Network Marketing Blogs
Browse our collection of monthly blogs on all things Network Marketing. In this area, you can find out about industry and company news, top tips to succeed in Network Marketing and read useful guides to ensure your tax and bookkeeping practices are up to date.
Most small businesses will suffer from cash flow issues at one point or another. Effective cash flow management is one of the most important factors in running a successful business. After all, even if your sales are growing, if you have more expenses than income, you may not be able to pay your...
In the early days, your Network Marketing business may not be making a profit and therefore incur a loss. Making a loss simply means that expenses are greater than your income. Whilst business owners would all love to make a profit from the outset, it is very common to incur expenses and make a...
A question we commonly encounter when advising our Network Marketing clients on their tax affairs is how much money they should put aside to pay for their taxes. Initially, when you first set up your business you may not make a profit and therefore you do not need to pay tax. Once you start making...
With Black Friday coming up later this month, you may wonder if you should jump on the bandwagon and offer Black Friday discounts for your customers. There will no doubt be a deluge of promotional offers hitting everyone’s inboxes – and whilst some bargain lovers eagerly await Black Friday, there are also people who are critical of how genuine these discounts are.
Network Marketers are their own bosses. The vast majority are self-employed and operate either as a sole trader or partnership. And that is part of the appeal of having your own MLM business – the freedom to run your business as you see fit, within the hours that suit you, without having to report...
We catch up with Chris Whitley-Jones and Cherylin Brooker to find out a little more about them.
We’ve collated some of the most commonly asked questions around Network Marketing and tax, and provide the answers.
An Amway Distributor tells of her experience using bespoke bookkeeping software: “PRBookkeeping has made my bookkeeping better”
Before deciding if a career in Network Marketing is worth pursuing you may ask yourself if you have the ‘right’ personality for the job.
If you’re a Network Marketer, then you are most likely aware of the opportunities and potential reach that social media can offer.
Today, 425,000 people work in Network Marketing and contribute £2 billion to the UK economy. But how did it all start and how has the industry changed over the years?
There’s a widespread misconception that Network Marketers only need to complete tax returns once they are making a profit. In this blog, Chris explains the potential consequences of not completing one.
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