our Guide to Choosing Between the Real Estate Industry Vs Home Based Business Industry
If you aren’t a part of any of the two above mentioned industries, wake up and smell the coffee. Both are high powered industries with robust forces driving them skilfully. With the United States alone having 6 million new citizens every single year, the demand for real estate is indispensable and soaring. Similarly home based businesses are equally popular on account of the acute flexibility, versatility and expedience they offer. Top that with a low-investment and big rewards and you have an impeccable business model that flourishes over a period of time.
Compared to the home business industry the real estate industry requires a larger start-up capital depending on how strong you want to build your business. There are operational and administrative costs in addition other high overheads to contend with and a volatile market that is constantly at the mercy of fluctuating trends. A home business on the other hand can be started with minimum investment and can function with negligible overheads as there isn’t an office rent or high electricity, transport or telephone bills involved. No expensive equipments are required (depending on the venture again) in a home business in contrast to the stockpile of photocopy, fax and other mechanisms required by a real estate enterprise.
The real estate industry is no doubt a high turnover industry that has absolute potential to reap rich profits for its investors. However, the recent economic global slowdown has given little opportunity for construction activity or selling and purchasing of high-end real estate in the past few months. The real estate industry has being lying low for sometime in comparison to the hyperactive home business industry that is devising new and inventive ways to stay afloat in a plunging economy. Home businesses have become the buzz word, with people from varied backgrounds rapidly donning the entrepreneurial mantle.
This is not to say that the real estate industry has been shoved to the back burner – Au contraire – real estate dealers who are smart enough have spotted the opportunity to take advantage of a slow moving market to satiate demands that are rising each day. Due to a liquidity crisis most construction ventures have come to a halt. The stunted cash flow is one of the prime reasons for this phenomenon. Therefore you have a situation where the inventory is dipping and an impending demand is building up. This spells a latent real estate industry energy that is waiting to explode making both the real estate industry and the online business good options to invest in.