April 15th has come and gone and tax season is over for another year.  Were you happy with how much money you gave the government or would you like to decrease it?  Now is the time to look at that and prepare for next year.

I don’t mind paying my taxes every year but I definitely don’t want to pay more than I have to.  The best way to reduce your taxes is to be in business for yourself.  If you have a regular job then you know that you pay taxes on the amount of money you make then you pay your expenses with what’s left.  Did you know that businesses do it differently?  They pay their expenses from the money they make then pay taxes on what’s left.

In case you didn’t get that, let’s say you are an employee who makes $3,000 each month.  The government taxes you at 25%, so they take $750 and leave you $2,250 for the month out of which you make a $500 car payment.  You have $1,750 left.  Now let’s say you are a  business that makes the same $3,000 each month.  As a business, your $500 car payment is a business expense leaving you $2,500 in income.  That amount is taxed at 15% (you dropped to a lower tax bracket) for $375 and leaves you $2,125 to get through the rest of the month.  You have an extra $375 each month just because you are a business.

Starting a business sounds good now, doesn’t it?  But what are you going to do?  It has to be a legitimate business.  How about network marketing?  It is easy to start, has very low cost, and you can do it from home (which saves you even more money because your home office is a business expense).  I can offer you two good choices of network marketing companies to look at. One in wellness and the other in greeting cards.

Wayne Woodworth
Network Marketer
Saving me a fortune.

One more thing, I am not a financial advisor.  I strongly encourage you to talk to one about your situation so that you know everything you need to know for your area and what you want to accomplish.

Persistence is the key to building a prosperous home based business.

There are two points to persistence when building your business.  The first is the persistence to stick with your business over time and the second is the persistence it takes to convert your prospects into customers.

Most people trying to build a home based business give up after a couple months, but in most cases it will take a few years to get a business to the point where it is self-sufficient.  When starting with network marketing companies you hear about how this certain person went out and after only 2 weeks signed up 20 people and made $10,000.  Those people are incredibly rare and to have the expectation of hitting those levels in a short time is unrealistic.  When starting any new enterprise, you have to have the persistence to stick with it for a long period of time and give it a real chance to grow.

The other persistence you need is in converting prospects into customers.  When building a home based business it is easy to let your motivation slip and not do all that you know you should do.  You don’t feel like picking up the phone today, making the little tweaks to your website or writing that blog post.  To be successful, you need to be persistent with your prospects.  In my leads meeting last week several members talked about how making just one more phone call to a customer finally closed the deal.  You will find out, if you haven’t already, that most people will say “no” the first time you make your offer.  “No” usually just means “not yet” and if you give up on a prospect after hearing “no” that first time, then you will probably never get anywhere in your business.  Check back with them on a regular basis to just ask how they are doing.  You don’t have to pitch your product or service every time.  Just build a relationship over time so that when they are ready for your offer, you are the one who comes to mind and who is going to get the business.  Sometimes all it takes is you calling your prospect one more time than your competitor.  This is a great way to stand out because most people will give up after the first or second call.

Wayne Woodworth
Persistent Network Marketer