Saturday, January 17, 2009

Moms Working From Home

Now that I am a mom, I am meeting even more moms who either want to work from home or are already doing so. The balance of caring for children and having a full-time job is really challenging for most moms. I can't imagine having to work full-time PLUS come home and care for my newborn. I am exhausted enough as it is, and I only work 10 hours a week outside of my home. So I completely understand and relate to the desire (and NEED, for most moms) to earn some extra income while also staying at home with the little ones. Some moms opt for having a home based business. But choosing the right one can be a challenge, especially when you've already got tons of other responsibilities to worry about.

So here are some tips for busy moms:
-Find out if the business will require you do to parties/shows (i.e. leave the house) and consider whether or not you want to do this.
-Find out about the products. This seems obvious, but I'm referring to a little more detail. Determine whether the products are something that the average person would buy. For example, jewelry is something that some people might buy, but not everyone. On the other hand, bath & body products or cleaning products are things that almost everyone has to buy.
-What is the price point? Now note that price is NOT the most important thing in someone's buying decision. However, VALUE is! So be sure that the products provide value (i.e. the price is reasonable and the products are exceptional). If the price is TOO high, most people won't purchase. But if the products are not unique, people won't buy even if the price is reasonable.
-How does the compensation work? Will you have to track your sales and take commissions, etc? Or will the company generate a check to you? Will you earn residual income or will you need to find new customers for income next month?
-What is the growth record of the company? And how does the company do in a recession? This is especially important right now since we are in a recession currently. A lot of companies, such as juice companies that sell an expensive product that most people aren't already buying, are struggling right now. Find out if the company you're considering is doing well or struggling (and if they won't tell you, that's a sign to stay away).

If you have other tips for moms considering working from home, be sure to leave them in the comments!

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