What is blogging?

Nowadays, blogging can mean so much.  The word actually means a web log which is basically a diary entry onto the web. However, since the first ever blog in 1994 by Justin Hall, blogging has gone from being a diary for students, mums, parents, travelers, chefs, showcasing your hobby to becoming a business in itself as well as businesses using blogs for their websites and products and services.

A Business

Blogging can be a bit of a minefield.  Some blogs have very useful information about their particular niche.  Others have product reviews which can help you decide on whether you want to buy a certain product. You are able to sell things on your blog through advertising, affiliate links, product reviews and your own or others e-products.

Even HMRC are still trying to come to terms with how to deal with income and hours worked when people blog. There has even been a case where this form of income has been contested by HMRC as can be seen here: http://www.bbc.co.uk/news/technology-37275604  .

A Hobby

At what point do you decide that your blog is a business and not just a hobby? If you blog without the intention of making money and you only receive very little if any money or freebies, then you are ok keeping it as a hobby.  You should keep track of all the money you receive and any costs relating to your blog to ensure your profit is below £2500 at which point you would need to declare your income to HMRC.

From this year (tax year 2017/18), there is also a £1000 trading allowance.  Therefore, if your income only is below £1000, then you don’t need to register with HMRC.  If your income is above £1000, then you can choose to claim either £1000 in total as expenses or claim your actual expenses.  You have to choose one or the other, you can’t do both.

Anyway, with this is mind, I have created a four part series on accounting for bloggers.  Follow this link to get more information on this.  Or to get a start on it, go here.

Your blogging niche

While still on the subject of blogging, I found this amazing infograph from the Fairly Blogmother on how to make your blog more reader focussed:

How to make your blog more attractive to your ideal reader

If you are wondering where to start and how to turn your blog into a business, there is the perfect quiz here:


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