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Economy MOM

Updated: Sep 30, 2021


The Effects of the She-Cession

Although both men and women feel the impact of a downturn, it's often the latter who bear the brunt. When a recession hits, the industries affected most are usually those with a higher degree of female employees, such as restaurants, retail businesses, and hospitality. A recession also affects stay-at-home moms. With less money coming in, they may have to find work to make up the deficit.

Stay-at-Home Earners

Whether you've been affected directly by the recession and found yourself out of work or felt the knock-on effects, there are plenty of online money-making opportunities, as well as a wealth of resources from the LynesOnLine.Com blog available to soften the blow.

Share Your Expertise

Do you consider yourself an expert in a particular field? Maybe you have an eye for fashion or a bountiful supply of delicious recipes you'd like to share.

If you have a quality or a skill you feel would benefit other people, share it in a blog. There's a seemingly endless list of topics you could base your blog on and several ways to make money from blogging. You can promote an affiliate product, sell ad space, write a sponsored post, and lots more.

Head For Figures

If you're good with numbers, bookkeeping is a great way to earn extra money. The work can easily fit around your schedule, and you don't require any experience.

There are plenty of online courses to choose from. You can check out available positions on job boards such as FlexJobs and Upwork.

An Eye For Detail

Are you constantly looking for grammatical errors and spelling mistakes when reading a book? If you are, why not make money from your keen eye for detail?

You can get paid well to fix spelling, grammar, and punctuation mistakes. Even the lowest 10% of proofreaders earn an annual salary of over $24,000.

Share Your Knowledge

Maybe you have teaching experience or knowledge of a specific subject. If you have, why not consider tutoring?

The advancements in technology have seen massive growth in online tutoring. Tutors can earn anything from $10.50 to $60 per hour.

Other online money-making opportunities include:

• Virtual receptionist

• Transcriber

• Online writer

• Dropshipping

• Travel agent

• And many more

Effective Marketing

By effectively marketing your new online business, you can gain a number of benefits:

• Sales. Good marketing tactics equals more sales.

• Reputation. Engaging with customers helps your reputation grow positively.

• Trust. Earning your customers' trust ensures they remain invested in your products or services.

• Evaluate. You'll learn what works and what doesn't, allowing you to move your business in the right direction.

Once you've found an online business opportunity, setting up a limited liability company (LLC) might be a good idea. This way, you protect your personal assets from the risks inherent in doing business.

LLCs also benefit from fewer compliance requirements than corporations and are more flexible than other business setups, and LLCs require far less paperwork. The process of setting up an LLC in California, for example, is straightforward, but each state has its own laws, so always check the requirements in your state here.

Beat the Recession

Women can rise above a recession by taking advantage of the numerous money-making opportunities online. These jobs offer flexibility, high earning potential, and a welcome respite from all the doom and gloom.

Image via Pexels

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