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.
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.
