I hear this question asked many times each week. I recently listened to an statement that was from the “Home Based Business Magazine Online” where they said It is estimated that nearly 70% of home based businesses will stay around and succeed for at least three and half years compared to 29% outside of the home based business ventures, for example a traditional offline business such as a store or a shop.
The higher success rate was due to the ability to be able to operate part time around a day job. This is a very important point.
Lets say that your are running an information product or education product from home, this has an advantage that where it allows you to let most of the technology work, the tracking, and with no packaging, it’s taken care of. It maybe a down loadable file such as audio, video or a PDF file made up as an e-book which also eliminates all of that administration whilst you can work to your own schedule.
This has a huge advantage, not only over a traditional job, but also over other businesses, as it allows you flexibility and free time. Oh and as I didn’t mention this, the others that work with me in my team all work from home too, which is awesome.
With major retail stores selling DVD’s and CD’s closing down daily around the globe, there’s one huge company who is thriving and is going to succeed in this economy, jamming their stores with people, buying Mac Books, iPods, iPhones and of course the new iPad.
Ther’e all buying these mainly to watch video, listen to audio files, download e-books.
The iPad alone sold over 300,000 in their first day of launch and one interesting point is they actually sold 250,000 copies of the e-book too on the day it opened.
With an estimated 100 million sales of the iPad this year, you can see where all of this is heading can’t you.
It’s a New Reality… Making money like in the past with old school ways is becoming increasingly more difficult.
We’re transitioning from a manual labor society to a knowledge society. People are paying for more knowledge and education than ever before on information and coaching. And it’s growing fast. e-books, advice, video, online education are all the trends and are currently the fastest growing industries in the world.
Home based businesses have more than double the chance of success in this economy than a traditional business, because it can flex around your schedule. An information business is what you can start right now with just a computer.
The bottom line is to…stop trying to make money in the past trends…it doesn’t work.
If you want to turn your knowledge into money you need to learn how to sell information products, education, advice and coaching by helping others from your knowledge, then you can market it online like so many others are doing very successfully.