Dispelling the Myths Regarding a Home Based Business
ByThe biggest objection I hear when it comes to owning your own business is; I just don’t have time to do something on the side. You might have always thought this to be true but just consider this; that there are more people working from home than ever before and I can guarantee you that they don’t have any more hours in their day than you do.
So what if you could find a good enough reason why, wouldn’t now be the best time to get a fresh start on a new career path? Because, if you wait a year you are just going to be another year older and twice as frustrated.
Let’s consider how do we find the time, and how much time are we talking about? To branch off on a part-time basis, I think that 10 – 15 hours per week is a good target to shoot for. Most of us could find that amount of time by just turning off the TV.
I know what you are thinking…how am I going to get by without watching football or American Idol? Well, if you follow me through this next line of thinking, you will soon see why you can’t afford not to sacrifice some TV time if you want to make some real money.
So, how much money are we talking?
Let’s pick a target salary of say….200K per year. I think that this is a figure that most of us would consider a nice level of wealth. I choose the 200k amount because most would agree that 100k per year is a little tight to raise a family of 4 and save for college, a dream home, dream vacations and retirement, etc.
So, in order to reach the 200k level, let’s divide that by 365. Do you realize that you would have to make $548 per day to reach that goal and that’s provided that you never take a day off?
Realistically, let’s look at a five day work week, times 50 weeks out of the year. So there are now 250 days to work with and our new target has become $800 per day. Think of it this way, when you reach this point, your time is worth $100 per hour based on an eight hour day.
I can tell you that this is a level that is attainable and well worth shooting for because there are people I know who are doing it. But I can tell you for sure that they aren’t watching TV for three or four hours per day.
So let’s proceed under the assumption that it won’t be hard to find, and those extra 10 hours per week are available. And let’s also say that we can safely do it without risking our day job, at least for now. Would you be willing to suspend disbelief for the time being and come follow me into my world of internet marketing?
This is absolutely the best place I know for taking on a little risk to starting your own business. The reason being is that the normal barriers of entry are much lower than with traditional business.
There is little to no overhead or startup costs. The training is available online and at your own pace. There is no inventory to stock or ship. And you can carve out a lucrative niche just by training yourself in some new methods that I am about to help you with.
So, I would like to close by saying that I don’t know where you can look for a job that pays $4000 per week as an employee, but you can be sure that there are many entrepreneurs making that much and more in passive income.
So, what is passive income and how do I get some?
…Stay tuned.
1 Comments
October 31st, 2009 at 5:27 pm
Nice Site layout for your blog. I am looking forward to reading more from you.
Tom Humes