7 Work Ideas for Your Freedom Year

7 Legitimate Work-at-Home Jobs for 20-Somethings

By John Pacenti  |   Bankrate.com — Mon July 16, 2012
(Original Article on Yahoo.com here)

Work at home in your PJs?

One ad reads, “I will juggle three fire clubs with a firework on my head for $5.” Another offers a 45-minute Spanish lesson on Skype or professional advice on buying real estate. All are on Fiver.com where anybody can sell a service for $5, many through the Internet.

The website is indicative of how the work-at-home job scene has evolved in just the last few years.

“We are now seeing younger and younger people working from home,” says Michael Haaren, co-founder of RatRaceRebellion.com, which has tracked 17,000 telecommuting jobs since 2007.

“Three years ago, the person who typically worked at home was a mom who wanted to be there for her children. Now it’s skewing younger — and the young people, they are multitasking.”

Many young people have turned to telecommuting due to the lack of entry-level jobs in a struggling economy, Haaren says. These jobs can vary wildly and do not always pay well, but for the intrepid they can be pieced together to pay the bills.

[Related: High-Paying, Low-Stress Jobs]

From more lucrative positions to the usual telecommuting stalwarts, Bankrate took a look at seven industries where a computer in a spare bedroom could mean lots of spare change.

From old-school to new-school

Job: Teacher/Tutor
Pay: $10 to $14 per hour

Hiring for online instructors is robust, as for-profit universities, such as Kaplan and the University of Phoenix, grow, Haaren says.

And colleges aren’t the only schools looking for teachers. All the teachers at the Florida Virtual School, which enrolls children from grades 6 to 12, work from home.

Jennifer Kohn, spokeswoman for Tutor.com, says the company has about 2,500 teachers on contract and a waiting list of thousands. She says tutors teach students of all ages and levels. Recent graduates, and even those still in college, are a good tutoring fit as long as they pass the application process. It also offers those who are retired a great way to supplement their retirement income while giving those taking a break from the real classroom a way to still have income.

“The people who can really do calculus and chemistry get paid more,” she says.

One reason online tutoring is growing is that the students like the anonymity of the service. “It takes away any sort of biases,” Kohn says. “It’s just about the work.”

As for the tutors: “People like the flexibility,” Kohn says. “They can set their own schedule. They can change their hours weekly as they see fit. You can tutor at 9 o’clock at night if you want.”

Shop ’til you drop

Job: Mystery shopper
Pay: $5 and up per assignment

One of the more unusual trends for those working from home is employment as a mystery shopper. More than just liking a store and buying a sweater there, the motive behind it is to help a company’s workforce development, says Dan Denston, executive director of the Mystery Shopping Providers Association, or MSPA.

The workings behind a job are relatively simple, albeit detail-oriented. A mystery shopper works as an independent contractor reporting back to a company on various areas and experiences in the store. Depending on how difficult and time-consuming the job is, payment ranges from $5 to $160, Denston says. And with some assignments, shoppers don’t even need to leave home, making phone calls to businesses to examine their customer service.

While they won’t get rich, mystery shopping gives new graduates still looking for a traditional 9-to-5 job an opportunity to help pay the rent, Haaren says.

As the mystery-shopping industry grows — 7 percent from 2010 to 2011 — it’s important to be on the lookout for scams. It’s extremely important to use credible sites to find companies looking for undercover consumers. Denston says his company, MSPA, backs all the secret shopping companies they have as members because they know they are legitimate. “You should never have to pay for a list of mystery shopping jobs,” he says. “It’s a tell-tale sign of a scam.”
[Related: Flummoxed by Failure—or Focused?]

Peddle your goods online

Job: Crafter
Pay: Varies

Selling homemade goods online is a modern turn on old-fashioned small business. Leslie Truex, who runs WorkAtHomeSuccess.com, says these are true cottage industries.

Some of these businesses are even bringing assistants into their homes to help them produce their products, which can be clothing, jewelry or any number of assorted knickknacks. The crafters then advertise their products on popular websites like Etsy, Artfire and Craftsu.

Selling goods or crafts can be a good way for a student or recent graduate to make a few extra bucks if it’s something they enjoy doing, but they need to think about the time involved in their work and whether it will pay off.

“Most people will fail, but a few will be successful,” Truex says. “The key is the ability to market themselves.” You need to be able to know your market, and know where your potential clients can be found, she says.

James Dillehay, author of “How to Price Crafts and Things You Make to Sell,” lives near Santa Fe, N.M., and says it’s important to build up a customer base.

“Because there is so much competition, don’t put all your hopes and resources into developing an Etsy store while ignoring face-to-face markets,” he says.

Etsy reported $62.8 million in goods sold in March — or more than 3 million items sold. The site charges 20 cents to list an item and 3.5 percent of sales. But don’t think you must stick to just Etsy. Other craft sites out there are free, and some just charge a flat fee.

Take your business idea to the Web

Job: Internet entrepreneur
Pay: Potentially millions of dollars

The idea of the struggling artist has given way to that of the ambitious entrepreneur.

Marissa Feinberg says she sees a number of these dreamers at her business, Green Spaces, which provides them with an office setting when needed.

“Everyone is trying to be the next Facebook, the next Mark Zuckerberg, the next Instagram,” she says. “They are getting new funding and circulating their ideas.”

Haaren describes the Internet entrepreneur movement as a “tanker full of gasoline.”

He pointed to the website Kickstarter.com and Crowdfunding.com, where creators of innovative projects can seek money.

Haaren also says new legislation supported by President Barack Obama will allow entrepreneurs to hold “mini IPOs” to get their businesses off the ground. One startup, he says, raised $3 million to fund its idea of synching electronic devices to a watch-like gadget.

Success stories such as Omgpop are fueling the fire. The one-time struggling startup hit it big with the Pictionary-styled smartphone game “Draw Something.” The popularity of the game drew the attention of media game company Zynga, which purchased Omgpop earlier this year for almost $200 million.

The customer is always right

Job: Customer service agents
Pay: $8 to $15 per hour

The backbone of the work-at-home sector is customer service. And it’s attractive to the younger set still looking to enter the job market because all one needs is a telephone and time.

Haaren says the service can vary widely. “Generally it’s for inbound calls,” he says. “It could be ‘I need help ordering a pizza’ (or) helping people with their credit cards.” U-Haul, American Express, Apple and AAA are increasingly using home-based customer service agents, he says. Amazon is also looking to wade into the waters.

“That’s a big deal,” Haaren says. “Amazon is like the 500,000-pound gorilla.”

Allstayathome.com says customer service jobs are very plentiful, but unlike other jobs done from the residence, many companies require a set work schedule. The upside, though, is they may hire customer service agents as permanent employees rather than contractors. This means regular paychecks and benefits.

The downside to being a customer service agent is that companies often require a background check, for which that applicant may have to pay. And, of course, dealing with unhappy customers comes with the territory, so a high threshold for abuse is often a necessity.

‘How may I assist you?’

Job: “Virtual” assistants
Pay: Up to $44,000 per year

Young adults are flocking to virtual assistant jobs, Haaren says. Ads for this line of work vary. Some call for someone who can assist bank customers, others ask for a computer-savvy employee who knows Microsoft Word. Haaren says Internet research jobs such as these are some of the most abundant home-based jobs at the moment.

Another area for virtual assistants to explore is the integration of social media into businesses to get out their message on Facebook, Twitter and other bulletin board sites. “It’s a lot of work, and a lot of people would just rather pay someone to do it,” Truex says.

Indeed.com, a leading online job search site, says virtual assistants can earn as much as $44,000 per year, but there are young people offering their services as virtual assistants on the Internet for as little as $3 per hour.

Exercise your writes

Job: Writer/editor
Pay: 10 cents to $2 per word

Jobs for writers and editors are out there in abundance. Blogging for newspapers that have gone online is one job that’s expanding. If you are more of an editor, that kind of work-at-home job is needed for manuscripts of all types, including textbooks. Recent college graduates and even those still in college can use these blogging and editing experiences to build up their resumes while bringing in some much-needed cash. For those more-experienced journalists and writers out there, this type of freelancing from home could be a profitable endeavor.

Susannah Nesmith, who worked at The Miami Herald for six years, got caught in the crunch of newspaper downsizing but has found freelancing to be highly lucrative. She writes stories for national magazines and newspapers.

While some publications want her skills at a discount, Nesmith won’t work for less than 50 cents a word, and some magazines offer a basic rate between $1 and $2 a word.

The best part about working from home now is the extra freedom she has. “One of the things I like about freelancing is I can fire my bosses. And I have,” Nesmith says.

(Original Article on Yahoo.com here)

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SmartyPig creates online savings plan to reach a goal

By Adam Belz, Special for USA TODAY
(Original Article HERE)

WEST DES MOINES, Iowa – A 2008 start-up called SmartyPig has combined social networking and banking to offer a new way to save, and in four years has helped people reach almost $3 billion in savings goals.

Think pig: Social Money President Scott McCormack promotes social-banking system SmartyPig.

  • Photos by Maxine Park,, USA TODAY

Think pig: Social Money President Scott McCormack promotes social-banking system SmartyPig.

The business was created by Des Moines natives Michael Ferrari and Jon Gaskell in 2008 as a high-tech way to encourage people to save for specific goals. Ferrari came up with the idea when his first son was born and he needed to save money for his son’s college education.

He wanted to save for other goals in a program similar to the college 529 plan, and SmartyPig was born.

The program creates an online savings account for goal-directed purchases that can range from travel to consumer goods to a down payment on a house. Money can be transferred automatically from account holders’ savings or checking account at their regular banks. Account holders can then use Facebook, Twitter and other social media to allow friends and family members to contribute to the goal. The deposits are FDIC insured.

Once the goal is reached, the saver can choose from a selection of merchant-provided discounts when making the purchase.

The idea caught on. By the end of 2009, it carried deposits of $212 million.

“They actually sort of jump-started the whole goal-based savings account thing,” said Stessa Cohen, a financial services analyst for Gartner in Philadelphia. “A lot of banks in the U.S. and Canada are looking at providing that.”

Social Money, the company behind SmartyPig, thinks banks are far enough behind, and eager enough to connect with customers on social media, that they’ll pay someone else to do it for them.

Every Monday for six weeks, USA TODAY will look at how fast-growing companies rely on innovation to thrive.

The company is now starting to sell the SmartyPig concept to banks, with the idea of letting them brand it themselves. That product was rolled out this spring. More than 115 financial institutions have approached Social Money about its GoalSaver program, Gaskell said, and the bank has already signed on ICICI, the second-largest bank in India by assets.

Social Money expects to announce new bank customers throughout the year, Gaskell said.

“We’ve basically taken the heart and soul of what we’ve learned at SmartyPig and pointed it at the scale,” said Gaskell.

Gaskell won’t say what Social Money makes each year, but he said the company has been operating on its own revenue for three years. In April, Social Money announced it would hire 35 new employees, bringing its total workforce to 50.

SmartyPig was part of a shift toward savings and personal financial management during the recession, Cohen said. People were ready to save money, when they may not have been three years earlier.

Like Kiva, the online microfinance organization launched a couple of years earlier, SmartyPig also tracks your progress for all to see.

“You can see how far along you are,” said Nathan Robertson, 26, who’s saving for a three-month trip to South America later this year. “It’s a little bit more fun than just a regular bank account.”

By Maxine Park, USA TODAYSocial Money co-founders Mike Ferrari (left) and Jon Gaskell.

Robertson said it’s easier to save with SmartyPig because he doesn’t see the money. It’s automatically deducted, and unlike with a separate savings account at a bank, he doesn’t see it all the time and isn’t tempted to pull a couple of hundred dollars out. He also shares his progress with friends occasionally, though he doesn’t expect anyone to contribute.

“I’ll throw it on my Twitter page every now and then,” he said. “The idea is to share that with your family and friends, and keep up the social pressure to reach your goals.”

Banks might want their own version of it, Cohen said, because it gets them into social media, a world that’s been difficult for financial institutions.

Instead of just tweeting about their earnings or their latest charitable giving using Social Money, banks can get connected to consumers via Twitter and Facebook.

“They’re collecting a lot of information that I give voluntarily,” Cohen said. “I give a lot of information to Social Money about what I’m doing.”

Banks can track their customers better and offer financial products to them when it makes sense for the customer. They can also make deals with merchants based on what consumers are saving for, and tailor advertising to them.

“This attracts non-banks who want to partner with Social Money, who say ‘We want to know what people are saving for,’ ” Cohen said.

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(ORIGINAL ARTICLE HERE)