Kids Making Money Regardless Of Their Age!

The myth that kids cannot make money has been broken. Kids are also keen to earn a little extra spending cash for their personal needs. Nowadays parents are also motivating their kids to indulge themselves in these activities which are entertaining as well as a way to earn. Here are some of the ways that kids can use to earn some extra money:

  1. Painting- If your kid is creative, painting is a good way to earn. There are many painting competition organized by committees who offer prize money to the winner. Kids can have fun and earn. They can also transform their hobby to a profession.
  2. Selling baked goods- Kids who love to cook can learn making baked goods such as cookies, brownies and cakes etc. This will help them to have fun and make money.  The can offer their goods in parks, social clubs etc.
  3. Washing cars- Kids really enjoy washing cars. They can charge few bucks to wash car of other persons.
  4. Internet marketing- There are some children who spend most of their time on internet. They might as well make money from there also. They can perform affiliate marketing, selling online games, article writing and online survey form filling etc. Websites pay commission for all these tasks. This is an easy way for kids to earn some extra cash while sitting at home.
  5. Dog walking service / Dog washing- Many people especially the working class does not have enough time to take their pets on walk. Kids can provide this service to them by charging a small fee.  The same goes for washing pets as walking them.  Just do some local advertising in supermarkets or local papers to find your customers.

The most important thing before starting any business is to talk to your parents about your desire. Ask your parents for help and organizing small activities. Finding a business your child can run allows them to earn their own money. This allows them to buy things like toys, video games, candy etc.

Strategy Based Profits TIP: – By helping kids to start their own business they will start understanding the value and power of money.

Robert J. Roy
Money Man

Internet Marketing, The Best Way To Make Money On The Internet

All over the United States and around the world people are still struggling with the economic crisis. People are facing layoffs, cost cutting, credit card debt, companies shutting their doors and the list goes on and on. When the world was facing the credit crunch, for the most part internet marketing was still unaffected. In fact people were on the lookout for new trends that would still be profitable in the bad times. Even now people are adopting internet marketing as full time profession by quitting their current jobs. The trend is so popular that almost every single city of the world is related to it directly or indirectly.

It’s good for an individual to own an online store. Having an online store involves setting up a web presence and offering your items for sale. One of the most important things to consider is what items you will offer in your store?  There are so many categories to choose from, where do you start?  Start by doing some research on the internet.  Find what items are selling online.  Look for some niche sites in the arena that you are considering.

If you are looking for cutting boards go and search what is available online now.  Look over the websites design, what items they are selling, what they are selling for, etc.  Your research should take you to at least 20 websites for our research.  Get a good feel for what is out there.  This is critical to your success, you will be putting your time, energy and cold hard cash into this so put you best foot forward and do your investigation.

Most online store has numerous categories. Specifying these categories is a crucial task, they must be according to the burning demands and prices should be reasonable. Internet marketing covers lot of aspects but for the beginners it is good to start with the affiliate marketing, where one is paid on commission basis for promoting others’ product. This method does not require inventory, shipping procedure and any other formality that an actual online store requires. Once individuals get familiar with the trend of marketing, one can proceed further.

As soon one is familiar with particular business model, there are a few things which one can run into when it comes to internet marketing. As an amateur, one get easily fed up with the tons of information and things to be learned. Therefore many of the newer internet marketers drop their idea before they actually get into this business of online marketing. The fashion of learning should be fluid and one must retain the focus of succeeding their field. Online marketing can bring good returns and it can let one taste the success while sitting at home.

Strategy Based Profits TIP: – The keys are to find a product or niche you are interested in, do your investigation, set up an online store, watch out for the roadblocks and just make it happen!

Robert J. Roy
Money Man

Online Business Is It A Get Rich Quick Or Get Rich Steady Process!

It is an undisputable truth that there are millions of people all over the world who are making money online. They are doing this either as a full time job or as a part time one. This is becoming an extra source of income for people. This provides the opportunity of doing work while sitting at home. Individuals should investigate these opportunities very carefully because there are many scammers and schemers trying to get rich in a very short span of time. People cannot be as rich as told by these scammers in a single day. Setting up an online business and earning through it requires determination and consistency.

The basic requirement of an online business is building a website. An attractive and good quality website can serve the purpose by generating good amount of traffic. The second and the most important phase of an online business is search engine optimization. This is most important because there are thousands of websites over the internet and all are working hard to get a good ranking. Unless the website gets a high ranking in the search engines it will be extremely difficult to achieve many sales, no matter how good the product is or how many people need it.

As an online business grows, specialized services will be required. This includes web hosting, search engine optimization tools, link building etc. The opportunities in online business includes affiliate marketing, creating own products, selling space for advertisement, content writing, link building and SEO tools, web hosting services, online surveys and network marketing etc. Growing an online business is an endless process.

People should not try so many things at once if they are in their initial stage of an online business. This involves joining too many programs such as affiliate program, blogs and article writing at the same time. It is better to work on specific activities to achieve proficiency and success. Online business is an ongoing activity which requires consistent efforts and creativity. This is a gateway to success. Nobody can be an online business entrepreneur by just dreaming of it. People have to commit themselves with clear focus on their objective.

Get rich quick schemes are a good way to crash and burn in any business. Planning and hard work will better serve a business in the long run. Just like the hare and the tortoise, the slow and steady pace will always win the race!

Strategy Based Profits TIP: – Get rich quick never works out.  Spend some time planning out the business and consistently work at growing it.  That is how all successful online business win the race.

Robert J. Roy
Money Man

Ten Tips To Making Money On The Internet

Internet is the latest source of income, who would have thought that one can generate good money while sitting in front of some geek box. With the advancement in technology and will to succeed has made it possible to earn from any corner of the world, even while sitting in your pajamas.. There are numerous people who tasted success while spending some good hours in front of computer system. Internet is full of opportunities and one can generate a good part time and full time source of income from it. One can be an entrepreneur or job seeker on this huge platform

If you start counting the ways with which one can make good cash over internet, then the count might get over but not the opportunities. Here is a short list of some good jobs with which one can turn the computer system into money making machine.

1-     Selling and auctioning stuff on online stores

2-     Blogging can bring cash from advertisers

3-     Flipping of domain name

4-     Freelancing

5-     Poker

6-     Online gaming

7-     Proofreading of e-mails and web content

8-     Web designing

9-     Cost per action jobs like get paid for every click, reading emails etc

10-  write e-books, newsletters etc

The aforementioned ideas will surely bring out some money. Choosing the right source is very tricky job. There are many cheaters that are using internet for the same reason of making money, but their way is different and immoral. One should be a little careful and aware of such things. E-mail scams and money frauds are very common which allure one to invest with them for getting a very high return. Make sure about the authenticity of the assignment provider with which one is collaborating. Otherwise internet has lot to offer!

Strategy Based Profits TIP: – The internet is laced with ways of making money.  All it takes from you is the drive and a desire to want to succeed.

Robert J. Roy
Money Man

Debt Is An Ugly Word (How To Get Out Of It Quickly)! Part 2

In part 1 we discussed the different ways people can borrow money, in part 2 we will discuss how to reduce the debt the hardship has brought you.  Once you are in a better place financially you will want to start focusing on your debt.

Family and Friends – This is a sticky situation.  Some family and even a few friends will not want you to pay them back the money you borrowed.  Even if they do not want you to pay them back it is advisable to do so anyway.  If you ever have a need again in the future to borrow money they will be more likely to do so if you paid back the original loan.

Personal Loan – There is not too much you can do here.  These types of vehicles are usually fixed and have a defined payment over a specified period of time.

Retirement Plan – When discussing the withdrawal with your tax advisor you should also discuss if you will need to repay the money to the plan or not.  I am not a big fan of taking this money in the first place what good is it for retirement if you have to live on the streets today.  If possible and the laws allow you to repay it, by all means do so if possible.  Get that money back into its tax deferred or tax free plan.

Home Equity Line Of Credit and Credit Card Debt – I bunched both of these together on purpose.  There is a specific payback method that we will review here.  This makes it easy to put these two together. 

Let’s say you have been using these two instruments to get you through your hardships.  You have not only maxed out your credit cards but you also added debt to your Home Equity Line Of Credit.  There are a few steps to take to work out a proper repayment plan.  This type of plan has been time tested and is proven to work.  It is the fastest repayment plan I have ever seen.

Sit down with your spouse and plan on spending an hour or two on this.  You want your spouse with you because this plan will affect the both of you.  Start working through these steps:

1- Although you may have already done this when you were going through the financial hardship you should do this exercise again.  Discuss if there are any things you can cut out of your budget or are there any things you can cut back on.  If you do come up with some dollars that you can cut back on write the total number that you came up with down and put it on the side for now.

2- Have all current credit card statements and any Home Equity Line Of Credit statement out for review.

3- List all of the HELOC and credit card debt out in dollar amount order.  List the dollar amounts from the lowest first to the highest dollar amount.  For example you have three credit cards that have balances of $975, $28,320, and $23,187.  You also have a HELOC total debt of $78,950.  List the lowest debt first ($975, $23,187, $28320, $78,950)

4- What you are going to do is pay the minimum amount on all debts you have listed on the paper.  This holds true for all of them except the lowest payment you have.  You will take any extra money you have for the month (including the extra money you put away in step number one above) and you will send all of the extra dollars you have to the lowest balance credit card.  So let’s say your monthly payment on that $975 credit card debt is $60.00, you found an additional $40.00 per month that you were able to cut back on, you would then send $100.00 to the credit card that has the lowest balance.  You will keep doing this until the lowest balance credit card is paid off.

5- Now you have an additional $100.00 to apply to the next lowest credit card balance you have.  You will keep doing this until all of your debt is gone.  Once you get started it is a snowball effect.  The start is slow but the plan will start picking up steam and eventually it will get going very quickly.

Getting in debt can take full and total control of a family’s finances.  Make sure to do what you can to get the money to pay it down.

Strategy Based Profits TIP: – Do what you can to cut expenses, start paying sown the debt and watch the debt start to snowball away.

Robert J. Roy
Money Man

Debt Is An Ugly Word (How To Get Out Of It Quickly)! Part 1

Most people are not fortunate enough to go through life without running into some form of financial troubles.  For some people they lose their jobs for others they have a medical condition that sets in and in some cases there is a death in the family.  All of these things and many others could cause some form of financial hardship on an individual or family.

When this happens there are limited choices of how to keep a roof over your family’s head and food on the table.  You do what you can but the bills tend to pile up and you can’t seem to get your head above the water. First let’s discuss the places you might be able to get your hands on the finances you will need to work through the hard times.

Family and Friends – I didn’t say you would like the choices but you must consider your family and possibly a friend or two to help you through these trying times.

Personal Loan – If you have good credit you may be able to get the money from the bank or other financial institution.

Retirement Plan – You may be eligible to use the money that is in your retirement plans for personal hardship.  Check with your tax advisor on the rules for these.

Home Equity Line Of Credit – This is also known as a HELOC.  Although this is a choice keep in mind that your debt will now have equity behind it.  What I am referring to is that the bank has an asset to hold against your debt (your home).  This one should be a last resort.

Credit Card – Credit cards are the vehicle that many individuals and families wind up using to help get them through the rough patches.  There is no wonder that as a country we are in so much trouble with this type of debt.

In Part #2 we will discuss how to reduce the debt that the hardship has brought you.

Children And Savings (The Top 3 Strategies For Teaching Kids About Saving Money)

Historically parents have not done a good job on teaching their children about money or saving money.  Parents send their children to school and they feel that the school and the teachers in the school will teach the kids about money.  WRONG, that couldn’t be further from the truth.

I am asked over and over again when is a good time to get started?  How early should I start teaching my children about saving?  Many parents believe that they should wait until he child is a little older (teenagers) before they teach them about money and savings.

I teach parents to start teaching their children around the age of three or four.  Yes, you heard me right, start teaching them around three or four.  You are not going to beat them over the head about savings but you should start teaching them about money.

Here are three of the top strategies for teaching kids about saving money:

1) What Is Money And How Does It Work – Start teaching your children early.  Don’t wait on this, this is a critical step.  Teach your children what real money is worth, use coins and bills in the educational process.  Explain how much each coin is worth.  Show them one and five dollar bills, teach them how to read each bill.

2) Set Up A Savings Plan – Historically parents use various methods for savings.  Although some are better than others the important thing is that you are doing something.  There are three methods that you can use, here they are:

A) The Piggy Bank – When using a piggy bank allow your children to put the money in the bank themselves.  What you are doing is you are getting them used to putting their money in the bank.  Psychologically you are getting them used to savings because they are placing the money in the bank themselves.

B) A Savings Account – Placing the money in a savings account is a great way to save money for your children.  It is not a good way for your children to learn about saving money for themselves.  I am not against putting money into a savings account but what I am in favor of is to have your children go to the bank with you and let them hand their money to the teller.  This gets them used to making deposits at an early age.

C) A Jar System – Using clear plastic containers to save money in is a wonderful idea.  If your child is saving for a particular item that they want to buy, let’s say there is a new doll that they want, you would have a clear jar for them to put the money in.  The visualization of the money in the jar is a very powerful motivator to get them to want to save more.

3) Allowance – Take a few chores around the house or in your business and give it a dollar amount that it is worth.  You could also do this with tasks for your business, your kids could file, do data entry, etc.  This next part is an important psychological step, when you pay them, don’t call it allowance, instead call it commission.  Get them used to getting paid for what they do.

Teaching your children about money and savings is a very important process that parents should teach their children.  Start them off young and you will engrain your kids with this wonderful lesson.

Strategy Based Profits TIP: – Teach them young and remember it is a never ending process!

Robert J. Roy
Money Man

Business Branding (A Must To Online Success)

The internet growing by tens of thousands of sites daily.  The explosive growth we are seeing shows no real signs of slowing down.   That is why today more than ever before it is important to create a presence on the internet that goes beyond putting up a business card type website. 

A business card website is what most companies put on the net these days.  It is the page that introduces them to the internet world.  It gets their name out on the web.  For the most part that is it.  This type of website is still needed but it is not what sells most products or services.

When setting up a marketing plan, creating a brand presence is critical.  Your website needs to stand out from others.  To do this effectively in today’s marketplace there are a few things you will want to consider as you are setting your plan up.

Business Card Website – This is still an important part of setting up your online presence but it is not meant as a sales page.  This type of website will have tabs such as About, Contact, Home, FAQ, etc.

A Blog – The Google’s of the world look for fresh content.  Today this is a big part of their ranking criteria.  Having a blog allows you to easily create constant new content for your business.  A good rule of thumb once your blog is set up is to create two to three new blog posts each day for the first two weeks.  After that two to three blog posts per week.

Get Social – Facebook, Twitter and MySpace are just some of the social media sites that you should consider setting up.  Social Media is one of the hottest marketing tools today.  There are numerous strategies to employ for using them. 

Squeeze Page – A squeeze page is designed to capture your visitor’s information.  For the most part you will want your visitors name and email address.  This information is vital to your future success.  Building a strong list should be job number one.

Sales Page – Once your visitor gives you their information on your squeeze page your sales page will pop up.  This page is meant to deliver your offer to your visitor.  The sales page is will only deliver one offer at a time.  If you are selling 3 different items, you will use 3 different sales pages.

Creating Back Links – Back links are links on other websites that link back to your site.  You should take advantage of all of your sites pointing to your squeeze page.  Remember you will capture your visitor’s information and give you future opportunities to market to them. Your blog will also get quite a few back links if you are regularly adding new content.

Today branding yourself and your business is vital to your marketing success.  Don’t try to mimic General Electric’s marketing strategy.  Their business is much different than the average person trying to market their products online.

Strategy Based Profits TIP: – Set up the various web pages listed above, keep the content fresh an create links back to your site.

Robert J. Roy
Money Man

Getting Your Online Business Off The Ground With A Strong Team!

Ok you’ve got a great idea for an online business; you know it will be a huge smash.  You have been working on this product for as long as you can remember.  You finally got the last detail of it worked out in your head.  So you sit down and start to put pen to paper and you realize you don’t have a clue about setting up an online presence.  You have no idea where to start.

Well don’t let that discourage you; there is an easy solution to this stumbling block.  Here is the good news; you don’t have to be an expert in everything to make this work for you.  You can use experts that specialize in what you need.  It is no different than building a house; you would use a framer, electrician, plumber… (You get the point).

Let’s look at the areas you might need help in.  Some of these will be simple enough for some to do on their own.  When you will need to decide is how much time will it take you verses how much will it cost you to get it done for you?

Buy a Domain Name – There are hundreds, maybe thousands of companies out there that you can buy a domain name from.  This is your website name.  For the most part you will want to get the .com and .net extensions for your site.  You may choose others based on what it is that you are going to be doing.  If the .com is not available then consider another domain name.  You can have a web designer help you with this if you are not sure how to do it.

Create a Website – This one is a little trickier for most.  Hiring a web designer will be the choice of most people.  Interview them before taking them on as a partner in your business.  It is critical that you realize that this person will be an important part of your success so take your time with this one.  Many hosting companies also have website builders; you may want to choose this option.  A good web designer is worth their weight in gold but you don’t need to pay them all of yours.  Some designers are charging five to fifteen thousand dollars (plus) to create a website.  There are many companies out there that are much more reasonable in their pricing so do your research.

Manage Your Website – Once the website is set up there will be regular maintenance to run it.  Keep in mind a website should not sit stagnant unless it is just a business card or you.  If you want to have good rankings with the search engines then constant updates will be needed.  Having a blog on your site is a good way to have fresh content to update the data on the site.  You may choose to do the site maintenance yourself but hiring a web master might be a wise decision for your business.

So there you have it take your idea and build a strong team to help take that idea to the next level.

Strategy Based Profits TIP: – Consider using experts in their field to help you in areas that you are not strong in.  You don’t need to go it alone.

Robert J. Roy
Money Man

Successful Business Have A Plan (You Should Too)

Before the economy went to pot and the stock market fell off of the face of the earth starting a successful business was difficult.  With individuals and business cutting back on spending it has gotten worse.  Today more than ever before it is a tough time to start up a successful business.

It has never been more important than today to have a plan in place for your business.  When people hear the words “Business Plan” there is emotional turmoil present in their facial expressions.  Many individuals are petrified at the thought that they need to sit down and write a business plan.

Believe it or not it is not that bad (once you know what to put into one).  Whether you are just getting started or you have an existing business you will want to make sure that you have a business plan in place.  Every business plan will start off with these things:

A Mission Statement – Is a written statement that defines the purpose of a company.  It will include things such as the organizations goals and a general direction for the company.  Usually mission statements are only a few sentences long.  They are meant to be clear, concise and to the point.

The Companies Description – What will be your legal structure (corporation, LLC, Partnership, etc.)?   What is the company’s history (when and where did they start operating)?  What are your startup plans, when and where will you operate your business?

Your Customer – Who are you trying to market your products to?  What is your market niche (you will need to define it, this is critical)?  It’s easy to say that you want to sell to everyone but you should hone your market in to specific demographics.  It could be by age (25 to 40), sex (female), homeowners (yes), parents of 5 to 12 year olds (yes), that live in a certain part of the country (Atlanta).  Ok you get the idea, you may not have these restrictions or you may have more, it is your business so define what it is going to be.

Your Products – Once you have defined your customer it is time to make sure the produce matches them.  If you are selling senior housing and you are marketing it to people 20 to 40 instead of marketing it to the 55 plus age group you are wasting your money and will probably be out of business shortly.

This list is by no means exhaustive.  There are entire books written to the subject, go to the local library or bookstore and look into some of the.

Strategy Based Profits TIP: – The takeaway here should be that you need a plan and you need it sooner rather than later.

Robert J. Roy
Money Man

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