An article found from http://multiebook.com/, information on how to sell products via online.
How to sell online? How to sell products online and make money on the internet? Here we will guide and give you some information and guidelines on how someone or anyone can run a profitable online internet business and sell their own products online. You can sell any of your own products online from a big product to a tiny product such as your car, house, land, book, ebook, software, photos, music, art or selling any stuff online.
Basically, you have 2 options to make money online, whether to sell your own products online or sell other people products online. Before you begin to sell any product online, the information and guidelines on this site are important for you to obtain all the facts about how to sell products online, sell online and make money on the internet. Starting your online internet business and sell products online is easy, but you have to realize that promoting your web site to drive traffics and sales is not easy as starting online internet business and sell your products online unless you follow the guidelines... I'll tell you later.
Sell Products Online Divided Into 3 Categories:
a. selling physical products online such as cars, bikes, house or sell any handy product on the internet such as hand phones, books, pets, art or selling stuff online.
b. selling downloadable products online such as ebooks, software, music, photos or games.
c. selling service online such as tickets agent, real estate agent, car insurance agent or credit cards agent.
Check it under Products to get more information about how to sell physical products online..?, how to sell downloadable products online..?, how to sell service online..? and how to sell other people products online..?.
To establish online internet business - sell products online and make your own real money on the internet, you need to follow some steps. But why should I establish online internet business, selling products online and make money on the internet? That's simple...
1. Sell products on the internet from home.
2. Time Freedom.
3. Be your own boss
4. Sell products online potential income is virtually unlimited.
The 8 Steps Guidelines to Establish Online Internet Business - How to Sell Products Online?
Sell Online and Make Money on The Internet.
Step 1: Domain Name
How to sell products online? In fact, to start your online internet business, sell products online and make money on the internet you need to register your own domain name. Domain name is the virtual name for the specific internet web site address, such as iPower or iPowerWeb. You can pick any unregistered domain name or buy domain name that related with your business and easy for your visitors to remember. If you are serious about online internet business, sell products online and make you own real money on the internet, you need to gain some respect from your visitors by having your own domain name, but not a free domain name. Anyway, Brinkster offers you free domain name and free web site with no ads plus web side builder.
Domain Name How to Check Domain Name
Step 2: Web Site
When we talk about how to sell products online or sell products on the internet, essentially the web site is a necessity. The web site is the page that people will see when they type in your web site's URL or domain name. To establish online internet business, sell any product online and try to make real money on the internet, you need to focus about the type of web site you want to build because it has a great impact on the type of web hosting you need. The design and layout of your web site is the next most important part of building a web site. No matter how great your content is or how much money you have spent on the internet for advertising. If your web site looks bad no one will visit and definitely you won't sell any products on the internet and you can't make money on the internet.
Web Site How To Download FileZilla Client FTP Into Your Computer How To Install FileZilla Client FTP On Your Computer How To Upload Your Website Into Internet
Step 3: Cheap Web Hosting Service Provider
If you want to run online internet business and sell products on the internet, then you need a good and cheap web hosting service provider to host your web site such as Brinkster, Visionwebhosting or Globat. Web hosting service provider, is the company that will make sure your web site is running 24 hours a day and 7 days a week. This feature is important to ensure your web site can sell products online and make money on the internet while you are sleeping, then to get their service you might need to pay them on a monthly basis or yearly basis. If you are running online store or sell huge products your need E-Commerce Hosting Provider. If you sell less products you will need Web Hosting Service Provider. Some Web Hosting Service Provider also offer E-Commerce hosting solution. The pricing varies widely here and look for the cheapest one to suit your budget.
What is Web Hosting Service Provider? How to Check Domain Name Register Web Hosting Package
Step 4: Email Account
E-mail is much cheaper than most other forms of communication and much faster than a letter. Deal with online internet business, sell any product online and make money on the internet, email accounts are important as your opt-in email marketing tools. Email lets you deliver your message to your customers or visitors. In fact, when you are establishing online internet business, sell products online and make money on the internet, you need to have several email accounts. You can get free email accounts from Yahoo.com, Rediffmail.com, Google.com or Hotmail.com.More details
Step 5: Autoresponder
Autoresponder gives you the most cost effective strategy to market your products. Establishing online internet business, selling products online and make money on the internet definitely you need autoresponder such as Aweber Autoresponder, GetResponse Autoresponder or QuickPayPro. Autoresponder automatically sends emails to everyone who requests further information about your products. An Autoresponder lets you respond immediately when the visitors need it. The autoresponder is working 24 hours a day and 7 days a week. Each autoresponder can contain an ordering information or your products information along with complete ordering instructions. You can deliver your free ebooks, newsletters, blogs, press kit, articles, or just about any other text information very quickly.
What is Autoresponder?
Step 6: What Product to Sell Online?
What product to sell online? How to sell online and make money on the internet without a product? The simple fact is, when you go into online internet business and try to sell products online for yourself and you want to make real money on the internet, you need to sell something online whether products or services. You can sell downloadable products or sell physical products. For the beginning you should have at least one product to sell online. Ebook is the best products to sell online. Sell online is easy! If you don't have a product to sell online, you can sell other people products online . Picking up the right product is important for your visitors to ensure they get what they want.
How to Sell Products Online How to Write and Create Ebook How to Sell Ebook Online Selling Physical Products Selling Download Products Selling Services Selling People Products Affiliates Program
Step 7: Merchant Accounts & Credit Cards Processor
How do I accept credit cards payments on the Internet when someone buy my product...? Definitely, to sell products on the internet you need to register with Merchant Account or Credit Cards Processor. Once you registered with them, you can place a simple Merchant Account link or Credit Card Processor link on your web site, then you can start your online internet business and sell products online immediately. Merchant Account or Credit Cards Processor is one of the ecommerce services that allows sellers to conduct business and accept payments on the internet from local and international buyers. Most Credit Cards Processors are free but to get the Merchant accounts service you need to pay them on a monthly basis or yearly basis. For those just starting their online internet business and sell products online, you are recommended to choose Credit Cards Processor to accept credit cards payment on the internet such as PayPal and PayDotCom for the Merchant Account. PayPal or PayDotCom will take the orders for you and then send your money directly to your bank account. You simply can't compete if you don't accept credit cards on your web site.
Merchant Account
Step 8: Promote Your Web site
Your web site is up and running. You have your own domain name, web hosting provider, emails, your autoresponders are working properly, you have the products and you can accept credit cards. Now your online internet business is ready to sell products online and make real money on the internet, so where are the visitors? Where are the buyers? To sell products online, you need to promote your web site or products by submitting your web site to Search Engines, web site directories, Pay-Per-Click Search Engines, create your own blog and submit it to blog directory, write or publish your own newsletters such as ezines and articles and submit them to related newsletters directory or subscribe to any related ezines and articles and participate in Forum and discussion groups. Remember... Promoting your web site to drive your traffics and sales is not easy as starting online internet business - sell products online and make money on the internet..! Promoting your web site is possibly one of the hardest things to do successfully online!
Submit your web site to Search Engine Pay-Per-Click Search Engine Blog Directory Ezines and Articles Directory Forum and Discussion Groups
Wednesday, April 1, 2009
Tips for money making hobbies
This is one of the my favourite article i found very useful for you who wants to make money via the hobbies. (http://www.getrichslowly.org/). Enjoy it!
You can make money from your hobby. Whether you knit, or write, or make photographs, or grow a vegetable garden, or tinker with cars, or build web sites, or collect ancient coins — you can make money from your hobby.
I’m not saying it’s possible to get rich by playing your violin at weddings, or by weaving baskets from pine needles, but earning money from a hobby is a nice way to get paid for doing something you would do anyhow.
This article is the first in a series that will explore how to turn a hobby into a source of side income. In the weeks and months ahead, I’ll describe general best practices, discuss potential pitfalls, and provide case studies culled from my friends, and from the stories of readers like you. (If you’d like to share your experience, please drop me a line.)
First, by way of introduction, here are some ground-rules for making money from hobbies.
a. Focus on something you love
Pursue something you’re passionate about. Choose a hobby that you enjoy, and find a way to make money from it. Don’t choose a hobby simply because it might make money and then dive into it with that aim in mind. You should be doing this hobby because you love it; any side-income should be secondary.
b. Be creative
If you’re interested in making money from a hobby but don’t know where to start, think outside the box. What skills do you have that others don’t? Define the term “hobby” broadly. Find something that you can do that most others cannot, something for which other people might be willing to pay.
At my day job, I have a customer whose wife loves to cook. She turned this hobby into a part-time job as a personal chef. She prepares meals in advance for wealthy clients. She spends a few hours a day preparing a week-long menu for people who pay her handsomely for her time.
I have a friend who likes to travel. One day he discovered that he could subsidize his journeys by writing about the places he visited, and by taking photographs. Now every couple of years he takes an all expense paid vacation. He’s doing something he’d do anyhow, and it doesn’t cost him a dime.
c. Don’t force it
Your hobby will not make you rich. In most cases, it won’t even net you enough to allow you to quit your day job. It’s quite possible, however, to earn enough money to make the hobby self-sustaining, to keep yourself in new tools and equipment.
My brother builds speakers and works with audio equipment as a hobby. He makes some money at it. (”Spending money,” he says.) Jeff notes, “It’s not hard to make money from a hobby. What’s difficult is trying to turn it into an actual business. Moving from a hobby to a business is a pain-in-the-ass.”
Often when you try to take your hobby to the next level, the joy goes out of it. Suddenly the extra income just isn’t worth it. When I tried to turn my computer-building hobby into a business, I hated it. There’s a balance to be achieved, and if you can find it, you can have a fun while earning extra income.
d. Don’t underestimate your ability
It’s easy to discount your abilities. When you truly love something, your prolonged experience can give you skills and knowledge that you don’t appreciate.
For example, I have a love for early 20th-century American pop culture. My brain is filled with facts and anecdotes about once-famous recording artists. I sometimes find myself under the impression that everybody knows who Billy Murray was, or is familiar with the song “Ukulele Lady”. But this isn’t common knowledge — it’s specialized.
e. Market yourself
This can be difficult. In order to actually earn income, you need customers. But just as most people have a tendency to underestimate their abilities, they also tend be uncomfortable with self-promotion.
There’s no shame in mentioning your money-making hobby to friends, family, and neighbors. You needn’t be pushy. Just mention it at natural points in the conversation. If you’ve decided to do some woodworking for cash, mention this when your uncle mentions he wants to buy a new bookshelf.
Marketing can be subtle, but it’s an absolute necessity if you hope to earn money from your hobby. People need to know you’re available before they can hire you.
f. Hone your skill
Practice, practice, practice. The more time and energy you’re willing to devote to your hobby, the better you will become. The better you become, the more likely that you’ll be able to earn money from it.
Photography is a terrific example. If you’re willing to make a hundred images a day, you can improve your skills quickly, especially if you teach yourself about composition. You may never become a professional photographer this way, but you can develop your skill to the point where you can sell images to stock photo agencies, or enter (and win) photography contests.
Some people are born with natural talent. Most of us have to work at it.
Conclusion
Why should you care about making money from hobbies? Remember: the wealth equation has two sides. You accumulate wealth by reducing expenses and by increasing income. Often we only focus only on our careers when it comes to “increasing income”. But there are other ways to make money. One of the best is to harness a hobby.
This is an especially good technique if you’re stuck in a low-wage job. And sometimes a person can turn a money-making hobby into a career. Who doesn’t want a job doing something he loves?
You can make money from your hobby. Whether you knit, or write, or make photographs, or grow a vegetable garden, or tinker with cars, or build web sites, or collect ancient coins — you can make money from your hobby.
I’m not saying it’s possible to get rich by playing your violin at weddings, or by weaving baskets from pine needles, but earning money from a hobby is a nice way to get paid for doing something you would do anyhow.
This article is the first in a series that will explore how to turn a hobby into a source of side income. In the weeks and months ahead, I’ll describe general best practices, discuss potential pitfalls, and provide case studies culled from my friends, and from the stories of readers like you. (If you’d like to share your experience, please drop me a line.)
First, by way of introduction, here are some ground-rules for making money from hobbies.
a. Focus on something you love
Pursue something you’re passionate about. Choose a hobby that you enjoy, and find a way to make money from it. Don’t choose a hobby simply because it might make money and then dive into it with that aim in mind. You should be doing this hobby because you love it; any side-income should be secondary.
b. Be creative
If you’re interested in making money from a hobby but don’t know where to start, think outside the box. What skills do you have that others don’t? Define the term “hobby” broadly. Find something that you can do that most others cannot, something for which other people might be willing to pay.
At my day job, I have a customer whose wife loves to cook. She turned this hobby into a part-time job as a personal chef. She prepares meals in advance for wealthy clients. She spends a few hours a day preparing a week-long menu for people who pay her handsomely for her time.
I have a friend who likes to travel. One day he discovered that he could subsidize his journeys by writing about the places he visited, and by taking photographs. Now every couple of years he takes an all expense paid vacation. He’s doing something he’d do anyhow, and it doesn’t cost him a dime.
c. Don’t force it
Your hobby will not make you rich. In most cases, it won’t even net you enough to allow you to quit your day job. It’s quite possible, however, to earn enough money to make the hobby self-sustaining, to keep yourself in new tools and equipment.
My brother builds speakers and works with audio equipment as a hobby. He makes some money at it. (”Spending money,” he says.) Jeff notes, “It’s not hard to make money from a hobby. What’s difficult is trying to turn it into an actual business. Moving from a hobby to a business is a pain-in-the-ass.”
Often when you try to take your hobby to the next level, the joy goes out of it. Suddenly the extra income just isn’t worth it. When I tried to turn my computer-building hobby into a business, I hated it. There’s a balance to be achieved, and if you can find it, you can have a fun while earning extra income.
d. Don’t underestimate your ability
It’s easy to discount your abilities. When you truly love something, your prolonged experience can give you skills and knowledge that you don’t appreciate.
For example, I have a love for early 20th-century American pop culture. My brain is filled with facts and anecdotes about once-famous recording artists. I sometimes find myself under the impression that everybody knows who Billy Murray was, or is familiar with the song “Ukulele Lady”. But this isn’t common knowledge — it’s specialized.
e. Market yourself
This can be difficult. In order to actually earn income, you need customers. But just as most people have a tendency to underestimate their abilities, they also tend be uncomfortable with self-promotion.
There’s no shame in mentioning your money-making hobby to friends, family, and neighbors. You needn’t be pushy. Just mention it at natural points in the conversation. If you’ve decided to do some woodworking for cash, mention this when your uncle mentions he wants to buy a new bookshelf.
Marketing can be subtle, but it’s an absolute necessity if you hope to earn money from your hobby. People need to know you’re available before they can hire you.
f. Hone your skill
Practice, practice, practice. The more time and energy you’re willing to devote to your hobby, the better you will become. The better you become, the more likely that you’ll be able to earn money from it.
Photography is a terrific example. If you’re willing to make a hundred images a day, you can improve your skills quickly, especially if you teach yourself about composition. You may never become a professional photographer this way, but you can develop your skill to the point where you can sell images to stock photo agencies, or enter (and win) photography contests.
Some people are born with natural talent. Most of us have to work at it.
Conclusion
Why should you care about making money from hobbies? Remember: the wealth equation has two sides. You accumulate wealth by reducing expenses and by increasing income. Often we only focus only on our careers when it comes to “increasing income”. But there are other ways to make money. One of the best is to harness a hobby.
This is an especially good technique if you’re stuck in a low-wage job. And sometimes a person can turn a money-making hobby into a career. Who doesn’t want a job doing something he loves?
Sunday, March 15, 2009
Tips for Money Saving
There are a lots of ways for us to save our money. In terms of recession factor, we need to look up some ways to help us to live for frugality or even living cheap. Here are some tips for money saving for your guidance:
a. Don't shop or window shopping when you have little money.
The time you have little small money, it is the time you're feeling financial depressed. This is the right time for you to stay at home and look up some ways for money saving, not money spending.
b. Purchase the branded products during sales
You know actually the price for branded products. Very costly. However, each of us sometimes have the desire to wear and use the very 'expensive' and high quality things, like shoes, clothes, perfumes, make up, skincare products, or even technology gadgets. My advice is to look the things whenever the sales is on the air. You're not only taking advantages on the price, but you're even saved your money.
c. Cook for your own meal, don't buy outside food
Consume outside food, sometimes really tasty even it quite costly. But, when the time you do not own so much money, it's better you have your own meal by yourself. However, this treat is best when you already buy the groceries early of the month.
d. Use public transport, instead of your own car
This treat will not only save much of your money, but you can avoid jam. Nowadays, it's quite convenient and affordable to use LRT, Komuter, Monorel or even public buses in town. The other best factor to use public transport is you can avoid the air pollution from your own car.
e. Go for bulk purchases for always-use products
Things that you always use, like shower foam, shampoo, pads & pantiliner (for women only), groceries etc, it's better to go for bulk purchases because the price on bulk is much cheaper if compared to buying in single items.
a. Don't shop or window shopping when you have little money.
The time you have little small money, it is the time you're feeling financial depressed. This is the right time for you to stay at home and look up some ways for money saving, not money spending.
b. Purchase the branded products during sales
You know actually the price for branded products. Very costly. However, each of us sometimes have the desire to wear and use the very 'expensive' and high quality things, like shoes, clothes, perfumes, make up, skincare products, or even technology gadgets. My advice is to look the things whenever the sales is on the air. You're not only taking advantages on the price, but you're even saved your money.
c. Cook for your own meal, don't buy outside food
Consume outside food, sometimes really tasty even it quite costly. But, when the time you do not own so much money, it's better you have your own meal by yourself. However, this treat is best when you already buy the groceries early of the month.
d. Use public transport, instead of your own car
This treat will not only save much of your money, but you can avoid jam. Nowadays, it's quite convenient and affordable to use LRT, Komuter, Monorel or even public buses in town. The other best factor to use public transport is you can avoid the air pollution from your own car.
e. Go for bulk purchases for always-use products
Things that you always use, like shower foam, shampoo, pads & pantiliner (for women only), groceries etc, it's better to go for bulk purchases because the price on bulk is much cheaper if compared to buying in single items.
Saturday, March 7, 2009
Overcoming financial stress
Stress can be exists when problems occur in our financial management. Perhaps, the money spend is over that the budget, loans that yet to be settled, health problem arises (which may lead to the usage of monthly saving), car broken / accident, and many more. When problems occur, the possibility of pressure is high. Thus, it will give the impact to our emotion and mind. One can be so emotionally and unable to think or use his / her mind properly. Hence, a lot of self-murdered or others crime happened in our society.
So what can you do to stay financially secure through these fluctuations? How you should overcome your financial stress? Herewith a few steps might be helpful to solve this stress:
a. Cut Off Unnecessary Expenses
Figure out what are the things that not so necessary, even we think sometimes we may need it. To cut off is as simple as a daily cup of gourmet coffee adds up to a lot of money quickly. Looking into it properly, sometimes you can even save RM7 a day. Just think about it...RM7 a day adds up to RM170 a month!
b. Supplement Your Income
As you are building your practice or business, it may necessary to have a secondary source of income. What are your skills and education? Are there other things you can do temporarily to fill the financial gap? Easing the financial stress will make it easier to draw new clients to you. Remember we all communicate at a subconscious level and if you are desperate for clients, this will be picked up by the people who you want to hire you. When you are relaxed, it will be much easier for the love of what you do to shine through to those you are trying to attract.
c. Make a plan
What is your plan for expanding your business? Have you developed strategies to incorporate multiple streams of income? Do you have a mailing list to share your new services with? How will you let people know about what you have to offer? Create a business plan to map out how you will market and incorporate additional means of earning income. Moving beyond earning income only through working with one on one clients is the best way to develop a strong financial base that won't be subjected to the ups and downs of the finanical climate. Start making a plan how you will create this new type of business today.
d. Think positive
This last step is often the hardest for all of us. Try to remember that even when it seems like no one needs what you have to offer, that God gave you your unique gifts for a reason. I promise you that someone out there is praying for help only you can provide right now. Believe that your special abilities are here as part of your Divine Purpose, which means God must have a plan for how the people who need your gifts are going to find you. Set the positive attitude and mindset in yourself. Hang in there...the one thing you can count on in life is change, so if you are in a down swing, an upswing must be on the way!
Good Luck!
So what can you do to stay financially secure through these fluctuations? How you should overcome your financial stress? Herewith a few steps might be helpful to solve this stress:
a. Cut Off Unnecessary Expenses
Figure out what are the things that not so necessary, even we think sometimes we may need it. To cut off is as simple as a daily cup of gourmet coffee adds up to a lot of money quickly. Looking into it properly, sometimes you can even save RM7 a day. Just think about it...RM7 a day adds up to RM170 a month!
b. Supplement Your Income
As you are building your practice or business, it may necessary to have a secondary source of income. What are your skills and education? Are there other things you can do temporarily to fill the financial gap? Easing the financial stress will make it easier to draw new clients to you. Remember we all communicate at a subconscious level and if you are desperate for clients, this will be picked up by the people who you want to hire you. When you are relaxed, it will be much easier for the love of what you do to shine through to those you are trying to attract.
c. Make a plan
What is your plan for expanding your business? Have you developed strategies to incorporate multiple streams of income? Do you have a mailing list to share your new services with? How will you let people know about what you have to offer? Create a business plan to map out how you will market and incorporate additional means of earning income. Moving beyond earning income only through working with one on one clients is the best way to develop a strong financial base that won't be subjected to the ups and downs of the finanical climate. Start making a plan how you will create this new type of business today.
d. Think positive
This last step is often the hardest for all of us. Try to remember that even when it seems like no one needs what you have to offer, that God gave you your unique gifts for a reason. I promise you that someone out there is praying for help only you can provide right now. Believe that your special abilities are here as part of your Divine Purpose, which means God must have a plan for how the people who need your gifts are going to find you. Set the positive attitude and mindset in yourself. Hang in there...the one thing you can count on in life is change, so if you are in a down swing, an upswing must be on the way!
Good Luck!
Thursday, March 5, 2009
Keys to Financial Freedom
Caro Handley had given a word at one time, "Lack of confidence around money can result in low self-esteem and anxiety". That gives me very deeply meaning and thought about money prudence and financial freedom. In order to get a truly financial freedom, from the very first step, is our thought. It begins from our mind and the way we think about money. How you wanna throw away all the bad thinking about money and financial problem? What are the decisions for the actions you need to take in order to have very clean bad debt? Everything is begins with our mind and the way we think. But how? The thought we had in our mind is actually will lead to our action. For example, we think that because our income is low, then we don't have extra amount to save. At the end of the day, we have nothing to help us in future needs. All of these thought comes from the lack of confidence as the main root to financial freedom.
In Woman Weekly Magazine, February2009, it has mentioned that a research shows that a lack of confidence around money can result in low self-esteem and anxiety. We need to be in control of our money and know that, whatever happen in life, we can provide for ourself. Attaining our financial freedom with changing our attitude to money:
1. Throw out the fear and keep the positive thinking
I know many of us have the thought which always leave you behind from the financial freedom. Leave out all your negative thinking and your fear of money. You must put it away from your mind. Set your mind each day you wake up in the morning, you love money very, very much. Keep the positive thinking, for the effort you will take towards to your financial freedom.
2. Give up money cons
Almost everyone of us operates 'money cons' or little tricks to avoid the truth about what we're doing with our money. They may be obvious, like ignoring bank statements, or more subtle, like justifying a purchase to yourself when you know you can't afford it. Cons include relying on others to sort things out for you. If you don't confront your money cons you'll never be able to conquer them or your anxiety about money. Make a list of your cons and face them up. It means you're gonna facing up to your debt and managing the best ways to clear it up. Once you've gone through this steps, you will feel a huge relief. The next steps possible to proceed in smooth and fast ways.
3. Organise and well manage in simple ways
Organise and manage your money properly in the simplest way possible. Keep all the current documents (bills, statements etc) in one marked file. If you feel the physical file such a tedious way, you may use the software or any website which may assist you to manage your cash flow and track your bill in and out (try http://www.wesabe.com/ / http://www.moneytrackin.com/). Do not forget to check all of your standing orders. Are they relevant and necessary? Cancel any that aren't. Once everything is well organised, you'll feel in control. One rule may you follow: Spend less than you earn and you'll always feel rich". Keep a clear record and check it monthly.
4. Clear all the unsolved mysteries
Sometimes, you may have financial issues that you find confusing or avoid because you have no idea anything about them. Insurance policies, investments, pensions, you need to demystify them for yourself. Find the info and knowledge from financial institutions website, or go to pick up the leaflets from different financial institutions and consider what suits you. Bear in mind, you have to get clear answers from people you deal with.
One thing to bear in mind, when you have so much debts in hand, solved it first, then you can think other options to sort out for your financial; pensions, investment, etc. But while it's vital to address short-term money matters, it's also important to save, even if payments are small to begin with.
5. Set the goals
When you decide to take control of your finances, think about the future. What are you goals and dreams? And what do you need to put into place financially to realise them? If you dream of big house or future investments, consider what's involved financially. Anything is possible, especially when you're great with money.
In Woman Weekly Magazine, February2009, it has mentioned that a research shows that a lack of confidence around money can result in low self-esteem and anxiety. We need to be in control of our money and know that, whatever happen in life, we can provide for ourself. Attaining our financial freedom with changing our attitude to money:
1. Throw out the fear and keep the positive thinking
I know many of us have the thought which always leave you behind from the financial freedom. Leave out all your negative thinking and your fear of money. You must put it away from your mind. Set your mind each day you wake up in the morning, you love money very, very much. Keep the positive thinking, for the effort you will take towards to your financial freedom.
2. Give up money cons
Almost everyone of us operates 'money cons' or little tricks to avoid the truth about what we're doing with our money. They may be obvious, like ignoring bank statements, or more subtle, like justifying a purchase to yourself when you know you can't afford it. Cons include relying on others to sort things out for you. If you don't confront your money cons you'll never be able to conquer them or your anxiety about money. Make a list of your cons and face them up. It means you're gonna facing up to your debt and managing the best ways to clear it up. Once you've gone through this steps, you will feel a huge relief. The next steps possible to proceed in smooth and fast ways.
3. Organise and well manage in simple ways
Organise and manage your money properly in the simplest way possible. Keep all the current documents (bills, statements etc) in one marked file. If you feel the physical file such a tedious way, you may use the software or any website which may assist you to manage your cash flow and track your bill in and out (try http://www.wesabe.com/ / http://www.moneytrackin.com/). Do not forget to check all of your standing orders. Are they relevant and necessary? Cancel any that aren't. Once everything is well organised, you'll feel in control. One rule may you follow: Spend less than you earn and you'll always feel rich". Keep a clear record and check it monthly.
4. Clear all the unsolved mysteries
Sometimes, you may have financial issues that you find confusing or avoid because you have no idea anything about them. Insurance policies, investments, pensions, you need to demystify them for yourself. Find the info and knowledge from financial institutions website, or go to pick up the leaflets from different financial institutions and consider what suits you. Bear in mind, you have to get clear answers from people you deal with.
One thing to bear in mind, when you have so much debts in hand, solved it first, then you can think other options to sort out for your financial; pensions, investment, etc. But while it's vital to address short-term money matters, it's also important to save, even if payments are small to begin with.
5. Set the goals
When you decide to take control of your finances, think about the future. What are you goals and dreams? And what do you need to put into place financially to realise them? If you dream of big house or future investments, consider what's involved financially. Anything is possible, especially when you're great with money.
Tuesday, March 3, 2009
Managing Personal Financial
Problem? It's a recession time! It's a doomed day! You hate it, we hate it, they hate it and even me, also hate it. No one request the attending of recession. No one pray for it. But, why? WHY we do not like it? WHY we hate it so much? The answer is because, MONEY MATTERS. Recession is the time that gives you money problem. Well, do you ever wait for this problem come into your life? Of course not. But, what your steps to avoid it? What are your actions in terms of financial management and money prudence? Herewith the simple steps you might follow in terms of managing your cash flow.
A. Planning your budget
We need to plan our budget each month we received our income first, prior to your savings. What first thing to plan is, how many cash you will use in terms of bill payment, car loan, housing rental / loan, credit card bill, utilities bill or perhaps your parents monthly money. If you do not put aside all the money to be paid out, later on, when comes to your saving or personal usage like meal allowances, transport etc, it would be harsh.
Each time you know when is your income come to you, plan it first, either using pen and notebook or you could use electronically gadget or new trend technology to assist you.
B. Controlling
Control means how you monitor the execution of your cash and compare the figure out with your budget. You need to make sure, the money spend is less than the budget you've prepared. If your money spend over from your budget, the budget planned is failed. When the plan is fail, the next time you re-plan, you will encounter the same thing. So, it is very important to control your money over prior to your budget.
C. Savings
Why you need to save a portion from your income? Why savings is really important? Sometimes, you have a thing you eager to buy for the sake of your happiness, such as clothes, perfume, IT gadget, or perhaps planning for vacation. But, think it first, either you want the happiness for now, or put the money aside for future purpose with a little bit of sacrifice? This is the time most of us forget and do not want to focus. We might think it's ok to feel the happiness for now. When you found out that your money is gone to the thing that not supposed to buy, well, bear in mind, not to re-do the same mistake in next time. Small portion of your money at this time might help you during the need or hard time in future. Think about it!
A. Planning your budget
We need to plan our budget each month we received our income first, prior to your savings. What first thing to plan is, how many cash you will use in terms of bill payment, car loan, housing rental / loan, credit card bill, utilities bill or perhaps your parents monthly money. If you do not put aside all the money to be paid out, later on, when comes to your saving or personal usage like meal allowances, transport etc, it would be harsh.
Each time you know when is your income come to you, plan it first, either using pen and notebook or you could use electronically gadget or new trend technology to assist you.
B. Controlling
Control means how you monitor the execution of your cash and compare the figure out with your budget. You need to make sure, the money spend is less than the budget you've prepared. If your money spend over from your budget, the budget planned is failed. When the plan is fail, the next time you re-plan, you will encounter the same thing. So, it is very important to control your money over prior to your budget.
C. Savings
Why you need to save a portion from your income? Why savings is really important? Sometimes, you have a thing you eager to buy for the sake of your happiness, such as clothes, perfume, IT gadget, or perhaps planning for vacation. But, think it first, either you want the happiness for now, or put the money aside for future purpose with a little bit of sacrifice? This is the time most of us forget and do not want to focus. We might think it's ok to feel the happiness for now. When you found out that your money is gone to the thing that not supposed to buy, well, bear in mind, not to re-do the same mistake in next time. Small portion of your money at this time might help you during the need or hard time in future. Think about it!
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