I?ve been jobless for quite some time now! Am I worried about it? No way. I have decided to take my own destiny in my hands and join the many entrepreneurs in self employment. Not just self-employment, but home based business.What is the difference between self employment and home based business? Just this ? if you take a break and go skiing for a week and you make no money, you?re self employed and own your own job. If you make money while skiing, you have a business.I like to make money while skiing, and you can see my family skiing on my website. But this article is about ups and downs. Yes, I have experienced them! I?m still on top of it, and making money ? here?s why: multiple sources of income.The same way that mutual funds invest in a lot of businesses, you have a greater likelihood of making it through the ups and downs in home business if you have several streams of income. The most common ones are network marketing, real estate, stocks and other investments, and franchises.I have experience in several streams and am happy to share my successes because I believe that as I give to others it comes back to me and we all win. Recently there was a slow period in networking and direct sales. I and several colleagues experienced a reduced volume of interested people. The ship did not sink because I have other streams of income. I also do real estate investing and highly recommend it for those that like to see actual physical fruits of their labor. I also have gotten on board the latest vehicle of paid surfing.Paid surfing allows you to make double digit returns on your money by just surfing a few pages for 10-30 minutes a day. Believe it or not, you don?t even have to be there or buy anything! You make money by just having your computer show several marketing pages for a few minutes. This is way cool! Many of these programs have strict guidelines and you have to be careful to follow them, but if you check out my other article ?Get Paid to Surf ? The Next Big Thing?, I explain how they work.Anyone who is serious about making a go of home based business should check out this stream of income. There is a lot more information in my home page listed below. Now I?m off to ski!

Article Source: www.iSnare.com

Starting and operating your own home based business is the ultimate tax shelter.Although this article has been written from a Canadian income tax perspective, the principles should be practical in other tax jurisdictions.1. Non-Deductible Personal Living ExpensesAll of us have expenses that we incur in everyday living.Either you rent an apartment or house or you own your residence. Utilities, insurance, rent, mortgage interest, property taxes, and maintenance and repairs are typical costs of operating your home.Likely, you have a vehicle which also consumes large amounts of cash.Add to this, dining out, entertainment, gifts, alcoholic beverages, office supplies, telephone and many other expenditures, and you have a significant cash outflow.In most cases, as an employee, retired person, investor, student, or homemaker, few of these expenses are tax-deductible to you.This means that you must earn a considerable income, pay your income taxes first, and then use what is left to pay all your expenses.Some employees may be able to write-off some of their employment related expenses, if such are required by their contract of employment. However, even in this situation, the tax deductions are very limited. 2. Your Own Home Based Business Means Tax DeductionsNow consider the situation where you decide to start your own home based business.Suddenly, many of your everyday expenses are now being used for business purposes and are now tax-deductible.If you use one quarter of your home exclusively for business use, you will be able to deduct (or write-off) one quarter of all related occupancy costs. These expenses may include maintenance and repairs (that are not capital in nature), rent, mortgage interest, house or apartment insurance, power, heat, water, and property taxes.As well, your vehicle expenses used for business purposes are another tax write-off. If you use your car ninety percent for business purposes, you can deduct ninety percent of your vehicle insurance, gas and oil, maintenance and repairs, car washes, license and registration, auto club, loan interest (within certain limits), and other costs from your income. You may also write-off one hundred percent of your business related parking. Capital Cost Allownance (C.C.A.) on your vehicle is also allowed for income tax purposes; depreciation is the accounting term for this tax deduction.The Canadian government also allows as a deduction, fifty percent of your business related entertainment expenses.Also tax-deductible are business related telephone expenses, Internet access, office supplies, travel, books, memberships, and a host of other expenditures.3. Income Splitting with Your Home Based BusinessIf you have a high paying job, you will pay higher taxes because the rates of tax increase as your income does.With your own business, you can pay reasonable wages to your spouse and children. In this way, you can legally divert income taxed at your higher rate to your family members that are in a lower tax bracket. This tax saving technique is called income splitting. It is another good reason why your own home based business is the ultimate tax shelter.4. Even a Part-Time Home Based Business WorksEven if you have a full-time job, running a part-time business can be advantageous.Of course, you must actually run a real, moneymaking business. Any attempts to write unprofitable hobbies off will ultimately fail with the taxation authorities.If you earned eight thousand dollars during the year from your part-time business and were able to deduct eight thousand dollars in car expenses, home office expenses, entertainment costs, office supplies, and other business related expenditures, you would have a net business income of nil. You would pay no tax on this additional income.Don`t miss this important point! Although these tax deductions are actual, legitimate business expenses, these are expenditures you would probably have made anyway, whether you had a business or not.Thus, by rearranging your affairs to start and operate a home based business, you have been able to convert non-deductible personal expenditures into legally deductible business expenses. You have successfully sheltered your income from tax and have split your income with family members in lower tax brackets.Yes, indeed, your home based business has become your ultimate tax shelter.

Article Source: www.iSnare.com

1. Why Start Your Own Affiliate Program?Multiple web sites and distributors selling your product can result in increased sales and profits. Unlike conventional advertising, affiliate programs pay only for performance. Commissions are not paid out unless sales are made.Also, with many more web sites linking to yours, your link popularity is sure to increase in search engines, resulting in additional traffic and income.2. Combine a Merchant Account with Your Affiliate ProgramIf your product is downloadable (such as electronic books or software), you might consider ClickBank.com. For a $49.95 initial fee, you can process credit cards and on-line cheques for $1.00 per transaction plus 7.5% of sales. As an added bonus, you have your own built-in affiliate program.ClickBank gives you a listing on their web site and visitors can buy your products and join your affiliate program. You choose the commission rate you are willing to pay. All commission payments are handled by ClickBank. One downside is that you can`t run a two-tiered program. 3. Use an Affiliate Program ScriptIf you are comfortable with running CGI scripts, you may wish to install your own affiliate program on your server and administer the affiliate program yourself.Be forewarned, though, that this is a lot of work. You will be responsible for all the testing, security, commission payments, promotion and so on. Another downside: Will your potential affiliates trust you since their commissions are not tracked and paid by an independent third party?4. Use a Hosted SolutionThere are good reasons for not hosting your affiliate program on your server. Perhaps you don`t have the time to administer all the aspects of an affiliate program. Maybe your time could be used more productively in other areas of your business. Additionally, an independent third party tracking and paying affiliate commissions inspires confidence in prospective affiliates. Finally, you just might benefit from the additional exposure that an affiliate network brings you. ClixGalore.com is an example of an affiliate network. You will need to pay a $75.00 deposit to cover affiliate commissions. They charge 25% of any affiliate commissions paid. For example, if you paid an affiliate a 10% commission on a $100.00 sale, you would pay the affiliate $10.00 and ClixGalore $2.50.With ClixGalore, you can also have a two-tier program. Taking the above example, if you paid affiliates for finding other affiliates, you might pay 2% on your second tier. That would be another $2.00 commission and $ .50 affiliate network fee for a total of $15.00 in commissions on both levels.5. For All Affiliate ProgramsSetup your own web page (or pages) outlining the benefits of your affiliate program. Offer articles, suggestions, text and banner links, and other useful support for your affiliates.Offer a generous commission so that others feel motivated to sell for you. Obtain the e-mail addresses of your affiliates so that you can keep in touch with them to aid them to sell more.For increased traffic, sales and profits, start your own affiliate program.

Article Source: www.iSnare.com

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