I need to make a business decision...

s0lid said:
4) Grow upwork
Click to expand...
1. Reduce spending
2. Build accounts on forums, groups in your business area. Offer your services
3. Build linkedin and try to find there clients / companies for free
4. If that is your area, apply for toptal
5. Build authority site/blog in your area

The rest is gambling
 
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Nikolaos said:
In my opinion options 2 and 4 are most viable. Also if you have a business you can put the Facebook ad spending from Facebook ads under expenses so you'll pay less tax.
Click to expand...
Thanks for the opinion brother. Unfortunately, my country doesn't support Facebook ads as a business expense

Lukmat said:
1. Reduce spending
2. Build accounts on forums, groups in your business area. Offer your services
3. Build linkedin and try to find there clients / companies for free
4. If that is your area, apply for toptal
5. Build authority site/blog in your area

The rest is gambling
Click to expand...
Thanks for the tips man, will check out Toptal now - never heard of it
 
s0lid said:
Thanks for the opinion brother. Unfortunately, my country doesn't support Facebook ads as a business expense
Click to expand...
There are a bunch of FB groups where you can market that are SEO/IM related.

Find those and build out your reputation there.
 
I think working on upwork would be the best decision ever.

Just recover from this bad situation and then start your client-hunting journey through ads.

Best wishes for your upcoming journey.
 
BassTrackerBoats said:
There are a bunch of FB groups where you can market that are SEO/IM related.

Find those and build out your reputation there.
Click to expand...
Thanks for the feedback but i find it VERYYY SLOW..... or maybe I don't know how to get clients through that method
 
1SEOWarrior said:
I think working on upwork would be the best decision ever.

Just recover from this bad situation and then start your client-hunting journey through ads.

Best wishes for your upcoming journey.
Click to expand...
Thanks man! Really appreciate your word. I am trying to grow my Upwork now but it's really SATURATED.... but hey, it could help me get an extra 1k maybe? I just need a little bit more cashflow for ads.....
 
s0lid said:
I am making 3k per month via upwork and i spend 1.5k outsorcing so i am left with 1.5k per month profit.

I started SMMA getting clients outside of upwork and using Facebook Ads. I spent around 1.1k in ads. In the last batch of ads i got 2 clients very interested but now they wen't dark.

I have taxes to pay in 20 March - these could be around 1.5k for Jan-Feb-March

I stopped FB ads for SMMA so i can pay the taxes as i am out of budget and on the limits. (They were $50/day)

I have lost like 2.6k on crypto.

Now i have no saved money, only 100 usd on copytrading. That guy turned my 50 dollars to 110 in 10 days.

WHAT SHOULD I DO?

1) Risk spending all my money on FB ADS and hopefully get 1 client? (But i won't have money for taxes)
2) Pause ads and start again after 1 month (I barely will have money even after 1 month for ads)
3) Invest an extra 500 usd in crypto and give it to my crypto trading guy to make it double in 2 weeks
4) Grow upwork

Note: I am sure that if i have 3k Cash now, i can make my SMMA work and scale it
Click to expand...

Broski, take a step back and meditate, only you know what's best for you. Yes oe yes kill the FB ads...
 
justmeseo said:
Broski, take a step back and meditate, only you know what's best for you. Yes oe yes kill the FB ads...
Click to expand...
Past days I have been thinking all the time for other doors and opportunities..... Yeah I killed the FB ads, learned my mistake. now I will collect at least 3-4k in cash before starting Ads again. Thanks brother

xabdullah42 said:
Optin 4 seems like sense
Click to expand...
Yeah I'm trying but according to my calculations the maximum I can make is just an extra 1k.... but hey... money is money
 
Are you sure you have to pay taxes? Doesn't sound to me like you have to.

At least here in the EU If I came in with 0€, I freelance revenue of 3k€, spend 1.5k€ on outsourcing, I would have to pay taxes only on the 1.5k€ and If I use that 1.5k€ on advertising for my freelance gig and I end up losing it all, my net profit is 0€

That means I have to pay nothing to the tax man because I made nothing. Provide receipts and transactions of you purchasing these services and especially meta ads.

Write-off as much as you can.
 
FOCUS on ONE thing and WIN before you start investing in other things

If you find it difficult to get it right on Upwork again, go and find a reliable Upwork coach with results and focus on it again
 
Stifmeister said:
Are you sure you have to pay taxes? Doesn't sound to me like you have to.

At least here in the EU If I came in with 0€, I freelance revenue of 3k€, spend 1.5k€ on outsourcing, I would have to pay taxes only on the 1.5k€ and If I use that 1.5k€ on advertising for my freelance gig and I end up losing it all, my net profit is 0€

That means I have to pay nothing to the tax man because I made nothing. Provide receipts and transactions of you purchasing these services and especially meta ads.
Click to expand...
In my country a small business had 0% taxes until this year... now they want to charge us 15% of what we made from last year. so last year i made 45k but didn't even register any expenses... now they want us to %15 taxes this year by comparing it from last year's earnings
 
Stifmeister said:
Are you sure you have to pay taxes? Doesn't sound to me like you have to.

At least here in the EU If I came in with 0€, I freelance revenue of 3k€, spend 1.5k€ on outsourcing, I would have to pay taxes only on the 1.5k€ and If I use that 1.5k€ on advertising for my freelance gig and I end up losing it all, my net profit is 0€

That means I have to pay nothing to the tax man because I made nothing. Provide receipts and transactions of you purchasing these services and especially meta ads.

Write-off as much as you can.
Click to expand...
I don't know if it works like this but ok. They probably don't check on small numbers.

I'd consult local accountant first.
 
MRDon7 said:
FOCUS on ONE thing and WIN before you start investing in other things

If you find it difficult to get it right on Upwork again, go and find a reliable Upwork coach with results and focus on it again
Click to expand...
You're right FOCUSING is crucial, for example last year i was investing in a physical business... lost a lot there too :/
 
reaaski said:
I don't know if it works like this but ok. They probably don't check on small numbers.

I'd consult local accountant first.
Click to expand...
Yes this is how essentially every single business in the world works. Give or take a few details.

Revenue - expenses = profit. You get taxed on profit. Not revenue.

If you didn't keep track of your expenses, didn't save receipts/bills/factures/invoices etc, well... Then yeah get a really good accountant, because he's going to have to do some serious work to dig you out.
 
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