So what is the difference between a Home Based Business (or opportunity) and a home based job? This is something many of us ask as we enter the early stages of looking for something to do from home.
The biggest question and I’m sure many of you have either wondered at some point if you are in the searching process, or heard it if you are already in the industry is: “why do I have to pay for a job?” You don’t!
A home based business is different to a job in many ways. There are unfortunately many scams out there, so the more knowledgeable you are going into your search, the less painful it will be for you.
Home Based Business:
This is something you own; it is yours to work as you choose. In most cases, you will pay a small fee to buy into the business, and take advantage of an established company, business plan and tools that are already conveniently in place for you.
Many charge a start up fee or a minimal monthly fee to maintain these tools, also known as your monthly overhead, which every business owner would come expect. As a business Owner, you will have the flexibility to work a schedule that is convenient for you, and you will be free to earn as much money as you want provided you put in the required effort.
Many people have the misconception that when you work from home, you can put in just an hour or two of work and make a full time income. In reality, this is what you are striving for, but it takes time and effort to get there. The benefits are being able to work your own schedule, not having to answer to anyone but yourself, decided when you want to take time off, how much money you want to earn and how secure your career will be in the future….no-one else can decide this for you when you own your business.
Most home based businesses work on a commission basis, so it is wise to have money set aside, or as in many cases, to start your home business part time and keep your job until you build up a steady income. Often, home based businesses offer a residual income program, so once you build up the business, you will continue to receive a paycheck, even on the days you don’t work.
A Home based J-O-B:
This is where you work for someone else as an employee. It is becoming increasingly popular for companies to employ people to work from home, however, you will still have a boss, a pre-determined income and a set amount of hours or schedule per week.
In many cases, the environment has to be completely quiet at certain times to take calls, so it is not always feasible if you have children around; you may still have some form of childcare expense. Often you will be required to invest in a second business line or a good set of headphones.
You may be eligible for a raise each year, but as in any job, it will be determined by your employer not you. If people are not looking to invest in a business, then they are most likely looking for a home based job not a home based opportunity. Entrepreneurialism is after all, not for everyone!
If you decide a home based job is for you, there are some good legitimate websites out there, but scams still slip through the cracks. Rule of thumb is to remember; you should never have to pay an employer any kind of money for a job.
Once the decision has been made to start a home based business, there are many factors to consider before deciding upon a company. What are your interests? What are you passionate about? Do you believe in the service or product? How long has the company been in business?
These are just a few of the questions you should be asking yourself. You want to find something that you can get excited about and that you believe in. These are important questions and will ultimately determine your success with your company, product or service.
Julie Nichols Lawrence
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