You have to promote other people products as an affiliate, have your own products, build relationships with your list and other marketers and most importantly build a good responsive list, once you crack this, I’ve found everything else just starts to fall into place.

Great post buddy

Craig

I’m a brissy boy as well that makes well over a full time living off my online ventures. and I have also been doing a lot of research into tax effective ways of operating an online business.

I don’t know if you have already spoken with an accountant about the issue, but with earnings from website sales if your websites is classed as an asset, you should be able to claim a 50% tax break if you have held the asset for over a year, in addition to this you can claim a further 50% reduction of the tax payable if the asset is deemed to be an “active asset” in your business, but this is where present Australian tax law gets a little bit grey.

I will probably be looking to get a private ruling from the ATO on the tax implications of some up coming website sales in the next few weeks. I’ll keep you posted if you are interested.

Also from the extensive research I have done into more tax effective places to live when it comes to Australians managing an online businesses, for me Singapore has been the clear winner when all things (including non-financial) are considered.

Best of luck getting a “fair go” when it comes to minimisiing your tax payments!

Have a good one.

Agreed, but I find it very interesting that you use such high figures to make your point. How many of this blog’s readers are anywhere close to making “a few hundred thousand a year”? Heck, how many are wishing they were making 1/10 that much (i.e., 20k + per year on their blogs)?

Interesting read and the first article I have read on your blog, I have recently started a business. I have been thinking about how to scale it, how to market it, raise capital and a myriad of other things. But I haven’t thought of an exit strategy, I just knew that the industry need a new take on things.

As I am working from home and funding the site myself one of the first things I did was us a financial comparison site like http://mozo.com.au/credit-cards to figure out which card to use to bank roll the business. I then went about doing research on where there were gaps in the industry (that’s how I found your blog).

I am now working on rolling out some products that I think will really help SMB in Australia. Now that I have read this great post it has given me an boost to think about the end game.

Great blog mate, keep up the work I will definitely be reading more in the coming months.

I’ve worked in both physical and web based businesses. I find that the majority of my earnings are from the physical businesses. I sold one last year for a fair amount of cash but before that I was making a decent living from the salary, although working a lot more hours than the average employee.

With my web based business it’s a lot more time consuming, creating content and marketing the products but because of competition and it becoming increasingly difficult to get good rankings it struggles to make real world profits.