Making Money at Home - Myth or Reality?

 Money at home 1

The lure of making money at home has been around for a long time. From the "stuffing envelope" ads populating newspaper classifieds in past decades, to the pop-ups promising riches that interrupt your online browsing experience, it seems as though there is always someone telling you that it's possible to make money at home.

But can you really make money at home?

The good news is that you can. The less-good news is that it's a little more difficult than filling envelopes or buying some special system.

Technology and the Ability to Make Money at Home

Thanks to the advances of technology, it's easier than ever to make money at home. The Internet provides a way for you to reach a wider audience and deal with customers from around the world.

Connectedness means that you can sell items from an ecommerce store without holding the inventory on your own; instead, have a third-party fill the orders through a drop-shipping setup. It also means that you can provide services, such as freelancing, consulting, and planning, at a distance -- without ever meeting your clients in the flesh.

Payment technology means that you can receive money almost instantly with the help of processors like PayPal and Dwolla. Making money from home is a reality for many people. In fact, 2008 data indicates that there are at least 6.6 million home-based businesses in the United States. Additionally, 35 percent of those home-based businesses see annual revenues exceeding $125,000.

Money at home 2

The Caveat

The big myth is that it's easy to get rich while working from home. In order to make money at home in a sustained manner, you have to be willing to work hard and put in the time. Most of those who make money at home, whether it's a couple hundred extra dollars a month to supplement the budget, or whether it's a full-on business that supports an entire lifestyle, work hard and have some sort of business plan.

Making money at home requires that you have discipline and dedication, and it usually demands that you have a product or service that you can offer to others (and that they are willing to pay for).

Technology offers opportunities not seen a generation ago. You really can make money at home. However, it's not a cake walk. Anyone who tells you that it's easy to get rich quick with a home business is selling a myth. Anyone who tells you it takes a lot of elbow grease to make it happen is giving you a taste of reality.

Money at home 3