If you have a burning desire to work from home you are not alone. I joined the almost 4 million Americans who successful make a living working home based businesses about a year ago. It was literally overwhelming to look at the endless possibilities in the home based business arena. To make matters worse 99.9% of the folks you are going to run into will surely try to sell you on their “amazing” opportunity. Choose wisely my friends. Over 95% of home based entrepreneurs fail. I believe this is because they jump into a business that does not fit them. Read this article to get started.If you are looking for specific ideas, I have hundreds listed in some of my other articles. In this article I am going to stick with a critical overview of the five basic structures of business that cover about 99 percent of home based businesses. By choosing a category to look into, you can narrow your search and hopefully start to hone into what is going to work for you.The question to ask is not how good an opportunity looks, but does it really fit you? Does it fit your time? Does it fit your skills? Does it fit your passions? Does it fit you realistic investment money and needed income? You must put on your critical thinking hat and look at the process as a type of reverse job interview. There are over 2,700 MLMs currently n the US and over 10,000 home based franchises, affiliate opportunities, and other home based businesses. Anyone can find a business that will make them a decent living from home- if they do their due diligence to find a truly “good fit!”Below are the 5 main categories that home-based businesses fall under. I have listed them with the main pros and cons of each structure. 1) Affiliate Marketing Pros: Good income potential: Previous proven and somewhat branded productsCons: Some have little to no ongoing training or mentorship: Affiliate Marketing is just that “marketing”2) Home Based Franchise Pros: Franchises usually have very well-developed products, services, and marketing plans: Many leave a lot of room for individuals to run their business in the way they choose to: Some provide comprehensive trainingCons: Start-up cost for franchises are significantly high than other forms of business: Many franchises require a set of specialized skills to run effectively3) MLM (network Marketer) Pros: Compared to other forms of business MLMs have a low cost to join: They have very flexible hours: Almost all have a pre-existing plan to followCons: Most MLMs have ongoing financial commitments: Only about 1% of folks in MLMs make a living in the industry: It normally takes several months to build a large enough down-line to see a significant ongoing cash flow: Out of the more than 10,000 MLMs that have been created over the last 60 years only 50 have lived to see their 10 year anniversaries4) Online Business (all other forms can be worked online) Pros: Working online provides an unlimited income opportunity: Flexible hours: Can be easily worked around current employment in needed: Fits almost any nicheCons: 97% of folks who attempt to make a living fail because of a lack of ongoing training and mentorship: There are specific skills and knowledge that must be learned to make money online5) Unique Original Ideas Pros: Started a business from scratch can be a very personally rewarded experience: If a new business is created, marketed, and branded it can create significant wealth for the ownerCons: There are many skills needed to successful run a business as a startup: There can be large startup costs: Many underestimate the time commitment needed to get a new business off the ground
Take a good look at the pros and cons of the different structures. I have successful owned and operated a number of businesses over the years; however, it was honestly an affiliate that allowed me make enough money to quite my “day job” and work completely from my home office. That being said, I know many folks who successfully run home based businesses. Many work in the MLM industry, own franchises, and some have started their businesses from scratch.
What Kind of Business Can You Run From Home: An Expert Review of Home Based Business Structures
Getting a Job With No Education – Job Experience Vs Formal Education
Most of the well paying jobs require completed college education in the form of either a Bachelors or a Masters degree. Most jobs that pay above minimum wage require you to have a high school diploma at the absolute minimum. However in some areas, experience is valued far higher than education. In this article I’m going to discuss the value of both experience and formal education. I’ll go over the top paying jobs that don’t require a degree and that typically value experience a lot more than a college degree.
Before I discuss the merits of both education and work experience, I want to implore you in the highest possible way to get your G.E.D (high school diploma) if you don’t already have it. Even if you plan on working you way up from the bottom at a large company, this is something they will look for when they consider promoting you. You can do virtual classes online that will prepare you for the test for about $300. If you can’t afford that, there are dozens of state programs across the country that provide financial aid to promote literacy. Do a Google search for “GED Financial Aid Your_State” to see what’s available in your state.
Formal Education vs Job Experience
In a recent survey done by Monster.com, a substantial majority of the respondents felt that work experience was more important for them to advance their career than education. This is undoubtedly the case, even when you base it on strictly statistical data, but what this poll doesn’t mention is that education is instrumental in getting hired in the first place. Education should be seen as the starting point, the “seed” if you will, whereas experience is the sun light and water required to grow and develop. Without the education there would be no seed and therefor no growth. This analogy is true with most careers, but some jobs simply don’t value formal education very highly.
These Jobs Hire with No Education
Fortunately there are actually dozens of jobs that pay just as well or better as many degree based jobs. These jobs place more emphasis and importance into real world work experience as a traditional classroom education holds little or no value here.
5. Postal Service Clerks. Working at the post office has been a well paying and very secure career for decades. It’s one of the few jobs left that still offers a pension plan, which continues paying you a percentage of your normal wages after you retire. You can earn up to $51,670 with this job without any college degree or advanced education.
4. Real Estate Sales Agents. If you have strong people skills, this can be an incredibly lucrative business. Even when the housing market is at it’s worst, this is still a phenomenal business to be in. You can either work for your self or join an existing real estate company which can help you by sending you leads and providing you with an office. If your new to this area, it would be wise to start out by joining an existing company so you can build your contacts and learn the ropes. The average salary for this occupation is $53,100 and several agents earn between $200,000 – $1,000,000 annually.
3. Commercial Drivers (Truck Drivers) The schedule can be pretty rough and you’ll be spending a lot of time away from your friends and family, but if those things don’t bother you, this job is an incredibly high paying option. The pay range is anywhere from $40,000 – $55,000 annually.
2. Casino Supervisor If you’ve ever been to Las Vegas, you already know the dealers are making outrageous amounts of money. If the dealers are making so much money, just imagine how much their supervisors are making! Often times, the supervisor receives a percentage of the tips from the floor that he/she is supervising. These casino supervisors earn an average of $48,920 annually and if you land a job at high stakes casino, expect to make easily over $100,000 annually.
1. Paid Survey Taker This job isn’t recommended as the #1 job that requires no education because it is the highest paying. It’s recommended because it’s something that you can easily add on to any other job to supplement your existing income. It’s a few hundred dollars in your pocket every month at just a few hours work. Best of all, it’s something that you can start doing immediately, without having to deal with a job interview or review process.
Although education can be very important, and often instrumental, to landing certain jobs, it’s literally worthless when trying to pursue certain careers. Before you go through the time and expense of pursuing a college degree, be sure to find out whether or not your career really requires a college degree. Above all, stay focused and motivated to whatever your goals are and you will succeed regardless of what level of education you currently have.
Why Start A Home Based Business Online
Is it a passing fad or is it a growing trend? Is it just a want, or is it a need? In these days, more and more people seems to be getting that bug of wanting to start their own online business. Maybe they’ve finally all heard that today, the internet is where the money is, and it’s easy money at that!The one thing I know for sure and what’s a driving factor in my life is that I can not, and will not let someone else tell me what I’m worth ever again. Either it’s by the hour or in life as a whole, I will take control and determine my own income and wealth. The days of a regular 9-to-5 are long gone for me.I had to be Independent! And you know the great thing about being financially independent? It’s that, you can do anything that you want. You can do it whenever you want, how you want, for as long as you want, and pretty much with whom ever you wanted to do it with. All because you’ll have the money to do it with.They say that starting an online home base business is all about finding your niche. In other words you have to utilize your skills and/or find something that you are pretty knowledgeable about and turn that knowledge into a home based business. Hey everybody’s good at something right! Even if you are a Kung-Fu Master, you could use that knowledge that you possess and post it across the internet and make a killing! No, No, No, not like in the Kung-Fu sense, but as in a bag full of money sense. Because people want to know what you know and guess what, they are willing to pay for it!There could be a lot of road blocks when first starting out with your own home based business so look out! First there could be that old learning curve of never-ending pitfalls that’s waiting for you to step into them, and then there is always the money factor. Come on you’ve heard it before., it takes money to make money. This seems to be the one thing that holds you back when looking to start working online with a new home based business.If you’ve been told like I’ve been told that in order to start a business of any sort, you’re going to need a lot of Ducks to do it with! For most of us the reason for seeking to start the home base business online, is because we don’t have any money in the first place so we are in need of an economical way of doing it or in other words, to start-up for free.Our whole goal and objective is to START making money online. Some would say it can’t be done without a lot of money. Now in most cases this statement would be true, but now today with so much technology, there are many home based business opportunities that you can start-up for free. Just think about it for a sec, you don’t have to spend a lot of money on start-up costs if you know what to do and how to do it. The key here is that you would be doing it online.Keep in mind that online is a digital realm that can produce digital and physical products or services. Believe it or not, you’re likely have all that you need to start-up online right in front of you right now! A computer and access to the internet! This can be a powerful combination when used properly.If you don’t have anything in mind to sale for a product or service, you can always do what you do best and search the internet. Sooner or later you will find something that will catch your attention and then you’ll say to yourself, hey, I can sell this, or hey, I can make money with that. But always be very careful when choosing your niche market.It is your duty as a business person to be diligent in your review of the products or services that you are going to be selling online or anywhere for that matter. You do this to ensure that the product or service you are selling is of good quality.If you are tending to become an affiliate of online sales, beware of affiliate program sites that promise you the world for nothing at all. Even thought it is the internet and strange and lucrative things happen here, you do have to put some work into it to make anything happen! That why it’s called work online, you have to be willing to do some work!Most site that promise a whole lot of something for a whole lot of nothing are simply scams and they are meant to trick the money right out of your pocket. More often that not, these scams usually ruin it for other legitimate online business people with great opportunities for you obtain. So be cautious when searching online for a free home based business opportunity.Now don’t get me wrong here, because one of the best opportunities available for online work is affiliate marketing. Just be careful when signing up and make sure you do your homework to find out how the program works and how you get paid. It’s a great way for you to start out and learn the ropes of how things work online and most affiliate programs will allow you to begin with no start-up costs at all.If you start out this way you will have a lot of access to learn all about driving traffic to your site, their site, or anybody’s site for that matter, which could prove to be the most valuable knowledge and information that you could have online. After you start to make money, you need to start putting money back into your business to make it become to be more successful, so make plans to reinvest some of your gain right away. There are a lot free home based business opportunities out there. You just have to find the right one for you to take advantage of.Affiliate Marketing is legitimate, but just be aware of the scams when you see them. I personally don’t fool around with a lot of survey site as I need more money for my time and I need it faster.I would suggest searching the web for the most reputable of them and then choose to work with the ones that pay the most.You can always look for review sites for online survey companies to determine which of these would be best to work for.Some other good places to check out when looking for fast easy and no cost ways to start an online home base business is eBay and Amazon. They have many tools to get you started in the right direction. When it comes to buying and selling online these are some of the best places to be online. So go and check them out!Buying and selling and making money online is easier than you think and starting up for free is not impossible. If you want to be successful, remember to reinvest into your business and avoid the scam artists and hijackers out to steal your time and your money.