There are hundreds of home-based business opportunities. Every 9 seconds, somebody new starts a home-based business – that’s 50,000 a week! You need to find an opportunity that best suits your goals and which can be highly profitable.
• Self-Employment or Stand-Alone Niche Business You
must offer either your own unique skills, perhaps as a consultant, or a
unique product or service that meets a unique customer need. You
can be very successful by filling an unmet need or niche, marketed over
But there are few such opportunities and you also need a
broad set of business skills to run your own business effectively. If
you possess such skills, then you can easily generate a six-figure
income for you and your family.
People who “go solo” tend to be “income
producers” who want to work for themselves rather than work for a
salary. They don’t want the burden of managing other people or the
running of a complex company. However, they tend to hit an income
ceiling that they can only rise above by expanding their business. In
that case, they become a “business builder” and would perhaps be better
to consider network marketing (below).
• Set up Shop on eBay or Amazon You can become an affiliate for online companies such as Amazon or eBay.
In Amazon’s case, you feed customers from your website to theirs,
earning a commission on any subsequent sales made by Amazon to those
On both Amazon and eBay you can also open your
own specialty niche online store or boutique that sells your own line of
However, the income opportunities as an affiliate are
limited and competition in the niche product market is fierce. So the
number of people earning sizable incomes on eBay and Amazon is small.
• Become a Retail Store Franchisee You could buy and manage a franchise outlet. Franchising
is big business and the best franchise opportunities require a lot of
upfront capital. The returns can be very high if you acquire a big
outlet, and you can become very wealthy. But a McDonald’s franchise can
cost $1 million for a single store. The market also is becoming
saturated in North America and growth is slow except for new franchise
Many new franchises require a smaller investment, but you
will need to work tirelessly for a relatively lower return. Still, if
you prefer a defined structure that will help you succeed in a business
about which you perhaps know little, then maybe franchising is just for
you. Established companies provide a proven model which, if you follow
it, should succeed. However, this is brick-and-mortar retailing, which
is being challenged by e-commerce.
• Network Marketing Network marketing is by far the best home-based business opportunity for the vast majority of people.
It offers a proven model that needs little or no capital, you can
decide how much time to invest, and yet you have a duplicable
franchise-like business that you can grow. Running a network marketing
e-business is not onerous. Start-up costs are low, you have no employees
to manage or pay, you have no inventory to manage, and no office
overhead – in fact the cost of your home office may be a tax deduction.
Network marketing is for “business builders” who see it as not just a
source of passive income (commissions) but as a vehicle for accumulating
true wealth. A true “business builder” will generate more income and
wealth than a passive income producer. They do this by leveraging the
time and energy of others on a team that focuses more on marketing and
business building than simply on sales. All you need is a laptop and a
Some of the world’s biggest corporations have used network marketing techniques.
Examples are MCI, Sprint, Colgate’s Princess House, Citicorp’s Primerica, and Gillette’s Jafra.
Today, the fastest-growing network marketer is GanoExcel, the healthy coffee company. This business is so brilliant and so easy to do, thatI became an Affiliate in GanoExcel in 2006 and it has far exceeded my expectations.
This is the only network marketing business that I endorse, and I encourage you to check it out. If you are interested in joining my Cafe Gano Team Biznet franchise as an Affiliate, please e-mail me at Cafe.Gano@Gmail.com
As it grows, network marketing will become a larger and larger part of the overall economy, particularly as more and more people become “prosumers” and buy their products and services online – often from their own family-owned e-business.