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Monthly Archives: March 2017

Tricks Protect Money

Negotiate. Call your bank or mortgage company to find out what would happen if the business went under and what are your options. Develop a plan to protect yourself.

Diversify. Make sure your bank is FDIC insured. If not, move your money to a bank that is. If you have more than $100,000 in your bank, split the account into multiple accounts. Open additional accounts at others banks to keep the balance below $100,000.

Plan. Consider buying a safe for your home or apartment and keeping some money in your safe in the event your bank closes and you need to access money quickly.

Protect. Pay bills on time or before time. Don’t wait until the last minute to pay a bill because with this economy you never know what may happen and you increase the chance that you may be charged a late fee.

Deposit. Perform bank transactions early in the morning. This ensures your deposit will be applied the same day. Don’t wait until the last minute to make transactions, this increases the chance that your transaction may not be applied to your account the same day and may cause a check to bounce.

Make Money With Online Bank Accounts

There is very good money to be make with this program, provided you know how to master the AdSense program. If you wish, you can do a search online for Google AdSense information. To master it properly, you need to know about ad positioning, colours etc. So its advised that you study up on this so you can maximise the most out of your Google AdSense bank account.

Another form of income online that most online business people use is affiliate marketing. With affiliate marketing, you simply promote and recommend products and services to the market that these products and services based in. That is affiliate marketing in a nut shell. In order for you, the affiliate marketer to receive payment, there has to be a payment service put in place. For many affiliate marketers, there is a common website that they go to in order to find products and services to promote. This website is known as clickbank. Clickbank offers affiliates over 10,000 digital products to promote and sell online. It is very easy to join up. You simply create an account with Clickbank and once that is done you can then access the many products and services that are offered by clickbank in many different categories.

When you sign up for clickbank, you can easily get an affiliate link for any product you wish to promote. You can place the link wherever you wish, whether it is on your website, blog etc. When a visitor views your page and decides to click on your affiliate link in order to buy what you are offering, clickbank can trace your link and is aware that you have made a commission. This is recorded into your clickbank account and you receive a commission for your promoting efforts. Its that simple really!

One final way to make money with an online bank account is perhaps via pay-pal. Lets say you are selling an ebook or some physical product and someone online wishes to buy your product. You can setup a pay-pal bank account so that you can take orders from customers that are interested in buying your product. This is a great way to do business online. Pay-pal is a very reputable company and it is used by many people that do business around the world! Unlike clickbank, where you have to wait a couple of weeks in order to receive payments. With pay-pal you can instantly receive the cash sum amount. So you never have problems with cashflow.

Private Money Cash Outs

1. Disclosure – you must disclose to your private investor where their funds are being placed.This is just a good business practice and required if you want to earn a reputation that will net you seven figures (or more) in private money sums

2. Banks aren’t loaning their hard earned money – they are loaning money created out of thin air by the “money multiplier” effect of fractional deposits (part of Federal Reserve banking), they are loaning shareholder money and they are loaning depositor money. The banks lending decision would be a lot different if their loan approval committee members were loaning their own funds instead of somebody else’s. You cannot think of your private investor and the bank in the same context. One is an institution, the other a person.

Downside protection. Going back to our example, lets say that you weren’t able to sell the house for $180,000. Maybe the appraisal gods didn’t like the house. Who knows.

So you have to sell the house for $160,000. Well, that’s still not bad. $20k profit after paying back the lender. But, we forgot about…ancillary costs of ownership. Holding costs, taxes, etc. It’s never a good idea to run your investment properties close to the “red line.” There is an entire graveyard of investors who over-borrowed with private investor money who are now driving semi-trucks and wondering what hit them.

Raise as much private money as you need (which includes a cushion) but no more than a project can reasonably handle. Better to take that extra $20k and invest it in another property.

Quick Money Cash Flow System

In business management circles, it defines a process where you set up the systems, or the fruit bowl, and then let the people, or the fruit itself, do whatever they will within the boundaries of the fruit bowl. You leave the people alone, and when change is required within the business, you simply work on changing the bowl, not the fruit.

For a successful Internet business, that same principle should be applied. You set up the systems, or in other words the automation of the business, like websites, auto-responders, FAQ’s, etc, then let your customers and even staff members if required, work within the boundaries of that system. And as stated, your only job then is to tweak the systems to a level where you are happy with the income it is providing for you. You can then walk away from it and let it run itself.

You don’t want to be tied to your business. Your goal in starting any business should be to set up the cash flow systems, and the ultimate litmus test of the success of this process should be that you can go on holidays for 3-4 weeks, and come back and the business is making more money, and turning over more sales than before you left it.

Now I know most people know this intuitively, or they have a goal of reaching this level in their business, or god forbid, they actually went into business for themselves because they needed a job, and therefore have to keep on working at it. However, few know how to implement the correct strategies tools to get to this level. And you’d be surprised at how easy the Internet really has made this.

For example, take the humble autoresponder. Here’s a piece of software that basically sends out emails to your businesses prospects on a regular basis until they purchase. Then you can set it up to then send out another after sales series to keep the clients informed, or even to sell them on an additional product or service your business provides. The possibilities are endless. You could even send out a whole education package via email, one subject at a time, over a period of time to your clients.

Have you had to write each email and send them? Yes, ONCE! Then the software takes over. As soon as someone expresses interest in your product/service, the autoresponder takes over and gives them your words until they buy. Every Internet marketer out there knows about this, but many don’t use it to its full potential. I’m just including it here as an example of one of the many ways to automate your online business and set up the fruit bowl so you can have more free time to enjoy the cash flow.

Other examples of business automation and ‘fruit bowls’ are online credit card processing systems, the humble sales page website itself, and on a simple level a Frequently Asked Questions page. Anything that is set and forget in its nature and where no input is required from you will help you enjoy your business rather than you being tied to it.