Taxing
It is now officially tax season and this time around I have my small business taxes to file in addition to my regular kind. This is going to be interesting, I can already tell. Thankfully, I kept all my 'business' receipts organized - so it shouldn't be too hard, just tedious. The advice given to me by a friend who does independent stuff on the side like myself is that I don't really want to make a profit, just to break even at best and have my 'business' pay for all the stuff I do (like conventions, advertising, etc). It helps that Dad is self-employed, so he has been giving me a lot of help (told me to open separate accounts for business stuff, have separate credit cards, etc).
I can tell you right now there is no way I made a profit in 2007, I would of had to sell about 1,000 copies of The Magic of Eyri for that to happen. While there are things I like about being independent, financially it isn't the most fun. But this is the road I'm on at the moment, so I may as wellstay the course see where it goes.
I bit the bullet and put up some Google Ads on danieljhogan.com and magicofeyri.com. I won't make a bunch of money off it but it'll help a bit. My preference is not to have ads, but getting some kind of income from the sites is nice. I can always take them down. I already had to block three ads from my sites (one was for a 'sexy singles' website), so I have to keep an eye on what is popping up.
I have a feeling any refund I get from my regular taxes is just going to go back and help pay off my bills from all of this book stuff. All things considered though, I'm not doing too bad. Yeah, I have some debt because of all of this but it isn't that much and I'm playing parts of it off each month and I'm watching my spending. Skipping conventions would be the best way to cut my costs, but I really can't do that - the exposure I get there is well worth the money and being able to sell books face to face to people is a priceless experience for me.
Oh well. At least people are buying the book, if they weren't and I was spending all of this money then I'd be in real trouble ;)
I can tell you right now there is no way I made a profit in 2007, I would of had to sell about 1,000 copies of The Magic of Eyri for that to happen. While there are things I like about being independent, financially it isn't the most fun. But this is the road I'm on at the moment, so I may as well
I bit the bullet and put up some Google Ads on danieljhogan.com and magicofeyri.com. I won't make a bunch of money off it but it'll help a bit. My preference is not to have ads, but getting some kind of income from the sites is nice. I can always take them down. I already had to block three ads from my sites (one was for a 'sexy singles' website), so I have to keep an eye on what is popping up.
I have a feeling any refund I get from my regular taxes is just going to go back and help pay off my bills from all of this book stuff. All things considered though, I'm not doing too bad. Yeah, I have some debt because of all of this but it isn't that much and I'm playing parts of it off each month and I'm watching my spending. Skipping conventions would be the best way to cut my costs, but I really can't do that - the exposure I get there is well worth the money and being able to sell books face to face to people is a priceless experience for me.
Oh well. At least people are buying the book, if they weren't and I was spending all of this money then I'd be in real trouble ;)
