Home-based business Facts and statistics

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According to industry analyst Home-based business is a $ 427 billion a year industry. That’s more than the pharmaceutical industry, food industry and consumer goods industry – combined with

very low start up costs, flexible hours and the Internet are provided in the expansion of global business segment. It is estimated that up to 150 million people in North America alone, enjoy the freedom and benefits of owning your own home based Internet business.

A recent IDC survey indicates that the average income for income-generating home office home is $ 65,000 per year.

According to a report from Offiice SBA’s advocacy over 20,000 entrepreneurs grossed over $ 1 million operating from a home based environment.

Home-based businesses represent 52% of all small businesses and provide 10% of the total income of the economy.

Running and owning a home-based business offers the new owners a very inexpensive entry point. 40 to 44 percent of all home-based businesses require less than $ 5,000 for start up

From a survey by the Home Office Computing Magazine .:

, 98% are happier working from home.

96% recommend working from home.

, 88% would never return to the corporate world.

The US Bureau of Labor Statistics estimates that there are now over 18.3 million home-based businesses in the United States [Entrepreneur Magazine].

Entrepreneur Magazine estimates that $ 427 billion is generated each year by home-based businesses.

According to the Small Business Administration, more than half of all small businesses in the US are home-based.

VeriSign found that the name of global domain name registration are reaching record highs.

Every 11 seconds someone starts a home-based business.

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