Do you know what penny stocks are? Little cap stocks are inexpensive way of coming into the discuss industry and provides you an option of greater revenue. With as low as $25,000 of economical commitment you can get yourself a lot of shares by buying the penny stocks. Discover more details below that will help you business in penny stocks.
Penny stocks are shares possessed by public organizations that are often underrated, with prices as low as $ 5.00 or less. These activities are recognized by dangerous and great compensate value, which means that prices are known to go up and down at certain stages that provide you to be able to have great income and an increased possibility of dropping its value. Most penny stocks are used as a funding device for small business owners that need more investment for its functions and development. A lot of traders however have remained away from penny inventory investing dealing because of the bad popularity associated with it. But this is only an impact of the deficit of research by the buyer. With appropriate research of the qualifications of an organization and a authorities for a reputable agent, there is no reason for traders to stay away.
Small cap stocks are usually exchanged in different marketplaces. The excellent of marketplaces and business methods that will most likely tell the excellent of penny stocks that are exchanged. If you plan to buy something inventory investing that is possessed by an organization in a controlled industry, then it follows with all the necessary economical specifications for that industry. The most secure locations to discover penny stocks are small NASDQ Market and deals of The united states.
The NASDAQ Little Market Cap is the best position to business for penny stocks. Detailed organizations in this come back adhere to different conformity and economic review techniques. Info on the qualifications of economical organizations can be found on their website, and some organizations offer a conclusion of the results of the year before to guarantee traders of its success. Assets in this industry is very good and most of its functions will be equaled up easily. The normal cost of penny inventory investing that seems to be in this come back is $1.00 and above.
The United states stock exchange or United states Stock Exchange is the best position to look for underrated stocks. Like the NASDAQ, the organizations right here must also fulfill the economical need established from stores. Market liquidity is not as effective as NASDAQ, but still better than other marketplaces.
Another position that you can look into is the OTC-BB (over the reverse bulletins board). The OTC-BB is a consultation service that follows particular guidelines to work. This action provides real-time dealing. Just keep in mind that the OTC-BB is not reverse, as the name can be complicated at times. The OTC or OTC industry is the control that needs not much control. There is almost no industry liquidity, so that the shares obtained will be challenging to offer.
There are details services that provide advice, tips on hot penny stock investing, no cost updates etc. It is also best to search for professional help in dealing but it all is established by your funds and your need. You can get no cost economical commitment thoughts at Walls Road Benefits.
Wall Road Benefits Are dedicated to choosing small cap organizations that signify breakaway stocks with actual upwards potential based on information. Get Walls Road Win no cost economical commitment thoughts and discuss to one our buyer interaction professionals for no cost.
Get Wall Street Wins free stock market and investing, penny stocks, stock picks, small cap stocks investments ideas and talk to one of Wall Street Wins investor relations consultants for free
Small Business Ideas With Small Capital
With unemployment rates on the rise, people are, in ever-increasing numbers, seeking ways to become entrepreneurs, for when you are your own boss, no one else can fire you. This is also a tenuous time in the financial world, because risking money can be intimidating. However, many of the most successful entrepreneurs will tell you that one secret to their success is that they took the risks, and turned those risks into advantages. There are many small business ideas with small capital that one can start, even in today's economy. Here are a few of those ideas which might be of interest.
1. Online Shop
Perhaps one of the greatest innovations of our time is the internet, which has given businesses access to a large market worldwide, a market of people looking for products and opportunities. The Internet is the perfect medium for finding big business ideas with small capital outlay. The online shop can be very simple, yet very successful, and it does not incur the usual high costs of the ''brick and mortar'' shop. Anyone with an internet connection, a reliable computer, and a couple of hours a day can set up and run an online shop. In addition, when run from the comfort of your home, there are payments for the space, and in fact, the space can become a legitimate business tax deduction. There is also no need to hire employees, though in many cases, "hiring" the kids to help out can have many advantages for everyone involved.
2. Businesses Based On Your Personal Talents
One great way to start a business is to analyze your strengths, passions, and talents. If art is your forte, and you have the necessary computer skills, there is a high demand for graphic artists, website designers, and advertizing campaigns. Do you have a fabulous Children's Book running around in your head that you could turn into an electronic book? The E-Book business has increased 200 fold in just the past year or two, and now many books are not going into print, but are being sold on such literary giant sites as Amazon and Barnes & Noble.
3. Home-Based Services
If you have, at one time, been a teacher, but have now chosen to stay at home with the kids, whether you are a Mom or a Dad, you might consider being an after school tutor. Are you proficient in math, science, or languages? Tutors in these areas are in high demand. If you are bilingual, or even trilingual, your tutoring skills could not only be a huge blessing to those wishing to become fluent in another language, but could also bring in some excellent income for something at which you already excel.
1. Online Shop
Perhaps one of the greatest innovations of our time is the internet, which has given businesses access to a large market worldwide, a market of people looking for products and opportunities. The Internet is the perfect medium for finding big business ideas with small capital outlay. The online shop can be very simple, yet very successful, and it does not incur the usual high costs of the ''brick and mortar'' shop. Anyone with an internet connection, a reliable computer, and a couple of hours a day can set up and run an online shop. In addition, when run from the comfort of your home, there are payments for the space, and in fact, the space can become a legitimate business tax deduction. There is also no need to hire employees, though in many cases, "hiring" the kids to help out can have many advantages for everyone involved.
2. Businesses Based On Your Personal Talents
One great way to start a business is to analyze your strengths, passions, and talents. If art is your forte, and you have the necessary computer skills, there is a high demand for graphic artists, website designers, and advertizing campaigns. Do you have a fabulous Children's Book running around in your head that you could turn into an electronic book? The E-Book business has increased 200 fold in just the past year or two, and now many books are not going into print, but are being sold on such literary giant sites as Amazon and Barnes & Noble.
3. Home-Based Services
If you have, at one time, been a teacher, but have now chosen to stay at home with the kids, whether you are a Mom or a Dad, you might consider being an after school tutor. Are you proficient in math, science, or languages? Tutors in these areas are in high demand. If you are bilingual, or even trilingual, your tutoring skills could not only be a huge blessing to those wishing to become fluent in another language, but could also bring in some excellent income for something at which you already excel.
8 Ways To Generate More Money From Your Online Business
Do you know what penny stocks are? Little cap stocks are inexpensive way of coming into the discuss industry and provides you an option of greater revenue. With as low as $25,000 of economical commitment you can get yourself a lot of shares by buying the penny stocks. Discover more details below that will help you business in penny stocks.
Penny stocks are shares possessed by public organizations that are often underrated, with prices as low as $ 5.00 or less. These activities are recognized by dangerous and great compensate value, which means that prices are known to go up and down at certain stages that provide you to be able to have great income and an increased possibility of dropping its value. Most penny stocks are used as a funding device for small business owners that need more investment for its functions and development. A lot of traders however have remained away from penny inventory investing dealing because of the bad popularity associated with it. But this is only an impact of the deficit of research by the buyer. With appropriate research of the qualifications of an organization and a authorities for a reputable agent, there is no reason for traders to stay away.
Small cap stocks are usually exchanged in different marketplaces. The excellent of marketplaces and business methods that will most likely tell the excellent of penny stocks that are exchanged. If you plan to buy something inventory investing that is possessed by an organization in a controlled industry, then it follows with all the necessary economical specifications for that industry. The most secure locations to discover penny stocks are small NASDQ Market and deals of The united states.
The NASDAQ Little Market Cap is the best position to business for penny stocks. Detailed organizations in this come back adhere to different conformity and economic review techniques. Info on the qualifications of economical organizations can be found on their website, and some organizations offer a conclusion of the results of the year before to guarantee traders of its success. Assets in this industry is very good and most of its functions will be equaled up easily. The normal cost of penny inventory investing that seems to be in this come back is $1.00 and above.
The United states stock exchange or United states Stock Exchange is the best position to look for underrated stocks. Like the NASDAQ, the organizations right here must also fulfill the economical need established from stores. Market liquidity is not as effective as NASDAQ, but still better than other marketplaces.
Another position that you can look into is the OTC-BB (over the reverse bulletins board). The OTC-BB is a consultation service that follows particular guidelines to work. This action provides real-time dealing. Just keep in mind that the OTC-BB is not reverse, as the name can be complicated at times. The OTC or OTC industry is the control that needs not much control. There is almost no industry liquidity, so that the shares obtained will be challenging to offer.
There are details services that provide advice, tips on hot penny stock investing, no cost updates etc. It is also best to search for professional help in dealing but it all is established by your funds and your need. You can get no cost economical commitment thoughts at Walls Road Benefits.
Wall Road Benefits Are dedicated to choosing small cap organizations that signify breakaway stocks with actual upwards potential based on information. Get Walls Road Win no cost economical commitment thoughts and discuss to one our buyer interaction professionals for no cost.
Get Wall Street Wins free stock market and investing, penny stocks, stock picks, small cap stocks investments ideas and talk to one of Wall Street Wins investor relations consultants for free
Penny stocks are shares possessed by public organizations that are often underrated, with prices as low as $ 5.00 or less. These activities are recognized by dangerous and great compensate value, which means that prices are known to go up and down at certain stages that provide you to be able to have great income and an increased possibility of dropping its value. Most penny stocks are used as a funding device for small business owners that need more investment for its functions and development. A lot of traders however have remained away from penny inventory investing dealing because of the bad popularity associated with it. But this is only an impact of the deficit of research by the buyer. With appropriate research of the qualifications of an organization and a authorities for a reputable agent, there is no reason for traders to stay away.
Small cap stocks are usually exchanged in different marketplaces. The excellent of marketplaces and business methods that will most likely tell the excellent of penny stocks that are exchanged. If you plan to buy something inventory investing that is possessed by an organization in a controlled industry, then it follows with all the necessary economical specifications for that industry. The most secure locations to discover penny stocks are small NASDQ Market and deals of The united states.
The NASDAQ Little Market Cap is the best position to business for penny stocks. Detailed organizations in this come back adhere to different conformity and economic review techniques. Info on the qualifications of economical organizations can be found on their website, and some organizations offer a conclusion of the results of the year before to guarantee traders of its success. Assets in this industry is very good and most of its functions will be equaled up easily. The normal cost of penny inventory investing that seems to be in this come back is $1.00 and above.
The United states stock exchange or United states Stock Exchange is the best position to look for underrated stocks. Like the NASDAQ, the organizations right here must also fulfill the economical need established from stores. Market liquidity is not as effective as NASDAQ, but still better than other marketplaces.
Another position that you can look into is the OTC-BB (over the reverse bulletins board). The OTC-BB is a consultation service that follows particular guidelines to work. This action provides real-time dealing. Just keep in mind that the OTC-BB is not reverse, as the name can be complicated at times. The OTC or OTC industry is the control that needs not much control. There is almost no industry liquidity, so that the shares obtained will be challenging to offer.
There are details services that provide advice, tips on hot penny stock investing, no cost updates etc. It is also best to search for professional help in dealing but it all is established by your funds and your need. You can get no cost economical commitment thoughts at Walls Road Benefits.
Wall Road Benefits Are dedicated to choosing small cap organizations that signify breakaway stocks with actual upwards potential based on information. Get Walls Road Win no cost economical commitment thoughts and discuss to one our buyer interaction professionals for no cost.
Get Wall Street Wins free stock market and investing, penny stocks, stock picks, small cap stocks investments ideas and talk to one of Wall Street Wins investor relations consultants for free
Low Cost Business Ideas When You Are First Starting Out
Low cost business ideas are increasingly sought after, now more than ever. After all, the market is uncertain, which can translate into an uncertain future for you personally. However, the common wisdom is that the best time to start a business is during this uncertain time; it just takes some imagination, some ingenuity, and the ability to tune in to the trends of the hour. Starting a business in this tenuous time of economic crunch can be intimidating, and perhaps scary to someone who is just starting to test the waters of online commerce.
Right now, money has become something to hold on to as tightly as possible. Perhaps one of the best low-cost business ideas for you, when you're just starting out in this new business model, is to focus on products which are economical, and yet essential to everyday life. One of the things which is in this category is great produce which you can purchase straight from the farm. Even better, if you have the space and adequate water, is to sell from your own garden. Customers often prefer knowing exactly where their food is grown, the quality of the soil, and the lack of pesticides and herbicides. When you grow your own produce, you can assure the customer of the quality which they are looking for. Your product will most likely be more economical than most grocery stores in the area, not only because you will not have the rent of large stores, but also you will have no workers' salaries to factor into the price of your goods. Additionally, you will have none of the transportation costs which are incurred in getting a product from a distant mega farm to the local area establishment.
Another idea is to inspect the items in your home which you are no longer using, and set up a garage sale. Garage sales are very popular these days; people are looking for bargains which can stretch their budgets, and purchasing and using secondhand items no longer hold the negative stigma of the past. People who are on the lookout for clothes, for instance, will eagerly buy from you, as opposed to a department store, knowing these are of the same quality, and are a fraction of the original retail cost. When you have good quality, clean items for sale, the customers are more than happy to come back in the future.
Thanks to the internet, and social networking sites, people can now sell to just about anyone, virtually anywhere in the world. The Global Economy has now become available to anyone who has some time, some ambition, and the willingness to learn the best ways to reach potential customers on the internet.
For the exact step by step strategies on using honest, proven methods for the quickest, easiest results for success, you can learn more by clicking here => annieoklie.org
Right now, money has become something to hold on to as tightly as possible. Perhaps one of the best low-cost business ideas for you, when you're just starting out in this new business model, is to focus on products which are economical, and yet essential to everyday life. One of the things which is in this category is great produce which you can purchase straight from the farm. Even better, if you have the space and adequate water, is to sell from your own garden. Customers often prefer knowing exactly where their food is grown, the quality of the soil, and the lack of pesticides and herbicides. When you grow your own produce, you can assure the customer of the quality which they are looking for. Your product will most likely be more economical than most grocery stores in the area, not only because you will not have the rent of large stores, but also you will have no workers' salaries to factor into the price of your goods. Additionally, you will have none of the transportation costs which are incurred in getting a product from a distant mega farm to the local area establishment.
Another idea is to inspect the items in your home which you are no longer using, and set up a garage sale. Garage sales are very popular these days; people are looking for bargains which can stretch their budgets, and purchasing and using secondhand items no longer hold the negative stigma of the past. People who are on the lookout for clothes, for instance, will eagerly buy from you, as opposed to a department store, knowing these are of the same quality, and are a fraction of the original retail cost. When you have good quality, clean items for sale, the customers are more than happy to come back in the future.
Thanks to the internet, and social networking sites, people can now sell to just about anyone, virtually anywhere in the world. The Global Economy has now become available to anyone who has some time, some ambition, and the willingness to learn the best ways to reach potential customers on the internet.
For the exact step by step strategies on using honest, proven methods for the quickest, easiest results for success, you can learn more by clicking here => annieoklie.org
Money Making Home Based Business - Women Over 50 - Take a Look at Some Online Ideas
Are you a woman over 50? If so, you may feel like the chance for starting a new career has passed you by, especially if you have taken time out to bring up a family. This doesn't have to be the case with an online money-making home business. Making money online comes with a huge advantage-- you will never need to be interviewed by someone half of your age and you can use your valuable life experience and knowledge to make a good income on the internet.
Profiting From Your Life Experience
You cannot have come this far in your life without gaining some experience in an area that other people will be keen to learn about. If you are a mom you will have learned all kinds of things that new parents will want to know. Maybe you home-schooled your children or helped out with their school events and fundraising. Perhaps you are a great cook and could pass on your recipes. Have you participated in any sports or activities recently or in the past? Possibly you are an artist, amateur photographer, or make craft items as a hobby. These are all things that people search for information about every day.
Revenue Sharing Websites
One way of turning your knowledge and experiences into a money-making home based business is by writing short articles for revenue sharing sites. There are several types of these websites on the internet that will allow you to publish your writing, how-to articles, recipes, hints and tips. The most basic type of these revenue sharing sites will just publish your articles, add AdSense advertisements and then share the advertising income with you.
There are some websites that provide additional money-making potential by allowing in addition to the AdSense, advertising on your site with products (i.e. amazon, e-bay) relating to your article topic.
The vast majority of revenue sharing sites do require you to have your own Google AdSense account. Although most people qualify for this account without any problems, if at first you do not qualify there is an alternative. A revenue sharing site where you do not need any accounts of your own other than a PayPal account, is Squidoo. This may be the easiest place to start your online money-making efforts and can also be extremely profitable.
Once you have gained some experience and skills with revenue sharing sites you may want to move on to other online money-making home based business ideas such as building your own self-hosted websites, drop-shipping, affiliate marketing or another of the many possibilities. Just remember to do some research before you get started and you could find yourself with a profitable new career, even if you are over 50.
If you're looking for an honest ethical and legitimate opportunity to generate a full time income from home
Profiting From Your Life Experience
You cannot have come this far in your life without gaining some experience in an area that other people will be keen to learn about. If you are a mom you will have learned all kinds of things that new parents will want to know. Maybe you home-schooled your children or helped out with their school events and fundraising. Perhaps you are a great cook and could pass on your recipes. Have you participated in any sports or activities recently or in the past? Possibly you are an artist, amateur photographer, or make craft items as a hobby. These are all things that people search for information about every day.
Revenue Sharing Websites
One way of turning your knowledge and experiences into a money-making home based business is by writing short articles for revenue sharing sites. There are several types of these websites on the internet that will allow you to publish your writing, how-to articles, recipes, hints and tips. The most basic type of these revenue sharing sites will just publish your articles, add AdSense advertisements and then share the advertising income with you.
There are some websites that provide additional money-making potential by allowing in addition to the AdSense, advertising on your site with products (i.e. amazon, e-bay) relating to your article topic.
The vast majority of revenue sharing sites do require you to have your own Google AdSense account. Although most people qualify for this account without any problems, if at first you do not qualify there is an alternative. A revenue sharing site where you do not need any accounts of your own other than a PayPal account, is Squidoo. This may be the easiest place to start your online money-making efforts and can also be extremely profitable.
Once you have gained some experience and skills with revenue sharing sites you may want to move on to other online money-making home based business ideas such as building your own self-hosted websites, drop-shipping, affiliate marketing or another of the many possibilities. Just remember to do some research before you get started and you could find yourself with a profitable new career, even if you are over 50.
If you're looking for an honest ethical and legitimate opportunity to generate a full time income from home
90 Minute CEO: Creating The Perfect Home Base Business Office
Building Your Home Office
Now that you have all of that business stuff out the way, it's time for you to create the space for which your million dollar deals will be made. Again, you don't need to rent some fancy smancy space in a luxury building in order to have a top notch technologically efficient work space. Moreover, you don't need to spend a lot of money to create your new at home work space. You will be surprised, but many of the items on our list can be found at wholesale stores, pawn shops, garage sales, barter and trade sites such as Craigslist and eBay. Don't fall into the trap like so many starting a business going out and getting items that are brand new and shiny. Because people today are so quick to dispose and get rid of things for the newest and hottest items, there's a lot of serviceable equipment ready for use for your home based business.
Here is a list of twenty one items that you absolutely need to create and efficient home office space that works. I call these items the OFFICE TOOLS FOR SUCCESS:
OFFICE TOOLS FOR SUCCESS:
Computer Equipment
Telephone
Laser Printer
Fax Machine
Internet Connection
File Cabinet
Desk
Chair
Stapler
Stationary and Supplies
Clock
Calendar
Stacking Trays
E-mail Address Account
Home Business License (if applicable)
Identify Where To Get Help
Business Cards
Paper Clips
Shredder
Surge Protector
Standard Desktop Supplies
Computer Equipment
Nowadays, you can get an affordable workable computer that will allow you to access the internet and create word based documents for less than $300.00. It doesn't matter if it's a desktop or laptop as long as it's a computer. Again, you don't have to spend a ton to get it done. So if you don't have a computer, don't make that huge investment right now. If you can't afford to purchase a computer right now, there are several local and national retail rental chains that will rent you a computer for a nominal weekly, bi-weekly or monthly charge. Now some people may have a hang up about renting from these places because the charges overtime can get outrageous. However, you're in business now. This means that your expenses can be written off on your taxes. If you need a computer, consider this as a viable option.
Internet Connection
You can't do any type of business today without having access to the internet. Anyone that tells you otherwise, is absolutely crazy. If it's happening today, it's happening on the net. Therefore, you are going to want to ad with that computer of yours an internet connection. Now there are a variety of ways to get an internet connection today. So depending on whether you opt for a laptop computer or traditional desktop, the type of internet connection will be determined by the equipment you opt for. Believe it or not, there are some places that still use dial up. I would strongly suggest that you seek out an option other than dial up as it's simply impossible to get anything done these days on the net with it. You will need to do some research in your area and based on availability make some decisions as to which internet connection is right for you.
E-mail Account
If you don't already have an e-mail account with your own personal e-mail address and online in-box, shame on you! If you're going to do business of any kind on the web, you are going to need an e-mail address. Therefore, we recommend visiting one of the many sites online that offer free e-mail addresses and establishing an account.
Desk
Now if you going to have a computer with internet, you're going to need something to set that computer on. Therefore, you're going to need to put a desk of some sort in your workspace. Again, you don't need to spend a lot of money for a desk. A great source for a computer desk is most definitely Craigslist. You may also want to consider checking the local goodwill, Salvation Army, or thrift store. If you have the resources to purchase a computer desk, my only advice would be to purchase one that's ergonomically correct; one that fits to your specific height.
Chair
In that same vane, you also want to locate a comfortable chair to use in your workspace. I find that I cannot function at my optimal performance when I am uncomfortable. Subsequently, if my rump is unhappy, it reflects in my work. Now because a good chair is important, I would recommend purchasing one from one of the local or national office store chains. You can get a very comfortable office chair (self assembly) for around $50.00.
File Cabinet
Now that we have our desk and chair in place, we are going to need a file cabinet. Now you are probably saying, why do I need a file cabinet? Well, even though most people today store files in a computer, there are some files that you want to store the old fashion way. For example, tax documents you must hold on to for seven years. Your corporate documents, customer applications and other records, you may not necessarily want to house these on your computer. Having a file cabinet with a lock on it means that you have ensured the safety of these records, making sure they are available when needed.
Telephone
Now that are computer, desk, chair and file cabinet have been put in place. It's time for us to add some additional hardware to the mix. The first piece of hardware that we want to add to the mix is the telephone. If you are creating an office space in your home, you definitely want to install a separate phone line dedicated specifically for doing business. I recommend doing this for a couple of reasons. Number one, it eliminates the confusion of business calls being missed because someone else is using the primary house phone. Number two and probably the most important reason, you are in business now. So at tax time, you want to be able to write off as many as your business expenses as possible. When the phone is listed in your business name, there is no difficulty at for this information to be reported to the I.R.S. I would also recommend this same course of action for your cell phone account.
Fax Machine
If you are going to have a business line installed in your home, it only makes since to have a dedicated fax line installed. Though many computers now have fax software, there are many computers that don't. Therefore, having a fax machine ensures that you are able to get information to whomever whenever regardless of which device there using. Finally, this is an item that I would by new. You can by an inexpensive fax machine for less than $80.00.
Laser Printer
This is another item that I would purchase brand new. Typically, you can get a base model for under $140.00. If you are just getting started in business, I would go straight for the base model laser printer and stay away from the color based printer models. I recommend this because the color cartridges are costly and it's not a wise expense to incur when starting a new business. If you need color copies, visit one of the local copying stores and have your documents copied.
Time Management Devices
Many business deals are won and lost as a result of bad time management. Time management is the act or process of exercising conscious control over the amount of time spent on specific activities, especially to increase efficiency or productivity. Time management may be aided by a range of skills, tools, and techniques used to manage time when accomplishing specific tasks, projects and goals. This set encompasses a wide scope of activities, and these include planning, allocating, setting goals, delegation, analysis of time spent, monitoring, organizing, scheduling, and prioritizing. A time management system is a designed combination of processes, tools, techniques, and methods. Usually time management is a necessity in any project development as it determines the project completion time and scope.
Clock (Wall or Desktop)
Your investment in a good wall clock and/or desk clock will help aide you in meeting those benchmarks and time sensitive deadlines often critical to your business.
Calendar (Wall or Desktop)
Likewise, a calendar is a necessary tool in your time management system. A calendar allows you to keep visual track of various important dates and times which are critical to your business. Nowadays, cell phones are sold with software applications that allow you to enter important dates and times into your cell phones calendar. However, if you don't have this application on your cell phone or if you do not have a cell phone, a good pocket calendar from the dollar store will work just fine.
Surge Protector
Now that the basics of our home office are in place, it's time to complete are office with a few essential pieces of support equipment and materials, the first of which is a quality surge protector. A surge protector (or surge suppressor) is an appliance designed to protect electrical devices from voltage spikes. A surge protector attempts to regulate the voltage supplied to an electric device by either blocking or by shorting to ground voltages above a safe threshold. If you do not currently own a surge protector, THIS IS A TOOL THAT YOU CANNOT BE WITHOUT. Your investment in your computer, fax, laser printer and other electrical devices is at risk without it. Typically, you can find an inexpensive surge protector at your local office supply store for under $40.00.
Paper Shredder
A paper shredder is a mechanical device used to cut paper into strips or fine particles. Government organizations, businesses, and private individuals use shredders to destroy private, confidential, or otherwise sensitive documents. Privacy experts often recommend that individuals shred bills, tax documents, credit card and bank account statements, and other items which could be used by thieves to commit fraud or identity theft. Like the surge protector, you can find an inexpensive paper shredder at your local office supply store for under $40.00.
Standard Desktop Supplies
The remaining items that round out our essential pieces of support equipment and materials list are pretty much self explanatory:
Business Cards
Business Letterhead Stationary
Document Highlighters
Ink Pens
Paper Clips
Pencils
Paper (laser, copier and fax)
Stamps and envelopes for sending out invoices
Stapler
Stationery and supplies - envelopes
Stacking Trays
If you are thinking of becoming a CEO of your own business, make it your business to have all the necessary tools of the trade.
C. Lamont Reddon is the CEO of Quick Start Holdings Inc and President of Quick Start Business Solutions™. Quick Start Business Solutions is a company dedicated to helping you start your small business as quickly and as easily as possible. For assistance with starting your new business, visit us on the web at http://www.quickstartnow.com or call Call (855) 279-6662. Whatever you do, Take Action Now!
Now that you have all of that business stuff out the way, it's time for you to create the space for which your million dollar deals will be made. Again, you don't need to rent some fancy smancy space in a luxury building in order to have a top notch technologically efficient work space. Moreover, you don't need to spend a lot of money to create your new at home work space. You will be surprised, but many of the items on our list can be found at wholesale stores, pawn shops, garage sales, barter and trade sites such as Craigslist and eBay. Don't fall into the trap like so many starting a business going out and getting items that are brand new and shiny. Because people today are so quick to dispose and get rid of things for the newest and hottest items, there's a lot of serviceable equipment ready for use for your home based business.
Here is a list of twenty one items that you absolutely need to create and efficient home office space that works. I call these items the OFFICE TOOLS FOR SUCCESS:
OFFICE TOOLS FOR SUCCESS:
Computer Equipment
Telephone
Laser Printer
Fax Machine
Internet Connection
File Cabinet
Desk
Chair
Stapler
Stationary and Supplies
Clock
Calendar
Stacking Trays
E-mail Address Account
Home Business License (if applicable)
Identify Where To Get Help
Business Cards
Paper Clips
Shredder
Surge Protector
Standard Desktop Supplies
Computer Equipment
Nowadays, you can get an affordable workable computer that will allow you to access the internet and create word based documents for less than $300.00. It doesn't matter if it's a desktop or laptop as long as it's a computer. Again, you don't have to spend a ton to get it done. So if you don't have a computer, don't make that huge investment right now. If you can't afford to purchase a computer right now, there are several local and national retail rental chains that will rent you a computer for a nominal weekly, bi-weekly or monthly charge. Now some people may have a hang up about renting from these places because the charges overtime can get outrageous. However, you're in business now. This means that your expenses can be written off on your taxes. If you need a computer, consider this as a viable option.
Internet Connection
You can't do any type of business today without having access to the internet. Anyone that tells you otherwise, is absolutely crazy. If it's happening today, it's happening on the net. Therefore, you are going to want to ad with that computer of yours an internet connection. Now there are a variety of ways to get an internet connection today. So depending on whether you opt for a laptop computer or traditional desktop, the type of internet connection will be determined by the equipment you opt for. Believe it or not, there are some places that still use dial up. I would strongly suggest that you seek out an option other than dial up as it's simply impossible to get anything done these days on the net with it. You will need to do some research in your area and based on availability make some decisions as to which internet connection is right for you.
E-mail Account
If you don't already have an e-mail account with your own personal e-mail address and online in-box, shame on you! If you're going to do business of any kind on the web, you are going to need an e-mail address. Therefore, we recommend visiting one of the many sites online that offer free e-mail addresses and establishing an account.
Desk
Now if you going to have a computer with internet, you're going to need something to set that computer on. Therefore, you're going to need to put a desk of some sort in your workspace. Again, you don't need to spend a lot of money for a desk. A great source for a computer desk is most definitely Craigslist. You may also want to consider checking the local goodwill, Salvation Army, or thrift store. If you have the resources to purchase a computer desk, my only advice would be to purchase one that's ergonomically correct; one that fits to your specific height.
Chair
In that same vane, you also want to locate a comfortable chair to use in your workspace. I find that I cannot function at my optimal performance when I am uncomfortable. Subsequently, if my rump is unhappy, it reflects in my work. Now because a good chair is important, I would recommend purchasing one from one of the local or national office store chains. You can get a very comfortable office chair (self assembly) for around $50.00.
File Cabinet
Now that we have our desk and chair in place, we are going to need a file cabinet. Now you are probably saying, why do I need a file cabinet? Well, even though most people today store files in a computer, there are some files that you want to store the old fashion way. For example, tax documents you must hold on to for seven years. Your corporate documents, customer applications and other records, you may not necessarily want to house these on your computer. Having a file cabinet with a lock on it means that you have ensured the safety of these records, making sure they are available when needed.
Telephone
Now that are computer, desk, chair and file cabinet have been put in place. It's time for us to add some additional hardware to the mix. The first piece of hardware that we want to add to the mix is the telephone. If you are creating an office space in your home, you definitely want to install a separate phone line dedicated specifically for doing business. I recommend doing this for a couple of reasons. Number one, it eliminates the confusion of business calls being missed because someone else is using the primary house phone. Number two and probably the most important reason, you are in business now. So at tax time, you want to be able to write off as many as your business expenses as possible. When the phone is listed in your business name, there is no difficulty at for this information to be reported to the I.R.S. I would also recommend this same course of action for your cell phone account.
Fax Machine
If you are going to have a business line installed in your home, it only makes since to have a dedicated fax line installed. Though many computers now have fax software, there are many computers that don't. Therefore, having a fax machine ensures that you are able to get information to whomever whenever regardless of which device there using. Finally, this is an item that I would by new. You can by an inexpensive fax machine for less than $80.00.
Laser Printer
This is another item that I would purchase brand new. Typically, you can get a base model for under $140.00. If you are just getting started in business, I would go straight for the base model laser printer and stay away from the color based printer models. I recommend this because the color cartridges are costly and it's not a wise expense to incur when starting a new business. If you need color copies, visit one of the local copying stores and have your documents copied.
Time Management Devices
Many business deals are won and lost as a result of bad time management. Time management is the act or process of exercising conscious control over the amount of time spent on specific activities, especially to increase efficiency or productivity. Time management may be aided by a range of skills, tools, and techniques used to manage time when accomplishing specific tasks, projects and goals. This set encompasses a wide scope of activities, and these include planning, allocating, setting goals, delegation, analysis of time spent, monitoring, organizing, scheduling, and prioritizing. A time management system is a designed combination of processes, tools, techniques, and methods. Usually time management is a necessity in any project development as it determines the project completion time and scope.
Clock (Wall or Desktop)
Your investment in a good wall clock and/or desk clock will help aide you in meeting those benchmarks and time sensitive deadlines often critical to your business.
Calendar (Wall or Desktop)
Likewise, a calendar is a necessary tool in your time management system. A calendar allows you to keep visual track of various important dates and times which are critical to your business. Nowadays, cell phones are sold with software applications that allow you to enter important dates and times into your cell phones calendar. However, if you don't have this application on your cell phone or if you do not have a cell phone, a good pocket calendar from the dollar store will work just fine.
Surge Protector
Now that the basics of our home office are in place, it's time to complete are office with a few essential pieces of support equipment and materials, the first of which is a quality surge protector. A surge protector (or surge suppressor) is an appliance designed to protect electrical devices from voltage spikes. A surge protector attempts to regulate the voltage supplied to an electric device by either blocking or by shorting to ground voltages above a safe threshold. If you do not currently own a surge protector, THIS IS A TOOL THAT YOU CANNOT BE WITHOUT. Your investment in your computer, fax, laser printer and other electrical devices is at risk without it. Typically, you can find an inexpensive surge protector at your local office supply store for under $40.00.
Paper Shredder
A paper shredder is a mechanical device used to cut paper into strips or fine particles. Government organizations, businesses, and private individuals use shredders to destroy private, confidential, or otherwise sensitive documents. Privacy experts often recommend that individuals shred bills, tax documents, credit card and bank account statements, and other items which could be used by thieves to commit fraud or identity theft. Like the surge protector, you can find an inexpensive paper shredder at your local office supply store for under $40.00.
Standard Desktop Supplies
The remaining items that round out our essential pieces of support equipment and materials list are pretty much self explanatory:
Business Cards
Business Letterhead Stationary
Document Highlighters
Ink Pens
Paper Clips
Pencils
Paper (laser, copier and fax)
Stamps and envelopes for sending out invoices
Stapler
Stationery and supplies - envelopes
Stacking Trays
If you are thinking of becoming a CEO of your own business, make it your business to have all the necessary tools of the trade.
C. Lamont Reddon is the CEO of Quick Start Holdings Inc and President of Quick Start Business Solutions™. Quick Start Business Solutions is a company dedicated to helping you start your small business as quickly and as easily as possible. For assistance with starting your new business, visit us on the web at http://www.quickstartnow.com or call Call (855) 279-6662. Whatever you do, Take Action Now!
Where Does the Profit Go in My Home-Based Direct Sales Business?
You are a home-based business owner in the Direct Sales industry. The commission on your sales is 50%. So, when you sell $1000 worth of products, you should have $500 in profit. Right? Wrong! As a business owner you have other expenses.
First, I advise you to track every business (Mary Kay, Lia Sophia, Thirty-One Gifts, etc.) expense. Only through consistent and complete tracking can you figure out where all the money is going. When you are tracking expenses, be sure to includes postage and shipping, sales aides, presentation supplies (cotton balls, pens, candy, etc.), hostess gifts, meals at Conference, registration for professional development, discounts given, gas, mileage, internet fees, etc.
Then, use a discerning eye on all your expenses. What are the categories where you can cut back? Could you utilize email or phone calls instead of mail? Or, cut down on postage/shipping by keeping full inventory and placing larger orders once a month instead of small orders every few weeks or days. Another expense to examine is sales aides. How many do you really need? For example, many times it is more cost-effective to demo from full size products than from samples. Hostess gifts - use the free products you receive from the company instead of using something in your inventory. With some focused thought, you can come up with a few ways to cut back on your expenses.
Another way consultants lose money is by discounting products. Each time you run a sale, you reduce your profit and you perpetuate the idea that your product is not worth full price. You are selling a great product; your customers love the product - why discount?
Finally, the more you sell the more money you will make. I know this concept makes sense in theory, but often we aren't sure how to apply it to our everyday business practice. You will spend the same amount of money in samples and demo products for 1 person or for 30 people. The shipping cost for an order from the company is the same whether you order $100, $200, $600, or $1800. The more people you see, the more income you will earn. But, just as importantly, your expenses will not increase dramatically. That is where you start to see the real profit.
Tracking all your expenses and then problem solving ways to reduce those expenses will help you increase your overall profit. Which is why you are in business!
Lisa Crilley Mallis the owner of SystemSavvy Consulting and the creator of the College Success Initiative. She has assisted many students, solopreneurs, and busy moms, increase productivity and decrease clutter. Visit http://www.SystemSavvyConsulting.com for more helpful tips for direct sales professionals.
First, I advise you to track every business (Mary Kay, Lia Sophia, Thirty-One Gifts, etc.) expense. Only through consistent and complete tracking can you figure out where all the money is going. When you are tracking expenses, be sure to includes postage and shipping, sales aides, presentation supplies (cotton balls, pens, candy, etc.), hostess gifts, meals at Conference, registration for professional development, discounts given, gas, mileage, internet fees, etc.
Then, use a discerning eye on all your expenses. What are the categories where you can cut back? Could you utilize email or phone calls instead of mail? Or, cut down on postage/shipping by keeping full inventory and placing larger orders once a month instead of small orders every few weeks or days. Another expense to examine is sales aides. How many do you really need? For example, many times it is more cost-effective to demo from full size products than from samples. Hostess gifts - use the free products you receive from the company instead of using something in your inventory. With some focused thought, you can come up with a few ways to cut back on your expenses.
Another way consultants lose money is by discounting products. Each time you run a sale, you reduce your profit and you perpetuate the idea that your product is not worth full price. You are selling a great product; your customers love the product - why discount?
Finally, the more you sell the more money you will make. I know this concept makes sense in theory, but often we aren't sure how to apply it to our everyday business practice. You will spend the same amount of money in samples and demo products for 1 person or for 30 people. The shipping cost for an order from the company is the same whether you order $100, $200, $600, or $1800. The more people you see, the more income you will earn. But, just as importantly, your expenses will not increase dramatically. That is where you start to see the real profit.
Tracking all your expenses and then problem solving ways to reduce those expenses will help you increase your overall profit. Which is why you are in business!
Lisa Crilley Mallis the owner of SystemSavvy Consulting and the creator of the College Success Initiative. She has assisted many students, solopreneurs, and busy moms, increase productivity and decrease clutter. Visit http://www.SystemSavvyConsulting.com for more helpful tips for direct sales professionals.
Get Paid For Your PASSION! The Easiest Way to Build a Home Based Business Out of What You LOVE
What would your life feel like if you could do what you LOVED for a living? If sharing your natural gifts was inextricably linked with your livelihood? What if getting up every day and going to work was a short hop, skip and a jump to your home office work station....where you shared CONTENT and contribution, and created cash from relationships with people who shared your passion from one side of the world to the next?
The truth is, for tens of thousands of "passion professionals" this is exactly what our day looks like right now.
I truly believe that the absolute easiest way to make a full time living from home is doing what you love MOST, and then finding a community of subscribers, fans, friends, followers who share your passion.....but don't yet have your expertise.
This is also a business you can start, ALMOST for free.
How?
Content, much like I'm creating right with this very article, only takes time, and the commitment to create.
A community, especially today with HUGE social networks that bring people who share common interests together under one roof, makes finding and then developing relationships with others in your niche so super simple it's almost TOO easy!
Creating a blog is free, fan pages are free, content is free... it's such an amazing time for people who really care about something to build something special, to DO it, and on a shoestring budget to boot.
Getting paid for doing what you love?
Either create something to sell to your community of fans and followers, OR simply find something that already exists that you can heartily recommend.
For example, you can be a diet and nutrition specialist and either create your own "course" or diet program, or you can simply go out and find an existing diet with an international brand name and become an affiliate for them.
If you love spiritual, paranormal or psychic topics, you can either create something of value to share with your community (i.e. - offer intuitive readings, or a how to on developing psychic abilities if that's your expertise) OR simply partner with an existing service as an affiliate.
Are you passionate about personal development?
Why not offer coaching yourself....OR, simply sell some of the big name programs from the motivational speakers who are already household names. As long as they teach and preach things that you agree with and are comfortable recommending, you can literally build a 6 figure business on the back of JUST doing that, and with amazing speed to boot.
It's a great time to be an entrepreneur. And if you are anything like me, sometimes the opportunities are so overwhelming it actually makes your head spin. So pick something that you LOVE and get to work - I promise, if you have passion you CAN make a profit. (no "gurus" required)
Want the SECRET to earning 4 figures in ONE Day WITHOUT Tricks, Gimmicks or Guru's? Click HERE and I'll give it to you 100% Free!
The truth is, for tens of thousands of "passion professionals" this is exactly what our day looks like right now.
I truly believe that the absolute easiest way to make a full time living from home is doing what you love MOST, and then finding a community of subscribers, fans, friends, followers who share your passion.....but don't yet have your expertise.
This is also a business you can start, ALMOST for free.
How?
Content, much like I'm creating right with this very article, only takes time, and the commitment to create.
A community, especially today with HUGE social networks that bring people who share common interests together under one roof, makes finding and then developing relationships with others in your niche so super simple it's almost TOO easy!
Creating a blog is free, fan pages are free, content is free... it's such an amazing time for people who really care about something to build something special, to DO it, and on a shoestring budget to boot.
Getting paid for doing what you love?
Either create something to sell to your community of fans and followers, OR simply find something that already exists that you can heartily recommend.
For example, you can be a diet and nutrition specialist and either create your own "course" or diet program, or you can simply go out and find an existing diet with an international brand name and become an affiliate for them.
If you love spiritual, paranormal or psychic topics, you can either create something of value to share with your community (i.e. - offer intuitive readings, or a how to on developing psychic abilities if that's your expertise) OR simply partner with an existing service as an affiliate.
Are you passionate about personal development?
Why not offer coaching yourself....OR, simply sell some of the big name programs from the motivational speakers who are already household names. As long as they teach and preach things that you agree with and are comfortable recommending, you can literally build a 6 figure business on the back of JUST doing that, and with amazing speed to boot.
It's a great time to be an entrepreneur. And if you are anything like me, sometimes the opportunities are so overwhelming it actually makes your head spin. So pick something that you LOVE and get to work - I promise, if you have passion you CAN make a profit. (no "gurus" required)
Want the SECRET to earning 4 figures in ONE Day WITHOUT Tricks, Gimmicks or Guru's? Click HERE and I'll give it to you 100% Free!
Why Start a Home Business? A List of Pros to Start Your Home Business
Quite often we find ourselves confronted with the question: why start a home business?
Is it not simpler to get a part time job or a second job to earn a little extra on the side? Well, the part that says "little" is the first reason to start a home business.
With a little talent and a little luck you may find yourself earning more than just a little extra money. The second reason would be that, chances are, you already have a job where someone else tells you what to do and earns the full revenue of your work, while you are left to settle for whatever salary they pay you.
Many have underestimated the kind of satisfaction one can get from organizing their own work and reaping the full benefits of their hard labor.
Freedom is the first pro as to "why start a home business". You set the deadlines, you choose which direction you want your business to take and decide all the important aspects of your schedule. Do not consider this aspect to be insignificant.
A large portion of stress will be removed in this manner and you will feel the effects all around.
You will also find that you spend a lot less time in traffic jams driving to your workplace. Depending on the area you live in, you may find that you save up a couple of hours per day by not having to travel to get to work.
These extra hours can be better spent with your family, or working on your own profits.
Moreover, taking vacations is a lot easier when having a home business, since you only need to get your own approval on the matter. This also means that you can now synchronize your vacation period with that of your family easier.
Why start a home business if you already have a steady job?
A reason why many people switch working places is boredom. Usually, your boss only has you doing a small number of things per day, every day.
This routine gets incredibly frustrating since the human being is a being of diversity. Working for yourself means that you get to perform very diverse tasks related to your business.
A little accounting, some client service, some promoting - it may seem overwhelming at first, but it will keep you away from being bored.
It is also interesting to note that you will get a wide range of choices when you start off a home based business. Within the boundaries of what talents you have there is a lot of ground for freedom of choice.
If you are still asking "why start a home business?", let us take a look at some fiscal advantages. Many governments encourage and support small business models with reduced taxation. Tax deductions are also available on business vacations, cars and meals.
Why start a home business if you do not have any original ideas?
Because you do not need an original idea. You do not need rare talents or strokes of genius to start up your business. You only need a talent/activity you can perform and a certain demand for it.
You do not need to reinvent the wheel; you only need a segment of market where you can exploit demand.
Is there a shortage in carpenters in your area?
Are you good at translating, writing, editing or proofreading?
Are you good with numbers and you think you could handle Forex trading?
Maybe you heard people complain about their dog sitter?
There is nothing innovating about these examples, only activities you may perform better than others.
Why start a home business if you will end up working just as hard as you would in a 9 to 5 job?
You will most likely end up working hard either way, but in the case of your business, you will reap all the benefits. All the hard work you put into your project will generate extra income for your own benefit.
How many extra hours do you end up working at your current job? What is the reward? Imagine that, for every 200 dollars your boss pays you, you earn him 500.
Would it not be more pleasant to earn that money for yourself?
Why start a home business in the current economic state of the world?
You do not need to quit your day job straight off. You can work in a tight schedule for your own business enterprise in between working hours. Once you get a feel of the market, you can simply decide between the alternatives.
Other than that, now is a great time to be testing waters business-wise.
Why start a home business? Because it is definitely worth it!
Isaac Jon is an Online Entrepreneur, founder of Ganston Reed Publishing & FocusOn1.com and Expert Ezine Author.
Isaac was taught real-world entrepreneurialism by UK Entrepreneur Nick James.
He has lots of free business building articles and content which can be found at his personal Web Log.
http://www.focuson1.com
Isaac's primary goal is to "provide good information, about simple business principles which can consistently produce the results needed to make a profit."
Is it not simpler to get a part time job or a second job to earn a little extra on the side? Well, the part that says "little" is the first reason to start a home business.
With a little talent and a little luck you may find yourself earning more than just a little extra money. The second reason would be that, chances are, you already have a job where someone else tells you what to do and earns the full revenue of your work, while you are left to settle for whatever salary they pay you.
Many have underestimated the kind of satisfaction one can get from organizing their own work and reaping the full benefits of their hard labor.
Freedom is the first pro as to "why start a home business". You set the deadlines, you choose which direction you want your business to take and decide all the important aspects of your schedule. Do not consider this aspect to be insignificant.
A large portion of stress will be removed in this manner and you will feel the effects all around.
You will also find that you spend a lot less time in traffic jams driving to your workplace. Depending on the area you live in, you may find that you save up a couple of hours per day by not having to travel to get to work.
These extra hours can be better spent with your family, or working on your own profits.
Moreover, taking vacations is a lot easier when having a home business, since you only need to get your own approval on the matter. This also means that you can now synchronize your vacation period with that of your family easier.
Why start a home business if you already have a steady job?
A reason why many people switch working places is boredom. Usually, your boss only has you doing a small number of things per day, every day.
This routine gets incredibly frustrating since the human being is a being of diversity. Working for yourself means that you get to perform very diverse tasks related to your business.
A little accounting, some client service, some promoting - it may seem overwhelming at first, but it will keep you away from being bored.
It is also interesting to note that you will get a wide range of choices when you start off a home based business. Within the boundaries of what talents you have there is a lot of ground for freedom of choice.
If you are still asking "why start a home business?", let us take a look at some fiscal advantages. Many governments encourage and support small business models with reduced taxation. Tax deductions are also available on business vacations, cars and meals.
Why start a home business if you do not have any original ideas?
Because you do not need an original idea. You do not need rare talents or strokes of genius to start up your business. You only need a talent/activity you can perform and a certain demand for it.
You do not need to reinvent the wheel; you only need a segment of market where you can exploit demand.
Is there a shortage in carpenters in your area?
Are you good at translating, writing, editing or proofreading?
Are you good with numbers and you think you could handle Forex trading?
Maybe you heard people complain about their dog sitter?
There is nothing innovating about these examples, only activities you may perform better than others.
Why start a home business if you will end up working just as hard as you would in a 9 to 5 job?
You will most likely end up working hard either way, but in the case of your business, you will reap all the benefits. All the hard work you put into your project will generate extra income for your own benefit.
How many extra hours do you end up working at your current job? What is the reward? Imagine that, for every 200 dollars your boss pays you, you earn him 500.
Would it not be more pleasant to earn that money for yourself?
Why start a home business in the current economic state of the world?
You do not need to quit your day job straight off. You can work in a tight schedule for your own business enterprise in between working hours. Once you get a feel of the market, you can simply decide between the alternatives.
Other than that, now is a great time to be testing waters business-wise.
Why start a home business? Because it is definitely worth it!
Isaac Jon is an Online Entrepreneur, founder of Ganston Reed Publishing & FocusOn1.com and Expert Ezine Author.
Isaac was taught real-world entrepreneurialism by UK Entrepreneur Nick James.
He has lots of free business building articles and content which can be found at his personal Web Log.
http://www.focuson1.com
Isaac's primary goal is to "provide good information, about simple business principles which can consistently produce the results needed to make a profit."
Is Forex Trading a Legitimate Home Business?
Forex (the foreign exchange market) is a real and legitimate home business that deals with the simultaneous acquisition and sale of a currency or the exchange of one country's currency for that of another.
It will not make you rich over the night, but you can earn some substantial income if you treat it seriously, like any other business.
What are the steps to follow when starting Forex trading?
This unique legitimate home business is the ideal way to make a sizeable income working comfortably at home, without office politics and schedules, unscrupulous bosses, annoying coworkers and the misery of bringing profit to someone else while you get a fixed, minuscule salary. Here are the steps you must follow to get started:
1. Get a PC and a broadband connection. Do not worry about renting space, you can work just fine from home.
2. Search the Internet and visit the websites of as many brokers as possible in order to choose the best of them. After all, your money must be safe with the broker, not stolen or misappropriated.
3. Try out some trading software using fictitious money to get acquainted with Forex. Your broker should provide you such trading platform.
4. Start making profit by trading for real. After you understand how things work, you will become a professional trader, and you are due to make more and more profit.
Are there any tricks?
No, there are not. Forex is a legitimate home business that can bring you substantial profit with a small initial investment. However, there are a few scams that some may associate with the foreign exchange market, because there are people attempting to take advantage of traders who try to gain money.
Here is a short list of swindles:
1. If something sounds too good to be true, it usually is! If a corporation guarantees fantastic gain in a short period of time, you should become skeptical. Making profit from a legitimate home business as Forex takes some time, study and effort, and thus you will not make thousands of dollars in just one week.
2. Miraculous software does not exist, especially software that can decode the exchange market for you, although there are certain corporations that state such nonsense.
Moreover, you should be careful with signal sellers who charge a certain fee in exchange for information that is supposed to make it easier for you to improve your trading. In fact, the information they sell is fake and will not help at all.
3. Background information is not supposed to be secret and thus, if a company refuses to offer you background information on their activity or about their clients' experiences, you definitely do not want to have anything to do with it.
4. Do not trust a faceless friendly voice on the telephone, a flashy website or the friend of a friend that is offering a big trading opportunity. Forex is a legitimate home business, not a money-making machine! Never invest with someone you do not know, because, whether the investment is planned as a scam or becomes one, the result is the same: your savings in someone else's pocket.
How can I avoid such scams?
There are plenty of brokers out there that are ready to walk away with your cash. If you want to start a safe and legitimate business, here are a few tips about how to make sure that nobody will disappear with your savings:
1. Check for complaints at the police department, Better Business Bureau or ask the financial editor of the local newspaper.
However, the absence of complaints or information about a broker working a scam in that region does not mean that someone who guarantees you $5000 per week as a profit from trading is serious. Be skeptical when it comes to such amount of money because a foreign exchange legitimate home business brings that much money in time, not suddenly.
2. Contact the proper regulatory organization to find out whether a broker or a company is properly registered to engage in trading. The appropriate agency will provide you with the information you asked for or conduct an investigation.
3. If someone contacts you with a trading proposal that sounds suspicious, start to interrogate him/her. Start asking for references, for example, or ask about commissions and fees.
A very good question to ask is whether he/she agrees to show that investment plan to your lawyer, accountant or investment advisor. Should their answer be "no", you are definitely dealing with a scam.
4. Be cautious when sending money on the Internet and do that only after having investigated the company's or the broker's background thoroughly. Online exchange of money has become safer over the years, but lawbreakers recognize the potential of the World Wide Web.
Armed with the required knowledge about trading and after having learned how to avoid scams, you are ready to make the next step in your future trading career.
Just remember that Forex trading itself is no swindle -it is actually a legitimate home business that can provide you substantial profit.
Isaac Jon is an Online Entrepreneur, founder of Ganston Reed Publishing & FocusOn1.com and Expert Ezine Author.
Isaac was taught real-world entrepreneurialism by UK Entrepreneur Nick James.
He has lots of free business building articles and content which can be found at his personal Web Log.
http://www.focuson1.com
Isaac's primary goal is to "provide good information, about simple business principles which can consistently produce the results needed to make a profit."
You may also be interested in this Article Best Home Business.
You can also visit Isaac's Author page for more information
It will not make you rich over the night, but you can earn some substantial income if you treat it seriously, like any other business.
What are the steps to follow when starting Forex trading?
This unique legitimate home business is the ideal way to make a sizeable income working comfortably at home, without office politics and schedules, unscrupulous bosses, annoying coworkers and the misery of bringing profit to someone else while you get a fixed, minuscule salary. Here are the steps you must follow to get started:
1. Get a PC and a broadband connection. Do not worry about renting space, you can work just fine from home.
2. Search the Internet and visit the websites of as many brokers as possible in order to choose the best of them. After all, your money must be safe with the broker, not stolen or misappropriated.
3. Try out some trading software using fictitious money to get acquainted with Forex. Your broker should provide you such trading platform.
4. Start making profit by trading for real. After you understand how things work, you will become a professional trader, and you are due to make more and more profit.
Are there any tricks?
No, there are not. Forex is a legitimate home business that can bring you substantial profit with a small initial investment. However, there are a few scams that some may associate with the foreign exchange market, because there are people attempting to take advantage of traders who try to gain money.
Here is a short list of swindles:
1. If something sounds too good to be true, it usually is! If a corporation guarantees fantastic gain in a short period of time, you should become skeptical. Making profit from a legitimate home business as Forex takes some time, study and effort, and thus you will not make thousands of dollars in just one week.
2. Miraculous software does not exist, especially software that can decode the exchange market for you, although there are certain corporations that state such nonsense.
Moreover, you should be careful with signal sellers who charge a certain fee in exchange for information that is supposed to make it easier for you to improve your trading. In fact, the information they sell is fake and will not help at all.
3. Background information is not supposed to be secret and thus, if a company refuses to offer you background information on their activity or about their clients' experiences, you definitely do not want to have anything to do with it.
4. Do not trust a faceless friendly voice on the telephone, a flashy website or the friend of a friend that is offering a big trading opportunity. Forex is a legitimate home business, not a money-making machine! Never invest with someone you do not know, because, whether the investment is planned as a scam or becomes one, the result is the same: your savings in someone else's pocket.
How can I avoid such scams?
There are plenty of brokers out there that are ready to walk away with your cash. If you want to start a safe and legitimate business, here are a few tips about how to make sure that nobody will disappear with your savings:
1. Check for complaints at the police department, Better Business Bureau or ask the financial editor of the local newspaper.
However, the absence of complaints or information about a broker working a scam in that region does not mean that someone who guarantees you $5000 per week as a profit from trading is serious. Be skeptical when it comes to such amount of money because a foreign exchange legitimate home business brings that much money in time, not suddenly.
2. Contact the proper regulatory organization to find out whether a broker or a company is properly registered to engage in trading. The appropriate agency will provide you with the information you asked for or conduct an investigation.
3. If someone contacts you with a trading proposal that sounds suspicious, start to interrogate him/her. Start asking for references, for example, or ask about commissions and fees.
A very good question to ask is whether he/she agrees to show that investment plan to your lawyer, accountant or investment advisor. Should their answer be "no", you are definitely dealing with a scam.
4. Be cautious when sending money on the Internet and do that only after having investigated the company's or the broker's background thoroughly. Online exchange of money has become safer over the years, but lawbreakers recognize the potential of the World Wide Web.
Armed with the required knowledge about trading and after having learned how to avoid scams, you are ready to make the next step in your future trading career.
Just remember that Forex trading itself is no swindle -it is actually a legitimate home business that can provide you substantial profit.
Isaac Jon is an Online Entrepreneur, founder of Ganston Reed Publishing & FocusOn1.com and Expert Ezine Author.
Isaac was taught real-world entrepreneurialism by UK Entrepreneur Nick James.
He has lots of free business building articles and content which can be found at his personal Web Log.
http://www.focuson1.com
Isaac's primary goal is to "provide good information, about simple business principles which can consistently produce the results needed to make a profit."
You may also be interested in this Article Best Home Business.
You can also visit Isaac's Author page for more information
What Are Penny Stocks and Where to Discover Penny Stocks?
Do you know what penny stocks are? Little cap stocks are inexpensive way of coming into the discuss industry and provides you an option of greater revenue. With as low as $25,000 of economical commitment you can get yourself a lot of shares by buying the penny stocks. Discover more details below that will help you business in penny stocks.
Penny stocks are shares possessed by public organizations that are often underrated, with prices as low as $ 5.00 or less. These activities are recognized by dangerous and great compensate value, which means that prices are known to go up and down at certain stages that provide you to be able to have great income and an increased possibility of dropping its value. Most penny stocks are used as a funding device for small business owners that need more investment for its functions and development. A lot of traders however have remained away from penny inventory investing dealing because of the bad popularity associated with it. But this is only an impact of the deficit of research by the buyer. With appropriate research of the qualifications of an organization and a authorities for a reputable agent, there is no reason for traders to stay away.
Small cap stocks are usually exchanged in different marketplaces. The excellent of marketplaces and business methods that will most likely tell the excellent of penny stocks that are exchanged. If you plan to buy something inventory investing that is possessed by an organization in a controlled industry, then it follows with all the necessary economical specifications for that industry. The most secure locations to discover penny stocks are small NASDQ Market and deals of The united states.
The NASDAQ Little Market Cap is the best position to business for penny stocks. Detailed organizations in this come back adhere to different conformity and economic review techniques. Info on the qualifications of economical organizations can be found on their website, and some organizations offer a conclusion of the results of the year before to guarantee traders of its success. Assets in this industry is very good and most of its functions will be equaled up easily. The normal cost of penny inventory investing that seems to be in this come back is $1.00 and above.
The United states stock exchange or United states Stock Exchange is the best position to look for underrated stocks. Like the NASDAQ, the organizations right here must also fulfill the economical need established from stores. Market liquidity is not as effective as NASDAQ, but still better than other marketplaces.
Another position that you can look into is the OTC-BB (over the reverse bulletins board). The OTC-BB is a consultation service that follows particular guidelines to work. This action provides real-time dealing. Just keep in mind that the OTC-BB is not reverse, as the name can be complicated at times. The OTC or OTC industry is the control that needs not much control. There is almost no industry liquidity, so that the shares obtained will be challenging to offer.
There are details services that provide advice, tips on hot penny stock investing, no cost updates etc. It is also best to search for professional help in dealing but it all is established by your funds and your need. You can get no cost economical commitment thoughts at Walls Road Benefits.
Wall Road Benefits Are dedicated to choosing small cap organizations that signify breakaway stocks with actual upwards potential based on information. Get Walls Road Win no cost economical commitment thoughts and discuss to one our buyer interaction professionals for no cost.
Get Wall Street Wins free stock market and investing, penny stocks, stock picks, small cap stocks investments ideas and talk to one of Wall Street Wins investor relations consultants for free
Penny stocks are shares possessed by public organizations that are often underrated, with prices as low as $ 5.00 or less. These activities are recognized by dangerous and great compensate value, which means that prices are known to go up and down at certain stages that provide you to be able to have great income and an increased possibility of dropping its value. Most penny stocks are used as a funding device for small business owners that need more investment for its functions and development. A lot of traders however have remained away from penny inventory investing dealing because of the bad popularity associated with it. But this is only an impact of the deficit of research by the buyer. With appropriate research of the qualifications of an organization and a authorities for a reputable agent, there is no reason for traders to stay away.
Small cap stocks are usually exchanged in different marketplaces. The excellent of marketplaces and business methods that will most likely tell the excellent of penny stocks that are exchanged. If you plan to buy something inventory investing that is possessed by an organization in a controlled industry, then it follows with all the necessary economical specifications for that industry. The most secure locations to discover penny stocks are small NASDQ Market and deals of The united states.
The NASDAQ Little Market Cap is the best position to business for penny stocks. Detailed organizations in this come back adhere to different conformity and economic review techniques. Info on the qualifications of economical organizations can be found on their website, and some organizations offer a conclusion of the results of the year before to guarantee traders of its success. Assets in this industry is very good and most of its functions will be equaled up easily. The normal cost of penny inventory investing that seems to be in this come back is $1.00 and above.
The United states stock exchange or United states Stock Exchange is the best position to look for underrated stocks. Like the NASDAQ, the organizations right here must also fulfill the economical need established from stores. Market liquidity is not as effective as NASDAQ, but still better than other marketplaces.
Another position that you can look into is the OTC-BB (over the reverse bulletins board). The OTC-BB is a consultation service that follows particular guidelines to work. This action provides real-time dealing. Just keep in mind that the OTC-BB is not reverse, as the name can be complicated at times. The OTC or OTC industry is the control that needs not much control. There is almost no industry liquidity, so that the shares obtained will be challenging to offer.
There are details services that provide advice, tips on hot penny stock investing, no cost updates etc. It is also best to search for professional help in dealing but it all is established by your funds and your need. You can get no cost economical commitment thoughts at Walls Road Benefits.
Wall Road Benefits Are dedicated to choosing small cap organizations that signify breakaway stocks with actual upwards potential based on information. Get Walls Road Win no cost economical commitment thoughts and discuss to one our buyer interaction professionals for no cost.
Get Wall Street Wins free stock market and investing, penny stocks, stock picks, small cap stocks investments ideas and talk to one of Wall Street Wins investor relations consultants for free
Mortgage Notes For Home Business Investing
Mortgage notes offer a lot of opportunities to build cash flow but what is this business and how can you make it work for you? If you are new to the business then you need to find out more about the basics and do all you can to understand the industry. The first thing you need to understand is the idea that you would be running your own business. For some this is a stumbling block even if they don't know it. What does it mean to own and run your own business? If you are just starting to think about this as an option for you then you need to understand some basics before you start.
Too many people look at the "glory" of the idea rather than the responsibility of owning your own business. It is not all freedom from the start and in fact, it may not offer more freedom after it grows either. You see, when you think only about the bonuses and benefits that you hope to gain you may miss the required effort that will give you those hoped for dreams. Running your own business can offer extra freedoms if you treat the business like a business. One of the first things to do in order to start on the right foot is to recognize that all businesses require a lot of time, effort and money in order to become established. You do not get your "freedom" right from the start.
Starting with a responsible outlook will help you recognize what really needs to happen in order to make a business work and to get your business off the ground. Now you can focus on the details needed to create and grow such a business. With the private mortgage note business you must understand certain basics and then you can start to find out the details that will work for you. Keep in mind that there are many ways to make money with mortgage notes and not all options are perfect for every individual. So once you decide to accept that starting such a business will require real work and serious effort and time you can start thinking about what part of the business will work best for you. Are you going to be an investor who has capital to buy the notes and create a cash flow portfolio or do you prefer to work the business as a middle man finding the notes and bringing the buyer and note seller together for a commission for your efforts.
If you decide you want to be the go between and just find the notes and present them to the buyer for a commission then Click Here to learn more about the next steps. If you feel that you are able to start creating your own portfolio of cash flows and want to put your money to work for you then Click Here to find out about some options for you. No matter what approach seems to work best for you, you need to educate yourself as much as possible. Take the time to learn what is needed and then focus on those items to get your desired results.
Mike Wood
Entrepreneur, Cashflow investor and business trainer/coach.
NoteDocs.com
Too many people look at the "glory" of the idea rather than the responsibility of owning your own business. It is not all freedom from the start and in fact, it may not offer more freedom after it grows either. You see, when you think only about the bonuses and benefits that you hope to gain you may miss the required effort that will give you those hoped for dreams. Running your own business can offer extra freedoms if you treat the business like a business. One of the first things to do in order to start on the right foot is to recognize that all businesses require a lot of time, effort and money in order to become established. You do not get your "freedom" right from the start.
Starting with a responsible outlook will help you recognize what really needs to happen in order to make a business work and to get your business off the ground. Now you can focus on the details needed to create and grow such a business. With the private mortgage note business you must understand certain basics and then you can start to find out the details that will work for you. Keep in mind that there are many ways to make money with mortgage notes and not all options are perfect for every individual. So once you decide to accept that starting such a business will require real work and serious effort and time you can start thinking about what part of the business will work best for you. Are you going to be an investor who has capital to buy the notes and create a cash flow portfolio or do you prefer to work the business as a middle man finding the notes and bringing the buyer and note seller together for a commission for your efforts.
If you decide you want to be the go between and just find the notes and present them to the buyer for a commission then Click Here to learn more about the next steps. If you feel that you are able to start creating your own portfolio of cash flows and want to put your money to work for you then Click Here to find out about some options for you. No matter what approach seems to work best for you, you need to educate yourself as much as possible. Take the time to learn what is needed and then focus on those items to get your desired results.
Mike Wood
Entrepreneur, Cashflow investor and business trainer/coach.
NoteDocs.com
5 Questions You Should Ask Before You Choose Private Banking
If you've got a lot of funds you're ready to invest, the private banking system is certainly something to look hard at. These are much more personalized than the services provided by retail banks, which focus more on the basic services relevant to people who have lower net worth. That means you'll want to ask some important questions so you'll know you've found the right bank.
1. Will I have a dedicated account manager?
A huge advantage of personalized banking is the fact that investment managers will get to know your needs and what your ultimate goals are for your money. However, some banks with private accounts still have multiple account managers who share the workload. While this can be good if your personal manager isn't available, it can be confusing having more than one person involved in your money management.
2. What is the minimum deposit amount?
Each bank has their own initial deposit amount required for them to open up a private investment banking account for an individual. In many cases, it is upwards of $250,000. The reason for the minimum deposit is that many of the investment banking strategies require that the individual have a large sum available.
3. How is your bank better than the competitors?
Each bank claims to have advantages because of their private services, so you'll want to hear how effective their pitches are in action. When you're investing so much money, it makes sense to ask this question of several banks and learn what sets them apart from one another.
4. What is your fee structure?
Some banks charge a percentage of the total investment for their services, whereas others have a flat fee per transaction. Some banks won't charge anything, but instead get their money based on commissions for the investments they direct your money into. This can actually cost an investor more because the account manager could be tempted to handle the account based on his commission instead of what the best choices are for the investor.
5. What estate planning services do you offer? Another aspect of private banking you'll want to ask about is what services they provide for your estate planning needs. The tax implications of leaving money to your heirs are significant, and bankers should be able to help you strategize the best way to organize your estate.
Finding the right time to transition your assets into private banking is an important decision, and you should make it with the help of a bank you trust. These questions can help you narrow down your options and make a wise financial choice.
Before making the choice regarding Colorado private banking, there are some things you need to consider.Julian Bradshaw understands personal banking Denver and has some great tips to help you navigate the banking landscape.
1. Will I have a dedicated account manager?
A huge advantage of personalized banking is the fact that investment managers will get to know your needs and what your ultimate goals are for your money. However, some banks with private accounts still have multiple account managers who share the workload. While this can be good if your personal manager isn't available, it can be confusing having more than one person involved in your money management.
2. What is the minimum deposit amount?
Each bank has their own initial deposit amount required for them to open up a private investment banking account for an individual. In many cases, it is upwards of $250,000. The reason for the minimum deposit is that many of the investment banking strategies require that the individual have a large sum available.
3. How is your bank better than the competitors?
Each bank claims to have advantages because of their private services, so you'll want to hear how effective their pitches are in action. When you're investing so much money, it makes sense to ask this question of several banks and learn what sets them apart from one another.
4. What is your fee structure?
Some banks charge a percentage of the total investment for their services, whereas others have a flat fee per transaction. Some banks won't charge anything, but instead get their money based on commissions for the investments they direct your money into. This can actually cost an investor more because the account manager could be tempted to handle the account based on his commission instead of what the best choices are for the investor.
5. What estate planning services do you offer? Another aspect of private banking you'll want to ask about is what services they provide for your estate planning needs. The tax implications of leaving money to your heirs are significant, and bankers should be able to help you strategize the best way to organize your estate.
Finding the right time to transition your assets into private banking is an important decision, and you should make it with the help of a bank you trust. These questions can help you narrow down your options and make a wise financial choice.
Before making the choice regarding Colorado private banking, there are some things you need to consider.Julian Bradshaw understands personal banking Denver and has some great tips to help you navigate the banking landscape.
4 Reasons More Trend Followers Use Futures Instead of ETFs
Trend Followers have made a lot of money over the years, most notably Warren Buffett. Traditionally, those trend followers have made their money trading Futures. Here's the question: "Why does most Trend Trading use Futures instead of ETFs?"
It's a good question. Futures are more complex products, and do have more risk. They require a separate futures account, and have only a fraction of the number people trading them compared to the stock market. They're pretty much off the main-stream investing radar.
Despite that fact, futures have advantages over stocks and ETFs which can make them far better for trend following. In fact, I find it difficult to believe you can be a successful trend trader over the long haul if you use ETFs only. However, that being said, you can have a great trend following strategy that does trade ETFs.
Because of the nature of ETFs, trend trading them can't bring in the types of returns that a futures system does (numbers like 1200% higher than an average S&P account for example), but trend trading in general can do way more than your average stock account. By tracking trends and being able to make money on down markets you increase your profitability by default.
That's important because while your system is slowly growing your money, most of all you're not losing your money. It's brilliant (if I do say so myself).
But trend trading is traditionally in Futures.
For Trend Followers, the strengths of futures make a huge difference to long term profits. I'd estimate using futures doubles your potential profits over the long run.
Reason #1: Diversification
When I hear people who mostly trade in the stock market talk about diversification, I just laugh. The level of diversification in stocks is probably less than 25% that of the wider futures markets.
You can easily trade international gold, interest rates, stock markets, African commodities, European crude oil, U.S. grains, South American Coffee, 6-10 major currencies, U.S. energy markets, and more from your futures account. All of these have totally different economic exposures, completely different major players in those markets, and completely different delivery cycles.
It's common for trend traders to choose from 25+ completely different markets.
Reason #2: Risk
It's so important to only risk a little bit on each trade. I am thinking about putting "Risk only a little bit!" on my business card! If you get only one idea out of the huge number of articles on this blog, have it be "risk only a little bit".
With futures, it's possible to do this easily. It's very, very easy to risk a prudent amount of money with futures.
Reason #3: Leverage
One great thing about futures is you can risk the proper, very small amount of money quite easily. But even better, you can do it without eating up your entire account. We talked about diversification before, and how futures markets are the definition of diversification.
What good is that divesification if you can't use it? to trade well, you need to only risk a little bit per trade. But you also need exposure to many markets. It's very hard to risk the right amount on many diverse markets without leverage.
Futures markets give you leverage. In fact, futures give you dangerous amounts of leverage. One of the reasons I stress keeping risk very small is because with any trading and futures in particular, it's easy to let this risk get out of control.
This leverage is one of the major reasons why I think it's hard to be a successful trend trader just using ETFs. It requires a special kind of trading to make ETFs work as a trend follower.
Reason #4: Easy to Short
Markets trends can go up or down. Of course, markets can go up. But most old time traders will tell you they prefer down markets. Why? The profits tend to be faster or bigger, and sometimes both!
Futures are literally designed to make them easy to short. Futures markets were created to help farmers sell their crops before they harvested them. This is the reason futures markets got started - to help people sell short easily.
This is part of the contract design today. It's incredibly easy to go short a market in futures. There is no special charges or fees, and you don't need to find out if you can short this market.
Nope- you just sell a futures contract. This makes it very, very easy to catch massive downtrends like the one in natural gas.
With stocks and ETFs, it requires a special margin account, and most brokers frown on letting people short stocks. Conclusion
Futures markets have difficulties, but they also have strengths too. The goal of trend trading is to make money, and to do this, a trend trading system needs to trade many markets both long and short, but still risk only a little bit!
Meeting these requirements isn't easy. Futures allow trend traders to trade a huge range of markets easily, cheaply, and with the proper risk.
Copyright (c) 2012 Trend Following 101
Michael Sankowski 's findings often lead him to tremendous moneymaking opportunities that you won't find on the front pages of The Wall Street Journal or any other financial news outlet. He makes enough money from sharing these hidden opportunities that he doesn't punch a time clock anymore. Find out more at Trend Following 101
It's a good question. Futures are more complex products, and do have more risk. They require a separate futures account, and have only a fraction of the number people trading them compared to the stock market. They're pretty much off the main-stream investing radar.
Despite that fact, futures have advantages over stocks and ETFs which can make them far better for trend following. In fact, I find it difficult to believe you can be a successful trend trader over the long haul if you use ETFs only. However, that being said, you can have a great trend following strategy that does trade ETFs.
Because of the nature of ETFs, trend trading them can't bring in the types of returns that a futures system does (numbers like 1200% higher than an average S&P account for example), but trend trading in general can do way more than your average stock account. By tracking trends and being able to make money on down markets you increase your profitability by default.
That's important because while your system is slowly growing your money, most of all you're not losing your money. It's brilliant (if I do say so myself).
But trend trading is traditionally in Futures.
For Trend Followers, the strengths of futures make a huge difference to long term profits. I'd estimate using futures doubles your potential profits over the long run.
Reason #1: Diversification
When I hear people who mostly trade in the stock market talk about diversification, I just laugh. The level of diversification in stocks is probably less than 25% that of the wider futures markets.
You can easily trade international gold, interest rates, stock markets, African commodities, European crude oil, U.S. grains, South American Coffee, 6-10 major currencies, U.S. energy markets, and more from your futures account. All of these have totally different economic exposures, completely different major players in those markets, and completely different delivery cycles.
It's common for trend traders to choose from 25+ completely different markets.
Reason #2: Risk
It's so important to only risk a little bit on each trade. I am thinking about putting "Risk only a little bit!" on my business card! If you get only one idea out of the huge number of articles on this blog, have it be "risk only a little bit".
With futures, it's possible to do this easily. It's very, very easy to risk a prudent amount of money with futures.
Reason #3: Leverage
One great thing about futures is you can risk the proper, very small amount of money quite easily. But even better, you can do it without eating up your entire account. We talked about diversification before, and how futures markets are the definition of diversification.
What good is that divesification if you can't use it? to trade well, you need to only risk a little bit per trade. But you also need exposure to many markets. It's very hard to risk the right amount on many diverse markets without leverage.
Futures markets give you leverage. In fact, futures give you dangerous amounts of leverage. One of the reasons I stress keeping risk very small is because with any trading and futures in particular, it's easy to let this risk get out of control.
This leverage is one of the major reasons why I think it's hard to be a successful trend trader just using ETFs. It requires a special kind of trading to make ETFs work as a trend follower.
Reason #4: Easy to Short
Markets trends can go up or down. Of course, markets can go up. But most old time traders will tell you they prefer down markets. Why? The profits tend to be faster or bigger, and sometimes both!
Futures are literally designed to make them easy to short. Futures markets were created to help farmers sell their crops before they harvested them. This is the reason futures markets got started - to help people sell short easily.
This is part of the contract design today. It's incredibly easy to go short a market in futures. There is no special charges or fees, and you don't need to find out if you can short this market.
Nope- you just sell a futures contract. This makes it very, very easy to catch massive downtrends like the one in natural gas.
With stocks and ETFs, it requires a special margin account, and most brokers frown on letting people short stocks. Conclusion
Futures markets have difficulties, but they also have strengths too. The goal of trend trading is to make money, and to do this, a trend trading system needs to trade many markets both long and short, but still risk only a little bit!
Meeting these requirements isn't easy. Futures allow trend traders to trade a huge range of markets easily, cheaply, and with the proper risk.
Copyright (c) 2012 Trend Following 101
Michael Sankowski 's findings often lead him to tremendous moneymaking opportunities that you won't find on the front pages of The Wall Street Journal or any other financial news outlet. He makes enough money from sharing these hidden opportunities that he doesn't punch a time clock anymore. Find out more at Trend Following 101
Simple Budgeting Advice to Help With Advanced Budgeting
Budgeting is the most important aspect of one's financial life. If you want to gain control over your financial life, you have to make sure that you are using a budget. Sometimes, people try budgeting but they cannot get any advantages from it. The problem in such situations is improper budgeting and not the principle of using budget to control the finance. If you know how to make a budget, you will probably know what mistakes you have been making. If your budgeting failed on more than one occasions, then you do not know enough about making a smart budget.
In order to start making a budget, you have to make sure that you understand different categories of personal finance. Anyone who knows these categories, will be able to allocate right amount of money to each expense making sure that things are on their due course. You will not suffer from budgeting problems once you start making your budget according to different categories of personal finance.
Personal finance can be divided into four different categories. These categories can have different names but they will essentially represent the same areas of personal finance. Here are these categories.
1) Expenses
2) Giving
3) Investing
4) Reserves
Now the first thing to learn about these finance categories is to allocate your income to each of them according to its priority. The priority may be different for everyone since someone would want to create an emergency fund with reserves before creating funds for investing. Whatever you prefer, add funds to that category first and then go back to the rest of the categories.
Most of the times, you will have the order as follows
1) Giving
2) Investing
3) Savings
4) Personal expenses
This order can be useful especially when you are not sure about your financial freedom. Using this priority list, you will be able to curtail your personal expenses and increase investing as well as savings. After few months, you will notice that you are going in the right direction with this set of priorities.
Some people allocate funds to expenses before sending it to savings, investing and giving. This can be a problem since prioritizing expenses may result in not having enough money for savings or investing. Therefore, if you do not want to be in this situation, try to set your priority list carefully. Once you set these personal finance categories right, you will not have any problem controlling your budget.
If you fall short of cash, do not use your credit card extensively to stay within your budget. However, you can use easy payday loans to get quick cash.
UK Online Payday Loans is the best payday loan company. You will find best rates and terms with us when you need to get a payday loan.
In order to start making a budget, you have to make sure that you understand different categories of personal finance. Anyone who knows these categories, will be able to allocate right amount of money to each expense making sure that things are on their due course. You will not suffer from budgeting problems once you start making your budget according to different categories of personal finance.
Personal finance can be divided into four different categories. These categories can have different names but they will essentially represent the same areas of personal finance. Here are these categories.
1) Expenses
2) Giving
3) Investing
4) Reserves
Now the first thing to learn about these finance categories is to allocate your income to each of them according to its priority. The priority may be different for everyone since someone would want to create an emergency fund with reserves before creating funds for investing. Whatever you prefer, add funds to that category first and then go back to the rest of the categories.
Most of the times, you will have the order as follows
1) Giving
2) Investing
3) Savings
4) Personal expenses
This order can be useful especially when you are not sure about your financial freedom. Using this priority list, you will be able to curtail your personal expenses and increase investing as well as savings. After few months, you will notice that you are going in the right direction with this set of priorities.
Some people allocate funds to expenses before sending it to savings, investing and giving. This can be a problem since prioritizing expenses may result in not having enough money for savings or investing. Therefore, if you do not want to be in this situation, try to set your priority list carefully. Once you set these personal finance categories right, you will not have any problem controlling your budget.
If you fall short of cash, do not use your credit card extensively to stay within your budget. However, you can use easy payday loans to get quick cash.
UK Online Payday Loans is the best payday loan company. You will find best rates and terms with us when you need to get a payday loan.
Innovation in On-Line Billing
Last month the Javelin E-commerce research company released its annual report on who they see to be the "innovators" in the on-line Billing space (at least as it relates to US experience). These are many of the companies that are not the Billers themselves (or merchants with the facility to render a bill directly at their own web site and to readily accept online payment at the same site) and the Banks and/or Credit Unions (or what Javelin calls FI's) who offer an online BillPay service to their customers.
Let's start with a few quotes from the report:
"A number of innovative companies are seeking to overhaul and streamline the chore of paying bills with services that potentially could steal market share from the dominant models of paying bills at Financial Institutions (FI)s or directly at biller sites. Success for the upstarts will not come easily or soon, however. These innovators not only are competing against one another in a crowded field with piecemeal offerings, their survival will depend on changing entrenched consumer habits for paying bills at FIs, at biller sites, and by mail."
"Billpay innovators have the potential - at least on paper - to offer a package that combines or exceeds the strengths of FI bill pay and the biller direct model. Those strengths include the ability to view and pay all bills in one place, oversee all account balances in one place, pay from any account at any FI, and file away documents from all sources."
BillPay Innovators lack the necessary four-part combo: money management, billpay capabilities, archives, and mobile access. To convince consumers that they are a compelling billpay alternative, innovators must offer a package that combines the control of money management, the practicality of bill pay, access and control via mobile devices, and the convenience and security of electronic archives."
In summary then, Javelin concludes that independent online billing companies may have a possibly disruptive influence in the future, but it's not yet happened, it will take a long time, the impact will be small, consumer habits will be difficult to change, the new functionality that will be available is not that compelling and there is a lot of competition rendering the effort relatively unprofitable. In other words, this is not a very positive outlook. Unfortunately, this overall conclusion is based on faulty assumptions leading to spurious and incorrect forecasts and in this article we will briefly suggest why this is the case and take each of these four overall objections one by one.
1. The market penetration of a well-run cloud-based online billing business will take a long time and the impact will be small.
The argument here is that Bank Bill Pay and "Biller direct" has already "locked up" much of the market and the small innovative online billing companies now have only the "crumbs from the rich guy's table". This assumes that both merchants and consumers are happy with these two currently available options. For a start only the largest billers typically have an online presentment and payment solution and even it may be slow and not easy to navigate (and creates a different user experience for the consumer for every merchant that has such a site). On the Bank/FI side, online bill payment is offered but presentment is either not available at all in most cases or is only at summary single line level (so the consumer can't view a full digital bill). The consumer may also only be able to pay bills for large merchants and only from their checking account. Both of these parts of the market are therefore only "technology interludes". They will be quickly swept away by a full and integrated digital portal-based technology and this is available from several of the innovators right now.
2. Consumer habits will be difficult to change
It is true that consumer behavior is hard to change but it is not impossible. Look at the significant shift to internet banking in the last decade (which is what has mainly driven online bank bill pay in recent times). However, more significantly the pain is not essentially on the consumer side in the bill presentment and payment area-it is on the merchant side of the equation. Merchant pain here is considerable and long standing. Many merchants have been sending out paper-bills for decades and collecting payment by offline means (like cheque and cash) for as long. Even where they can take credit and debit cards they need to have a response team or call-centre, which is costly. But perhaps most significant (and this envelopes even those merchants that have switched to emailed invoices), the big merchant challenge is reconciliation, most of which is done manually and may require two, three or even four sets of data-keying. Online billing reduces this task to almost zero time and therefore on-going cost. And with a sophisticated cloud-based online billing and payment solution it also means no up-front capital cost and the avoidance of the months of time it may take to integrate with the local accounting software being used. This is a very big win for merchants and allows them to offer incentives to customers to switch to online payment or face extra costs if they do not. From a consumer perspective this not only quickly changes the thinking but if the online solution allows them to also get a bill on the phone as a text message, as an email or they can still print it if they wish, the resistance is likely to fast melt away.
3. New online bill presentment and payment functionality will not be very compelling
Javelin are magnanimous enough to recognize that some of the innovators technology is "impressive" but then fail to draw the conclusion that it will be valuable. Once again, we have to look at the value to both consumers and to merchants themselves and when this is done, the benefits are substantial. There is insufficient space in a short article such as this to list the range of features offered by many individual innovators technology companies but if we look at the more agile e-presentment and payment companies, the consumer has the ability to see full bill detail instantly, 365 days of the year and 7 days a week, pay by almost any method (including cash remittance) can calendarise payments and set up automatic debits, can receive customized alerts, and track all bills (which they can progressive see from multiple merchants in one place under one login and password). And for the merchant, bills or invoices can be securely sent immediately they are ready in digital form (which cuts down delivery time and lost or undelivered problems), increased payment options are offered to consumers and accelerated cash-flow is created (as consumers on average pay earlier with an online transaction). This is not to mention the call-centre and reconciliation cost savings mentioned above. Even these few features are worth huge amounts of time and money for consumers and merchants and are therefore anything but trivial.
4. There is too much competition amongst these small innovators making substantial profit making unlikely
Much of the payments industry see so-called "innovators" as either non-bank businesses trying to get into the payment space (like accounting software companies) or businesses that are supplying online billing software of some kind (which will always face a high integration hurdle). What they miss is the few companies that are neither of these-truly focused e-commerce, billing or payments companies that are mainly offering a cloud-based or hosted solution. Apart from a large company like PayPal who are trying to offer this kind of service in this sphere (and they have the financial muscle to be highly disruptive without facing much in the way of competition), most companies that are competing here are relatively small at the moment and there are not that many of them. This means that there is a chance to offer quite a differentiated service in particular geographies and within certain market verticals. In addition, there is potential for one or two of these to emerge as a market leader very quickly (most likely in the next 12-24 months) and create a "sea-change" in attitudes and behavior at all levels.
As if the counter-arguments to Javelin's conclusions above are not enough to convince us that a big change is coming soon, there are many other compelling benefits that are available right now that will mean the innovative cloud-based bill presentment and payment company will make large inroads into this very large market. This includes the immediate availability of an e-commerce version of bill pay on any merchant web site that wants it, the scope to offer the same service for B2B transactions (and not just B2C which is often the only focus if research in this area). In addition, the ability of the innovator to now offer secure document delivery is not just a more convenient storage option (for consumer and merchants) but means that all online payment related documents like credit card statements and payment confirmations and notices can all go online and be delivered at a fraction of their current cost. Last but not least, all of this technology is available in the mobile sphere too, meaning that merchants can render electronic bills on a smart phone or tablet computer anywhere they have a connection and consumers can pay them on the same devices wherever they are (any place and at any time).
In conclusion, the world of bill presentment and payment has changed little for more than 50 years. The innovators are going to change this world dramatically and the time for this to happen is now.
This article was written by Dr Jon Warner of Payswyft (at http://www.PaySwyft.com ). Jon has extensive senior executive experience and has led organizations in a variety of industries through significant transitions to achieve bottom-line results. He is an expert in developing and implementing strategies in operations, marketing, sales, and corporate turnarounds. Jon is currently CEO of PaySwyft in the UK (an innovative on-line billing and payment business) and Chairman of WCOD (a management consulting and publishing business). He can be reached at jon.warner@payswyft.com.
Let's start with a few quotes from the report:
"A number of innovative companies are seeking to overhaul and streamline the chore of paying bills with services that potentially could steal market share from the dominant models of paying bills at Financial Institutions (FI)s or directly at biller sites. Success for the upstarts will not come easily or soon, however. These innovators not only are competing against one another in a crowded field with piecemeal offerings, their survival will depend on changing entrenched consumer habits for paying bills at FIs, at biller sites, and by mail."
"Billpay innovators have the potential - at least on paper - to offer a package that combines or exceeds the strengths of FI bill pay and the biller direct model. Those strengths include the ability to view and pay all bills in one place, oversee all account balances in one place, pay from any account at any FI, and file away documents from all sources."
BillPay Innovators lack the necessary four-part combo: money management, billpay capabilities, archives, and mobile access. To convince consumers that they are a compelling billpay alternative, innovators must offer a package that combines the control of money management, the practicality of bill pay, access and control via mobile devices, and the convenience and security of electronic archives."
In summary then, Javelin concludes that independent online billing companies may have a possibly disruptive influence in the future, but it's not yet happened, it will take a long time, the impact will be small, consumer habits will be difficult to change, the new functionality that will be available is not that compelling and there is a lot of competition rendering the effort relatively unprofitable. In other words, this is not a very positive outlook. Unfortunately, this overall conclusion is based on faulty assumptions leading to spurious and incorrect forecasts and in this article we will briefly suggest why this is the case and take each of these four overall objections one by one.
1. The market penetration of a well-run cloud-based online billing business will take a long time and the impact will be small.
The argument here is that Bank Bill Pay and "Biller direct" has already "locked up" much of the market and the small innovative online billing companies now have only the "crumbs from the rich guy's table". This assumes that both merchants and consumers are happy with these two currently available options. For a start only the largest billers typically have an online presentment and payment solution and even it may be slow and not easy to navigate (and creates a different user experience for the consumer for every merchant that has such a site). On the Bank/FI side, online bill payment is offered but presentment is either not available at all in most cases or is only at summary single line level (so the consumer can't view a full digital bill). The consumer may also only be able to pay bills for large merchants and only from their checking account. Both of these parts of the market are therefore only "technology interludes". They will be quickly swept away by a full and integrated digital portal-based technology and this is available from several of the innovators right now.
2. Consumer habits will be difficult to change
It is true that consumer behavior is hard to change but it is not impossible. Look at the significant shift to internet banking in the last decade (which is what has mainly driven online bank bill pay in recent times). However, more significantly the pain is not essentially on the consumer side in the bill presentment and payment area-it is on the merchant side of the equation. Merchant pain here is considerable and long standing. Many merchants have been sending out paper-bills for decades and collecting payment by offline means (like cheque and cash) for as long. Even where they can take credit and debit cards they need to have a response team or call-centre, which is costly. But perhaps most significant (and this envelopes even those merchants that have switched to emailed invoices), the big merchant challenge is reconciliation, most of which is done manually and may require two, three or even four sets of data-keying. Online billing reduces this task to almost zero time and therefore on-going cost. And with a sophisticated cloud-based online billing and payment solution it also means no up-front capital cost and the avoidance of the months of time it may take to integrate with the local accounting software being used. This is a very big win for merchants and allows them to offer incentives to customers to switch to online payment or face extra costs if they do not. From a consumer perspective this not only quickly changes the thinking but if the online solution allows them to also get a bill on the phone as a text message, as an email or they can still print it if they wish, the resistance is likely to fast melt away.
3. New online bill presentment and payment functionality will not be very compelling
Javelin are magnanimous enough to recognize that some of the innovators technology is "impressive" but then fail to draw the conclusion that it will be valuable. Once again, we have to look at the value to both consumers and to merchants themselves and when this is done, the benefits are substantial. There is insufficient space in a short article such as this to list the range of features offered by many individual innovators technology companies but if we look at the more agile e-presentment and payment companies, the consumer has the ability to see full bill detail instantly, 365 days of the year and 7 days a week, pay by almost any method (including cash remittance) can calendarise payments and set up automatic debits, can receive customized alerts, and track all bills (which they can progressive see from multiple merchants in one place under one login and password). And for the merchant, bills or invoices can be securely sent immediately they are ready in digital form (which cuts down delivery time and lost or undelivered problems), increased payment options are offered to consumers and accelerated cash-flow is created (as consumers on average pay earlier with an online transaction). This is not to mention the call-centre and reconciliation cost savings mentioned above. Even these few features are worth huge amounts of time and money for consumers and merchants and are therefore anything but trivial.
4. There is too much competition amongst these small innovators making substantial profit making unlikely
Much of the payments industry see so-called "innovators" as either non-bank businesses trying to get into the payment space (like accounting software companies) or businesses that are supplying online billing software of some kind (which will always face a high integration hurdle). What they miss is the few companies that are neither of these-truly focused e-commerce, billing or payments companies that are mainly offering a cloud-based or hosted solution. Apart from a large company like PayPal who are trying to offer this kind of service in this sphere (and they have the financial muscle to be highly disruptive without facing much in the way of competition), most companies that are competing here are relatively small at the moment and there are not that many of them. This means that there is a chance to offer quite a differentiated service in particular geographies and within certain market verticals. In addition, there is potential for one or two of these to emerge as a market leader very quickly (most likely in the next 12-24 months) and create a "sea-change" in attitudes and behavior at all levels.
As if the counter-arguments to Javelin's conclusions above are not enough to convince us that a big change is coming soon, there are many other compelling benefits that are available right now that will mean the innovative cloud-based bill presentment and payment company will make large inroads into this very large market. This includes the immediate availability of an e-commerce version of bill pay on any merchant web site that wants it, the scope to offer the same service for B2B transactions (and not just B2C which is often the only focus if research in this area). In addition, the ability of the innovator to now offer secure document delivery is not just a more convenient storage option (for consumer and merchants) but means that all online payment related documents like credit card statements and payment confirmations and notices can all go online and be delivered at a fraction of their current cost. Last but not least, all of this technology is available in the mobile sphere too, meaning that merchants can render electronic bills on a smart phone or tablet computer anywhere they have a connection and consumers can pay them on the same devices wherever they are (any place and at any time).
In conclusion, the world of bill presentment and payment has changed little for more than 50 years. The innovators are going to change this world dramatically and the time for this to happen is now.
This article was written by Dr Jon Warner of Payswyft (at http://www.PaySwyft.com ). Jon has extensive senior executive experience and has led organizations in a variety of industries through significant transitions to achieve bottom-line results. He is an expert in developing and implementing strategies in operations, marketing, sales, and corporate turnarounds. Jon is currently CEO of PaySwyft in the UK (an innovative on-line billing and payment business) and Chairman of WCOD (a management consulting and publishing business). He can be reached at jon.warner@payswyft.com.
Saving Money: Budgeting and Discipline
There are a lot of people who are having problems when it comes to saving money. Whether you earn a lot or just right it is not the amount that you have in hand that makes you rich, it is your attitude towards it and how you handle it. Some people wonder why in spite of the same salary they receive from work, some of their officemates are able to save and spend money more than they do. So here are some reasons why and tips on how you should save up.
Like I said awhile ago, it's not the amount of money that's important it's your attitude towards it. So when you receive your paycheck or you have your profit in hand. It is important that you allocate your money first before you start spending. Separate the money that will be used for basic expenses, food, clothing etc. and don't forget to keep even just a percent of your earnings as your savings.
When it comes to shopping, don't be carried away by fancy advertisements and trends. Buy only what you need, if you want to buy a want, make sure that your budget won't be compromised in the end. Today, there are many banks and shopping malls that have a pointing system that when you earn as much you can turn it into cash. Try joining these promos and take advantage of the amount of money that you can save with these.
When at work, it wouldn't hurt if you bring your own lunch it would surely save you a lot and you will be able to enjoy home made food without hassle. Also, avoid frequent expensive coffees so that you can lessen your expense. There are a lot of freebies around the office; you might as well utilize them.
Another thing is the unexpected expenses and gimmicks. Most of the time, your money is being cut short because of unexpected things. Sometimes you are carried away with a situation and are caught off guard and usually these are the expenses that cut way short of your money. So when you're out there with friends or just on a casual day, it's advisable that you only bring what's expected for the day so you wouldn't be victimized by the situation. And most of all don't ever spend money that you still do not have because you are never sure of what will happen next and your debt could get out of hand if you do this all the time.
So remember, it is not the amount of money that you earn that will help you save money but it's your attitude towards spending it. Know how to manage them and where to keep them because your security is what's at stake here.
Know more about saving and investments, see this page.
Like I said awhile ago, it's not the amount of money that's important it's your attitude towards it. So when you receive your paycheck or you have your profit in hand. It is important that you allocate your money first before you start spending. Separate the money that will be used for basic expenses, food, clothing etc. and don't forget to keep even just a percent of your earnings as your savings.
When it comes to shopping, don't be carried away by fancy advertisements and trends. Buy only what you need, if you want to buy a want, make sure that your budget won't be compromised in the end. Today, there are many banks and shopping malls that have a pointing system that when you earn as much you can turn it into cash. Try joining these promos and take advantage of the amount of money that you can save with these.
When at work, it wouldn't hurt if you bring your own lunch it would surely save you a lot and you will be able to enjoy home made food without hassle. Also, avoid frequent expensive coffees so that you can lessen your expense. There are a lot of freebies around the office; you might as well utilize them.
Another thing is the unexpected expenses and gimmicks. Most of the time, your money is being cut short because of unexpected things. Sometimes you are carried away with a situation and are caught off guard and usually these are the expenses that cut way short of your money. So when you're out there with friends or just on a casual day, it's advisable that you only bring what's expected for the day so you wouldn't be victimized by the situation. And most of all don't ever spend money that you still do not have because you are never sure of what will happen next and your debt could get out of hand if you do this all the time.
So remember, it is not the amount of money that you earn that will help you save money but it's your attitude towards spending it. Know how to manage them and where to keep them because your security is what's at stake here.
Know more about saving and investments, see this page.
Tips On Handling Your Debt
Most people today seem to be living on credit permanently. The trick is learning to curb your 'I want it now' impulse and learn how to put your money to work for you. Now is as good a time as any to start spending carefully, saving what you can, and learning to invest wisely.
Every single person who earns a stable income, and doesn't fall prey to any terrible misfortunes, should be able to build a sizeable nest egg for himself or herself with a little self discipline.
The trick is to delay gratification when it comes to spending. Ask yourself what the real cost of an impulse purchase will be. Think of what it will cost you today and also tomorrow. One of the worst reasons for over spending is because you want to compete with somebody. Always trying to have better things than the next person can turn into a disease and severely hamper your financial stability. People guilty of doing this will normally over spend and then borrow more and more money, putting themselves into serious debt.
Avoid the debt-trap at all costs, because once you are servicing your debts by borrowing money from elsewhere, it is extremely difficult to get out of.
It is never too early to start saving. Even as little as 5% of your income will add up to a lot of money over time. This is the magic of compound interest. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on. A good way to save is to sign a debit order. In this way you can write off your debit orders each month and budget around what is left afterwards. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on.
Here are some things you need to watch out for.
Make sure that your debt repayments don't exceed 40% of your take home pay. If they gets as high as 50%, then you know that you are in serious trouble.
If your vehicle is not insured, then you are at risk. If you don't have a will, make one fast.
Resist all offers for finance, as this is the fastest way to get in the red.
If purchasing a vehicle, make sure the repayments are not higher than 17% of your salary.
With just a little will power and some savvy saving, you will be living the retirement of your dreams.
For more Money tips, click here.
Every single person who earns a stable income, and doesn't fall prey to any terrible misfortunes, should be able to build a sizeable nest egg for himself or herself with a little self discipline.
The trick is to delay gratification when it comes to spending. Ask yourself what the real cost of an impulse purchase will be. Think of what it will cost you today and also tomorrow. One of the worst reasons for over spending is because you want to compete with somebody. Always trying to have better things than the next person can turn into a disease and severely hamper your financial stability. People guilty of doing this will normally over spend and then borrow more and more money, putting themselves into serious debt.
Avoid the debt-trap at all costs, because once you are servicing your debts by borrowing money from elsewhere, it is extremely difficult to get out of.
It is never too early to start saving. Even as little as 5% of your income will add up to a lot of money over time. This is the magic of compound interest. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on. A good way to save is to sign a debit order. In this way you can write off your debit orders each month and budget around what is left afterwards. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on.
Here are some things you need to watch out for.
Make sure that your debt repayments don't exceed 40% of your take home pay. If they gets as high as 50%, then you know that you are in serious trouble.
If your vehicle is not insured, then you are at risk. If you don't have a will, make one fast.
Resist all offers for finance, as this is the fastest way to get in the red.
If purchasing a vehicle, make sure the repayments are not higher than 17% of your salary.
With just a little will power and some savvy saving, you will be living the retirement of your dreams.
For more Money tips, click here.
Simple Budgeting Advice to Help With Advanced Budgeting
Budgeting is the most important aspect of one's financial life. If you want to gain control over your financial life, you have to make sure that you are using a budget. Sometimes, people try budgeting but they cannot get any advantages from it. The problem in such situations is improper budgeting and not the principle of using budget to control the finance. If you know how to make a budget, you will probably know what mistakes you have been making. If your budgeting failed on more than one occasions, then you do not know enough about making a smart budget.
In order to start making a budget, you have to make sure that you understand different categories of personal finance. Anyone who knows these categories, will be able to allocate right amount of money to each expense making sure that things are on their due course. You will not suffer from budgeting problems once you start making your budget according to different categories of personal finance.
Personal finance can be divided into four different categories. These categories can have different names but they will essentially represent the same areas of personal finance. Here are these categories.
1) Expenses
2) Giving
3) Investing
4) Reserves
Now the first thing to learn about these finance categories is to allocate your income to each of them according to its priority. The priority may be different for everyone since someone would want to create an emergency fund with reserves before creating funds for investing. Whatever you prefer, add funds to that category first and then go back to the rest of the categories.
Most of the times, you will have the order as follows
1) Giving
2) Investing
3) Savings
4) Personal expenses
This order can be useful especially when you are not sure about your financial freedom. Using this priority list, you will be able to curtail your personal expenses and increase investing as well as savings. After few months, you will notice that you are going in the right direction with this set of priorities.
Some people allocate funds to expenses before sending it to savings, investing and giving. This can be a problem since prioritizing expenses may result in not having enough money for savings or investing. Therefore, if you do not want to be in this situation, try to set your priority list carefully. Once you set these personal finance categories right, you will not have any problem controlling your budget.
If you fall short of cash, do not use your credit card extensively to stay within your budget. However, you can use easy payday loans to get quick cash.
UK Online Payday Loans is the best payday loan company. You will find best rates and terms with us when you need to get a payday loan.
In order to start making a budget, you have to make sure that you understand different categories of personal finance. Anyone who knows these categories, will be able to allocate right amount of money to each expense making sure that things are on their due course. You will not suffer from budgeting problems once you start making your budget according to different categories of personal finance.
Personal finance can be divided into four different categories. These categories can have different names but they will essentially represent the same areas of personal finance. Here are these categories.
1) Expenses
2) Giving
3) Investing
4) Reserves
Now the first thing to learn about these finance categories is to allocate your income to each of them according to its priority. The priority may be different for everyone since someone would want to create an emergency fund with reserves before creating funds for investing. Whatever you prefer, add funds to that category first and then go back to the rest of the categories.
Most of the times, you will have the order as follows
1) Giving
2) Investing
3) Savings
4) Personal expenses
This order can be useful especially when you are not sure about your financial freedom. Using this priority list, you will be able to curtail your personal expenses and increase investing as well as savings. After few months, you will notice that you are going in the right direction with this set of priorities.
Some people allocate funds to expenses before sending it to savings, investing and giving. This can be a problem since prioritizing expenses may result in not having enough money for savings or investing. Therefore, if you do not want to be in this situation, try to set your priority list carefully. Once you set these personal finance categories right, you will not have any problem controlling your budget.
If you fall short of cash, do not use your credit card extensively to stay within your budget. However, you can use easy payday loans to get quick cash.
UK Online Payday Loans is the best payday loan company. You will find best rates and terms with us when you need to get a payday loan.
Innovation in On-Line Billing
Last month the Javelin E-commerce research company released its annual report on who they see to be the "innovators" in the on-line Billing space (at least as it relates to US experience). These are many of the companies that are not the Billers themselves (or merchants with the facility to render a bill directly at their own web site and to readily accept online payment at the same site) and the Banks and/or Credit Unions (or what Javelin calls FI's) who offer an online BillPay service to their customers.
Let's start with a few quotes from the report:
"A number of innovative companies are seeking to overhaul and streamline the chore of paying bills with services that potentially could steal market share from the dominant models of paying bills at Financial Institutions (FI)s or directly at biller sites. Success for the upstarts will not come easily or soon, however. These innovators not only are competing against one another in a crowded field with piecemeal offerings, their survival will depend on changing entrenched consumer habits for paying bills at FIs, at biller sites, and by mail."
"Billpay innovators have the potential - at least on paper - to offer a package that combines or exceeds the strengths of FI bill pay and the biller direct model. Those strengths include the ability to view and pay all bills in one place, oversee all account balances in one place, pay from any account at any FI, and file away documents from all sources."
BillPay Innovators lack the necessary four-part combo: money management, billpay capabilities, archives, and mobile access. To convince consumers that they are a compelling billpay alternative, innovators must offer a package that combines the control of money management, the practicality of bill pay, access and control via mobile devices, and the convenience and security of electronic archives."
In summary then, Javelin concludes that independent online billing companies may have a possibly disruptive influence in the future, but it's not yet happened, it will take a long time, the impact will be small, consumer habits will be difficult to change, the new functionality that will be available is not that compelling and there is a lot of competition rendering the effort relatively unprofitable. In other words, this is not a very positive outlook. Unfortunately, this overall conclusion is based on faulty assumptions leading to spurious and incorrect forecasts and in this article we will briefly suggest why this is the case and take each of these four overall objections one by one.
1. The market penetration of a well-run cloud-based online billing business will take a long time and the impact will be small.
The argument here is that Bank Bill Pay and "Biller direct" has already "locked up" much of the market and the small innovative online billing companies now have only the "crumbs from the rich guy's table". This assumes that both merchants and consumers are happy with these two currently available options. For a start only the largest billers typically have an online presentment and payment solution and even it may be slow and not easy to navigate (and creates a different user experience for the consumer for every merchant that has such a site). On the Bank/FI side, online bill payment is offered but presentment is either not available at all in most cases or is only at summary single line level (so the consumer can't view a full digital bill). The consumer may also only be able to pay bills for large merchants and only from their checking account. Both of these parts of the market are therefore only "technology interludes". They will be quickly swept away by a full and integrated digital portal-based technology and this is available from several of the innovators right now.
2. Consumer habits will be difficult to change
It is true that consumer behavior is hard to change but it is not impossible. Look at the significant shift to internet banking in the last decade (which is what has mainly driven online bank bill pay in recent times). However, more significantly the pain is not essentially on the consumer side in the bill presentment and payment area-it is on the merchant side of the equation. Merchant pain here is considerable and long standing. Many merchants have been sending out paper-bills for decades and collecting payment by offline means (like cheque and cash) for as long. Even where they can take credit and debit cards they need to have a response team or call-centre, which is costly. But perhaps most significant (and this envelopes even those merchants that have switched to emailed invoices), the big merchant challenge is reconciliation, most of which is done manually and may require two, three or even four sets of data-keying. Online billing reduces this task to almost zero time and therefore on-going cost. And with a sophisticated cloud-based online billing and payment solution it also means no up-front capital cost and the avoidance of the months of time it may take to integrate with the local accounting software being used. This is a very big win for merchants and allows them to offer incentives to customers to switch to online payment or face extra costs if they do not. From a consumer perspective this not only quickly changes the thinking but if the online solution allows them to also get a bill on the phone as a text message, as an email or they can still print it if they wish, the resistance is likely to fast melt away.
3. New online bill presentment and payment functionality will not be very compelling
Javelin are magnanimous enough to recognize that some of the innovators technology is "impressive" but then fail to draw the conclusion that it will be valuable. Once again, we have to look at the value to both consumers and to merchants themselves and when this is done, the benefits are substantial. There is insufficient space in a short article such as this to list the range of features offered by many individual innovators technology companies but if we look at the more agile e-presentment and payment companies, the consumer has the ability to see full bill detail instantly, 365 days of the year and 7 days a week, pay by almost any method (including cash remittance) can calendarise payments and set up automatic debits, can receive customized alerts, and track all bills (which they can progressive see from multiple merchants in one place under one login and password). And for the merchant, bills or invoices can be securely sent immediately they are ready in digital form (which cuts down delivery time and lost or undelivered problems), increased payment options are offered to consumers and accelerated cash-flow is created (as consumers on average pay earlier with an online transaction). This is not to mention the call-centre and reconciliation cost savings mentioned above. Even these few features are worth huge amounts of time and money for consumers and merchants and are therefore anything but trivial.
4. There is too much competition amongst these small innovators making substantial profit making unlikely
Much of the payments industry see so-called "innovators" as either non-bank businesses trying to get into the payment space (like accounting software companies) or businesses that are supplying online billing software of some kind (which will always face a high integration hurdle). What they miss is the few companies that are neither of these-truly focused e-commerce, billing or payments companies that are mainly offering a cloud-based or hosted solution. Apart from a large company like PayPal who are trying to offer this kind of service in this sphere (and they have the financial muscle to be highly disruptive without facing much in the way of competition), most companies that are competing here are relatively small at the moment and there are not that many of them. This means that there is a chance to offer quite a differentiated service in particular geographies and within certain market verticals. In addition, there is potential for one or two of these to emerge as a market leader very quickly (most likely in the next 12-24 months) and create a "sea-change" in attitudes and behavior at all levels.
As if the counter-arguments to Javelin's conclusions above are not enough to convince us that a big change is coming soon, there are many other compelling benefits that are available right now that will mean the innovative cloud-based bill presentment and payment company will make large inroads into this very large market. This includes the immediate availability of an e-commerce version of bill pay on any merchant web site that wants it, the scope to offer the same service for B2B transactions (and not just B2C which is often the only focus if research in this area). In addition, the ability of the innovator to now offer secure document delivery is not just a more convenient storage option (for consumer and merchants) but means that all online payment related documents like credit card statements and payment confirmations and notices can all go online and be delivered at a fraction of their current cost. Last but not least, all of this technology is available in the mobile sphere too, meaning that merchants can render electronic bills on a smart phone or tablet computer anywhere they have a connection and consumers can pay them on the same devices wherever they are (any place and at any time).
In conclusion, the world of bill presentment and payment has changed little for more than 50 years. The innovators are going to change this world dramatically and the time for this to happen is now.
This article was written by Dr Jon Warner of Payswyft (at http://www.PaySwyft.com ). Jon has extensive senior executive experience and has led organizations in a variety of industries through significant transitions to achieve bottom-line results. He is an expert in developing and implementing strategies in operations, marketing, sales, and corporate turnarounds. Jon is currently CEO of PaySwyft in the UK (an innovative on-line billing and payment business) and Chairman of WCOD (a management consulting and publishing business). He can be reached at jon.warner@payswyft.com.
Let's start with a few quotes from the report:
"A number of innovative companies are seeking to overhaul and streamline the chore of paying bills with services that potentially could steal market share from the dominant models of paying bills at Financial Institutions (FI)s or directly at biller sites. Success for the upstarts will not come easily or soon, however. These innovators not only are competing against one another in a crowded field with piecemeal offerings, their survival will depend on changing entrenched consumer habits for paying bills at FIs, at biller sites, and by mail."
"Billpay innovators have the potential - at least on paper - to offer a package that combines or exceeds the strengths of FI bill pay and the biller direct model. Those strengths include the ability to view and pay all bills in one place, oversee all account balances in one place, pay from any account at any FI, and file away documents from all sources."
BillPay Innovators lack the necessary four-part combo: money management, billpay capabilities, archives, and mobile access. To convince consumers that they are a compelling billpay alternative, innovators must offer a package that combines the control of money management, the practicality of bill pay, access and control via mobile devices, and the convenience and security of electronic archives."
In summary then, Javelin concludes that independent online billing companies may have a possibly disruptive influence in the future, but it's not yet happened, it will take a long time, the impact will be small, consumer habits will be difficult to change, the new functionality that will be available is not that compelling and there is a lot of competition rendering the effort relatively unprofitable. In other words, this is not a very positive outlook. Unfortunately, this overall conclusion is based on faulty assumptions leading to spurious and incorrect forecasts and in this article we will briefly suggest why this is the case and take each of these four overall objections one by one.
1. The market penetration of a well-run cloud-based online billing business will take a long time and the impact will be small.
The argument here is that Bank Bill Pay and "Biller direct" has already "locked up" much of the market and the small innovative online billing companies now have only the "crumbs from the rich guy's table". This assumes that both merchants and consumers are happy with these two currently available options. For a start only the largest billers typically have an online presentment and payment solution and even it may be slow and not easy to navigate (and creates a different user experience for the consumer for every merchant that has such a site). On the Bank/FI side, online bill payment is offered but presentment is either not available at all in most cases or is only at summary single line level (so the consumer can't view a full digital bill). The consumer may also only be able to pay bills for large merchants and only from their checking account. Both of these parts of the market are therefore only "technology interludes". They will be quickly swept away by a full and integrated digital portal-based technology and this is available from several of the innovators right now.
2. Consumer habits will be difficult to change
It is true that consumer behavior is hard to change but it is not impossible. Look at the significant shift to internet banking in the last decade (which is what has mainly driven online bank bill pay in recent times). However, more significantly the pain is not essentially on the consumer side in the bill presentment and payment area-it is on the merchant side of the equation. Merchant pain here is considerable and long standing. Many merchants have been sending out paper-bills for decades and collecting payment by offline means (like cheque and cash) for as long. Even where they can take credit and debit cards they need to have a response team or call-centre, which is costly. But perhaps most significant (and this envelopes even those merchants that have switched to emailed invoices), the big merchant challenge is reconciliation, most of which is done manually and may require two, three or even four sets of data-keying. Online billing reduces this task to almost zero time and therefore on-going cost. And with a sophisticated cloud-based online billing and payment solution it also means no up-front capital cost and the avoidance of the months of time it may take to integrate with the local accounting software being used. This is a very big win for merchants and allows them to offer incentives to customers to switch to online payment or face extra costs if they do not. From a consumer perspective this not only quickly changes the thinking but if the online solution allows them to also get a bill on the phone as a text message, as an email or they can still print it if they wish, the resistance is likely to fast melt away.
3. New online bill presentment and payment functionality will not be very compelling
Javelin are magnanimous enough to recognize that some of the innovators technology is "impressive" but then fail to draw the conclusion that it will be valuable. Once again, we have to look at the value to both consumers and to merchants themselves and when this is done, the benefits are substantial. There is insufficient space in a short article such as this to list the range of features offered by many individual innovators technology companies but if we look at the more agile e-presentment and payment companies, the consumer has the ability to see full bill detail instantly, 365 days of the year and 7 days a week, pay by almost any method (including cash remittance) can calendarise payments and set up automatic debits, can receive customized alerts, and track all bills (which they can progressive see from multiple merchants in one place under one login and password). And for the merchant, bills or invoices can be securely sent immediately they are ready in digital form (which cuts down delivery time and lost or undelivered problems), increased payment options are offered to consumers and accelerated cash-flow is created (as consumers on average pay earlier with an online transaction). This is not to mention the call-centre and reconciliation cost savings mentioned above. Even these few features are worth huge amounts of time and money for consumers and merchants and are therefore anything but trivial.
4. There is too much competition amongst these small innovators making substantial profit making unlikely
Much of the payments industry see so-called "innovators" as either non-bank businesses trying to get into the payment space (like accounting software companies) or businesses that are supplying online billing software of some kind (which will always face a high integration hurdle). What they miss is the few companies that are neither of these-truly focused e-commerce, billing or payments companies that are mainly offering a cloud-based or hosted solution. Apart from a large company like PayPal who are trying to offer this kind of service in this sphere (and they have the financial muscle to be highly disruptive without facing much in the way of competition), most companies that are competing here are relatively small at the moment and there are not that many of them. This means that there is a chance to offer quite a differentiated service in particular geographies and within certain market verticals. In addition, there is potential for one or two of these to emerge as a market leader very quickly (most likely in the next 12-24 months) and create a "sea-change" in attitudes and behavior at all levels.
As if the counter-arguments to Javelin's conclusions above are not enough to convince us that a big change is coming soon, there are many other compelling benefits that are available right now that will mean the innovative cloud-based bill presentment and payment company will make large inroads into this very large market. This includes the immediate availability of an e-commerce version of bill pay on any merchant web site that wants it, the scope to offer the same service for B2B transactions (and not just B2C which is often the only focus if research in this area). In addition, the ability of the innovator to now offer secure document delivery is not just a more convenient storage option (for consumer and merchants) but means that all online payment related documents like credit card statements and payment confirmations and notices can all go online and be delivered at a fraction of their current cost. Last but not least, all of this technology is available in the mobile sphere too, meaning that merchants can render electronic bills on a smart phone or tablet computer anywhere they have a connection and consumers can pay them on the same devices wherever they are (any place and at any time).
In conclusion, the world of bill presentment and payment has changed little for more than 50 years. The innovators are going to change this world dramatically and the time for this to happen is now.
This article was written by Dr Jon Warner of Payswyft (at http://www.PaySwyft.com ). Jon has extensive senior executive experience and has led organizations in a variety of industries through significant transitions to achieve bottom-line results. He is an expert in developing and implementing strategies in operations, marketing, sales, and corporate turnarounds. Jon is currently CEO of PaySwyft in the UK (an innovative on-line billing and payment business) and Chairman of WCOD (a management consulting and publishing business). He can be reached at jon.warner@payswyft.com.
Saving Money: Budgeting and Discipline
There are a lot of people who are having problems when it comes to saving money. Whether you earn a lot or just right it is not the amount that you have in hand that makes you rich, it is your attitude towards it and how you handle it. Some people wonder why in spite of the same salary they receive from work, some of their officemates are able to save and spend money more than they do. So here are some reasons why and tips on how you should save up.
Like I said awhile ago, it's not the amount of money that's important it's your attitude towards it. So when you receive your paycheck or you have your profit in hand. It is important that you allocate your money first before you start spending. Separate the money that will be used for basic expenses, food, clothing etc. and don't forget to keep even just a percent of your earnings as your savings.
When it comes to shopping, don't be carried away by fancy advertisements and trends. Buy only what you need, if you want to buy a want, make sure that your budget won't be compromised in the end. Today, there are many banks and shopping malls that have a pointing system that when you earn as much you can turn it into cash. Try joining these promos and take advantage of the amount of money that you can save with these.
When at work, it wouldn't hurt if you bring your own lunch it would surely save you a lot and you will be able to enjoy home made food without hassle. Also, avoid frequent expensive coffees so that you can lessen your expense. There are a lot of freebies around the office; you might as well utilize them.
Another thing is the unexpected expenses and gimmicks. Most of the time, your money is being cut short because of unexpected things. Sometimes you are carried away with a situation and are caught off guard and usually these are the expenses that cut way short of your money. So when you're out there with friends or just on a casual day, it's advisable that you only bring what's expected for the day so you wouldn't be victimized by the situation. And most of all don't ever spend money that you still do not have because you are never sure of what will happen next and your debt could get out of hand if you do this all the time.
So remember, it is not the amount of money that you earn that will help you save money but it's your attitude towards spending it. Know how to manage them and where to keep them because your security is what's at stake here.
Like I said awhile ago, it's not the amount of money that's important it's your attitude towards it. So when you receive your paycheck or you have your profit in hand. It is important that you allocate your money first before you start spending. Separate the money that will be used for basic expenses, food, clothing etc. and don't forget to keep even just a percent of your earnings as your savings.
When it comes to shopping, don't be carried away by fancy advertisements and trends. Buy only what you need, if you want to buy a want, make sure that your budget won't be compromised in the end. Today, there are many banks and shopping malls that have a pointing system that when you earn as much you can turn it into cash. Try joining these promos and take advantage of the amount of money that you can save with these.
When at work, it wouldn't hurt if you bring your own lunch it would surely save you a lot and you will be able to enjoy home made food without hassle. Also, avoid frequent expensive coffees so that you can lessen your expense. There are a lot of freebies around the office; you might as well utilize them.
Another thing is the unexpected expenses and gimmicks. Most of the time, your money is being cut short because of unexpected things. Sometimes you are carried away with a situation and are caught off guard and usually these are the expenses that cut way short of your money. So when you're out there with friends or just on a casual day, it's advisable that you only bring what's expected for the day so you wouldn't be victimized by the situation. And most of all don't ever spend money that you still do not have because you are never sure of what will happen next and your debt could get out of hand if you do this all the time.
So remember, it is not the amount of money that you earn that will help you save money but it's your attitude towards spending it. Know how to manage them and where to keep them because your security is what's at stake here.
Tips On Handling Your Debt
Most people today seem to be living on credit permanently. The trick is learning to curb your 'I want it now' impulse and learn how to put your money to work for you. Now is as good a time as any to start spending carefully, saving what you can, and learning to invest wisely.
Every single person who earns a stable income, and doesn't fall prey to any terrible misfortunes, should be able to build a sizeable nest egg for himself or herself with a little self discipline.
The trick is to delay gratification when it comes to spending. Ask yourself what the real cost of an impulse purchase will be. Think of what it will cost you today and also tomorrow. One of the worst reasons for over spending is because you want to compete with somebody. Always trying to have better things than the next person can turn into a disease and severely hamper your financial stability. People guilty of doing this will normally over spend and then borrow more and more money, putting themselves into serious debt.
Avoid the debt-trap at all costs, because once you are servicing your debts by borrowing money from elsewhere, it is extremely difficult to get out of.
It is never too early to start saving. Even as little as 5% of your income will add up to a lot of money over time. This is the magic of compound interest. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on. A good way to save is to sign a debit order. In this way you can write off your debit orders each month and budget around what is left afterwards. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on.
Here are some things you need to watch out for.
Make sure that your debt repayments don't exceed 40% of your take home pay. If they gets as high as 50%, then you know that you are in serious trouble.
If your vehicle is not insured, then you are at risk. If you don't have a will, make one fast.
Resist all offers for finance, as this is the fastest way to get in the red.
If purchasing a vehicle, make sure the repayments are not higher than 17% of your salary.
With just a little will power and some savvy saving, you will be living the retirement of your dreams.
Every single person who earns a stable income, and doesn't fall prey to any terrible misfortunes, should be able to build a sizeable nest egg for himself or herself with a little self discipline.
The trick is to delay gratification when it comes to spending. Ask yourself what the real cost of an impulse purchase will be. Think of what it will cost you today and also tomorrow. One of the worst reasons for over spending is because you want to compete with somebody. Always trying to have better things than the next person can turn into a disease and severely hamper your financial stability. People guilty of doing this will normally over spend and then borrow more and more money, putting themselves into serious debt.
Avoid the debt-trap at all costs, because once you are servicing your debts by borrowing money from elsewhere, it is extremely difficult to get out of.
It is never too early to start saving. Even as little as 5% of your income will add up to a lot of money over time. This is the magic of compound interest. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on. A good way to save is to sign a debit order. In this way you can write off your debit orders each month and budget around what is left afterwards. Saving is far better than borrowing and incurring debt and you can make sure that you are comfortable later on.
Here are some things you need to watch out for.
Make sure that your debt repayments don't exceed 40% of your take home pay. If they gets as high as 50%, then you know that you are in serious trouble.
If your vehicle is not insured, then you are at risk. If you don't have a will, make one fast.
Resist all offers for finance, as this is the fastest way to get in the red.
If purchasing a vehicle, make sure the repayments are not higher than 17% of your salary.
With just a little will power and some savvy saving, you will be living the retirement of your dreams.
Rent Test Equipment - Ten Advantages
Renting test equipment can offer its customers a number of distinct advantages when taking on new test equipment. Essential testing equipment is often expensive, delicate machinery, prone to rapid technological updates and long delivery delays. Below are ten reasons why leasing makes a lot of sense, especially during the current economic climate and if you are operating on a tight budget.
1) There is no need to pay the full cost up front and you can spread payments over the duration of the lease. This means there is no need to bankrupt the company or take out an expensive loan to acquire the facilities you need.
2) Leasing can give you access to more up to date equipment or a better spec of machine that you may normally have not been able to afford. You are still left with the option of then buying the test machine once your contract ends or move on to the next latest model.
3) Companies can pay over a longer, fixed period of time, which makes budgeting and financing of capital equipment a lot easier as you spread the cost instead of making a one off payment.
4) Financial control and monitoring are simpler as payments and interest rates are agreed from the start of the contract and are at a set monthly rate.
5) Payments can be negotiated over a longer period and better suited to your expected monthly income, thus saving you from extra financial pressures.
6) Lease rental agreements are deductible from taxable income, making even more financial sense.
7) The lease hire company is normally responsible for maintenance and is responsible for the repair of the equipment if it breaks down.
8) Lease companies who deal regularly with manufacturers are likely to be able to negotiate preferential deals and better discounts than smaller operators.
9) Renting or leasing is an excellent way of testing new equipment to see if it meets your requirement and a lot less expensive than buying it outright only to find it's not what you were looking for.
10) Upgrades and replacement equipment are obtained quicker when you have a leasing contract than waiting on delivery from manufacturers. Often to take delivery of the most recent model you simply have to make a small adjustment to your monthly payments with the new contract, rather than having to paying out a large lump sum in one go.
Alex has used test equipment for a variety of projects and after many discussions and calculations he believes that the way to go is test equipment hire.
1) There is no need to pay the full cost up front and you can spread payments over the duration of the lease. This means there is no need to bankrupt the company or take out an expensive loan to acquire the facilities you need.
2) Leasing can give you access to more up to date equipment or a better spec of machine that you may normally have not been able to afford. You are still left with the option of then buying the test machine once your contract ends or move on to the next latest model.
3) Companies can pay over a longer, fixed period of time, which makes budgeting and financing of capital equipment a lot easier as you spread the cost instead of making a one off payment.
4) Financial control and monitoring are simpler as payments and interest rates are agreed from the start of the contract and are at a set monthly rate.
5) Payments can be negotiated over a longer period and better suited to your expected monthly income, thus saving you from extra financial pressures.
6) Lease rental agreements are deductible from taxable income, making even more financial sense.
7) The lease hire company is normally responsible for maintenance and is responsible for the repair of the equipment if it breaks down.
8) Lease companies who deal regularly with manufacturers are likely to be able to negotiate preferential deals and better discounts than smaller operators.
9) Renting or leasing is an excellent way of testing new equipment to see if it meets your requirement and a lot less expensive than buying it outright only to find it's not what you were looking for.
10) Upgrades and replacement equipment are obtained quicker when you have a leasing contract than waiting on delivery from manufacturers. Often to take delivery of the most recent model you simply have to make a small adjustment to your monthly payments with the new contract, rather than having to paying out a large lump sum in one go.
Alex has used test equipment for a variety of projects and after many discussions and calculations he believes that the way to go is test equipment hire.
Financing a Car
Financing a car in your near future? Well we all finance a car at some point in our lives, but there are some things that you should know before you sign the loan papers. You will want to make sure that you understand the agreement before you decide to push the loan through. First, you should think about credit for a minute.
Do you have good credit? You may have to take out a loan with a large interest rate to get a loan because you are a risk if you have bad credit. Don't know what bad credit is, well it is a credit rating of 620 or less. You may be able to get a good loan if your rating is low based on the fact that you have less credit than most people. Having bad credit is a lot worse than having no credit, but you still are a risk and the rates may be higher. You should look around when it comes to financing a car; there are many ways of doing so.
First, you may want to shop online for your financial company. A good creditor will be more than willing to help you out. You should know the rates of the loan before you apply. The thing is, they most that you have to apply and the more you get rejected, the worse your credit looks. Most people don't know that, but if you get rejected for loan, it goes on your credit report. Of course, after a while, it will disappear, but still.
Secondly, you should know a lot about yourself before applying. You need to be at least 18, or have a co-signer, but most people under the age of 25 need a co-signer. You also need to earn a good amount of money and have very little bills if you are younger. If you are older, they like to ask about your disposable income, income after taxes. You need to have a solid employment history and to have a stable home.
They want to know that you'll have the money to pay them back and also that they can come find you at any time. Getting a loan through a creditor is just one step up from a loan shark. They may come to home bothering, the other difference is that they will take you to court for the money rather than beat the money out of you.
In addition, you will want to get approved before you go to the car dealer. You can always get a voucher, but if you do this, you won't end up disappointed. You will know exactly the amount that you can go with and you can look for a car in your exact price range. The only thing is that you have to include the fees and taxes so you will need to go below the loan amount. You may not have to place a down payment, but it does look better. You should at least put $500 dollars or even a thousand down. If you are willing to invest your own money in the car, the bank or creditor will be more than happy to fork out the other money.
To find great information which will help to buy your perfect car you have to go here http://www.guidetobuyingacar.com
Do you have good credit? You may have to take out a loan with a large interest rate to get a loan because you are a risk if you have bad credit. Don't know what bad credit is, well it is a credit rating of 620 or less. You may be able to get a good loan if your rating is low based on the fact that you have less credit than most people. Having bad credit is a lot worse than having no credit, but you still are a risk and the rates may be higher. You should look around when it comes to financing a car; there are many ways of doing so.
First, you may want to shop online for your financial company. A good creditor will be more than willing to help you out. You should know the rates of the loan before you apply. The thing is, they most that you have to apply and the more you get rejected, the worse your credit looks. Most people don't know that, but if you get rejected for loan, it goes on your credit report. Of course, after a while, it will disappear, but still.
Secondly, you should know a lot about yourself before applying. You need to be at least 18, or have a co-signer, but most people under the age of 25 need a co-signer. You also need to earn a good amount of money and have very little bills if you are younger. If you are older, they like to ask about your disposable income, income after taxes. You need to have a solid employment history and to have a stable home.
They want to know that you'll have the money to pay them back and also that they can come find you at any time. Getting a loan through a creditor is just one step up from a loan shark. They may come to home bothering, the other difference is that they will take you to court for the money rather than beat the money out of you.
In addition, you will want to get approved before you go to the car dealer. You can always get a voucher, but if you do this, you won't end up disappointed. You will know exactly the amount that you can go with and you can look for a car in your exact price range. The only thing is that you have to include the fees and taxes so you will need to go below the loan amount. You may not have to place a down payment, but it does look better. You should at least put $500 dollars or even a thousand down. If you are willing to invest your own money in the car, the bank or creditor will be more than happy to fork out the other money.
To find great information which will help to buy your perfect car you have to go here http://www.guidetobuyingacar.com
Subscribe to:
Posts (Atom)