Profits4You

Money Manager


Here are my weekly money savings tips:

1. Maintain a good credit score! It will save you thousands of dollars in the short and long term when you need to borrow money to buy a car or a home. Creditors will give you an interest rate and the loan amount based on your income and credit score.

2. Large sums of money should NEVER be left in a checking account or even a low-interest bank savings account. Rather, put the money into a high interest savings account (like an ING savings), money market fund, or other forms of short term high interest investments with a fixed return.

3. If you have an employer matching 401K plan, maximize your contributions, so that you double your money!

4. Set aside 10% of your paycheck towards some form of long term savings account, like a money market account, mutual fund, retirement plan, or 401K. As you pay amount increases, your contribution will also increase automatically. 10% will also ensure that you stay ahead of inflation.

5. One of the best investments you can make is to first pay off all your high credit card debts. Credit cards typically carry a high interest rate and by paying off these debts, you get one of the best returns available which also is tax-free.

6. If you are losing sleep over an investment, whether its a stock, mutual fund, or retirement plan, its not worth it! Your lack of sleep is probably a good indication that it may be too risky, too good to be true, or just not the right invesment for you.

7. If an investment is projecting returns that are just too good to be true, they probably are. Unless you are intimately involved in the investment or are an insider, an investment that sounds too good to be true is probably too ambitious, too risky or just a scam.

8. Before you invest in something, always do your own research. Consulting with others and getting a second opinion is good, but you need to investigate for yourself. The internet is typically the best source for lots of information but make sure you read enough or get relevant data.

9. Always negotiate for commissions or fees paid for financial or real estate advice. Don’t be misled by standard commissions and “non-negotiable fees”. It is your money and the experts work for you.

10. Can’t get out of debt? If you are having problems meeting your debt payments each month and feel like you are digging a deeper hole, go talk to your creditors and banks to find a solution to get out of the mess. Beware of debt consolidators as they could charge higher interests in the long term and get you even deeper into debt.

If you like any of these tips, have questions on some, or have some feedback, I would like to hear from you. Visit this article by clicking on http://www.financialresource.org/blog/10-money-saving-tips/ and Post your comments. Look for more money saving tips each week!

Happy Springtime and be Money Smart!



Jeff

Joshua Mintz


What Are The Most Profitable Online Products? Other wise known as the ‘Million Dollar’ Question, it seem’s to elude Internet Marketers like a rite of passage. We seem to spend 90% of our time trying to answer that exact question. Wasting valuable time that could be used for product and site promotion. You know, doing things that actually create sale’s.

But somehow, no matter how many time’s I attend a webinar or read an ebook that claims to show us how to find profitable products that will ‘dump’ cash into our bank accounts 24 hours a day, ‘while we sleep’ ,  I still come away with out any real strategy on how to find a real profitable product or market. I dont blame the ‘guru’s’ and I really do understand that there really are no ‘sure’ things. But havnt you ever wondered why there arent any statistics that can atleast tell us which products are sold the most online?

I do. And I have searched high and low. I have probably searched for that as much as I have searched for acutal profitable products.

The answer is just not to be found. Until now.

As a matter of fact. Someone has just released a list. This someone is probably the most well known internet marketer on the planet. He has proven why he is the absolute best at selling products online.

And now he has proven his true marketing genius. His name is Ewen Chia and he is doing the exact thing that he has taught all of his students over the past 10 years,

He has found a major problem for his market and he has provided the solution for the problem.

The solution is a full 65 page report that details the 100 Most Profitable Online Products.

Click Here For Immediate Access To View The 100 Most Profitable Online Products

This list comes with a full report that shows lusky viewers a complete business model that Ewen personally uses everyday to capitalize on wide open, under utilized internet markets.

Whether you are a new marketer, or a marketer that knows about marketing, but would love to get your hands on this incredible list, this product is a perfect solution. 

Every single market on the list is fully described in complete detail. You will know everything about these profitable online products:

Look at a complete consumer profile Learn exactly what the buyers look like Find out what they are looking for The list will show you what problems these markets face Find out what you can do to solve these problems And best of all, Ewen show’s you which products to sell   All the work is pretty much done. You will even learn the FREE traffic method’s that are used by marketers everyday to bring targeted – profitable traffic to sites and sales pages.

This list is a dream for marketers everywhere that just want to know which products are profitable.

There is no over-hyped promises or beating around the bush. You want to know what the most profitable on line products are – and thats what you will get.

If you are ready for a complete profile of the 100 Most Profitable Online Products, tha\en you need to look no further. This is the answer to the Million Dollar question.

If there was ever a time to take action, this is it. This product will be open to the public soon, and when it does, the price will be doubled.

Act now and save yourself some time and some money. Just follow the link below.



Vanessa

Donald Mitchell


Many business leaders believe that they should just keep doing what’s always worked. In some areas of business, such as providing good service, that can make sense. But often too much consistency holds a business back from earning its full potential. To capture more of that potential, businesses should continually upgrade their business models (who, what, when, why, where, how, and how much of what they offer). Here are three examples of how to think about this question in terms of the dimensions who, where, and what.

Who Is Served and Where

Let’s first look at “who” is served. The lesson is to keep it simple. Change as little as possible while becoming more efficient and effective as an organization for your customers and beneficiaries. The simplest way to do this is to put more volume through an existing organizational structure without adding fixed costs or increasing the ratio of variable costs to sales.

In a for-profit organization you will naturally first want to attract the most profitable potential customers. If current customers buy a very small percentage (say 1 to 2 percent) of their needs from you, such a profitable expansion may simply be possible by selling 40 to 50 times more to selected current customers. You are already spending time and money to gather a small part of these customers’ total requirements. In many cases your overhead costs to provide more products and services would not increase.

Let’s assume your current pretax profits are 10 percent of sales and your contribution to profits before overhead costs is 30 percent of sales. This circumstance means that selling more of the same mix of offerings at the same price to an existing customer would almost triple the profit contribution margin on the increased sales. Were that to occur, a 20 times increase in volume would lead to a 60 times increase in profits!

By contrast, if an organization picks people and organizations to serve who are located far away and desire less profitable offerings, this choice of who is served and where to serve them can increase costs to serve each customer and beneficiary versus doing more with the same customers. For instance, if the for-profit company seeks to serve new customers globally who require local support, the company’s overhead and the cost of offerings may grow faster than revenues. In that case, absolute profits may decline or even turn into a loss. See Exhibit 1 which quantifies this circumstance.

Exhibit 1: Adding Less Profitable Revenues in Diverse Locations Increases Offering and Overhead Costs

More volume doesn’t automatically translate into more profits. If you have to sell items with less profit contribution as a percentage of sales due to new customer preferences and your overhead costs grow, you’ll more than offset the profit gain you hoped to obtain. In this example, the corporate overhead cost remains almost constant as a percentage of sales through the need to support more geographic areas with administration, while the profit contribution percentage drops from 30 percent to 20 percent. However, if overhead costs go up enough as a percentage of revenues, the effect can be to turn a profit into a loss.

Annual Pro Forma Financials Before Volume Expands

Revenues $1,000,000

Cost of providing offerings $700,000

Profit contribution $300,000

Corporate overhead cost $200,000

Pretax profit $100,000

20 Times Volume Increase with Higher Offering Costs and Overhead

Revenues $21,000,000

Cost of providing offerings $16,800,000

Profit contribution $4,200,000

Corporate overhead cost $4,150,000

Pretax profit $50,000

What Is Served

Selling or providing more of what you already offer can be a big help in creating efficiencies. But sometimes you are serving virtually all of someone’s needs for those items.

When that happens, consider what else you can profitably sell or provide at a fair price with desirable qualities and service that the customers you already have want to buy. The advent of the Internet makes this evaluation much more potentially rewarding because postal, air freight, and electronic delivery choices enable you to serve most of the world.

As with the previous examples, this for-profit challenge requires considering the potential volume and the effects on overhead costs and profit contribution margins. Exhibit 2 shows the kind of effect that a positive change in volume can make by adding volume through more profitable items that do not increase overhead costs very much.

Exhibit 2: Adding More Profitable Items to Expand Revenues Without Increasing Overhead Costs as Rapidly Further Speeds Profit Growth

This example shows the profit multiplying potential of increasing profit contribution margins from 30 percent to 40 percent while decreasing corporate overhead costs from 20 percent to 3 percent of revenues. The result is a 7,700 percent profit solution. If revenues could be grown even more, a 40,000% solution (a 2,000 percent squared solution) could result.

Annual Pro Forma Financials Before Volume Expands

Revenues $1,000,000

Cost of providing offerings $700,000

Profit contribution $300,000

Corporate overhead cost $200,000

Pretax profit $100,000

20 Times Volume Increase with Higher Profit Contribution Products and Limited Additional Overhead Expenses

Revenues $21,000,000

Cost of providing offerings $12,600,000

Profit contribution $8,400,000

Corporate overhead cost $600,000

Pretax profit $7,800,000



Eugene