Make Money From Home

21 Low-Cost Ways to Make Money from Home – Entrepreneur

3, 2019

15+ min read

There are as many reasons for working from home as there are people who cho…….

3, 2019

15+ min read

There are as many reasons for working from home as there are people who choose to. Whether the reason is location, child care or just about anything else, going to an office is simply not possible (or desirable) for many.

However, startup costs for training, schooling or equipment can be a real barrier for many people who want to make money from home and are limited to what they already have in hand to get started.

Related: 20 Creative Ways for Introverts to Make Money

The good news is that with the foundation of a computer, internet access, and in some cases, a smartphone with a digital camera, your work-from-home options are fairly broad. While you need to seriously examine your inclinations, interests and skillsets before you invest in any job, these low-cost ideas allow you to work from home without the drag of pricey equipment or training. 

Here are 21 ways to make money from home for little to no cost. 



Image credit:
Anchiy | Getty Images

Costs: None

Equipment: Computer, word processing software, headphones and internet access (optional to have transcription foot pedal)

Many of us already start at the baseline of having a computer, word processing software, headphones and internet access, so if you possess these things, there are little to no startup costs to work as a transcriptionist. As a transcriptionist, you need to be a fast and accurate typist, and you also need basic computer skills, including being able to download media files (so if you don’t have a media or audio player on your computer, you can download what’s needed), attach files to emails and send them and convert word processing files into whatever file format the client needs.

The job can be done from home and has a lot of autonomy. The required speed varies depending on the company, but the faster the better. The average annual salary for a transcriptionist is $26,882. (You generally get paid by how long the audio file is, not how long it takes you to type.)

When looking for transcription work, emphasize any transcription or word processing experience you’ve had and underscore your knowledge of computer skills. To get started on your job hunt, do a search of “transcription” or “transcriber” on job sites such as FlexJobs, Glassdoor, Monster, ZipRecruiter, CareerBuilder and Indeed. Or you can register as a freelance transcriber on job marketplace sites such as TranscribeMe, Go Transcript, UpWork and PeoplePerHour.

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