If you need to change your financial situation, then starting a home-based business may be the best way to add extra income or even make a career change. Since 1993, I’ve operated a home-based business and nothing has done more to transform my life than the sense of empowerment that comes from being financially, and vocationally, independent.
Billions of dollars are generated each year by home-based businesses and over 40 percent of those businesses were started for less than $5,000.00. Many of these home-based businesses are run by women, so the opportunities are more equal than ever—especially when you consider that half the world is made up of women, so even just women selling to women (“W-2-W”) is looking pretty lucrative.
I Seized My Moment
It was the launching of the desktop revolution that enabled me to start my home-based business. After finishing a degree in visual communications, I had learned the essentials of graphic design, advertising, and desktop publishing. At the time, hardly anyone was running a freelance design business out of their homes, so I had little competition.
At the outset, I didn’t know what I was doing, so I learned a lot the hard way, but what I did learn is still generating income for me today. In fact, I would be stuck in a corporate job today if it weren’t for the fact that I tasted independence early—I was 27 years-old when I launched my full-time home-based business.
Do It Progressively
However, I started my home-based business part-time by doing small projects for other small agencies and business owners that I met from my community. Once I saw that this was something I could do full-time, I took the risk and launched out. It was scary as hell, but I tend to thrive in a “sink or swim” situation.
Now, I don’t recommend you imitate my steps, because if I could do it over again, I would’ve made the transition to a full-time home-based business much slower so as to minimize the risk. In your case, it may be that you don’t even need to be full-time. It may be that you only need some extra money, but the potential of a home-based business to generate that income for you remains astounding.
Where It All Begins
A successful home-based business can be based on anything, but it begins with an assessment of your own talents, interests, and passions. As for me, I prefer the marketing of information and services, and whereas I started with “hands on” graphic design, I now do much more consulting while leaving much more of the grunt work to the up and coming hot rods.
You’d be amazed at how something you currently love, or can do, can be turned into a home-based business. Why is this? It’s because you’re not unique in your interests or the need for your abilities. For example, you may have what you think is a unique hobby but it’s actually the same hobby of millions around the world. And with the internet and social media, it’s never been easier to connect with those of similar interest.
I’ve seen people teach guitar online, start landscaping businesses, help with bookkeeping, create web sites, serve as virtual assistants, sell items on eBay, and more. The list is endless, but it all begins with something you’re passionate about.
Even if you don’t have a service to sell, it may be that you’ve got a knack for writing on a particular subject. You could create an information-based blog and feature links and articles on an area of your own interest that’s shared by others around the world. If you can create traffic to your site, then you can sell ad space as well as serve as an affiliate for other books or products related to that area of interest. For example, since I write on the subject of personal development and motivation, I could sell the books and information products of popular experts in the field. Amazon has an affiliate program that makes this easy, and most successful speakers have an affiliate program that allows someone like me to sell their products for a commission.
My challenge to you is to think deeply about this because even $500 extra per month could change the life experience of most people. Have you thought about starting a home-based business? If so, what would you do? Write me in the comments below.