Out of Work and Can’t Retire

By Al Thomas

The bad news is you have no steady income. The unemployment check is going to run out – or maybe it has.

Unfortunately you still have to eat and need a place to sleep until things “get better”. For some strange reason the government wants you on welfare.

There are ads on the radio, TV and in the paper about going into business for yourself. You have heard, “Make $5,000 a month from your kitchen table” and such ilk.

There are a few who actually do that, but unless you have a huge list of people who know you it is not going to happen. It takes time to build that list.

You are going to need a high speed computer. The computer you can buy on installments and then hook up with a local Internet provider.

You might already have this so you call one of those selling a home=based business. Shop around. See what each has to offer. EBay has a wonderful program for the person who wants to devote time to it.

If you are a newbie let me give you a clue that it will probably be a year before you start to make any money. Any business, and I don’t care what it is, takes about 18 months to break even. Then you begin to make some money and in about 3 years you can have a nice income.

How do I know this? Because I have started more than one business.

Go to the library. There are many books on starting a business. All will tell you to write a business plan. Yes, that is a good idea. It doesn’t have to be fancy, but it will be a road map and guide.

See if you can find someone that has an Internet business. Most people will be glad to help as long as you are not going to be selling the same items. Actually that doesn’t matter because the Internet is so big.

On the Internet there are many places that will give you free business plans and advice. Free is the price you want.

Any online business that asks you to pay money up front should be abandoned. If they are getting a small commission on what you sell that should be all they charge. Don’t fall for any MLM (multilevel marketing) that has an exclusive product. The Avon lady takes 3 to 5 years, (years), before she makes more than minimum wage.

Party deals are nice until you run out of friends.

Be sure to do your due diligence with anyone. Get references from several people that are now in their program. If they won’t give them they are not legitimate.

It is going to take quite a while and concentration to make any home-based business a success. If you are concerned about your current financial situation it would be a good idea to start NOW.

Al Thomas’ new book, “If It Doesn’t Go Up, Don’t Buy It!”, 3rd edition, has helped thousands of people make money and keep their profits with his simple 2-step method. The method made 10% during 2008. Read the first chapter at http://www.mutualfundmagic.com and discover why he’s the man that Wall Street does not want you to know. Copyright 2010 Williamsburg Investment Co. All rights reserved.