7 Shortcuts to Making Money Online
It is easy to make money online, but like with any other jobs or businesses, the guarantee of steady income depends on the level of dedication you can give, and the extent of your knowledge in the activity you are venturing into. Beware because there are many scams, impractical jobs and careers online that might just waste your time instead of use it for something that can actually provide you decent livelihood. The good news is that this article will give you better ideas to make money online the fastest and easiest way possible.Your search is over. Here are seven proven ways to make money online.1. Earn by selling items on eBay.eBay is one of the largest e-commerce sites today as it continues to attract millions of customers looking for great and unique deals that no other online stores can offer. You can sell and auction brand new items, antiques, hand-made crafts, rare items, what have you. There is no limit to what you can sell, so the potential for this business to make money online is enormous. There was a time when a lady auctioned her forehead for a permanent advertisement using tattoo, and a company actually bought the deal.2. Make money online fast with affiliate programs.Affiliate marketing is the “it” thing in home business because you can earn passive income without allotting more time to it. If you have the knack for writing reviews and creating promotional contents, you can convert your talent to make money. With affiliate programs, you get commission for every product sold through your website, which can be tracked using a unique ID (link).You need to have your own website or blog for this. The potential for income is only limited by your traffic, so you might need to build your network as early as now before you can expect it to pick up.Darren Rowse, one of Amazon’s leading affiliates, earns an average of $90,000 a year simply by promoting products belonging to the bestsellers list. The road to success and finally earn money online was never easy, though. In 2003, as he started to incorporate Amazon’s affiliate program in his blog, he just earned a couple of hundreds of dollars per month. However, as his traffic increased, he began to earn bigger commissions up to what it is today.3. Make money online by becoming a full-time virtual assistant.The demand for virtual assistants is high because many small businesses and professionals now resort to this system in managing their files, emails, social media accounts and customer service management needs. The rate at which you can make money greatly depends on the services you can render, but the more flexible and skilled you are, the more you can earn.Even if you raise your price to a ceiling higher than what regular office-based assistants earn, you can still get decent employers as the overall expense will still be lower (i.e. no benefits and leave credits to be paid).4. Publish eBooks on Amazon and Barnes and NobleThe best way to make money online for highly promising authors is by publishing eBooks and selling them to frequented sites like Amazon and Barnes and Noble. You can easily make money online because these two sites are the leading sources of eBooks for tablets, smart phones and computers. Amazon, in particular, has a continuously expanding market for Kindle users.Do you want to learn how to make money online by being an eBook author? For every copy sold, you get a certain percentage of the selling price, which means your profit has the potential to reach great heights. Even if you just sell 1,000 copies a month, at $9.99 a piece, you can make money online and earn almost $3,500 for that month.Michael Prescott was a frustrated author who had many rejections in the last 30 years. eBook publishing opened another door for him as his self-published thriller made it to the USA Today’s bestselling list, selling more than 800,000 copies and still counting – the same book that was rejected by more than 25 publishing houses.5. Earn by answering surveysAnswering online surveys does not really pass for a permanent replacement to a full-time job, but you can still make money online just by answering e-forms for five to 45 minutes a day. On top of that, you can earn free products and gift vouchers if you will join focus groups that are hired by companies to test new products before launching.6. Make money online as a freelancing managerThe freelancing marketplace is a big community of virtual employees and employers across continents. E-lancing is becoming the new face of sideline, home business and freelancing on all parts of the world as it is more convenient yet still lucrative. You can make money online more than what office workers earn without leaving your bedroom.As a freelancing manager, you will be in charge of the outsourcing requirements, including manpower pooling, project supervision, liaison, training and quality checking. There are thousands of employers looking for long-term freelancers at huge volumes. Your job is to provide the employees they will need by being your own recruitment team. The potential of this job is so promising that you do not even have to take projects yourself just to make money online.The top freelancing marketplaces are oDesk, Elance, PeoplePerHour, Guru, Thumbtack and Flexing It.7. Start monetizing your blogBlogging can be more than just a hobby, and Perez Hilton is a living proof of that. When he started gossiping about Hollywood stars and playing with their pictures online by doodling over them, his approach to tabloid reporting was seen as unique, engaging and fun. From there, he created a whole new platform for entertainment reporting. Fast forward to 2014, he is now the highest paid entertainment blogger among those who make money online.Like with any blogger trying to make money from writing, he started earning from ads until talent fees came in through interviews, guestings and appearances. The point of this is that your potential to earn is limitless if you also have huge traffic to boast about.Many PPC vendors like Google AdSense pay huge amounts to bloggers who attract niche markets. All you have to do is concentrate on one industry, improve your style and make your website look professional. Thrown in a well-planned internet marketing strategy, and you can gain thousands of visitors in no time and make money online like everyday is payday.
Auto Loan Calculators: Your Smart Choice
The multitude of loans available in the market today has enabled even the ordinary man on the street to chase his dreams. For most of us, a luxury car is an ultimate dream! Such dreams do not appear to be so distant with the easy availability of auto loans in the present financial market. But under certain circumstances, your wish to drive your dream car or buy your dream house can turn into a nightmare if your monthly loan payment exceeds your expectations. Getting a good auto loan is not a matter of luck but of skill, where loan seekers need to take some wise decisions after comparing the terms and conditions of different lenders. Good auto loan rates are available but you need to know the tricks of the trade in order to get hold of them. Auto loan calculator is a smart tool that helps loan seekers to decide the auto loan they want to choose. This will enable them to have an estimate of the monthly payments to be made to the lenders. Most of the auto loan websites have online auto calculators that can be made use of without any extra charge.Auto loan financing companies take various factors under consideration before sanctioning request for auto loans. Such factors generally revolve around the amount to be borrowed, the loan term, the repayment installments, insurance, credit details, income, the taxes and many more. As such, loan seekers need to have a proper evaluation not only of their financial strength but also of the different terms and conditions of auto loan companies. An auto loan calculator is one of the tools that can offer immense help to borrowers seeking to approach a good lender.Auto loan calculators can be of great assistance once you are thorough with its multiple functions. It determines the monthly repayment installment of each loan including the capital repayment, interest ingredient, the payment protection insurance or the PPI and much more! The auto loan calculator utilizes the information fed by the borrowers when they provide answers to queries regarding the amount they desire to borrow, the period over which they intend to repay the loan, their household income, credit details and personal circumstances. When all this information is typed into the various fields in the calculator format, the calculator returns the details of various types of loans available along with calculating the monthly repayment installment. If the loan seeker wishes to go for payment protection insurance or PPI, its cost can also be included in the calculation where the borrower’s data exists in the calculating software. If a person has a bad credit history, the auto loan calculator generally conceals the names of lenders who would be unwilling to issue a loan to him for such bad credit score.The advantage of auto loan calculators isn’t just restricted to the above-mentioned points. Borrowers can also examine their complete amortization schedule. There are auto loan calculators equipped with graph options that enable the borrowers to make a comparative study how different loan terms or down payments can impact their monthly payment. Notwithstanding the benefits, loan seekers should always keep in mind that auto loan calculators also work as promotion-enhancement tools for the company. Users should be a little cautious while opting for their auto loans, as the rates provided might be inaccurate sometimes. So, it’s prudent to use your auto loan calculator as a guide to make way for your smartest choice!
Merits and Demerits of Equity Finance
Equity finance means the owner, own funds and finance. Usually small scale business such as partnerships and sole proprietorships are operated by their owner trough their own finance. Joint stock companies operate on the basis of equity shares, but their management is different from share holders and investors.Merits of Equity Finance:Following are the merits of equity finance:(i) Permanent in Nature: Equity finance is permanent in nature. There is no need to repay it unless liquidation occur. Shares once sold remain in the market. If any share holder wants to sell those shares he can do so in the stock exchange where company is listed. However, this will not pose any liquidity problem for the company.(ii) Solvency: Equity finance increases the solvency of the business. It also helps in increasing the financial standing. In times of need the share capital can be increased by inviting offers from the general public to subscribe for new shares. This will enable the company to successfully face the financial crisis.(iii) Credit Worthiness: High equity finance increases credit worthiness. A business in which equity finance has high proportion can easily take loan from banks. In contrast to those companies which are under serious debt burden, no longer remain attractive for investors. Higher proportion of equity finance means that less money will be needed for payment of interest on loans and financial expenses, so much of the profit will be distributed among share holders.(iv) No Interest: No interest is paid to any outsider in case of equity finance. This increases the net income of the business which can be used to expand the scale of operations.(v) Motivation: As in equity finance all the profit remain with the owner, so it gives him motivation to work more hard. The sense of inspiration and care is greater in a business which is financed by owner’s own money. This keeps the businessman conscious and active to seek opportunities and earn profit.(vi) No Danger of Insolvency: As there is no borrowed capital so no repayment have to be made in any strict lime schedule. This makes the entrepreneur free from financial worries and there is no danger of insolvency.(vii) Liquidation: In case of winding up or liquidation there is no outsiders charge on the assets of the business. All the assets remain with the owner.(viii) Increasing Capital: Joint Stock companies can increases both the issued and authorized capital after fulfilling certain legal requirements. So in times of need finance can be raised by selling extra shares.(ix) Macro Level Advantages: Equity finance produces many social and macro level advantages. First it reduces the elements of interest in the economy. This makes people Tree of financial worries and panic. Secondly the growth of joint stock companies allows a great number of people to share in its profit without taking active part in its management. Thus people can use their savings to earn monetary rewards over a long time.Demerits of Equity Finance:Following are the demerits of equity finance:(i) Decrease in Working Capital: If majority of funds of business are invested in fixed assets then business may feel shortage of working capital. This problem is common in small scale businesses. The owner has a fixed amount of capital to start with and major proportion of it is consumed by fixed assets. So less is left to meet current expenses of the business. In large scale business, financial mismanagement can also lead to similar problems.(ii) Difficulties in Making Regular Payments: In case of equity finance the businessman may feel problems in making payments of regular and recurring nature. Sales revenues sometimes may fall due to seasonal factors. If sufficient funds are not available then there would be difficulties in meeting short term liabilities.(iii) Higher Taxes: As no interest has to be paid to any outsider so taxable income of the business is greater. This results in higher incidence of taxes. Further there is double taxation in certain cases. In case of joint stock company the whole income is taxed prior to any appropriation. When dividends are paid then they are again taxed from the income of recipients.(iv) Limited Expansion: Due to equity finance the businessman is not able to increase the scale of operations. Expansion of the business needs huge finance for establishing new plant and capturing more markets. Small scales businesses also do not have any professional guidance available to them to extend their market. There is a general tendency that owners try to keep their business in such a limit so that they can keep affective control over it. As business is financed by the owner himself so he is very much obsessed with chances of fraud and embezzlement. These factors hinder the expansion of business.(v) Lack of Research and Development: In a business which is run solely on equity finance, there is lack of research and development. Research activities take a long time and huge finance is needed to reach a new product or design. These research activities are no doubt costly but eventually when their outcome is launched in market, huge revenues are gained. But problem arises that if owner uses his own capital to finance such long term research projects then he will be facing problem in meeting short term liabilities. This factor discourages investment in research projects in a business financed by equity.(vi) Delay in Replacement: Businesses that run on equity finance, face problems at the time of modernization or replacement of the capital equipments when it wears out. The owner tries to use the current equipments as long as possible. Sometimes he may even ignore the deteriorating quality of the production and keeps on running old equipment.