Home based businesses have several advantages. Perhaps the most important one of them is financial freedom. It can help you gain control over your life. There is no boss to follow; you are your own boss and you act according to your will. You have to use this to your advantage and motivate yourself to work, as there will be no boss to order you to work on a specific task, or stick to deadlines. Here are some home based business models that you can consider. Every model has been tested and it works. It's probably best to pick one model of business and stick to it.
Affiliate marketing - This might be the number one option for a lucrative home based business. The advantage of this method is that you get to build your marketing skills, which you can make use of in any other business. You get profit for promoting products online. The profit that you can make depends on how much sales you are able to make. A good place to start would be ClickBank.
Sell products online - Use business auction sites like eBay to your advantage. You don't need a huge budget to get started. You can start by selling scrap (toys, dolls, any collectible) that you rarely use in your house. Alternately, you can also sell e-books, music, artwork etc that you have product rights or resale rights.
Sell your skills online through webinars - There is great demand for tutoring nowadays, due to the lack of teaching skills. If you are good in a particular filed, say a programming language like Java, you could sell your knowledge. Tutor those who need assistance and get paid on an hourly basis. Tutors typically make at least 10$ an hour.
Freelancing - This is another great way to sell your talent and skill online. There are a ton of Freelancing sites like Freelancer, oDesk and Elance, to mention a few. Work on a specific field; say admin support or content writing in these sites. Many organizations or website owners are in need of such services and they post jobs on these freelancing websites. You could earn up to $1000 per month, or more depending on how much work you put it and your ability to win the bid for yourself.
Blogging - Blogging can be a very rewarding experience. You don't need virtually any investment. You could start a blog with one of many free providers such as blogger from Google. Write about something what you love and what people are searching for. You will start attracting traffic and you can monetize this through ad networks such as Google AdSense, Infolinks etc. There is no limit on how much money you can make. There are people who earn a six figure salary from blogging. So, consider this seriously. Pick one of the business models mentioned above, get serious and start your lucrative home business.
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