One year later, and I've changed my mind about working from home, I really like it. I think the key was having requirements to keep me busy and a rewarding commission structure. Took quite a while to build up to a decent monthly paycheck, since I'm paid based on hours my placements work, but I guess I got lucky (by that I mean I worked really hard) and found a good person to work with.
I never thought I would consider it a "real" job, just something to do until I found a "real" job (meaning base plus commissions and benefits). It's funny how life turns out while you're waiting for something else to happen. I've found a real passion again for Recruiting. No longer am I regretting the drive to work, the boss that micro manages, and a company dictating tools and procedures that are most of the time better for the company than the employee. I still have a sense of urgency, most of my requirements must have submittals within 24 hours. My competition is myself and other agencies working on the same requirements.
Before I started this adventure, I viewed Recruiters that worked from home as less. Less involved, less interested, working less hours, and not committed, as if getting up every morning and treking to work in an office made a person a better Recruiter. I thought I would be bored and never expected to consider working from home a "real" job. Well, now I know better. Even though I was forced to give it a try, no one else was hiring for the "real" recruiters, I'm glad I gave it a shot. I've found a niche that works for me, allowing me more freedom, more opportunities (I'm free to work with multiple companies if I chose). Now, I'm learning all about quarterly estimated taxes. Oh well, 2009 was full of challenges, but I never expected to be thankful for it.