Home Based Business Ideas

	Coming from an entrepreneur who has started over 10 businesses, I can save you all the time and money of starting your own business because I have owned everything from a door to door frozen food business, telemarketing call centre, the largest private bread distribution business in Vancouver BC and many more. The reason I started 10 businesses was because I knew the statistics in North America was that 1 out of 10 businesses make it. Well I can assure you that the business failure statistics is a true fact! My bread distribution was my only business to grow to a steady monthly cash flow of approximately $20,000.00/month. The reason it became so successful was because it was a consumable product and I had regular repeat business from over 50 restaurants, the Vancouver convention centre & Whole Foods Market which was one of the largest premium grocery stores in North America. To date, I have invested nearly $200,000.00CAD to starting up 10 ventures and have barely broken even in the last 8 years of becoming an entrepreneur. Why am I giving you all my private information? Primarily because I have been through it all and I want to prevent you from making the same mistakes that I have made. So what are some of the home based business ideas that you can do with a low start up investment and still accomplish a high rate of return? 1) Network Marketing 2) Internet Marketing 3) Work as an independent rep for Dell or an independent travel broker 4) Consultant 5) Artist In my opinion, network marketing is the safe way of starting a business because of the low initial investment and low overheads. Also, if you have no business experience then that’s even better because network marketing companies have systems(similar to franchises) which anyone can plug into and be successful as long as they’re consistent, coachable and persistent. Also for a home based business, network marketing has much more income potential then even your best franchises because you can leverage yourself more than one franchise location. Think of network marketing as a form of virtual franchise without the headaches of employees and the risk of high operating expenses. The only risk you have to take is the risk of not getting involved with a network marketing company. Just think for a minute, what if you had successfully joined a network marketing company and made hundreds of thousands of dollars or even over a million dollars? You potentially can lose out on all that money and more importantly on all the new wonderful relationships that you would have made. “The only shots you miss are the shots that you don’t take” –Wayne Gretzky