If you want to work from home, you may want to look into a Semi-Passive business opportunity. In this scenario, you would perform tasks like data entry, appointment setting, and customer service, while earning a salary. You will need to set up a regular schedule, but you will not have to worry about relying on foot traffic.
A Semi-Passive business is different than a stock or mutual fund. Although the latter has a lot of benefits, it does not require the owner to be present during normal business hours. The key is to build a business that is capable of running itself and succeeding in a semi-absentee manner.
Many franchises thrive as passive businesses. These businesses are based on a proven business model, so owners can step away from day-to-day work and let someone else run the business. A franchise also provides the opportunity to build wealth by opening more franchises. This means you can be more financially free and more time for other activities.
While semi-absentee business ownership requires a greater investment of time, it is a viable option for entrepreneurs who want to have a more flexible lifestyle. This type of business typically requires a significant capital reserve. Most semi-absentee franchise models require at least $500k in net worth and $250k in liquid assets.