In this article, you’ll discover 3 shockingly powerful tips to consider when starting a business in the adult industry…
Now it doesn’t matter if you want to become a porn star, start a cam business and become the next top cam girl, or become one of the best Snapchat models…
This article applies to you…
The first one is CRITICAL to your overall well being (especially around tax time)
#1 Save money for taxes!
Obviously, I’m not a lawyer and this isn’t legal or tax advice. I’m simply sharing my opinion with you.
In order to thrive in business, you have to pay your taxes.
Now, I’m based in the United States, so I’ll my perspective from there. I’m not sure how the legal system works in other countries, so no matter where you are, consult a tax professional in your area to learn about the specific tax procedures you should be aware of.
All the money you receive is NOT yours to keep!
Like it or not, if you have a legitimate business in the adult industry, or any industry, you’re going to have to pay taxes.
So how much money should you save for taxes?
In my opinion, I would say at least 20% of your total earnings.
(Some states or countries may tax you more. Some may tax you less. But in my opinion, save at least 20% aside for taxes. If you owe less, than you’ll be able to keep it anyway!)
And one tip is to simply make a habit out of it!
First, setup either a Savings account online or have a physical envelope or bank that you put this money.
Whenever you make $100, set aside $20 into this Tax/Savings account.
Even if you make $10, set aside $2!
It’s this simple habit that will not only make you more prepared for tax time when it comes, but…
It will also give you more personal power and control over your money.
Also, as you continue to do this, you may notice a feeling of increased confidence that you have all that money saved.
If you’re worried about not having enough money to save some, then that’s just more motivation to MAKE MORE MONEY!
The world has more money available than ever before.
There’s no reason you shouldn’t have an abundance.
We’ll share more on that later…
Now, you may know someone that as soon as they get money, they spend it all!
Don’t be that girl!
Be smart with your money and you’re more likely to end up rich and financially free 5 years from now.
Side note: If you’re interested in becoming more financially intelligent and generating more wealth for yourself, one book I recommend is Rich Dad, Poor Dad by Robert Kiyosaki
Tip #2: Consider Setting Up an LLC or Corporation
Again, this isn’t legal advice.
This is just my opinion.
It would be wise to ask a tax or legal professional about the benefits of setting up an LLC (Limited Liability Company) or Corporation for yourself/your business.
Well you might find that you get to save and keep more of your money by having more write offs when you have an LLC or Corporation, compared to being an individual.
If you want to potentially write off:
- Your internet bill
- Your phone bill
- Certain food expenses
- Your home office
- Lingerie or Clothes
- And also…
- PROTECT YOUR PERSONAL PROPERTY!
Having an LLC is possibly the best, simplest solution.
Rather than being an employee at a job, where they take out your taxes before you even get your paycheck…
Being a business owner means you can use your income on things for business purposes and you only pay taxes on your “net profits”
Net profits = Total income – Business expenses
So the things I mentioned before; phone bill, internet, home office, clothes, travel, etc…
Those can potentially be write offs for you, meaning you could only pay taxes on income AFTER all those expenses were made…
Meaning you save and keep more of your earnings!
And again, this isn’t legal advice. Consult with a tax professional for more specifics on what can be done for you…
Now onto the next tip…
#3 Leverage the power of a team!
When it comes to having your own business, whether it’s in the adult industry or not…
You’d be very wise to work with other people to help do the things that you don’t know how or want to do.
Example; creating a website, doing graphic design, promoting you, etc.
I remember when I first started out in business, I had the belief that…
“I could do it better than other people” or “I don’t trust people to do it. I’ll just do it myself.”
Both of those beliefs kept me working all day and also creating inferior content and results.
Look, there’s only so much we can do in a day!
We can’t be experts in everything.
If you look at the most successful people in ANY business, they all have a team!
They have people who do the things they don’t know how to do, or don’t want to do.
If you’re starting a business in the adult industry, as a cam girl, porn star, or Snapchat model…
Your main focus should be creating great content for your customers and also marketing yourself effectively.
And even when it comes to marketing and promotion…
It REALLY helps to have people to work with to help you grow your social networks, so you can make more sales.
Here’s a few examples…
Callie has over 100k followers on Instagram, and Lindsey and Dairy Queen have well over 200k followers each.
Obviously they’re all amazing and have grown through their own efforts, but they definitely accelerated their growth after they started working with us.
We have a network of both Instagram and Snapchat pages where we promote our models, to help them grow their social networks faster than if they were doing it all on their own.
This is how we help them generate sales for their premium Snapchat also.
Not only do we promote them so they can grow their social media following faster…
We also take care of:
- Customer support
- Automatic billing (aka residual income)
- Website design
- And more!
They would need to be working 24 hours a day to do all this on their own!
These are just a few of the models that decided to work with us and our team, so we could assist them in growing their social media networks and increasing their income by working with us.
If you’re looking to make more money with Snapchat, whether or not you’re already doing a premium Snapchat account, we can help you potentially make a lot more money with it.
*Income is not guaranteed and all results vary. See our income disclosure here…
If you’re interested in learning more about how you can potentially make a lot more money with us, click here to read more on our website.
And if you’d like to signup with us to become part of MuseModelsTV, click here to apply today!
P.S. Here’s a BONUS TIP!
If you’re using a stage name or some name other than your real name for your business…
(which I would suggest you do)
You may also want to consider getting a trademark on your stage name.
This may help protect your content and many other things when it comes to growing your adult business.
If you have any questions about how to do this, or anything mentioned in this article, simply contact us here and let us know!
We’re happy to help.