Do you love your job? Are you independently wealthy, with all the money you could ever need? If you answered yes, stop reading now. I am sorry I wasted your time
If, on the other hand, you are anything other that completely satisfied with your way of living, you need a home based business. And here is why…
When you work for someone else’s company, you play by their rules. You come to work when they tell you, leave when they say, and they pay you what they think you are worth.
When you work for yourself you get to call the shots. Maybe you work better at night, or very early in the morning. When you are the boss, you set the hours. I am not a morning person, and find I get a lot more work done in the evening after dinner and on weekends. Good thing about owning my own small business is I can work at it when I am at my most creative.
Besides hours and money, there is another form of freedom to owning your own business. I no longer have to be responsible for anyone else’s values. If I don’t feel something is right, or I am uncomfortable with something, I no longer have to do it. This may not seem like much to some people, but for others like me, it is a big relief.
I could write a book about the tax savings you. Or you could just check these out (affiliate links!) Small Business and Tax (Blake’s Go Guides) , Small Business Taxes Made Easy, Second Edition, 100 Plus Tax Loopholes & Tax Write-Offs for Internet Marketers and Small Biz Owners: Tax Benefits for Internet Professionals, Ebay Sellers, Online Freelancers.
The most important thing to remember when it comes to tax savings is that almost everything having to do with your business is deductible. Keep track of your expenses, save your receipts and find a good accountant.
If you educate yourself, and follow the rules the savings can be amazing! I routinely write off business lunches and dinners, my home office, office supplies, and mileage (this is a really big one for me when I am mystery shopping!) I have friends who hire their spouse or relatives to work for them-and write off their retirement and health care!
Love to travel? Start a travel blog or lead travel tours and you will get free or discounted travel. Are you a Gamer? Start a Youtube channel where you do video game reviews, and you might just score some free games. Does sharing your opinion turn you on? Learn to leave great reviews and Amazon might just invite you to join its Vine program, where you receive free products in exchange for reviews.
Word of mouth is the best form of advertising, and many companies will gift you with awesome perks as a small business owner. If you are interested in becoming a reviewer or product tester as your small business, check out Deliciousmom’s awesome listing here for some great places to start!
When you work from home you can save money in dozens of little ways. Here are a few of my favorites:
- No more commute. There is no driving to the office, and business miles are deductible. Less money spent on gas and car maintenance, lower insurance (from driving less), and less wear and tear on the car.
- Lunch at home. I love to eat, so cooking a lunch at home is much cheaper for me than $10+ at Applebees or O’Charleys.
- No more business clothing (unless you want to!). And I don’t.
- No more (Doggy!) daycare. If you can deal with the distraction, this one can be a huge cost saver.
Are you Convinced?
Can you think of more ways to save money working from home? Are you a small business owner, or thinking about becoming one? I’d love to hear from you in the comments!