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The following article was published in our article directory on January 8, 2013.
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I am a work from Home DAD!

Article Category: Advice

Author Name: Koh Matthew

How long have I been in this modus operandi? 4 good years.

I believe that most dads/moms would ask the question "IS IT AT ALL DOABLE?".

Let me share some experiences of my own that can help you in making this very rewarding decision.

There are a few key questions that both must ask before taking the stand to work from home. The areas would be:.
1. The motivation behind it.
2. The business options available for working from home.
3. The end goal for making this decision

The motivation behind working from home.

Relating to my own experience when my wife and I took the jump in 2008, the motivation has been to spend more time with our kids (1 at that time & 1 otw ... fast forward to 2013. 2 active boys and 1 lovely girl). It is in our belief that the formative years of the kids growing-up years are of utmost importance and we want to be there to mould and help shape them. It is also a reality that these years pass very fast and once they are gone, it is not something reversible.

On the other hand, we also wanted to be involved in work that does not require our involvement on a fixed time basis (9am to 5pm). We believe that while the nature of a 9-5 job gives the financial security, it does not allow us the ability to follow our beliefs.

Does that mean that we will lose out financially? I don't think so. For anyone involved in business, the sky is the limit. The limit is not what your boss sets it out to be but what you set it out to be.

With that, we decided to quit our full time jobs after saving up for a year from 2007. (I was a Product Manager and my wife was a teacher at that time).

The business options available for working from home.

Working from home automatically promotes you to the position of a business owner.
Sounds good? Yes, its does. The sky is the limit. You are your own boss, you decide the time to work, you do not have to sit through long and boring meetings, you do not have to be caught in the peak period traffic jams, you shop and do groceries during the off-peak hours. The list goes on ...

So what are the businesses that can make you a decent income while working from home?

a. Investment in financial markets, properties etc
. As an investor, your main role is to do research of the market or work with experts to get their views on the market. You earn by making good decisions on the capital gains or yields payable from the desired market chosen.
Pros:.
- Potential for huge financial gains.
- Flexible working hours.
Cons:.
- Potentially huge capital outlay required.
- Course fees may be required for self-education to make sound investment decisions.
- Risks associated with any investment vehicle.

b. Real Estate Industry.
Real estate is a lucrative industry whereby the potential for good earnings is possible. Joining a good agency is crucial as it can provide you with good coaching, guidance, listings and administrative support. I am a real estate adviser and have experienced the ability to earn a good living while taking care of the family.
Pros:.
- Flexible working hours.
- Huge earning potential.
Cons:.
- Last minute customer requests might require you to make urgent child care arrangements.
- Fully commission-based remuneration, no basic salary.
- Your earnings is based on your involvement. No automated earnings unless you build a huge team and draw passive income.

c. Multi-level Marketing.
Multi-level marketing is also a lucrative source of business where the majority of the products are household & health-care products. The business model is built upon referrals, whereby you leverage on friends and family members to buy into your network. Conscious efforts are required to take business to the next level reaching out to new leads.
Pros:.
- Lifestyle products making the first sales relatively easier.
- Flexible working hours.
Cons:.
- Can be time-intensive as much prospecting via cold calling is required.
- Commission model is only a percentage of sales.

d. Online business.
This is a very broad area in itself. There are many avenues in which one can make an online income. In some cases, people have made very good incomes totally from online sources. This industry also has its fair share of scams mainly coming from "get rich quick" schemes promising overnight success. This can not be further from the truth as efforts and persistence are required and the fruits of success can be very rewarding.
Pros:.
- Flexible working hours.
- Can work from anywhere as long as you have an Internet connection.
- Scale-able models for success.
Cons:.
- Beware of the many scams that wants your Money so they can "get rich quick".

For myself, I am involved in marketing a viral blogging product that pays me 100 % commission on a recurrent (monthly) and a one-off basis. Compared to many affiliates that only pay a fraction of the sales, I get to keep all that I sell! Not too bad huh. To add on to that, you also get to earn from the associates that have signed up under you making it a tremendous source of passive income.

The end goal for making this decision.

Always begin with the end in mind. (The famous quote from Stephen Covey).
What you want to see as a result of this decision you make is important. The desired end result will keep you focused when the going gets tough. The stress that comes from building up your finances and the challenge of managing your time with your work & family (dual role) can be overwhelming at times. It's good that you have friends that you can talk to on this journey and also having a spiritual backing is of utmost importance.

At the end of it all, it is going to be worth it seeing your goals come to pass.

To your abundance,.
Matthew Koh.

Keywords: home business, working from home, entrepreneurship, online business,

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