Efforts to make, money to spend:

1. You are not supposed to run and support a private web-site (page) promoting third party product, but chances of success, in that case, are greatly decreased. 2. Your earnings strictly depend on sales you and, sometimes, your referred affiliate have made. The percentage is usually not less then 5% and not more then 60% per sale. The more retail price is, less commission percentage you will have. The most popular commission now is 20%-50% on info products. 3. No need to pay entry or monthly fees. You as well as affiliate program owner may make additional investments on services or products, but they do not directly concern your affiliate business cooperation. 4. Any affiliate operates as an independent business entity and has a database of potential customers, may result in simultaneous marketing of as many affiliate products as wanted, earning commissions on them all.

3. PRIVATE eBUSINESS.

As many times marketing experts have said, you will find no «Guru», who build their internet empire by marketing exclusively other people’s products or participating (not owning) in a MLM. 99,9% of them have their own products or services to sell. Only having 100% of private rights could bring you 100% of profits on any effort you will make. Especially when you’re at beginning of business highway. Internet is a perfect workplace where your income exactly equals to work input you've made. You have full control not only on product or service to sell, but something more vital, credibility building and creating community of loyal customers. Once again, especially, when you are setting up your first eBusiness.

Efforts to make, money to spend:

1. You have to create (or order) business web-site (page) as a representation, advertisement, selling and customer-servicing platform of you business. 2. Your earnings strictly depend on sales you've made. Any sales bring you 100% income. The setting up of affiliate program, based on your offer, could also increase your market and profit exposure allowing you to create indirect income. 3. Any dime you will spend building your own empire is an investment in yourself and your business. It means that for any monetary unit you will get a service or product, which brings actual value for you and your business. Unlike consumer spending, any investment is intended to earn you interest with time. 4. Private business operates as an independent business entity. Automation of business processes could make your hands free for creating second, third etc. business entities or divisions. The more products you sell more residual income you will have.

NEWCOMER eBUSINESS PROSPECT

Without any doubt private business beats any other opportunity on first step of wealth building on net.

The most reasonable steps should be: 1. Setting up private venture or partnership to double efforts as well as profits. If your share in partnership structure is 50%, you may probably earn initial 100% on your work as income of your business is also supposed to double.

2. Long-term online incorporation implies stages of popularizing your product, trade mark, creating virtual community of grateful customers, and spreading positive business image.

3. Establishing your own affiliate program to maximize market exposure and profits.

4. Joining third party affiliate programs that reflect your best interest and promote their products to existent customers for immediate results.

5. Having residual cash flow you may consider joining MLM. You have customers and business income to spend. But in that stage more astute action to take is to organize your own MLM venture based on products you sell. In that way you will not get «hurt» by spending money on an up line and guarantee you true MLM «success». What should be thought over here is possibility of hurting your clients what, to my mind, isn’t worth any MLM income you may have.

Accomplish these steps and you will guarantee financial freedom for yourself, your closest relatives and children for many years ahead. Start your own business by investing necessary time and money in you and your business. If you do, life you are dreaming about will find you very soon.

TAXES In eyes of law, a sole proprietorship is not legally separate from person who owns it. The fact that a sole proprietorship and its owner are one and same means that a sole proprietor simply reports all business income or losses on his individual income tax return ? IRS Form 1040 with Schedule C attached. More information about IRS Form 1040 and Schedule C you can find at http://www.irs.gov .

As a sole proprietor, you'll have to take responsibility for withholding and paying all income taxes, which an employer would normally do for you. This means paying a "self-employment" tax, which consists of contributions to Social Security and Medicare, and making payments of estimated taxes throughout year.

Arina Nikitina operates Home Business Resources (http://homebizinfo.8m.com/). There you can find everything you need to know about Internet marketing, website promotion, affiliate programs and more. Hundred of FREE e-books, two hundred of articles, free guides and tutorials, business consulting and more. http://homebizinfo.8m.com