Archive | Make Money Online

The 7 Step Cash Flow Cycle of Art Licensing – How Long it Takes to Make Money Licensing Your Art

"What does it cost to have an art business and how long does it take to make money if you are licensing your art?" Many people have asked me what expenses I could possibly have because I work from home and I 'paint'.

Computers, printers, software and scanners are not free. And the ink you go through printing things to submit or show– that adds up quickly. Websites, reference books, trade magazines, … there are expenses.

Invest in your business but do not go into major debt if possible. Watch your cash flow and spend wisely. Investments can be in the form of training (like books, classes, seminars or personal consulting), attending or exhibiting at trade shows, upgrading a printer or computer. Grow as your business grows.

The Cash Flow Cycle of Licensing

If you have not licensed your art before, you may wonder how long it will take to make money. Of course, it can vary and each artist's experience will differ. But below I have outlined the 7 basic stages that will give an idea of ​​what to expect:

  1. Create the art. You or your agent show it to manufacturers.
  2. Celebrate! Someone is interested! Contract negotiation starts.
  3. Sign the contract. (Let's assume it is January) You will get some money now IF you get an advance. In my experience, that happens about 50% of the time.
  4. Prepare the art. Make any requested changes or additions to your art and get everything to the manufacturer.
  5. Now the manufacturer does their part. They need to make sure everything is formatted and ready. Product needs to be made. It is often 6-12 months between when you give them the art and when the art is on the products, in a store.
  6. Product ships. The manufacturer ships the product with your art, say in January – it's now 12 months since signing the deal.
  7. Most companies pay quarterly – so you will be paid 4 times a year. At the end of the quarter, which would be March, they start to do royalty reports and generally have to have them in the mail within 30 days – so by April 30th. You should have your first royalty check by the first week in May.

As you can see by this example, it can take some time to get the money flowing. Sometimes things move faster but I want you to prepare for this type of time line. If you understand it going into it, you are less likely to get frustrated and give up. Once you have things in the licensing pipeline, you start to get very excited at the end of each quarter and watch for the mail carrier!

Some artists will buck this system and seem to become huge overnight. It is easy to become a little envious. One of my clients once told me that in her experience, it is the artists with slow and steady growth that do really well in the long run, many who are overnight successes lose their appeal to consumers just as fast.

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Manging Your Employees In Your Home Based Business

No matter what type of product or service you sell, training is key to success for both you and your new employees. But, there are some basic steps that you need to follow before you start hiring employees and start training new sales people to help you out.

Before you start hiring employees for your home based business, make sure that there is a demand in the area. If you are the only one selling to a large client base and there is plenty of room for growth, then bring in some new talent. But, if you are the only one selling to just a few people, do not bring in anyone new. If you over saturate the market, no one will make any money because there will not be any demand for the product or service that you are marketing. Be sure that you do your homework before you start hiring people, or you might find that all of you will be out of work.

Invite the right type of people to work for you, do not just pull people off the street and offer them a job. If you place an ad in a local paper or online, make sure that you state clearly what the job entails and that it is a home based business. This way, you are marketing to people who are interested in home based business opportunities and not people who are not. This will save you so much time and money in the long run, so make sure that you state it's for a home based business.

Now that you have placed your ad and found some prospective employees, bringing them in for a presentation on what you do and what they will be doing. Make sure that you let them know the pay scale, from multi-level marketing to commission only sales, this is the thing that people want to know, so do not leave this out. Make sure that you let these prospective employees know that they are welcome to ask questions or to leave if they feel that this opportunity is not for them. This keeps you on track with the ones who are interested and allows you to market to only them.

Once you have selected your new employee (s), you are now ready to start training them. Make sure that when you bring on a new employee you sponsor them and help them to learn the routes of the business that you are in. From services to products, take them with you on a couple of sales so they can see a pro at work and know what to say and ask, and how to handle themselves with prospects. This hands on type of training will leave a lasting impression on your new employees and help them to see better what it is that they will be doing, instead of just reading it in a book or watching it on a movie. But, no matter what type of training materials you are using for your business, make sure that your new employee knows to ask as many questions about the business as possible. This will only help to make sure that they know everything they need to to succeed in the business you are placing them in.

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The Positives of Being Taught Internet Marketing by a Mentor

There are certain positive sides to hiring an Internet marketing coach who can guide you through the various features of marketing techniques. When you interview a coach before you sign them up then you are on the verge of making it big in affiliate selling. A good internet coach will help you avoid the mistakes which some marketing beginners make on internet-you do not have to lose your hard earn money through common mistakes.

A great teacher will not only teach you the nitty-gritty of the business, they will also give you the practical knowledge of what you need to succeed. They will teach you how to replicate what they have successfully accomplished. Although a good internet mentor will cost you some extra money, you do not have to worry about it compared to the amount you will gain in terms of traffic generation and general sales on your marketing skills.

One advantage that internet marketing mentors have is that they understand what motivates a potential client and knows how well to handle different potential customers that will sign up or buy your products and services online. A reputable Online teacher will always have a successful plan which he follows – this plan has been studied and used for years and it has a tremendous probability to generate your desired result at all times.

An ideal candidate helps you design an aggressive blog, press and other tools to launch your products and services at the top, you will have access to live interactive training sessions online, and you will get services such as Personal development and marketing training, Comprehensive mind set training, comprehensive internet business matching services, and comprehensive suites of marketing tools.

The mentor will help you build a professional image by creating an online business profile, he / she will also help you market your business using your profile to promote press, blogs, press, audio, and video. They will also connect you to other professionals based on the geographical area, Industry and common shared interests. If you have tried several techniques and they have not worked for you, then it is time to seek the services of a mentor and you will be surprised at how things will change for the better in your sales program – it is believed that more than 90 % of failures recorded were from internet marketers due to the lack of knowledge using marketing tools.

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Is it Possible to Make Money Online Doing Surveys?

If you are looking for ways to make money doing online doing surveys, let me share with you some of the truths about paid online surveys.

You will not become rich overnight

If someone tells you that you can become rich by doing online surveys, then you better stay away as it is not truth and very likely you will be offered some sort of scam projects or products. That said, it is very possible to make a few hundred or even thousand dollars a month by just doing paid online surveys. The key is you have to get yourself involved in as many surveys as possible.

Is there any secret of doing online surveys?

The answer is "No". But if you have plenty of free time, you can sign up with as many survey sites as possible. This will increase your chances of being invited to participate in online surveys and hence more take home income.

How much money can I make doing online surveys?

It depends on the time and effort that you are willing to put in. Like I said before, if you have a lot of free time and you do not mind to sit in front of computer screen the whole day or at least few hours a day by just answering questions, it is possible to make a few hundred dollars a month.

Making money online doing surveys is possible but to make this happen, you have to be persistent in getting yourself involved in answering online surveys consistently.

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A Review of the Day Job Killer Internet Marketing Course

If you have been in the multilevel marketing trade for sometime or you are feeling a bit leery about the opportunities that are currently available to you, it might be time for you to take a look at the Day Job Killer internet marketing course. With the Day Job Killer program, you are in a position to learn not only about the industry but about what you can do to beat the odds and make a better than average living on the internet.

The claims made by the Day Job Killer program are very high. The promotions contend that by using their method, you will be able to break out of the trends and make excellent money online. One of their contentions is that there is a secret formula and blueprint out there, but that it has been suppressed or even hidden by the online gurus and other people who have made the leap from at home worker to extremely profitable business person.

When you use the Day Job Killer program, you will be tapping into the source of a great deal of money making potential. The founder of this program went from making pennies to making four figures a day off of internet sales and residual income, and the key is the fact that the directions offered here are unique when it comes to innovation and aggressiveness. This is not an opportunity for the meek or the shy; some of the methods are advertised as being quite brutal, although they are effective.

Day Job Killer claims that 99 percent of buyers who are invested in multilevel business opportunities never make a real profit, and most likely, they never will. This program states that it is possible to make this kind money, that online marketing and internet selling is one of the best ways to make income from your own home, but to really take advantage of it, you will need to strike out on your own .

The founder of Day Job Killer states that for years he was blinded by officiating gurus and by people who had no real interest in helping him build a business. With this in mind, he went from making nothing to making a clearly comfortable wage with nothing more than this new technique. The page states that almost anyone can do this, but it is important to remember the fact that it is necessary to stray from the documentation that has been current.

In terms of a new opportunity, Day Job Killer is a program that might well be worth your time to investigate. Take a look and see if what they offer is what you've been looking for!

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Do not Let an Economic Down Turn Be Your Down Fall

Seems that every time the economy slows down we see a rise in the number of people falling prey to scams, rip offs and business opportunities that do not do anything but add to their problems. It's a shame that those experiencing financial hardships or worried about their financial future are often the easy marks for Scam Artists and those looking to make an easy buck off of someone else.

This is not to say there are not good business and investment opportunities out there, it just means that you need to take your time and do your homework. There is no easy solution that requires no work and will make you a fortune or replace your income over night.

Beware of multi level marketing plans! Many sold in seminars or with presentations in your home that down play the products while talking about all the money to be made by just recruiting a few people who will recruit a few people. I have seen many clients over the years selling water filters, household products, vitamins and cosmetics, who have a garage full of products or samples and a big credit card bill and little else to show for getting involved in a multi level marketing business. These clients all shared one thing in common, not only did they not make the big money that was promised, they lost what they invested.

Along with new technology have come a number of new ways to separate you from your money. These new opportunities often produce big profits for those promoting them while doing nothing more than separating those buying them from their money. Take for example any of the many companies offering (for a fee) to set-up a web site for you, so you can become a "distributor or retailer" of their travel services, retail products, or information services. All you have to do is pay the fee, then promote your site so people go to your site and buy their products. For performing this simple task you receive a commission and will make piles of money. They are allowing you in on this ground floor opportunity because they just want to help people succeed … "Right". That and the fact that it takes tons of money and lots of time to drive real traffic to a web site, so why should they spend their time and money when they can charge you for the privilege.

From vending machines to payment processing terminals I have seen business opportunities of all types and in every price range. Unlike a franchise, these business opportunities have very little regulation and most have no inning relationship with you beyond selling you some start-up materials and product inventory. They make few if any disclosures about the back ground of the owners, their experience and the success or failure rates of their business opportunity clients in the past.

The scams and rip offs all share one thing in common- they offer easy money, with little or no work, require no special expertise and you need to make a commitment NOW without speaking to competent advisors like your accountant or attorney. Protect yourself and your money, check out every business or investment opportunity, with your accountant and or attorney before you sign on the dotted line and before you part with any of your hard earned money.

Having said all of the above we do not want to insist that there is not money to be made in starting your own business, buying a franchise or existing business, or many other ways. However, all new ventures require lots of hard work and the investment of both time and money. Take your time, do your homework and be prepared to work harder than you have ever worked before and you too can start and run a successful business. Just remember there are no shortcuts, and a little professional advice when starting up can go a long way to protecting your and your money.

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Start Your Own Home Business With Money From These Tips

Are you one of this big dreamers thinking of starting your own business from home? You're one of a growing number of the population who are quitting their day jobs to go out on their own. I feel the same way sometimes. Who would not want to be their own boss. Starting your own business is an everyday dream for some of us that not many will be able to experience.

It is not an easy thing to do, either. Starting a home business, just like any other business, is quite the risky proposition. Can you go with out having a steady stream of income at all times like you would with a nice to five job? This is why it is so important for you to do some advance planning along with having good money management skills. Here are five ways you can find necessary funds for a new home business:

  • The first way to find your home business is use your savings funds. Almost everyone has at least some money saved up for whatever reason. Starting a home business is as a reason as any to use it. Think of it as the foundation of building the company. Cash, stock, retirement plans, 401K plans and home equity can all be counted as funds parts of a savings account.
  • Another option is to open a credit line. These are easy to get as long as you have a solid business plan and can show success over a short period of time. You may even get a bank loan too. Credit is good for a home business because it can help to cover all those monthly expenses that come along with owning one. Having one as a backup plan is not such a bad idea either, even if you never need to use it.
  • The next way to fund your home business is to get a credit card. I know a lot of home business owners who do not get a business credit card because they are afraid of the interest rates. They can be quite invaluable in some instances however. The reason why I am fond of them is because you do not need to be a set and established operating business to get one like most banks require you to do when applying for a line of credit. As I mentioned earlier, be careful of high interests that usually accompanies these cards.
  • You can try asking friends and family members to become investors into your business. Most owners go with this route once they've exhausted whatever available funds they were using such savings accounts or credit cards. Do not think of it as begging for money. No one will help you if you do not have any confidence in your business that you can pay them back. Treat them like you would any other investor by show them your business plan and any marketing strategies you have.
  • Finally, you can approach potential investors outside of your friends and family. One place to look is to ask other professionals who are already successful business owners. Consider asking the local chamber for a small investment. Propose and show how your home business can have a positive benefit for the community. They may be willing to donate to keep it operational.

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Help! Mr Wizard – Time for This One to Come Home

For those of you that may not remember a childhood cartoon, that yielded the statement of this article's title, it was always getting into trouble, and when he reached a point where he needed help, he would always beckon the call of, Mr. Wizard, to come to his rescue. Well, that is what I think is fitting for those seeking a solution to their financial desires of making money online.

Making money online is a sincere desire, for many a would be entrepreneur, and those that are trying willingly to find a capable deal, that is not being presented by a high-tech guru. You know the kind, where you either need a friend in the software industry, that knows how to set up a successful website with all the right buttons and links that guarantee success, or you fail miserably, after spending good money trying to figure out how to do it.

I'm no Mr. Wizard, but I have been selling products online for several years and I took the road of do-it-yourself, along with all the usual failures and pitfalls, but now I want to give you some insights that may help you avoid some of those time and money wasting attempts to do it the wrong way.

Making money online can be a successful venture provided you know what it takes to be successful. Learning the basics in anything you attempt is essential to a long-term success of what you decide to do or become. Finding those lessons that provide the pathway to a successful venture is often the hardest part.

Take for example; how to make 100 dollars a day, that seems to be a reasonable venture that certainly has a doable blueprint. Given the vast knowledge available today online, this should be easy enough to find, or so I thought. There are so many people, that talk a good game, but very few that actually walk the walk they talk about. Learning from others is usually a good source to learn from and a much shorter path as well.

While there are numerous means of making money online and making 100 dollars a day, you need to focus on a given path and follow it, till you see it through and gain the understanding from it, so that you can apply it and pass it on to others as well. Giving back is the right thing to do. Our time on this earth is shorter than we realize and the time we spend here should be shared with our friends and family by passing on that which we have learned along the way.

If we all learn not to hoard or to be greedy, maybe we can reverse the state of our current conditions. There was a time not so long ago, where those of wealth brave back to their workers and shared in their good fortunes. In today's world, the wealthy have become greedy and stingy, so our economy has suffered considering because of it.

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Big Lies About Making Money on the Internet

You have been lied to. How many of these lies have you heard?

-Our website does all the work.
-It's easy, you just place a few ads and the money starts serving in.
-If you can open an email you can do this business.
-You can use free advertising and social media to generate all of your business.

Enough of these lies!

Here is the unpopular and untold truth. No website does all of the work for you. If it was that easy what would they need you for?

It's not as easy to make money placing all those ads as you might think. Many of those ads must be renewed every day or two and depending on the product you are offering, your ads may be rejected. If you're not an experienced copywriter, your ads probably will not accomplish much.

The skill level required to succeed in a home based or internet business is just like that in any other legitimate business, it greatly exceeds the skill level necessary to open email. If you are not focused, dedicated, organized and reasonably intelligent, you will not succeed in this business.

Social media and free advertising is free for a reason. It takes a lot of time and personal effort to generate any volume of traffic at all. Google makes billions because pay per click works.

One more little complication you were probably never told about is that if you try to use Google to direct traffic to some free, replicated or knock off website, Google will slap you down by your account. The folks at Google are very serious about protecting their customers and providing the best possible search results. Maybe that is why so many so-called Gurus are pushing social media and free traffic sources. That is the only kind of traffic they can get to a replicated site. But wait there's more!

Do not get depressed. There really is a way for you to make money online. It does require effort, intelligence and using methods that actually work. You will need a non-replicated original website with a unique domain name. You will need a Google campaign that is managed correctly, most likely by a professional. You will need a good, stand alone, high profit product to sell so that after you go to all the trouble of building a website and generating traffic, you can actually make some money.

What most Gurus want to do is sell you a course that they make money on, then sign you up for all of the affiliate programs that they make money on and then keep you enrolled in some ongoing program that they make money on. None of that pays you!

What you need to do is carefully select a product that you believe in, build a website designed around that one product and use Google to direct targeted traffic to your website. It is not easy being an internet millionaire, but it is not rocket science either.

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Making Massive Money From Home

With the uncertainty of today’s economy and the never ending employee layoffs many are looking how to they could be making massive money from home. There are so many opportunities out there, if you just do your proper research. However, probably one of the most profitable ones are the Internet/online based businesses. These types of businesses don’t require the overhead like many other opportunities do. Plus in most cases all that you need is a computer with Internet access, and a phone. 

Now since we determined what the most profitable types of businesses are to be making massive money from home, we now need to find out how to get started. Well there are different ways to make money online. You could get started by selling someone else’s goods as an affiliate marketer. Another program would be MLM/multi-level marketing. However, most MLM’s do require you to have an inventory of products where you will be required to ship products upon the sales that you make. I think the best way to produce a healthy income online is what is known as the Direct Sales Marketing. 

With Direct Sales, you will be joining an Internet business that has all of the guess work figured out for you. Plus, many of these making massive money from home opportunities are 98% to 100% fully automated. This means that pretty much once you have everything setup and working it will work on auto-pilot for you. One thing that I highly recommend though is to make sure that the Direct Sales business opportunity that you are looking at has some of the best products. You will be more successful if you are selling products that people actually want and need. 

The last thing is to make sure that the company and the leader of the company are solid. Be certain that they will be around for a long time, so you will be able to build your business and produce results in the future. Also, make sure the company offers training and support. This will be very crucial and determine your success or failure when it comes to making massive money from home. 

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