Benefits of Home Based Businesses

By Tom Hua

It's a shame how many people automatically assume that home based businesses are nothing more than cute hobbies that might earn a few extra dollars on the side. Lots of people think that people who run businesses at home are just stay-at-home mums trying to earn a few bucks or those who just don't want to go out to work.

The reality is far different.

The number of home-based businesses that go on to become multi-million dollar corporations is staggering. Did you know that Jeff Bezos created and ran Amazon from his garage at first?

Aside from this, there are many more successful, profitable businesses operating from home than most people realize. This is largely thanks to the Internet. Home-based business owners who are savvy enough to use the Internet to their advantage are able to grow their businesses into very profitable enterprises.

Why Run a Home Based Business Online?

The ability to promote and market a business online allows even small businesses to extend their customer-base far wider than a traditional store is capable of doing. You have the advantage of reaching out and connecting with far more people online than you could in person or by any other form of media, such as TV or radio.

There are also the cost savings involved. Running a business from a store or from an office requires you to pay rent on your business premises. You also need to pay utilities bills to keep everything running, along with paying staff to keep the store operating.

When you create your business so that it operates online, you effectively cut all those costs. Your website does all your promotion and pre-selling. It accepts orders for you and processes any payments. It never sleeps and never takes sick-days. It's the ideal employee.

Of course, one of the most fun reasons to think about home-based businesses is that you don't need to commute in order to earn money. There's no need to sit in rush-hour traffic for a couple of hours each day to get to the office. This is time you can spend working on your business right from the comfort of your own home.

You're not paying for fuel to get you to work and you're not spending money on uniforms or work clothing. These cost savings are far better spent improving and expanding your home based business instead.

Should You Work from Home?

While working from home is the ideal dream for many people, there is still an element of discipline required. You really do still need to spend time working on your business and finding ways to keep sales steady. You do need to ensure that your customer correspondence is prompt and that you're available in case any issues arise. You do need the discipline to get your work done each day and avoid distractions, even if you're working at home.

Home-based businesses really do have the capacity to become profitable enterprises. The key is to ensure you set it up correctly to minimize the time you need to spend on it and maximize the profits it makes.

This information is from Tom Hua Co-founder of the World Internet Summit - the worlds biggest internet business event.

If you would like to hear more from Tom and participate in his free online video training series and be trained in how you can create your own internet business from scratch - even if you're a beginner - visit http://www.tomhuaarticles.com.

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