Everyone knows one of best marketing tactics has been to give away a free product sample. In many cases sampling is one of the least expensive ways of acquiring new customers for your health and wellness MLM business.
When you give away a sample you are eligible to deduct 100% of the cost of that sample as long as you document it properly. Taxbot is perfect for this!
Btw, at O2Worldwide they have a Social Sampling program on which you can not only earn commissions on samples purchased by your downline, but purchasing them yourself also qualifies you for the residuals, meaning not having to pay for both a product auto-ship and then marketing costs on top, you are just buying samples to promote your business and qualify for the pay plan too. Pretty neat considering you can claim product samples as a tax deductible.
Watch the fifth video in our short MLM Tips series on how Taxbot app and tools can save your home-based MLM business thousands annually on product samples you buy to promote your MLM business.
You can watch other MLM Tips videos in the series here.
MLM Tip #1 – Get FREE Gas for Your Car
MLM Tip #2 – Meals That Make You Money
MLM Tip #3 – Double Your Fun with Entertainment Deductions
MLM Tip #4 – Home Office: A Tax Deduction Goldmine
If you can also read my Taxbot review here:
How To Turn Your Business Expenses Into Tax Deductions With TaxBot
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