John McRae | biloxi0625

Is A Internet Home Business Really a Good Idea?

Aug 15th 2010 at 11:41 AM
When most people compare the benefits of the many work from home opportunities against a traditional job, they often mention benefits such as more free time or more freedom. While these are excellent benefits, rarely do they make a more statistically measurable look at the two. In early 2010, the national unemployment rate is barely below 10%, however the estimated "real" unemployment rate is almost double that. Additionally, some reports estimate that as many as 9 million jobs that once existed will not come back, even when the economy turns around.

The traditional advice to most teenagers and young adults sounds like this, "stay in school, get a college degree, and you will have a much better chance of succeeding". However, this is no longer entirely true. Here are some statistics that may help add some perspective on how much money the "typical" family may spend over the course of a year.

It is estimated the average person will work for more than 4 months to earn enough money to pay their taxes. Think of it this way, for every 8 hour work day, 3 hours of pay will go directly to taxes. If you make $50,000 a year, then you will carry a tax liability of around $18,000. Even in the middle of the economic recession, the average American spent nearly $1.25 for every $1 that they earned.

Here are some additional costs the average family will have EVERY year - $7,000 for childcare, $1,200 in gas, $4,000 eating out, $500 for car insurance, and much more. In total, it will now cost nearly $250,000 to raise a child until they are 17.

With so many expenses, it is no surprise that many people are starting look into finding ways to earn extra cash from home . In the United States, every year there are nearly 36.6 million home offices households. Combined, these households generate $427 billion of revenue. To put this in perspective, $427 billion is more than the drug industry, medical industry, and hospitality industry generate in combination. Additionally, Internet home businesses often have comparatively high success rates over the long run.

Here are some statistics about work from home opportunities that might surprise you.

The Small Business Association estimated that more than 50% of all businesses that will be started every year are home based/online businesses. Of these startups, more than 70% will still be in business after 3 years. Less than 30% of all traditional business venture startups will still be around after 3 years. Households that have more than $80,000 in total income have an 89% chance of having a home office, whereas only 14% of households with $25,000 have a home office. Home based businesses and online businesses create nearly 8,500 jobs every day.

While starting a Internet Home Business isn't for everyone, it does seem to be an excellent idea when looking to earn extra cash from home. The economy and "normal" expenses can make life extremely difficult for the average family. Work from home opportunities are not only an excellent way to earn extra cash from home, or as a complete income replacement, they also have a high probability of long term success. It is important to keep in mind that it takes a certain type of person to successfully run a Internet home business, if you think that a home based business may be a possible option for your future, the numbers are in your favor.

 

 

About the Author

John McRae is the owner of The Internet Home Business Help Center and researches methods to Earn Extra Cash From Home

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