3 Pillars of a Solid Home Based Business
Filed Under: Freelancing
In this modern era, it is almost impossible to maintain a decent standard of living on one paycheck. In a family where children are involved, it is not always possible for both dad and mom to have a 9-5 job. Daycare expenses, the need for a second car, and too much time away from the children are some common problems. This however is the exact situation that a Home Based Business works to its greatest advantage.
Home Based Businesses are great and can be extremely profitable. Without the proper knowledge and understanding, you can waste a lot of time and/or money.Advertisement
This article was written to give the average person like you and me, a practical guideline to getting started in a home based business.
My experience has shown me that there are 3 main pillars, principles or guidelines of a solid home based business.
Pillar 1: Minimal start up cost.
A home based business that has a high start up cost will take longer to see a profit, and as I said earlier, time is one of the things we are trying to cut down on.
Minimal cost will also make the home based business more assessable to a larger amount of families or individuals who are just starting out.
Pillar 2: Easy to set up and maintain.
The more complicated your home business project, no matter what it is, the more likely you are to give up out of sheer frustration before you see a profit.
A business that is easy to set up and maintain will give you confidence and a sense of accomplishment as you complete each step in the process.
Let’s face it if you enjoyed wasting a lot of time and effort maintaining a home based business you would not be reading this article.
This is about freeing you to spend time with your family and doing the things you love. It’s not to creating another taskmaster to replace your job! The first two pillars of a solid home based business are necessary for the third to occur.Advertisement
Pillar 3: Quick return on investment. (ROI)
You can spend months building a home based business. It may not generate any real profit in a reasonable amount of time, many people may get discouraged and give up.
Depending on the type of home based business some people have had a decent ROI within days. Some businesses that deal with affiliate marketing and sales can see profit as early as 30 minutes from startup!
You may be thinking to yourself “that’s too simple or easy!” Let me say that within these 3 pillars there is plenty of detail to keep an eye on.
The business that you choose to start should definitely be something that interests you.
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