I’m not talking about a religious conversion here, but about converting ordinary, everyday expenses to business expenses for savings on your income taxes.
The surest way to reduce your taxes is to convert personal expenditures into allowable deductions.
A network marketing or other type of home-based business allows you to convert a portion of your everyday expenses to legitimate business deductions. Network marketing is a great home based business that takes little investment to get going.
Another tax year has come and gone. With the specter of rising taxes and food prices don’t let another year slip by without taking advantage of the benefits of having your own home business.
Inflation is expected to hit food hard this year, particularly meat, many fruits, veggies, cereal, and dairy products.
Gasoline, heating oil, natural gas, and electricity costs are soaring.
Operating a home-based business is a useful and lawful way to reduce the income taxes you pay and retain more of your hard-earned income. Keeping more of your money is critically important to meet the rising cost of everyday living expenses.
This is no time to be paying more income tax than is required by law. Even if you can only save a few thousand dollars, it is foolish to ignore it.
(I am not an accountant nor am I giving you tax advice)
As a self-employed individual or business owner, you are allowed a laundry list of tax deductions. These are expenses that are necessary and relevant to your business. Here is a list of tax deductions to consider.
Computers, Software, and Supplies, Research Materials, Phone, Cell Phone, Mileage and Travel Expenses, Utilities, Home Office Expenses, Equipment, Supplies, Health Insurance Costs, Insurance, Internet Service, Printer, Copier, Maintenance and Repairs, Upkeep, Advertising and Marketing, Office Furniture, Dues, Memberships, and Subscriptions, Business Licenses, Search Engine Optimization, Tradeshows, Booths, Business Cards, Flyers, Education & Training, Workshops and Seminars, Printing, Postage, Letterhead, Office Supplies, and Wages Paid. Continue reading Convert Before It’s Too Late!
Why are some people peeved about network marketing?
Network marketing or MLM is a legitimate direct selling business structure practiced by over 68 million distributors. It has been regulated by government legislation since 1970.
MLM is a business model that I myself enjoy, and I’ve been involved in the industry for over seven years. I’ve found MLM to be a powerful way for entrepreneurs to earn additional income and own a business with little to no upfront investment.
Some people, however want nothing to do with network marketing. With everything that network marketing has going for it, what keeps many from considering it as a respectable and legitimate occupation? Is it due to misconceptions about the industry or bad experiences they’ve had with network marketers? Most likely it’s both.
I recently read an article on pet peeves couples have about their partner’s habits. Stubble in the sink, flicking TV channels, not replacing toilet paper, and leaving the toilet seat up made the list of top ten things that trigger arguments and damage relationships.
Network marketing is a relationships business. Could people have pet peeves about network marketing that keep them from considering it, or once a part of the business, cause them to quit?
Like others who have been involved in network marketing for some time, I have my own set of MLM pet peeves. And after a little research on the subject, I found other gripes that people have about network marketing.
I discovered that some people have gripes about the MLM industry itself while others are annoyed by network marketing tactics, network marketers themselves, or their upline. Some of the people with pet peeves about MLM are themselves engaged in the business while others are people who have been approached by network marketers, or have observed or experienced network marketers in action.
Here in no particular order are some of the pet peeves people have about MLM:
MLM recruiters who tell you that you don’t have to sell anything.
Sometimes problem solving requires creative thinking (thinking outside the box).
Here’s an exercise to demonstrate.
On a piece of paper draw 9 dots as shown or print this post and do it on the printed picture. Then beginning with one dot, draw no more than four straight lines without lifting your pencil off [...]
A group of social entrepreneurs have selected a worthy challenge indeed.. attacking global malnutrition.
Social entrepreneurs, according to Wikipedia, recognize a social problem and use entrepreneurial principles to organize, create and manage a venture to achieve social change.
They are individuals with innovative solutions to society’s most presing social problems. Ambitious and persistent, they tackle major social issues and offer new ideas for wide-scale change.
Global malnutrition is a huge social problem. According to the UN World Food Programme 925 million people do not have enough to eat. 10.9 million children under five die in developing countries each year. Malnutrition and hunger-related diseases cause 60 percent of the deaths.
Malnutrition is more than a measure of what we eat or fail to eat. It is characterized by inadequate intake of protein, energy and micronutrients (vitamins and minerals) and by frequent infections and diseases. When people are starved of the right nutrition they will die from common infections like measles and diarrhea. Continue reading Social Entrepreneurs And Global Malnutrition
One of the biggest reasons network marketing and home businesses are so popular is that we have the freedom to set our own schedule and to run the business as we see fit. Gone are the restrictions of a 9 – 5 job. We get up when we want, work when we want, and we can even dress like we want.
Be careful though. That relaxed business atmosphere and the freedom to conduct our business the way we want doesn’t mean that we shouldn’t set some personal standards, especially in the way we dress.
We are our own marketing department. It is important to present ourselves and our opportunity in a positive light. One of the primary things prospects look at when considering whether to join us is us. There’s a saying “People buy you, not the business or the product”. They’re buying our ability to help get them what they want, either through our MLM business or product.
We’ve all seen the signs on business establishments, “No Shoes No Shirt No Service”. In our case we could paraphrase that as “No Shoes No Shirt No Customers”. Poor dress won’t recruit new prospects.
Our dress code should always be appropriate for the situation and the people present. Dress can vary depending upon whether we’re making a presentation, attending a meeting, prospecting, or meeting a customer at the door. A coat and tie may be appropriate when our audience is a group of business professionals. Out and about prospecting, more casual dress is appropriate. A polo shirt and nice shorts might get the best results at a gymn. Continue reading No Shoes No Shirt No Customers
I came across an interesting article by Ann Sieg this morning that asked the reader to consider what people see when they look at your business. Here is a link to the video portion of the article.
Ask yourself what people see when they look at your company. This is an important question to ask yourself because people often have a large number of choices available to them when looking for products, services, or a business opportunity. When they look at your company do they see anything that tilts the scale in your favor?
What criteria ultimately influence your customers in making their final choice?
With women in particular, the number one criteria, at 85% in a poll, is the desire to leave the world in a better place. This information is significant when we consider that buying power is weighted with women and that their buying power increases every year. Continue reading Polish Up Your Corporate Halo For More Business
Video marketing has been around for quite some time now. There are plenty of online marketers who are now promoting their services and products with the help of videos. This article will cover a few ideas on how to maximize the return you get from your video marketing. For example, if your aim is to sell a product about cure panic attacks through your video marketing, then you have to clearly explain this through your call to action.
One of the greatest benefits of video marketing is that you get preferential treatment from the search engines. That’s right, even better than text; videos are ranked higher in the search engines. As a video online marketer, you must advance your rankings by giving the search engines enough videos to put you on top. You can take care of this by putting keywords all over your videos. Starting with your title, you have to put your main keyword in your title since this is the major way that search engines see and rank different websites. Continue reading Video Marketing Tips You Can Use Now
A lot of people have grown up to think that they have to compete with others to grab their share of a limited stockpile of resources and success.
This has become the central principle by which they govern their relationships with others. They live their lives according to the belief that meaning is found in a better job title, more “stuff”, or a higher salary.
Many successful people follow a different belief, that true meaning in life is found by serving others. They serve others by adding value to their lives.
This movie illustrates value, or rather lack of value.
Adding value to others is not just a admirable mission but can also be very rewarding in terms of the success the success it brings your business. In fact it is a critical factor in the success of any business. Continue reading Adding Value For Success In Business
If you’re in network marketing, personal branding can help you succeed in your marketing campaigns. The market will recognize you among other players in the business. Connection is also properly established with customers with personal branding.
Why You Should Use Personal Branding
Personal branding adds your touch to the business. Personal branding goes well beyond a sleek logo or a perfect tag line. It is a way of sharing your expertise and own set of values with your target market.
The country music singer Hank Williams, Jr. is an excellent example of someone who has established his own brand. Born in 1949 to country music legend Hank Williams, Hank Jr’s music, dress and persona are radically different from what his father’s was. One of the reasons Hank Williams, Jr. is arguably more well known than his father was is because he stepped out from under his father’s shadow and established his own brand of country music, a brand that was unique from the large body of singers at that time.
Personal branding helps a lot in establishing rapport with your clients. A sense of connection is formed leading to trust and confidence of your market to get what they need from you. Continue reading Personal Branding for Network Marketing
"Cheap" dietary supplement makers are squeeling like stuck pigs over a new FDA rule on synthetic ingredients. http://t.co/uKuemSLu2012/05/12
Makers of "cheap" dietary supplements are screaming like stuck pigs over a new FDA rule on synthetic ingredients.... http://t.co/BFcrWRsV2012/05/12
Short & Shocking video - Know the Truth about the Government Health Care Bill - by page and line. http://t.co/8rxyqNvn2012/05/10
Merchants of despair - How anyone still supports this administration is beyond me. http://t.co/wExBx9ws2012/05/10
Diet drinkers -Aspartame accounts for over 75% of the adverse reactions to food additives reported to the FDA, including seizures and death. 2012/04/25
I’m not talking about a religious conversion here, but about converting ordinary, everyday expenses to business expenses for savings on your income taxes.
