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FAQ for Serious Home Based Business Opportunities

Mar 10, 2008
If you have read books like "Rich Dad Poor Dad" by Robert Kiyosaki or "Multiple Streams Of Income" by Robert Allen, you will have learned that it is no longer secure to have just one source of income.

The fact is the majority of the people only have one source of income from their day job. This is rather dangerous as jobs are no longer as secure as they appear. People can easily lose their jobs whenever they are any changes in companies or the economy. Furthermore, life is unpredictable and we never know if something is going to happen to us.

By reading this article, I assume that you do know the importance of having multiple streams of income. Well, a serious home based business opportunity will be able to generate multiple stream of income for you. In this article, we shall go through several FAQ for home business opportunities.

1) Is a serious home based business opportunity suitable for me?

Well, a serious home based business opportunity is suitable for everyone but not everyone is suitable for a serious home based business opportunity. I am not trying to confuse you. Here is why:

A serious home business is suitable for anyone as long as you have the discipline and persistence to carry out your day to day task. It is also important to have a realistic expectation. It may be possible that you will not have any profit in the first few months. Having a realistic expectation will help to ensure that you do not give up when things do not go as expected.

Having a plan is also crucial. Without a plan, you may end up spending the whole day surfing the web. At the end of the day, you end up wondering why you have not done anything much.

There are several reasons why I say not everyone is suitable for a serious home based business opportunity. Firstly, not everyone has realistic expectation. While visiting business forums, I have seen people complaining that they have not made any money after only 2 months. They are treating their business like a get rich quick scheme.

Secondly, most people do not have a plan. Well, if you do not know what you want, how are you going to achieve what you want?

2) How much does it cost to start a home based business?

There are people who say that you do not need any money to start a home based business on the internet. Well, if you are using bum marketing method, it is possible to make money without any up front investment. However, it is always a good idea to pay for web hosting as well as a small sum of money to advertise your business. $500 will be a good start.

However, even if you do not intent to spend any money, you will still need to put food on your table. Therefore, if you want to plunge into your home based business on a full time basis, you should at least ensure that you are financially stable for at least 6 months.

3) How can I finance my home based business?

Invest part of your profit. (Assuming you are already making a profit) Alternatively, find a job. Remember, the good thing about a home based business is that you can work on it on a part time basis.

Alternatively, you can be a freelancer. You can easily find a free lance job at places like Rent a Coder, Elance and many other free lance websites.
About the Author
Lubano Lim is a Netpreneur who enjoy marketing on the Internet.

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