Independent Contractor Costs Impact Quality of Results
Independent contractor costs have an impact on the quality of the services they provide.
An online business that hires contractors will not surprisingly find that the better the contractor, the higher the cost of hiring that person. High demand brings higher prices. (more…)
Online Business Success Demands Flexible Thinking
Success with an online business requires flexibility to survive and thrive beyond the five-year lifespan of most businesses.
In the 1980s, Compuserve was the dominant online business in access and content. It eventually failed. Then came Prodigy, which shot up and later fell into oblivion. (more…)
Healthy Website Profit Begins with Gross Profit
Gross profit is a useful way of measuring the financial health of a website.
Yahoo Finance is an informative website for investors. It has financial data about the most successful Internet companies such as Google, Amazon and Ebay. (more…)
Paid Search Advertising Brings Quick Profits, Narrow Margins
Paid search advertising via Bing, Google and other search engines is an easy path for driving audience, revenue and ideally some profits.
But sites often don’t make big profits that way because they underestimate the amount of labor involved on top of the actual ad costs. (more…)
Business Structure Impacts Website Profit
Independent websites with a single employee business structure have a far different view of profit than larger companies.
One major difference lies with how they handle payroll and some of the most basic expenses. (more…)
Independent Contractor Taxes Depend on Business Type
Independent contractor taxes depend on whether the business is a sole proprietorship, limited liability company, S corporation or C corporation.
The government has the same basic rate tiers for all businesses. But the actual tax rate as a percentage of profits — also known as the effective tax rate — depends in part on the business type. (more…)
Independent Contractor Income Thrives on Multiple Sources
Independent contractor income grows with the help of a strategy that looks beyond just the core business.
More than half of the business closures in the United States were the result of problems getting financing or a failure to reach profitability, according to the Global Entrepreneurship Monitor sponsored by Babson College. (more…)
Promise Media offers online business tips and best practices for content-rich websites. 