Business and Marketing » money http://businessgoonline.com Insight on Business And Markets Sun, 27 Jun 2010 12:36:23 +0000 en hourly 1 Start a business with affiliate programs http://businessgoonline.com/start-a-business-with-affiliate-programs/ http://businessgoonline.com/start-a-business-with-affiliate-programs/#comments Sun, 23 Aug 2009 12:47:01 +0000 Business http://businessgoonline.com/?p=162 If you have a website or blog, why don’t you make it earn money for you. With the advances in technology today, a new way to make money is to participate at web based affiliate programs. Affiliate program is defined as an arrangement in which an online business or merchant pays the online affiliate partner a commission for sending them traffic or sending them a sale.

The affiliate partner post the merchant’s link to their website or blog and are paid according to an agreement which can be based on the number of people the affiliate sends to the merchant’s site (or can be said as pay per click), or the number of sales generated. Commissions earned can be very generous with little work required from the website owner.

Consider investigating affiliate programs such as DVD rental, hotel room rental, sporting apparel, toys, grocery or daily consumable where you as a webmaster can earn income from the support of your website visitor. This is a simple money making method as well as home based business for anyone  that has a website or blog presence. The only time and effort involved is in creating the original link and asking your members to support the sites you are affiliated with and you may also interested on how to drive traffic to your website.

Estimated cost of start up: USD 1000
Basic start up kit: PC/laptop, internet connection, website(hosting + domain).

]]> http://businessgoonline.com/start-a-business-with-affiliate-programs/feed/ 0 Managing cash flow http://businessgoonline.com/managing-cash-flow/ http://businessgoonline.com/managing-cash-flow/#comments Tue, 28 Jul 2009 13:29:04 +0000 Business http://businessgoonline.com/?p=124 Money flows in and money flows out in every home based business, managing the cash available for your home based business may be tricky because cash keeps the business operating. Managing cash flow is the top priority for all home bases business owner, even though you are hiring an accountant to manage your cash, but you have still familiarize yourself with the basic accounting and cash management. Every successful business owner would be aware of their financial situation and never leave alone in hands to anybody else.

The key elements of cash management are:
- Open a business bank account
- Develop an accounting system
- Establish payment term for your service or product provided
- Make sure getting paid on time
- Debt collection when necessary

Information about taxation, merchant account registration, receiving e-payment should also need to be considered in managing cash in this topic.

]]> http://businessgoonline.com/managing-cash-flow/feed/ 0 Type of start up capitals http://businessgoonline.com/type-of-start-up-capitals/ http://businessgoonline.com/type-of-start-up-capitals/#comments Sat, 02 May 2009 02:53:38 +0000 Business http://businessgoonline.com/?p=27 After you have identify the cash available from your own account, now is the time for you to look for other financial sourcing to fund for your home based business during the start up. Generally, there are three types of capitals for a home based business, in fact for any business:

i) Start up capital

Capital that the business owner need to jump start the home based business, where this capital can be used to purchase manufacturing equipments, office furniture, office stationary, business license, inventory, and etc.

ii) Working capital

Capital for the business owner to pay the monthly utilities bill, monthly operating expenses, staff’s salary and so on. This capital have to be continuously funded until your home based business meet the financial breakeven point. Most of the businesses fail because of the insufficient funds from working capital and they lost their start up capital to achieve the positive cash flow.

iii) Growth capital

As the name suggest, this is the capital that the business owner need to expand their home based business. I would say this capital is the least important among the three required capitals unless the business reach the financial breakeven point.

All three capitals are important except for the first two are vital if you are not able to meet the breakeven point. The business owner have to find a way to continuously funding for the working capital on their home based business and keep the business rolling, otherwise your business will be easily falls into failure at the end of the day.

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