| First of all, let me start off by saying that I understand | | | | So let's say you're making $3,000 a month but you |
| this mindset of the home business owner...especially | | | | realize that you're working 100 hours a week. That |
| the one who is just starting out. All they want to do is | | | | comes out to 400 hours worked per 30 day month. If |
| make some money...no matter how small an amount. | | | | you do the math, you're earning $7.50 per hour |
| But sit down and ask yourself this question. "Is the | | | | worked. That's not much better than minimum wage. |
| money I'm making worth making?" If you're not exactly | | | | Most people are grateful to make the $3,000 and I can |
| sure what that means, I'm going to give you a | | | | understand that. But shouldn't you really try to make |
| hypothetical example that will illustrate. | | | | the most out of the time you spend on your business? |
| Let's take a home business where the person is | | | | Well, there are two ways to do this. One way is to |
| writing articles for other people to use. He is just | | | | find some hours that you're putting in that can be |
| starting out so he doesn't have much of a reputation. | | | | outsourced cheaply. This may increase your expenses |
| So he decides to charge $5 for each article he writes. | | | | slightly but it will also increase your wages per hour as |
| The majority of the articles are about 500 words long | | | | long as your outsourcing costs are less than your |
| and takes the person, between research and writing, | | | | hourly wage. |
| about an hour to write the 500 word article. If you do | | | | Another way is to simply sell a product or service with |
| the math, that person is working for $5 per hour. I don't | | | | a higher price tag. A lot of home business owners |
| know about where you live but in most states in the | | | | seem to think that it's harder to sell a more expensive |
| US, it's $7.25 per hour. So in essence, you're working | | | | product. The truth is, it's not. There is a market for all |
| for less than minimum wage. | | | | kinds of products. The key is to go out and find it. If this |
| Now this example is pretty clear cut. You write, you | | | | weren't true, we'd all be buying $10,000 automobiles |
| get paid. But what about a business where it's not so | | | | and Lexus would go out of business. |
| cut and dried? What if you have a web site where | | | | Bottom line is this. You need to take a good long look |
| you are selling a product or service? Now you have to | | | | at your business and see if you're not just working |
| figure in time spent creating the site, promoting the site | | | | another minimum wage job. If you are...something is |
| and whatever other administrative tasks you're | | | | VERY wrong. |
| performing on a daily basis, such as customer support. | | | | |