The Global Neighbor Project | Finance Ideas

Archive for August, 2011

If you write articles for your website, try not to include the affiliate links in the body of your articles: it will give the impression that you have a vested interest in recommending them. You want your visitors to trust your advice, so don’t turn your article into an excuse to promote products and make a commission.

Other ways to get your website noticed are to use article promotion and link exchanges. With link exchanges, you would ad text or graphic links of other related sites onto your site, and they would ad your site information onto their site. This will get your site noticed by more people and will improve your search engine ratings.

Instead of buying links, get one-way links from blog search engines and directories, as well as getting your RSS feed content displayed at other sites.

3 Money-Making Reasons to Display Your Newsletter on Your Website

Seeing is believing. Unless your website visitors can experience your newsletter and appreciate its value, they’re unlikely to join your opt-in, email list. By posting your newsletter on your website, you encourage more visitors to subscribe and you drive more profitable traffic to your website each month.

- Growing your opt-in email list is one of your most important goals. Your success depends on encouraging a high percentage of website visitors to provide their email addresses and permission to contact them for free via email. Most websites expect visitors to opt-in to email lists without first providing an opportunity for visitors to ‘test drive’ the newsletter. This is like wearing a blindfold when shopping for a car! Thumbnails, reduced size images of newsletters, are not the answer. Visitors are not able to read the value of its information before signing up. As a result, only a small portion of website visitors subscribe and – of those that do – many quickly unsubscribe.

- Your second biggest goal is to monetize your educational One-Page Newsletter by generating immediate sales. For the first time, you can display your newsletter in the context of other text and graphic elements on a web page. Next to your newsletter, for example, you can display links to promotional coupons or links to special offers described on other pages of your website. This is important because fewer and fewer firms are distributing formatted newsletters as email attachments. Instead, they are driving traffic to their website each month by sending short emails announcing the page on their website where they have posted the latest issue. You can now easily convert this traffic into sales!

So many people have hopes and aspirations outside of their cubicles, but they seldom have the chance to explore these avenues because work and family commitments clash to severely leave any extra time for themselves.

You must consistently keeping up the habit of learning to grow your mind. This is the place where it can make you rich or the other way round. What is Duvet Dollar? See my Duvet Dollars reviews.

Before spending a lot of time and money marketing an affiliate program, always check it out first. There are a number of ways to do this.

- The third money-making reason for displaying your newsletter on your website is higher readership. More visitors to your website will likely read your newsletter because they don’t have to first download it. This leads to more sign-ups. The more attractive and informative your newsletter, the more likely visitors will sign-up to receive it. You can prove the consistent high value of your newsletter by adding descriptive links to earlier issues.

Although Acrobat Reader PDF format is ideal for distributing newsletters with typography and formatting intact, it is not useful for previewing newsletters.

Macromedia’s Contribute 2 is a software program that incorporates Flash Paper technology. With Contribute 2, you can easily add a readable, zoomable and printable version of your formatted newsletter to a page of your website.

This means that visitors to your website, without doing anything else, can immediately read and print your newsletter. The newsletter on your website will be an exact replica of the original.

Flash Paper versions of your newsletters complement Acrobat versions of the copies you print on your office printer. For the first time, you can combine the credibility and constant visibility of educational newsletters with sales created by free, targeted promotional messages.

I’m connected to the Internet, I joined a program, now is the money going to pour in? That’s as far from the truth as you can get but to some people, that’s how it works. It seems that for many they think that all they have to do to generate income is to get online, join this and Holy Smokes, can I borrow your truck, I need to go to the bank to make a withdrawal.

Six Figure Income Marketing Group (SFIMG), are an international organization based in Nebraska, USA. The company is registered with the Better Business Bureau and has launched officially in July 2000.

Making money online is not scary. Making money online is not hard. Making money online is smart. The opportunities exist for businesses willing to get out there and try. Take the leap into the technological age and make money online. You will find you are among a growing community of individuals who have chosen to be their own boss and achieve their own goals.

HOW TO predict the Future ?

by studying the Past (Technical Analysis):

1) The best traders don’t discount one or the other but understand that having an understanding how the fundamentals influence market sentiment gives him/her an edge over those traders who don’t.

2) In my opinion, TECHNICAL analysis is the easiest and most accurate way of trading the FOREX market.

3) “The number’s don’t lie” – all available information and its impact on the market, are already reflected in a currency’s price.

4) Prices move in trends – the foreign exchange market is mostly composed of trends and therefore a place where technical analysis can be very effective.

5) History repeats itself – over time, certain chart patterns become consistent, predictable and very reliable. The question is SEEING them.

PRICES MOVE IN TRENDS

The traders who don’t believe this obviously have no need to implement a trading methodology on technical analysis. But, research has shown that those who trade “with the trend”, greatly improve their changes of making a profitable trade.

Finding the prevailing trend will help you become aware of the overall market direction and offer you better visibility,especially when shorter-term movements tend to clutter the picture.

HOW does technical analysis help to determine what the trend is and HOW to trade with then trend versus against it?

Even though, you learn you how to use and read various technical indicators to identify a long- term trend, spot predictable chart patters and use certain rules to enter and exit a high-probability trade, and even though a ll this involves sound logic, parameters, methods, formulas, data, and research, these technical indicators, by themselves, are not the Holy Grail of FOREX trading.

It takes discipline and emotional control to stick with trading following through the inevitable market ups and downs. Keep in mind, good technical traders expect ups and downs.

Which technical indicators are the BEST?

NONE – technical indicators should simply be components of your overall customized, personalized trading system, and not a stand alone system.
The objectives as a FOREX Technical Trader are:

1) To figure out the price action of the currency pair. Price is the main concern. If the EUR/USD is at 1.2224 and goes to 1.2020, 1.1980, 1.1940- the market is in a down trend.

Despite what every technical indicator might predict, if the trend is down, stay with the trend. Indicators showing where price will go next or what it should be doing are useless.

A trader should only be concerned with what the market is doing, not what the market might do. The price tells you what the market is doing.

2) Always remember that technical indicators are only giving you confirmations based on what the market is telling you. So listen to the market and let it tell you which method, strategy or techniques you should use.

‘Accounting for a Better Life’ is a book in which John Passmore proposes a new, simplified and fun approach, to home and personal bookkeeping and accounting.

The new methods, based on what he calls, domestic well-being accounting, enable people to gain control of their personal and domestic, financial affairs. The system provides the necessary visibility so that users will know exactly what their money is being spent on, and how well balanced their spending is, in relation to its distribution.

The balance is across basic domestic needs and responsibilities, discretionary spending on holidays, leisure and entertainment, and provision for future well-being. Knowing about the current and past spending patterns, users can determine where and by how much, changes might be needed. Budgeting and associated feedback, facilitate the monitoring of such financial planning.

The author believes the new methods have the potential to be adopted as a formal, sub-discipline of business accounting, eventually perhaps, with suitable certificates and diplomas for those who learn how to use it successfully.

With such recognition, the motivation for appropriate investment from industry and the state becomes real, so that domestic accounting, its further calibration and an associated training infrastructure, can all be further developed and refined.

He proposes that in time, such methods should become an established part of the school curriculum. Through this, youngsters will be able to achieve the best possible foundation to accept and take on the financial responsibilities that are associated with success, in modern life.

In the prevailing UK situation, of a very severe debt crisis, the new approach, almost in passing, provides the required visibility on the state of a family’s financial affairs, to provide warnings of potential difficulties so that the necessary defensive actions can be taken, to prevent falling into the debt trap. For those already experiencing some debt, the new methods provide the necessary visibility on their finances to facilitate the required planning and control, required to best manage debt recovery.

If people realized the extent and value of the average, domestic, cash turnover, in the course of a lifetime, it seems amazing that serious, financial management is not already, demanded. If an equivalent, small business, with similar turnover was not effectively managed, the owners would probably have shareholders, accountants and Company House, knocking on their doors.

Accounting has traditionally been thought of as a rather boring, difficult and tedious activity by most people. It is also recognized as somewhat of a challenge, in considering the length of training required to achieve professional status, as a Chartered Accountant, or similar.

Having started to manage his own accounts at home, soon after the arrival of the PC, in the late eighties, John Passmore tried to adapt the traditional, business-oriented way of using accounts, with all the usual, end-of-period reports. He uses commonly available, general purpose software, an accounting package (Microsoft Money) and a spreadsheet package. He has adapted the maturity of double entry accounting and has also had to ensure his methods could cope with multiple currencies in use, whilst working overseas for thirty years.

Although it was basically satisfactory, in so far as it produced the overall figures on net worth, John realized two things; first, the traditional business focus and motivation on profits and shareholders’ value, understandably, had little relevance to the domestic situation, and second; there was no visibility on the nature of the bulk of the day-to-day, domestic income and expenditure. In addition, the terminology and the overall style of business accounting, he found, not at all conducive to successfully and easily running accounts, for a home environment.

Over a decade, John Passmore has gradually evolved a new approach to personal and domestic accounting. At a fundamental level, he has made everything much easier to understand and use. This was achieved by a range of simple techniques, such as rigorous naming conventions and a simplified version of the so-called, accounting equations. More importantly, he introduced a new focus for home and personal accounting, which he calls, domestic well-being. Essentially, domestic well-being, or DWB, provides a hierarchical structure for defining and recording, the increases and decreases, making up day-to-day, domestic financial activity.

At the top level, there is a 3-way split into Basics, Discretionary and a catch-all, of Others.

The Basics are sub-divided into Essentials (utilities, food and drink, clothing, health, etc.), Responsibilities (taxes, mortgage, licenses, maintenance, insurance, etc.) and Family (presents, and personal commitments, etc.). Similarly, Discretionary includes asset purchases and sales, Nice to Have (holidays, leisure, entertainment, etc.), Investment for the Future (Home improvements, pension contributions and other investments, etc.). Others are for uncontrolled changes, such as prizes, inheritance, gains and appreciation, fines, losses and depreciation, etc.

This DWB structure is used as the basis for the domestic reports and for categorizing all the transactions, as they entered into the accounts, as part of bookkeeping.

A sub-title of his book ‘Accounting for a Better Life’, is ‘Gain Control of Personal Finances’. Following an overview of control and a comparison of a number of typical control environments, the book describes how control can be applied to financial situations. The visibility now afforded by DWB means that a new set of financial reports can be defined. These replace the business style, Trading Account, Profit & Loss Account, Balance Sheet and Cash Flow Statement. The new set of statements, tailored directly for the domestic situation, include the Domestic Well-Being Statement, the Domestic Balance Sheet and the Domestic Cash Flow Statement.

Readers will be generally aware of the typical, business ratios such as Gross and Net profit margins, Return on Capital Employed, and over twenty other ratios. Although vital for management and control in business, these ratios have absolutely no bearing on domestic finances. However, with the visibility provided by DWB, a whole new group of Domestic Financial Factors suddenly become evident. John has defined five, major new factors and a host of secondary factors. For example, the Basic Cost of Living Factor (BCLF) is the ratio of Basic Domestic Decrease to Total Household Increases, whilst the Well-Being Contribution Factor (WBCF) is the proportion of Discretionary Domestic Decreases, compared to the Total Household Increases. These factors provide the yardsticks, by which various characteristics of domestic life can be both qualified and quantified.

These factors open up new areas for comparison, measurement and control of domestic, financial situations, based on family size. Their real benefit however, has to await calibration and an accumulation of data, so that a parallel can be achieved with the business concepts of comparison to industry averages, or norms. The domestic averages will have to be built-up, over time. In the future, a BCLF 3 of 0.43, for a family of three for example, could be compared with the value of the factor, found for other families of three, across regions, or internationally, across continents.

Even without this capability until later, other forms of financial control suddenly become immediately feasible, in a practical way. For a start, with the new visibility provided, balancing or redistribution of expenditure across the Basic and Discretionary categories for example, now becomes possible, with due attention always being given to Investment for the Future (IFF).

John Passmore provides the necessary background and information for anyone to get started with setting up and running their own, domestic accounting system. Because of the simplification and visibility provided, which gives relevance to the financial activities of each and every domestic environment, with its own character and content, the author believes he has developed a system which can be fun to use. Once familiar with the set-up, a couple of hours a month is all that is required to keep the bookkeeping under way; and a couple of half-days at the end of any financial year, to produce the annual reports, should be all that is required at that time.

With basic computer literacy, access to a computer with preferably, an on-line connection, and maths competence, no higher than GCSE level, John believes that benefits are potentially available for a domestic situation with a shared annual income, of around £20,000 and upwards. It will also be appropriate for accountants in their work on behalf of domestic clients.

A sense of personal responsibility towards the members of the domestic situation is paramount.

The benefits are that with the accumulation of a few months’ worth of figures, a realization of the actual spread and balance of the family outgoings will become apparent. With this, decisions can be made on any changes required to the pattern of financial activity, in order to obtain a better balance. The whole purpose is to achieve an overall and improved sense of domestic well-being.

With the new-found information, family members will know in detail about what has to be done in order to achieve a better life-style. Accounting, in itself, will not achieve this. Discipline will be required to change spending patterns to obtain the desired changes. The new accounting system can help keep track of progress, using budgets and targets. In this way, users will obtain early warnings of where and when they are not keeping to target, so that concerted efforts can be directed at coming back, on track.

This authoritative book, written with rigor and thoroughness is being published by Matador, Troubador Publishing Ltd (http://www.troubador.co.uk) and further information can be found on the author’s web site at http://www.dwba.co.uk