I've seen lots of back-and-forth discussion here about income. Mary Kay cons say that you can't make money with Mary Kay, Mary Kay pros say you have to "work your business." I love my wife and try to be a "supportive husband," but I honestly say that in all these years, even now that she's a director, she's never really made any money. The business is rife with NSDs and others who talk about the money they've "made" in a given year or month, or the size of their commission checks. But these are all snapshots of Gross Income. No one ever talks about Net Income.
My wife's net income last year from her Schedule C (after expenses but before taxes) was $2,600. And that was one of her best years. Most of her 13 years we've posted losses on her Schedule C.
I would like to hear from any consultant or director who has a history of consistent Schedule Cs or audited balance sheets of more than $20,000 per year.
Don't get me wrong. I love Mary Kay. But in the world of reality, Net Income is what matters, not Gross Income.
Any takers?
Lewis Campbell
- 02 Jul 2005
You need to take into consideration that other deductions you had can now be classified as a business expense, thus reducing your profits. Example: You had a cell phone for $60 a month, it can now be a business expense. It will reduce what is considered your profit. In all reality, that money is still a profit because you had the cell phone bill before. Other expenses can now be a tax write off (part of your electric, heat, home office, etc). This allows your yearly tax owed to be lower. I do MK just for fun but the tax write off is the best. My normal yearly bills are now a business deduction.
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