The Big Picture. Network Marketing is a BUSINESS - Newsletter 12/18/2023

Rich Moyer Newsletter 12/18/2023

The Big Picture

Network Marketing is a BUSINESS.

Take the necessary steps to BECOME a BUSINESS. Minimally:

Contact your tax consultant. It may only require filing Schedule C and showing some capital depreciation (like start-up expenses before your first sale, laptops, etc.)
Obtain a business license if required by your municipality. (I also needed a zoning variance and inspection to be a home-based business)
File for a DBA (doing business as alias)
Create LLC (not recommended at first due to new reporting requirements)

The small amount of time it takes, and whatever nominal costs, ARE ABSOLUTELY WORTH IT.

For one thing, people HESITATE to spend ANY MONEY because they truly don’t understand that YOU MUST INVEST TIME, MONEY, AND EFFORT in ANY Business. Businesses are REWARDED with PRIVILEGES and the LAWS ARE WRITTEN TO FAVOR BUSINESS, not individuals.

The cost of an upgrade that would not only yield MORE and BETTER QUALITY TRAFFIC, but provide you with a source of REVENUE, if you knew there was a tax benefit, you would be MORE LIKELY to see the COST/BENEFIT and purchase that upgrade.

You are not just buying an upgrade, YOU ARE MAKING A BUSINESS DECISION

to drive more traffic,
add a product to your promotion portfolio (the affiliate promotion of this traffic source to get referrals),
possibly add a list-building opportunity, and
open a new revenue stream.

Consider the OPPORTUNITIES one little upgrade could present!

When Do Expenses Qualify as Deductions?

Expenses become deductible once you have made the first sale (if YOUR product) or earn your first affiliate commission. This is why it is important to start promoting immediately and earn that first affiliate commission.

Any expenses before the first earned revenue are considered start-up expenses. The tax laws do allow you to record any start-up expenses and claim them as CAPITAL, which means the value must be distributed across several years. This is a tax consultant question for you.

Your business is NETWORK MARKETING.

Your BUSINESS is NOT Livegood, Nexus Rewards, GotBackup, or MyTrafficPowerline, etc. These are PRODUCT LINES of AFFILIATE PROGRAMS.
The PRODUCTS that are sold, are the PROGRAM’s PRODUCTS, and should not be recorded as SALES unless you maintain an inventory and RESELL them (a whole different accounting nightmare). Record them as AFFILIATE COMMISSIONS.
Once you have started YOUR BUSINESS, and receive revenue from ANY line of business, you are past start-up, and can deduct legitimate expenditures as EXPENSES.
When you join another affiliate program, you are just adding another line of business, not starting ANOTHER BUSINESS.
It is worth TRACKING expenditures by line of business just to make it easier to see profitability but tax reporting may be consolidated onto one Schedule C (again, a tax consultant question).

Remember, the small effort it takes to establish your business LEGITIMATELY, reaps MASSIVE REWARDS that could REDUCE the amount of income tax YOU PAY, or could INCREASE YOUR REFUND.

My Top Recommendations

Business opportunities that have low startup costs, no product autoship, low monthly membership fees, rewarding comp plans.

Nexus Snap

Setup $40 one-time
Monthly Membership $9.95/mo
Optional:
- GOLD marketing system $9.95/mo
- Broadcast 3000 messages $5.95/mo
Comp Plan
- ?Powerline
- $25 for each paid referral + 20% monthly
- Potentially Earn $34 cashback for each free member
- YOU make money when your app referrals earn cash back
Cash Back Benefits, discounts, monthly payment reducer
RECOMMENDED

This has so many more direct benefits by USING the cash-back apps, Benefits Hub, NxRx Prescription discounts, and Zoom discounts.

Plus, since you have the Automatic Builder framework with NXR Snap, purchase the one-time Silver AB Combo for $47. I get nice little $27 or $47 payments all year long.

GotBackup

Setup $20 one-time reseller fee
Monthly Membership $9.97/mo for Family Plan
Comp Plan
- ?Powerline
- 200% on initial sale + 25% monthly
?RECOMMENDED

I think EVERYBODY should be using GotBackup. I am a systems and network engineer. I COULD build my own. I CHOSE GotBackup. I signed up in 2015.

BuildABizOnline

Full feature business toolset: autoresponder, splashpage generators, rotators, graphics tools
Offering $1 fourteen day trial. Be sure you upgrade before 12/31/2023
Pro is $10/month, but I recommend $14 Pro Executive
I earn $10/month for each Pro Exec, $6 for each Pro referral
THIS IS A MUST HAVE!!! RECOMMENDED

Worldprofit Silver Membership

If you were thinking of joining Worldprofit as a Silver member, or upgrading to PlatinumVIP, here is an offer for you that saves you $700 per year, and gives you a great tax deduction.

It’s our YEAR END OFFER on Silver and Platinum VIP Memberships.

Convert from MONTHLY to a 1 YEAR Silver membership and SAVE $700.
Snag a BONUS package of leads and advertising valued at over $100
Convert from MONTHLY to a 1 YEAR Platinum VIP Membership and SAVE $800
Claim your VIP BONUS package of leads and advertising valued at over $200
OR, Renew your current prepaid Silver or Platinum VIP Membership now to take advantage of 2023 rates.
Snatch up your LOYAL MEMBER BONUS package of leads and advertising valued at over $250.

Get your personalized offer!

If you have not joined yet as a Free Associate, JOIN HERE

To take advantage of this special pricing, login to your member area, submit in a Support Ticket, say SANDI give me the YEAR END Offer!

Hurry YEAR END pricing Offer expires midnight Dec 31, 2023.

Year-end bargains.

Dave Moser is offering 5 Elite Upgrades until December 29th that includes 250 Supersolos. INCREDIBLE BARGAIN for only $97. Network Marketing is a Game of Large Numbers. Supersolos are how I send 1-2 MILLION emails per day.
Dave is also offering DOUBLE the login offers on SimpleTextAdz. I just bought 400 Supers for $160. There are lower cost packages also.

My Choices

If I were going to put my money into a year-end tax saving opportunity (I have…) here are my choices.

FeaturedOffersXtreme

Fantastic, affordable traffic
Subscriptions start at $4.95/mo but subscriptions get UNLIMITED VIEWS
ALL members earn 50% commissions. PROMOTE THIS!
RECOMMENDED

I recommend getting the Secrets of the Big Dogs ebook ($7), upgrade to Alpha Dog ($10/mo), then sign up for these from the Alpha Dog Module, or otherwise join from Hound Dog Text Ads, Member Tools!Downline Builder, SECRETS of the BIG Dogs’ CHIP Programs section.

Herculist Lifetime Gold
- One-time Lifetime upgrade $49 (Save $150) RECOMMENDED
- I earn 50% commissions
- Email >364,000 members EVERY DAY
- Herculist Gold can now submit HOURLY
- One of my favorite and most effective sites to purchase LOGIN SPONSOR ADS
State-Of-The-Art-Mailer
- Email 30,000 every 3 days
- HIGH CTR – >500 clicks each email
- I saved TONS by paying every 6 months
- Pays weekly – never fail
- I earn 50% commissions
- This is one of my BEST CONVERTING and TOP EARNING SAFELISTS
- Viralist Upgrade RECOMMENDED
TheLeadMagnet
- Email 10,000 every 2 days
- High CTR
- I saved TONS by doing Ironman Lifetime RECOMMENDED
- I earn 50% commissions
Global Safelist
- ?Email 10,000 EVERY DAY as Executive member
- High CTR
- I saved TONS by doing Exec annual RECOMMENDED
- Affordable monthly or 3 month Exec upgrades
- I earn 50% commissions

?Master Safelist Blaster
- ?EACH SOLO sends to 561,000 members on 300+ sites
- Solo cost $15, cheaper the more you buy, or with subscription.
- Bronze subsciption $19.95/mo RECOMMENDED

Tips

You can complete the transaction THIS YEAR, and with a CASH-BASED BUSINESS, you can PAY FOR IT USING A CREDIT CARD then pay the credit card balance NEXT YEAR.
If you can, PREPAY a full year membership, DO IT NOW. You might be able to amass HUGE DISCOUNTS, for instance, the Worldprofit Silver membership is $99.95 per month, but by paying YEARLY, you save $600!

* I am a retired professional business consultant, but neither a lawyer or tax expert. Please consult professionals in those specialties.

Rich Moyer
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