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I think I have my first niche targeted, but I'm afraid it might be too broad.
I also understand that your first stab at this is meant more for learning than income.
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If possible try to narrow it down more. If it's not, you could share your niche. Maybe some of us can give you ideas.
Mine is broad and I'm ok with it. I can narrow it down using categories. That way, I don't have to be too targeted and can cover a lot of ground.
How targeted should you be when you create your first hub?
I think I have my first niche targeted, but I'm afraid it might be too broad.
I also understand that your first stab at this is meant more for learning than income.
<
As an example, when i first started out, i chose RVing as my niche for 1 website, and Nature as my niche for 2nd.
After 2 years, I've still got my RV niche, but i slapped together 4 or 5 mini niches with it, so Off grid living, tiny homes, etc. Broad, yet effective.
For my nature site, too broad of a niche. Target it down to something controlable. Just recently, i changed it to a travel-nature hybrid site. More convenient.
Hope this helps.
If possible try to narrow it down more. If it's not, you could share your niche. Maybe some of us can give you ideas.
Mine is broad and I'm ok with it. I can narrow it down using categories. That way, I don't have to be too targeted and can cover a lot of ground.
It's a question I've always wondered about, and I would appreciate any feedback!
Scotty, your question opens the door to an exciting opportunity—optimizing your tax situation strategically rather than just complying with default local rules. Many people assume that taxes must simply be paid in their country of residence, but the reality is far more nuanced.
Most local tax advisors focus solely on national regulations. This is understandable, as their training is often limited to domestic tax laws. Even those aware of international tax planning may not discuss it, as guiding you toward structuring your business globally would not generate revenue for them.
But what if you could legally reduce, or even eliminate, your tax burden?
This is where strategic planning regarding residence, domicile, citizenship, and business registration comes into play.
If you are location-independent, you might consider establishing residence in a country with a territorial tax system. These countries only tax income earned within their borders, meaning that commissions from abroad remain untaxed. Some well-known examples include:
✅ Panama
✅ Costa Rica
✅ Paraguay
✅ Malaysia
✅ Hong Kong
✅ Singapore
✅ Georgia
✅ Thailand (with certain exclusions)
In these jurisdictions, as long as your income originates from foreign sources, you are legally exempt from local income taxes.
Each country has its own residency rules. Some, like Panama and Paraguay, have minimal or no physical stay requirements, making them ideal for perpetual travelers. Others require a certain number of days per year to maintain tax residency.
In addition, you can remain a tourist in multiple countries by keeping your stays under the three-to-six-month threshold, avoiding tax residency in any single nation.
For additional security, many entrepreneurs register their businesses in a different country than their residence. This further reduces exposure to taxation while enhancing privacy and asset protection.
Unlike most countries, the United States taxes its citizens worldwide, regardless of where they live. Avoiding U.S. taxes legally requires either:
1️⃣ The Foreign Earned Income Exclusion (FEIE) – available only up to a certain limit.
2️⃣ Renouncing U.S. Citizenship – an extreme but effective option for those seeking full tax freedom.
For Americans, acquiring a second passport from a tax-neutral country before renouncing U.S. citizenship is a crucial step in achieving tax independence.
These strategies might seem advanced, but if your revenue grows significantly, the potential tax savings can empower you to invest in your future, support causes you care about, and create true financial freedom.
Want to Learn More?
For deeper insights, consider reading:
📖 W.G. Hill’s "Perpetual Traveller (PT)" Series – Timeless strategies for international freedom.
📖 Nomad Capitalist – A modern approach to global tax optimization.
A simple Google search will lead you to valuable resources, including YouTube videos and detailed guides.
⚠️ Disclaimer: I am not a lawyer or tax consultant. This is not legal or tax advice, but rather a perspective on international tax planning. Always conduct thorough research and consult an expert before making decisions.
What’s Your Take?
If this topic interests you, feel free to share your thoughts or ask further questions. Exploring these strategies could open new doors to financial freedom! 🚀
"A king establishes the land through justice, but he who imposes high taxes ruins it.”
(Solomon, King of Israel)
IRS form W-9, I believe
.
https://www.irs.gov/forms-pubs/about-form-w-9
https://affiliatewp.com/be-prepared-for-upcoming-us-tax-reporting-deadlines/
(foreign individuals and businesses)
https://www.investopedia.com/terms/w/w8form.asp
I would also suggest seeking the advice of a professional.
It all depends on what country and area you reside in…as Phil and Brenda have clearly said, you should track and record all business expenses and report your net profits. For the best advice…consult your tax advisor.
-Mike
Same as in any other business. You pay tax on your profit, income less expenditure. Just make sure you claim all expenditure, including your WA subscription.
Which country are you in? Each country has different laws, rules, and regulations regarding taxes. If you have any earnings in the USA over 600 USD, it is considered taxable income. You file a business like an LLC or corporation to reduce taxes, but it will be a sole proprietorship for an individual. You file a profit and loss with the IRS and use the IRS form for business. It's better to consult a tax person or public accountant to discuss these matters.
How do you handle taxes in an affiliate marketing business?
It's a question I've always wondered about, and I would appreciate any feedback!
Scotty, your question opens the door to an exciting opportunity—optimizing your tax situation strategically rather than just complying with default local rules. Many people assume that taxes must simply be paid in their country of residence, but the reality is far more nuanced.
Most local tax advisors focus solely on national regulations. This is understandable, as their training is often limited to domestic tax laws. Even those aware of international tax planning may not discuss it, as guiding you toward structuring your business globally would not generate revenue for them.
But what if you could legally reduce, or even eliminate, your tax burden?
This is where strategic planning regarding residence, domicile, citizenship, and business registration comes into play.
If you are location-independent, you might consider establishing residence in a country with a territorial tax system. These countries only tax income earned within their borders, meaning that commissions from abroad remain untaxed. Some well-known examples include:
✅ Panama
✅ Costa Rica
✅ Paraguay
✅ Malaysia
✅ Hong Kong
✅ Singapore
✅ Georgia
✅ Thailand (with certain exclusions)
In these jurisdictions, as long as your income originates from foreign sources, you are legally exempt from local income taxes.
Each country has its own residency rules. Some, like Panama and Paraguay, have minimal or no physical stay requirements, making them ideal for perpetual travelers. Others require a certain number of days per year to maintain tax residency.
In addition, you can remain a tourist in multiple countries by keeping your stays under the three-to-six-month threshold, avoiding tax residency in any single nation.
For additional security, many entrepreneurs register their businesses in a different country than their residence. This further reduces exposure to taxation while enhancing privacy and asset protection.
Unlike most countries, the United States taxes its citizens worldwide, regardless of where they live. Avoiding U.S. taxes legally requires either:
1️⃣ The Foreign Earned Income Exclusion (FEIE) – available only up to a certain limit.
2️⃣ Renouncing U.S. Citizenship – an extreme but effective option for those seeking full tax freedom.
For Americans, acquiring a second passport from a tax-neutral country before renouncing U.S. citizenship is a crucial step in achieving tax independence.
These strategies might seem advanced, but if your revenue grows significantly, the potential tax savings can empower you to invest in your future, support causes you care about, and create true financial freedom.
Want to Learn More?
For deeper insights, consider reading:
📖 W.G. Hill’s "Perpetual Traveller (PT)" Series – Timeless strategies for international freedom.
📖 Nomad Capitalist – A modern approach to global tax optimization.
A simple Google search will lead you to valuable resources, including YouTube videos and detailed guides.
⚠️ Disclaimer: I am not a lawyer or tax consultant. This is not legal or tax advice, but rather a perspective on international tax planning. Always conduct thorough research and consult an expert before making decisions.
What’s Your Take?
If this topic interests you, feel free to share your thoughts or ask further questions. Exploring these strategies could open new doors to financial freedom! 🚀
"A king establishes the land through justice, but he who imposes high taxes ruins it.”
(Solomon, King of Israel)
IRS form W-9, I believe
.
https://www.irs.gov/forms-pubs/about-form-w-9
https://affiliatewp.com/be-prepared-for-upcoming-us-tax-reporting-deadlines/
(foreign individuals and businesses)
https://www.investopedia.com/terms/w/w8form.asp
I would also suggest seeking the advice of a professional.
It all depends on what country and area you reside in…as Phil and Brenda have clearly said, you should track and record all business expenses and report your net profits. For the best advice…consult your tax advisor.
-Mike
Same as in any other business. You pay tax on your profit, income less expenditure. Just make sure you claim all expenditure, including your WA subscription.
Which country are you in? Each country has different laws, rules, and regulations regarding taxes. If you have any earnings in the USA over 600 USD, it is considered taxable income. You file a business like an LLC or corporation to reduce taxes, but it will be a sole proprietorship for an individual. You file a profit and loss with the IRS and use the IRS form for business. It's better to consult a tax person or public accountant to discuss these matters.
I've been orbiting around the periphery of affiliate marketing businesses for many years. The problem I always run into is finding that first niche idea to build a website arou
The first question to ask yourself is what are your areas of interest and expertise. These are all possible niches. Then do a search of [niche] affiliates to find out if there are profitable products in that niche.
You can further refine your search using the Niche Finder tool here at WA.
Hello! Try to find something in the middle of what are you good at and what you love to do. For example, I'm good with finding deals and I love the topic travel. So I decided to help people with that.
I've been orbiting around the periphery of affiliate marketing businesses for many years. The problem I always run into is finding that first niche idea to build a website arou
The first question to ask yourself is what are your areas of interest and expertise. These are all possible niches. Then do a search of [niche] affiliates to find out if there are profitable products in that niche.
You can further refine your search using the Niche Finder tool here at WA.
Hello! Try to find something in the middle of what are you good at and what you love to do. For example, I'm good with finding deals and I love the topic travel. So I decided to help people with that.
As an example, when i first started out, i chose RVing as my niche for 1 website, and Nature as my niche for 2nd.
After 2 years, I've still got my RV niche, but i slapped together 4 or 5 mini niches with it, so Off grid living, tiny homes, etc. Broad, yet effective.
For my nature site, too broad of a niche. Target it down to something controlable. Just recently, i changed it to a travel-nature hybrid site. More convenient.
Hope this helps.