This is the question most asked by just about everyone who is looking for change and to start a new business whether that is in internet marketiing or any other niche and success will relate to the prospective business owner’s mindset as much as anything else.If you want to break free from employment or “the day job” as it is often referred to, or you simply want more freedom in your life, then starting a home-based business is a great way to achieve these goals. Not only is a home-based business something that will create freedom, but it also has a lot of potential to become a great source of income with much less work in the long-run compared to the traditional employment route. Even the famous entrepreneurs such as Richard Branson agree and two of the greatest Billionaire Entrepreneurs Robert Kiyosaki, and Donald Trump have been famously quoted as saying: “If I had to do it all over again, rather than build an old style type of business, I would have started building a network marketing business.”LWhat are the success rates of a home based business?The statistics say it all.* 70% of home-based businesses will succeed in their first three-years, compared to 29% of other business ventures (Home-Based Business Institute)
* The annual revenue of the home based industry as a whole is estimated to be $427 billion (Entrepreneur Magazine).
* Approximately 40 % of all home-based businesses require less than $5,000 in start up costs
* Spare time turns into full-time for 50% of home based business ownersThe internet has opened up previously unexplored opportunities for people wanting to start a home based business whether that be a network marketing business or an internet marketing business. In fact any business that requires a presence online.What are the advantages?Freedom to work for yourself and not have to answer to someone else. Now if you work hard and build your business to the point where it can run on autopilot then you can have the freedom advantages that everyone talks about – the travel, the beach holidays, time with your family etc. You do however have to put the work in first. You are running a business now albeit for yourself!The Income potential. You won’t get rich overnight. In fact you might not get rich for a couple of years even but the best thing about having your own business is that you really have no limits as to how much you can earn. The reason being that your earning potential is directly related to the hours you put in at the beginning. If for example you put in 90 hours of work a week then you are going to reap the rewards and you will quickly realise it is directly related to your level of success.Scaleability. The great advantage is that you can scale your business to whatever level you want whether that is to work 20 hours per week or to achieve a full time income working 40 hours a week. You have the freedom to choose and if earning a six figure income is what you want then you can do it.The best entrepreneurs in the world are saying that there have never been more opportunities for creating wealth and doing what you love than right now!So, if working on the from home as an internet marketer is your passion then do your research and find a business that has a good reputation. Then employ/find a mentor who has achieved success with that business and is able to help you to do the same. It will make all the difference between failure and success.