Charles Challis is the managing director of Applied Serendipity Ltd. He has spent the last 3 years and over $120,000/66,000 GBP researching and testing home businesses. The company website: http://www.home-business-consultant.com is a must-read for prospective home business entrepreneurs. Visit http://www.home-business-consultant.com to save your time and money.
Rating home based business income opportunities was one of the initial ideas that got me started on this 3 year journey. Now with several years' hindsight it is apparent that this may not necessarily serve new entrepreneurs best interests.
In this article, although the major income opportunities are outlined, I, nor anyone else, can predict if they will work for you. Also be aware that just because one opportunity worked for someone, at a certain point in time, this may have absolutely NOTHING whatsoever to do with any outcome you will experience.
Opportunity Knocked
Any decent business will produce an income - but only if it is run correctly. ALL home based business income opportunities are only as good as the person working them. This is not only my observation but also that of the business analysts Dun & Bradstreet. They place 88% of the success of any company, right at the feet of the management - in this case, you.
Below is a list of the major business opportunities advertised in a UK Sunday national paper. This does not mean to say they are the best, the worst, good or bad. This is just what is advertised.
The Main Home Based Business Income Opportunities As Advertised:
Property/real estate
* Rental properties
* Flipping
* Finder fees
* Land development
* House improvement
* Nothing down buying
* Levered buyout
Trading
* Spread betting
* Futures trading
* Forex trading
* Stock trading
Internet
* Blogging
* Web sales
* Outright sale of site
* Affiliate marketing
* Email marketing
* Paid membership
* Adsense & other advertising
* PPC marketing
* Co-registration
* Joint ventures
* Paid database information
Other
* Direct mail
* Direct response marketing
* Network marketing
* Sports arbitrage
One Wo/Man's Passion Is Another Wo/Man's Poison.
I have seen people make money with each of these, lose money with each of these, and break even with each of these. The secret to success is not because of any specific opportunity - though some are safer than others. The cold, hard - and unpalatable reality is that there is no secret - just plain old skill. If you are skilled in any of the above business categories you will make an income, if not you won't.
All home based business income opportunities should ALWAYS be weighed, assessed, considered and chosen in context with you and your characteristics, experiences, temperament and talent. It is difficult when you start looking at this industry to try and comb through the reams and reams of adverts, experts, eBooks, forums, blogs etc to try and figure out what would be the best for you. Hopefully this article may have saved you a little time.
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