There is absolutely no doubt in my mind that Internet Business is not only here to stay, it will increase at an astounding rate in the years to come. Although, in September 2010, the National Bureau of Economic Research, along with a panel of Academic Economist based out of Cambridge Massachusetts, announced that the longest recession endured by our country since WW2, which started in December 2007, had officially ended in June 2009, people all over the country are still feeling the effects of a Recession. Millions of American’s are either out of a job or looking for ways to make ends meet and those very same people are now looking to the web for Internet Entrepreneur Ideas. One of the most common of the Internet Entrepreneur Ideas is Freelancing. However, this may or may not be a good option for you depending on what your income goals are!
There is definitely no shortage of Internet Entrepreneur Ideas on the web aimed at helping people build streams of income. With the rapid increase of virtual business (Internet Entrepreneurship) more and more Internet Entrepreneurs are also going to the Internet to hire virtual assistants to outsource tasks that can be accomplished by someone else. The people that raise their hands to work for these Internet Entrepreneurs who are looking to outsource are commonly referred to as freelancers and usually work on a contract basis.
Note: If you read my article on Entrepreneurship or Contract Work? you know that this is also a practice that is largely increasing in popularity among big corporations. See any issues with this?
Personally, I am convinced that people all over the country are still feeling the effects of a Recession simply because when I look to outsource some of my work, I am inundated with people willing to help with whatever it is that I have to offer. Unfortunately, I have to reject a majority and can only hire 1 or 2 people. Of the ones hired, I’ve learned that most are looking for ways to make more money, as their paychecks simply do not meet their family’s consumption demands.
The Ideal Freelancer
Internet Entrepreneur Ideas and Internet Entrepreneurship can be found in my forms on the Internet. Depending on what your income goals are, freelancing could be for you. An Ideal freelancer may meet the following criteria:
- Works full-time
- Wants to make a few extra hundred dollars in spare time
- No real ambition in building a business to make substantial income from home
- Does not want to invest too much time into developing a large income stream
- Does not plan on quitting job to work from home indefinitely
The list above details just a few characteristics of an ideal freelancer. Personally, I would not recommend leaving your full-time job to become a freelancer on the Internet, unless you have established a long list of potential clients and can make an average of 33% more income per month as a freelancer than you could working at your job.
Freelancing certainly would not fall into my category Internet Entrepreneur Examples. According to CNN Money’s recently published article titled The True Cost of Being Your Own Boss, the following are things to remember when deciding to become a full-time freelancer working from home.
- Longer Hour – If your home is your office you never really leave work.
- No paid vacation days
- No paid sick days
- Paying for your own health insurance
- Funding your own retirement
- Minimal income earned
- Expenses of membership for industry organizations
My Expert Advice
Freelancing is a very real way to make some extra income working from home. If your goals are aligned with the criteria that describe the ideal freelancer and are only looking to make a few extra hundred bucks working from home part-time, then by all means, make some extra money and do some freelance work for those taking Internet Entrepreneurship to a higher level. The opportunities are endless!
However, if you are simply not satisfied with making a few extra hundred dollars from home and your goal is to build a six and even seven-figure business, DO NOT settle for freelance work. Look for Internet Entrepreneur Ideas on the internet and find Internet Entrepreneur examples that offer opportunities to build significant or multiple income streams. You can do so by searching for Internet Entrepreneur Topics in Google regarding Network Marketing, MLM, Affiliate Marketing and even building an income through blogging. For examples of ordinary people who have built substantial incomes working from home, read Internet Entrepreneur Success Stories.