All over the world, more and more entrepreneurs are discovering the benefits of starting an online business out of their homes. It is the right decision for people who want to get out of the rat race and spend more time with their family and friends. Here are nine reasons to to start an online business from your home:--
(a) Freedom -- The biggest advantage of an online homebased business is personal freedom. Research shows that an average American spends 348 hours each year commuting. As you do not have to go to office every day, this time is saved. There is no fixed work schedule, no dress code and no boss.
(b) As many functions of your online business can be automated, you can start an online homebased business while maintaining your 9 to 5 job.
(c) An online business enables you to keep all the money which you make. Your earnings are directly proportional to your work. But in a job, you have to wait for a raise or promotion.
(d) When running an online business from your home, you do not have to keep stock of goods or need a separate office space. You only need a computer and internet access.
(e) The investment required to start an online business is much less than that of a conventional offline business. Actually, for starting an online business, you only have to pay for domain and hosting.
(f) You do not have to worry about competition. As the number of online shoppers are increasing daily, the supply of prospects and customers will be plenty.
(g) It is very easy to expand your online business. If you want to increase your product range or branch into other niches, start another website in that niche and promote those products.
(h) An online business will make you money 24/7. Your site will earn for you even when you are sleeping or enjoying a vacation.
(i) Having your home and office under one roof, you will enjoy certain tax benefits. For example, a percentage of your home's maintenance and depreciation expenses can be deducted as business expense.
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