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There are Many
Benefits of Starting
an Internet Home
Based Business
By James Williams
Internet businesses
being run from home
are booming.
They are set to
expand in the coming
years as fast
economically growing
countries come on
board at a much
large rate.
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"Making tons of
money in a home
based business is
not the only reason
record numbers of
people are starting
home based
businesses.
Home based business
owners are finding a
secondary benefit to
owning a home
business that is
resulting in
thousands of dollars
in saved income
taxes"
Stone Evans,
PluginProfitsSite
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So You
Ask..."What is so
good about an
Internet home based
business?"
-
"What benefits
does such an
online business
have over any
other business?"
-
"What benefits
does it have
over a
traditional
"bricks and
Mortar" type of
business?"
-
"What benefits
does it have
over any other
type of home
based business,
such as a multi
level marketing
business or a
law mowing
business or an
accounting
business?"
Simply stated,
starting an Internet
or home based
business has three
very clearly defined
advantages which
then lead to further
benefits of which
can not be obtained
with other
businesses.
These three
advantages are...
-
Potential income
earnings and
market growth,
-
Low initial
monetary outlay
or business
setup costs, and
-
The ability to
work on your
business part
time.
(1) Potential
Income Earning and
Market Growth
Saying that business
online has grown
rapidly since the
inception of the
Internet, is not
only a fact, but
also an
understatement.
Constant news of
increased spending
online litters the
news on a weekly
basis, more people
buying a much wider
variety of goods,
services and niche
market products.
Additional markets
that were not
present on the web
five years ago are
now not only opening
up but expanding at
huge rates.
Countries such as
Chile, China, India
and even Bulgaria
are now online and
their economies are
growing at
staggering rates.
China and India
would have to be the
prominent leaders to
date with their
economies currently
growing between
eight and ten
percent per year, as
per
This Report.
Such figures are
shown through
increases of people
subscribing to
Internet services
and companies
expanding their
digital networks as
per this
ClickZ report
Many people in these
countries now wish
to have all the
benefits that we in
the West have been
experiencing for
many years.
The house, the car,
the TV, the
microwave, the
computer and the
Internet and all the
benefits that such
technologies can
bring, not
withstanding status
within their give
society.
In addition, our own
society has become
much more familiar
with the Internet
and the many
benefits it brings.
Expanded
communication with
friends and family,
social forums and
discussion lists on
all sorts of topics,
even dating is now a
huge industry
online.
This familiarity is
now facilitating a
thrust of all things
Internet related and
thus people are
turning to
purchasing online
with much less
trepidation that
years gone past.
To put that in
dollar terms, online
spending has risen
from $41.2 billion
in 2002 to $79.2
billion in 2005 with
increases expected
to continue as per
this
"Infoplease.com"
article.
Total people
shopping online have
gone from 66 million
in 2002 to an
estimated 136
million in 2007.
The fact that people
are looking for such
a wide variety of
information has
allowed thousands of
individual
entrepreneurs
working from home to
earn more than
better incomes.
Incomes are being
made from people
offering information
about their hobbies,
their current
business skills and
many other tangible
and intangible
products. Even
people without their
own products are
binging in profits
by selling other
companies goods and
services, or even
just selling
advertising.
The potential for
already established
offline businesses
is also huge.
A good example of
this is the tourism
industry whereby
most of the major
players such as
airlines,
governments or major
tourist destinations
and some major hotel
chains have been
quick to capitalize
on Internet growth.
However there are a
staggering amount of
businesses of
varying sizes that
are missing huge
opportunities to
substantially
increase customers
and profits by
developing and
marketing their
business online.
This includes
hotels, restaurants,
clubs, sporting,
leisure and health
services, just to
name a few.
The fact is, no
matter your current
business size -
online or off, your
current experience
with business - a
lot or none, whether
you wish to have a
business working
from home or start
with an office,
there is no rival
for the potential of
income or grown in
any form in the
world today.
-
Low Initial
Monetary Outlay
or Business
Setup Costs....
-
Cost to start a
restaurant?...$100,000
to $1 million.
-
Cost to set up a
shop in a major
shopping
center?...Maybe
a little less
that the above.
-
Cost to start a
service business
from home, say a
carpenter?...all
you tools,
advertising and
insurance plus
many extras,
maybe $10,000 to
$20,000.
(2) How much to
start an online
business?
A
website (domain
name) and hosting -
Up to $100 dollars a
year.
However, if you have
no experience with
the Internet there
will be additional
costs such as
learning materials
and additional
software. All
up, you may spend
anywhere $1 thousand
to $5,000 dollars.
The fact is, the
experimentation and
implementation of an
online business or
web based business
is affordable for
the average working
person, something
that cannot be said
of traditional
businesses due to
the usual immense
start up costs.
Even the running
costs of an Internet
business are so
little compared to
traditional costs.
Then there are the
advertising and
marketing costs to
consider, much lower
than offline
business pays and
something that they
are even yet to
fully comprehend.
(3) The Ability to
Work On Your
Business Part
Time....
I've left this
section to the last.
Why? Because
of the
RISK.
Risk represents why
many people don't go
into business.
In most cases
building and
starting a business
means taking many
risks. A loan
may be required,
extensive experience
in your business
field, applying
yourself to the
business full time
without backup
income or another
job, putting on
employees and the
list goes on.
An Internet home
based business can
be started and
established while
still working a full
time job. It
therefore eliminates
risk from your daily
life.
The mortgage
payments, the kids
schooling, the
income to the house
and your current
lifestyle are in no
way threatened.
The business can be
worked on part time
from home, at the
point that it
establishes enough
income to live off;
your full time work
can be terminated.
If ever there was a
time where the
initial outlay in
terms of money, time
and risk to start a
business was the
least, now is that
time and the
Internet is the
platform.
No matter your
experience or
subject knowledge,
there is money and a
very good living to
be made online,
whether you are an
established business
owner, or wish to
build an Internet
home based business.
Will you be grabbing
your share today?
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