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5 Benefits of Owning a Home-Based Internet Business

By: Catherine Perry

Are you looking to get out of the rat race of a 9-5 job? Do you want to spend more time with family and friends? Are you ready to live a more balanced life? Then owning a home-based internet business may be the right decision for you!

Working for a company, especially a large one, isn’t what it used to be. In previous years, people would get a job with a company and keep it for 30+ years. They would then retire with great benefits. The company took care of their employees by providing good health insurance, competitive wages, and a retirement pension. There was the option for upward mobility and a path for career development. You had comradery with fellow employees; you grew by developing skills and sharing experiences from the work, and you were rewarded for it. However, things have changed!
Today it is a totally different scenario. Due to the workplace being so different this has to lead many people to look at other work options that provide benefits they can’t get working for a company. Because of this shift, more people are opting to start their own companies and enjoy the benefits of having a home-based business. According to Forbes in the article “16 Surprising Statistics about Small Businesses,” more than 52% of all small businesses in the U.S. are home-based.
One of the most popular businesses to operate from home is an internet business. It is an easy start-up process and there are many industry options from which to choose.  There are internet businesses that provide services and/or products in thousands of different industries. The internet is open for business 24 hours a day, 7 days a week to a global audience, giving it a huge competitive edge compared to the brick-and-mortar store. According to the Small Business Association, owning a home-based internet business gives you “access to the same types of tools and marketing opportunities used by major corporations.”
This is why we want to focus on 5 benefits of owning a home-based business that we think are some of the most important. Some of these benefits may be ancillary to the profits and ease of operating a home-based business; however, you may find they are the most valuable to you.

Benefit #1: You Can Direct Your Own Course

When you own your own home-based business, you are the boss and drive the ship! It’s yours and it is entirely up to you to work it and make it successful. You make all the decisions—both the important decisions, as well as, the not-so-important ones. No one tells you how to work or when. You work hard and gain the rewards. If you have an entrepreneurial spirit, this is a great way to make your mark and direct your own course in life.

Benefit #2: You Have a Flexible Schedule

Owning an internet business and operating it from your home allows you the ability to have a more fluid, flexible schedule. You get the work done either when it needs to be done or when you would like to get it done. You have the flexibility to make more time for friends and family. You’re able to be with your children when they are sick and spend quality time with people in your life that you can’t with a 9-to-5 work schedule. Additionally, you have more time for other things like exercising and running errands when you have a home-based business. In our opinion, this is one of the most valuable benefits of owning your own home-based business!

Benefit #3: You Can Increase Productivity

Working from home provides an environment where you can be more productive. In a traditional work situation, most people find that their productivity level decreases due to constant meetings and interruptions. By working at home, your ability to focus can improve exponentially, thus allowing you to get a lot more done in a shorter amount of time. And, of course, being more focused and productive give you more time to do other things—things you don’t have time for when you aren’t the boss!

Benefit #4: You Keep More of the Money YOU Make

When you own home-based business, you’re able to keep more of the money you make. There are several reasons for this.
  1. No commute (save money) – This means you don’t need to spend money on gas and the wear-and-tear on your car. According to the U.S. Federal Highway Administration, the average American spends 348 hours each year commuting. You can’t put a price on having more time!
  1. Work clothes budget (save money) – You set the dress code! If you want to wear your pajamas all day, you can – you’re the boss! The money spent on work clothes can be very minimal. This will give you more money to spend on the things you want to fill your life.
  1. Tax benefits (save money) – There are many tax benefits to owning your own business and working from home (so many that we won’t attempt to delve into them all in this article).  You may be able to deduct portions of some home-related expenses against your business income. Such expenses as mortgage interest, property taxes, utilities, and repairs and maintenance may qualify. And, though you can’t create a loss with your home office expenses, you can carry them forward to future tax years in the event you don’t have enough business income to use them up in the current year.
  2. Lower overhead costs (save money) – Working from a home-based office keeps your overhead costs low as you are not renting office space or phones or paying for office utilities. Lower overhead costs are definitely a plus when owning your own business. Low overhead and low operating costs make an ecommerce business ideal for anyone looking to run a home-based business. With an internet based business, you have minimal start-up costs and when you choose to run a drop ship business you do not have to hold any inventory, which keeps your overhead even lower.  An online business does have costs associated with the setup and management, but they are minimal compared to owning any other type of retail store.

Benefit #5: You Stress Less

You can experience less stress when you have the benefits we’ve outlined above. Imagine having less stress when you are trying to juggle childcare and the demands of work and family. Instead, when you have a home-based business you are able to stay home to take care of the things in your life that mean the most. Having a flexible schedule that allows you to get more done in a shorter amount of time is also a great way to decrease your stress level. Not having to commute in traffic to get to a workplace definitely alleviates a big stressor. You have less stress when setting your schedule. Can you feel the stress lightening by just thinking about owning a home-based business? Imagine it.
Though we think these are the top 5 benefits, we have only touched the surface. Take a few minutes to really envision your life if you were to own an internet business and work from home. Ask yourself these questions and visualize the answers…..
  • What would owning a home based internet business look like to you?
  • Would it improve your life?
  • What are the best benefits for you? (Probably all of the above!)
Owning a home-based internet business can impact the quality of your life in so many ways. Explore some of our options by going to Pure-Ecommerce.com to check out our collection of ready-made internet business and custom internet business opportunities. All you need is an entrepreneurial spirit that gives you the drive and discipline. To quote Kevin Systrom, a co-founder of Instagram, “There’s no better time than now to get going.” If you have questions about starting your own home-based internet business, we invite you to schedule a FREE phone consult to discuss them with our owner, Jeff Varner – Schedule Here.

4 Online Business Ideas for Retirees

By: Catherine Perry

Are you a retiree looking for a business to keep you busy or help supplement your income? Then you should consider starting an online business in your retirement years!

Retirement—what does it mean for you? Gone are the days when people retire and sit in front of the television all day, play golf all day, or play bridge at the club every day. Of course, retirement should allow you to have fun and pursue hobbies, but today’s retiree wants to be not only active but also productive.
Statistics show that through the year 2030 an average of 10,000 people will retire each day when they reach age 65, which has historically been the retirement phase of life.  According to cbsnews.com in the article “For many, ‘retirement’ means getting a job”, the typical old-fashioned retirement (a one-time permanent exit) is now the exception more than the rule. And, “more than three-fourths of older workers left their full-time career and had some form of subsequent employment. “
Retirees can miss being productive and feeling challenged.  More than ever, people who retire are looking at opportunities that keep them mentally sharp as well as options that provide additional income. Because retirees have decades of work experience and knowledge to utilize, they are in the perfect position to become successful entrepreneurs.
If you’re approaching retirement or are already retired, you may have a list of things you want in your “second act” during retirement like:
  • owning a business
  • being “in charge”
  • building a business from the ground up
  • having a flexible schedule
  • using a wide range of skills (wearing many “hats”)
  • working from home
  • working from anywhere
  • generating income
Does any of this sound like you? Well, you may just want to look at owning an online business. If you own an online business, you can check all these boxes!
Here are three qualities of owning an online business.
  1. Have a flexible workload  As the owner of a website business you have the flexibility to put in as little or as much time as you feel is necessary. You can work on your own schedule.
  2. Have a home-based business:  Having a business that is based out of your home allows you freedom and flexibility.
  3. Have a business that is relocatable:   Having an internet business allows you to work from any location as long as you have internet access.  This means you can move from your current location or take an extended vacation and still run the business.
At Pure-Ecommerce, we have many industries represented in our online businesses. For a sample, we have selected 4 that are great to own during “retirement”or at any phase of your life —Pet, Gifts, Senior Care and Health & Medical. Continue reading…you may see one that will get you started on your “second act” today!

Pets

People are in love with their pets and the pet industry is booming as a result! In 2013, pet owners in the U.S. spent an estimated $55.53 billion on cats, dogs, birds, fish, horses and other pets. According to statistics on the pet industry by the American Pet Products Association (APPA), $66.75 billion were spent on pets in 2016 and expenditures for 2017 are projected to be $69.36 billion. This is a growth of over $10 billion in three years! As an online industry, it has great margins, vast product collections to choose from, and a large demographic to serve because consumers of all ages have many different types of pets. Plus, there are many different areas in which you can concentrate your business – from the most owned pets – cats & dogs – to unique and exotic pets, such as, reptiles, aquatics and farm animals too. The industry also offers pet owners a vast collection of products to ensure they have everything they need to keep their pets happy and healthy!
Here’s a couple of additional statistics we wanted to share with you about the pet industry:

Could this be the industry that interests you and you are interested in starting an online pet business? If so, take a look at the online pet businesses for sale at Pure-Ecommerce.

Gifts

Gift purchasing and gift giving have developed over the last decades into a huge business, generating good profits to a large array of manufacturers and vendors. In the United States alone, consumers spend more than $280 billion in buying gifts/year, amounting up to approximately 10% of the entire retail market ($2.8 trillion in 2005), according to research on gift purchasing by www.itchybrainscentral.com.
The average consumer spent $2,062 on gifts in 2006, of which 60% were dedicated to holiday gifts, and the remaining 40% to other occasions throughout the year (anniversaries, weddings, and birthdays). Of course, the two biggest gift giving occasions are Christmas and birthdays. But, gift purchases are made literally throughout the year with such occasions as Mother’s and Father’s Day, Secretary’s Day, Boss’s Day, other religious holidays, christenings, and weddings. This makes online businesses focused on gifts a very big market.

gift-industry-statistics

Would you like to offer online shoppers a variety of gifts to celebrate a special occasion? Then we suggest you take a look at our collection of online gift websites for sale now!

Senior Care, Health & Medical

We are grouping the Senior Care market and the Health & Medical market together because they are closely related and are both in strong growth trends. As we know, we need more essentials to stay healthy the older we get. Many seniors are turning to the internet to shop for the products they need, which includes medical gear and senior care necessities.  According to Pew Research, 82% of adults aged 50+ who use the internet perform research on health and wellness information.
Both the senior care and the health & medical markets open the doors to a huge portion of the population.  In the next ten years, U.S. baby boomers will increase their annual spending on wellness, medical, and health-based products and services from approximately $200M to $1 trillion. And www.economyandmarkets.com says that “discretionary health care and wellness” is the top industry for baby boomer spending going forward. By 2030 the 65-plus population will double to about 71.5 million, which gives you access to an extremely large target market.  Basically, this information tells us that anything related to wellness, health and medical will be growth industries for some time to come.

medical-gear-and-seniors-industry

You can choose to either enter the online marketplace with an online heath and medical gear business, a senior care online business or combine the two and create your own custom design website with the help of the Pure-Ecommerce team.
So, if you are thinking about beginning your next chapter after retirement with owning a business, take a look at the many benefits of an online business. Having the ability to keep your mind active, have a flexible schedule, be productive, and make some money are just a few. And, in this article we’ve given you only a sampling of 4 industries that are great businesses to own in retirement, but we offer many more that could spark your interest.  Does all this sound good to you? If so, look no further than Pure-Ecommerce!

start-an-online-business-in-retirement

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