Regardless of what others may think, there is money to be made online. There are numerous business models to work for and work from and your earnings will only be limited by the work you put in. This quick guide will present methods on how to make money online and help you determine which is the best option for you.Let’s start.1. Freelance jobsThere are thousands of online businesses today that are eager to hire skilled and talented individuals. People that know how to design, write, program, code and teach are often what they look for. A talented and skilled person in these fields can easily find work online. Most of the time businesses offer project-based, part-time, and full-time work.PROS:It is easy to find work and there are hundreds of job opportunities to choose from. You also have the freedom to work whenever and wherever you want as long as you finish the job assigned to you.Your earnings are determined by the quality of time and hard work you put in. Unlike, in most but not all, office jobs that salaries and wages are fixed.CONS:You are working for an online boss. You have to answer to someone. If you’re not a fan of working for someone then this might not be for you.Another con is the isolation. You’re office boss might be the worst person you had but you could bear it because of your friends. Now eliminate the friends and leave the boss in. Sounds a little sad, right?2. Creating an Authority Site or Niche SiteFirst and foremost, let’s differentiate the two:Authority sites are websites that have proven their expertise in the world wide web. This means that many reputable people on the internet have deemed it to be the “go-to” website because of their service or product.Niche sites on the other hand are websites that contain and talk about only one specific niche, one specific topic throughout the blog.Where is Earning Money online fit in all of this? How to make money online creating a website is by monetizing it.a. Monetizing it using Google AdSenseMany people have made thousands of dollars with Google AdSense. However, it’s really hard to get approved by Google. Your website should need around 16-25 quality articles to get approved. Though getting approved isn’t a guarantee of making money. Your site visitors should also click the ads by Google. If ads are utilized and placed well, you can earn a significant amount of money.b. Affiliate MarketingAffiliate Marketing is promoting other people’s products and services on your site. You are basically promoting their products and you get a commission if a site visitor buys your product.c. Membership websiteYou create a website that is full of content and quality products that are only exclusive to members. A person may only be able to get the full access to your website is to pay you a membership fee (which you will set). This is a good business model because it is recurring (members pay their fee monthly) and it’ll generate income long after you finish the website.PROS:You can create recurring passive income for yourself and you can live a lifestyle you’ve always wanted. The sky is the limit when talking about the potential earnings in creating Authority sites and Niche sites. It’s because the earnings will only be limited to the time, effort, connections, and investments you put in the website(s) you have. The more blood, sweat and tears you put on the websites, the more successful the website will be. Certainly, more success = more money.CONS:A lot of research, promotion, money and time should be invested in creating an Authority site or Niche site. You will also hit a learning curve since you need to learn many things, such as online language jargons, methods and techniques, copyright, online legal matters and many more.3. Selling Your Own Product\Service”The people that really make the BIG MONEY are the Creators and the Sellers of the product(s). Everyone in between is working for them.”-AnonymousNothing beats being the “source” of a quality product. It might be an Ebook, Podcast, Magic Toolbox, Furniture, T-Shirt and etc. As long as you are confident that what you are selling is the BEST, then sell the heck out of it online!Create a way for people to find your product — either create a website or put it on sale on a website. Start off from there and slowly build your business.PROS:When your product takes off, you’ll have what every person wants — Passive Income.You will be accessible online 24/7 and you are open 24/7. The earnings will be determined on how valuable and useful the product is. If you consider it the best product then the money will come.CONS:Promoting the product will be a struggle; especially if you don’t have a website or connections online.
Auto Insurance Does Not Mean The Same Things To People In The Financial Profession
It is amazing how much literature has been written about the car insurance business online. The main approach in use by the bulk of the writings is in the direction of selling car insurance, rather than offer it in the proper context of insurance product or ‘a product to protect your assets and wealth.’ That is why when searching for the phrase ‘auto insurance’ a large number of websites emerge with the ‘selling’ phrases like affordable auto insurance, or cheap auto insurance or low cost auto insurance.In the early part of 2011 and according to Google AdWords there were 8,100; 74,000; 9,900 monthly searches for the above key phrases, respectively. On the other hand, there were only 110 searches for the phrase ‘reliable auto insurance’, 170 searches for ‘quality auto insurance’, and 8,100 for ‘top auto insurance companies.’ It is rather easy to conclude that most of the searches on line are about price, not quality of insurance.A basic principle in marketing is to understand what people ‘want’ and design and package your product or service to meet what the folks want. Looking at those numbers we can tell that most people want cheap auto insurance. As a marketer, if you design any campaign without considering that analysis you may eventually flunk the marketing tests, close your website and go do something else.So what’s the difference between auto insurance polices? From a ‘financial planning viewpoint’ car insurance comparison should never be based on price only, and perhaps most people agree that cheap insurance is not necessarily the best car insurance. But what most people do not know is that an insurance policy with the best rated company may also be one of the most problematic contract. An auto insurance policy should be compared in reference with three factors:1. Price: of course the cheaper the better.2. Company Rating: Non standard companies are more flexible than their standard or preferred counterparts with regard to past violations found on the MVR activities of the drivers and the credit score of the car insurance applicants. However, non standard companies are harsher than others in customer service and paying claims. Most of complains come from non standard insurance companies. While preferred companies do not hesitate to quickly pay for smaller claims suck as seven or eight thousand dollars claim, or even little more; all companies from top to bottom will try to examine the application to see if they have to or do not have to pay a $100,000 claim.3. Liability Limits. This is the most ignored, least understood, but is the most important aspect of the policy which affect customers during time they need the insurance. It measures how much protection you have in the event you get sued. A professional financial advisor will never ever sell you an auto insurance policy at low limits if he/she has enough information that you and your spouse have enough wealth to be sued for in the event that you or a family household member cause a major auto accident and your car insurance pays the maximum on the policy which turns out not to be enough.There are many insurance policies sold with superior insurance companies at the lowest liability limits mandated by the state. In the State of Illinois these limits are 20/40/15, which means that in the event you cause an accident that is your fault and you get sued by others, then your company will pay to others on your behalf no more than $20,000 for bodily injury for one person, no more than $40,000 for bodily injury for all other people in the accident, and a maximum of $15,000 for any and all property damage you case in that accident. If you are a business owner and you cause a major accident resulting in a unbeaten lawsuit of $300,000 and your insurance company maxed the payment on the policy and paid $20,000, the difference of $280,000 will have to come from your own money!Financial Planners and Auto Insurance Marketers Are Not in HarmonyFinancial planners are not in harmony with insurance marketers about the weight that needs to be placed on limits of liability in auto insurance. Marketers like to stress the aspects of price and company rating, while financial planners like to stress the importance of liability limits first, then company rating second, and perhaps price at a later stage.Although financial planners and auto insurance marketers have the common goals of maximizing their earnings while providing their services, the scope of their operations is different. Auto insurance marketers make their money by selling as many polices as they can have. The marketer does his best to make as many sales as possible, hence making small amount of money on too many policies sold. Financial planners work differently as they try to make big money from each of the few number of customers they have. Selling an auto policy is not the primary concern of a financial planner, but for him or her auto insurance is one of the fundamental subjects of the financial planning process.Car insurance agents look at auto insurance as a way to protect the car itself in the event of theft, fire or another loss, besides the fact that it’s the law. Financial planners look at auto insurance as an integral part of their clients risk management process. To the financial planner an auto policy is not to repair the car in the event of loss, but is mainly about protecting the assets and wealth of the insured, especially against potential lawsuits.Some auto insurance marketers would even suggest to cut down on liability insurance as a way to save money. No sound financial planner will ever make such a suggestion. No way!When does height matter?How high your liability limits should be is the main issue that should prevail when you buy car insurance. You probably need only the minimum liability limits mandated by the states if /when(1) you shopped for higher limits and could not afford it, (2) your current assets or wealth is not big enough to expose you to further lawsuits in the event of at fault auto accident. (3) you are a high risk driver where no one else wants to insure you except at the minimum limits. But, if you have certain amounts of assets and wealth, or is expected to have sizable assets or wealth, then you need to worry about the height of your liability limits.What about if you are not wealthy with plenty of assets? Even for people with little or no wealth, the height of liability limits should be much of a concern to them. This is due to the fact that liability insurance contains certain coverages to pay for your bodily injuries in the event that you get hit by a vehicle that is legally uninsured, or is insured but the insurance on that vehicle was not enough to cover your bodily injuries. According to the Insurance Research Council, approximately 15% to 17% all drivers in the United States are uninsured. Coverages for Uninsured Motorist (UM) and Underinsured Motorist (UIM) vary from states to states with regard to their mandatory status and limit amounts. In Illinois UM is mandatory at the limits of $20,000 for bodily injury per person and $40,000 for bodily injury per accident. Underinsured motorists coverage is not mandatory in Illinois but insurance companies must offer it to clients for policies issued with liability over the state limits. Clients can still reject to have higher uninsured/ underinsured motorists but it must be in writing. As you can see, your liability only policy provides coverage for your bodily injuries, and making sure that you have high limits on both liability, UM and UIM can have tremendous effect on your life.
Enhance Your Marketing Through Personal Products Promotion
If you are in sales, great customer service and product knowledge are the basic foundation to your success. These skills will undoubtedly increase your production and earnings over time, but growing your business by word of mouth advertising and through past customers referrals will take time. Adding marketing and promotional products to promote your business will be an effective compliment to expand your business faster.If you are in the financial or real estate business, after you have completed a transaction and your customer is happy with your service, they may tell their friends and family for a few weeks. Unfortunately, after a few weeks the referrals will likely stop unless you maintain contact with them. A strong marketing and promotional campaign is a vital key to keeping up with your competition. Promotional campaigns use products that have your name, logo, and contact information on them to help you grow your business and develop recognition in your marketplace. When calling on your lead sources make your sales calls more effective and lasting by offering them useful products that will promote your services. Typical promotional products such as: pens, cups, flash lights, tape measures, and stress balls are all useful items in the real estate and financial industries. If you add a promotional campaign to your marketing endeavors, you should be able to lengthen the time your past customers and lead sources promote you and your business, thereby retaining a higher percentage of your past customers.Promotional items will also assist you in introducing a new services or products that you may want to offer. These new products and services may help you specialize and become more profitable. Becoming an expert in rehabilitation loans, first time home buyer down payment assistance loans, or zero down payment mortgage products and promoting your expertise through marketing and promotional products campaigns will decrease the time needed to capture new business and profits. You can create a marketing promotional campaign to maintain contact with past customers, reach out to new customers at events, or more effectively promote yourself through your sphere of influence. Creating an effective promotional marketing campaign will help you and your contacts spread the news of what you can offer. Promotional items should fit your business needs and can be used as closing gifts, informational pieces, generalized marketing, and employee retention and motivation.Creating an all-encompassing marketing system should utilize all aspects of personal promotion to reach your lead sources, these include: seminars, product knowledge, outstanding customers service, consistent contact, and retention systems to maximize your efforts. Developing a total marketing plan will enhanced your overall image as an expert and increases the likelihood that they will recommend their connections to you.