Istanbul Bye

I wanted to share with all you wonderful WAHMs and SAHMs out there the exact process that I use to make over $10,000/mo online from my home in 2009.

I really want to give valuable information to other WAHMs and SAHMs, so I have outlined a proven business strategy for you to follow.

This has allowed me to have a life of unlimited choices. As a mom and wife, it means I get to travel to exotic places with me family whenever we want. While we are gone, my business keeps running and filling up our bank account.

Sure, you can go find some work at home transcription job that pays $150/week, but if you could use the same time and effort to create a life-changing income for your family, doesn’t that sound better?

I thought so!

Ok, so here’s what I do in a nutshell.

1) Determine what kinds of products/services that people are already searching for online. There are many free methods of doing this research, and it doesn’t take hardly any time at all!

One method is go to eBay and look at the hot trends. You can also go to the Google AdWords keyword tool (just do a search for it) and type in anything that comes to mind. It will then give you a list of all the related keywords that people are searching for online, and will also tell you approx. how many people are searching for them each month.

2) Once you find what markets are hot, you simply need to find a product that solves that need or problem for those people. To do that, I mainly use once resource called Clickbank.com. It is free to join as an affiliate (someone who promotes someone else’s product or service), and they pay out weekly.

Within Clickbank, there are thousands of products that other people have created, which you can promote as an affiliate and get paid a commission from each sale. Commissions are almost always over 50%, and some are as high as 75%!

All you do now is search within their marketplace for a product that fills the need of the market that you just identified.

3) Next, you simply find out where your target audience hangs out online. For example, if you are promoting a dog training course, what are the sites and forums that dog owners are going to?

Maybe you want to get even more specific. If you find a product that is for German Shepherd obedience, then you would simply find the sites and forums that are specific to German Shepherd owners.

4) Finally, all you do then is figure out how to get your offer in front of that targeted audience.

There are several paid and free methods for doing this. Some of the most popular ways include:

* —> Forum & Social Network Marketing. With the right training, you can use communities like Myspace, Facebook, Twitter, LinkedIn, related forums, etc to create a tremendous stream of online income, by just socializing. Also, this method is totally FREE, and very effective.

* —> Article Marketing. Writing short 300-600 word articles relating to your target audience, and submitting them to article directories, is a very powerful tactic that has made me thousands of dollars! This is also a free method!

* —> SEO (Search Engine Optimization). This is the strategy of creating a website or blog around a very specific niche, and then using certain strategies to get your site to rank within the top 5 sites for searches done for what it is you are promoting. This can generate hundreds or even thousands of new visitors a day to your site! All for free!

* —> Pay-Per-Click advertising on search engines. These are like the Sponsored Listings that show up on the right of the screen whenever you do a search for something. You can choose certain specific keywords that will cause your ad to appear when someone searches for it. And you only pay when someone actually clicks your ad.

* —> Banner ads on other people’s websites. You can locate related websites and blogs, and pay a small fee to have your banner ad show up on their site for all their visitors to see.

There are many other methods that I could share, but this gives you a good foundation for how simple it really is.

Conclusion:

That is my entire business model. I stand by my belief that if I can do it, you can do it!

Don’t keep believing that little voice that says it’s difficult to make a living online or that you can’t do it. You CAN do it!

By: Marilyn Vance

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There are no big secrets about creating a successful online business strategy. Creating an effective web presence, driving traffic and integrating the online strategy with the overall business objectives and marketing strategy will address the issue. But, it is essential that you understand these steps in greater detail. The following discussion will help you get started.

Your web presence

Your web presence cannot limit itself to the website. An Internet business plan should also have room for blog comments, forum postings, online directories, article support, email newsletters, podcast, videos and whatever you can grab at to tell the world of your presence. Every single visitor is valuable because you never know who will convert into a customer and when. All these exercises would be fruitful when your website provides a comfortable and pleasant experience to the viewer.

Generating Traffic

If your Internet business design fails to address issues concerning traffic generation, your business can potentially fold up even before it has started. Planning traffic generation has its own peculiarities. Some products and services may have a universal appeal while some others will have more of a local flavor. Identifying target groups and focusing on them will add value to your efforts.

Steering controls

An online business strategy should also clearly define the person or persons who will control the steering. When several functions are required to be performed to translate into business success, competent people should be able to take informed decisions and get the team to implement them. Within the business, if too many decision makers initiate independent actions, that could be asking for trouble for sure.

By: Dale E East

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business strategy

book Keeping and Accounting is something foreign to many, maybe because they never cared to learn it thinking it is just a dull game of recording transactions using unnecessarily complicated terms and methods. Far from it, book keeping and accounting is a logical way of recording transactions in a professional manner so that the information could be used in the ascertainment of many other vital business criteria such as the profits or losses made, who owes you and how much; how much you owe others, or are you carrying enough cash in the business for meeting immediate commitments etc., just to name a few.

Accounting is something that is useful in your personal as well as professional lives, and it would be worth your while to shed your prejudices and listen! Accounting is nothing complex as you have mistakenly imagined. It is based on one of the most fundamental concepts that if one receives something, then obviously another has to give; and therefore every transaction has a two-fold aspect called debit and credit in accounting terms. Maybe this reminds you of one of Newton’s Laws that action and reaction are always equal and opposite.

Fundamentally, the study of accounting is built on (i) The Accounting Equation, and (ii) Double Entry Book Keeping.

(i) The Typical Accounting Equation:
Assets = Liabilities + Equity

(ii) Double Entry aspect of Book Keeping:
The perfect balancing of the accounting equation is guaranteed by this system.

I think it pertinent now to define Accounting as a system of summarizing financial transactions and recoding in such a manner as to facilitate using such records for later analysis, preparation of further financial statements, interpretation of accounts and communication as required.

Now let’s go a little further with the Accounting Equation enunciated above, and move on to its practical implications:

Assets are your possessions (including what others owe you) while liabilities are what you owe others. The difference between the two is called Equity, which includes capital introduced by you (if it is a sole proprietorship) or by shareholders (in the case of a limited liability company) plus or minus any retained profits or accumulated losses respectively. May I also just state in passing that capital introduced is not refundable to anybody and as such it is not a liability. Hence it is called Equity.

Say, you buy a Motor Vehicle for $40,000 for which you pay $25,000 out of your retained profits (or personal savings) and for the balance you take a loan of $ 15,000 from an outsider.

Substituting these values in the Accounting Equation, we have -

Assets (Possessions) = Liabilities (what you owe others) + Equity (Capital/Personal Savings)
$ 40,000 = $15,000 + $25,000

You see one debit of $40,000 is equal to two credits added together ($15,000 + $25,000) = totaling to $40,000.

There could be more complex transactions requiring distribution to more ledger accounts as well as transactions involving only two ledger accounts. Every equation comprises of the double entry with one or a series of debits on one side of the equation equaling one or a series of credits on the other side.

In the two examples given below you will see how the two concepts of Accounting Equation and Double Entry are synchronized:

(i) Settlement of a liability by paying cash $50.
The liability represented by a creditor receives while your cash account gives.
Creditor (debited with) $50 = cash account (credited with) $50

(ii) Receipt of a debt from a debtor who owed you $75.
Your cash account receives while the debt represented by a debtor gives
Cash (debited with) $75 = Debtor (credited with) $75

Earlier we sited one of Newton’s laws to illustrate the concept of double entry in book keeping. At this point we would like to take you back to your algebra lessons way back in grade 8 or so where you were told that if you add something on one side of an equation, that you have to do the same to the other side of the equation too? It’s fair enough – isn’t it? That is exactly what we ask you to do in book keeping too making the double entry equal and balancing.

Double entry book keeping is nothing so complex or weird as to defy fair and reasonable common sense. You can easily grasp the concept of double entry by training yourself to think logically as to who or what gives, and who or what receives in each transaction; and by framing the entries accordingly, while ensuring that the two sides of the equation are in agreement (balancing) and are consistent with common sense.

By: Caleb Anderson

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Accounting

Property is mainly divided into two classes

1. Real Property

2. Personal property

When we talk about real estate we talk about land and anything attached to land permanently. Buildings, farmhouses, ranches, fixtures constructively attached to a building are some of the examples of real property.

Personal property is any property except real property. It includes livestock, furniture, automobiles, and money.

Real estate taxes and personal property taxes:

Real estate taxes are assessed on industrial property or residential property. The taxes are based on the fair market value of the property. Taking interest in the valuation of it is important. There is a direct relation between the value of the property and taxes. The higher the value of the property, the higher will be the taxes.

Owners of real estate have to pay property tax unless exempted by state law due to age or disability. If a leaseholder is leasing real estate from an owner whose property is exempt, the leaseholder is liable to pay taxes. Residential owners, agricultural property owners pay their taxes directly, whereas renters pay indirectly through their rent. Real estate value is assessed yearly by the assessor’s department, and each year in January the assessment notice is mailed to the taxpayer. The notice of assessment is mailed to the business owner also in January each year.

Personal property taxes are assessed only on property that is used in business. The tax payer is liable to file a statement for assessments related to personal property. The assessor has the right to asses the amount of personal property as reasonable and if a statement is not furnished. The local assessor provides a statement form to the business owner as he is required to report the value of the property according to the law.

By: Pauline Go

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What closely is the Foreign Earned Income Exclusion? The IRS defines it like this:

“For this target, distant earned revenue returns you collect for navy you make in an unknown country during an epoch your tax home is in an exotic country and during which you meet each the genuine residence suffering or the bodily aura check.”

On the other lexis, money earned for work performed by those residing overseas qualifies for the exclusion. There are two customs to qualify for this exclusion. One is to be a genuine resident. Taxpayers can quality for this when they are genuine residents overseas for an uninterrupted phase over a whole tax year. The other is to authorize the objective presence examine. This is distinct by the IRS as “if the taxpayer is physically there in a overseas country or countries 330 ample being during a stop of 12 consecutive months.”

Earned takings is clear as the salaries, wages, bonuses and professional fees that are salaried for military performed while running overseas. Therefore, return such as money gains, dividends, royalties etc. ensign while overseas are still lawfully rateable.

However, even although dividends and other unjust earnings are not debarred from taxes, the exotic earned wages exclusion still lowers the time at which these incomes are taxed. For example, if all the taxpayers earned earnings is excluded, their tax liability starts with their unjust revenue. If the full of the unearned wages is minus than their deductions, they still will not owe the IRS any taxes. If the profits exceeds their standard deductions, the tax pace paid should still be reduce since their deducted earned profits does not push unearned takings into an upper tax band.

However, running overseas is not a tax-unbound paradise for most people. The foremost analyze is that, distant from a few exceptions, most countries have wages taxes too and typically tax external employees at the same degree they would tax their own citizens. These toll was sometimes superior to US charge.

Still, in sometimes older areas of the law, distant employees regularly steal under the tax radar. Also, different public tax jurisdictions usually do not work together. With revenue in different countries, it is unlikely any one tax jurisdiction will know the full earnings for any release taxpayer, especially if that taxpayer is a foreigner.

Why does the US government give this exemption? The chief deduced given is the competitiveness of US employees overseas. If overseas US people have to pay US taxes while effective overseas (many nations do not tax their nationals running overseas at all), US personnel will be relatively more luxurious to employ than those from countries that do not tax citizens effective overseas.

Also, while American effective overseas are not commonly using taxpayer funded military, they regularly pump money into the US reduced when the send money back, store on trips to the US and other occasions. Thus, there are monetary advantages provided by Americans working overseas.

The overseas tax exclusion does have obvious tax advantages. However, these advantages are not as great as one might think on first glance, and there are lucrative reasons for bountiful this tax vacation.

By: Karen Watson

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Kansieo.com

When I was younger… I [didn't] want to be pigeonholed… Basically, now you want to be pigeonedholed. It’s your niche. – Joan Chen, actress

A business strategy represents the game plan that your company will use to run its business, gain market share, and conduct operations. This plan of action determines how the company appeal to and satisfy customers, compete effectively, and accomplish managerial objectives. Developing a strategy should mean there is a managerial dedication to follow a specific group of actions that will advance the company’s financial market performance and increase its bottom-line.

How will management grow the business while building a loyal customer base and out competing rivals becomes the perspective for both short-term and long-term goals. In order to boost performance and succeed, each functional piece of the business (research and development, supply chain activities, production, sales and marketing, distribution, finance, and human resources) must be unified in operation. Clearly, management’s choice of strategy should be guided by the mission statement and the vision of the company. The strategic choice made for the company and by the managers speaks loudly… “Surrounded by the countless unique business approaches and ways of competing we might have selected, we have determined to use this particular mixture of competitive and operating approaches in driving the company in the planned direction, increasing its market position and competitiveness, and advancing execution.” Hardly ever are these conclusions regarding strategy uncomplicated and painless for any company, and some of the conclusions may turn out to be mistaken – but that is not a justification for not making a decision on a specific path of action.

When developing a business strategy, your company’s present situation must be considered. Managers should be driven to evaluate the business environment for the particular industry and the competitive forces, the company’s recent performance and market status, its strong points and abilities, and its competitive weak points. Depending on the needs and the vision of the company, managers are forced to set a clear path for direction. By no means it this path absolute. Setting foot on this path of action requires the company strategy to evolve over time with both proactive and reactive activity. Developing the company strategy is in a cinch intended to guide the company in the planned direction while growing the business, and improving financial and market performance. Thus perfecting the company’s vision and empowering the company’s mission statement.

This article describes the five basic competitive strategy options – which of the five to make use of is an important and fundamental choice for any company. In developing this overall strategy, your company is beginning its pursuit for a competitive advantage. The main differences among competitive strategies comes down to (1) whether your company sets aim on a market target that is broad or narrow, and (2) whether your company is pursuing a competitive advantage linked to low-cost or product differentiation.

The five distinct competitive strategy approaches that stand out are below:

The Five Generic Competitive Strategies

1. A low-cost provider strategy – striving to achieve lower overall costs than rivals and appealing to a broad spectrum of customers, usually by under pricing rivals.

2. A broad differentiation strategy – seeking to differentiate the company’s product offering from rivals’ in ways that will appeal to a broad spectrum of buyers.

3. A best-cost provider strategy – giving customers more value for their money by incorporating good-to-excellent product attributes at a lower cost than rivals; the target is to have the lowest (best) costs and prices compared to rivals offering products with comparable attributes.

4. A focused (or market niche) strategy based on low costs – concentrating on a narrow buyer segment and out competing rivals by having lower costs than rivals and thus being able to serve niche members at a lower price.

5. A focused (or market niche) strategy based on differentiation – concentrating on a narrow buyer segment and out competing rivals by offering niche members customized attributes that meet their tastes and requirements better than rivals’ products.

Each of these five generic competitive approaches stakes out a different market position. The decision on which generic strategy to employ is conceivably the most vital strategic commitment for your company. This commitment will drive the rest of the strategic actions that your company agrees to and it sets the entire tone for your quest of a competitive advantage over competitors while “Creating Your Own Lane” in business success.

By: Arthur Horton

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