Home-Based Business is a $427 Billion a year industry. That’s more than the pharmaceutical industry, food industry, and consumer goods industry combined! Because of the sheer numbers of people in business for themselves who are now working from home. The extremely low start-up costs, and flexible hours, and the internet are fueling the growth of the home business segment. As of 2005 as many as 150 Million people, in North America alone, enjoy the freedom and benefits of owning their own internet business.
An International Data Corporation (IDC) survey indicates that the average income for income-generating home office households is $63,000 a year.
“Many entrepreneurs start firms from their homes – and stay there,” states a November 2000 report from SBA’s Office of Advocacy. “This year, Increasingly, people use their home to earn a primary income, not only a secondary or supplementary income.”
Home-Based Businesses represent 52% of small firms and provide 10% of total receipts of the economy, about $314 Billion. Running and owning a Home-Based Business offers new owners a very inexpensive entry point. 40 to 44% of all Home-Based Businesses require less than $5,000 for start-up.
Home-Based Business firms tend to remain in the home. Less than 5% eventually move out the home.
Over half of all Home-Based Businesses survive five years and they are easy to start and restart as needs dictate.
The use of technology, the internet, etc, allows Home-Based Business to work in concert with other entities without the need for daily face-to-face interaction.
The Home-Based Business sector is growing in importance and diversity, and offers opportunities for entrepreneurs and at-home professionals in every demographic and ethnic group.
According to IDC, a premier global market intelligence research firm, there are between 34.3 million and 36.6 million home office households in the United States alone. These include income-generating home offices (18.8 million to 20.3 million) with the rest being made up of corporate telecommuter households.
Between 1999 and 2004, IDC predicted a 7.4% annual growth rate for households with income-generating home offices – almost seven times greater than the 1.1% growth rate forecast for all households. The growth rate for cooperate telecommuter households was predicated to grow by 4.8% per year during the same period. Those predictions have certainly come true.
According to The Success Factory International, “America is in the midst of an extraordinary workplace transformation … the Home-Based Business phenomenon shows no signs of slowing down.”
These facts are from 1998. Which means that these numbers are far Greater now than 13 Years ago. Don't you think it's about time for you to Join The Revolution.
It's Your Time Now To Make A Change In Your Life For The Better.
To Lean More On Starting Your Own Home-Based Business, Click Here!
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