You’re in business to make money. And the money you earn is called your profit. So why can your home business be more profitable than almost any other type of business you might start? Here are your answers:
- The largest fixed expense for most small businesses is the rent they pay for their office, store, factory or other space they occupy. In most small businesses, rent costs will run from 7% and 10% of total sales–or $7,000 to $10,000 per year for a $100,000 business.
- Next you have heat, light, telephone and other utility type expenses in the space you rent for business. These costs can range from 3% to 5% of your gross sales.
- A gross receipts charge must be paid by some shopping-mall stores. This can range from 2% to 5% of sales.
Add these charges and you’ll find that 12% to 20% of your sales are “spoken for” before you start to pay for labor, shipping, etc. As some people put it, “When I rent a store or factory I’m working for the landlord!”
In your own home business you’re working for Number 1–YOURSELF! You have NO rent payments, very little, or NO, light, heat, or telephone costs and NO gross receipts charge. So you can add 12% to 20% to your profit–right away!
Copyright © 2002 by International Wealth Success, Inc. All rights reserved.
Tyler G. Hicks, the president of International Wealth Success Inc., is the author of many wealth building publications, including the Import-Export Riches Kit and the Fortune Builder’s Program Kit.
- Real Estate Investment Trusts Kit
- Multi-Family Home and Multi-Unit Real Estate Riches Kit
- How to Build Riches in Real Estate With Single-Family Homes Kit
- Finder’s World Business Kit
- ULOR Master Business Kit
- Private Loan Money Funding Kit
- Financial Broker/ Finder/ Business Broker/ Business Consultant Kit
- Import-Export Riches Kit
- Mail Order Riches Success Kit
- Loans by Mail Kit (Mail-Order Loan Success System)
- Small Business Loan Program Kit
- Mega-Money Methods Kit
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- Business Borrowers Complete Success Kit
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- Hard Money Commercial Real Estate Loans Kit
- Phone-In / Mail-In Grants Kit
- Raising Money from Grants and Other Sources Success Kit
- Zero Cash Riches Success Techniques Kit
- Real Estate Loan Getters Kit
- The New Cash Flow Notes and Mortgage Cash-Out Program
- Fast Financing of Your Real Estate Fortune Success Kit
- Real Estate Riches Success Kit
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- Starting Millionaire Success Kit
- The Fortune Builder’s Program Kit
- Four Doctor Loan Programs Kit
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- Professional Practice Builders Kit
