Archive for January, 2012

We have all seen the ads. Type Data Entry for dollars, Typing Simple Data Entry from home, Data Entry Income and more. Can Data Entry from home really earn real cash?

If you are comfortable typing on a computer then Data Entry Jobs may be for you. There are misconceptions when doing data entry that you will be typing endlessly to earn nothing. The truth is data entry is an easy work at home job if you feel comfortable on the computer. If you can type at a good speed and be accurate this can be an easy source of income. Of course today with the tools available like spell check, grammar check etc, it makes it a lot easier. In fact it’s possible to earn over $40 per hour doing data entry jobs on line.

Another misconception is that data entry jobs are scams. This is probably the “too good to be true” adverts with promises of overnight riches working from home. A few people will join a Data Entry program and think that the money will start flowing in. If it doesn’t then they call the program a failure. Like most things in life, you won’t get something for nothing. There are legitimate data entry work programs available. One simply needs to narrow down the field by choosing from the best programs available with a money back guarantee. When doing this it’s a win – win situation. It’s nice to know you have the protection if it’s does not work out for you. It is not very expensive to get started in one of the Data Entry Programs so the risk / reward is very good in my opinion. So what do you have to do to get started?
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With so many optin email lists out there, your really need to come up with a hook to attractive subscribers. It needs to have something special or different. It could be something you offer inside every newsletter issue, like interviews with experts. Or the hook could be a unique incentive that website vistors can take advantage of immediately when they sign up.

Here are 3 ideas you can use for your own sites, or use as inspiration to get you thinking a little outside of the box:

– Build an Optin Email List by Creating a Private Members Only Site or Section –

Create a private web site and have people sign up to get free, immediate access. For example, you could say, “Subscribe to our free e-zine and get free access to our private membership web site!” You can choose to have them receive a username and password every time they want to login, or you can just provide a link to the site in your welcome email.

Your private members only site can be as big or as small as you want. Some of the things you can include inside are: reports, software, articles, ebooks, etc. Inside the site, you can advertise your affiliate programs, as well. And you can follow-up to let them know about updates, new products they might be interested in, the latest news in your industry, etc.

– Build an Optin Email List By Giving Subscribers a Free, Tangible Gift –

Instead of offering a free ebook (or a whole package of them) like most everybody else, promise to give your visitors something they can hold in their hands if they give you their contact information.

For example, you could say “Subscribe today and get our new report mailed to you via First Class.” You could print out your report on standard 8 x 11 sheets of paper, fold it up, put it inside an envelope, and mail it off.

Or you can offer a tips booklet and mail it to new subscribers. Or you can create your own CD full of information targeted toward your market and mail that. Or if you have a wholesale supply of a product of interest to your subscribers, then you can send one to each new subscriber. The possibilities are only limited by your imagination.

Follow-up possibilities include: articles (your own or written by others), tips you pick up, news in your niche, reviews of products or other interested, related websites, etc.

– Build an Optin Email List Through a Contest or Sweepstakes –

Hold a free contest or sweepstakes at your website where they must give their contact information, including their email address, to enter. Make the prize something that your niche market will be interested in. Otherwise, they’ll never want to enter.
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When you decided to start your business, was your first priority concerned with setting up your filing system for recording your expenses? I seriously doubt it. This simple task (yes it is simple) is usually the item that is the last thing on the new business owner’s mind. The more “important” issues of what product to sell, how am I going to advertise, how much money is it going to cost me, and how much money can I make are the first questions we consider when going into business.

The task of recordkeeping is usually procrastinated until the very last minute, when it is required. It is time to file your tax return, or time to go to the bank to get a loan for the business and the banker wants to see some financial records for the business. This can be a very daunting and cumbersome task if you have to dig through receipts and expenses for the whole year! No wonder we hate keeping records. That’s no fun!

Well, guess what? If you aren’t keeping good, timely, and up-to-date records monthly, you don’t need to be in business. That’s right. I said it. Here are the top five reasons why I truly believe this statement.

1. Lost tax deductions = Lost Money If you are throwing your receipts in a shoebox each month and not keeping an organized record of your income and expenses, I can bet you money that you are losing out on some major tax deductions. A smart businessperson keeps track of her income (cash in) and expenses (cash out) monthly, sometimes even weekly. You do not need a fancy accounting software package to do this. You don’t even need a computer! Simply keep a journal monthly and log in all of your receipts and invoices, and there you have it.

2. High CPA/Tax Preparer Fees = Lost Money I can speak from personal experience, that if you bring in that shoebox of receipts for the year and expect your tax preparer to record and properly deduct your business expenses on your tax return, you are sadly mistaken. Tax season is the busiest time of year for these professionals. If you expect them to do your bookkeeping and recordkeeping as well, expect to pay for it. They don’t have the time, or the desire to make sure that every receipt is accounted for. As a businessperson, it is your responsibility to make sure they are given the right totals and you can trace it right back to your tax return.

3. Too much time spent looking for receipts The time you spend looking for a past receipt for a particular purchase for whatever reason, you can be utilizing this time in advertising your business or producing your product. These are important money generating activities that you are sacrificing due to your lack of recordkeeping.
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There are two type of people in the world. Those who see the glass half empty and those who see it half full. This experience was heightened for me when I had lunch with an old colleague from work and he began to complain about how only rich people could start a business. I thought he was joking.

As I sat and listened he ranted for almost ten minutes giving all the reasons he could not start his own business and get out of the rat race. He talked about the high cost of start ups,
franchising and real estate development. When he finally came up for air I decided to ask simply ask him one question. Mark, “Have you every asked yourself what kind of low cost businesses with high profit margins are out there?”

He looked like he had been run over by a truck. I went on to say, “You are just asking the wrong question.” He sat for a minute and said, “Ok, if you’re so smart give me some ideas.” I said, “Great. Oh and by the way let’s make it fun and focus on the ones you can work from home in your pajamas.”

Here are the 5 low cost high profit businesses I shared with Mark.

1. Internet Marketing: Do you have a computer in your home? If so you could be sitting on a gold mine. People use the internet to do all types of things. From a multimillion dollar wire jewelry making enterprise to a young kid from Long Beach California who created his empire teaching people how to play music by ear. Everyday people are getting on the internet and pursuing their own dot com fortune.

2. Tele-seminars: If you not a very technical person one of the
best strategies is tele-seminars. With simply a telephone and a
conference call line for your guest to call in on you can offer
a class or seminar. You can either use it as a lead generator or you can sell your product or service from the seminar itself. An additional product can come from recording the class. Once you record the class it can become an instant product you can create passive income from.

3. Joint Ventures: If you like the idea of not needing a product or money of your own than the idea of joint venturing could be for you. This business is simply the art of the deal. You are paid in direct proportion to your ability to bring together two parties who would not otherwise know each other outside of your introduction.

For example if you combine company A’s products, knowledge,
resources and partner it with company B’s client list you get to share in the profits. And it would not cost you one cent.

4. Affiliate Marketing: What if someone else did most of the work but you got to share in the profit pie? Well, that is
what affiliate marketing is all about. There are thousands of
products ranging from digital down loads, books,seminars not to
mention hard products like computers, cell phones and other
techie stuff. Your job is to find the products that your market is interested in and when you sell something you get a percentage of the sale. You can do this without having any inventory or the overhead of a traditional business.

5. Information Products: This is one of the most highly lucrative low cost businesses you can get into. If you have specialized knowledge or can do you can research and reporton it you can create products that are highly profitable. For example, one of the fastest ways to success is to interview experts in a high demand niche market.

Once you have interviewed these experts you can take the information and create several different products from the one interview. Some of the things you can do is sell the recording itself, sell the transcript of the call, use some of the content create an e-book or report or take several of the interviews and put them together for an expert tape series.

6. Network Marketing/MLM: I have always been a fan of network
marketing because the business model is as much about self
development as it is building a business. The premise is you find a company that you are passionate about the product, has a proven system and strong team leadership. Most of these companies are low cost of entry. And you build your empire leveraging the efforts of many. Read the rest of this entry »