As our divine world drives furiously into this new “Information Age” a new type of millionaire is fast emerging from the incredible changes that have been driven by the internet – the “Work From Home Millionaire”. This article probes into the questions that you have about the benefits of starting a home business, avoiding the scams that seem to attract any prosperous industry and (the bit that you’ll want to gobble up) the drop dead simple ways that you can implement today for instant home wealth.
Ready? Let’s delve now into the benefits of starting a home-based business. Do you know that this new breed of Work From Home Millionaire has it much better than most wealthy people? A home-business affords it’s owners a lifestyle that even traditional millionaires would envy (no need to commute or play dirty office politics as you watch the cash splosh into your Paypal account).
Not started yet? Don’t fret – every thriving home business started off as a mere conception. An idea in someone’s head. Working from home is a dream for many – but actually going ahead and starting a home business can be very difficult. So what makes so many people want to do it, and why would you ever try such a crazy thing? Here are some common reasons, and some things to consider:
Doing What You Love (Yes, You CAN Turn Your Hobby Into Your Job). Most people have something that they’re really passionate about, and would spend the rest of their life doing if they could, just for the enjoyment of it. Whether that means football, travel or hand-made sock puppets for you it’s wonderful to get paid for doing what you love!
Make sure, though, that you’d be able to take it if you had to make a living from your passion. It’s the things we’re closest to that hurt us the most – think of how you might feel if no-one buys what you’ve made, or if they send it back and with a note saying “what rubbish, I demand a refund!” Can you cope with your hobby becoming commercial? As you’ll learn with time and experience there is always a small percentage of customers who are downright nasty and will take a swipe at your feelings (I know of webmasters who have even received correspondence touching upon hate-mail before). You always have to take the rough with the smooth.
Your Boss Is A Dirty, Backstabbing Little Pig. It seems like everyone hates their boss. In an increasingly commercial and profit conscious world the “boss” is the guy who will deliver corporate riches at any expense. You may be a model employee, work more hours than there are in the day yet when it’s time for your loyalty to be repaid you’re left with a barely inflation matching pay-rise and hardly any gratitude for your slog. Is this really the way you imagined spending your life? Wouldn’t it be far nicer to do your own thing from your own space?
What you might not realise is that ‘being your own boss’ requires quite a lot of willpower. If there was no-one to make you get up in the morning and do any work, would you be able to motivate yourself? Your home is supposed to be a place of rest and entertainment – and when it’s full of the equipment and temptation to do anything but work, working there can be hard (shall I do some work or watch that Simpsons DVD?).
You’re Over 30, Have A Wonderful Family…But Barely See Them For A Half Hour In The Day. You feel like all you do is go to work, come home, and then sit around, too tired to do anything fun with your family. Well without doubt I can tell you that with a successful home business you’ll have far more time and energy to enjoy with your partner, your children, your relatives and friends. And when you’re boss, you can set your own holidays. How cool would it be to turn up to your home office, find things smoother than smooth and call Bob up for a round of golf (of course if you don’t know Bob you can ask one of your own friends : )
The flipside here is that you might just end up spending too much time with your family, while you’re trying to work. When everyone knows you’ll be in the house all day, they’ll probably ask you to do all sorts of unimportant things, just because you’re available. It’s hard to say no, and before you know it, you’re doing the job of a full-time ‘housewife’ instead of what you set out to do. Discipline is required, and if you feel you struggle with this then perhaps a home business isn’t for you after all.
The Commute, The Stress, The Overpriced Sandwiches…It’s All Too Much. There is a very wise old saying that goes something like this: “No-one on their death-bed has ever reflected on their life and said…I wish I spent more time in the office!”
Offices are dreary environments, and terrible to work in – travelling for hours there and back and spending a significant proportion of your wages to do it seems completely pointless (especially if you live in the middle of nowhere). If you could work from home, think of the time you’d save… and time is money, isn’t it? To make things worse, if you happen to work in some of the larger cities in the world such as London, the amount you spend on basics like food and drink can be shockingly high.
Isn’t it time you started earning more and spending less (both money and energy)? Once set-up, a home business affords you the enjoyment of working based around your time, schedule and requirements (with the only commute from the bedroom to the home office via kitchen).
You Want To Work Smarter And Benefit From Residual Income Streams. When you have a job, usually the pattern is that you work to accomplish a task and you get paid once. When you have a smart home business (such as creating and selling information products) you do the work once and then for years into the future you will receive payment for the very same work. That’s residual income and it’s one of the most powerful concepts you’ll ever take on board (congratulations – this one tip alone is worth hundreds of dollars).
A home business can not only be highly enticing because of the advantages it offers by way of work-life-balance, but when you get it right it will pay many multiples of any job. That’s the trick to setting up a really successful home based business.
Home Income Streams That WORK. Pay close attention to this short paragraph. You’re about to discover multiple ways of creating powerful home income streams that are seductively residual. Here are some income streams that have worked very well for me - I’ll leave it to you to research into and profit from them.
As mentioned above, resale rights and information products are superb residual income generators. These days you can purchase premium products with rights for the price of an ice-cream – and profit from it for years into the future.
Google Adsense has been established as a viable and highly profitable business model for the home business publisher. It’s an awesome way of setting up income streams that do not require you to sell a thing (and continue to make money from them long after forgetting about them).
Knowing the basics behind importing & exporting is another explosively profitable home business model. Once you find a profit source here, again, it will continue to deliver cash for you for years into the future.
A Call For Action. Now that you’re aware of the pros and cons of starting your very own home based business (and some highly powerful tips to nudge you towards early profits) you need to take action. The next five minutes are vital – if you walk away and take no action you may never start on the most important and worthwhile journeys of your life. It’s totally up to you. Who knows, perhaps you’ll end up being the next new Work From Home Millionaire.
About the author:
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