With the age of internet and online transactions, businesses took a new image which revolutionized the way it is being executed. Home based business has increasingly become a very popular way in generating income – whether primary or as a secondary means. Online home based business has transcended the traditional boundaries of a regular job allowing businesses and practitioners to work to their own schedules, do their transactions without leaving home.Here are the advantages of Home Based BusinessesFirst, work can be virtually anywhere – at any place and your own time thus eliminating the need of office spaces.Second, waking up early and being forced to travel will be a thing of the past. No more worrying on traffic jams and what to wear during the day.Third, you are your own boss. Nobody will be in front of you telling you what to do all the time. You can just set social media transactions in your computer at home.Fourth, income potential dramatically becomes endless. Working will be on your own pace, how persistent you are on your work, how much time you are willing to give to your home based business.Fifth and the best thing is that, it does not imply quitting your existing career. You can test run a home business as part time job before engaging to it. This requires a lot of planning, commitment and thought much the same way when you get full-time career.The home can be an outstanding avenue for your own business. In the US, home based business is accounted for annual revenue of more than hundreds of billion dollars in the middle of 21st century. This shows that there are a significant number of people who are working at the comfort of their homes.It is much important to appropriately asses the opportunities before jumping into this type of business model much like with any other businesses. Be informed of the details before starting your new business.