I Pass the Enrolled Agent Exam!
Shares

Best Jobs for Stay-at-Home Moms with Professional Experience

Shares
best jobs for stay at home moms

Maybe you’re about to welcome a new addition to your family. Or maybe you want to spend more quality time with your children. Whatever your situation is, you’re ready to be a stay-at-home mom, and that’s great.

The joy of watching your children grow up is priceless. However, there may be times when you miss working in a professional environment and talking to adults other than your spouse.

Can you get the best of both worlds? Yes! I have 3 suggestions for the best jobs for stay-at-home moms.

3 Best Jobs for Stay-at-Home Moms with Professional Experience

What are most stay-at-home moms looking for? I believe many stay-at-home moms looking for a job have 3 priorities:

  1. Flexible working hours
  2. Flexible working location (i.e., home)
  3. Opportunities to talk to people

I’ve used these priorities as the basis for my 3 job recommendations for stay-at-home moms with professional experience.

  1. Travel consultant
  2. Social media specialist
  3. Enrolled agent

Depending on your background, skills, and strengths, each vocational option has its own pros and cons.

  • Travel Consultant

As a travel consultant, you would be responsible to coordinate and book travel arrangements for individuals, groups, and businesses. Though most travel consultants work for travel agencies, a decent percentage are self-employed.

Pros of Being a Travel Consultant

  1. Fun and flexibility

The best thing about being a travel consultant is that it’s a fun, flexible, and uplifting job. More often than not, you’ll be working with customers who are happily planning a vacation. Their positive mood will be infectious! And you may be able to set your own hours.

  1. Small monetary investment

If you are serious about this career track, I recommend that you start off with a host agency. The host agency takes care of all the licenses and accreditation, which saves you lots of time, money and effort. The host agency provides commission tracking and sales reporting. They may even provide training to help you hit the ground running. Typically, the startup cost is limited to US$500-1,000.

As soon as you feel ready and willing, work hard to wean yourself off the host agency’s support by building your own customer base and backend system. You’ll soon be able to experience the full benefits of being independent.

The Cons of Being a Travel Consultant

  1. Large time investment

Building a customer base and developing your brand takes time. Obtaining enough repeat customers and referrals can take a while because most people don’t vacation more than twice a year. To speed up the process, you can increase your marketing and your networking, which can be enjoyable if you’re quite social.

  1. Competitions from online travel sites

The culture of travel booking has changed drastically over the years. The younger generation tends to take trip planning into their own hands by searching the internet rather than calling a consultant for recommendations. Providing additional value to consumers takes a lot of work and creativity at a time when information about travel and leisure is so widely and freely available.

  • Social Media Specialist

That’s right: this job was unheard of 20 years ago. Being a social media specialist involves managing accounts on various social media sites such as Facebook, Twitter, Instagram, and probably many others. The actual work can range from responding to questions and comments to designing a sophisticated online marketing campaign.

The Pros of Being a Social Media Specialist

  1. Flexibility

To play this role, all you need is a computer with an internet connection. You can do this any time of the day, so it’s the perfect thing to do during your kids’ naps and after their bedtimes.

  1. Very low cost

Great news: There is virtually no cost to starting out as a social media specialist. If you frequently use social media, you won’t require any training.

The Cons of Being a Social Media Specialist

  1. Real work

Being on social media for work is much different from being on social media for fun. You’ll have specific tasks and goals to achieve. Therefore, it will require extensive planning and organizational skills. After all, why would anyone pay you if the job was all play and no work?

  1. Huge competition from India and the Philippines

This is a very big business in India, the Philippines and other developing countries whose inhabitants frequently use English. The standard of living is much lower in these countries. Therefore, your competitors are willing to bid a very low price for quality results.

Some social media specialists in these countries are very well-established. So much so that they contract out additional work to local professionals. These are not just a few freelancers you are facing. Rather, they are expert teams intent on working around the clock to keep companies coming back to them.

In order to succeed in this business in the U.S., you must be at the top of your game. You also need to offer unique services (e.g., able to provide your clients with an American perspective) and deliver a much higher quality of work to justify the higher fee.

  • Enrolled Agent

Now, I know this is not the most glamorous job on the list. In fact, you may not even know what an enrolled agent (EA) is. But let me tell you — this is a hidden gem in the accounting industry. And, thousands of professionals enjoy the perfect work-life balance with this career.

Enrolled agents are tax experts. Depending on their experience, enrolled agent work varies from simple bookkeeping and filling out basic tax forms to consulting complex tax situations and representing clients before the court.

The Pros of Being an Enrolled Agent

  1. High demand

All the people and small businesses in your community require simple tax advice quite frequently. Everyone is involved with taxes in some way. Therefore, everyone can be part of your target customer base.

If you have the aspiration, you can advise and represent anyone in the U.S. because the EA license is nationally recognized (unlike CPA licenses, which can have limited scope per state).

  1. Low supply

Despite the high demand, the supply of EAs is low because the enrolled agent industry is not well known. Furthermore, only a small percentage of qualified individuals enter this profession. When people are seeking help with taxes, they often look to CPAs. However, CPAs either don’t prefer tax or charge more. EAs are both tax experts and more affordable. So, your service is an easy sell.

Have you seen any EAs actively marketing themselves and their business? No, because they don’t need to. They generate plenty of business via word-of-mouth alone.

  1. Limited material needs

All you need to work as an enrolled agent is a computer with an internet connection.

  1. High pay

Once you’re an EA, you can begin performing simple tasks like advising others about filling out tax forms. Eventually, you can do more lucrative business with corporations. You can also get paid well for advising a client in an IRS dispute.

I have more information on the enrolled agent salary, but you can expect basic jobs to pay $20-25 per hour. More complex duties eventually bring in $100-300 per hour.

  1. Close community

EAs are low-profile professionals, but they do help each other. The National Association for Enrolled Agents (NAEA) provides its members with advocacy and social and networking activities. The NAEA has state affiliates across the country so EAs everywhere can stay connected.

The Cons of Being an Enrolled Agent

  1. Enrolled Agent exam

Enrolled agents perform specialized work and are licensed by the IRS. So, understandably, you need to take and pass an exam to earn the license. Taxation is basically a bunch of rules, not rocket science. Therefore, passing the exam is definitely doable if you put in the time and effort.

How Stay-at-Home Moms Can Become Enrolled Agents

Typically, professionals with quantitative training are the best fit for the enrolled agent profession. Classic examples include accountants, finance managers, engineers, and IT professionals. However, practicing EAs have all kinds of career histories.

Unless you are a stay-at-home mom who freaks out at numbers, I urge you to explore this uncommon opportunity. I will warn you: The exam is not a piece of cake. After all, the U.S. tax code is quite complicated. But the exam is divided into 3 parts, and you can take as long as 4 years to pass all 3 parts.

Once you are familiar with the tax rules, imagine how advantageous this position will be for you, your family, and your business.

If you’re interested in the EA designation, we have a step-by-step guide to the passing the exam and starting your enrolled agent career. Check it out today!

Show me the road to the EA!
>

Save 15% on Fast Forward EA Review!