Tax Tips for an Internet Home Business

Internet home business tax tipsLate this past April as I sat on-board an Amtrak train on my way from Chicago to Washington DC, I was calculating my internet home business expenses.  I am not a tax attorney or an accountant. Any advice you take from this article should be reviewed by a qualified tax adviser.  But, I have been in the Internet Home Business niche for five years, and I follow these same tax tips for a home business in my business.  After all, I am a small business owner.

I decided to write an article on Tax Tips for a Home Business

 

Tax Tips for a Home Business: The Basics

 

Having you own home business means you are self-employed.  You do not need to run your Internet home business full-time to qualify for itemized deductions.  I list my profession on my tax return as self-employed. I do some contract work for two major insurance companies.  In the past, they sent me a 1099 each year, but recently switched over to W-2’s.  I like W-2’s better. Using this format, they deduct my Federal, State, Local and FICA (Social Security and Medicare) taxes. Under this label, I have access or complete Schedule C where I itemize my business expenses.

 

 

Tax Tips for a Home Business: Treat Your Business as Business, not a Hobby.

 

If you are earning more than $600/year from any venture, you will receive a 1099 from the paying company.  By law, they must provide you a 1099.  I’ve received 1099’s from a lot of Internet marketing affiliate programs.   These are earnings!  You pay taxes on these earnings.  You spent money to earn this money.   Claim these expenses on your taxes.

 

 

Tax Tips for a Home Business: Deductible Items

 

These are just a few of the deductions you can claim for your home business:

 

  • Use of a home office
  • Membership Fees… such as any monthly expense for your Empower Network Business. Or, the one-time charges for Costa-Rica, the $15K Formula, etc..
  • Event Tickets: I bought a ticket for both the Austin and Chicago events. These are deductible expenses.
  • Transportation: I spent about $300 for a round trip train ticket from Washington, DC to Chicago.  Another deduction on next year’s taxes.
  • Any local travel to meet with people to discuss your Internet home business. Don’t miss any opportunity to simply talk the business with someone wherever you go.  If you take a trip to visit family two states away from you, tell them about your business and claim more deductions.
  • Meals:  These add up!  The IRS does not need to see receipts for any expense under $25, but keep copious notes on all meals.
  • Supplies:  Anything you purchase anywhere that supports your business: stamps, postage, notebooks, pens, pencils.  And, don’t overlook that new computer or pad or printer or fax you purchased this year.  Or, that new smart phone! Did you purchase new office furniture for your home business? It’s deductible.  I usually use a depreciation schedule for these higher ticket purchases.  But, if  you use a tax program like HR Block or Turbo Tax, these programs walk you through the process.
  • Advertising:  Google Adword campaigns, Facebook ads, traffic exchanges, safe lists, solo ads, etc.  Anything that you pay for is tax deductible.

 

Tax Tips for a Home Business: Include Your Subscriptions

 

These are additional expenses that you should deduct in addition to those mentioned above. What are you paying for monthly, quarterly, semi-annually or annually to support your Internet home business.  There are several tools that you need. For example, I use GetResponse as my primary email marketing program, HostGator for my web hosting.  These are examples of monthly expenses.  Additionally, I use Social Monkee to help build back-links and drive traffic to my website(s).  And, I use a number of additional services that I pay for annually. I use a Microsoft Excel spreadsheet to track these expenses.

 

In summary, these are a some tax tips for a home business that you should be using. Treat your business as a business and manage your expenses.  With 2013 quickly coming to a close, it’s a good idea to go back and add up all those expenses. Don’t let it wait until next year. And, for more information I would highly recommend that you seek the advice of a qualified tax advisor.

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Pure Leverage Business Opportunity

As I mentioned in my recent article, the Pure Leverage marketing tools can simply be used by Internet marketers as tools to grow their Internet home business,  or they can also be marketed as a separate business opportunity to generate residual income.

The purpose of this article is to provide my review on the…

Pure Leverage Business Opportunity

There are a ton of companies now tied to affiliate marketing. Companies that have large business models like Amazon.com, HostGator.com, iTunes Store, Mac App Store etc. Companies use affiliates to market their products and services. They pay their affiliates to market their products in a number of different ways.

This can be on simple points system to receive discounts.  It can be based on percentages of purchases. They can offer one time cash rewards or small percentages paid back based on the sales and performance by the affiliate.  Some are based on simple commission for signing up a new client. Many companies come up with their own rewards model and try to create frenzy by getting people to talk, and yes money always gets people talking!  But, the percentages are small and, in my opinion, they really stink.  This is no way to grow a Internet home business; at least not a successful business. The real key is finding a company that pays residual income and pay a great commission.

Pure Leverage Business Opportunity: 100 Percent Commissions

The Pure Leverage business opportunity is unique.  This internet home business now reflects a new trend in Internet and affiliate marketing. and this new trend is both exciting and rewarding to affiliate marketers.  The Pure Leverage business opportunity offers 100 percent commissions.  In my opinion, the management recognized the huge success of the Empower Network Business and made a sound decision.  This is just good business!  Pay your affiliates a 100 Percent commission.

Hey, its a competitive world out there.  Why pay affiliates a measly 5-30 percent commission for a one time sale? Why not jump on board a new business concept that really works. The new rant and rave is that Pure Leverage not only launched its new product line to the world. But they are paying out a whopping 100 percent  in commissions back to their affiliates, and they are paying residual income. Is this possible? You bet, the Pure Leverage business opportunity does exactly that.

 

Pure Leverage Business Opportunity: Is there a cost?

Yes. There is a very reasonable affiliate cost that you simply pay in order to receive these 100 percent commission. It’s only $19.97 per month. Let’s face it, the parent company has to make some profit. This affiliate price goes into paying  operating costs and it leaves the company with a profit margin it needs to offer these great services to you.  This is beyond fair. This is simply a fantastic opportunity for affiliates to really grow a successful Internet home business.

 

Pure Leverage Business Opportunity: Sales Funnel!

This is the most remarkable feature of the Pure leverage business opportunity.  Pure leverage provides their affiliates with tested and proven lead capture pages to capture leads, then provides help to convert these leads into sales for their affiliates.  In other words, they have a series of professionally developed follow-up emails that they send to your leads on your behalf.  These messages are already located in your auto-responder.  The most difficult thing to do in Internet marketing is to capture leads, then follow-up with those leads.  Pure leverage does this for you! They even provide statistics on the lead capture pages that have the highest conversion rate.

Click on the picture below of  just one of the lead capture pages available to see how the system works and to learn more about the Pure Leverage business opportunity!!

 

Pure leverage business opportunity

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WordPress Plugins for Your Internet Home Business Website

Users

use-wordpress-internet-home-businessWordPress plugins are one of the most remarkable features of this very powerful software tool that folks are using to build their Internet home Business.

If it is not already, it is quickly becoming the industry standard. In fact, if you are not using WordPress to build your Internet home business website, you are making a huge mistake. And, WordPress plugins provide the functionality for your website.

A plugin is actually a piece of software or code designed to perform a particular function.  For example, if you have an e-commerce website, you look for  a WordPress plugin.  Or, if you want to do invoicing directly from your Internet home business website, you simply look for WordPress plugin that is built to do that!  Furthermore, they are easy to find right from your WordPress dashboard and can be installed with the push of a button.

WordPress plugins can only be used on self-hosted WordPress websites.  This is another great reason to get your own hosting.  And, I recommend HostGator. All HostGator accounts come with Fantastico Delux… which provides a one-step installation of WordPress!  The service that WordPress offers for free blogs is simply fantastic and a great way to get content on the Internet.  However, it does not support WordPress Plugins!

Here is a list of standard WordPress Plugins that I highly recommend and personally use.

..just type the bolded name into the plugin search box.

Akismet:  Akismet is quite possibly the best way in the world to protect your blog from comment and trackback spam. It keeps your site protected from spam 24/7/365.  This will require you to get an API key at Akismet.com.  But, once you have your key, you can use it on multiple sites!

Jetpack by WordPress.com:  See this article on Jetpack by WordPressThis is a must add to any WordPress site!  It is multi-functional and replaces an earlier need for other plugins.  At this time it includes 10 different free features. There is one other “paid” feature called Vault Press, which I find a little pricey. But, here are the ones I recommend activating:

Sharing:  Drag and drop Social Media sharing services into the enabled section to have them show up on your site, and drag them into the hidden section to have them hidden behind a button.  Lots of options!  I’ve replaced a former plugin with this feature, and I really liked that former plugin!

Spelling and Grammar:  The After the Deadline Proofreading service improves your writing by using artificial intelligence to find your errors and offer smart suggestions. After the Deadline provides a number of customization options, which you can edit in your profile.  Google loves good grammar and this one will “kick-your-butt!”  But, you will be better off using this!

Subscriptions:  Easily allow any visitor to subscribe to all of your posts via email through a widget in your blog’s sidebar. Every time you publish a post, WordPress.com will send a notification to all your subscribers.

When leaving comments, your visitors can also subscribe to a post’s comments to keep up with the conversation.  I’ve put this on all my sites! The emails your subscribers receive are extremely professional!  Read and screenshots at Jetpack by WordPress.

Cbnet Ping Optimizer:  Say what???  This valuable plugin saves your wordpress blog from getting tagged as ping spammer. As good as it is, WordPress has a flaw.  Everytime, you update an article or post, it send outs a ping notifying the world that you just published a post.  This plugin stops that from happening!  …so, what is a ping?  Read more here!

Google Ajax Translation:  The Google AJAX Translation WordPress plugin provides a quick, simple, and light way to add translation to your blog.  This will translate your articles into any of 52+ languages.  I have sites that are indigenous to the U.S., but I have other sites that are international.  Why not provide an international user an easy way to translate and read your material?

W3 Total Cache:  This plugin improves the user experience of your site by improving your server performance, caching every aspect of your site, reducing the download times and providing transparent content delivery network (CDN) integration.  In other words, it allows your site and pages to load much faster and this is a unit of measure that Google uses to rank your website.  This is particularly important for websites that have a great deal of content!

 

Features that Google Require on a Website

 

Easy Privacy Policy: Automatically adds a privacy policy page that includes an Adsense compliance section.  All the compliance legalese is done for you!  Don’t forget to cover this base!  Otherwise, Google may not like you!  And, you want Google to like you… as they are more likely to send you visitors!

Fast Secure Contact Form:  The contact form lets your visitors send you a quick E-mail message. Super customizable with a multi-form feature, optional extra fields, and an option to redirect visitors to any URL after the message is sent. This WordPress plugin includes CAPTCHA and Akismet support to block all common spammer tactics.  Plus, Google wants you to provide a contact feature to your users!

 

WordPress Plugins for SEO:

 

SEO is search engine optimization.  Proper SEO allows the major search engines (Google, Bing and Yahoo) to index and rank your website.  The higher you are ranked the more organic or free traffic they will send you.

Special Note:  There is one setting that I highly recommend you change in WordPress and do this for all new installations.  If you have an old installation, I also recommend it.  One of my sites had over 90 articles when I updated this setting, and it worked great!

Change the default WordPress Permalink default feature. This will automatically apply to the title of your posts and pages.

How? Just follow these steps.

  • On your WordPress Dashboard, Pick “Settings”
  • Then Choose “Permalinks”
  • Tick on the “Custom Title” option
  • Then type in /%postname%/
  • Hit Save!

 

Google XML Sitemaps: This WordPress plugin will generate a special XML sitemap which will help search engines like Google, Bing, Yahoo and Ask.com to better index your site!  Plus, it will provide you direct access to both Google and Bing Webmaster Tools.  You need to claim your site(s) with both Google and Bing and verify that you are the owner.  I use the Meta Tag option.  This is easy stuff; as I will show you with the next WordPress plugin.

Custom Headers and Footers:  This plugin adds custom header and footer Meta Tags for main page content.  This is where you simply copy and paste the Meta Tag that Google and Bing send you to verify your website!  Here is a screen shot of exactly where it goes.  You just click “Update Settings” at the bottom of the page, then return to Google or Bing and click their “Verify Now” button!

Platinum SEO Pack: This WordPress plugin provides a complete SEO solution for your WordPress blog. I probably run against convention here. A lot of people use All-in-One SEO. It really doesn’t matter, but you should definitely install one or the other.

Keyword Statistics: This plugin checks the content of a post or a page for keyword-density (single words and optionally 2- and 3-word phrases). This is an awesome WordPress plugin. It can update its information on the fly while the author is writing content. This is great way for you to check and improve your keyword density!  And, keep that density at about 2-3 percent!

In conclusion, I have provided you the most essential WordPress plugins available today!  So, if you are building an Internet home Business or contemplating doing so, WordPress is the platform on which you should build your business.

 

If you have any questions on WordPress plugins, I’m always here to help!

Please post your questions in the Comments section below!

 

 

 

 

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8 Characteristics of a Successful Internet Home Business

Here are the secrets to how to build an Internet Home Business!

If you were to ask some of the most successful Internet marketers in the world today, they would tell you that there are eight characteristics you should look for when making your decision if the home business is right for you:

 

Internet Home Business Charateristice #1:  It must be home based.

This might seek obvious, but when you think about it, it really is not.  Remember, we are talking about an Internet business here; where all you really need to build and run your business is a computer and a laptop.  You do not need a car, gas, hotel conference rooms, etc.

 

Internet Home Business Characteristic #2:  It must include great digital products.

Digital products are easily bought and sold over the Internet.  You do not need to have inventory on hand at your home.  There is no need to meet auto-ship requirements or hold inventory in your garage.  And, digital products often include the best training available in Internet marketing.

 

Internet Home Business Characteristic #3:  It must not have qualification requirements.

Qualification requirements are associated with most direct selling companies and MLMs.  There are a lot of excellent companies out there.  But, they all have requirements you need to meet in order to qualify for commissions.  In other words, you have to sponsor two, three or more people into the business before you can earn commissions. Most people who start with these companies never get out of the “starting gate’ because of these requirements.

 

Internet Home Business Characteristic #4:  It must be available globally.

After all, the Internet is global.  This enables you to work with people all over the world, and to establish long-term business relationship with people everywhere.  This also provides you the opportunity to help people with their own business development process all over the world.

 

Internet Home Business Characteristic #5:  It must pay 100 percent commission.

This is the really super part, but it is very difficult to find a company that truly pays 100 percent commissions.  Why settle on selling someone else’s products to make them successful.  Most companies pay out 5-10 percent commissions.  Some pay higher.  Some pay bonuses if you generate enough business.  Why not earn 100 percent commissions and put the money in your bank account, rather than someone else’s?

 

Internet Home Business Characteristic #6:  It must be easy to duplicate.

In other words, does the company have a step-by-step formula for you to duplicate?  It just does not make sense to join a company, then have to figure out what works the hard way.  This causes frustration, particularly with people just getting started in this industry.  That is why so many people fail. Does it show you how to advertise, market and promote the business? Does it provide you the tools to market your business.  This is duplication.

 

Internet Home Business Characteristic #7:  It must have a strong team culture.

In many ways this is similar to duplication.  A strong team culture means having strong leadership. Surround yourself with winners… real leaders in this industry. Successful Internet marketers that provide you the tools and the training to succeed.  For example, the TeamTissa marketing platform which helps you create leads and follows up with your leads.  The same is true for the Empower Network  Home Business.  And, Team Take Massive Action!  This team culture assists you build your business.

 

Internet Home Business Characteristic #8:  It must be fun.

That’s right… fun and entertaining.  You need customers in your business.  You need to learn how to engage with them and lead them.  In other words, you need to coach them and help them succeed.  Its proven, that you can engage with your customers in more effective way if you are fun and entertaining.  Sure, you need to provide them information… just learn how to do it in a fun manner. 🙂

 

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Get Cash Back When You Shop on the Internet

cash back on shop.comShop.com provides an excellent Internet home business opportunity!  If you shop on the Internet, you can make money on the Internet! Get Cash Back with a Preferred Customer account at Shop.com.

I have never seen anything like this!  Shop.com through its parent company, Market America, has a CashBack program which allows Internet shoppers to  shop for over 35 million products through over 3,000 partner stores and earn cash back on all their purchases.

Market America has a proven track record!  According to Wikipedia:

“The company was founded in 1992 by JR and Loren Ridinger. Market America now serves more than 6 million customers and over 180,000 Shop Consultants worldwide. Headquartered in Greensboro, N.C., the company employs roughly 650 people worldwide in the United States, Australia, Canada, Hong Kong, Taiwan, the Philippines and the United Kingdom. Market America sells household supplies, jewelry, personal care products, auto care, cosmetics,nutritional supplements, custom websites, water purifiers and more. It conducts business through several affiliated companies and was ranked 61st in Internet Retailer’s Top 500 List.”

I have mentioned before that I recommend you not put all your efforts into one Internet home business.  Your Internet home business should include a variety of income producing sources.  Plus, it gets even better if your income producing sources are producing residual income for you and your family.  And, you can take advantage of this opportunity with a company that has a proven track record for success with 2o years of experience.

And, that’s what Market America offers through Shop.com.  Let’s face it, we are all shopping on the Internet.  So, why not get paid to do it?  With over 3,000 partner stores, you are sure to find those that you visit on a regular basis; Walmart, Target, Home Depot… just to mention a few.  All you need to do is establish a Preferred Customer account.

Plus, it’s entirely free to join.  Just sign up as a Preferred Customer under an existing distributor.  I’m a distributor.  Here is my Shop.com link: http://shop.com/rsamara.  So, just click on that link.  At the top of the page you will see a Sign In link.  You simply register your account and you are on your way toward earning cask back on everything you buy on the Internet.

There are two distributor levels that you can join, but that’s not the topic of this article!  I don’t want you to join anything!

I found this Internet home business to fit an ideal I was searching for.  I simply wanted to show people that if the right opportunity was presented to them, they could make money on the Internet without investing any money.

Here is an excellent video by Marc Ashley.  In this video, Marc will explain all the features of the Shop.com Cash Back program.  There’s a lot to digest here.  It’s an amazing program.  Let me give you some more great information before you watch Marc’s video!  If you establish a Preferred Customer account under me, I will invite you to my free webinar series that will go into greater detail on how you can maximize your Preferred Customer account.

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Become a Webmaster to Build an Internet Home Business

Become a Webmaster to promoter your Internet home businessToo many people, I am fairly certain, think that becoming a webmaster seems like an overly complicated and technical chore.  It really is not.  If you want to build an Internet home business and market it on the Internet you really need to become a webmaster.  If you want to market your home business by holding hotel meetings, placing signs along your local streets and highways, developing and paying for print ads, as well as by using other old fashioned and expensive methods, then sure… you do not need to learn how to become a webmaster.  Short of that, you better get started.

Here are three essential things you need to learn to become a webmaster:

Do Not Pay Money for Traditional Software Programs!

Programs like Dreamweaver or FrontPage are great programs; however you need a basic understanding of HTML code to make them work for you.  Learning any type of computer code is a very complicated process and the software is expensive!  Prices for Dreamweaver start at around $700.  You are more likely to go broke and lose interest in your Internet home business if you pursue this route without a fundamental understanding of HTML. And, if you want to start learning about code, you are not going to find enough answers here!

Plus, these are only website building programs!  There is another side to this very important equation.  Assuming you can build a website, what comes next?  Where do you put it?  In other words, how do you get it on the Internet?

Find a Top Web Hosting Company with Great Customer Service!

This is where the “rubber really hits the road!”  This is where you put or host your website. This is your vehicle that gets it on the Internet. If you use a program like Dreamweaver or FrontPage, you are simply building website pages.  You need to host these pages.  In other words, you need to get these website pages loaded onto your hosting account.

This is not like using a word processing program, like MS Word and uploading or dropping files into your hosting account.  That’s because these files are written in HTML code.  You need to do, what’s called, an FTP (File Transfer Protocal) transfer to upload your files to your hosting account.  This is another process you have to learn.  In fact, it is a very important process.  But, you can easily learn that in due time.  It is rather easy once you have done an FTP transfer a few times.  However, if you are trying to learn how to use a program like Dreamweaver, along with getting a grasp on HTML code and add learning how to do an FTP transfer on top of this, you can get very frustrated… FAST!  This can set your goal of building an Internet home business back in a huge way!  Believe me, it did for me!

Combine your Website Building Software Solution and Web Hosting Company into a Small Monthly Payment at Under $10.

…while saving both time and money; but more importantly, it helps you achieve your goal of building an Internet home business much faster and more efficiently!

I have written about Host Gator and Host Then Profit before.  Either one of these hosting solutions will get you where

you need to be. Both hosting accounts provide you cPanel and WHM.  WHM, See what you get in cPanelor Web Host Manager is a great and easy to use program that allows you build a shell for you website.

cPanel includes such things as establishing professional email accounts for your business.  In other words, you do not have to use your Gmail, Yahoo, Hotmail account for your Internet home business.  You use your own domain name. So, if your domain is www.einternetmarketingservices.org, you can and should use something like rick@einternetmarketingservices.org as your professional email address.  This enhances your credibility, plus you can always forward any email to this address to your Gmail, Yahoo or Hotmail accounts should you choose to do so.

cPanel also includes a program called Fantastico Delux.  Fantastico includes a script for WordPress.  A script is a prebuilt software package.  Technically, the industry refers to it as a content management program.  It’s like getting Dreamweaver or FrontPage free with your hosting.  There is no need for building pages, then uploading them to your hosting company. This is all self-contained.  WordPress has become the industry standard for building websites.  And, it’s free.  There are hundreds, if not thousands, of free templates to use.

I’ve covered three essential or key topic areas that if implemented, allow you to quickly become a webmaster.  This is a start!  There are other articles that take you to the next step!  Please see: 11 Essential WordPress Plugins for Your Home Business Website.  I’ll continue to supplement this training with videos and articles on related subjects!  If you haven’t already done so, please go to the very top of the right sidebar and enter your email address into Subscribe to How to Build an Internet Home Business via Email.  This will ensure that you are notified when I make a new training post.

 

This article on becoming a webmaster is, in many ways a follow up to that article.  If you learn the skills to become a webmaster, you can take this skills and market them to local businesses.  Local businesses in your town or city are literally crying for this service… particularly if you learn how to do it right!  It’s a very rewarding service that you can provide the small business owner!  For more information, visit Internet Marketing Services for Small Business.
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