The Wealth Gang

There are, of course, many great benefits to being an internet marketer. Depending on how you run your business, you could enjoy the lifestyle of being self-employed or being a boss. Either way, you make the calls as to how hard you work, and often how much money you make. But besides being able to make your own schedule, take your job anywhere there is an Internet connection, and making more money than you ever would as an employee, there is another great benefit that is rarely discussed.

There are some great tax benefits to being a website owner, Internet marketer and blogger that could, in itself, make it all worth while. Even if you wanted to keep your day job and blog every once in a while to enjoy some of these tax incentives, it would be all worth it.

Before I go in to some of the tax deductions a blogger can enjoy, let me put the disclaimer out there… I am not a CPA or an attorney. I’m not recommending anything here other than suggesting to talk to you accountant about the possibilities of some of these deductions.

So, here are some things that I’ve been told can be deducted, depending on how you run your business:

1. My All Time Favorite is just about anything you buy. How? Let me say this… owning a product review site has many benefits. For one, you could earn a commission for every time someone purchases a product you review on your website. Secondly, you need to try out the product yourself to give it a thorough and unbiased review, right? Maybe now you want to start that electronics review site to help people make informed decisions about their next TV, cell phone, Xbox and digital camera.
2. Your Bills: As a sole proprietor or managing member of your home-based business, you use a certain amount of space and energy of your house for business. That means part of your mortgage or rent, electric bill, property tax and other expenses can be deducted as business expenses.
3. Are You a Media Company? If so, you probably need cable TV, high-speed internet, the latest computers and other media related equipment.
4. Education: Education materials that help you learn your business and become a better marketer can be deducted from your income tax. That means ebooks, your Blogging to the Bank membership, and conferences you attend. So now you not only learn the secrets to making money online, but in actuality these programs are virtually free.

And you don’t have to be a full-time Internet marketer in order to take advantage of some of these tax deductions. If it’s something you do in your spare time, with the intention of building a business that produces a profit, you can enjoy not only the income you can make from your blog or website, but all of these other great benefits. That’s what makes this industry so exciting!

I just came across this video that nicely outlines how to start a blog for profit. No hype – just the facts on how anyone can quickly and easily make money blogging. You can do it on a shoestring budget and in your spare time. If you can stick it out, there’s no doubt that you’ll start to see profits in a short time, and have a nice secondary income in about 4 – 6 months when done correctly.

Of course if you already know what you’re doing, then you know a six-figure business in 2-3 months with little effort.

How to Start a Blog for Profit…

Make Serious Cash With Blogging to The Bank

Whether you want to live a lifestyle of only working a couple hours a day, or you are like me and have days that you put in 15+ hours into your marketing efforts (not because you have to, but because you love making money), there are certain things you can do to be way more effective and efficient.

I for one, have been guilty of hitting the refresh button, double checking that all my links work correctly, and wondered where the day went. When I waste and entire day looking at stats, I get really disappointed with myself. I consider it negative work… not only did I waste time, but absolutely nothing got accomplished to move my business forward. No matter how many times I check my stats, I’ll make the same amount of money at the end of the day. Hitting the refresh button does not make income grow — marketing does.

So what does that mean?

1. Turn Off Email: When you sit down to work, check your email and respond to anything urgent. Then shut it down and don’t check it again until you are done marketing. Email can wait, but the more time you put off marketing your business, the more damage you are doing to yourself. This includes instant messaging. Get your priorities done first.
2. Quit Checking Stats: This is the biggest time suck out there. Check your stats over and over again does nothing. If it keeps you motivated, find a different way to motivate yourself, such as a picture of a big pile of cash. Check your stats once, and again when you are done working. That’s it.
3. Stop What You’re Reading: Everyone thinks there is a big secret out there that nobody is sharing. By reading forums, blog posts, and ebooks, you may learn a few things, but do this in your spare time. The Internet rewards people who work at building their business, and reading blogs is not considered building a business. Just do it and learn from doing. You’ll get way more out of that than any blog can teach you.
4. Start With Most Effective: You have to think long-term and short-term for you business, but think about what you can do that will not only immediately have the most impact on your business, but will have compounding results. Writing a new blog post, for instance, is probably a more long-term strategy. Optimizing your ad placements is a more immediate and compounding task. Not only will it help you make more money today, but the 20 minutes you spend will help you make more money for a long time — over and over again.
5. Optimize Existing Traffic: There are two main things you can do to make more money. Get more traffic, or find a way to squeeze more money out of your existing traffic. The later is probably the most effective method that Internet marketing gurus are experts at. It’s a lot easier to find ways to make more money from the people already visiting your sites that it is to get more people to come to your site.

As you work, try to keep efficiency and productivity in mind so you can make yourself as valuable as possible. Ideally you want to make the most amount of money in the shortest amount of time. One way to do that is to use your time effectively. Then, once you start making the big bucks, you can hire a couple employees to do the work for you.