Working from home. Is this trend going to continue?
In this economic climate there is a growing trend whereby more and more people are considering working from home. What are the motivations to work from home? What kind of business can one consider?
A phrase I have heard a while ago “Working for Profits is better than working for wages”, what a great statement, if one understands this then they are on they way to success and prosperity.
What is meant by this statement? For me it clearly means working for oneself, how else can one work for profits. However, if you take your wages, take out all your expenses what you are left with is a profit right? Some would call it disposal income, however, it can be misconstrued as being profit, you give a service you get paid for that service after you take out the expenses what is left is your profit, this is a simple analogy of you being a business even though you are working for a wage.
There are so many opportunities to work from home, these opportunities are based around the Internet. The major opportunities are based around MLM (Multi Level Marketing) or Network marketing.
These sound very lucrative as these businesses are all based around people recruiting people, the product varies, the success is based around your eagerness and passion for the product.
Although these opportunities are marketed as being part time, it is far from being part time, yes, you can start as part time but as you get more and more successful it is a full time job. The real difference is that as the money rolls in you dictate your working arrangements.
The other issue of this kind of business is how you get paid or as it is known in the business compensation terms, one has to make sure one understands these before embarking on such a venture.
As I mentioned above the key is people, you need to create a big list which includes your friends and family to begin with, then you rely on a network of people who you will recruit/sponsor, in my opinion your mindset will determine how successful you are and this is based on the network of people trusting you.
There are lots of sceptics out there, they will try to deter you from even trying. For most part it is not about the money but the person you need to become to achieve your dreams and desires.
For me the motivation is based on answering the following question what is your number 1 priority?
- Extra income
- More spare time
- Have own business
- Financial freedom
- Time with the family
- Personal Development
- Helping others
- Meeting new people
- Retirement
- Leaving a legacy
Most people will probably choose three or more from that list. All of the above are valid reasons to work for your self and from home.
These businesses are also marketed as being recession proof as you tend to have a passive or residual income, meaning you are always getting paid even when you sleep.
Based on the successes of a number of people in these types of business I think the trend will continue, people from all walks of life are looking to get away from the rat race, be their own boss dictate their working hours and looking for ways to earn extra money or money way in excess of their salaries whilst they pursue activities they always wanted to do, in some cases be like Richard Branson.
