logo
g Text Version
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies

dailyclick
Bored? Games!
Nutrition
Postcards
Take a Quiz
Rate My Photo

new
European Travel
Action Movies
Bible Basics
Houseplants
Romance Movies
Creativity
Family Travel


dailyclick
All times in EST

Full Schedule
g
g Contests & Sweepstakes Site

BellaOnline's Contests & Sweepstakes Editor

g

The Business of Sweepstaking

Guest Author - Jennifer L. Thompson

In regularly entering sweepstakes, you may find yourself giving it all the time and energy of a part-time home business. Truth be known, it can be run as other businesses, if you wish, and there are similar aspects to the trade that you may find beneficial to know.

First of all, the financial aspects carry basically the same benefits that any other home business does. You will want to consult your tax professional on this, as laws may vary in your state, however, as a general rule, any expenditures for your sweepstaking business can be deducted on your taxes, up to the amount of your winnings. This in mind, saving receipts for stamps, sweepstaking newsletters, envelopes, and other necessities of the trade is a good idea. There is also the potential of deductions for things such as internet expenses or for having a home office. It just depends on how you work it, and, as always, your local tax laws.

Another financial advantage to running your sweepstaking as a business is having a form of earnings (your winnings!). Although earnings may differ somewhat from other businesses in the fact that some are in the form of cash prizes and others in merchandise or other things of value. In my experience, when devoting regular time to sweepstaking, aside from any winnings with a substantial cash value (over $5,000), one can essentially average a base prize value in winning smaller prizes upwards of about $16.50 an hour. This includes reasonable amounts of time spent enhancing envelopes, filling out forms, entering on the internet, picking up supplies,etc. Any larger winnings can then be considered as the "bonuses". In effect, this is something similar to a salesperson who receives a base wage with bonuses (it is also akin to the zen practice of noticing the spaces in-between). Of course, the bonuses will bring wages up to a higher level. However, though you can anticipate the bonus coming, they are not guaranteed to come at a specific time (you just know that with time and persistence, they will come), and having a base wage is enough to keep you going until they do.

These figures come from my own studies on time and winnings, studied over a two-month time frame, on three different occasions, while balancing with home and family. Individual winnings may vary according to your own design. Should you choose to enter primarily for vacations, or focus on contests alone, for example, these figures will be entirely different. This is just meant to offer a basic idea of one way it can be done.

Next week we will continue our look at sweepstaking as a home run business.


Add The+Business+of+Sweepstaking to Twitter Add The+Business+of+Sweepstaking to Facebook Add The+Business+of+Sweepstaking to MySpace Add The+Business+of+Sweepstaking to Del.icio.us Digg The+Business+of+Sweepstaking Add The+Business+of+Sweepstaking to Yahoo My Web Add The+Business+of+Sweepstaking to Google Bookmarks Add The+Business+of+Sweepstaking to Stumbleupon Add The+Business+of+Sweepstaking to Reddit




Getting Started with Sweepstaking
Professional Sweepstakers...What's Their Secret?
RSS
Related Articles
Editor's Picks Articles
Top Ten Articles
Previous Features
Site Map




For FREE email updates, subscribe to the Contests & Sweepstakes Newsletter


Past Issues


print
Printer Friendly
bookmark
Bookmark
tell friend
Tell a Friend
forum
Forum
email
Email Editor


Content copyright © 2014 by Jennifer L. Thompson. All rights reserved.
This content was written by Jennifer L. Thompson. If you wish to use this content in any manner, you need written permission. Contact Trish Deneen for details.

g


g features
Facebook Lottery Scam

Facts About Text Sweepstakes

Pineapple - Symbol of Hospitality and Prosperity

Archives | Site Map

forum
Forum
email
Contact

Past Issues
memberscenter


vote
Poetry
Daily
Weekly
Monthly
Less than Monthly



BellaOnline on Facebook
g


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.


BellaOnline Editor