People are extremely nervous about the economy and rightly so. The recent spike in oil prices, while short lived, wreaked havoc on the economy. Prices of goods and services have skyrocketed along with new unemployment claims. Naturally, people start to look for around for ways way to protect themselves from economic turmoil, either by getting a second job (good luck with that one) or creating a job for themselves by starting their own business Getting a second job in a down economy can be a daunting task and may be difficult to fit into the day for many people. Basically this is an unattractive choice to make. More and more, the entrepreneurial spirit is taking over and people are starting their own home businesses.
This trend may surprise a great many people who would ask 'Is now a good time to start a business? Isn't that risky?' Yes, starting a business is risky. Doing nothing is risky. Getting a second job can be risky to your health (stress, fatigue). There is a level of risk in everything that we do and we make decisions based on how much and what kind of risk we are willing to take. If someone has a burning desire to become an entrepreneur, then he is willing to accept that level of risk. In fact, the definition of Entrepreneur is one who assumes the risk of business. The benefit for assuming that risk, however, is the potential to make more money than you would otherwise make at a JOB. There is always a risk and reward ratio; the greater the risk, the greater the potential reward. The trick is to lower the risk while maintaining the reward. The internet makes this possible on many levels.
Believe it or not, the internet is still in its infancy. Hard to believe but it is growing at an astonishing rate. The computer has become the one tool for news, information, research, entertainment and business opportunity. Think about it. Where do you go to look for something? Why are you reading this? You are doing research about starting a home business. That's good. You're doing your due diligence. The internet is a hot bed for business opportunity seekers during good economic times. Entrepreneurs are always on the look out for another stream of income and the next BIG THING. That's a constant in this equation. Bad economic times can awaken the entrepreneurial spirit in those who wouldn't even consider it otherwise. So yes, it is a good time to start a home business, but how?
There are several factors that need to be considered when trying to decide what business opportunity will be right for you and they are of equal importance. What is going to have the greatest impact on your home business is how you market...YOURSELF. That's right, how you market yourself is more important than how you market your business. Good opportunities with good products and good pay plans are a dime a dozen and the one you choose will have thousands of affiliates already working the business. So how will you stand out? By developing and marketing your PERSONAL BRAND.
The key to your success will not be in the business opportunity that you choose, but in the MENTOR you choose to teach you how to market yourself. Once you have acquired this skill set you will have created a new career for yourself and will be able to create multiple streams of income for as long as you desire to do so. Choose your mentor wisely for he or she holds the keys to your future.