Home Based Business Statistics

Home-based business is a $427 billion a year industry. That’s more than the pharmaceutical industry, and consumer-goods industry combined! How? Because of the sheer numbers of people in business for themselves who are now working from home.

The extremely low start-up costs, flexible hours, and the internet are fueling the growth of the home business segment. Many people throughout America are choosing to stay home and make a living in order to spend more time with their children, save on daycare costs, and reduce the expenses of traveling back and forth to work. As of 2005 as many as 150 million people , in North America alone, enjoy the freedom and benefits of owning their own internet business.

Home-based businesses are a rapidly expanding form of business in the United States. A February 2004 study by the Independent Insurance Agents & Brokers indicates that approximately 1 in 10 U.S. households operate some type of full- or part-time home-based business. These types of businesses make up about 53 percent of the small business population and represent a broad cross-section of U.S. industrial sectors. Approximately 60 percent are in the service industries, 16 percent in construction, 14 percent in retail trade, and the remaining are scattered in transportation, communications, wholesale trade, manufacturing, finance, and other industries, according to the Small Business Administration, "Small Business Research Bulletin: The Small Business Economy 2004."

Running and owning a home-based business offers new owners a very inexpensive entry point. Forty to 44 percent of all home-based businesses require less than $5,000 start up money. Home-based firms tend to stay in the home and less than 5% make the move out of the home. Over half of home-based businesses survive five years and they are easy to start and re-start the business as needs dictate. The use of technology, the internet, etc.. allows home-based businesses to work in concert with other entities without the need for daily face to face interaction.

If you would like to look into starting a home-based business for yourself with a low start-up cost and unlimited earning power then please check out:
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