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Old November 1st, 2007, 02:58 PM   #24
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Originally Posted by ovrlnd View Post
I would guage interest with a prototype demonstration to your audience first to justify a production run. start with doing market research, marketing to find demand. even a moderate cost expended on marketing can net you big results and save you from wasting a production run on something that is novel but nobody will buy. I know they changed the law regarding "small" or "home based" businesses. if you have a job already the "home business" needs to be equal or greater than 40 or 50% otherwise the irs considers it a hobby. if you only sell a few and make $500 bucks there is going to be little benefit for business write offs and such. you'll have to research the numbers but I know it is pretty high now.
I followed your train of thought just fine until you got to the tax stuff....
Guess that's why it's a good idea to pay a CPA to tell me wtf you just said.... lol
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