GITNUX MARKETDATA REPORT 2024

Must-Know Home Based Business Statistics [Current Data]

Statistic 1

"About 30% of home-based businesses are operated by individuals over the age of 50."

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Statistic 2

"E-commerce and web-based businesses make up a significant portion of home-based businesses."

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Statistic 3

"Around 44% of home-based businesses are launched using personal savings."

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Statistic 4

"69% of U.S. entrepreneurs start their business at home."

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Statistic 5

"83% of people are more satisfied running a home-based business than working a traditional job."

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Statistic 6

"20% of home-based businesses earn between $100,000 and $500,000 annually."

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Statistic 7

"60% of small businesses without employees are home-based."

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Statistic 8

"65% of home-based business owners work more than 40 hours a week."

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Statistic 9

"The average cost to start a home-based business is around $2,000 to $5,000."

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Statistic 10

"There are currently over 15 million home-based businesses in the U.S."

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Statistic 11

"Small home-based businesses generate over $1 trillion in income per year."

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Statistic 12

"Women operate around 60% of home-based businesses."

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Statistic 13

"92% of home-based businesses rely on some form of digital marketing."

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Statistic 14

"Home-based businesses have a lower than average failure rate compared to non-home-based businesses."

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Statistic 15

"Approximately 50% of U.S. businesses are home-based."

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Statistic 16

"The fitness and wellness industry is one of the fastest-growing segments in home-based businesses."

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Statistic 17

"Home-based businesses are 53% likely to be run as full-time endeavors."

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Statistic 18

"Over 40% of home-based businesses require less than $5,000 to start."

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Statistic 19

"Over 70% of home-based businesses are successful within a 3-year timespan."

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Statistic 20

"75% of home-based business owners prefer self-financing compared to other forms of funding."

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