Whatever your current situation, whether you are working for someone else or are self employed there is a very real opportunity today for you to start your own online home based business.There is a global recession going on and many of us are losing our jobs and struggling to pay the bills. Maybe your business is struggling to find new work and cash flow is killing you. Unfortunately these scenarios are commonplace today but there is a way you can start to take back some control through the power of an online home based business.What Exactly Is An Online Home Based Business?Well, they turn up in many guises and your situation will determine which one is right for you.So, let’s list a few ideas out so you start to get an understanding of exactly what an online home based business is:1. Creating your own online product
2. Internet marketing
3. eBay store
4. Membership sites
5. AdvertisingThese are just a few of the many possible online home based business ideas that you could look at. But why would you want to start one in the first place and how is this going to help you pay the bills today?Well the real power of the online world is that you have access to a global market. The reason a lot of us are struggling is because we have a limited local market. People are not spending money in these tough times and so your local business is finding it hard. But now imagine your local business went global, well now you have the entire world to market to and suddenly your business could be booming again.But hold on I hear you cry, what’s the point of marketing my business to the world if I can only supply locally? Well the power of an online home based business can easily overcome this. Whatever industry you are in I would be bold enough to say that there is a way you can supply this to a global market.Let’s take number 1 above and look at how a window cleaner for example could do this. Now this is a profession that doesn’t instantly translate to having a global market right?WrongFor instance, there is an art to cleaning windows, it is a very skilled trade and requires years of work and practice to get it right. Now there are going to be many new people out there in the world looking to start their own local business and could really benefit from the years of wisdom that you have. You can therefore write a book on the subject and sell it on eBay. If you don’t enjoy writing then get someone else to write it for you as you dictate your knowledge to them.The key benefit here is that once you’ve written it then it just keeps getting bought by new start up businesses and you only have to do it once. Your profit margin is going to be up at 70 or 80% and once it’s out there it just keeps on bringing you in money.Imagine that, in today’s tough economic times a window cleaner is making money whilst they are sleeping! And this can pretty much translate any standard business into an online home based business, you just have to think outside the box.