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Online Home BusinessesBy: Sunil (Me!)
Online businesses are an option today that we never had heard about prior to the mid 90s. Truly, the internet has revolutionized the way we research, do business and even live. Think about it, how often do you go on the internet when you need something?
The revolution has created many opportunities for entrepreneurs, particularly ones that prefer working from home. For some, working from home is the only option. Then there are others like myself, who despite working in a high profile white collar corporate America position, are looking for something extra on the side.
Why? Because of growing job security concerns. You just never know what is coming today. In addition, I personally prefer being flexible and mobile. An online ďhomeĒ business allows me to take my business with me wherever I go. To me my lifestyle comes first, then my business plan or what I do to earn a living.
See many people get this completely wrong. They design their lives after their ďbusinessĒ or work. Well many donít have the option. Others simply donít prefer one way or another so I guess I canít really say they are wrong. What I can say though is that for me, online home businesses are the best way to go.
Now there are many kinds of online home businesses. If you are thinking Ebay or some other type of Ecommerce venture, let me tell you that it is not much different than having a brick and mortar store. The difference is that you are avoiding high sunk costs like rent and possibly warehousing. But at the end of the day you are still trading hours for dollars arenít you?
Now there are ways to make that efficient and it is still better than a traditional brick and mortar (in my opinion at least). But that said, the best types of online home businesses are ones where you are providing / selling information. Or one where you are marketing anotherís product or service. Or even one where you are paid to advertise for companies.
My first website venture was an Ecommerce website. I did very well with it. But at the end of the day it was trading hours for dollars. Still the same issues of warehousing, product sourcing, vendor/customer issues etc. I grew the business and sold it for a healthy profit.
Then I moved on to an information-based website. Here I created a website full of useful information on one particular subject. I still own and operate the website and have no plans on selling that one. I make money from Google Adsense, affiliate and referral marketing, displaying ads for companies and selling my own Eproducts on the website. I have even managed to build a solid sales force that markets and sells my products all for free! If you have any questions about that feel free to ask me.
Then I discovered a great online home business. Well it started as an experiment but I leveraged my knowledge about internet marketing and search engine optimization to create a business out of it. The website you are on right now is the product of that experiment. It has evolved into a hub that connects aspiring home based entrepreneurs to marketing and research companies who compensate in exchange for feedback and opinion.
Online home businesses have truly revolutionized the way we do things. Look at me. I never would have thought someone so well educated (masters degree from a top university) with multiple professional designations and licenses will ever consider such option. There is a position paying $300,000 a year in corporate America just waiting for me. But you know what? I will still be stressed and trading hours for dollars.
With my online businesses, I work when I want where I want. The business is very hard to build up but once you do, the checks just flow in and they donít stop. It is truly passive and residual in nature. Where can you find a Fortune 500 company that will pay you even when you are not working? I figured I will work hard either way, so why not work hard establishing my own online home business that will feed me for years to come?
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