The biggest advantage of a home-based business is that you can spend more time with your family. Also, you do not need to rent an office, so due to this fact you will have lower costs. Because you will have lower costs, it might be possible for you to offer low prices. By offering low prices you might be able to undercut the competition. Offering low prices is probably the best way to be competitive. Another advantage of having a home-based business is that you can work in a place that you enjoy being in. Most people like being in their homes, so they are going to appreciate the fact that they can spend there more time.