When Can You Quit Your Day Job to Work Online From Home?

When Can You Quit Your Day Job to Work Online From Home?

Perhaps the most important piece of advice for starting an internet home business is this: Don’t expect to replace your day job’s income for 365 days (or so!). Although I will add that service-based businesses tend to bring in revenue faster, I would still allow for a full year to replace your outside-the-home salary.
The Good News About the Home Based Business Industry

As long as you are willing to put in the hours (days… weeks…. months….. ) to learn the ropes, you can bootstrap your business with extremely little money, generally speaking. Remember that some businesses take more to start than others. I’ve probably directly invested less than $3000 getting this blog up and running, and now revenue is increasing at about a 125-140% pace every month after being in business for 16 months. So, where do you start from here? Here are some general rules of thumb.
Internet-Based Business: Startup Rules

1. Pre-packaged programs only work as much as you can customize it and make it unique and your own. Even then, techniques that work for one niche won’t work in all niches.
2. Be wary of any “system” that promises instant results (especially anything that sounds like a get-rich-quick scheme!)
3. Knowing the basics of html, SEO (search engine optimization), social media marketing, website marketing and traditional marketing and sales are a must.
4. Every business is made stronger by specializing in a tight niche. Know your audience and stick to it.

Unless you have a brilliant tech idea that makes venture capitalists drool (which means you don’t need this list), you need to determine where your strengths are and which business model you plan on following. I have run three home-based businesses in my life, all of which leveraged my current skill set as the foundation for building the business. Look over the following list and single out the ones in which you have at least some experience. You probably won’t have all of the skills necessary, so don’t let that stop you! All you have to do is work hard and be willing to learn.ufo-java

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