Many people comparing the benefits of running an online income business from home to a regular job will tell you that you will have the kind of freedom that a regular job doesn’t allow. While this is great, it really is impossible to accurately measure between the two.
By early 2010, the unemployment rate had risen sharply, with some reports even claiming that as many as 9 million jobs in the US alone would not be restored when the economy improves.
Traditionally, the advice given to most high school teens was to stay in school, graduate and get a professional degree if they wanted to be successful in life. Unfortunately, this advice is no longer valid when you look at the amount of money the average family spends in a year.
For starters, you’ll be working for about 4 months just to cover your taxes, so for every 8 hours you work, 3 hours of pay will go to the tax man. Even in the depth of the recession, the average worker spends most of $1.25 for every $1 earned. If you consider that raising a child from birth to 17 years old costs around $250,000, this after the normal expenses of daily living becomes pretty scary.
This is exactly why so many people are considering starting their own online business from home. Globally, more and more people are working from home and in the United States alone there are close to 36.6 million home offices. Combined, these work-from-home jobs generate revenue in the region of $427 billion. This is more than the pharmaceutical, medical, and hospitality industries generate when added together.
It is estimated that more than 50% of businesses started each year will be online income businesses managed from home. Another point is that these online businesses have a pretty high success rate over a period of time.
Starting an online business from home is not ideal for everyone, but it is something worth considering when looking at the statistics. Working a regular job and considering the state of the economy and the normal living expenses that an average family has, then a small online income earning business may be a viable proposition.
A small home business can be a good source of additional income or, over time, can completely replace income from a regular job. However, you should keep in mind that it takes a certain type of person to run a successful home-based business. You need to be motivated and self-disciplined to make it work. If you think an online income business from home is an option for you in the future, check out the statistics, as they are certainly in your favor.