WHEN DOES A BLOG BECOME A BUSINESS?
Starting your own blog is exciting. It can lead to many new opportunities, you can build your own brand and ultimately it could become a business for you. So when does your blog become a business?
In today’s video, I am sharing my thoughts on when your blog becomes a business. Watch here:
When does your blog become a business?
In the UK, you need to register with HMRC when you first make any money from your blog. So in the eyes of the law, you have a business once money has been exchanged between you and someone else for services to your blog.
However, for me, your blog can become a business from day one. If you decide to treat it like one.
When you treat your blog like a business it shows you are taking it seriously. If you want your blog to be a hobby that’s absolutely fine but many people start a blog with the dream of it earning them an income to bring into the home. By treating your blog like a business you’re more likely to earn money from it, you will take it more seriously and so will those around you.
Here are a few things you can to make it feel more like a business:
Have a separate bank account for your blog. This way you can keep a track of your outgoings and of course, incomings when you start to make money. A spreadsheet is a good place to start or I use Xero which is online cloud accounting you can access from anywhere and links up to your bank!
Having some business cards can make you feel like you have a business and these are great to give to people so they can connect with you. Business cards are especially important if you attend networking events.
Behaving online like it’s a business. By this, I mean keeping the consistency of your social media and blog posts up. Think about what you would do if you were blogging for a job and do your best to act like this now!
Continue to learn and analyse what you are doing. Look back to see what’s worked for you and hasn’t.
Spread the Word:
Finally, it’s about telling people what you do. Tell the world you write a blog, connect with brands you like to work with and have confidence in what you are creating!
Caroline Towers is a blogger, blogging educator & multi-passionate business owner. She is the founder of The Content Edit. In her spare time she loves to travel, go to the movies, watch sport & drink prosecco!