This question is asked weekly and sometimes more.
If you could make good money to stay home and watch your children, EVERYONE would be doing it.
This post will get all the MLM people on the site hitting you up to make money with them to sell, recruit, etc. If having parties and being in agressive sales is your thing just go for it and read ALL the facts.
Working at home is WORK. Companies usually do not hire people to work from home. People who work from home and telecommute are proven employees with an employer. It takes a lot of self discipline, self motivation. Those who work from home have required child care. NO company wants you representing them with the noises of children and pets in the background.
There are some places that have offsite working at home which would be telemarketing, etc.
I work from home because our home base for our company is my house. However, I would not be able to do my job with children under foot. One mistake and it can mean we lose thousands of dollars. Again, working from home is work.
Think outside the box... what are you good at... babysitting?Tutoring?Selling things on Ebay, CL or Etsy?
Good luck.