Home Based Business – Making Online Income Work for You
Today, there is an emerging trend of people owning home-based businesses. As corporate downsizing continues in many parts of the world and the internet becoming more advanced, many entrepreneurs are finding it more beneficial to run their businesses at home. If you are the kind of person that loves to share more time with family and work at your own pace, a home-based business might just be for you!
Operating a successful home based business has never been easier. They are easy to manage, and you can usually manage to do the majority of the work when it suits you! With the right planning and ideas, you can earn good a very good income from the comfort of your home. Here are some of the easiest and best home based businesses that just about anyone can do to make a solid income while working from home. Even if you are still in school, you can earn a very good wage working online
This is one of the most popular and easiest home based businesses that you can do at home – or anywhere! There are many different types of online writers, from content writers to full-on academic writer. Content writers mainly deal with website content while academic writers work on academic essays and desertions.
Content writing is the easier option as it is more general knowledge and does not require much research. You simply get to write on what interests you. There is high demand for website content year-round and many people are making good money at it. You can advertise your services in social media or offer your services to web developers in your area. If it is difficult for you to find a stable client base, you can start off by working for sites that have already set a good base and receive constant requests. While sites like these provide a steady stream of work, they generally do not pay as much, because they take their cut for attracting the business. But one thing you can be sure of when working for such sites is constant work.
Academic writing is a bit more involved, and can require a great deal of research, but pays much better than content writing. You do have to be a proficient writer and understand your subject before attempting an Academic paper. You will also need to employ different citation styles such as MLA, APA, and Harvard. With academic writing, you can make as much as $30 per page.
Blogging is another way that you can make good make money online. Reviews, AdSense, or even affiliate marketing are great ways to turn your blog into a little money-maker! You can blog about topics that you enjoy and already know inside-and-out. One of the secretes to getting your name out there as a blogger is simply to provide high quality content and by letting the world know about it via Social Media.
When you work with subjects that you already know and love, your job as a blogger becomes easy. You will be able to come up with high quality content that your visitors will find useful, leading to increased traffic and consequently higher rankings. Rankings are important because advertisers decide on which sites they want to advertise on based on them. You might also attract the attention of people who ask you to help them market their products through your site; this is where you really start to generate some serious money online. With a great blog, you can generate hundreds, if not thousands from advertisements, affiliate marketing and product reviews.
Virtual Assistants, or VA’s, have become very popular over the last few years. With the release of Tim Ferriss’ book in 2007, The Four-Hour Work Week, Virtual Assistants became a mainstream profession.
As a Virtual Assistant, you will generally be required to do basic tasks for your clients. These tasks may include:
- Data Entry
- Customer Service
- Answering Email
- Basic Website Management
- Monitoring Stock Levels on E-Commerce Sites
The Biggest Advantage to being a VA is that you can provide all of these services from the comfort of your own home. Virtual assistants are also growing in popularity with many firms looking to cut costs on their various administrative expenditures. If you have some administrative background then this can be good for you. You can even work for yourself or choose to work with various organizations that employ virtual assistants online.
Do you love programming? Are you interested in creating software solutions to solve real world problems? Well, then, you are in luck!
Many opportunities exist for you if you have programming skills. Many business owners prefer to outsource their software needs to independent contractors because it is a much cheaper option. You can take advantage of this demand to fulfil the existing business needs while earning a decent income. You can conduct all aspects of your software development business online quite easily.
Is Photography one of your hobbies? Why don’t you turn that hobby into a full-time paying job? Photographers can earn a steady income online by selling photos to stock photo sites.
Stock photo sites allow users to browse near unlimited libraries of photographs. When they find one that they want to use, they pay a fee to use that photo. Every time someone pays for one of your photographs, you earn a commission.
The more photos you have, the more money you make. This is a fantastic passive income stream, and can really start to generate some serious cash over time.
Now that we have had a look at several great ideas for ways you can earn money at home working online, let’s go over some of the advantages of doing so:
Enjoy Personal Freedom
Spending hours driving back and forth in traffic going to work is no fun. Just think of all of the wasted time you spend commuting, when instead you could be spending it on things that matter, like friends and family.
When you work from home, there are no silly dress codes to follow, no supervisors or managers who are always on your case, and office politics are a thing of the past! With a little time management, discipline and motivation, you can live a more balanced life in the company of family and friends. Being your own boss also gives you that extra drive to make more money and build a solid business.
There is a simple rule: The harder that you work in life – the more you make.
Unfortunately, that just isn’t the way that the world works. Reality is much harsher. You work too many hours for a boss you can’t stand and with a bunch of people who you don’t like. You don’t get enough time off work and your pay raises are never enough.
But when you work for yourself, all of that changes! You actually do make more money the harder you work. You can choose when and where you work from. There are no longer endless hours stuck in traffic every week. No Bosses – No more in-office politics.
This all translates to two things – more time to do the things you want, and less costs. After all – how much money would you save on gas alone if you did not have to drive to work 5 days a week?
It also means that you are able to quickly set up new business ventures and try different ways to make money.You also do not have the traditional fixed expenses such as renting a space, telephone, internet, furniture and other fixed costs.
Working for You is SAFE!
It seems like every day when you read the paper there is another big corporation that is closing down and laying off all of their employees. When you own your own home-based business, this is no longer a concern. You are your boss, and you work for yourself.
Plenty of Options to Learn!
One of the great things about the home based business industry is that it is filled with helpful individuals who are giving of their knowledge. Take Australian network marketing Holly Nunan for example, she outwardly shares all her insider tips on her blog. It’s free information that you can plug right into and there are literally hundreds of people just like her in the industry.
One of the most important reasons to work for yourself are the Tax Advantages. You can generally deduct a large portion of your expenses as business expenses when you work from home, as well as a portion of your internet and telephone costs. The most important suggestion I can give anyone who works from home is this: Find a good accountant. They will save you thousands!
There are many other deductions that you will generally qualify for, but as the tax laws change from state to state, I strongly suggest seeking advice from an accountant as soon as possible. They can give you a very clear understanding about what you can deduct as an expense, and what you cannot.
Increased Profits by Reducing Productivity
Since you have eliminated the time and energy used during commuting to and from the office, you have abundant time to make your business a success. The demands of work and family can be very stressful if you are working in a normal office environment. Since you are able to balance between family and work with a home business, the stresses are less and this translates to more productivity. Being your own boss also means you get to wear many hats: director, marketing professional, strategist expert, manager and much more. This gives you the insight and motivation to experience all fields relating to your business.
While the benefits are many, launching a home business enables you to stretch yourself capacity and give birth to passions and hobbies you never knew you had. The advantages outweigh the disadvantages and running a home business is less risky.