Making Money Online: What Will Work and What Never Will

  • Written by Ms.T
  • Category: Business
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Making Money Online: What Will Work and What Never Will

It seems as though there are endless job opportunities waiting out there in cyberspace. It is a vast world just brimming with money to be had. However, as with everything, there are scams out there that look convincingly like actual jobs. At a time when the economy has been so harsh and people are desperate to take on any job they can find, even the best and brightest might turn to the internet for opportunity and get scammed in the process.

There are several ways to make actual and legal cash online. There are several fields that offer great opportunity, job security, earning potential and room for advancement. Jobs in the medical field are available everywhere. With the right secretarial skills and courses in medical terminology, medical transcription jobs are available. These jobs are legitimate work allowing you the benefits of working at home, on your own schedule. Medical billing jobs can also be worth looking in to. These jobs require some college courses to familiarize you with the ins and outs of the medical field.

Other online job opportunities that are usually trustworthy and legitimate are in the area of data entry and bookkeeping. Many well established companies are looking to find people willing to work from home earning a little less than in their offices, yet enough to lure folks in who want the benefits of online work. These jobs are fairly easy to find and require basic computer and office skills. Usually with this kind of work, the more output you generate, the more you earn.

Writing is another field with endless potential and earning capabilities. You can find many valuable jobs writing on various topics and for various forums. Be it small blogging jobs or large corporate empires needing professional proposals done, you have the freedom of choosing your niche and running with it. Many writing jobs will depend on your experience and education level. You can do relatively cheap work providing basic writing services for someone who just doesn’t have the time to keep up with their own work or you can only take on high paying exclusive contracts with companies.

Marketing your own products or services is yet another money making opportunity online. You can easily find the resources necessary to create your won website and create the content you are looking for. If done with your best effort and guidance from others, you will create traffic on your site and visibility of your business. Selling the products of others can also be a way to earn a living online. You can earn commission for each item you sell.

There are opportunities out there that you need to realize will never pan out as expected no matter how much you want them to. Unfortunately, some estimates place internet scams at about 80% of the jobs advertised online. While even the most intelligent and seasoned searcher can fall victim to some of these scams, there are commonalities to watch for. If you have not solicited a company for employment and they are trying to lure into a job, beware. Also take note of the old adage which says ‘if it sounds too good to be true than it probably is.’ You can easily find people promising you a fortune very quickly and with very little effort. This will undoubtedly be a scam. Pyramid scams online are common also. If they promise you money if you can find others to join in, then stay away. You might be able to spot a bad opportunity simply by the looks of the site also. If you notice unprofessional language or imagery, such as misspellings and grammatical errors in the actual job advertisement, it is probably not worth the time or energy to pursue.

When looking to make money online, keep in mind a reputable site or company will never ask you to buy anything upfront. They will provide sites that offer help and are filled with details about the actual position or job requirements. If the job is vague and you are unable to find help or support online for any questions, it is probably not a real or legal opportunity. Also watch for companies which have sites leading you to other sites asking for money. This is one sure sign of a scam.

It can be difficult to decipher the legitimate money making opportunities from the endless scams online. Keep these basic tips in mind and also look for employment which actually meets your experience level. Joining an online forum of other job seekers and talking with anyone you know who works online can help you narrow down your option

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Don’t Give Up If Your Startup Business Can’t Tap Into Traditional Sources of Financing.

  • Written by Ms.T
  • Category: Business
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Don’t Give Up If Your Start-up Business Can’t Tap Into Traditional Sources of Financing.

For most people who have ever had a dream of starting their own business, a lot rides on the finances involved. Having the money already in hand to make your business dream a reality is not the typical scenario. One must usually rely on someone else or some financial entity to hand over the capital.

Typically, there are two sources of traditional business financing most prospective small business owners turn to first. The most common type is debt financing. You borrow money and agree to pay it back within a certain time frame and with a set amount of interest. This kind of financing must be paid back whether your idea is a success or an absolute failure. The other traditional form of startup financing is equity financing. This involves selling a portion of your business or selling partnership to an investor. The investor may prefer a share in your business over simply repaying them with cash. If your business is a success, they will often see a better return for their money than what they would have gained back in interest payments. If the business fails, you the owner and the investor both lose the money put up as capital.

There are times and circumstances that lead potential business owners down other routes when it comes to financing their startup business. Some may find their ideas and potential profits are incredibly strong and viable but their credit with a traditional financial institution is less than stellar. Other means of financing are out there for the average startup business dreamer, it just takes a little creativity and research to tap into them.

One time honored method of finding cash flow is to simply tap into the capabilities of those around you who might already have faith in your business dream. Your family and friends can be a valuable source. They will be less critical of your past credit history and may be just as anxious to see your business succeed. Use caution when dealing with money from those you know. Be sure to draw up all the legal paperwork necessary as if they were a bank. This protects you and them down the line if the business fails or even if the business is an overwhelming success.

Another overlooked source which can give you a never ending stream of capital is the government. There are literally thousands of grants waiting out there for the right startup. Many grants are available to businesses which can support or work to improve existing government projects. If you are willing to locate your business in an underprivileged community or it will create jobs for minorities in the area, grant possibilities are there for the taking. Any business which can help revitalize an area, lead to regional development, lead to an increase in public transportation or increase child care needs and facilities in a given area, is able to tap into government grants.  You can find information on grant availability from several government agencies. A few of them are the U.S. Department of Agriculture, the Veterans Administration, Federal Housing Administration, and the U.S. Department of Energy.

Green Grants and sources of finance are becoming well known now. This fairly new trend in financing increases your chances of grant approval or loans if your startup business will use environmentally sound green technologies or utilize green fuels such as solar power or bio fuels. Using so-called green building materials will also increase the amount of grants and funding you qualify for.

Leasing out your startup is an alternative much like those who can not get a home loan will lease or rent a house instead. It is now possible to lease the big ticket items every startup needs to get production going. You can lease big ticket items like manufacturing equipment and vehicles. You can find suppliers who will lease your basic office and operating supplies, such as computers and copy machines. Leasing office space is a financially frugal option for your startup business.

While everyone knows the textbook picture of the venture capitalists that sweeps in and makes your business dreams come true, an angel investor is one step above. Angel investors seek out opportunities others seem to steer clear of. These individuals can spot high potential growth for startups and want in early. They may want a percentage of the company’s equity, up to 50% for some, or may charge a management fee. Some venture capitalists join together to form angel investor clubs. Some area Chamber of Commerce groups will host events for these clubs to meet potential startup entrepreneurs. If you reach out to local small business development centers or regional economic development agencies, they can usually put you in contact with angel investors.

With a little outreach, creativity, and research, the startup you wish to make reality can become one. Project your self confidence in your business dream to others, and the financial backing is sure to follow whether it comes from a traditional source or not.

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