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

If you’re looking for a way to make quick money online, you’ve probably come across the idea of creating automated blog content. For those who don’t know, there are software programs and WordPress plugins that will allow you to build a blog and have it automatically populated with content. You can create the settings so it publishes a new post 20 times a day if you want, and even have it hyperlink particular keywords that appear with your affiliate link.

The idea behind this is that if you create thousands of blog pages, you’ll be able to dominate the search engines for long-tail keywords and get tons of traffic. You build your blog, throw up some AdSense ads, turn on the switch, and in a couple months you’ll start seeing traffic. The idea is that as more and more content publishes, your traffic will increase as well.

Where does the content come from? You can set it up your auto blog to pull content from article sites, popular news sites, and you can even scrape it from other blogs. I’ve even seen automated blog software programs that will take the content and rewrite it so that it appears as purely original content.

What’s the Problem with Automated Blog Content?

While it might work now, it won’t last forever. Google’s primary goal is to filter out spam, and this most definitely classifies as spam. In fact, it’s probably copyright theft as well, in which case Google can block your site from being listed as well.

I’m sure Google has already figured out a way to detect these automated blog or will soon.

The bottom line is if this is your business model, you can be sure to fail. It might work for you for another 6 months or even a year. But eventually your blogs will disappear and your income will drop to $0.

Here’s another thing… building an auto blog is not marketing. If you want to make serious money in this business, you have to develop your ability to market online. There have been many easy ways to make money by “gaming the system,” but they always come to an end. If you used your time developing skills rather than trying to take advantage of short-term, minute profits, you may actually be able to make serious amounts of money. Not your pitiful $100,000 a year.

If you must pollute the Internet with garbage (and I’m not saying that I didn’t use these money-making methods when I first started), do so in conjunction of building a real business. And do so knowing that your site will get banned, and possibly your web hosting ip. That means anything other site you start that is someone linked to you will also be banned.