New figures from the Bank of England show consumer lending falling by a net £0.6 billion in October, with the decline well below the previous six month average of -£0.1 billion.
While credit card lending rose by £0.1 billion other loans and advances fell by £0.7 billion.
However, the Bank said the value of mortgages approved for house purchases rose for the 11th consecutive month to £8 billion in October, up from £7.6 billion a month earlier.
Meanwhile, the Building Societies Association (BSA) has reported a net outflow of savings for the eighth consecutive month.
Balances held in savings accounts at the UK’s mutuals fell by £929 million in October.
After interest credited to accounts is excluded, the sector saw a combined net withdrawal of £1,240 million.
BSA director general, Adrian Coles, comments: “There is little incentive for people to increase savings whilst the Bank rate remains at its current low level, and many may opt to repay debt instead.”
Monday, November 30, 2009
Sunday, November 29, 2009
Dubai crisis prompts central bank to offer extra liquidity
The Central Bank of the United Arab Emirates (UEA) has announced that it is making additional liquidity available to commercial banks, including foreign banks, operating in the UAE.
The facility comes with an interest rate at 50 basis points above three months EIBOR (Emirates interbank offered rate).
The move is linked to debt problems at Dubai World, the state-owned holding company for Dubai’s global investment portfolio.
Neighbouring Emirates, Abu Dhabi, has indicated that it will also be offering assistance to Dubai, on a selected basis.
Dubai World’s financial position came under scrutiny last week when the group asked for extra time to repay a $3.5 billion loan that becomes due in December.
The facility comes with an interest rate at 50 basis points above three months EIBOR (Emirates interbank offered rate).
The move is linked to debt problems at Dubai World, the state-owned holding company for Dubai’s global investment portfolio.
Neighbouring Emirates, Abu Dhabi, has indicated that it will also be offering assistance to Dubai, on a selected basis.
Dubai World’s financial position came under scrutiny last week when the group asked for extra time to repay a $3.5 billion loan that becomes due in December.
IBB marks fifth year anniversary
Islamic Bank of Britain (IBB) will celebrate its fifth anniversary tomorrow, after it became Europe’s first stand alone Islamic retail bank in 2004.
The official celebrations of the bank coincide with Eid, Arabic for ‘festivity’, the second of the year (Eid-ul-Adha) that marks the end of the pilgrimage to Mecca (Hajj).
To this day IBB is the first and only stand alone Islamic retail bank in both the UK and Europe.
During the last five years it has amassed the largest Islamic savings and mortgages range in the UK, and a customer base of over 48,000 including non-Muslims attracted by its ethical and competitive approach.
IBB also has online and telephone facilities to provide customers with a comprehensive service offering.
In addition, Islamic banking has stood up well to the financial crisis due to its disinterest in usury and therefore its lack of SIVs, CDOs and other complex financial products that sowed the seeds of the crisis.
In June IBB was named the UK’s Best Islamic Financial Institution in the Global Finance magazine awards.
Commercial Director Sultan Choudhury has expressed his pride at the firm’s continuing successes, particularly its recent robustness in the face of the financial crisis.
The official celebrations of the bank coincide with Eid, Arabic for ‘festivity’, the second of the year (Eid-ul-Adha) that marks the end of the pilgrimage to Mecca (Hajj).
To this day IBB is the first and only stand alone Islamic retail bank in both the UK and Europe.
During the last five years it has amassed the largest Islamic savings and mortgages range in the UK, and a customer base of over 48,000 including non-Muslims attracted by its ethical and competitive approach.
IBB also has online and telephone facilities to provide customers with a comprehensive service offering.
In addition, Islamic banking has stood up well to the financial crisis due to its disinterest in usury and therefore its lack of SIVs, CDOs and other complex financial products that sowed the seeds of the crisis.
In June IBB was named the UK’s Best Islamic Financial Institution in the Global Finance magazine awards.
Commercial Director Sultan Choudhury has expressed his pride at the firm’s continuing successes, particularly its recent robustness in the face of the financial crisis.
Saturday, November 28, 2009
Deutsche Bank appoints new head of research
Deutsche Bank has announced the appointment of Dr. Thomas Mayer as the new head of Deutsche Bank Research, with effect from 1 January 2010.
In addition Dr. Mayer will become chief economist, and he succeeds Professor Dr. Norbert Walter who is to retire from the bank at the end of 2009, following 22 years with the firm.
Presently Dr. Mayer works in the Global Markets Division as chief European economist, and has been with Deutsche Bank for the last seven years.
Before joining the firm he worked for investment bank Goldman Sachs as an economist, holding a similar post with Salomon Brothers.
Earlier in his career Dr. Mayer worked at the Kiel Institute for the World Economy and IMF.
Chairman Dr. Josef Ackermann thanked Professor Walter for his many years of service to Deutsche Bank, and wished his successor, Dr. Mayer, the best in his new post.
by Richard Kilner
In addition Dr. Mayer will become chief economist, and he succeeds Professor Dr. Norbert Walter who is to retire from the bank at the end of 2009, following 22 years with the firm.
Presently Dr. Mayer works in the Global Markets Division as chief European economist, and has been with Deutsche Bank for the last seven years.
Before joining the firm he worked for investment bank Goldman Sachs as an economist, holding a similar post with Salomon Brothers.
Earlier in his career Dr. Mayer worked at the Kiel Institute for the World Economy and IMF.
Chairman Dr. Josef Ackermann thanked Professor Walter for his many years of service to Deutsche Bank, and wished his successor, Dr. Mayer, the best in his new post.
by Richard Kilner
Friday, November 27, 2009
Banks to be exposed on £1m plus pay deals
The Walker Review is recommending that banks should be forced to make public the number of their employees paid over £1 million per year, although no individuals will be named.
The review, commissioned by the Government to improve the corporate governance of financial institutions, also wants non-executive directors of banks to be empowered to exert greater influence on risk and remuneration policies.
In presenting the review, Sir David Walker said: “Of course major regulatory issues need to be addressed to assure the soundness of the financial system but there will be significant downside if the regulatory pendulum swings too far.”
He added: “Improved governance can play an important complementary role by instilling greater confidence in the way banks are being run by their boards and overseen by their owners. This should help regulators to strike the right balance.”
The Government intends to include the proposed measures in its Financial Services Bill, which will also give the Financial Services Authority (FSA) the power to act where it deems remuneration in the banking sector to be excessive.
In any event, the FSA will assume new powers aimed at ensuring bonuses for senior bank staff are linked to long term profitability, from next year.
As of 1st January 2010, the regulator will be able to limit bonus agreements to one year; in certain circumstances insist they are clawed back and demand that a proportion of senior executives’ bonuses are paid in shares.
US tax authorities move in on UBS clients
Over 500 clients of UBS are being warned that their account details could shortly be handed over to tax officials in the US.
In August, it emerged that US authorities were investigating over 150 clients of the Swiss investment bank in connection with tax evasion.
The figure came to light as a Florida court sentenced former UBS banker, Bradley Birkenfeld, for helping American clients hide their wealth.
At the time, the bank agreed to hand over the names of certain customers including 4,500 account holders identified by the US Internal Revenue Service as potential tax evaders.
UBS clients in the frame have been given 30 days to lodge an appeal against their details being passed on.
While Swiss banks are renowned for their secrecy, under Swiss law they are not obliged to protect the identities of clients who have been involved in fraud.
In August, it emerged that US authorities were investigating over 150 clients of the Swiss investment bank in connection with tax evasion.
The figure came to light as a Florida court sentenced former UBS banker, Bradley Birkenfeld, for helping American clients hide their wealth.
At the time, the bank agreed to hand over the names of certain customers including 4,500 account holders identified by the US Internal Revenue Service as potential tax evaders.
UBS clients in the frame have been given 30 days to lodge an appeal against their details being passed on.
While Swiss banks are renowned for their secrecy, under Swiss law they are not obliged to protect the identities of clients who have been involved in fraud.
Recession encourages more saving and less debt
The difficult economic climate is affecting the behaviour of British people towards savings and borrowing, according to research commissioned by database marketing and consumer insight firm KDB.
The survey shows that over half (56%) of Britons intend to cut their borrowing and almost half (45%) intend to bolster their savings, with the young particularly in favour of saving.
Sixty-eight percent of those in the 18-24 age bracket stated their intent to save more, almost double the 37% of 45-54 year olds with the same idea.
However, the 45-54 year olds are most likely to reduce their borrowing (63%), whereas 18-24 year olds are least likely to do so (43%).
In addition, the English are most in favour of saving, followed by the Welsh and then the Scots, with London the capital of saving and East Anglia the weakest area for more saving.
The results echo similar findings by the Nationwide Savings Index in October, which found that the Index was at its highest level since November 2008.
KDB’s chief analyst, Matt Boot, has described the fact that many are planning to reduce borrowing and increase saving as unsurprising.
Boot went on to suggest that by carefully watching consumer behaviour the financial sector would be better able to tailor their offerings to the public.
Sberbank reports increasing profits
Sberbank has released its financial results for the first 10 months of 2009 so far.
The Russian banking institution saw pre-provisions operating income surge by 27.3% compared to the same period in 2008, with net interest income up 38.4% and net fee and commission income rising by 7.7%.
In addition the firm managed to slice 2.2% from its operating expenses, on a like-for-like comparison.
However, the provisions increased to more than four times those required last year, leading to pre-tax profits of RUB22.1bn, a significant decline from the RUB143.7bn recorded in 2008.
Similarly, net profits fell from RUB113bn to RUB17.1bn this year.
The hugely increased provisions required continue to hamper Sberbank’s net profit margin, however, in recent months this has continually increased.
For the first 10 months of the year net profit was almost double that recorded for the first nine months, a sign of the ongoing improvement the bank is making in its profitability.
The Russian banking institution saw pre-provisions operating income surge by 27.3% compared to the same period in 2008, with net interest income up 38.4% and net fee and commission income rising by 7.7%.
In addition the firm managed to slice 2.2% from its operating expenses, on a like-for-like comparison.
However, the provisions increased to more than four times those required last year, leading to pre-tax profits of RUB22.1bn, a significant decline from the RUB143.7bn recorded in 2008.
Similarly, net profits fell from RUB113bn to RUB17.1bn this year.
The hugely increased provisions required continue to hamper Sberbank’s net profit margin, however, in recent months this has continually increased.
For the first 10 months of the year net profit was almost double that recorded for the first nine months, a sign of the ongoing improvement the bank is making in its profitability.
Iran Defends Its Freezing of Nobel Laureate’s Assets
TORONTO — Iran on Friday denounced charges by the Norwegian government that it had illegally confiscated a Nobel Peace Prize winner’s medal and frozen her bank account, the IRNA news agency reported. Iran called the assertion an interference into its internal affairs and said the winner, Shirin Ebadi, owed money to the government in taxes.
“We are surprised that Norwegian officials can make such hasty and biased comments and disregard the laws and regulations of other countries,” a Foreign Ministry spokesman, Ramin Mehmanparast, was quoted as saying, adding that Ms. Ebadi, a human rights lawyer, had refused to pay taxes on her prize.
Mr. Mehmanparast denied that Ms. Ebadi’s medal, which she won in 2003, had been confiscated, but his comments indicated that her assets had been frozen.
Telstra Expands Asia/Pacific Network
SYDNEY –- Telstra International, a leading global provider of managed network solutions, today unveiled a series of initiatives to deepen its connectivity in key Asian growth markets in Vietnam, Cambodia, Malaysia and Indonesia. As well, the company announced that it has reinforced its dual-PoP strategy to provide enhanced diversity to its network coverage. Together, the expanded connectivity and diverse network coverage address the growing need to support customers with an advanced business continuity capability.
The various initiatives are as follows:
Through a partnership with Viettel, one of Vietnam’s largest full-service telecommunications providers, Telstra International has established its IP VPN Points of Presence (PoPs) in Hanoi and Ho Chi Minh City, allowing multinational customers to access a highly reliable network, and have direct connectivity to branch offices in Vietnam and Cambodia. The partnership also allows Telstra International to offer customers traditional private line and Ethernet private line services in both countries
Expanded services in Indonesia and Malaysia - new PoP infrastructure has been put into the two countries to enable Telstra International to provide traditional private line and Ethernet private line services to customers. Businesses can now access Telstra International’s comprehensive portfolio of services, enjoy assurance through industry leading Service Level Agreements (SLAs) and access the company’s 24/7 NOC support
Telstra International has expanded its dual-PoP connectivity to 7 major countries in Asia, adding to the inherent resiliency and diversity of its global MPLS network. For customers, the enhanced redundancy options mean improved quality and support for real-time services. It also means that network services are highly available with options for proactive network management and advanced business continuity plans
Expanded IP VPN footprint into Malaysia and the Middle East through a partnership with Telekom Malaysia, the largest telecommunications company in Malaysia
The various initiatives are as follows:
Through a partnership with Viettel, one of Vietnam’s largest full-service telecommunications providers, Telstra International has established its IP VPN Points of Presence (PoPs) in Hanoi and Ho Chi Minh City, allowing multinational customers to access a highly reliable network, and have direct connectivity to branch offices in Vietnam and Cambodia. The partnership also allows Telstra International to offer customers traditional private line and Ethernet private line services in both countries
Expanded services in Indonesia and Malaysia - new PoP infrastructure has been put into the two countries to enable Telstra International to provide traditional private line and Ethernet private line services to customers. Businesses can now access Telstra International’s comprehensive portfolio of services, enjoy assurance through industry leading Service Level Agreements (SLAs) and access the company’s 24/7 NOC support
Telstra International has expanded its dual-PoP connectivity to 7 major countries in Asia, adding to the inherent resiliency and diversity of its global MPLS network. For customers, the enhanced redundancy options mean improved quality and support for real-time services. It also means that network services are highly available with options for proactive network management and advanced business continuity plans
Expanded IP VPN footprint into Malaysia and the Middle East through a partnership with Telekom Malaysia, the largest telecommunications company in Malaysia
Thursday, November 26, 2009
3 Kickass Ways To Make Money Online
Are you wondering and scratching your head how to make money online the easy and decent way, are they really works, are they legit and legal, well i have to tell you yes there are lots of ways you can make money with minimal efforts on your part. If you have passion about to make money online the fast way, here we go.
Let's get started right away:
Create Your Website:
This is by far very basic but very effective way to make money online period, why because websites are internet backbone, websites are the building block of the internet but at same time most overlooked method. Due to fancy words like blogs, social media etc nobody paying much attention to website creation presently. I started this way, opportunity are everywhere if you know where to look, good candidates are your nearest shopping center, pizza shop, arts and craft store, insurance agent, realtor, motor mechanic, doctor office, chiropractor to name a few. You contact directly to them or place ad online classified with local listing, trust me it works.
Let's get started right away:
Create Your Website:
This is by far very basic but very effective way to make money online period, why because websites are internet backbone, websites are the building block of the internet but at same time most overlooked method. Due to fancy words like blogs, social media etc nobody paying much attention to website creation presently. I started this way, opportunity are everywhere if you know where to look, good candidates are your nearest shopping center, pizza shop, arts and craft store, insurance agent, realtor, motor mechanic, doctor office, chiropractor to name a few. You contact directly to them or place ad online classified with local listing, trust me it works.
Freelacne and Developer Writer
I know your heard every day this word but believe me it has lots of variation and tremendous potential to make easily money online. Don't be intimidating this freelance word, let explore what you can do as a freelancer, how about logo designer, graphic designer, editing, copywriting, computer programming, design backgrounds for twitter and myspace, proofreading, consulting, indexing and translating etc. Can you see the potential here, brainstorm yourself within no time your mind flooded with long list of unique ideas, just believe in yourself.
I know your heard every day this word but believe me it has lots of variation and tremendous potential to make easily money online. Don't be intimidating this freelance word, let explore what you can do as a freelancer, how about logo designer, graphic designer, editing, copywriting, computer programming, design backgrounds for twitter and myspace, proofreading, consulting, indexing and translating etc. Can you see the potential here, brainstorm yourself within no time your mind flooded with long list of unique ideas, just believe in yourself.
The Top 10 Free Ways to Get Money Online
Finding a free way to make money online isn't easy and might take a lot of time. So, I put together 10 methods of making money online in this post to help you out. I have done research
on these money making methods. They were legitimate and didn't cost you money to begin.
No. 10 - Paid Survey
You might already heard about paid survey if you have searched on the Internet for while. The Internet ads told you that you can make a living doing paid survey. So, is that really true? Well, the answer is of course no. The ad messages were exaggerated. But it's true that paid survey can potentially earn you extra cash in monthly basis.
How to begin?
It's simple. Just go to paid survey directory like Yellowsurveys.com and join as many market research companies listed in the directory as possible. There is also a list of companies that are listed under the 'Most Popular' in the Yellowsurveys.com directory. Make sure you join all the companies in the 'Most Popular' category.
on these money making methods. They were legitimate and didn't cost you money to begin.No. 10 - Paid Survey
You might already heard about paid survey if you have searched on the Internet for while. The Internet ads told you that you can make a living doing paid survey. So, is that really true? Well, the answer is of course no. The ad messages were exaggerated. But it's true that paid survey can potentially earn you extra cash in monthly basis.
How to begin?
It's simple. Just go to paid survey directory like Yellowsurveys.com and join as many market research companies listed in the directory as possible. There is also a list of companies that are listed under the 'Most Popular' in the Yellowsurveys.com directory. Make sure you join all the companies in the 'Most Popular' category.
The signing up process will take you hours of time since you are going to join many companies. But once you've have completed all the sign up, your work is done. What you need to do next is wait for the paid survey invitation emails send to you by these companies. Not every company pays cash to participants who completed survey. Some companies offer vouchers (Amazon, etc), gift and products.
Tuesday, November 24, 2009
Pay Per Lead Affiliate Programs Are The Holy Grail For Beginners
If you are trying to make money online for more than one month, I bet you already heard about affiliate marketing.
It's the fastest easiest way to get started online and make some real money.
What most beginners don't know is that you don't need to sell anything to make money with affiliate programs. You can make money when a website visitor perform an action like signing up for more information or downloading a toolbar or screensaver.
Those pay per lead programs are called Cost Per Action (CPA).
If you are new to CPA programs, let me show you how it works.
It's the fastest easiest way to get started online and make some real money.
What most beginners don't know is that you don't need to sell anything to make money with affiliate programs. You can make money when a website visitor perform an action like signing up for more information or downloading a toolbar or screensaver.
Those pay per lead programs are called Cost Per Action (CPA).
If you are new to CPA programs, let me show you how it works.
Monday, November 23, 2009
Make Money Online – The Opportunities are Enormous
If you have always wanted to work from home, and you have a computer with an Internet connection, then what is stopping you? Many people make money online successfully every day, and there is absolutely no reason why you should not be one of them.
If you are not sure where to start, you may want to begin by reading up about online businesses. You do not have to spend a lot of money to learn everything that you need to know about making money online. As a matter of fact, you may not have to spend anything at all as there are tons of good, free information online (the very essence of the Internet!).
Read as much as you can, use your discernment and do your best to not get sucked into any Internet scams. If something sounds too good to be true, it probably is. You will never make money online without putting in some time and effort, so be aware that running your online business will require some work on your end.
If you are not sure where to start, you may want to begin by reading up about online businesses. You do not have to spend a lot of money to learn everything that you need to know about making money online. As a matter of fact, you may not have to spend anything at all as there are tons of good, free information online (the very essence of the Internet!).
Read as much as you can, use your discernment and do your best to not get sucked into any Internet scams. If something sounds too good to be true, it probably is. You will never make money online without putting in some time and effort, so be aware that running your online business will require some work on your end.
Protecting Yourself From Internet Theft While Making Profit Online
With the recent increase of job loss, plant closings, and layoffs more and more people are looking
for ways that they can earn an income online. However when you are considering a job online you need to also take the time to consider the many different online scams that are out there as well. In order to make yourself more aware you will need to know some of the more common signs.
Most generally money making scams that occur online are usually in the form of incredible and outrageous offers on software and other methods of online business. If you happen to encounter a scheme that seems way to good to be true then chances are you are exactly right. Also you need to be leery of those jobs that state that you do not need any prior experience in order for you to make an astounding amount of money because are probably all scams.
Another thing you need to be on the lookout for is those entire limited product or time offers. These are the offers that like to rope you in with no proof of authenticity and most of the time you will find that you will receive nothing in return except for a loss of cash. There are however, still some legitimate limited slot companies you just need to be sure that you are doing research on the company before you even decide to purchase the product. The money making scams are constantly on the lookout to take advantage of new people just like you.
You should also be aware of those sites that have a wide variety of testimonials from people that have actually claimed to be customers of the client but, these people seem to lack the sufficient information to be able to give you reliable information about the company itself. You need to be sure that you are always doing your own research and be sure that you have a way to check the company’s overall existence and that you have a way that you contact these companies for any questions you may have or extra information that you may be looking for.
for ways that they can earn an income online. However when you are considering a job online you need to also take the time to consider the many different online scams that are out there as well. In order to make yourself more aware you will need to know some of the more common signs.Most generally money making scams that occur online are usually in the form of incredible and outrageous offers on software and other methods of online business. If you happen to encounter a scheme that seems way to good to be true then chances are you are exactly right. Also you need to be leery of those jobs that state that you do not need any prior experience in order for you to make an astounding amount of money because are probably all scams.
Another thing you need to be on the lookout for is those entire limited product or time offers. These are the offers that like to rope you in with no proof of authenticity and most of the time you will find that you will receive nothing in return except for a loss of cash. There are however, still some legitimate limited slot companies you just need to be sure that you are doing research on the company before you even decide to purchase the product. The money making scams are constantly on the lookout to take advantage of new people just like you.
You should also be aware of those sites that have a wide variety of testimonials from people that have actually claimed to be customers of the client but, these people seem to lack the sufficient information to be able to give you reliable information about the company itself. You need to be sure that you are always doing your own research and be sure that you have a way to check the company’s overall existence and that you have a way that you contact these companies for any questions you may have or extra information that you may be looking for.
Saturday, November 21, 2009
Make Money Online – The Opportunities are Enormous
Guest Post by Terrence Taitt
If you have always wanted to work from home, and you have a computer with an Internet connection, then what is stopping you? Many people make money online successfully every day, and there is absolutely no reason why you should not be one of them.
If you are not sure where to start, you may want to begin by reading up about online businesses. You do not have to spend a lot of money to learn everything that you need to know about making money online. As a matter of fact, you may not have to spend anything at all as there are tons of good, free information online (the very essence of the Internet!).
If you have always wanted to work from home, and you have a computer with an Internet connection, then what is stopping you? Many people make money online successfully every day, and there is absolutely no reason why you should not be one of them.
If you are not sure where to start, you may want to begin by reading up about online businesses. You do not have to spend a lot of money to learn everything that you need to know about making money online. As a matter of fact, you may not have to spend anything at all as there are tons of good, free information online (the very essence of the Internet!).
Read as much as you can, use your discernment and do your best to not get sucked into any Internet scams. If something sounds too good to be true, it probably is. You will never make money online without putting in some time and effort, so be aware that running your online business will require some work on your end.
Friday, November 20, 2009
Brute Force SEO Review - EVO II Has Launched!
By Paul Vrieling
If you haven't heard of Brute Force Evo II yet, you have to check this out. It is the most anticipated SEO software ever...and it has just been released!
First off, you can go to Brute Force Evo II to TRY and get in right now. There is a cap to how many people can be members and they do stick to it! It took me a couple months to get in on the
original version (it was full) and this one blows that out of the water! The buzz on this version is HUGE, so it will sell out.
You can test drive this powerful software for a full 7 days for 1 dollar if you get in fast enough! This is being capped off at the first 5,000 people and it WILL sell out.
How do you make money online using this software? It will get your websites to the top of Google and that is where all the traffic is. Traffic equals sales! Simple as that. If you are not on the first page of the search results, forget about getting enough traffic to make sales.
If you haven't heard of Brute Force Evo II yet, you have to check this out. It is the most anticipated SEO software ever...and it has just been released!
First off, you can go to Brute Force Evo II to TRY and get in right now. There is a cap to how many people can be members and they do stick to it! It took me a couple months to get in on the
original version (it was full) and this one blows that out of the water! The buzz on this version is HUGE, so it will sell out.You can test drive this powerful software for a full 7 days for 1 dollar if you get in fast enough! This is being capped off at the first 5,000 people and it WILL sell out.
How do you make money online using this software? It will get your websites to the top of Google and that is where all the traffic is. Traffic equals sales! Simple as that. If you are not on the first page of the search results, forget about getting enough traffic to make sales.
Thursday, November 19, 2009
InternetMarketing.com - The Place to learn What You Must Learn to Make Money Online Successfully
Do you know that there is one skill you must learn in order to make money online. Without the skill, you will not succeed on the Internet. There were quite a number of lucrative money making opportunities such as blogging, affiliate business, online & and eBay selling, freelancing, membership business, etc. Most of these opportunities provide high earning potential and require minimal start-up capital to begin. But, to succeed with any of these e-business models, you need the one most important skill which is?Marketing!
Yes, marketing is the most important skill you must learn. Only with marketing, your online money making venture can grow and generate more and more money for you.
OK. Marketing… What a boring topic I need to learn, you say. No! no! no! It is not the marketing you are thinking.
Wednesday, November 18, 2009
Make More Money in the Coming Holiday Season
Posted by Alan Liew
Is your e-business ready for the holiday shopping season? It’d better be as the online holiday shopping season begins the day after Halloween.
Holiday web sales keep growing every year as more and shoppers go online. Online retailers that don’t get ready for the holidays can expect to loose lots of holiday web sales to their competitors.
Preparing for the holiday rush isn’t hard. You know it’s near and its time to start preparations. Even if you start preparing in October or November you can still get ready in time to get your piece of the holiday web sales. The peak of the holiday shopping spree online is between December 5 and 10.
Holiday web sales keep growing every year as more and shoppers go online. Online retailers that don’t get ready for the holidays can expect to loose lots of holiday web sales to their competitors.
Preparing for the holiday rush isn’t hard. You know it’s near and its time to start preparations. Even if you start preparing in October or November you can still get ready in time to get your piece of the holiday web sales. The peak of the holiday shopping spree online is between December 5 and 10.
Tuesday, November 17, 2009
Is This Common Mistake Holding You From Making Money?
I always ask my students: “What is your target market?” And many times I receive the answer:
“My target market is everybody.”
Then, I have to explain to them how that approach will make them fail and the importance of targeting a small niche. For this reason I want to share with you this article, so that you don’t make that same mistake.
Your product needs to be special. It has to fit the needs of a specific group. Narrow down your potential market or it will become too much. Consider it: you sell glue. OK, what kind? What is it for? Who needs it? Why?
“My target market is everybody.”
Then, I have to explain to them how that approach will make them fail and the importance of targeting a small niche. For this reason I want to share with you this article, so that you don’t make that same mistake.
Your product needs to be special. It has to fit the needs of a specific group. Narrow down your potential market or it will become too much. Consider it: you sell glue. OK, what kind? What is it for? Who needs it? Why?
Why the Blogging Turtle Beats the Blogging Hare Every Time!
I have to admit, I started my blog - Residuals and Royalties with a passion and conviction to become one of the top bloggers in the "make money online" niche. I had a great Wordpress design and I was posting every day. Like the hare in the old children story - I started out fast! I was excited to see my blog gaining traffic and for months I kept posting at an amazing pace. Then when I noticed that I was not making the money I had hoped, in fact I was not making much money at all - I did what most bloggers do. I quit. I stopped posting almost altogether. I may have added a post here and there - but that initial drive was gone. This is the reason why I am not a top blogger and if I plan on becoming one - I better start acting more like the turtle.
Being like a turtle requires a slow steady pace of building inbound links to my blog and posting at least 3 times a week. Consistency is the key to success. I just wish someone would have told me that a year ago. The fact is - if you want to be like Shoemoney, Darren Rowse or John Chow - you have to be consistent.
Being like a turtle requires a slow steady pace of building inbound links to my blog and posting at least 3 times a week. Consistency is the key to success. I just wish someone would have told me that a year ago. The fact is - if you want to be like Shoemoney, Darren Rowse or John Chow - you have to be consistent.
Sunday, November 15, 2009
Top 5 Things You Need to Know about Online Surveys
Online paid surveys are becoming very popular among teens, stay-at-home moms, retired persons and everyone who wants to earn some extra par time income. Every day thousands of people register online to various survey sites and hope for a decent part time income. But unfortunately only few of them make enough money online.
Why is it so? The only reason of this is, most of them don’t know anything about online surveys, their methodology, legitimacy of survey sites and which site to join. So first of all, let’s talk about some basic points about online surveys.
Why is it so? The only reason of this is, most of them don’t know anything about online surveys, their methodology, legitimacy of survey sites and which site to join. So first of all, let’s talk about some basic points about online surveys.
Tuesday, November 10, 2009
Increase Your Conversion Rate by Tracking What Your Visitors are Doing in Your Website
Posted by Alan Liew
There is a new tool called Visitor Spy which was recently launched by Matt Callen you might be interested on. The tool can improve your conversion rate.
Whether your goal is to generate sales, leads or AdSense advertising revenue through your site, conversion rate is your main concern. Knowing well your visitors' movement, action, clicks and the area they always focus on in your site will enable you to make the right changes on your site to fit the visitors' needs and subsequently boost up your earning.
Let say if you want to do well in AdSense, you'll need to put your AdSense ads in the locations of your pages where your visitors will always click links in. Visitor Spy will let you know that good locations.
There is a new tool called Visitor Spy which was recently launched by Matt Callen you might be interested on. The tool can improve your conversion rate.
Whether your goal is to generate sales, leads or AdSense advertising revenue through your site, conversion rate is your main concern. Knowing well your visitors' movement, action, clicks and the area they always focus on in your site will enable you to make the right changes on your site to fit the visitors' needs and subsequently boost up your earning.
Let say if you want to do well in AdSense, you'll need to put your AdSense ads in the locations of your pages where your visitors will always click links in. Visitor Spy will let you know that good locations.
Friday, November 6, 2009
How To Earn Money From Youtube
Youtube is the most popular video-sharing site online. Many people have already benefited from its services. Talented individuals who used to be unknown in the music industry and show
business have risen to popularity by simply posting a video on Youtube showcasing their special talents. Many businesses use Youtube to widen their product market reach. Youtube is indeed a free site and it gives many benefits to the people using it. Some of us may have read a few articles on how we could earn money from this site. Others may be totally unaware that earning through this site is possible. There are two ways on how we could do it – directly and indirectly. This site is used as a channel by those who want to earn money online, from individual bloggers to highly successful internet professionals.
Youtube Partner Program – video producers whose created videos have gained popularity and those who consistently submit videos on a regular basis can apply for the Youtube partner program. Youtube also sends invitation to some active content producers to participate in this program. It is required that the video you submit is your original creation. Once accepted, you will have the opportunity to earn money from their revenue-sharing program. You will earn a share monthly from the revenue of the ads on your videos.
Monday, November 2, 2009
Seven Powerful Tips for Affiliate Marketers
Guest Post by Dante Valentino
Affiliate marketing is a very interesting topic. Many people perceive it to be very easy but the fact is that it takes time and effort just like any other kind of business. It really gets lost in translation because of the many successful affiliates who are already making tons of money and
showing you their Clickbank screenshots saying how easy it is. When in reality most of them had to pay their dues to become successful and that is what it's all about.
The truth about affiliate marketing is that as easy as it is compared to other kinds of businesses it really does require hard work. So follow these seven tips to ease it up a little.
1) Pick a plan and stick with it. Actually writing down a solid action plan can get you more focused rather than just going at it blindly. There are so many different affiliate strategies that you can easily get lost, so having a plan will keep your thoughts organized and be more effective in the long run.
Affiliate marketing is a very interesting topic. Many people perceive it to be very easy but the fact is that it takes time and effort just like any other kind of business. It really gets lost in translation because of the many successful affiliates who are already making tons of money and
showing you their Clickbank screenshots saying how easy it is. When in reality most of them had to pay their dues to become successful and that is what it's all about.The truth about affiliate marketing is that as easy as it is compared to other kinds of businesses it really does require hard work. So follow these seven tips to ease it up a little.
1) Pick a plan and stick with it. Actually writing down a solid action plan can get you more focused rather than just going at it blindly. There are so many different affiliate strategies that you can easily get lost, so having a plan will keep your thoughts organized and be more effective in the long run.
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