Many people are becoming attracted towards home based business opportunity in order to tide over the current economic crisis. Working from home has a host of advantages attached to it.1. The biggest attraction of running a business from home is that you can work whenever you want and from wherever you want. You are allowed to set your own hours of work rather than the fixed 9-5 job. You can schedule your work around your other commitments.2. In a home based business opportunity, you earn income according to the work you put in and you have the opportunity to maximize your profits. This is completely unlike a conventional job scenario where you don’t really reap the rich rewards for your hard work.3. When you work in a conventional job, a lot of your time is wasted in attending meaningless meetings, which seldom have anything much to do with you. You don’t have to do this when working from home and what’s more, you can invest this extra time doing something which will enhance your income or even just relaxing.4. Conducting your own business from home gives you complete control over the direction of your future. You don’t have a boss telling you what to do and what not to do at each and every step.5. Working from home means that you can spend a lot of time with your family, which may be a big priority for you. You save all those travel hours that you spend going to the office.6. If you want to set up a conventional office of your own, you will need to spend a lot of money and time for maintaining your office. Working from home allows you to get the setup done for a very competitively for a relatively small investment.7. In a home based business opportunity, you have to make your own decisions and you are free to develop your own skills. This ultimately forces you to become a multi-faceted person and you’ll develop strong leadership skills.8. Having your own home business means that you can take a vacation whenever you want. You could easily make arrangements to go on vacations with your family.9. Running your own business at home gives you the opportunity to challenge yourself to become better and to explore those aspects of yourself which you haven’t been able to identify in your regular job.10. Most important of all, you can do what you love to do with your own home based business opportunity. You won’t need to do some grinding work 45 hours a week, just because you need to earn money to support your family. You will be a lot happier person chasing your dreams instead.

A successful home based business opportunity is contingent on a lot of criteria. This article will make three points which you should consider when deciding on a home based business opportunity that you feel is successful and you desire to have success with.Point #1: Is the home based business a network marketing, MLM or multilevel marketing business opportunity. If so here are three questions you need to ask of the company and the person who will sponsor you.1. Has the company been in existence more than 2 years or ideally more than 5?
2. Are the products consumable and are they a product that is trending to the future?
3. What level of success has my sponsor had and is he/she a good mentor that will help me achieve my goals?If you don’t get satisfactory answers to these questions…move on.Point #2: Is the home based business a franchise opportunity which can be a home based business opportunity in some cases because not all franchise business opportunities require store-fronts. Here are three questions to ask the franchisor.1. Will you be allowed to interview other franchise owners?
2. Will you be given a protected territory and how is the territory determined?
3. What are the franchise fees that I must pay every month or year and how do those franchise fees benefit me in terms of services I will receive in return?Again, if you don’t like the answers to these questions…move on.Point #3: This is probably the most important point which is why I saved it for last. You have to have a passion and a ‘Y’ for whatever home based business opportunity you decide to get into. You can make money with so many mlm, network marketing, multilevel marketing, franchise, and other home based businesses but here are three questions I suggest you ask yourself.1. Will I be excited to ‘go to work’ at or with the opportunity?
2. Am I in it strictly for the money or am I in it because I have a story I want to tell when I reach my goals?
3. Is my ‘Y’ big enough and is the business opportunity I select going to help me answer my ‘Y’?Remember, if you have a strong desire to succeed (a ‘Y’) which may be that you want to live a stress free retirement, or you want to fund a college education for a child or children or whatever your ‘Y’ is…that has to be the foundation for you selecting a home based business. Once you’ve selected what home based business will be your vehicle to solving your ‘Y’ question, then worry about making it profitable through educating yourself.