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4 Reasons For The Explosive Growth Of Internet Home Businesses

All around us people are losing their jobs and they're not the only ones that have taken a beating. Consider the incredible losses people have experienced in the retirement and pension savings. That money was in the market - in 401Ks and RRSP's and following the advice they've been given for years, people have investments that, in some cases over the last few months have been reduced by a third or sometimes half. So what do you do when you're either retired or about to retire and the money that you've taken 30 years to save has gone "poof" overnight?
That's a question that a lot of the early boomers are wrestling with right now and being what they are, a generation that has set the pace from the day they started walking around with unfashionably passive peace signs, they will as a group find the answer. Luckily, the means to save the retirement plans of a generation is close at hand. It's a communications tool that has opened up an option that didn't exist 10 years ago. I'm talking about the internet and I believe that we are about to see an unprecedented explosion in the number of home internet businesses.
Before you go crazy thinking that a generation who - let's face it- worked most of their lives without computers let alone the internet - are about to leap into a foreign medium and become millionaires. That's not what I mean. Actually, when you consider it, it's not necessary. We're talking about people who have most of the big purchases behind them. They bought the house years ago, the kids have probably already moved out (or at least they promise to soon). They're not looking to make a fortune, just supplement a living and an online business can do that.
Here are the four reasons why I believe that home online business is what many will choose:
1. You can sell pretty much anything on the internet. You can sell collectables, or information, or you can sell niche products that - in a perfect world - you know a lot about. You can sell one product or many. Spend sometime online and you'll soon discover, that if you can think of it, you can probably find it online and while you're looking you just might find a place that you can sell it too.
2. The beauty of the internet is that it's so big it will support even the small ecentric niche products what you'd go broke trying to sell from your local strip mall. You don't need a product or idea that everyone is interested in, because if you can capture just a tiny percentage of a percentage, it's enough.
3. There are relatively few barriers to entry if for people thinking of starting up an online business from their home. That means that the barriers that would keep you from opening many other businesses (namely a mountain of money) won't get in your way. You won't have overhead, or staffing or inventory and actually instead of paying out more for accomodation - you'll be able to start writing off a portion of your home, as long as you meet the tax man's requirements.
4. A lot of people I've talked to won't even consider the possibility of starting an online business because they have it in their head that only "techies" can manage. It might have been true once, but with the abundance of very, very easy to learn software to manage any type of business, you don't need to have the technical skills to start. But you have to be willing to learn - a lot. So before you give up, take inventory of what skills you do have, because when you're starting your own business - every skill counts for something.
Reading over what I've written, it might seem that I'm trying to push you into starting up an online business. I'm not. But I am predicting, without any hesitation, that in the next few years we're going to see an explosion of growth on the internet in terms of new one person businesses and I'm also suggesting that if anyone looks behind who is fueling that growth, they won't find a host of bright-eyed twenty somethings behind it. They're find their somewhat jaded parents, some of whom are going to get a second chance to be bright eyed kids again and that's kind of cool.

By: Louise Collins

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By Louise Collins, author of Start Up Mistakes. You can avoid her mistakes with your computer home business.

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