WHEN DOES A BLOG BECOME A BUSINESS?

By Caroline Towers

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:

Money:

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!

Business Cards:

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.

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Stay Consistent:

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!

Keep Learning:

Continue to learn and analyse what you are doing. Look back to see what’s worked for you and hasn’t.

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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!

If you’re ready to take your blog to a business watch today’s video here.

CAROLINE TOWERS

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!