How To Make More Money In Netwrok Marketing

Written by John Colanzi


How To Make More Money In Network Marketing by John Colanzi

Network marketing andrepparttar internet were made for each other.

The world is your oyster. It's as easy to send an email aroundrepparttar 122572 globe as it is to talk to your next door neighbor.

If that's true how can we explainrepparttar 122573 fact that 95% still fail in network marketing?

What arerepparttar 122574 traits ofrepparttar 122575 top earners?

1. They have a solid bullet proof marketing system.

2. They haverepparttar 122576 patience of Job.

3. They haverepparttar 122577 persistence of a bull dog.

4. They set goals.

Short term goals

Intermediate term goals

Long term goals

5. They market daily.

6. They believe in what they're selling, beyond a shadow of a doubt.

7. They sell there selves first.

8. They understand what motivates people.

9. They train their first level down line members to duplicate their efforts.

10. They praise their down lines accomplishments.

11. They learn from others.

13. They never become complacent. They are always recruiting.

14. They keep it simple.

15. They stay in contact with their down line and their prospects.

16. They gorepparttar 122578 extra mile. They give more.

17. They follow up on leads at least seven times.

Confessions of a Recovering MLM Junkie

Written by Bill Nieporte


According to a new survey carried out by Alliance & where ID_NUM=9270; Leicester, one in five small business owners view tax as their greatest concern. The Chancellor has announced in his last budget that companies with profits below œ10,000 will not have to pay any corporation tax with effect from 1 April 2002. The question to be asked is: does that announcement make incorporation a more attractive option compared to being a sole trader?

The answer is that from a tax point of view, it is advantageous to trade through a limited company as long asrepparttar income is drawn fromrepparttar 122571 company byrepparttar 122572 owners as dividends from their shares andrepparttar 122573 amount of dividends drawn is restricted belowrepparttar 122574 40% band rate (i.e. œ31,063 for tax year 2002/03). That way,repparttar 122575 owners have no further personal tax ("income tax") to pay. Moreover, dividends are not subject to national insurance contributions. This is excellent news of course. But, if dividend income falls withinrepparttar 122576 higher rate bracket of income tax (i.e. above œ34,515), they will be taxed at 22.5% onrepparttar 122577 excess, which of course will increaserepparttar 122578 tax burden. The company profits are subject to corporation tax rates. Those are lower than income tax rates.

The most catastrophic scenario is whenrepparttar 122579 director takes his reward fromrepparttar 122580 company as salary. Then his/her salary is taxed at income tax rates (like a sole trader's income). That is because, unlike sole traders,repparttar 122581 tax system treats companies as separate from their owners because a company is a separate legal entity. The problem is thatrepparttar 122582 income taxes are higher than corporation tax rates. On top of that, they will be subject to employee and employer national insurance contributions, which of course increaserepparttar 122583 tax burden and render his position worse than even an unincorporated business ("sole trader"), because NIC Class 1 on payroll are higher than NIC Class 2 paid by self employed.

In contrast, a self employed person ("sole trader") is taxed at income tax rates onrepparttar 122584 profits from his business, which are added to his other sources of income. As it has already been mentioned, income tax rates are overall higher than corporation tax rates. On top of income tax, national insurance contributions class 4 are payable onrepparttar 122585 business profits within a specified band (7% on profits between œ4,615and œ30,420). National insurance contributions Class 2 are also paid by self-employed people, although those are lower than those payable by company directors on their salaries.

To illustraterepparttar 122586 above, let's take a simple example. We have a limited company and a sole trader. They both make œ60,000 profits each inrepparttar 122587 tax year 2002/03. We assume thatrepparttar 122588 company director takes a salary equal torepparttar 122589 amount of his personal allowances (untaxed income) of œ4,615 andrepparttar 122590 balance as dividends. The company will pay corporation tax at 19% equal to œ10,523 and nothing else. The sole trader will pay income tax œ16,542, National insurance Class 2 œ104 and National insurance Class 4 œ1,806. Total œ18,452. The bottom line is thatrepparttar 122591 person that has incorporated his business into a limited company will make a tax saving of œ7,929 compared to a sole trader! Isn't that fantastic?

Somebody might be wondering: why is this entire happening? The official explanation is that, this government, to helprepparttar 122592 economy grow, encourages people to leave as much profits within their businesses to be reinvested, instead of being taken out and spent.

The "unofficial line" is that, as a matter of fact, for yearsrepparttar 122593 Inland Revenue has tried to reclassifyrepparttar 122594 self-employed. The 1% in NIC hike on staff salaries aboverepparttar 122595 NIC threshold from next April adds to bothrepparttar 122596 employees' and employers' tax burden and may more than offsetrepparttar 122597 saving fromrepparttar 122598 corporation tax zero rate onrepparttar 122599 first œ10,000 of profits.

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