Do Home Businesses Really Work?
One of the questions that I frequently get asked by potential partners I am talking to is:
“David I hear a lot of hype about how much money you can make with an online home business, but is it true? Don’t most people lose money?”
That’s a great question. Do home-based businesses really work?
Well, rather than give you my opinion, let’s ask the US Small Business Administration and the US Census Bureau.
According to a recent study by the SBA, the average home-based business earns about $65,000 a year.
And according to the US Census Bureau, the average annual wage is $45,790.
So, on average, home-based businesses earn revenues that outpace the average annual wage by nearly $20,000 or 42%
And remember, some of those home business are part-time businesses. Their owners are making a wage at a “regular” job AND making extra income from their home-based biz.
Next, let’s ask the people who have started an online home-based business what they think about the question “Do home businesses really work?”
According to Home Office Computing Magazine…
- 98% said they were happier working from home.
- 96% said they would recommend working from home.
- 88% said they would never return to the corporate world
So, it seems that the VAST majority of folks who start home-based businesses believe they made a very smart decision. Very little “regret” in those numbers!
But can you make BIG money at home?
Well, again, according to the US Census…
1.6 million home-based business owners made between $100,000 and $249,999 in 2010!
And almost half a million home-based business owners made between $250,000 and $499,999!
That’s a LOT of people making a LOT of money working from home.
Remember, these aren’t my numbers. These are the US Census’ numbers!
And more importantly, remember these are just “average” numbers.
They include a lot of folks who start some pretty crazy home-based businesses and fail miserably.
But what if you started a home-business that answered all the questions you should ask…and checked all the boxes?
What if you started the perfect online business?
How much better would your chances be than the “average” home-based business?
This will be relatively easy for you to research on your search engine using interests such as affiliate marketing, licensing model & franchise vs affiliate licensing model (Last option gave me best results but try all and save best links for more in depth research)