If you haven’t tackled your Tax Return yet this year, you may not realize the impact your W-2 Income has on your life. While you’ve dedicated your life to the 40 year plan of working for someone else, your tax burden becomes more and more the higher your wages get.
One Tax client resorted to cutting his hours, because his wages took him to a higher Tax Bracket. However, there is a better way.
Earn more, keep more, and have more control over your investment and earnings.
A small home based business empowers you at Tax Time and Creates the added bonus of Incentive Income. If you’ve always thought you couldn’t do a home based business, for whatever reason, consider this: Your wage earner knowledge is important. There’s a niche for your knowledge or no one would pay you for it.
Step this way, right out of your comfort zone and let’s get started building you a future based on what you already know.
Step One: Determine exactly what it is you are paid to do.
This is commonly known as your niche. The job you do that keeps those paychecks coming can make you more money when you think of it as a Niche Market. Whether you wait tables at a truck stop, sell used clothing at a thrift shop, or work in a highly esteemed law office, your job has value and you have acquired intimate knowledge of your niche.
Step Two: Define it with keyword identification and label it.
Now that you know what you do, define it using keywords, and label it with a moniker that will be recognizable in your chosen field. Truck Stop Waitress, Thrifty Fashion Coordinator, or Para-Legal Secretary are the immediate names that come to mind, but you should define your job with words you would look for on a Google search, and choose something with some Pizzazz but not so unique that nobody will think of it.
Step Three: Choose an identity you want to live with and promote.
Now that you’ve got your niche, you defined it with keywords, you’re ready to identify it with a moniker that speaks to the multitudes of Internet Surfers and brings them knocking at your Internet Door. This name will be your Site name and Site address, so select something short, snappy, and to the point. Your moniker will be your Site name, and with some variation your site address. For instance: Truck Stop Waitress might be www.truckstopwaitress.com or Thrifty Fashion Coordinator might be www.thriftyfashions.com or Crime Fighting Legal Secretary might be www.crimefightsec.com, any of which would serve very well as your site address or site name (feel free to use any of these if available).
Step Four: Begin creating content for your site.
This is an important step. Before you get your site, you need to have some content ready to place on the site, and be ready to upload your content, either by copy/pasting into the post area, or by loading into your web pages. At the very minimum you’ll want five pages of ‘content’ including (but not limited to) an introductory paragraph, a description of who you are and what makes you an expert in this area, contact information and several ARTICLES you can use to Market your site.
Step Five: Set up a Blog or Web Page using the information above.
Using the information in your five pages of content, set up a free blog, to get you started and start working on web page development. Create your site using some basic ‘site creation pages’ and learn the process of managing your files. You can do this on free sites and quickly move into regular sites, or you can do this on a program you purchase and build the sites on your computer to upload to your website. Either way, you’ll want to keep track of what works for you, and what doesn’t. A small journal of your experience would be a good thing to start. Include all your expenses and time, details of what worked and what didn’t, and write something about your experience, including the time and date, every time you work on your business.
Your working journal becomes your guide to taxable income, tax deductions, and time management. As you keep the journal you’ll be researching what works for you, how much time you spend achieving your goals, and what you spend to get where you want to go.
Topics you’ll want to spend time researching include: affiliate marketing, Google ad sense, product design, and passive income streams. There are a wide variety of topics out there. I highly recommend you sign up for some ezine, view some of the products, participate in some online forums, and concentrate your efforts on learning for a few days prior to starting your website. However, don’t be afraid to actually get your feet wet with some early extemporaneous design, it will be beneficial to your educational process.