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That’s a good call to register your blog as a business. Let us know how that works and the steps involved! That would help everyone!
Thanks.
it’s easy that you just need to get a business lisence and set up an accounting for this business (incuding income and expenditures).
“Help out more around the house ”
You may hire a hourly maid to do that, if you are good at making money
I’m glad to know you. Ireally envy you that you have such a good growth surrounding.Wish your dreams come true and Happy new Year
[...] Baglady recently mused about setting her blog up as a business and earning income from it. A number of bloggers who have typically been employees and are thinking [...]
These are some very nice goals you have here, Baglady. Regarding setting up your blog as a business, it actually isn’t necessary to incorporate, register as a business, or get a business license. You just file Schedule C with your federal income taxes, saying that you have a sole proprietorship, and you can deduct expenses (as well as pay taxes on income).
This is not to say that there aren’t any advantages to registering as a business, but I wanted to offer that information. Be sure to let us know what you decide to do!
That’s an ambitious goal to get 1,000 visitors a day, but I’m sure you can do it! It would be interesting to find out more about your decisions on how to report your blog income. I echo the comments of others here who want to hear about that experience as you go through it since it would be very helpful to those of us out in the blogosphere.
@mike: Actually my hubby refuses to hire a maid. I am also too cheap to do so.
@Hunter: Yup, actually I have filed schedule C before when I worked as a contractor. I was able to deduct some of my driving expenses and computer expenses. My blog income is a lot smaller than my former contract income, though. I think for 2007 I earned a total of $200 or so on this blog.
@calgirl & Brooke: I will definitely write about what I do here!!
I really enjoy reading the content of your posts, so I check your blog regularly. Have you considered enhancing the visual appeal of your blog? I have found that may be a factor in why some blogs grab my attention longer than others.
[...] in the first day of July I think it’s time for a mid year review of my goals for 2008 which I set on 12/31/2007. Personal [...]
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