Daily Archives: November 14, 2016

Archive of posts published in the specified Day

Nov
14

Making Money Online Demystified

Starting an online business is just like starting a traditional business. You have to invest in time and money. Just like traditional businesses some online businesses end up being failures. Success is not an overnight process and there is no guarantee that everyone will have the same success. Anything can be sold on the internet. The net is the most cost-efficient, instantaneous, exciting and effective way of marketing products and services around the globe through modern telecommunications.

Attributes that have made entrepreneurs succeed in the traditional business also apply to online business. Every successful business starts with a good plan. Online business is no exception. Entrepreneurs who succeed are those who take calculated risks. Perseverance is also a necessary attribute. Some people have quit when they are on the verge of success

In all life situations success comes when there is desire to achieve the goals set. Desire can only come about if one can clearly identify the benefits and rewards resulting from achieving the goals. The internet has enabled people to fulfill their desires of becoming their own bosses and becoming rich.

The internet is now full of the dot-coms and most of these promising riches within few days if not hours without much effort from you. Some of these gurus promise you that you become rich while doing nothing. This is a lie because the same gurus spend sleepless nights working on the products they sale you. The truth is that for any business to succeed there should be some investment in time and money. Above all you should provide a unique service. If you do not have the time you pay other people to do it. . There are no big secrets to making money. There is no need to try to reinvent the wheel is, just look at what other people are doing and do it differently. The key to internet business success is marketing the product effectively

Time

Initially time will be spent on planning. You have to decide on the type of online business to start. Like the traditional business this may take some time because there maybe some need of research. You may need to spend at least two hours a day attending to your business, when the website is up and running. The time spent is dependent on the type of business chosen and the tools at your disposal.

Money

Money is one of the main requirements of any business start-up. One of the advantages of starting an online business is that it has lower start-up costs compared to the traditional business. The main costs are for domain name registration, website, hosting fees and advertising. The most expensive part of advertising is generating traffic to the website. I believe internet marketing is the key to internet success, especially if you have limited resources

Affiliates

Affiliate programs are the best option to start online if one does not have sufficient time, finances and expertise on internet business. The risk is minimal

Because of …

Nov
14

Do You Know What a Financial Asset Is?

In the mid-1990s, and man named Robert Kiyosaki wrote a book called Rich dad, poor dad. This book was one of the first books that said your house was not a financial asset. Many people at the time argued that your house is an asset. Different people define a financial asset with a different definition. We are going to go over the various definitions that different people use.

If you live life according to Robert Kiyosaki’s principles, then a financial asset is something that gives you money each month, quarter, or year. If you were to quit working today, your financial asset would continue to bring in money whether you did anything or not. That is what he defines a financial asset as. Robert also defines a financial asset as something you can sell and turn into money, but his first principle of an asset is something that gives you money each month whether you work or not.

Other people define an asset as something you can sell them turn into money. Different examples of these types of would include money in your bank accounts, stocks, bonds, and mutual funds. Your 401(k) and any other retirement money that you have set aside are also considered assets.

Bankers allow you to count personal possessions as assets, such as your boat, car, and jewelry that you have. When you are applying for a loan, if you have more financial assets in the form of a boat or car that is paid for, the banker will look favorably on this. Of course your banker will consider any mutual funds, 401(k) retirement accounts, cash in the bank, and stocks as an asset to.

We all have different definitions of what an asset is financially and I urge you to look into yourself and see what your definition is. If you are considering your car a financial asset, consider this question. How much did you pay for your car and how much can you sell your car for? If you cannot sell your car for the amount that you paid for it or more, I suggest that it is a financial liability. Losing money on a position should not be defined as an asset, no matter what the situation. Sit down with the pan and paper and write down what you think an asset is. Write down what you currently possess that is a financial asset. Can you sell it today if you had to? If so, would you be able to get more for it than you paid? Understanding the difference between as asset and liability can mean the difference between becoming rich and staying poor.…