Wednesday, September 28, 2011

Difference between Investing and Expense

A lot of individuals and business owners do not really know the difference between expenses and investment. This is the common mistake that many of new business owners and individuals don’t realize.  Let's define expenses; it lets money out of your pocket but it is important to conduct business, like mobile phone, telephone, office supplies, power and a lot more. Now, let's define investment; it lets acquire money in your pocket, like advertising, business meetings, networking and a lot more.

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Investing vs. Expenses for your Business

Before taking action in buying or paying something, ask yourself first “If it is an expense or investment?” For example, hiring someone to work in your office? Instead of hiring someone to work for you, you’ve decided to do all the work for yourself and thinking that hiring people will only add up to your expenses. This may be right, but you must also analyze the situation. What if you need to meet clients for expansion of your business? And you are too busy doing much work in your office. Always remember that “Time is Gold” you must learn to leverage your time.

Instead of doing all the jobs in your office, try to do some math and analyze the time that you might lose to find more client than wasting all of your time and effort doing all the office works. You don’t just need an employee to grow your business; you also need to invest on equipments for better production if needed. You also need to consider moving in a better and larger place soon.

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Investing vs. Expenses for Employees

For individuals who work as an employee and what to start investing for their retirement. You can also apply this system of asking yourself first “If it is an expense or investment?” For example, buying a house and lot or a condo unit and you were convinced to pay it on a monthly basis by a real estate agent. Sounds like an investment. But what if you were laid off at your job after a year and you don’t have any savings to pay all the monthly amortization. It’s either the unit will be repossessed by the bank or sell it at a lower price to save some of your money that you’ve paid for the unit.

Instead of buying a house and lot or a condo unit first, why not strengthen first the roots. Save money first in your bank, in this case your money is earning some interest but not that big. Try investing some of it in time deposit where your money will earn much interest than a regular savings account and roll it over or try putting up a business with small capital. Until you see that the interest on your savings are enough to pay for the monthly amortization of your dream house. Then it’s time for you to invest in buying houses and lot or condo unit and it’s like owning it for free, because you are paying the monthly amortization from the interest that you earn from your savings.

Sunday, September 11, 2011

Starting Your Buy And Sell Business

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We all know that a lot of people nowadays are finding ways to make extra cash to sustain their lifestyle or to pay their monthly obligations. In current situation where the value of money is lesser than the past few years, is the main reason why people need to find a sideline job.  Maybe you are thinking of alternative ways on how to make money without leaving your current job or at home.  Luckily, there is.

Finding Products for your Buy and Sell Business

Why not try the industry of Buy and Sell business?  You can do this business offline or online. The first thing that you must do is to find things like electric appliances, furniture, pets, health food supplements and even houses that you can sell. You can also find some items in your house that you don’t need any more; instead of letting it wear out by dirt and dust, you can start making profit out of it. You can also look at classified ads for bargain items, a lot of sellers out there don’t know about pricing their items or just disposing there items without knowing that they sell it on a much lower price than the actual price that their item should be. You can resell these items from 25-50% mark up profit.
You can also make a lot profits in buying items that needs repairs or restoration, you can buy those things with a very low price or should I say almost for free. Just make sure that you will not require yourself much money for repairs or restoring the items, you might end up losing money if you are not careful doing this.

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Promoting Your Buy and Sell Items

The next thing that you must do is to market the products online or offline. You can use mobile marketing like texting your friends, relatives or ask for referrals. You can also post some banners at home with a list of the products that you are selling along with your contact number.  You can also post a free online ad on a lot of free local advertising sites that you can find on the internet.  After you make your ad online, socialize with the people online; you can join in a lot of social networking sites, chat rooms or forums sites and expand your network of friends that might be interested in your product. You must also be familiar with the items that you are selling for customer service purposes. If you are in a buy and sell business, you would want to keep near to your local area to avoid large shipping costs.
With an extra effort and time you can make money out of it. Always be Honest to your buyers and maintain a good service, who knows you might expand your buy and sell business to the next level in the future.

Tuesday, September 6, 2011

Make money while doing your Hobbies

Do you know that you can make money and have fun at the same time? Are you wondering how? It is very simple. All of us have their own specialties, experience, hobbies or things that you like most which you can turn into a profitable business idea. Isn’t it great, to know that we can make money out of your hobbies? 

Turn your hobbies into profit

If you are a health conscious person and spending lots of time in the gym to work out, you can start your own business by opening a fitness center. But if you don't have that enough money to open up a fitness center, you can also try teaching or become a personal trainer to raise fund for your future business. You can also put up a store for health food supplements, which is now a big business and it grows fast. 

If you are an online gamer enthusiast or computer freak, you can try opening a computer shop. You can also try opening a store for computer accessories like keyboards, mouse, headset, video camera and etc., you can also start selling your goods online with a small capital and all you have to do is to socialize with the people in any social network that you like most.

There are a lot of hobbies that you can convert into a money making idea like photography, paintings, cooking, gardening, sports or writing. Just use your imagination and be creative if you want to succeed in your business. Now, there is no way you can quit in your business because you are doing what you want. But don’t just do what you want; you must love what you do.

Story of Pedro, Cooking hobby
I want to share with you a story that I heard when I was in college, a very inspiring story. It is a story of a guy named Pedro. Pedro loves to cook and the taste of his dishes is really awesome. Unfortunately, Pedro didn’t have a chance to go to school due to poverty. In other words Pedro can’t read and write. One day Pedro applied for a job as a garbage collector. During the interview, Pedro is given an application form to be filled up. He approaches the interviewer and said “Sir, I am very sorry but I don’t know how to read and write. I can’t fill up this form, can you please help me!” the interviewer got disappointed and said “I’m sorry Pedro; you are not qualified to be a garbage collector.” 

Pedro got home sad and starts thinking of ways to earn money, until he decided to make use of his talent in cooking and put up a banquet. The people were surprised and love Pedro’s delicious dishes, they invited their friends and relative to try to eat at Pedro’s Banquet. The banquet turns into a big franchise business and Pedro becomes a millionaire.  Pedro becomes famous and a lot of people got inspired of his success “A guy who can’t even write nor read became a millionaire.” He was set up for an interview for a business show. The reporter asks Pedro “You became a millionaire even you can’t read and write, what more if you can read and write?” Pedro answered back “If I can read and write, I am now a garbage collector.”
So, guys make use of your god given talent. Whatever business you are into now, be thankful and work hard to get your dreams.

Thursday, September 1, 2011

Where to Invest your Money?

Are you thinking of ways on where to invest your savings or your hard earned money? In this article I will give you some idea where to invest your money. In investing, we only need the proper knowledge and learning so that we will be familiarized in doing it. Without the proper knowledge in investing, you may lead yourself into losing money or fall into scams. Many people don't know where to invest their money in legal ways. Many people have already encountered a lot of Scam Company where they offer a big return of investment in a just a week without doing anything. Obviously, these kinds of investments are scams. Always keep in mind that when you invest your money in legal ways, the returns will be good soon.

Saving Money for Investing

The best thing to do before investing is to save money first. But don't put all of your savings into investment, you have to segregate some of your savings for emergency purposes and put the excess money into investments. Now, are you ready to know where to invest your money? Investing is a way or a system where you can make your money grow. 

Ways where to Invest your Money

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Here are the following ways where you can invest your money:

1.       Time Deposit
Investing your money in time deposits, will give you higher returns compare to a regular savings account. It is a sure way that the money you invested will gain profit and you have nothing to worry about losing your money.
2.       Mutual Funds
Mutual fund comes from combined money or investment from different investors. It is well managed by a professional mutual fund manager. A mutual fund is regulated and administered by the Securities and Exchange Commission. The first thing to do is to choose an investment company on where you can open a mutual fund account. You can choose from different types of mutual fund depending where it is invested; like equity, balanced, fixed-income and money market mutual fund.
3.       Stocks
One of the traditional ways on where to invest your money is to invest in stocks. A publicly listed company is sharing their ownership through stocks. Finding a stockbroker is needed before buying or selling stocks. Investing your money in stocks, involves high risk because the market is very volatile. If you don't have enough knowledge in the daily trending of stocks, I suggest going on long term investment. You can also receive a stock dividend given by the company.
4.       Business
You can invest your money in having a business. Like engaging in a Home-based business, franchising business, or create a system that you want. You need knowledge and determination to become successful in business.