
By John Pacenti | Bankrate.com – Mon, Jul 16, 2012 3:05 AM EDT
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.
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.
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