There is no reason to spend 6 months without adding another stream of income to your portfolio. Failing to regularly grow your extra stream of income often results to near disaster later in life.
We are in the era when starting a home-based internet business that will succeed cannot be easier. Most of the accessories that were hitherto affordable to the big corporations are available to most internet entrepreneurs. Such tools are now readily available and easily affordable.
These plus other factors may be responsible for the growing popularity of home-based internet business.
A number of businesses that are thriving today, once started as a home-based business. One popular example is the case of amazon.com which started as bookstore in
8 Simple reasons to start a home-based internet business
These eight simple reasons should make anyone who is yet to start out on home-based internet business to do so without further delay. For most people, the fear of starting out is enormous. But let these reasons listed below be a liberating instrument from the clutches of fear.
1. The growing worldwide unemployment
All over the world, there seems to be a growing rate of unemployment. A number of jobs are threatened while a good percentage of some employees are losing their jobs on daily basis.
Also, technological advancement is making some jobs irrelevant.
Therefore in this period of job insecurity, it is a wise decision to start at least a part-time home-based business for those still holding one form of job or the other.
For the people not having a job, you do not seem to have a good reason to keep delaying. But if you think you have a good reason not to have started one, I would cherish hearing from you on that.
A few years back in Nigeria, many people lost their lives in a stampede as a result of clamoring for a few available jobs that was advertised.
2. Low startup capital
Starting a home-based internet business can easily be done with a very low capital. At the most basic level, all you may need is only a good idea, a smart phone and an internet connection. it doesn’t require the high costs of a traditional brick and mortar business.
The interesting fact is that for you to be reading this means that you already have either a smart phone or laptop and an internet connection. Generating a good idea doesn’t have to be time-consuming as you can share from other people’s idea. If no one is willing to share their ideas with you, I am. Just check this page out on how we can partner together.
You can get started within hours from the comfort of your home. Of great interest too, is the fact that any business can be an international business. You can easily reach any person from any part of the world in seconds.
3. Low level of risk
The level of risk associated with home-based internet business is generally lower than is the case with brick and mortar business. It also has lower risk when compared with being an employee.
Studies have shown that about 70% of home-based businesses survive at least three years. This is not a bad index when compared to non-home based businesses where about 29% only survive within the same period of time.
This should serve as a good encouragement to start that home based business that you may have been procrastinating for months or years.
4. Personal fulfilment
Personal fulfillment is an integral part of success that nothing else can replace.
Starting a successful online business can be a good source of personal fulfillment. It is often a very rewarding experience to move up the ladder unto success.
Therefore no matter how small or big your idea may be, by consistently doing something you are passionate about, your entrepreneurial journey to success can be really easier and fulfilling.
5. High earning potential
Good idea plus great marketing will always result in high earning potential.
Done rightly, you can reach a very large market, directly, quickly and affordably, no matter the niche, size or location of your business.
To think that Facebook started in the hostel of a student is a pointer to the fact even “hostel-based” online business has a high income potential. This should be a big challenge to all our undergraduate students. The graduate students who have wasted years in search of non-existent jobs should also have a rethink. Don’t you think that I am making sense?
6. Better flexibility and control
Home based internet business lends itself to more flexibility and control. Working out of your home provides much greater flexibility and control than is the case with a conventional business.
With an internet business, you can choose when you want to work and from where you want to work. You’re not confined to a single location. You can be in the train or in a park and still be able to work. You are able to work even while flying. Great flexibility, isn’t it? The conventional business does have such flexibility.
7. Financial Freedom
We all crave for financial freedom. Unfortunately too many people want it by mere wishing. This always ends in illusion.
But by running a successful online business, this becomes possible. When you learn how to generate profits online, you’re teaching yourself how to become financially independent.
As you start selling products online successfully you can scale up your business. By repeating this process, you have the potential to create multiple streams of income. Therefore with an internet business that is successful, you are on your way to financial freedom.
8. Time Freedom
We also crave time freedom. Yeah, time to be with our loved ones is most peoples burning desire. There is also great yearnings for vacations. Most of these desires remain only a dream when there is no time freedom.
This dream becomes easier with a home-based online business. Internet marketing hacks and automation software are making such dreams much easier than is the case with conventional business.
Bonus Point
Here is a big bonus point – perhaps one of the biggest reasons for you to start a home-based internet business.
Extra stream of income
It is often considered a big mistake for anyone to depend on only one source of income. Whenever possible, it is a good idea to add extra stream of income. It is often a regretful issue later in life when you are growing older without your income growing alongside.
In fact, there is no reason to spend 6 months without adding another stream of income to your portfolio. Failing to regularly grow your extra stream of income often results to near disaster later in life.
Making your home-based internet business a success
We all go into one business or the other with a mind to succeed. But most businesses don’t succeed.
To ensure that your home-based internet business succeeds, you should ensure that you do your homework and research your business idea.
You should be able to dentify your target market and analyze the competition.
You need to find a profitable niche for your home-based internet business. This is the foundation of a successful internet business.
You also need to learn. That you can do here.
Conclusion
Here you have them! 8 reasons to start a home based internet business that will succeed. I hope that they will encourage you to take actions without delay.
It is my desire also that this information encourage all the people who are in the valley of indecision. Stop procastinating! Procastnating is the option of self-declared failures!
I ask you – do you think you have any acceptable reason not to start an online business today? The only thing that can make youdelay further is just fear. I am aware that more people are afraid of success than those that are not, but having extra cash to make your loved ones feel comfortable is something that should be desired.
If you are on the side of people that fear faillure, here is an important question to ask: what are the things that the succesful online business owners do that you cannot do? You can learn their technique, can’t you? Yes! you can get it be duplicated.
Now is likely the better time to get started with your home-based internet business. Take the first step that will land you in the millionaire’s kingdom.
But for this to be, you must learn of the modern strategy of working smartly from your home. And be assured that I am available to help you if you are a serious entreprenuer. And I believe you are otherwise you would not have read up to this point.