November Blog Income and Other Ramblings

Written by Chris on December 4, 2008 – 8:00 am -

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November was another good month for blog earnings. Sorry no pretty pictures this month with charts, but here is a quick breakdown.

Earnings:

• Private ad sales - $90
• Google AdSense - $12.46
• Text Link Ads - $18.00
• Reviews - $100
• CashCrate - $8.93

Total: $229.39

More than a third of the income from this month earned by the blog came from reviews that I wrote for another website. This was a great arrangement that came up. I was contacted by the site owner who was looking to have a few reviews written that he had in backlog. I wrote them and got paid, but did not have to deal with any interaction with the companies or with posting the reviews. If you can get yourself into this sort of paid posting arrangement, goo for you!

A Major Thank You To Our Sponsors!

This month, many of our sponsors were back again. That is because they were smart and prepaid for multiple months instead of going month by month. This move will save them money over the next few months as advertising rates have already increased and probably will ago sometime soon. If you’d like to advertise on Dorm Room Biz, check out our advertising page for more detailed information. You can also contact me with any questions.

If you are looking for an affiliate marketing company to gets started with, then I suggest you check out Motive Interactive. You can read the review we wrote on them. They have an awesome system in place to help you be successful.

If you happen to be in the United Kingdom and looking for any kind of virtual office locations, services, or help, then we highly suggest checking out Regus. I’ve had the opportunity to talk to their people a few times and it seems like a great operation that they have. Even if you want to make your presence known in the country and are not really based there, a virtual office is a great way to get a local phone number and answering system set up.

Finally, if you are looking for ways to make money or credit cards for your college expenses, we have recommendations for that too!

If you’d like to be a sponsor of Dorm Room Biz, I’d love to talk to you! Check out our advertising page for rates and details and then get in touch with me via email, Twitter, or leave a comment here!

Calling All Wordpress Theme Designers!

I’m looking for quotes for a Wordpress theme. If you’re a WP theme designer, please drop me an email and I will give you details on the project. I don’t want to share much more in public to ruin any surprises! Thansk

Finally, if you do not already, please follow me on Twitter. This is the best way to keep up to date with what I am working on and talking about. It is also a great chance to get links to other articles and stories you may find interesting!

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Tags: blog earnings, blog income, blog income report, Wordpress Themes
Posted in Website Updates / News | 1 Comment »

Met with an accountant yesterday; here are some of my thoughts!

Written by Chris on May 20, 2008 – 10:00 am -

Sunday I blogged that I was going to be meeting with an accountant and listed a few questions that I was going to ask him to dive deeper into the realms of setting up a business entity, such as an LLC or a C corp. The basis for the meeting was because with the amount of money that I had been bringing in recently from ebay and my website development business, there was some money that was not being reported as income and instead was just being deposited and not being accounted for. So there were some worries about the possibility of getting audited or having different problems with paying state taxes.

So, I wanted to learn more about my options, discuss my ventures, and see what may be the best idea for me as an entrepreneur. Now, before I go any further, I want to STRESS that this is advice that was given to ME and is specific to my case. That being said, it is always best to get your own advice from a certified professional such as an accountant or lawyer or both! So, with that, I am going to just talk about some of my different options, the answers to some of the questions that I asked, and what the future holds for how I do business. Read more »

Tags: accountant, accounting, blog income, business entity, business structures, c corp, eBay, incorporating, llc, professionalgfx, radford auctions, s corp, tax deductions
Posted in Blogging, Business Ideas, Entrepreneurship, Money Management, Web Development, Website Updates / News, eBay | 6 Comments »

Do You Report Your Blog Income? Question To My Readers

Written by Chris on April 24, 2008 – 1:00 pm -

Just a quick question that I wanted to ask my readers today - do you report your blog income? Basically, here is what got me thinking.

Yesterday, I got another check from CashCrate for participating in surveys and for referring new members. My pondering began because I thought about how when I signed up for the program, they asked for my Social Security Number for their records and their own reporting.

So, to any affiliate program users and money makers out there, I want to know if you report your blog income. I can understand if you are making more than a couple hundred dollars a month and how it may look a fishy if you do not have a business entity set up to report it as income to. But for the average blogger who may make say $30-$100 a month off of affiliate programs such as Commission Junction and CashCrate, do you report that income with your income tax?

I figured this would be a good time to pose the question since the deadline for taxes just passed…which was also my birthday!

Tags: affiliate programs, blog income, cash crate, CashCrate, make money online, paid surveys, taxes
Posted in Blogging, Rants / Random | 2 Comments »