Why it’s good to have Online Home Based Business Ideas!
In this day and age, it is almost impossible to maintain a decent standard of living on one paycheck, but in a family where children are involved, it is not always feasible for both dad and mom to have a job outside of the home.
Things cost more and more each week it seems and if you have a family unforeseen costs creep up all the time.
Usually, after a day’s work, it can be easy to switch off and zone out in front of the TV and that is fine if you can afford to do that.
However, these days people are finding that increasing costs and less time can mean that there are is an awful lot left of the month after the money has run out of paying off bills and general living.
Daycare expenses, the need for a second car, and too much time away from the children are some common drawbacks to stopping even thinking about that second job.
This, however, is the exact situation that a Home Based Business works to its greatest advantage.
If you can take a second to look around at your life and think about being able to do something in addition to the day job, then maybe there is a chance that you could be looking at bringing in some extra dollars.
Home-Based Businesses are great and can be extremely profitable but without the proper knowledge and tools, you can waste an incredible amount of time and/or money which defeats the purpose you started out with, namely to make money and have time to do the things you want to do.
This article was written to give the average person like you and I a practical guideline to getting started in a home-based business the right way, and to save you wasted time and money.
My experience has shown me that there are basically 3 main pillars or principles of a solid home-based business.
Pillar #1: It must have minimal start-up costs.
A home-based business that has a high start-up cost will take longer to see a profit, and as we said earlier, time is one of the things we are trying to cut down on.
Minimal cost will also make the home-based business more accessable to a larger amount of families or individuals who are just starting out.
We need to think like a business, so keeping our costs low and our profits high are of major importance here.
For example, a year or so ago my wife came home with a Marmalade making kit from the supermarket. It cost around $2 and all she needed was some sugar to add to it and it made around 8 jars of Marmalade.
She experimented a few times and finally decided on making some with a drop of whiskey mixed in and the entire project cost was around $4 including using old jars she had washed out.
She sold the product at a local weekly market and turned that $4 investment into $22!
She now does it weekly and makes on average around an extra $125 a month, which pays a few of the household bills! I have told her to think about selling it online, which is another option of course.
There are so many things you can do that probably haven’t thought about. Indeed, you most likely have skills and interests that could easily be turned into a side income.
To brainstorm the things you like to do for recreational purposes and things you are interested in and also things that you are naturally really good at.
This could be anything from doing makeup really well to fixing small appliances, setting up and tuning people’s new TVs, repairing bikes, making homemade jam or marmalade etc….the list is endless.
Maybe you could look at being a part-time teacher too for adult learners or kids that need extra help at home for their studies..again, these are great opportunities especially for anyone who has already got a degree.
There really is a huge portfolio of opportunities out there if you just stop and think about what you could actually do.
The more complicated your home business project, no matter what it is, the more likely you are to give up out of sheer frustration before you see a profit.
A business that is easy to set up and maintain will give you confidence and a sense of accomplishment as you complete each simple step in the process.
It’s important to remember that this home-based business idea needs to be something that doesn’t cause you too much stress and worry. It’s supposed to be fun and easily run from home.
You most likely get enough stress and worry in your normal day job so what we want here is a way to de-stress and enjoy this sideline for now….you never know, it may become something else in the future.
Let’s face it if you enjoyed wasting a lot of time and effort maintaining a home-based business you would not be reading this article. This is about freeing you to spend time with your family and doing the things you love, not creating another taskmaster to replace your job!
The first two pillars of a solid home-based business are necessary for the third to occur.
Pillar #3: It must have a quick return on investment. (ROI)
You can spend months building a home-based business but it there is never any real profit generated in a reasonable amount of time many people may get discouraged and give up.
What is a reasonable amount of time?
I would plan for a time frame on the order of weeks instead of months.
Remembering that this going to be something that you can start quickly without a huge amount of thought and recalling the things outlined in Pillar #1, it may well be a skill or talent you already have that you can utilize to make some extra money.
Depending on the type of home-based business some people have had a decent ROI within days, and unbelievable as it may sound some businesses that deal with affiliate marketing and sales can see profit as early as 15 minutes from startup!
You may be thinking to yourself “that’s too simple!” Let me say that within these 3 pillars there is plenty of detail to keep anyone busy.
The business that you choose to start should definitely be something that interests you and possibly even something that you already have a measure of experience in doing.
Whatever home-based business you get involved in make sure that it is propped up by the 3 pillars listed in this article.
Do not make the mistake of over complicating your efforts or you will see very quickly that you will get bogged down with a lot of needlessly wasted time and effort.
Keep It Simple and you will surely enjoy it a lot more and after all the whole point of this is to add some extra funds to your home income.
Here’s to your home-based business success.
And here’s to a really great Online Home Based Business Idea that you can get started on straight away