Browsing Category: "Other/Random"
So, I’ve run into various places in which you get paid for your ideas but to me, it’s all on an honor system and believe it or not, a lot of people are not honest.
There are plenty of websites like this. The very first one I ran into was a website in which you come up with domain name ideas for potential clients and if your domain name idea gets picked, you get paid.
The one I noticed most recently was on Sitepoint. They have a new section on their website entitled “Name My Thingy” in which people post what they are looking for and you guys come up with the idea and get paid for it. The thing I’m not a big fan of is the simple fact that you really have no way to prove an “idea” is yours.
Of course, you can go through the whole legal system, create a blueprint of your idea and get it copyrighted but then again, who really wants to go through all that hassle to get paid a few dollars? A few hundreds? Okay, if it were thousands, then I would definitely consider getting my “idea” copyrighted.
As internet entrepreneurs making money online or running a business, you’re going to need to budget and deal with taxes. Since I’m getting more into the business aspects with my online entrepreneurship, I figured I would get you guys a list of tax deductions for 2009 so you can deduct as many things as you can to save money.
I already mentioned on previous posts Tax Deductions for Self Employed and Tax Deductibles for Self Employed Online Entrepreneur a few of the big things you can deduct but below is a bigger list that I tried to get together for those of you guys that will be doing your taxes for your online businesses.
On this post, I will try to list as many things as I can that you should be able to deduct mainly regarding your online stuff. This is to help you guys out especially if this is the first time you’re doing taxes for your online business… or maybe you just want to find out more things you can deduct. 
Okay, so here we go…
- Office Rent
- Utilities for your work space (electricity, internet, work phone)
- The interest on business loans
- Work supplies (for instance, you need a desk, chair and computer to work online)
Read the rest of this entry »
Another year over and since I just reflected on how I did with my 2009 goals, I figured I would go over some of the best posts on DatMoney incase you guys missed it and some of the best things that came from DatMoney in 2009.
The Best Things That Came From DatMoney 2009
A lot of good things have come from DatMoney in 2009 but probably one of the best was failing in various aspects. I think you can’t fully succeed without failure and when I first started my online entrepreneurship with a former business partner, we failed miserably but we learned a lot from these failures.
Anyways, here are some of the best things that came from DatMoney in 2009:
I Did Not Sell My Blog – I’m sure you guys remembered when I put DatMoney for sale and I got a mixed review from people. Of course, the reason why I was selling in the first place was to have financial backup incase my day job didn’t work out. I had a few serious bidders but I never hit my reserve so I stayed with my blog so unfortunately for you guys, you’re going to have to continue to deal with me. 
But I’m hoping to provide good content, things you guys can take and learn from and hopefully build relationships. Speaking of relationships…
Built Great Relationships – One of the best parts of having a somewhat reputable blog is the fact that you end up networking with a ton of people and build great relationships. Yes, a lot of them are business relationships which help you develop for the future but more importantly, the friendship. And although this may sound cheesy but friendships last a long time and sometimes having a friend is better than just a business partner.
It’s always a good thing to revisit your goals and of course, analyze your stats. Well, around the same time last year I decided that I would actually set some goals for myself for 2009. I didn’t set too many as I didn’t want to overwhelm myself but even this short list made me really think.
Let’s go over the five main goals I set for myself and see how I have progressed.
Increase my RSS Feed Count to 1,500 - Obviously, I didn’t succeed but then again, I didn’t push as much as I should have. I believe I started the year around 700, give or take, and I’m currently sitting somewhere around 1,050ish.
When I came up with that goal, I figured I could easily double up my numbers over a span of a year. Unfortunately, so many things happened this year which also included the fact that I was going to sell this blog! Of course, that didn’t end up going through which is a good thing.
Technically, it was a failure but I did increase my RSS Feed count by 150% over the course of the year. so, although I didn’t meet my goal I did make good progress.
Make $1,000/month from this Blog Alone - Another fail! Like I mentioned previously, I considered selling this blog and even put it up for auction which seemed to have hurt my value a little bit. Of course, it started to pick up a little more of late as I get back into the swing of things.
When I came up with that goal, I was figuring I would make somewhere around $12,000 within the year. I just figured if I could average $1,000/month I would meet that goal especially given the fact that with online entrepreneurship, revenues tend to fluctuate month to month. And things come up that sometime require your attention too which takes you away from the entrepreneurship.
It’s getting close to that time to get all your receipts ready for your tax deductions for self employed especially if you are an online entrepreneur such as myself. And yes, any money that you make online (in United States) will be taxed. And yes, you are supposed to report all of it. But of course, you can potentially save a lot of money by writing some expenses off.
I know the year isn’t officially over and technically you have until April to get all your tax documents in but it’s always good to get an early start. Matter of fact, you should have probably been tracking all of your income, expenses and remembering to save all those receipts to begin with.
Before I go on, this post is directed towards people paying taxes in the United States who have made money online or by being self-employed in any way. I know there are other countries in which they don’t need to pay any taxes whatsoever. And for the ones that do, I don’t know the details for them.
Earlier this year, I wrote a post on tax deductible expenses for self-employed online entrepreneur in which I listed a few key things that you can write off. You can check it out especially if this is the first year you’re going to do taxes for your online income.
