Stupid Ideas for a Home Based Business
People can come up with some funny ideas sometimes.
But it's these absurd and often unbelievable ideas that make the world an interesting place.
With that being said though, no one wants to fail and lose money while at it.
Some ideas are generated out of inspiration, desperation, or even a genuine desire to make the world a better place.
So in this article, we've come up with a list that is sure to generate a lot of comments with one sentiment behind it - "That's a stupid idea!" Design search algorithms that can compete with Google - the guys over at Google are experts at what they do.
In fact, they spend millions of dollars every year to come up with the best results for users.
Yes, it's possible to get lucky.
Practically speaking though, how can a home based business, essentially a one-man shop, compete with a search giant with thousands of developers? A social network that will compete with Facebook - sure, it's free to dream but at some point you'll need to wake up.
At the back of a success story like Facebook, there are hundreds of similar companies that tried to succeed in this field.
Look at MySpace, it has millions of dollars behind it and it still can't compete.
You can invest thousands of dollars into a site like Facebook, but who will sign up? Sell books on the internet - e-books are now all the rage.
Tablet computers and e-readers are selling like hotcakes from tech stores and retail shops.
Unless you're trading rare books or hundred-year-old books, you can essentially forget about this venture.
There will still be those who would buy books online but it is increasingly difficult to reach them.
Any idea that compete based on price - as a home based business, competing on price is never a good idea.
It is almost impossible to match the prices offered at Wal-Mart and massive retailers.
They have the benefit of bulk orders, logistics, and distribution.
In short, they have economies of scale.
That's why for home based businessmen, it is usually best to stick to the service industry or put an emphasis on customization and personalization.
Lemonade stand - you hear about successful people who started out selling lemonades from their homes and think, "I should do that too".
Well, here's news for you: these self-made millionaires sold lemonades when they were kids!So you can forget about this idea because it is very unlikely that it will generate half-decent income for you or your family.
There will always be an exception to every rule.
However, unless you're willing to take on near-impossible levels of risks, then it might be a good idea to avoid the businesses listed above.
If you really think that your idea is "the one" then here's an encouragement: the ideas of some of the best and most creative people have been called "insane", "ridiculous", and "stupid" at some point but they succeeded against the odds.
You might too, if you get lucky.
But it's these absurd and often unbelievable ideas that make the world an interesting place.
With that being said though, no one wants to fail and lose money while at it.
Some ideas are generated out of inspiration, desperation, or even a genuine desire to make the world a better place.
So in this article, we've come up with a list that is sure to generate a lot of comments with one sentiment behind it - "That's a stupid idea!" Design search algorithms that can compete with Google - the guys over at Google are experts at what they do.
In fact, they spend millions of dollars every year to come up with the best results for users.
Yes, it's possible to get lucky.
Practically speaking though, how can a home based business, essentially a one-man shop, compete with a search giant with thousands of developers? A social network that will compete with Facebook - sure, it's free to dream but at some point you'll need to wake up.
At the back of a success story like Facebook, there are hundreds of similar companies that tried to succeed in this field.
Look at MySpace, it has millions of dollars behind it and it still can't compete.
You can invest thousands of dollars into a site like Facebook, but who will sign up? Sell books on the internet - e-books are now all the rage.
Tablet computers and e-readers are selling like hotcakes from tech stores and retail shops.
Unless you're trading rare books or hundred-year-old books, you can essentially forget about this venture.
There will still be those who would buy books online but it is increasingly difficult to reach them.
Any idea that compete based on price - as a home based business, competing on price is never a good idea.
It is almost impossible to match the prices offered at Wal-Mart and massive retailers.
They have the benefit of bulk orders, logistics, and distribution.
In short, they have economies of scale.
That's why for home based businessmen, it is usually best to stick to the service industry or put an emphasis on customization and personalization.
Lemonade stand - you hear about successful people who started out selling lemonades from their homes and think, "I should do that too".
Well, here's news for you: these self-made millionaires sold lemonades when they were kids!So you can forget about this idea because it is very unlikely that it will generate half-decent income for you or your family.
There will always be an exception to every rule.
However, unless you're willing to take on near-impossible levels of risks, then it might be a good idea to avoid the businesses listed above.
If you really think that your idea is "the one" then here's an encouragement: the ideas of some of the best and most creative people have been called "insane", "ridiculous", and "stupid" at some point but they succeeded against the odds.
You might too, if you get lucky.
