Job security is one reason why people will shy away from starting a home based business. People feel overwhelmed when they leave the way of a main stream 9 to 5 job. Fear of making mistakes and the disappointment of their online business failing, stops people from ever even starting.
With the economy going south job security is a myth. The idea that someone can work their entire lives for a company and the company will take care of them when they retire is unrealistic. Everyday big companies are laying off people and going into bankruptcy. Taking your future into your hands is your only job security you will ever have.
People start businesses online for different reasons and the top ten reasons for starting an online business are:
10. Loss of Job
With the unemployment rate at its highest in 16 years, many people are out of a job and are looking for a new income. Pure necessity could have forced them to have to start a business to support themselves or their family, and give them a steady income. This could be the best thing that ever happens to them!
9. Recent Retiree
With social security running out of money, many new retirees are turning to online business to help them earn some extra money. They still enjoy all the benefits of being retired but, with a online job they keep busy and help them live longer without relaying on the government’s help.
8. Looking for Part-Time Work
If you aren’t retired yet, a home business can just be a way to make a little extra money on the side. That money could be for a nice vacation, a new car, for a child’s education, or just for a rainy day. Many people start working online part-time until their income online is more then their off line income. Once they reach their full time income they quit their 9 to 5 jobs.
7. Single Mom or Stay at Home Mom
A mother who can’t afford daycare, or understands the importance of being at home with her children, but needs to earn income as well. A home based business will allow her to financially support her children and family.
6. Getting Out Of The Rate Race
The reasons why people are unhappy at their current occupations include: being underpaid and overworked, feeling unchallenged, tired of office politics, conflicts with co-workers, the commute ever morning or no chance for promotion. This leads to dissatisfaction and some will look towards a home based business to give them more control over their lives.
5. Tax Breaks
There are tremendous tax benefits to be enjoyed from having your own business and working out of your home. As long as you abide by all laws, you can write off many of your travel expenses, deductions for your home office, etc. It’s important however to consult with a professional and learn exactly what rights that you have as the laws change very rapidly.
4. Saving for Retirement
For individuals that are realizing that retirement is not far away and they need some extra income to help make their retirement dreams come true. An online business could help a person retire earlier.
3. Low Cost to Start
Up For the entrepreneur that has great ideas but a limited budget, an internet business is a perfect option. With an online business one would need a PC, an internet connection, a webpage and hosting once the business picks up. Some people have so much debt that they have to start a business or drown in debt. They have to sink or swim and so they are searching for ways to start a home based business to get out of debt. Starting an online business requires such an inexpensive start up cost that anyone can get started.
2. Huge Income Potential:
Your limit is self contained, meaning that your income can become as large as you like it to be, depending on the work that you’re willing to put in. It’s a different ballgame from the 9 to 5 job where no matter how much work you do, no matter how much blood, sweat, and tears that you shed; your income level stays the same. There is no ceiling on your income potential, only the ceiling that you create for yourself.
1. Freedom and Flexibility
We all want to be independent both financially and emotionally, and ideally these two things go hand in hand. Learning the skills that you’ll learn with Network Marketing will take you to new heights, and you’ll own a skill-set that could potentially put you in a position where you can virtually make money on demand for the rest of your life. Just imagine the effect that this will have on you emotionally. Basically it’s like taking a ten ton…well burden off of your shoulders.
Online businesses lend themselves to a variety of lifestyles. There are many more reasons to start an online business and any one of the above reasons would be great motivation. Realize that with any occupation there is risk, but if you are passionate about what you do and you have drive you can’t help but succeed!
Thank You And Good Luck
Internet Marketer And Marketing Coach