{"id":90747,"date":"2024-11-26T16:46:34","date_gmt":"2024-11-26T21:46:34","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=90747"},"modified":"2024-11-26T16:46:34","modified_gmt":"2024-11-26T21:46:34","slug":"from-kitchen-table-to-boardroom-table-side-hustles-for-women-and-stay-at-home-moms","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/women-money-management\/from-kitchen-table-to-boardroom-table-side-hustles-for-women-and-stay-at-home-moms\/","title":{"rendered":"From Kitchen Table to Boardroom Table: Side hustles for women and stay-at-home moms"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block drop-shadow pos-rel top-line-blue block-wpr  mar-b-hlf\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<h4 class=\"wp-block-heading\" id=\"h-tldr\">TLDR<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Many women and stay-at-home moms are starting side hustles and becoming entrepreneurs to help them achieve financial independence.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Women-led businesses in Canada have increased, with 19.6% of private sector businesses being majority women-owned in early 2024.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Resources like the Women Entrepreneurship Strategy (WES) and Women Entrepreneurship Knowledge Hub (WEKH) help women grow their businesses.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p>With the rising costs of groceries, gas, childcare, and mortgage payments, along with the impacts of inflation and shrinkflation, many families are feeling the financial pinch.<\/p>\n\n\n\n<p>In response, many women, especially stay-at-home moms, harness their skills and expertise from previous careers to start side hustles, join the gig economy, and become entrepreneurs. These \u201cHomepreneurs\u201d and &#8220;Mompreneurs&#8221; are not only supplementing their household incomes but also achieving greater financial independence and fulfillment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Women-led start-ups and small businesses are on the rise in Canada<\/h2>\n\n\n\n<p>The proportion of majority women-owned businesses in Canada has steadily risen over the past few years. In 2023, it was estimated that 18% of businesses, including small, medium and large businesses, were majority owned by women.<br><br>The\u00a0<a href=\"https:\/\/www150.statcan.gc.ca\/n1\/pub\/11-621-m\/11-621-m2024001-eng.htm\" target=\"_blank\" data-dig-id=\"LP-90747-d50afa96\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"most recent data\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">most recent data<\/a>\u00a0from the first quarter of 2024 shows that majority women-owned businesses accounted for 19.6% of all private sector businesses in Canada.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">From side hustle to business owner<\/h2>\n\n\n\n<p>Women and stay-at-home moms looking for ways to supplement their incomes have\u00a0<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/serious-side-hustle-scenarios-your-guide-to-earning-more-cash\/\" data-dig-id=\"LP-90747-29b6d56e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"many potential side hustles to consider\" class=\"rbc-link-format\">many potential side hustles to consider<\/a>,\u00a0several of which offer the choice to work as little or as much as they want.<\/p>\n\n\n\n<p>Successful side hustles may even grow into more considerable business opportunities. Some women might initially feel unsure about starting their own business;\u00a0<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/five-myths-de-bunked-about-starting-a-business\/\" data-dig-id=\"LP-90747-1969fd03\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"however, there are many reasons to take the plunge\" class=\"rbc-link-format\">however, there are many reasons to take the plunge<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Looking for ideas?<\/h3>\n\n\n\n<p>Here are a few side hustle ideas that might spark your entrepreneurial spirit:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Providing freelance services<\/h4>\n\n\n\n<p>Do you write? Are you a graphic designer? Has motherhood made you the best project manager ever? You may have a keen eye for photography. Using websites like\u00a0<a href=\"https:\/\/www.fiverr.com\/?utm_source=577792&amp;utm_medium=cx_affiliate&amp;utm_campaign=_bus-y&amp;afp=CjwKCAjwyo60BhBiEiwAHmVLJQ62hhc-nCeHj32LGRzQwR6OW5E2NFDKhiOf2qKG41bRGGZyBJbDqRoCaFAQAvD_BwE&amp;cxd_token=577792_34532941&amp;show_join=true&amp;gad_source=1&amp;gclid=CjwKCAjwyo60BhBiEiwAHmVLJQ62hhc-nCeHj32LGRzQwR6OW5E2NFDKhiOf2qKG41bRGGZyBJbDqRoCaFAQAvD_BwE\" target=\"_blank\" data-dig-id=\"LP-90747-fbdbb1af\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Fiverr\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Fiverr<\/a>,\u00a0<a href=\"https:\/\/www.upwork.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-88f24bb9\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Upwork\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Upwork\u00a0<\/a>and\u00a0<a href=\"https:\/\/www.freelancer.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-40b8e696\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Freelancer.com\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Freelancer.com<\/a>, women can sell services and monetize their skills.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">E-Commerce<\/h4>\n\n\n\n<p>Stay-at-home moms with handcrafted items or digital products to sell can use websites like\u00a0<a href=\"https:\/\/www.etsy.com\/ca\/\" target=\"_blank\" data-dig-id=\"LP-90747-3c3f29e2\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Etsy\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Etsy<\/a>,\u00a0<a href=\"https:\/\/www.shopify.com\/ca\" target=\"_blank\" data-dig-id=\"LP-90747-be9ad640\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Shopify\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Shopify\u00a0<\/a>and\u00a0<a href=\"https:\/\/woocommerce.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-2155f4b3\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"WooCommerce\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">WooCommerce<\/a> to build a store, control branding and connect directly with customers.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Tutoring and teaching online courses<\/h4>\n\n\n\n<p>Put your expertise to use by tutoring or teaching online courses with platforms like\u00a0<a href=\"https:\/\/www.udemy.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-90747-6939b8b5\" data-dig-label=\"Udemy\u00a0\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">Udemy<\/a> and other e-learning portals. These sites provide the\u00a0tools to reach a global audience. Once a course is live, it can earn income with minimal effort.<br><br>If you\u2019re a certified tutor, can teach an instrument, or provide life coaching, you might consider offering remote sessions via video conferencing apps.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Virtual assistant<\/h4>\n\n\n\n<p>Earn income by providing remote administrative, technical or creative support. Tasks could include e-mail management, scheduling or data entry. Create a profile on a site like\u00a0<a href=\"https:\/\/www.fiverr.com\/?utm_source=577792&amp;utm_medium=cx_affiliate&amp;utm_campaign=_bus-y&amp;afp=CjwKCAjwyo60BhBiEiwAHmVLJQ62hhc-nCeHj32LGRzQwR6OW5E2NFDKhiOf2qKG41bRGGZyBJbDqRoCaFAQAvD_BwE&amp;cxd_token=577792_34532941&amp;show_join=true&amp;gad_source=1&amp;gclid=CjwKCAjwyo60BhBiEiwAHmVLJQ62hhc-nCeHj32LGRzQwR6OW5E2NFDKhiOf2qKG41bRGGZyBJbDqRoCaFAQAvD_BwE\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-90747-faebeee9\" data-dig-label=\"Fiverr\u00a0\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">Fiverr<\/a> or\u00a0<a href=\"https:\/\/www.upwork.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-90747-3954714c\" data-dig-label=\"Upwork\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">Upwork<\/a>, and use a professional network such as\u00a0<a href=\"https:\/\/www.linkedin.com\/feed\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-90747-2a9f541b\" data-dig-label=\"LinkedIn\u00a0\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">LinkedIn<\/a> to connect with people.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Care services<\/h4>\n\n\n\n<p>If you\u2019re looking after your children, what\u2019s a few more? However, you don\u2019t have to stick to people\u2014dog walking, pet sitting, and house sitting are all effective ways of earning extra money. Websites like\u00a0<a href=\"http:\/\/www.canadiannanny.ca\/\" target=\"_blank\" data-dig-id=\"LP-90747-1ce54de0\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Canadian Nanny\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Canadian Nanny<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.care.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-5605a9e1\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Care.com\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Care.com<\/a>\u00a0can be a first step down this career path.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Paid online surveys<\/h4>\n\n\n\n<p>Many companies and market researchers want to know what people think of their products and services.\u00a0Websites like\u00a0<a href=\"https:\/\/surveys.gobranded.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-a48fae95\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Branded Surveys\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Branded Surveys<\/a>,\u00a0<a href=\"https:\/\/www.swagbucks.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-5f4b8a28\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Swagbucks\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Swagbucks\u00a0<\/a>and\u00a0<a href=\"https:\/\/www.surveyjunkie.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-6a37aa17\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Survey Junkie\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Survey Junkie<\/a>\u00a0have many surveys you can get paid to take<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Test apps and websites<\/h4>\n\n\n\n<p>Developers get people like you to play with their apps and websites to ensure things work before they go live.\u00a0Sites like\u00a0<a href=\"https:\/\/www.usertesting.com\/get-paid-to-test\" target=\"_blank\" data-dig-id=\"LP-90747-08d8dc46\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"UserTesting\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">UserTesting<\/a>,\u00a0<a href=\"https:\/\/www.utest.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-517a5c30\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"UTest\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">UTest<\/a>,\u00a0<a href=\"https:\/\/www.userlytics.com\/testers\/\" target=\"_blank\" data-dig-id=\"LP-90747-63b83024\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Userlytics\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Userlytics<\/a>,\u00a0<a href=\"https:\/\/www.usercrowd.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-fcf5e2f7\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"UserCrowd\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">UserCrowd\u00a0<\/a>and\u00a0<a href=\"https:\/\/enrollapp.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-09a09676\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Enroll\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Enroll<\/a> can connect you with testing gigs.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Transcribing and translating services<\/h4>\n\n\n\n<p>Transcribing involves receiving audio files and typing out what you hear. The files may be videos, audio notes, phone calls or legal proceedings. Check out freelancer sites like\u00a0<a href=\"https:\/\/www.rev.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-41750ebb\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Rev\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Rev<\/a>,\u00a0<a href=\"https:\/\/www.transcribeme.com\/\" target=\"_blank\" data-dig-id=\"LP-90747-046b8a0c\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"TranscribeMe\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">TranscribeMe\u00a0<\/a>and\u00a0<a href=\"https:\/\/gotranscript.com\/transcription-jobs\" target=\"_blank\" data-dig-id=\"LP-90747-498a3e95\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"GoTranscript\u00a0\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">GoTranscript\u00a0<\/a>for opportunities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Resources for women entrepreneurs<\/h2>\n\n\n\n<p>The Government of Canada has created the\u00a0<a href=\"https:\/\/ised-isde.canada.ca\/site\/women-entrepreneurship-strategy\/en\" target=\"_blank\" data-dig-id=\"LP-90747-d8596e45\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Women Entrepreneurship Strategy\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Women Entrepreneurship Strategy<\/a>\u00a0(WES)\u00a0to help support women and their businesses. This initiative represents billions in investments and commitments, aiming to increase women-owned firms&#8217; access to financing, networks, and expertise.\u00a0Under the WES, women may access loans of up to\u00a0$50,000; they can also find support and mentorship to help grow their businesses.<\/p>\n\n\n\n<p>Another available resource to support women is the\u00a0<a href=\"https:\/\/wekh.ca\/\" target=\"_blank\" data-dig-id=\"LP-90747-3ffe3b5b\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Women Entrepreneurship Knowledge Hub\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Women Entrepreneurship Knowledge Hub<\/a>\u00a0(WEKH), a one-stop source of knowledge, data and best practices for women entrepreneurs.<\/p>\n\n\n\n<p>More women than ever are starting businesses, becoming entrepreneurs and securing their financial independence. And with so many resources, grants, loans and support networks, it\u2019s never been a better time to turn your passion, knowledge and skills into a new income stream for you and your family.<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>With the rising cost of living, many women are starting side hustles to supplement their household income and gain greater financial independence. Here are some ideas to get you started.<\/p>\n","protected":false},"author":80,"featured_media":90733,"parent":90474,"menu_order":0,"template":"wp-custom-template-optimizely-mmm","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[38,77,189],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[],"rbc_difficulty_level":[33],"rbc_mmm_category":[315,314,576],"class_list":["post-90747","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-parenting","tag-personal-finance","tag-women-led-businesses","rbc_content_type-article","rbc_difficulty_level-beginner","rbc_mmm_category-finances-and-relationships","rbc_mmm_category-life-events","rbc_mmm_category-women-money-management"],"acf":{"contently_publication_id":"","custom_author":"Terry Warne","rbc_video_header":"","rbc_media_duration":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"With the rising cost of living, many women are starting side hustles to supplement their household income and gain greater financial independence. 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