By: Wyatt Lee
First of all, I would like to congratulate you for finding your way to this article, because this could be the turning point in your Internet marketing venture.
So what is so secretive here? Well, you should know that the most important key to your website's success is traffic, traffic and more traffic. Nothing new here. But it is always how you generate all those traffic that your competition would secretly want to know about, and especially if your Internet marketing methods are very successful and eye-catching.
Of course, your fellow Internet marketing counterparts know all about the usual traffic generation methods: article marketing, forum marketing, one-way linking, search engine optimization, etc. And since information on these Internet marketing strategies are readily available online, you can be sure that all your competitors are doing the same thing.
And since everyone and their dogs and cats are using the same old strategies, you definitely need to come up with new ideas to generate your website traffic, so that you are always one step ahead of your competition. Not only do you need new ideas, you also need these ideas to be some killer tactics that very few people even know about.
Here, I will share with you a couple of very powerful Internet marketing strategies that you probably have not heard of before. And the better news is that your competition would not have a single clue about what I am going to share with you in this article. They have just been discovered, and are sure to knock you off your chair.
Oh, please do not worry about these two strategies being dirty tricks; they are totally white hat, so you don't have to be concerned about irritating other people. So let's begin, shall we?
The Un-tapped Goldmine of MySpace
Have you come across reports about the amount of traffic that MySpace.com is generating? If you haven't, then let me have the honor to inform you that MySpace is currently generating 2.5 times more traffic than Google.
If this piece of news fail to knock you off your chair, then I don't know what will. But I hope that you are still sitting pretty in your chair, because the real fact is that MySpace is actually using 2.5 times the bandwidth of Google, and not the traffic. Hah, caught you!
Reports that MySpace is generating more traffic than Google are mistaken and blown out of proportion. But still, there is no denying the fact that MySpace is currently one of the hottest and most visited sites on the Internet.
What is MySpace? It is basically an online dating site that allows members to create their own profiles and connect with other people to build their own virtual network. It is reported that building a network in MySpace is not difficult at all. Some members claim that they are able to generate more than a thousand contacts in less than 2 weeks.
It all sounds very exciting, so let us go through step-by-step on how to take advantage of this new tactic.
First of all, you need to create a MySpace account. After that, you will write a profile about yourself, and then start to build your network. To make your job that much easier, there are quite a number of services that can even do the networking job for you.
Next, you would include the link of your main website in your profile page, giving your site an instant back link. Now, this profile page has a very high Page Rank (PR), which is excellent when it comes to increasing your website's own PR. For your info, high PR would mean a higher placement in the major search engines, and this will ultimately lead to more quality traffic for your site.
And it doesn't stop there. MySpace also has a community billboard feature. Make a post in there, and your message will appear in the profiles of all your contacts. What if you have 10,000 contacts? You would have potentially 10,000 visitors with just one posting. And what if you add a link at the end of your message? You would have 10,000 back links pointing to your site instantly! This will absolutely explode your link popularity and blow your competition away. How cool is that?
This strategy is so new that not even the so-called Internet marketing experts out there realize it. So if you want to gain an upper hand on your competitors, then get out of your own conditioning, create a MySpace account, and get going now!
The Magic of Craigslist.com
Craigslist.com is an online classified ads center dedicated to employment opportunities. However, it also accepts all kinds of other advertisements. And these are all free!
The process of placing your ad is just like any other online classified ads website: you simply choose the most appropriate category for your ad, and place it in to attract visitors to your site.
And the cool thing is this: your visitors don't have to click on the link. They don't even have to visit your website. If that is the case, then how do you benefit from Craigslist? Well, for starters, this is a PR 7 website. Just by having your link in such a high PR site is enough to boost your site's own page rank. And you know the rest: higher positions in the search engines and more traffic for your site.
These are two amazing Internet marketing strategies that very few people even know about. So be sure to start implementing them today, and be miles ahead of all your Internet marketing competitors, leaving them to feed on scraps
Friday, April 10, 2009
Planning for Success
By: Roger Osborne
Here are some general start-up tips for a successful home business.
The first tip is a word of caution. It’s easy to think that because your home business can bypass the lease or construction aspects of starting a business, and the overhead costs of furnishing, maintenance, landscaping, utilities and so forth, that you can skip over some other processes to. That attitude, rather than heading someone down the road to a successful home business, could lead to financial business disaster.
An entrepreneurial spirit and a great idea are terrific assets for a successful home business. Other things are important too, however.
Market research and careful planning are of paramount importantance to the success of a home business, as they are for any business. A business plan is a must. It must include details on the products and services the firm will offer, the type of business equipment and the cost of it that will be needed in the coming five years. It should also include information on the competition in the designated market area. This information should include ways that the new home business will be successful in competing â€" how it is unique and how it is an improvement over what else is out there in the same industry.
A successful home business is one that is set up as the right legal entity. One of the first things new home based entrepreneurs should do is learn the legal consequences and liabilities of the various business types, as well as the tax consequences of each. A home business might be more successful as a partnership than sole proprietorship, for example, if additional cash flow is needed, or the entrepreneur is deficient in a crucial home business skill such as advertising, marketing or accounting, for example. An accountant can advise on the various options such as limited liability corporations, S corporations, standard corporations, limited partnerships and so forth.
Unless a successful home business is going to include walk in customers homeowner’s or renters insurance should provide adequate financial protection against theft or natural disaster. Of course, as equipment and furnishings are added, the insurance would need to increase. If clients were to come to the home office location, liability insurance would protect the firm from the financial devastating situation of customer injury.
A successful home business is one that is well planned and well funded. There is no such thing as too much preparation.
Source: http://www.highbeam.com/library/docfree.asp?DOCID=1G1:14651215&num=5&ctrlInfo=Round20%3AMode20a%3ASR%3AResult&ao=&FreePremium=BOTH&tab=lib
Roger D Osborne Grew up in the Appalachian Mountains of Kentucky. He served in Viet Nam with the United States Air Force. He has lived in Castroville, Texas with his family since 1987. He spends numerous hours locating and testing the best home based business ideas and opportunities. His suggested business ideas and opportunities provide you the information and resources to earn a good income from the comfort of your home. To find your prosperous home based business please visit: http://ProMarketingNetwork.com or http://ProMarketingNetwork.com/optin.html
Here are some general start-up tips for a successful home business.
The first tip is a word of caution. It’s easy to think that because your home business can bypass the lease or construction aspects of starting a business, and the overhead costs of furnishing, maintenance, landscaping, utilities and so forth, that you can skip over some other processes to. That attitude, rather than heading someone down the road to a successful home business, could lead to financial business disaster.
An entrepreneurial spirit and a great idea are terrific assets for a successful home business. Other things are important too, however.
Market research and careful planning are of paramount importantance to the success of a home business, as they are for any business. A business plan is a must. It must include details on the products and services the firm will offer, the type of business equipment and the cost of it that will be needed in the coming five years. It should also include information on the competition in the designated market area. This information should include ways that the new home business will be successful in competing â€" how it is unique and how it is an improvement over what else is out there in the same industry.
A successful home business is one that is set up as the right legal entity. One of the first things new home based entrepreneurs should do is learn the legal consequences and liabilities of the various business types, as well as the tax consequences of each. A home business might be more successful as a partnership than sole proprietorship, for example, if additional cash flow is needed, or the entrepreneur is deficient in a crucial home business skill such as advertising, marketing or accounting, for example. An accountant can advise on the various options such as limited liability corporations, S corporations, standard corporations, limited partnerships and so forth.
Unless a successful home business is going to include walk in customers homeowner’s or renters insurance should provide adequate financial protection against theft or natural disaster. Of course, as equipment and furnishings are added, the insurance would need to increase. If clients were to come to the home office location, liability insurance would protect the firm from the financial devastating situation of customer injury.
A successful home business is one that is well planned and well funded. There is no such thing as too much preparation.
Source: http://www.highbeam.com/library/docfree.asp?DOCID=1G1:14651215&num=5&ctrlInfo=Round20%3AMode20a%3ASR%3AResult&ao=&FreePremium=BOTH&tab=lib
Roger D Osborne Grew up in the Appalachian Mountains of Kentucky. He served in Viet Nam with the United States Air Force. He has lived in Castroville, Texas with his family since 1987. He spends numerous hours locating and testing the best home based business ideas and opportunities. His suggested business ideas and opportunities provide you the information and resources to earn a good income from the comfort of your home. To find your prosperous home based business please visit: http://ProMarketingNetwork.com or http://ProMarketingNetwork.com/optin.html
Wednesday, April 8, 2009
Top Performers Have These Critical Management Skills
By: Dennis Sommer
Copyright 2006 Dennis Sommer
Do want to be known as "The Expert" or "The Guru"? Do you want to advance your career and income? If you answered yes to both of these questions then you need to become a "Top Performer" in your profession. Whether you are now a Manager, Executive, Consultant, Sales or Service Specialist, then Management skills will be one of the keys to your success. Experience and knowledge in your area of specialty may make you an above average performer, but to be a "Top Performer" start implementing the following 11 Management skills and action items today.
Top performers are successful by being honest, respecting a clients intelligence and focusing all their energies on how to make a difference in a clients life. After reviewing the following "Top Performer" Management skills and action items, you will know how to be more effective, efficient, and successful.
Strategies for building a strong successful organization.
1. Define both long term and short term measurable goals. Concentrate your efforts on the short term goals. This can be measurable goals either weekly or monthly. The long term goals will come.
2. Fuel your internal motivation by setting clear and concrete goals and objectives. Example, customers to contact, revenue, gross margin, issue response time, etc.
3. Measure everything. Anything with a response that will measure your effectiveness. Develop a scorecard system that tracks your target goal versus what you actually achieved.
4. When your customers perceive your offering or service as being in short supply, they view it as more valuable. Market for 20% more volume that you can manage.
5. Discontinue 50% of your offerings to increase overall sales. To many offerings cause customer confusion and lost sales. Analyze your offerings and discontinue your unprofitable or low margin offerings.
6. Focus promotions on new customers not current customers. Your current customers already know what value you bring to the table.
7. Promote a list of unique features that compliment a competitive solution or show unique value. Your offering will then stand out from the others.
8. Keep it simple and relevant. Eliminate irrelevant information from offering brochures, marketing, and presentations.
9. Empower healthy competition between departments, divisions, and regions. Reward success.
10. Hire competitive people. Competition is healthy and will improve everyone’s performance.
11. Selling success follows six fundamentals:
Passion (for your company, offering, service, and yourself)
Organization (take notes and have all your information at your fingertips)
Planning (develop and execute a step by step plan for each opportunity)
Persistence (never give up)
People Skills (develop excellent written and verbal communication skills)
Offering Knowledge (know everything about your offerings and the competitors offerings).
Copyright 2006 Dennis Sommer
Do want to be known as "The Expert" or "The Guru"? Do you want to advance your career and income? If you answered yes to both of these questions then you need to become a "Top Performer" in your profession. Whether you are now a Manager, Executive, Consultant, Sales or Service Specialist, then Management skills will be one of the keys to your success. Experience and knowledge in your area of specialty may make you an above average performer, but to be a "Top Performer" start implementing the following 11 Management skills and action items today.
Top performers are successful by being honest, respecting a clients intelligence and focusing all their energies on how to make a difference in a clients life. After reviewing the following "Top Performer" Management skills and action items, you will know how to be more effective, efficient, and successful.
Strategies for building a strong successful organization.
1. Define both long term and short term measurable goals. Concentrate your efforts on the short term goals. This can be measurable goals either weekly or monthly. The long term goals will come.
2. Fuel your internal motivation by setting clear and concrete goals and objectives. Example, customers to contact, revenue, gross margin, issue response time, etc.
3. Measure everything. Anything with a response that will measure your effectiveness. Develop a scorecard system that tracks your target goal versus what you actually achieved.
4. When your customers perceive your offering or service as being in short supply, they view it as more valuable. Market for 20% more volume that you can manage.
5. Discontinue 50% of your offerings to increase overall sales. To many offerings cause customer confusion and lost sales. Analyze your offerings and discontinue your unprofitable or low margin offerings.
6. Focus promotions on new customers not current customers. Your current customers already know what value you bring to the table.
7. Promote a list of unique features that compliment a competitive solution or show unique value. Your offering will then stand out from the others.
8. Keep it simple and relevant. Eliminate irrelevant information from offering brochures, marketing, and presentations.
9. Empower healthy competition between departments, divisions, and regions. Reward success.
10. Hire competitive people. Competition is healthy and will improve everyone’s performance.
11. Selling success follows six fundamentals:
Passion (for your company, offering, service, and yourself)
Organization (take notes and have all your information at your fingertips)
Planning (develop and execute a step by step plan for each opportunity)
Persistence (never give up)
People Skills (develop excellent written and verbal communication skills)
Offering Knowledge (know everything about your offerings and the competitors offerings).
Finally Revealed: The Secret To Explode Your Home Based Business
By: Monique Hawkins
Copyright 2006 Monique Hawkins
There are many people who operate a home-based business. However, most home based business owners and small business owners are overlooking one essential concept that is costing them thousands of dollars.
The fact is, many home based business owners today are going about promoting their business in ways that are counterproductive. Many people are making 3 way calls, chasing prospects, pressuring prospects to make a decision, cold-calling, and doing other things that result in little to no business growth. What usually happens is that when all of these activities result in many hours of little to no success, people quit. The good news is, there is a more productive and prosperous way to build a successful home based business. It is so successful that home based business owners will discover that prospects will come running to them. What is this revolutionary system? It's called Funded Franchise Sponsoring. The funded franchise system approach is a system that has been around for many years. However, many small business owners are not aware of it. This system provides a way to target and pre-qualify prospects interested in working from home quickly and easy. It enables home based business owners to promote a website (if their business is online) and marketing tools so effective that the entire system generates its own leads. Plus, many times there is little to no out of pocket advertising costs
This approach allows folks who are interested in working at home the time to get their feet wet, receive training, and get exposed to powerful marketing techniques all for a very small entry fee (think $20 dollars or below) before they make a full commitment. This no pressure approach also means gaining trust, building relationships, and easing a person in prior to talking with them about the network marketing opportunity or business proposal the home based business owner has to offer.
There are sites on the web that teach home-based business owners exactly how to do this for free. The training that is involved usually is live and recorded calls, sponsorship, free websites, free leads, affiliate programs to promotoe, and much more. Home based business owners, and home based business opportunity seekers are provided with tools to ensure that they will be successful!
Most home-based business owners are doing things the hard way. This does not have to be the case. All home-based business owners can be successful!
Copyright 2006 Monique Hawkins
There are many people who operate a home-based business. However, most home based business owners and small business owners are overlooking one essential concept that is costing them thousands of dollars.
The fact is, many home based business owners today are going about promoting their business in ways that are counterproductive. Many people are making 3 way calls, chasing prospects, pressuring prospects to make a decision, cold-calling, and doing other things that result in little to no business growth. What usually happens is that when all of these activities result in many hours of little to no success, people quit. The good news is, there is a more productive and prosperous way to build a successful home based business. It is so successful that home based business owners will discover that prospects will come running to them. What is this revolutionary system? It's called Funded Franchise Sponsoring. The funded franchise system approach is a system that has been around for many years. However, many small business owners are not aware of it. This system provides a way to target and pre-qualify prospects interested in working from home quickly and easy. It enables home based business owners to promote a website (if their business is online) and marketing tools so effective that the entire system generates its own leads. Plus, many times there is little to no out of pocket advertising costs
This approach allows folks who are interested in working at home the time to get their feet wet, receive training, and get exposed to powerful marketing techniques all for a very small entry fee (think $20 dollars or below) before they make a full commitment. This no pressure approach also means gaining trust, building relationships, and easing a person in prior to talking with them about the network marketing opportunity or business proposal the home based business owner has to offer.
There are sites on the web that teach home-based business owners exactly how to do this for free. The training that is involved usually is live and recorded calls, sponsorship, free websites, free leads, affiliate programs to promotoe, and much more. Home based business owners, and home based business opportunity seekers are provided with tools to ensure that they will be successful!
Most home-based business owners are doing things the hard way. This does not have to be the case. All home-based business owners can be successful!
Sunday, April 5, 2009
Saving Money: Possible Tax Deductions for Home Businesses
By: Brian Jantzen
Copyright © Brian Jantzen
a href="http://www.InternetBadger.com" http://www.InternetBadger.com/a
If you operate your own home business, then you are probably aware that there a few drawbacks to being self-employed. Working for yourself often means that you lose many workplace benefits, such as group insurance, sick leave, paid vacations, etc. However, the government does provide solace to those who have an entrepreneurial spirit, and this solace comes in the form of tax breaks. There are many possible tax deductions for home businesses; you simply have to be well-informed about them.
Why should you go through the trouble? Well, because you’ll earn more money that way. By knowing all the possible tax deductions that you can take, you’ll come away with more of the benefits that your business generates, instead of getting cleaned out by the government. When it comes to taxes, make no mistake about it â€" knowledge is power.
If you run a home business, some of the possible tax deductions for you are:
Home office costs, such as those that involve office repairs and maintenance. Expenses racked up through janitorial services, for example, when shown to be needed by the business, are deductible, as are waste management and garbage disposal services. Business furniture and equipment may also qualify for deductions in their year of purchase, as long as the amount does not exceed a certain limit.
Utility costs, such as electricity and water. The deduction applies to those areas that are used regularly and exclusively for business.
Telephone costs. This only applies if you have a separate line for use in business. A single line that is used for both business and personal calls does not qualify. However, if you make long distance calls and/or incur fax transmission fees, those expenses are deductible not matter which type of phone you use.
Rent or lease payments. A percentage of your rent, lease, or mortgage interest payments can be deductible provided that you are using the property regularly for business purposes.
Employee wages and employee benefits. If you are an employer of labor, you can deduct a portion of your salary and benefit expenses. Employee education and training costs are also deductible.
Education costs necessary in your line of work. This applies especially to professionals. Those who need continuing education to maintain their expertise may deduct the cost of this education from their tax returns.
Real estate taxes on business property. A portion of real estate taxes are considered deductible by the IRS.
Personal expenses. Some personal expenses, when conducted in conjunction with business affairs, are deductible. A portion of your automobile expenses, meal allocations, and travel and entertainment cots may qualify for deduction, as log as they are related to your business.
A final reminder: Try to maintain as accurate records as is possible. Document your deposits, income, expenses and deductions. This way, you will have proof validating your tax deductions. Because tax laws are complex and often change, it is often advisable to consult a professional. This will allow you to claim as many possible tax deductions for home businesses as you can.
bAbout the Author: Internet Marketing enthusiast and practitioner/b
-----------------------------------------------------------------
To find the best home based business ideas and
opportunities so you can work at home visit:
a href="http://www.InternetBadger.com" http://www.InternetBadger.com/a
-----------------------------------------------------------------
Internet Marketing enthusiast and practitioner
Copyright © Brian Jantzen
a href="http://www.InternetBadger.com" http://www.InternetBadger.com/a
If you operate your own home business, then you are probably aware that there a few drawbacks to being self-employed. Working for yourself often means that you lose many workplace benefits, such as group insurance, sick leave, paid vacations, etc. However, the government does provide solace to those who have an entrepreneurial spirit, and this solace comes in the form of tax breaks. There are many possible tax deductions for home businesses; you simply have to be well-informed about them.
Why should you go through the trouble? Well, because you’ll earn more money that way. By knowing all the possible tax deductions that you can take, you’ll come away with more of the benefits that your business generates, instead of getting cleaned out by the government. When it comes to taxes, make no mistake about it â€" knowledge is power.
If you run a home business, some of the possible tax deductions for you are:
Home office costs, such as those that involve office repairs and maintenance. Expenses racked up through janitorial services, for example, when shown to be needed by the business, are deductible, as are waste management and garbage disposal services. Business furniture and equipment may also qualify for deductions in their year of purchase, as long as the amount does not exceed a certain limit.
Utility costs, such as electricity and water. The deduction applies to those areas that are used regularly and exclusively for business.
Telephone costs. This only applies if you have a separate line for use in business. A single line that is used for both business and personal calls does not qualify. However, if you make long distance calls and/or incur fax transmission fees, those expenses are deductible not matter which type of phone you use.
Rent or lease payments. A percentage of your rent, lease, or mortgage interest payments can be deductible provided that you are using the property regularly for business purposes.
Employee wages and employee benefits. If you are an employer of labor, you can deduct a portion of your salary and benefit expenses. Employee education and training costs are also deductible.
Education costs necessary in your line of work. This applies especially to professionals. Those who need continuing education to maintain their expertise may deduct the cost of this education from their tax returns.
Real estate taxes on business property. A portion of real estate taxes are considered deductible by the IRS.
Personal expenses. Some personal expenses, when conducted in conjunction with business affairs, are deductible. A portion of your automobile expenses, meal allocations, and travel and entertainment cots may qualify for deduction, as log as they are related to your business.
A final reminder: Try to maintain as accurate records as is possible. Document your deposits, income, expenses and deductions. This way, you will have proof validating your tax deductions. Because tax laws are complex and often change, it is often advisable to consult a professional. This will allow you to claim as many possible tax deductions for home businesses as you can.
bAbout the Author: Internet Marketing enthusiast and practitioner/b
-----------------------------------------------------------------
To find the best home based business ideas and
opportunities so you can work at home visit:
a href="http://www.InternetBadger.com" http://www.InternetBadger.com/a
-----------------------------------------------------------------
Internet Marketing enthusiast and practitioner
Wednesday, April 1, 2009
Combined Residential And Business Voip - Is It Possible?
By: Michael Williams
Voice over Internet Protocol (VoIP) is the latest technology that combines traditional phone service with high speed Internet. Speakeasy VoIP offers both digital and broadband service over one worldwide network. The not only offer unlimited local and long distance calling to the United States but also to more than 20 countries worldwide.
Setup could not be easier; all you need to enjoy Speakeasy VoIP services is broadband connection through Speakeasy and an adapter that they will provide. Once you have setup VoIP service you can enjoy enhanced quality on all calls you make and receive. They have an outstanding customer support center. When you call with a question regarding service the person who answers your call will also assist you with troubleshooting until it is resolved. You will not experience having to go through several different individuals before reaching technical support staff.
Speakeasy VoIP offers three different plans that you can choose from, and the prices range from $23.95 per month to $59.95 for Speakeasy Business VoIP. With each of the plans, you receive voicemail, caller ID, call waiting, 3-way calling, access to 9-1-1, and you are able to keep your current telephone number. Total setup and activation fees vary depending on the package you choose.
With Speakeasy Residential VoIP services you can expect to receive quality broadband phone service that includes local and long distance calls within the United States and Canada, access to E911 service, caller ID, 3-way calling and call waiting, voice mail, and you can keep your current telephone number.
For those of you who are working from home consider Speakeasy VoIP for business. With this plan, you receive access to the same features of the residential plan along with combining voice, PBX, data, conferencing, and long distance into one provider at a very reasonable monthly rate. If you use Outlook, you will enjoy the convenience of Speakeasy's business plan because you can open Outlook and make calls directly to your customers without ever closing Outlook. Everything you need to run your business efficiently Speakeasy VoIP has provided.
What are you waiting for? You do want to join thousands of other people who have found the convenience and savings of using Speakeasy VoIP for their personal and business life - contact them today - a customer service representative will be happy to answer any questions you have regarding the service plans they offer and how they can best enhance your telecommunication needs.
Voice over Internet Protocol (VoIP) is the latest technology that combines traditional phone service with high speed Internet. Speakeasy VoIP offers both digital and broadband service over one worldwide network. The not only offer unlimited local and long distance calling to the United States but also to more than 20 countries worldwide.
Setup could not be easier; all you need to enjoy Speakeasy VoIP services is broadband connection through Speakeasy and an adapter that they will provide. Once you have setup VoIP service you can enjoy enhanced quality on all calls you make and receive. They have an outstanding customer support center. When you call with a question regarding service the person who answers your call will also assist you with troubleshooting until it is resolved. You will not experience having to go through several different individuals before reaching technical support staff.
Speakeasy VoIP offers three different plans that you can choose from, and the prices range from $23.95 per month to $59.95 for Speakeasy Business VoIP. With each of the plans, you receive voicemail, caller ID, call waiting, 3-way calling, access to 9-1-1, and you are able to keep your current telephone number. Total setup and activation fees vary depending on the package you choose.
With Speakeasy Residential VoIP services you can expect to receive quality broadband phone service that includes local and long distance calls within the United States and Canada, access to E911 service, caller ID, 3-way calling and call waiting, voice mail, and you can keep your current telephone number.
For those of you who are working from home consider Speakeasy VoIP for business. With this plan, you receive access to the same features of the residential plan along with combining voice, PBX, data, conferencing, and long distance into one provider at a very reasonable monthly rate. If you use Outlook, you will enjoy the convenience of Speakeasy's business plan because you can open Outlook and make calls directly to your customers without ever closing Outlook. Everything you need to run your business efficiently Speakeasy VoIP has provided.
What are you waiting for? You do want to join thousands of other people who have found the convenience and savings of using Speakeasy VoIP for their personal and business life - contact them today - a customer service representative will be happy to answer any questions you have regarding the service plans they offer and how they can best enhance your telecommunication needs.
Fun with Cashflow 101!
By: Max Ng
When I first heard about Cashflow 101, I was very excited and wanted really to play the board game. To play the game, I faced two issues. Firstly, I needed to have a copy of the board game. Secondly, I needed to find a group of people who were willing to play the game together. Luckily for me, one of my friends had the board game. Also, I managed to find a few friends who had read the book Rich Dad Poor Dad. They were also very keen in playing the game. Thus, both issues were easily solved.
I managed to play for a few times. And I had really learned a lot from just playing the game. Of course I did not have an immediate enlightenment on the concepts that the game is trying to teach! Neither do I claim that I have understood all the concepts. But before I go about describing what I have learned, it is important that you have a general idea of the game. This may help you to understand what I have learned so far from playing the game.
Cashflow 101 is a board game designed by Robert Kiyosaki, the author of Rich Dad, Poor Dad. It aims to teach the players the concepts of investing and building passive income. To start the game, each player has a score sheet to track his passive income and expenses. It is similar to keeping track of financial statements in real life. There are 2 tracks in the game. The first track is where everyone starts playing. It is known as the rat race track. In the rat race track, the player may be required to spend for vacation. He may also have another child that causes his expenditure to go up. He may lose his job thus no income for a few months. He will face financial worry or difficulties like in real life situations.
Also, the player will encounter opportunity to invest in shares, real estates, businesses and so on. Basically, the player will encounter very real life liked situations that required decisions on investments. He may also encounter a situation where he does not have the cash to invest in a golden opportunity.
In order to get out of the rat race to the second track that is known as the fast track, the player has to learn to invest until his passive income surpasses his expenses. Once he has attained that, he will try to buy his dream or accumulate an additional $50,000 monthly cash flow to win the game.
In summary, the game gives the players the chance to experience real life situations even before they have happened. It is like giving them a glimpse of the future of what may happen if they stay in the rat race. It also provides the players a glimpse of an alternative bright future if they get out of the rat race. This is provided that they learned about cash flow, expenses, investment and building passive income.
That is just an introduction based on my personal experience of playing the game. I really loved playing the game. I hope that you can visual the board game to a certain extent. Now, let me shared with you what I had learned so far from playing the board game.
Firstly, if I were in the rat race track, I would be just waiting for paycheck after paycheck. My monthly salary would not increase much annually. And it would be like that for the rest of the years to come. In the board game, the rat race track is very short circular track. If each complete cycle were to represent a year, then time really flies fast on the board game. This gave me a glimpse of what my future would be liked in the next 10 years if I remained in the rat race track.
Secondly, if I did not invest in things that generate me passive income, I would take a very long time to clear my mortgage and debts by just saving. Saving is very important! But saving alone will not get me out of the rat race. If I want to get out of rat race in real life, then I have to learn to invest and build passive income.
Thirdly, I realized that if I was too greedy in the game and over invested beyond my financial means, I could easily go broke due to unexpected expenses or lost of job. Thus, it is important to manage my cash flow carefully in real life.
Lastly, I realized that it is important to save so that I could invest when a golden opportunity came knocking on my door. In the board game, I had a golden chance to invest on something that really gave good returns. But I did not have enough saving, thus I had gave it a miss.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
When I first heard about Cashflow 101, I was very excited and wanted really to play the board game. To play the game, I faced two issues. Firstly, I needed to have a copy of the board game. Secondly, I needed to find a group of people who were willing to play the game together. Luckily for me, one of my friends had the board game. Also, I managed to find a few friends who had read the book Rich Dad Poor Dad. They were also very keen in playing the game. Thus, both issues were easily solved.
I managed to play for a few times. And I had really learned a lot from just playing the game. Of course I did not have an immediate enlightenment on the concepts that the game is trying to teach! Neither do I claim that I have understood all the concepts. But before I go about describing what I have learned, it is important that you have a general idea of the game. This may help you to understand what I have learned so far from playing the game.
Cashflow 101 is a board game designed by Robert Kiyosaki, the author of Rich Dad, Poor Dad. It aims to teach the players the concepts of investing and building passive income. To start the game, each player has a score sheet to track his passive income and expenses. It is similar to keeping track of financial statements in real life. There are 2 tracks in the game. The first track is where everyone starts playing. It is known as the rat race track. In the rat race track, the player may be required to spend for vacation. He may also have another child that causes his expenditure to go up. He may lose his job thus no income for a few months. He will face financial worry or difficulties like in real life situations.
Also, the player will encounter opportunity to invest in shares, real estates, businesses and so on. Basically, the player will encounter very real life liked situations that required decisions on investments. He may also encounter a situation where he does not have the cash to invest in a golden opportunity.
In order to get out of the rat race to the second track that is known as the fast track, the player has to learn to invest until his passive income surpasses his expenses. Once he has attained that, he will try to buy his dream or accumulate an additional $50,000 monthly cash flow to win the game.
In summary, the game gives the players the chance to experience real life situations even before they have happened. It is like giving them a glimpse of the future of what may happen if they stay in the rat race. It also provides the players a glimpse of an alternative bright future if they get out of the rat race. This is provided that they learned about cash flow, expenses, investment and building passive income.
That is just an introduction based on my personal experience of playing the game. I really loved playing the game. I hope that you can visual the board game to a certain extent. Now, let me shared with you what I had learned so far from playing the board game.
Firstly, if I were in the rat race track, I would be just waiting for paycheck after paycheck. My monthly salary would not increase much annually. And it would be like that for the rest of the years to come. In the board game, the rat race track is very short circular track. If each complete cycle were to represent a year, then time really flies fast on the board game. This gave me a glimpse of what my future would be liked in the next 10 years if I remained in the rat race track.
Secondly, if I did not invest in things that generate me passive income, I would take a very long time to clear my mortgage and debts by just saving. Saving is very important! But saving alone will not get me out of the rat race. If I want to get out of rat race in real life, then I have to learn to invest and build passive income.
Thirdly, I realized that if I was too greedy in the game and over invested beyond my financial means, I could easily go broke due to unexpected expenses or lost of job. Thus, it is important to manage my cash flow carefully in real life.
Lastly, I realized that it is important to save so that I could invest when a golden opportunity came knocking on my door. In the board game, I had a golden chance to invest on something that really gave good returns. But I did not have enough saving, thus I had gave it a miss.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
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