Posts tagged ‘Online Business’

February 4, 2013

Basic Outsourcing for Home Based Businesses

Did you know that outsourcing can save you time and money – even if you’re a small home based company? When people think of outsourcing, they often think of huge corporations hiring people in developing countries. In reality, a lot of outsourcing is done by very small companies, by people just like you.
==> How Outsourcing Can Help You

Outsourcing can make all the menial tasks go away. You can outsource a lot of your menial tasks both in person and online.

For example, let’s say that every week you need to scan forums for potential clients. You look through various forums looking for people who’re asking questions. You answer those questions and offer your services. The whole process takes about 5 or 6 hours.

Of those 5 or 6 hours, only 1 hour is actually spent on responding to questions. The rest is spent on locating questions, browsing through the junk and finding people who’re actually in your target market.

Those 4 or 5 hours of time are important to your business, but can easily be outsourced. For a mere $3 to $6 an hour, you can have someone else do this menial task, freeing you up to do more important things in your business.

==> Getting Started

To begin with, come up with a value number for your time. For example, your billable hours might be worth $100 an hour. Of course, you have to put in a lot of work to earn a billable hour. You decide that your time is actually worth about $50 an hour.

So any time you can save yourself an hour of time for less than $30 or $40 an hour, you’re profitable. This is the magic number you use to decide whether or not to outsource something.

Now make a list of all the things you might want to outsource. Include everything from business tasks to personal tasks, like laundry and cooking.

==> Finding Your Outsourcers

One you have your list of tasks you want to outsource and you know your budget per hour limit, it’s time to find outsourcers.

For digital tasks, head over the or and create a job describing the tasks that you want completed. If you have a lot of different tasks that you want one assistant to do, use an hourly rate. If it’s a per-project payment, then pay by the gig instead.

For in-person tasks, use tools like Zaarly or Craigslist to locate people who’re willing to do it. In first world countries, you can generally expect to pay between $10 and $25 an hour for a personal assistant or menial tasks.

This will help get you started on the path to outsourcing. In time, you’ll want to outsource virtually all the non-essential tasks in your business. This will allow you to free up a lot of time and attention so you can focus your energy on actually growing your business.

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November 28, 2012

You Need To Consider The Legality Of Your Web Based Business

Just about the most common myths about working on the web is that you do not have to pay any taxes. For some reason this misconception is something that is quite popular for a lot of individuals who work from home as they think that they do not need to file taxes. One reason many men and women are becoming attracted to a business on the web is because they think taxes are excluded. Before you get too far along with your Internet business, you better get every little thing straightened out, not only about taxes, but any sorts of licenses you will need to have. Although many folks think that a web based business is a thing that will be fun and simple to do, everything that has to be taken care of behind the scenes can make it very difficult and time consuming.

Most individuals who would like to start an internet business have not had any type of experience in running their own business to begin with, which means they don’t know what is involved. I am sure you realize that when folks do not have any experience in running a business a lot of them will automatically believe whatever they hear, such as not having to pay taxes on an online business. It doesn’t matter what sort of business you may have you have to understand that anytime you are making a profit you’re going to need to pay taxes on these monies. By far the most common reasons that people wind up not paying taxes is simply because they honestly believe they do not need to pay taxes when they’re running a business at home.

Given that most men and women work at a job where the taxes are withheld automatically, they do not know what a business does with regards to taxes. The amount of taxes you’re going to need to pay is something that will be according to the amount of cash you bring in and has nothing to do with where you are located. So wherever you are located, online or offline, as long as you are making cash with your internet business you’re going to be required to pay taxes. For individuals who work all by yourself and in addition have no employees at all, yes, you still need to pay taxes because this is really a sole proprietor business. Unfortunately, not everybody has the mentality to be able to run a business, particularly when they have never worked other than for somebody else, who was responsible for all of the tax stuff.

Federal taxes have to be paid on your business, however they will be done in a different way when you’re incorporated instead of being a sole proprietor. You’re going to see that Medicare taxes as well as a self employment tax are something which you are going to wind up filing should you be a sole proprietor. Needless to say folks who are registered as a corporation are going to end up filing their taxes a lot differently. You’re going to discover that there are different ways that a corporation will pay taxes, it could be considered an income or it might be paid at the corporate level.

Obviously for any person who is running any type of business it is always a good idea that you speak to an accountant so you are able to make certain you are following all the tax laws in your area. Once you learn everything needed for a web based business, you might determine that it isn’t worth all of the hassles.

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