Everyone wants to know if there is an easy home based business. Just the fact that 97% of home business opportunities fail should be a clue that no business, including a home based business, is easy. Hard work and dedication is required in any business and this is definitely true for a businesses that is run out of your home as well. And if there were an easy one everyone would be doing it and raking in the cash. So, the short answer is, no there isn’t an easy one.The Difference Between Easy and SimpleIf instead you said ‘is there a simple home based business around’ the answer would be yes. I say this because the process of setting up and running a business from home can be very simplistic. For example, find a company that you can partner with, study their training’s, apply the training’s and use any mentorship or team work that the company offers. So, an easy home business with the mentality of ‘all I do is join and I start making money’ doesn’t exist. That ‘easy’ mentality doesn’t work for any other part of your life and won’t lead to success with a business whether it be traditional business or a home business.Reasons Home Based Businesses FailA home based business has unique difficulties of its own. Unlike traditional businesses which, even though still owned by you, have employees, partners, customers that expect you to be open and many other things that hold you accountable, a home business usually has few or none of these to keep the average person on track. People are used to having a boss or co-workers that they are held accountable to. When these things aren’t in place people tend to slack off and not take the time and effort required to make a business work. In other words people don’t treat the home business opportunity like they would a ‘real’ business, and then wonder why it isn’t working for them.Another reason the failure rate is so high in home business industry is because anyone can start one even if they have no idea what they are doing or have had any previous experience with owning a business. The average person can’t start a franchise for example because it usually costs hundreds of thousands of dollars in the first place. On top of that the franchisor requires certain training’s and sometimes previous experience in a related field before they will okay the franchise for the person. These two reasons alone usually keep anyone that isn’t completely serious about putting 100% into making the business work from starting a traditional business in the first place.This isn’t the case with home based businesses. Many home business opportunities can be started for under $1000 which makes it affordable for most people. This is also the problem many times. Since the person didn’t put a lot of money into the business in the first place it is easy for them to quit when it gets hard or they lose focus and just let the business slip. This wouldn’t happen if the person had hundreds of thousands of dollars invested and had to make it work because they left their former job meaning the business was the only thing paying the bills.How to Prevent FailureA mental shift has to happen to make your home based business successful. The person has to treat the business like it is a ‘real’ or ‘traditional’ business. If that mentality is not taken on the business will fail. The training’s that the company you decide to partner with offers must be learned and implemented on a daily basis if you hope to succeed. There is going to be a learning curve for any business you start, and if you don’t keep up with it your business will suffer. Take advantage of the mentorship and teamwork most home businesses opportunities offer. Having team members and experienced leaders to hold yourself accountable to always helps. Take your home business seriously and you will become just as successful as you would with any other business out there.
What Kind of Business Can You Run From Home: An Expert Review of Home Based Business Structures
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.
A Home Based Business Opportunity Can Prove Results For Busy Moms
Most at home moms never mention that they want to find a way to make extra money. The reason for this is that people who are not at home moms do not realize the amount of time and work that is involved in caring for a home and kids. They always suggest watching additional kids, or doing some other added task to your day is a great way to make extra money. Problem is they haven’t got a clue. Finding a way to make money without disrupting your already busy schedule is crucial. You need a home business that will pay enough and is flexible enough to make life a little easier.Anyone with children knows how much work is involved in caring for them. When you begin babysitting other children your work doubles. Your house requires more cleaning, there are often more car pools involved, and it winds up costing more than you are making. The home based business opportunity you want is one that will allow you to set your own hours and work around your kids’ schedule.This is when you want to find out the easy steps to starting a home business opportunity; one that isn’t going to take up a whole lot of time, or money to get started. You don’t just “want” to work for yourself, you “have” to work for yourself. Owning a business that will still allow you to take the kids to the ball game, run errands, provide the one-on-one time needed by each of your children, and take care of your family, has been a challenge…. until the last few years.Now, with a little research, you can start your own home based business with minimal investment and begin generating a residual income by spending a few hours each day when you have time.It is necessary to partner with a home based business that is a reputable and reliable company. They must have adequate training and experienced people you can talk with. Owning this kind of home based business will allow you to create a sustainable income and will not require you to work when your focus must be on other things. This will be a great way to start earning an income from home.