What are the most profitable home-based businesses?
That’s a question lots of people have, especially now, when so many
folks are looking for a way to supplement their income, fight the
rising costs of day care by staying home with their children, or have
found themselves unemployed.
Unfortunately, when the average person begins searching Google, article
sites or forums for answers, what most often happens is they are either
inundated with links and pitches to join “the most profitable home business
in the industry” (that’s poised to be “the next industry giant”), or told
that they “must have” a particular tool or system in order to be successful.
For those just venturing into the home based business industry for
the first time, trying to find the opportunity or business that’s right
for them can be a daunting task.
There are many solid companies with great products and commissions, but not
every company is right for every person. If they’re not careful, they could
easily respond to the emotional message of a skilled presenter, spend all
their money and yet find themselves no further ahead than when they started.
But you want to have a profitable home based business and you want some
answers. Honest answers to your questions; Where do I begin? What should
I look for? Is one company better than another? Should I pursue affiliate
marketing? What kinds of products are the “best ones” to sell? Etc...
My answer...Your home based business doesn’t begin with a product or a company.
It begins with YOU!
The most profitable home based business will likely be one based on
something that you love doing…something YOU’RE passionate about. And
given some thought, you’ll probably notice there’s more than one income
stream attached to it. Create multiple “cash registers” all around you…
that way, when one isn’t doing so hot, you’ll have the others to keep you going.
For instance, if you are passionate about a healthy life style, you
could blog about it and become the “go-to” person for information on
the topic. Then you could sell vitamins and weight loss products, sell
exercise programs, become an affiliate for tennis shoes, exercise clothing,
pedometers, etc. etc. A real business (think of a store in your town)
has more than one item on the shelf to insure as many income streams as
So start by asking yourself, “What do I really like to do?” Think,
“What do I (or would I) spend money on to do it?” and you’ll find income
streams. Take the time to brainstorm, and you’ll no doubt find many ways
to turn what you love into a profitable business.
Then do a Google search to find resources and training on that topic.
There’s also lots of free training on sites like YouTube and many
industry blogs and websites.
It bears mentioning again…you must be REALLY careful out there. Many
people are only after the money that’s in your pocket, which is why you’ll
find affiliate links and pitches to join deals peppered throughout the
answers you get to your questions. (sorry guys...I call ‘em as I see ‘em)
Remember…there is no “magic bullet” no matter how good it sounds.
YOU’RE the one that has to put in the time and the effort, even if you
have purchased a $3500 program.
PLUS…I’m an advocate of free and/or very low cost tools and training.
More on that another time.
You can get started in your home based business with a little self examination,
some homework and very little out of pocket expense.
Be careful out there…and good luck!!
For more articles like this one, visit my website. And remember to sign up for insider information while you're there.