Getting big business loans will require bigger credibility which will force you to start your computer based business on a shoestring budget.
In your quest for the best home based business, you normally might need to hold yourself back due to your limited financial situation.
In this article I would like to adequately elaborate on starting a web hosting company which you might be able to pull it off with a limited budget.
Why can web hosting be considered as the best home based business? Contrary to the belief that starting a web hosting company requires huge investments, it can be actually started with a very low budget.
The best part is that you will be able to earn residual income every year and I would show you how in this article.
You might even imagine things like buying expensive web servers, setting up the technical and support team, organizing a huge sales force etc.
Well, these factors are true for a well established web hosting company.
However, there is actually a work around to handle this issue.
Solutions for a low budget hosting company: Affiliation with the existing hosting companies: One particular way is to become an affiliate marketer with the established web hosting companies.
However, you might need to check on their commission structures for the annual domain name renewals as well.
You might not want to affiliate yourself with the companies which do not give you a fair share on the renewals every year.
Reseller web hosting packages: Starting a web hosting company of your own might prove to be a best home base business for you.
Acquiring Reseller packages is not so very expensive these days due to the fierce competition in the market.
You could also buy dedicated servers with reseller options.
By doing this you will have the options to sell the websites to your customers.
You will be the admin for that reseller hosting server and you will have the capability to provide the control panels to your clients.
It could also be convenient for you because you could contact single point customer support of the web hosting company in order to address any issues.
Additional income plan with your web hosting business: Most of the people who buy domains from you will not have the web designing or web development knowledge.
They will naturally look up to you for designing their website according to their requirements.
If you possess the knowledge to design the websites it will be an additional benefit to you.
Even if you do not have the required knowledge, you could have the works freelanced from the professional web designers and earn commissions on each and every page they design for your clients.
Bottom line: Starting a web hosting company could indeed be the best home based business for you.
It is a lot safer and profitable than joining the get rich overnight schemes and wasting your time and money.
As company grows, you might actually think of buying the web server and publishing the websites from within your company.
It might not happen overnight, but with due commitment and courage you might just be able to reach that stage.