Does earning $77 plus an hour sound appealing? How about the freedom to work remotely while helping others succeed?
Those are the perks of working from home, says Corey Lewis, a business owner who teaches others to create virtual home-based businesses.
It’s a great opportunity for moms and dads who want to work part time, Millennials who are just out of college, and anyone who wants to bring in real money while working from home.
You also need to have decent computer skills. Since all the work you perform as a virtual home-based business is done in a virtual environment, you must know how to communicate effectively and efficiently through technology, and feel comfortable using those tools.
What are the benefits of doing this kind of work?
Goodness, where do I begin? My favorite benefit is the freedom a home-based business affords.
As a virtual home-based business owner, you have the freedom to choose where you work, when you work and with whom you work.
Think about the power of being in control of these three factors in your professional life! The impact is tremendous and liberating.
My second favorite benefit is the income potential.
As a great internet marketer, you command great rates. Business owners value the service you provide and are willing to pay you for this value because of the results you help them achieve.
The third benefit is that the internet never sleeps and is always in demand.
Which means there are always people and companies hiring for these positions.
You mentioned income potential. What’s the going rate for internet marketing/home-based businesses?
The average full-time internet marketer earns about $65,766 per year, the U.S. Bureau of Labor Statistics reports. However, that is as an employee in a typical work setting. As a freelancer or contractor, you can actually earn a higher hourly rate while working fewer hours.
I teach my 14,000 subscribers that they should target at least $77 per hour as their goal. You must know how to provide true value to clients — that real-world problem-solving we talked about — to command this kind of income.
What tools do quality home-based business owner’s use nowadays?
At the heart of a home-based business toolbox is hosting. For example, the one we often recommend is Hostgator.com. We also encourage our students to use NameCheap.com for their domain name. These tools take care of the vast majority of tasks you need to perform great work as a home-based business. Other tools are basic and probably already available to you, such as a computer or laptop and a high-speed internet connection.
Say I wanted to start a home-based business online. What would my startup costs be?
This is one of the best aspects of a home-based business: low startup costs.
You can start your online business for less than $500, assuming you have a decent computer and basic internet connection.
The biggest part of the investment, both start-up and ongoing, is in yourself: learning! It’s in developing your own skills and becoming a real craftsman at the art of internet marketing.
As your home-based business grows, you’ll need to continue to invest in new technology and supplies. Again, however, you must continue to reinvest in your own learning never being satisfied with where you are in your learning.
This is the mark of a real professional. I’ve been doing this for more than 4 years and I spend — at a minimum — 40 hours per year learning new skills and improving existing ones.