According to PayScale, the average annual salary for a nanny ranges from $18,591 to $41,130. Finding yourself on the low end or mid-range of the pay scale can be a challenge to scale up financially. Instead of lowering your living costs to make ends meet, you can find extra sources of income without adding on lots of extra hours.
Not sure where to get started? Here’s a nanny’s guide to earning extra income so you can take control of your financial future.
Offer specialized services
Simply marketing yourself as a qualified nanny will secure you the going rate in your area. You may be able to negotiate a small raise depending on exemplary references. But to really earn more, you need to differentiate yourself. Nannies with a teaching background or strong educational experience can offer homeschooling and tutoring services at a premium rate.
Are you good with children with disabilities? Position yourself as a nanny with years of experience working with children with ADHD.
Organic cooking, crafting and physical fitness experience can also skyrocket your income if you market yourself accordingly.
Develop a side business
Nannies already posses the skills needed to start a profitable side business. Offer cleaning services on TaskRabbit and differentiate your offering by using organic or natural products.
You may need to think bigger. Set up an in-home business through a company such as Amway to order your all-natural products to clean for clients on TaskRabbit, and offer to sell your clients your products. Suddenly you have two side businesses that overlap into your nannying services.
Create a placement service
Train other nannies in your area and help them secure their own employment by setting up a nanny placement service. Charge families a commission for setting up interviews, conducting background checks and handling paperwork. Meanwhile, you can consider charging aspiring nannies for certification programs in areas such as CPR.
For even more income, create training programs on how to land high-end clients and charge families a premium for nanny services. Package a program to train nannies on a site such as Teachable, or upload your program to YouTube and take advantage of their ad revenue program.
Nanny for a group or business
Approach local hotels, conference centers and attractions with an offer for your services. Coordinate fun day camps for kids in your area whose parents are attending a nearby function or just want a day out to hit the golf course or explore the local wine country.
Earn a profit by charging extra for on-site art classes, horseback riding or a scavenger hunt. Need extra hands? Consider using a nearby nanny service and ask for a commission for sending work their way, or use the opportunity to launch your own nanny service to local hotels.
Change your title
Differentiating your services is just one place to start looking for higher wages. But changing your title altogether can skyrocket your going rate.
Instead of thinking of yourself as a nanny, look for a job as a family manager or home manager instead. Your new title may require doing everything from balancing the books to grocery shopping and planning birthday parties, but it is likely to dramatically increase your earning potential.
You can also use the new skills to transition into work requiring management and supervisory experience. After all, it takes more than a careful eye on the kids to manage an entire household.
12 thoughts on “5 Ways for a Nanny to Earn Extra Income”
Make sure you are upholding a reliable bottom-line income and that you have exposed stable development over the previous few years.
A great way to make a little extra cash.
Good write up. You make everything cleared.
Another thing i will add is to advertise yourself on social media very well. there are thousands if not millions of people looking for nannies but they dont know how to get good one. your advertisement at that time can be a great help for them and they will be willing to contact you immediately.
You can also have a nannies training school as what the writer said. This will really help you because you will be able to send some of your students to go and work for your clients. and with this you will get your commission because the money will be paid to your account and you give the nannies their own commission.
This is the best investment that you need to look at and make use of it very fast before another person start it in your area.
Thanks again writer.
I get to learn with and from children. I see their perspective and I get to laugh with them. Everything is an adventure and they have so much love!
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I think that keeping a regular job is the best way to achieve stability.
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These are great pieces of advice. There are always some possibilities to earn some extra money.
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