So you want to start an Internet Home Based Business on the Internet and generate residual income to become financially free. You and others may ask why do you want to do it and also, how can you do it.Part of the reason they want to do it is because income from jobs has declined since the outsourcing of jobs from the United States to developing nations was implemented. Furthermore, the security that jobs use to offer is no longer available. Most people holding down a traditional job are concerned whether or not they will be laid off.According to recent studies, a new home business opens every ten seconds in the United States. Did you know that 25 percent of the USA is involved in some sort of home business venture to make ends meet? And 9 out of 10 families now have 2 or more members of a household working just to make ends meet. Also, surveys indicate 80 percent of the population would like to own their own business whether employed or not.This business is not all about selling a product or service; it is more about building relationships. When you talk with people and they ask what you do for a living, you let them know you are a home based business owner promoting whatever and then leave it alone. Most individuals will sooner or later query you about your products or service and in effect, sell themselves. Did you know that selling is the highest paying profession in the world?Selling is not about giving a sales pitch; it is all about sharing stories and helping people. Even though most individuals do not like selling, most everyone enjoys helping others. Somehow it is the natural and right thing to do.A home business on the Internet offers many advantages that are not available in other professions. You know it is not a get-rich-quick scheme because it takes time, hard work and effort, especially in the beginning. You start small, build a foundation and little by little you build from the ground up.For your information, there are various ways to legitimately earn a living:Some of the ways are working a job, owning a business, direct and network marketing, just to name a few.If you work a job, you have no control over your future and you are working to make someone else rich. You will never be rich and you could be laid off any time an employer deems it necessary.If you own a business you may sell or resell goods or services requiring a major investment. Keep in mind that 80 percent of businesses on the Internet fail within five years. You will work 16 and 18 hour days and it will take at least 3 years before you realize a significant profit and your business may end up owning you.Network marketing or home business opportunity is one the best methods remaining for most of us. It only requires a very small initial start up capital and may continue to grow long after the initial hard work has been completed.Once you have a strong Internet home based business built, your initial hard work, efforts and training will continue to generate a monthly income indefinitely. That is what is known as residual income which means you have gained the financial freedom to live and work the way you want.