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The Top 5 Reasons to Start a Home-based Business in 2010

Jul 22nd 2010 at 7:04 PM


Let's face it.  Things aren't exactly sizzling out ther in the job market.  With unemployment skyrocketing and wages, bonuses, healthcare, and other compensation being axed by Employers, it is tough for ordinary, hard working Americans to make ends meet.  There are things that you can do during tough times to increase your income, though.  In the current economic climate, it is important that each of us look to building our financial foundation. Much like building a house, building a solid financial structure requires first laying down a strong foundation. One of the best ways to build that strong foundation is to start your own home business.  In fact, there are 5 very good reasons why you should start your own business today.


1. The Economy

The economy is a very powerful reason for starting your own home based business. The last couple of years have been a struggle for a lot of people. The economy has continued to be spiral in a downward direction and every day seems to bring more bad news. With unemployment in the double digits for the first time since 1983, the trade deficit growing as well as our national and personal debts, the signs are all pointing toward recession, if not depression.

The recession can be good news for home business owners, however. The reason for this is that more people are actively searching for ways to make more money. The Network Marketing Industry allows folks like you and me to keep their day job and still bring in extra money while working from home.



2. Being Your Own Boss

When you work for someone else, you are told when you have to be at work, how much your time and effort are worth, when you can take a break, when you can take a vacation. Not only that, but someone else, who may have an agenda that doesn’t match yours, decides if you are good enough to promote. This, however, is exactly what happens if you work for someone else.

When you are your own boss, you set your own hours, take vacations when you want and for as long as you want, and give yourself a raise anytime you like just by working a little harder. You can stay home with your family and spend more time with friends. Working for yourself means you create Time Freedom. Time Freedom means you are in control of your own schedule, which allows you to be more devoted to what is most important to you. The American Dream has always been to work for yourself!


3. Create Financial Security

Financial Security… It is what Rockefeller, Hearst, Vanderbilt, and a myriad of others had in common. These entrepreneurs created wealth during an economic downturn. While everyone else was looking for a handout or a bailout, they pulled themselves up by their bootstraps and created financial security. The same opportunity still exists today if you are willing to put in the time and effort. By choosing the right network marketing company  you can not only earn money now, but more importantly, you can create RESIDUAL INCOME that will pay you every month whether you work or not for 5...10...20 years or more.  This is the ultimate goal…to create financial security and RESIDUAL INCOME for yourself and for your family, as well.

Another valuable fact is that most network marketing businesses can be willed up to three generations. So as you are building your business and securing your financial future today but you are also creating a lasting legacy that will provide security for your family tomorrow.



4. Taxes

This is one of the most important aspects of a home business but often one of the most over looked. Did you know in the current tax code there are over 150 legitimate tax deductions for a home business owner  to take? That means you can deduct from your taxes almost every expense you have in building your business. All for just showing an intent to make a profit by working your business at least 15 hours a week.

This is a huge benefit, because you are not only making money for yourself, but lowering your taxes at the same time, which helps you get one step closer to financial freedom.



5. The Internet

In today’s world, the internet has made marketing your business to the masses easier than ever. You don’t need to be a computer technician to market your business online, because even a novice can learn how to market online with just a little effort. There are some excellent training programs out there that won’t cost you an arm and a leg (and the cost is tax deductible).

Most network marketing companies today have some way of marketing online though most people don’t take full advantage of it. You want to set yourself apart with SEO (Search Engine Optimization), Web 2.0 strategies and branding of yourself. This is one of the most important things to realize…you are not really selling a product, but selling yourself. You can easily learn these and other techniques by finding someone who is having success with internet marketing and use them as a mentor.

There are multiple ways that you can market your business for free on the internet. You don’t have to use all of them, but if you master just a few of them, you can earn a very good living with a minimum of effort.  One of the great things about internet marketing is that you don’t have to keep performing the same action over and over again to generate leads like some traditional marketing techniques. With internet marketing, your original effort is still working long after you do the initial work. So your efforts are being compounded as you continue to market online.


Do your own research and find a home based business that you can succeed in today!

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