That is true, but you still have to make sure you meet the IRS threshold of staying profitable for 3 out of 5 years or whatever it is now so you remain classified as a business. That said, Amazon was classified as a hobby in the early years for Jeff Bezos and he was okay with that as his business plan focused on long-term growth and market dominance. That method certainly paid off. I think it was almost a decade before Amazon turned a profit as they reinvested almost everything back into the company to build it out and up.@Okie wrote:
For tax purposes, the incurred losses can serve as useful carryovers in future years to offset good years.
@Okie wrote:
, I've added EXPERIENCES to my categories going forward, which can be interchangeable for EXTRAVAGANCE.
@Okie wrote:
To piggyback on SteveSoCal's post (I just noticed I've always read your screenname to myself as SoCalSteve) and shopperbob's past post, I've added EXPERIENCES to my categories going forward, which can be interchangeable for EXTRAVAGANCE.
That is true, but you still have to make sure you meet the IRS threshold of staying profitable for 3 out of 5 years or whatever it is now so you remain classified as a business. That said, Amazon was classified as a hobby in the early years for Jeff Bezos and he was okay with that as his business plan focused on long-term growth and market dominance. That method certainly paid off. I think it was almost a decade before Amazon turned a profit as they reinvested almost everything back into the company to build it out and up.[/quote]@Okie wrote:
With some online retailers who only offer free shipping with a minimum purchase or monthly membership, to me, it seems like a way to entice customers to spend a little more.
Sandy wrote For me those retailers only encourage me to buy from amazon where shipping is free. Jeff Bezos as Service award mentions below had a good thing going and his profit keeps on turning a profit.
For tax purposes, the incurred losses can serve as useful carryovers in future years to offset good years.
What do the kids call it these days? Mind-blown. Thank you for sharing that nugget. Is that why@SteveSoCal wrote:
My username, BTW, was brought over from Volition when everyone moved from there to here. You were supposed to use your real name there and I didn't feel comfortable with adding a last initial, and there were a few Steve's, so I went with a geographocal locator.
@Morledzep wrote:
My son wants me to buy a 35 gallon service caddy so he can run through all of the Shell shops. I told him that if he wants to buy the caddy then he has to throw away ALL of the plastic gas cans and only use the caddy and the jerry cans, so he wants 6 more jerry cans too.
@mystery2me wrote:
@Morledzep wrote:
My son wants me to buy a 35 gallon service caddy so he can run through all of the Shell shops. I told him that if he wants to buy the caddy then he has to throw away ALL of the plastic gas cans and only use the caddy and the jerry cans, so he wants 6 more jerry cans too.
I thought of something like that in the past, but that is going to be one very heavy caddy when full.
When I read another shopper's post about factoring in the reimbursement amount for gifts already being purchased for grandchildren, I could see where that made sense.@ServimerScott wrote:
I always took into account the value to ME of whatever was being reimbursed along with the pay. Resale value on eBay, gifts to friends, family, or charity, or simply my own consumption all had the potential to be factored into the total compensation package, or not factored in at all.
Thank you for posting. For me, it's been rare to see MSCs engaging in forums outside of Mystery Shopping Job Board.@ServimerScott wrote:
From the MSC's perspective, there may be several reasons for emphasizing the reimbursement amounts. For Servimer it is primarily to reassure shoppers that the FULL parking fee and valet tips WILL be reimbursed, without a time limit or capped dollar amount (except for overnight stays).
@Morledzep wrote:
My son wants me to buy a 35 gallon service caddy so he can run through all of the Shell shops. I told him that if he wants to buy the caddy then he has to throw away ALL of the plastic gas cans and only use the caddy and the jerry cans, so he wants 6 more jerry cans too.
@JimmyP wrote:
I honesty have a hard time fathoming how someone could make a living from mystery shopping only.
@SteveSoCal wrote:
@JimmyP wrote:
I honesty have a hard time fathoming how someone could make a living from mystery shopping only.
I think it's harder than it has ever been, but you really have to take a look at what 'making a living' really means...