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  1. #1
    Half a Bubble Off Plumb RemodelingGuy's Avatar
    Join Date
    June 1st, 2007
    Location
    Katy, Texas
    Posts
    3,250
    Do You Treat Your On-Line Business Like A BUSINESS ?
    I'm sitting here doing my weekly reports, employee payments, tax and local what I have to pay to others that don't know me crud ...

    I don't do this weekly with my on-line sites.

    They make me over 70% of my entire revenue, but don't get the love that my bricks and mortar businesses get.

    Do you treat your on-line business like a business?

    Jimmy McDonald - Your Local Hard Working RemodelingGuy ( & SprinklerGuy - & GarageGuy )
    StartRemodeling.com .... MySprinklerGuy.com .... MyGarageGuy.com ....
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  2. #2
    Tax Paying Member
    Join Date
    November 14th, 2005
    Location
    Chapel Hill, NC
    Posts
    2,119
    Yes.
    Operate as a division of the B & M business. Same book keeping and tax pay proceedures.
    You must climb this mountain. There is no elevator. ---- Don't stick your finger in the liquid nitrogen.
    Carolina China

  3. #3
    Newbie
    Join Date
    October 1st, 2009
    Location
    NEW YORK
    Posts
    24
    If online business is your business model then you will agree that we have to do the boring part of the job. When the pleasant part, making sales is greater than this latter, then, we get really satisfied, don't we?

  4. #4
    Member Anat's Avatar
    Join Date
    May 11th, 2005
    Posts
    71
    I let my husband handle all the book keeping, and he does it faithfully once every two months... so yes, it's treated like a real business in that respect, but I'm not the one doing it. Whew.

  5. #5
    Beachy Bill's Avatar
    Join Date
    November 20th, 2005
    Posts
    8,266
    Yep - bookkeeping and insurance and an attorney and a CPA with accounting services. This year I hired a (high priced) tax attorney to set up our new structure and have retained a CPA firm to handle (almost) all of the bookkeeping and paperwork. I love building the Internet "things" for the business but abhor the paperwork aspect. I decided it's time to let someone else do "that" stuff - especially since we are considering also becoming a merchant (still in the investigative/negotiations stage).
    Bill / Marketing Blog @ 12PM - Current project: Resurrecting my "baby" at South Baltimore..
    Cute Personal Checks and Business Checks
    If you are too busy to laugh you are too busy.

  6. #6
    Member
    Join Date
    December 3rd, 2008
    Location
    New Zealand
    Posts
    106
    A business? Yes and no.

    It's clear to me that if I put more effort into a website it will make more money.
    But that's speculative - compared to charging out at an hourly rate and knowing I'll be paid when I send the invoice.

    I wish I could make 70% of my income from affiliate sales and online activities. But the reliable customers who pay me by the hour for my 'day job' will come first.

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