There are millions of reasons to start a blog but only a few to turn it into a business. If becoming your own boss, never thinking about getting laid off, doing what you love, being profitable are reasons that ring true to you, maybe it is time to start building your own business.
Although stressful and intimidating, with the right tools crafting your calling doesn’t have to be. Plus as a blogger, you are already a step ahead of the game. You have that marketing power that comes naturally to you and works extremely well within your niche and your target audience.
Having this marketing advantage and executing it correctly will allow your business to reap the rewards of your hard work and efforts. It will allow you to: become an industry authority, build and maintain a positive online presence, educate brands on working with digital content creators/marketers, etc.
So if you are ready, willing and able to turn that passionate and dedication into a business, here are a few tips to help jump start your new venture.
- Have a business and marketing strategy. You need to start somewhere. Know what you are about, what you represent and how you want to convey your message. Implement ideas that will work in both your online and offline worlds.
- Have goals. Create a plan and make it work for you. Use your goals as a stepping stone to get your business to the next level.
- Have a tax advisor. Have a professional handle your taxes.
- Open a business account. It is important to have a business identity separate from personal one (also the IRS requires it). Having a business account helps establish your business credit worthiness and does not put your personal funds at stake.
- Pay your taxes quarterly. Be one top of the financial game. You don not want to be caught owing Uncle Sam anything
- Know your finances. Know just how much money you are bringing in and how much is going to sprucing up your site, etc.
- Keep accurate records. Be sure to keep receipts and invoices of purchases made and services rendered for both taxes purposes and good business practice.
- Schedule time-off. Give yourself the time to regenerate and reenergize. Dont get caught in the social network overload syndrome.
- Forget about living in the now. Don’t live in the moment, set yourself up financially to live at least six months ahead in case of a rainy day.
- Know when to disconnect. Don’t lose yourself in your work. Burning the candle at both ends can be disastrous for both you and your business.
- Have a work schedule. Set up your work hours and stick to it! Force yourself to work smarter not harder. Be efficient.
- Protect your work. Watermark your images and trademark your brand/business.
- You don’t have to do it alone. Go to your friends for motivation, inspiration, sanity and a good laugh.