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13 replies
  1. Imran Soudagar
    Imran Soudagar says:

    The biggest problem with starting an online business or starting a home based business is being dedicated to work. I know a lot of people have got success but I feel that with so many constant disturbances there can be very little work done specially if you have started a blog.

    • Penelope Trunk
      Penelope Trunk says:

      So true! A key factor in all of this is that a blog is not an online business. An online business is where you do stuff over and over again that actually makes money. Also, most online businesses are systems that you set up and work largely on their own.

      Blogging is something else – even if you are good at blogging, it’s extremely hard to make money from blogging. If nothing else, you never stop having to post — it’s a treadmill.

      Penelope

  2. Marc
    Marc says:

    Back in the olden days of printed material, ads ran in the back of magazines and comic books that said something along the lines of: Learn to run your own business from home and make lots of money. Send $10 for more information.

    The “more information” was a bunch of sample ads that you would place in magazines and newspapers that said: Learn to run your own business from home and make lots of money. Send $10 for more information.

  3. Jeff
    Jeff says:

    I find myself in such a strange place in life right now. Because of this, I stumbled upon this blog. It’s very interesting and I find myself relating to a lot of the topics.

    My wife is an uber-ENTJ who seems to be able to earn money and close deals in her sleep. It’s literally in her DNA. I’m the typical ENFJ. I tend to feel that my work needs to really matter, and make a difference. After our second child was born, and working in a field that wasn’t suited to me, I started staying at home.

    I struggle with the constant bickering between what I want personally, and what I feel is best for my children. In the end, being with them wins out, especially since they’re so young. But where to find my niche? That’s the question.

    I wonder if there isn’t some type of online business that could satisfy most of my needs/wants.

    • mh
      mh says:

      From an economics/ comparative advantage standpoint, your bring the at-home parent is smart.

      From a sanity standpoint, you will need some projects of your very own.

      You’re smart to realize this.

  4. Kina
    Kina says:

    How timely! I had to re-invement my business after started homeschooling. I could no longer go the big client consulting route and I did not want to launch a business that requires outside capital. I don’t have 80 hours in a week to work for the investors. Being an INTJ, most of my work happens inside my head. And it’s rather unconventional. So I need to find an outlet for it. I also realize that I don’t want to compete on price. So, online business it is. It has 2 parts to it: self-publishing niche marketing books and then creating high-quality niche e-courses around them. The intellectual work takes up most of the time upfront. But once the proprietary materials are created and the membership site is set up, much of it becomes passive income with many upsell opportunities using legit affiliates. Too bad Penelope’s course takes place in late February. I may still sign up for it.

  5. Mary
    Mary says:

    YES! I began homeschooling my children nearly 6 years ago and began a small business the following year — blogging, curriculum writing, and freelance writing. Years ago I was a public school teacher, and today I make more than I ever could have teaching. It takes DISCIPLINE, hard work, and many times a husband who is willing to pick up some of my slack, but it has been worth it. I also know that I am modeling a work ethic for my children in the process. I think homeschooling and working can go hand in hand!

  6. mh
    mh says:

    A business is ok, but I’m an INTJ who finds satisfaction in starting co-ops.

    Toy swap co-op, science co-op, babysitting co-op, and sports co-op so far.

    I really don’t want to have much to do with people. These are activities that, once begun, sort of run themselves on the rules you set up.

    • Emily
      Emily says:

      mh,

      I am fascinated by your idea of starting co-ops. How does the toy co-op work? That sounds like a fun one to me, and if you make money from it, that is a bonus for sure.

  7. Joe Montana
    Joe Montana says:

    I believe, the problem is a niche and a add value idea for that niche. How do I find the idea, and once I’ve found it, how would I know if it is good enough to make a growing business around it?

  8. Penelope Trunk
    Penelope Trunk says:

    There are lots of different types of businesses. Some revolve around The Big Idea. Those are usually startups, and if you want to do a company like that — you get funding, you go fast, hire people, and have an exit — if you want that type of company you really do need a big idea.

    This course — Launch and Online Business – is about systems, not really a big idea. Online businesses tend to be smaller, and they pay reliably over time rather than in one big payout at the end. It sounds like this is the type of business you should launch, since you dont’ have the big idea. But also, as an INTJ you are great at looking a complex problems and creating systems to solve them. And that’s what online businesses require.

    Penelope

  9. Kim
    Kim says:

    I’ve entertained the idea of going back to school for an affordable master’s degree online while homeschooling. That way I could possibly become an adjunct instructor at a local community college. While the wages aren’t as desirable as they used to be, it may be the most stable form of side business I can think of.

  10. Grady French
    Grady French says:

    A small home business may be a feasible solution for some families. In this blog they have highlighted three non-terrible ways to earn money from home while you homeschool your kids.Homeschooling creates its own unique financial challenges.Thanks for sharing this post.

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