Keep Track of Your Earnings

The first thing you need to do in order to prep for tax time is to keep accurate track of your earnings. If you have affiliate links on your blog that are earning you some cash, for example, you need to keep track of the money you earn each month from these links. If you are selling a product such as an ebook, you need to keep track of these sales as well.

Fortunately, many affiliate programs will provide you with monthly statements and annual statements that summarize your earnings. In addition, if your customers use a company such as Paypal to purchase products from your site, you can make it easier to keep track of your sales by setting up separate Paypal accounts for each product or blog you own. Not only will this help you keep better track of your income, it will also make it easier for you to monitor the success of a particular product or blog.

Taking Advantage of Deductibles

As a business owner, there are also many deductibles that you may be able to take advantage of. Be certain to keep track of all of your business expenses in order to keep your overall tax burden down. You may be surprised by all of the items you may be able to deduct from your taxes. Some possible deductions include:

• Business expenses for the use of your home if you do your work from home

• A portion of your utilities if you do your work from home

• Expenses related to travel associated with your blogging business (i.e. for attending conventions)

• The cost of purchasing equipment associated with your blog, such as your computer, your printer and printer paper

Of course, it is best to consult with an accountant in order to be clear on what can and cannot be deducted from your business expenses. This way, you can be certain you are filing an accurate return that you can stand behind if you happen to be audited. And, remember, if you are filing your taxes as a sole proprietor, you and your business are not considered to be separate entities. Therefore, your business tax burden is your personal tax burden as well. In addition, your income will be taxed as a small business as well as part of your personal income, so you want to take advantage of every deduction possible!

Benefit #1: Performing Market Research

Simply put, surveys and polls help you get to know your audience better. Although you should have already conducted some market research in order to get to know your target audience better, surveys and polls will help you get to know the people who are actually reading your blog. Armed with this information, you can create posts that are more to their liking and you can add features to your blog that will help you keep your audience happy. If you are trying to make money with affiliate products, polls can also help you when it comes to selecting the products you will try to sell on your blog.

Benefit #2: Starting a Conversation

Polls and surveys are often great fodder for getting conversations going. One on hand, you can ask a question with your poll and then ask your community members to explain why they provided that answer. On the other hand, the results of the poll or survey can often stir up additional conversations – particularly if the topic is one that is controversial. In fact, using a poll or a survey is a good way to introduce a controversial subject for your readers to debate without you having to take a strong stance on either side.

Keep in mind that you will have the option to allow your readers to view the results or to keep the results closed as the survey is taking place. If you don’t want the responses to be skewed, you might want to keep this feature closed until after you have conducted the poll.

Benefit #3: Keeping it Simple

Polls and surveys are also beneficial to the blogger because they are pretty easy to set up. So, if you have a day when you really can’t think of anything to write about or you simply don’t have time for a post, putting up a survey or poll will still interest your readers without taking so much time to create.

Although polls and surveys are relatively easy to create, this is not to say you shouldn’t put any thought into the one that you create. Rather, make certain you ask a question that involves a topic that is meaningful to your readers. Also, make certain your answer choices are clear and well-defined. That way, you will get an accurate response to your poll or survey and you may actually be able to use the information to further improve the content of your site.

Your favorite thing about having a blog may soon be this – they naturally attract search engine traffic. Blogs already have optimized site architecture. Most are set up with a clear navigation, where every page is set up to link back to the other main pages. They also have the inherent potential to be well-linked.

Primarily a site should be designed for the user, with search engines in mind. Google tends to talk out both sides of their mouth when they say, “Don’t do anything special for the engines”. Yet, they create a webmaster tool center where you can submit a sitemap, and get information about how the engines see your site, errors and what key phrases your site ranks for. That gives new site owners a little bit of confusion.

I like sites that are easy to navigate, pleasing to the eye and that help sell whatever it is you need to. Pages should be set up as landing pages. The great thing about your blog is that it can get so well-indexed that you have the potential to show up for any number of four word phrases that are relevant to your industry. This way you can give the visitor everything they need to make a purchase or fill out a form. At the same time you can optimize these pages for the engines and use the pages for your PPC campaigns. I believe in doing sites this way. It brings the visitor a much better experience.

The perfect site is not only user friendly, but optimized for the engines. You need to target where people go to in order to provide them with the information or product they need. There is nothing worse than having people landing on a page that is optimized for a phrase but offers no information about it… It brings the user a bad experience and you a missed sale or lead. You have a choice. You can target a general high traffic keyword you have little chance of ranking well for and get barely any traffic. Once you have a page optimized, you can streamline the transition from viewing what you have to offer to facilitate a purchase. You can also provide related content and links. This, in turn, will help with you PPC because Google is now checking to see how relevant your landing pages are to the keywords you buy.

As an Internet marketing strategy, SEO considers how search engines work and what people search for. Optimizing a website primarily involves editing its content and HTML coding to both increase its relevance to specific keywords and to remove barriers to the indexing activities of search engines. Sometimes a site’s structure (the relationships between its content) must be altered too. Because of this it is, from a client’s perspective, always better to incorporate Search Engine Optimization when a website is being developed than to try and retroactively apply it.Make a good quality site that will attract natural links to it in order to obtain any form of long term presence within the search engine results page.Make a good quality site that will attract natural links to it in order to obtain any form of long term presence within the search engine results page.

Word of Mouth: The internet’s impact on ‘word of mouth’ advertising has been huge. The invention of social networks and media sharing facilities has put thousands of likeminded people in touch with each other in ways that were impossible before the web. If you have a great product that a particular group of people will really like, you can be sure that it’ll be talked about on the web.

PPC/PPI Advertising: Pay per Click advertising and Pay Per Impression advertising will both cost you a little bit of cash, but you can build a campaign relatively cheaply and reach many thousands of people for extremely low cost. PPI is best for generating brand recognition on the whole, while PPC is ideal for deployment to key demographics who might want to read more about your product or service.

Affiliate Systems: Affiliate systems are a great way to sell medium to high cost services. Using an affiliate system allows you to put your affiliates in charge of your advertising. They are rewarded only for sales converted from their links, and so the burden of advertising, and the large rewards, rest firmly upon your selected affiliates. Be prepared to give away a significant percentage of your profits though, as good affiliates work hard to promote your product and expect payment in kind.

Mail / Software use: Last but certainly not least is the use of bulk e-mailing and software advertising. These are generally considered to be distasteful and annoying advertising methods but are certainly effective. Consider your business relationship with its customers very carefully before you undertake such a project. While these are ideal for one shot small purchases, they can alienate more picky customers.

Get Your Feet Wet

Before you turn in your resignation and hit the web, it is a good idea to get your feet wet in the world of blogging. Spend some time reading some blogs and interacting with blogging communities so you can get a better idea of how blogs work and how the communities are built. You might also want to guest blog for some of the more popular blogs or even write blog paid blog posts for someone else so you can better determine whether or not writing blogs is something you enjoy. Of course, you can certainly set up a free blog with a site such as blogger and you can get started with your own blog. If you notice that your blog is generating some interest, you may very well have found a way to leave the rat race and start a successful home based career.

Monetizing Your Blog

After you have successfully built up a community with one blog, you might want to start dabbling in different ways to monetize your blog. Allowing pay-per-click advertisements to be placed on your blog is one way to monetize your site. You might also want to get involved with affiliate products and look into selling them through your website. Another option is to sell advertisement space on your blog. In fact, if your blog becomes popular enough, you will find people coming to you and asking to place their ads on your blog.

Spreading Your Wings

If you find that you were able to make one blog a success, you might want to start looking into creating additional blogs. The key is to make certain you don’t overburden yourself by creating more blogs than you can keep up with while still holding down your job. After all, building a successful blog takes time and maintaining a successful blog requires making a commitment to add new blog content on a regular basis. Therefore, you don’t want to have so many blogs going that you cannot keep up with them.

Until you start earning enough income from your blogs, you may have to juggle both your regular 9 to 5 job as well as your blogging business. But, once your blogs take off and you start earning a decent amount of cash from them, it just may be time to spread your wings and jump into blogging full time!

1. Affiliate Marketing: Affiliate marketing is a fast way to start making money quickly. Because you don’t have to worry about creating or designing your own product, you can get started quickly. You are a given a link to a completed website and the only thing that you have to do is to promote it. While this used to be far easier a few years ago, it can still be very profitable. It will just take a little bit more work. Consider creating a simple website that provides information on the same topic as the affiliate product you are trying to sell. Be sure to collect email addresses, as you may be able to market other products to this same group. Market affiliate products using articles, social networking sites, forums and pay-per-click.

2. Selling Your Own Product: Selling your product is another great way to make money online. Depending on how you go about your product development, this could be a fast or slow process. One way to speed it up, if this is a concern, is to purchase PLR rights. Often times Private Label Rights come with a ready made website. For a few bucks, you have your very own e-book and website to sell it from. However, this method has its’ disadvantages, namely, other people will be selling the product and perhaps for cheaper. To combat this, consider, re-writing the sales letter and purchasing new graphics. Also add special and unique bonuses to make your offer appear more attractive.

3. Ebay: Many people are still making money on Ebay. Ebay has cracked down on digital products. However, you can still sell them, just put them on CD and send them out. You can also use the classified ad format listing to sell digital products. I use it and have had some success. If you want to sell physical products, find a good drop shipper or wholesaler.

4. Offering Services: If you have a marketable service, this is a good way to make money. Many people make money by writing articles, Press releases and site reviews for other webmasters. Other people offer coding and web design.

5. Blogging: Blogging can be a fun way to make a lot of money. The way to accomplish this is to first, monetize your blog. You can do this by selling affiliate products, your own products, selling advertising space or placing Adsense like ads on your blog. Also be sure to optimize your blog for the search engines just like you would a website. Next you need drive traffic to your blog and develop a following. Writing press releases, articles, joining forums and pay-per-click, are all ways to get traffic to your blog.

Before you start writing your e book, consider promoting your articles and sample features across different websites and other online platforms. It is important that an interest towards your book is generated before you actually launch it. Once you sit down to actually create your e book, try and keep it interesting visually and textually – use graphics and images if your topic permits. Online is a format that readers are used to see as being colorful, intuitive and interactive. If your e book can also incorporate such elements – people will have a good time enjoying your book and you can move away from the traditional book reading experience thereby giving the reader a different experience.

Writing an e book is similar as that of writing a book – the difference is mainly the challenge to keep the e book precise and to the point. Computer screens are not the first choice for any reader to enjoy reading – so the closer your e book content is to the topic, the lesser time will the read need to spend in front of the computer screen.

Today there are a number of online libraries with enviable collection of e books that you can lease or buy. This indirectly means that selling e books is also revenue-generating online business prospect. To create a storehouse for e books, you will first need to acquire some web space to host the e books. You may want to float a website or share a server with your loyal readers and customers. Then you will need to decide on the features that you will allow in the website.

• Should there be download facilities?

• Should the reader be able to read it online only?

• How much should you charge for each e book reading?

• If the reader wants to download the e book, then how much would you charge them for?

Next you must finalize on the design and the layout of the website, keep it intuitive and easy to navigate. Use graphics and images to keep it appealing. Then advertise your online library to relevant sites – for examples book forums, groups of readers and other libraries. Use the traditional online marketing and advertisement tools to promote the site. Once your library is up and running and you have regular readers, you will just need to look at promoting it at regular intervals and updating your collection. This is truly a low-investment online business that you can keep as a side business and concentrate on more businesses that you may be interested in.