Nowadays, you can get started with less than one thousand dollars. This will buy you your own website, millions of dollars in inventory, sales and marketing tools, and a team of experienced entrepreneurs working with you every step of the way to help you achieve all your goals in life.
You don’t even need a warehouse with receiving and shipping departments. All you really need is a computer and telephone which most people have anyway.
Initially, I looked at franchises and distributorships when deciding about another business. One of the problems I saw with these two models was the large amount of capital needed to start in most cases. Although the potential rewards were high, the risk was more than I wanted to subject myself to in the current state of the economy.
Another problem was the need for office or warehouse space. This meant I would have the added expense of paying rent and utilities.
Other shortcomings include the long hours it would take to succeed and the need to hire and manage employees.
These were all added expenses and headaches that I didn’t really want or need.
I wanted this to be my last business but it had to be something substantial that I could continue to work at as I got closer to retirement age and possibly beyond.
Then, I looked into home-based businesses. I had a friend tell me about network marketing. My initial thought was that it wasn’t for me. My friend, unbeknownst to me, had been very successful at it and thought I could be too. I took him up on it and decided to explore it further.
I was glad that I did. The investment was small. The return has been greater than any I could have achieved in any other business.
The low risk and high reward far outweighed any other business model.
From past experience I can tell you that it is important to pick the right home-based business. A good support team is crucial to your success. In network marketing, you will need a good upline of people that you can call for help and expertise. Make sure that you choose something that interests you. Do something that you will enjoy talking about and will be passionate about.
A number of really successful people have commented that this is a business structure that will thrive in the coming years as baby boomers get older.
Most boomers don’t have enough money saved for retirement. Also, many of them are losing their jobs or having their hours reduced. Some are just tired of the corporate world.
I get one other benefit from my home-based business. The ability to help other people reach their goals and dreams in life. Most people are either afraid to start their own business or don’t have enough capital to do so. They are afraid to go it alone. Choose the right team and you will never run your business alone.
A home-based business can be the path to financial freedom for anyone.