Advantages Of Home Based Online Businesses??

Re: Advantages Of Home Based Online Businesses??

Hi

Here are some tips

# Increased opportunity. With so many corporations and industries in a slump, starting your own home-based enterprise means you can create your own income-producing opportunities. Good job prospects can be scarce in some industries, and promotional opportunities within major companies are also shrinking.
# Less risk. Running a business from home takes much less startup cash than a freestanding business, or even a franchise location. And once your business is up and running, it's cheaper and easier to maintain than a separate business location.
# Tax advantages. There are a number of tax advantages to having your home and office under one roof. You can deduct a part of your home's operating and depreciation expenses on your home as business expenses. This can be a percentage of your mortgage, property taxes, insurance, utilities, and/or the expenses of household maintenance.
# More time for friends and family. This is especially important for parents of school-age children: you can see the kids off to school and on most days be home when they return. Also, if someone is sick, it's easier to leave your home's desk than one in someone else's office.

Thanks
Have a nice time ahead

Re: Advantages Of Home Based Online Businesses??

7 Advantages Of Home Based Online Businesses

1. Very small start-up costs: You can save on the real estate mortgage/lease and staff in addition to huge marketing costs unlike the offline home based businesses. Most small home based online businesses are managed by less than 5 people. This is the most suitable business category for a start-up.

2. Very quick set-up and start: As soon as you get your website launched, you can have your home based business started. No long waiting periods, spending large amounts of money or getting loans. 3. Greater reach online: Your home based business website announces to the world your services/products and penetrates your markets. Also regular updating of your home based business website doesn’t incur extra costs, unlike offline advertising. More traffic brings more business. You don’t have to worry about conversion rates (ROI) as as your business grows organically.

4. No or low expenses: Apart from web hosting monthly payment, there is hardly any additional expense to buy or sell online. Your customers see, check, compare your/competitors’ products & order and pay online. Isn’t that great! You can either keep the benefits for yourself or pass them on to your customers. You couldn’t possibly do this in an offline business. An online home based business also incurs the lowest transaction fees compared to offline transaction fees.

5. Be your own boss and keep what you earn: As an owner of home based online business you choose what to sell and when to work. Take a day off when you want to..when you have a home based business, you don’t really have to answer to anyone. All this while your home based online business continues to work for you. With the great reach that an online business has, you will earn more than you ever thought possible as opposed to what you would get as a salaried employee (isn’t that secretly what you always thought was less than you are really worth?) With a home based business, your hard work and long hours will directly benefit you, rather than increasing profits for someone else.

6. No commuting: No commuting at all, if you have a home based business. Save on gas, time and have more family time. There are also tax deductions available if you have a home based business.

7. One business multiplies as many: This is something you can’t do with an offline business. Suppose your online home based business is selling greeting cards. You can double up as advertiser for Google and Yahoo sponsored ads. You can have partnerships with any number of companies. Additionally, you can also join affiliate business programs. Your side income will grow while you concentrate on your main core home based business.

Re: Advantages Of Home Based Online Businesses??

The first thing you must do, however, is some basic market research. Find out for yourself, first-hand, just how many people there are in your area who are interested in your proposed product or service, and would be "willing to stand in line and pay money for it." This is known as defining your market and pinpointing your customers. If after checking around, talking about your idea with a whole lot of people over a period of one to three months, you get the idea that these people would be paying customers, your next effort should be directed toward the "detailing" of your business plan. The more precise and detailed your plan - covering all the bases relating to how you'll do everything that needs to be done - the easier it's going to be for you to attain success. Such a plan should show your start-up investment needs, your advertising plan, your production costs and procedures, your sales program, and how your time will be allocated. Too often, enthusiastic and ambitious entrepreneurs jump in on an extra income project and suddenly find that the costs are beyond their abilities, and the time requirements more than they can meet. It pays to lay it all out on paper before you get involved, and the clearer you can "see" everything before you start, the better your chances for success.

Thanks

Re: Advantages Of Home Based Online Businesses??

Hi

here are lots of advantages to having a home-based business. You hear a lot of talk about working in your bathrobe, no commutes, and better quality family time. But one very important advantage that is sometimes overlooked is low overhead. Low overhead is very advantageous and becomes even more important during difficult economic times.

Overhead items that most business have - such as building rent, office furnishings, equipment leases, payroll, and inventory - don't usually exist with a home based business. During difficult economic times, most businesses have to look to pare down these overhead expenses somehow to stay afloat. Home based business on the other hand, are lean by nature and don't have these types of expenses dragging down their bottom line.

Thanks

Re: Advantages Of Home Based Online Businesses??

Hello Friends

Advantages:
* Can be very cheap start up costs (domain $8, hosting $10) when compared to other business such as owning a shop, for example a pizza takeaway has to buy ovens, ingredients etc..
* You can run your business from anywhere
* Low overheads (hosting and maybe staff costs)
* The internet is still a open market, lots of opportunities for new business models exist.

Thank you
samual

Re: Advantages Of Home Based Online Businesses??

Advantages
· Address domestic responsibility: I would be free to care for children, parents, and
household duties.
· Control over work hours: If I don't feel that I have time in my life for another client, I
can say no. I can cut back during the summers, and work longer hours during the
school year.
· Convenience: I would have all the aspects of my life - work, family, social -
consolidated in one place.
· Decreased commuting time: I'd be able to really use the time I now spend traveling
from home to work and back.
· Flexible hours and pace: If I wanted to put in my hours late at night or early in the
morning, I'd be able to do it.
· Independence: I'd not only be my own boss, I'd be my own landlord.
· Lack of workplace distractions: It seems like I spend half my days chatting with other
workers - I could take back that time for working, and earning money.
· Low overhead expenses: I'm already paying for the space I live in and the utilities I
use; why not make the most of it?
· Tax advantages: The government offers tax breaks for business use of the home: I
could use a tax break.