Did you know that more than 1,000,000 Australians work from home? According to a recent article by BRW magazine (February 2010), there are approximately 700,000 home businesses in Australia. If you’re considering a home online business opportunity, you’ll realise that you are amongst a huge group of home entrepreneurs who have decided to seize the advantages of working at home. The number of individuals working from home or operating a home business establishes one thing: people need more freedom, less commute, more control, more disposable income, and more time with their family, and working from home can be the solution.
Small home business opportunities online typically offer a great income potential. The interesting reality regarding the actual profits generated by home business owners is that there can be a huge gap between low- and high-income earners. While many don’t make over 40,000 dollars per year, the number of business owners making a greater income diminishes as revenue goes up. However, even more astonishing is the actual fact that about the identical proportion of individuals make 40,000-60,000 and over 500,000 per year (that is, just over 10% each in the whole spectrum). The other 80% earns less or somewhere in the middle, and the average is somewhere around 220,000 per year.
Running a home business can present challenges, for instance isolation, difficulty to divide work and personal life, having too many decisions to make, and being distracted. Interestingly though, more than 45% surveyed people working from home felt that they had a better work-life balance, as opposed to 5% who found it difficult to separate their work and private life. In addition, most of the surveyed individuals didn’t feel isolation was an issue they personally experienced, in particular those in contact with large consumer bases. There are currently countless opportunities to network with team members or partners and get in touch with more customers online, which makes isolation a personal choice rather than a hardship. When choosing a home business opportunity, one should take into account the income potential and personal income goal, building networks and working with partners, and separating personal and professional commitments.
