epiphany Posted April 23, 2010 Share Posted April 23, 2010 How are you with websites/internet publishing? It's quite easy to set up a website these days using Wordpress or other templates. Low overheads. Build it around a passion/something you're knowledgable on so you'll be able to write plenty of content. Provide a valuable service. It takes some time, but as traffic grows you have several money making options - advertising, referrer fees, affiliate commission, donations, selling your own ebook etc. I started by using a hosting package called SiteBuildIt - does most of the technical work for you, leaving you just to input your content. Make videos on YouTube and build a brand around your site. The internet is a fantastic money making environment! Link to comment Share on other sites More sharing options...
Cynic Posted April 23, 2010 Share Posted April 23, 2010 If the man in the street can make money on gambling how come Ladbrokes and William Hills do so well? What is described in that article I linked to isn't gambling. You cover all outcomes of an event, so whatever the result you win. You do this using the money given by the bookies to tempt you to sign up with them. Link to comment Share on other sites More sharing options...
Halibut Posted April 23, 2010 Share Posted April 23, 2010 I have some spare cash and would be interested if anyone had any good ideas for making some money. Tell me about them. Drug dealing can be quite profitable. Link to comment Share on other sites More sharing options...
Secret-Ninja Posted April 23, 2010 Share Posted April 23, 2010 sperm bank always wanting fresh stuff or go to interaction recreuitment and get a job Link to comment Share on other sites More sharing options...
Gessa Posted April 23, 2010 Author Share Posted April 23, 2010 How are you with websites/internet publishing? It's quite easy to set up a website these days using Wordpress or other templates. Low overheads. Build it around a passion/something you're knowledgable on so you'll be able to write plenty of content. Provide a valuable service. It takes some time, but as traffic grows you have several money making options - advertising, referrer fees, affiliate commission, donations, selling your own ebook etc. I started by using a hosting package called SiteBuildIt - does most of the technical work for you, leaving you just to input your content. Make videos on YouTube and build a brand around your site. The internet is a fantastic money making environment! Sounds good, but as I am sure you know there are plans to tax "websites" in the same manner as high street stores. We are just an election away from it, but I wish you well with your venture. Link to comment Share on other sites More sharing options...
epiphany Posted April 23, 2010 Share Posted April 23, 2010 Sounds good, but as I am sure you know there are plans to tax "websites" in the same manner as high street stores. We are just an election away from it, but I wish you well with your venture. Do you have a source for this? You would of course be liable for income tax like anyone else, but there is no such thing as a "website tax" that I know of, existing or planned. Edit: Sounds like you're talking about online stores, not information sites, which is the type of site I was talking about - no hard goods, no stock, no checkout, just words, images, videos and links. Link to comment Share on other sites More sharing options...
Gessa Posted April 23, 2010 Author Share Posted April 23, 2010 Do you have a source for this? You would of course be liable for income tax like anyone else, but there is no such thing as a "website tax" that I know of, existing or planned. The imbalance will soon be addressed. Websites are fast closing retail stores, as you rightly say, no overheads. The closing of retail stores means less tax revenue, thus the requirement for the new tax. Link to comment Share on other sites More sharing options...
Gessa Posted April 23, 2010 Author Share Posted April 23, 2010 Drug dealing can be quite profitable. It may be your way, but it is not mine. Link to comment Share on other sites More sharing options...
epiphany Posted April 23, 2010 Share Posted April 23, 2010 The imbalance will soon be addressed. Websites are fast closing retail stores, as you rightly say, no overheads. The closing of retail stores means less tax revenue, thus the requirement for the new tax. Yes I'm sure that's where things are heading. However, there is a distinction between retail sites and information sites, the latter of which is what I was suggesting. Info sites can simply be blogs which don't involve any transaction or custom. You therefore don't have to register as a business, simply declare self employed and pay income tax on anything you earn from advertising, commission etc. When you run an info site you are technically a traffic aggregator. Traffic finds your site on the search engines, you funnel it through links to product vendors and earn the commission on their sales. They sell the product so they handle the custom and business related taxes. You are just some guy sending them traffic. Link to comment Share on other sites More sharing options...
Gessa Posted April 23, 2010 Author Share Posted April 23, 2010 Yes I'm sure that's where things are heading. However, there is a distinction between retail sites and information sites, the latter of which is what I was suggesting. Info sites can simply be blogs which don't involve any transaction or custom. You therefore don't have to register as a business, simply declare self employed and pay income tax on anything you earn from advertising, commission etc. When you run an info site you are technically a traffic aggregator. Traffic finds your site on the search engines, you funnel it through links to product vendors and earn the commission on their sales. They sell the product so they handle the custom and business related taxes. You are just some guy sending them traffic. Oh well OK. I am sure that you have found a louphole then and that the inland revenue will never spot it. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.