Business: any activity or enterprise entered into for profit.
I mentioned before that I have no problem with people getting paid for their hard work. In fact, I absolutely detest when highly profitable companies exploit unpaid intern labor. I consider it a modern day form of slavery. Which is why I would never ask my readers to do any kind of free work relating to my site. In fact, even if you offered it to me, I would refuse it. Why?
Because I run a for-profit business and not a charity. And as such, I should be willing to invest in it. Otherwise, I always have the option of closing it down if I feel it’s not making me enough money. Would you volunteer to stock up shelves at a local Walmart? I’m guessing no. Then there is no reason to do it for my blog either or any other business for that matter. It’s essentially the same thing.
As long as I have affiliate links, you know how to support me. If I lose them, then my stand may change. Yet, one affiliate blogger had no problem asking for free work from readers in their recent post. When some of them expressed outrage, that person had the audacity to say, that they did intend to offer compensation after all. It was just a test for readers, to see if they would do it for the love of the hobby.
I mentioned before that some people get compensated very well in this industry and usually for a good reason. It’s a lot of work. But somehow a few still refuse to call it a business. They will use a word “passion” or describe it as a “labor of love” and so forth. Basically: ” I do it to help readers and that’s my only motive. Affiliate links? Oh, I forgot I have them! Those huge Chase checks? Oh, that must be my sign-up bonuses or something.”
Let’s see. You get checks from your affiliate company, that you deposit into your business account. At the end of the year you deduct your business expenses , like those from going to the promotional events. You file a Schedule C on your taxes for your business. And then you pay self-employment taxes on your business.
Still not convinced? Try explaining to IRS that your blog is just a labor of love, for which you just happen to collect six figures. See, what they have to say to that. I refuse to insult my readers’ intelligence in such manner. So yes, I am running a business. But it’s a labor of love as well.
To the affiliate bloggers. If you feel, you have an argument on why it’s not a business, there is a comments section below. Prove me wrong.