Are you tired of spending your last dollar trying to support your family? No matter how hard you try, you just don’t have enough money. Are you overworked but underpaid or don’t have a job? Than the information contained In this article if applied can enlighten one to see that there is another way, and Uncle Sam wants to help!What about the Actual cost of Running Your Business?The bottom line answer is that they’re normally 100% tax deductible! The cost of starting-up your home business, promotional materials, product samples, meeting attendance, internet access fees, special phone services, fax lines, lead lists, web site fees, 800-numbers, printing cost, brief cases, business cards, home office furnishings – ALL can be 100% deductible if they are used 100% for business. The rule of thumb is this: any expense you incur because of your business, that you would not have incurred if you didn’t have a business, is probably deductible.The Key to your BIGGEST deduction may be in your Ignition!Many people in home based-businesses can honestly and legitimately deduct $3,000 to $5,000 or more per year, for using their personal vehicles for business purposes.Keeping a 90 day Log once a year, showing the date, Destination, Primary Purpose and miles traveled for each use, are the only records most people need to keep.Note that only the primary purpose of each trip needs to be recorded, so if you combine a personal errand with a necessary business errand, the vehicle use is still tax deductible, as long as the personal errand did not add any additional mileage.Tax laws even give you a choice of methods of computing the value of your deductions. Figure the deduction both ways, and use the one that benefits you the most.Even Family Trips may be Deductible, if you plan them Correctly.If you know the rules, you can combine business with pleasure (mostly pleasure), and can usually deduct 100% of your travel cost, 100% of your hotel, 100% of your ground transportation, 100% of tips and gratuities, and 50% off your meals-all as Business Expense. Even if most of your time is spent “playing” and sight seeing with your family!ALL Health Costs for Your Entire Family can be Tax deductibleBut ONLY if you own a BUSINESS. Most other taxpayers can deduct only health care cost that exceed 10% of their taxable income. Except YOU! Owning a Home based Business gives you an IRS approved option for writing off ALL non reimbursed health costs. And, it applies to all members of your immediate family in addition to you.Coverage can include insurance premiums, annual deductibles, co-pays, non covered expenses like orthodontics, natural or holistic remedies, and even some over the counter drugs.We’re Talking about Major Tax Savings with a Home Based BusinessWhen the average entrepreneur understands what tax breaks are available to home based business owners, how easy it is to qualify, and how simple record keeping requirements are, the new deductions will usually slash their taxes dramatically, sometimes up to 30 to 40 percent or more!That means thousands of dollars in tax savings, which produces thousands of dollars in new, additional tax refunds, year after year, for as long as you are actively running your business and making (or trying to make) a profit.Fair Warning:The Cost of Procrastination is HUGE!Every morning just before you leave home for work-from now until the day you start your home based business-open your kitchen window, throw a $20 bill out of the window, and watch it blow away in the breeze. Do that every morning until the day you begin your own home based business.Every single day that you do not have a home based business, you are throwing away about $20 in overpaid taxes! Taxes are bleeding you to death. But you can control the bleeding NOW, by starting a Home Based Business this YEAR… RIGHT NOW!
A Guide on Successful Product Creation and Internet Marketing
Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.
The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.
It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!
With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.
With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.