You Really Can Earn a Full-Time Income From Home – Here’s How to Maximize Your Earnings

by Susan Paige on August 8, 2019 · 0 comments

Dreaming of a full-time income earned entirely on your own terms, in your own space?

It’s closer than you think. Earning a full-time income from a home office doesn’t require any special skills or credentials — just a can-do attitude and a willingness to get (and stay) organized.

If you’re looking to maximize your earnings and ensure you’re in a position to grow whatever business you’re pursuing from the comfort of your own home, follow these six easy tips and tricks.

  1. Set Strict Working Hours

First, set strict working hours. If the standard 8-to-5 works best for you, great — it works for millions of others as well. If you need to work in smaller, more frequent blocks to accommodate your kids’ or pets’ schedules, that’s fine too. Whatever maximizes your productivity and minimizes work-life conflict.

  1. Choose a Scalable Opportunity

Next, look for an opportunity that you can truly scale into a full-time work-at-home income. Fundraising distribution is a great option for entrepreneurs looking to support worthy causes in their own communities, for instance. According to research conducted by ABC Fundraising, fundraising distributors can earn anywhere from $500 to $5,000 or more per month while working at home. That’s real money.

  1. Don’t Compromise on Your Space

Choose a comfortable, discrete space as your home office. Make it a work-only space — you’re not in high school anymore, doing homework at the kitchen table. This is your office, the source of your professional power. A spare bedroom or converted bonus room works best.

  1. Get (And Stay) Organized

Implement a sensible system of office organization, both digital and physical. Filing cabinets are essential for the papers you’ll inevitably accumulate over the years; a secure cloud storage solution works well for digital files.

  1. Know What You Can Deduct

Speak with a licensed tax professional about what types of home office expenses you can legally deduct from your enterprise’s gross revenues. Such expenses may include part or all of your mortgage or rent payment, home insurance, utilities, and depreciation (if you own your home). You can also deduct a slew of expenses related to office equipment, supplies, and non-local travel expenses.

  1. Treat It Like a Business (Because It Is)

Even if you haven’t bothered to formally incorporate your at-home business and have no plans to take that step now, you’d do well to treat your at-home enterprise like a real business — because it is.

Now that you’re working out of a home office, you have overhead expenses, recurring costs for supplies and equipment, even depreciation — all the stuff you (should) know you can deduct at tax time. You also have revenue, courtesy of your paying clients or customers. Every dollar you’re able to keep on your business’s balance sheet is a dollar that remains in your pocket.

Work in Your Own Space, on Your Own Terms

The day you’re finally able to step back and say, “Wow, I’m actually earning a full-time income from home” — that’s a big day indeed.

If you’re not yet there, don’t be discouraged. You may well have a great deal of work ahead of you, but you know there’s like at the end of the tunnel. Put your mind to it and one day, perhaps sooner than you think, you too will be able to tell the world that you’re earning a full-time income in your own space, on your own terms.

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