Do you recall the days when you first began your home based business? Maybe you did so much research that you felt you were practically an expert on the topic. It’s time to have a online business refresher course, so to speak. The information here will help you recapture the excitement you felt when you began.
Did you know that your Internet is tax deductible when you own your own home based business? You will be able to deduct a percentage of your annual bill against your taxes, that percentage will be dependent if it is used for personal use as well.
If you need to spend time driving to get things done for your business, it’s vital that you record your mileage and keep careful track of all your receipts. Even if these expenses aren’t much, you should be able to get 100% deducted from your taxes. However, you need to be able to prove that that the travel is necessary for your business.
If a home business is your main source of income, a fallback option is key. You should have plans ready for any type of web hosting issue or a product isn’t received. Planning for such events will ensure that your needs can still be met.
It is wise to have a business line and a personal line for your phone service. You have to keep your professional reputation in mind, not to mention the fact that others in the household might answer the phone without the professionalism required of someone running a business.
It is important to determine what the going rate is for your product or service. You should so this prior to marketing and selling. Look at the prices of competitors and attempt to offer more competitive pricing. Negative speech about your competitors will not generate business. If your product or service is sound, proclaim its benefits.
Opening a checking account that is only for your business will help you keep track of what you are spending. Make sure all orders and expenses go through this account. It’s the best and most accurate way to keep track of your business’s activity. The credit card you use to make business purchases should be separate as well.
Make sure you put real efforts into making your current customers very happy. Satisfied repeat customers are easier to get sales from than new ones. If your customers are happy, they will come back.
Pay attention to and obey any local laws, ordinances, and zoning requirements related to businesses. You can save yourself needless embarrassment and avoid fines as well. Keep a low profile and try to fly under the radar with the law. This may mean no signs, and try to minimize the amount of traffic and noise you create. Try to be as courteous as possible.
Finally, you need the same fire in your belly that you had for your online business when it began. Success only comes to those who put the effort in. Start putting these ideas to work for you right away.
To your success
PS: I Show Network Marketers How to Recruit More Reps, Get More Leads and Become a Top Earner in Their Network Marketing Company. Who else wants to discover how to rake in over 7,000 leads, earn tens of thousands in affiliate commission and get paid even when you sleep?
Click this link for more information. Planning-4-Success
If you enjoyed this post retweet and comment please…thank you
