Home based Businesses have seen a dramatic increase in recent years. Many people are finding that working 9 to 5 is just not working as well as past decades. Home based businesses are flourishing. For many people the dream of being their own boss makes work at home employment their first choice. People are choosing to create their own jobs at home instead of traditionally seeking employment elsewhere.These businesses are now recognized as a viable source of new jobs and economic growth.

Among the difficulties facing home-based workers is that they often feel isolated from information and others with whom they could discuss home-based work issues. There are existing newsletters and many online support organizations provide a forum for discussions.

Home-based work requires a great deal of self-discipline, as we all have reason to know it can be difficult to get out of bed on a chilly morning. Home based businesses are fantastic for their flexibility, but you need to have the discipline to take time off and manage your time. Like many areas that we wish to succeed in, it can be a problem when find yourself so caught up in your business that you don’t take time for the other parts of your life.

For those who have children at home, there is the additional hazard of letting them know that, even though you are at home, you are still at work . Still, it is possible to schedule out time for them (and yourself, after all one of the resons you chose to work from home was to spend more time with family).

In practice, self-discipline is often difficult to test for in advance, unless the person has past experience in working from home, such as telecommuting positions or has been working as an independent contractor for some time.

While 2008 has brought new business challenges ( tighter lending standards, higher prices for energy and weaker consumer spending) a home-based business can tap the advantage of an agile, cost-efficient framework.

Thru experience, it has been shown that home-based businesses are no more risky (likely of going losing money/capital in the next 12 months) than non-homebased businesses. Experienced veterans in the field will tell you that when setting up a new business, one of the important things that can keep you going during the critical early days are encouraging signs. There is nothing more encouraging and inspiring than seeing small signs of success, such as your home based business starting to make some money or at least generating some sales and cash.

When thinking of ways to promote your new venture, online marketing is key to tapping into that success. Online marketing has shown itself to be the fastest growing flow of cash ever seen especially in this time of total financial panic. The cool thing about this is that you DON’T need your own product to promote.

Advertsing can basically be seen as a means to drive traffic to your business. In a teraditional retail business, the main idea is “LOCATION, LOCATION, LOCATION”. Online businesses (and advertisers) know that, world wide, there are hundreds of millions of people with internet access. This means that there are hundreds od millions of people in the form of “traffic” for your business. You just have to let them know you’re there.

Advertisers now have the ability to place their ads (text, banner, etc.) on very specific pages devoted to certain types of content and products. So if you are selling wool scarfs, you can have your ad appear on a site only when it is presenting an article on the wool scarf industry.

Advertising on the web is cheaper, and more flexible than traditional, offline ways. With the tools available thru the many search engines , advertising is also extremely measurable. It’s possible to see instant results on how well an ad camapign is doing, not only in terms of leads, but also actual sales.

Perhaps there are some special hobbies or talents that you possess, or maybe you’ve developed skills in areas such as writing or web design . You may even be a good salesperson, or have a drive to succeed; any of these gifts might be enough to start a home based business.