Home-Based Business Facts and Statistics

[Lorraine Walker]

According to industry experts Home-based business is a $427 Billion a
year industry. That's more than the pharmaceutical industry, food
industry, and consumer goods industry - combined!
The extremely low start-up costs, flexible hours, and the Internet are
fueling the growth of the home business segment. It's estimated that
as many as 150 Million people , in North America alone, are enjoying
the freedom and benefits of owning their own home based Internet
business.
A recent IDC survey indicates that the average income for income-
generating home office households is $65,000 a year.
According to a report from the SBA's Offiice of Advocacy over 20,000
entrepreneurs grossed over $1 million operating from a home based
environment.
Home-based businesses represent 52% of all small firms and provide 10%
of the total receipts of the economy.
Running and owning a home-based business offers new owners a very
inexpensive entry point. 40 to 44 percent of all home-based businesses
require less than $5000 for start up.
From a survey done by Home Office Computing Magazine: 98% are happier
working from home. 96%would recommend working from home. 88% would
never return to the corporate world.
The U.S. Bureau of Labor Statistics estimates that there are now over
18.3 million home-based businesses in the United States.
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
the small businesses in the U.S. are home-based.
VeriSign found that world wide domain name registrations are reaching
record highs.
Every 11 seconds someone starts a home-based business.

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