Tuesday 23 September 2008

Make Money with Currency Trading

Make Money with Currency Trading

By Rich McIver

For those unfamiliar with the term, FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970's, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.

FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.

Another somewhat unique characteristic of the FOREX money market is the variance of its participants. Investors find a number of reasons for entering the market, some as longer term hedge investors, while others utilize massive credit lines to seek large short term gains. Interestingly, unlike blue-chip stocks, which are usually most attractive only to the long term investor, the combination of rather constant but small daily fluctuations in currency prices, create an environment which attracts investors with a broad range of strategies.

How FOREX Works

Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.

Marginal Trading

Marginal trading is simply the term used for trading with borrowed capital. It is appealing because of the fact that in FOREX investments can be made without a real money supply. This allows investors to invest much more money with fewer money transfer costs, and open bigger positions with a much smaller amount of actual capital. Thus, one can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital. Marginal trading in an exchange market is quantified in lots. The term "lot" refers to approximately $100,000, an amount which can be obtained by putting up as little as 0.5% or $500.

EXAMPLE: You believe that signals in the market are indicating that the British Pound will go up against the US Dollar. You open 1 lot for buying the Pound with a 1% margin at the price of 1.49889 and wait for the exchange rate to climb. At some point in the future, your predictions come true and you decide to sell. You close the position at 1.5050 and earn 61 pips or about $405. Thus, on an initial capital investment of $1,000, you have made over 40% in profits. (Just as an example of how exchange rates change in the course of a day, an average daily change of the Euro (in Dollars) is about 70 to 100 pips.)

When you decide to close a position, the deposit sum that you originally made is returned to you and a calculation of your profits or losses is done. This profit or loss is then credited to your account.

Investment Strategies: Technical Analysis and Fundamental Analysis

The two fundamental strategies in investing in FOREX are Technical Analysis or Fundamental Analysis. Most small and medium sized investors in financial markets use Technical Analysis. This technique stems from the assumption that all information about the market and a particular currency's future fluctuations is found in the price chain. That is to say, that all factors which have an effect on the price have already been considered by the market and are thus reflected in the price. Essentially then, what this type of investor does is base his/her investments upon three fundamental suppositions. These are: that the movement of the market considers all factors, that the movement of prices is purposeful and directly tied to these events, and that history repeats itself. Someone utilizing technical analysis looks at the highest and lowest prices of a currency, the prices of opening and closing, and the volume of transactions. This investor does not try to outsmart the market, or even predict major long term trends, but simply looks at what has happened to that currency in the recent past, and predicts that the small fluctuations will generally continue just as they have before.

A Fundamental Analysis is one which analyzes the current situations in the country of the currency, including such things as its economy, its political situation, and other related rumors. By the numbers, a country's economy depends on a number of quantifiable measurements such as its Central Bank's interest rate, the national unemployment level, tax policy and the rate of inflation. An investor can also anticipate that less quantifiable occurrences, such as political unrest or transition will also have an effect on the market. Before basing all predictions on the factors alone, however, it is important to remember that investors must also keep in mind the expectations and anticipations of market participants. For just as in any stock market, the value of a currency is also based in large part on perceptions of and anticipations about that currency, not solely on its reality.

Make Money with Currency Trading on FOREX

FOREX investing is one of the most potentially rewarding types of investments available. While certainly the risk is great, the ability to conduct marginal trading on FOREX means that potential profits are enormous relative to initial capital investments. Another benefit of FOREX is that its size prevents almost all attempts by others to influence the market for their own gain. So that when investing in foreign currency markets one can feel quite confident that the investment he or she is making has the same opportunity for profit as other investors throughout the world. While investing in FOREX short term requires a certain degree of diligence, investors who utilize a technical analysis can feel relatively confident that their own ability to read the daily fluctuations of the currency market are sufficiently adequate to give them the knowledge necessary to make informed investments.

Rich McIver is a contributing writer for The Forex Blog: Currency Trading News

( http://www.forexblog.org ).

Article Source: http://EzineArticles.com/?expert=Rich_McIver

Thursday 10 July 2008

How to earn money fast?

How to earn money fast?

Best Answer - Chosen by Asker

Best, legal and safe way to earn on internet is by joining paid survey sites. Paid survey sites pay you for your opinion on various topics.
Don’t pay for any survey program to join. There are many free to join paid survey like survey savvy they pay more then 5 $ per survey. Always check for on which site you are registering is BBB (Better Business Bureaus) certified.
Global Test Market
http://globaltestmarket.com/join.php?lan...
Survey Savvy
http://www.surveysavvy.com/ss/ss_index.p...
Opinion Surveys
http://gozing.directtrack.com/sw/2160/CD...
Ciao!
http://gozing.directtrack.com/sw/2482/CD...
spiderMetrix.com
http://www.spidermetrix.com/sm120.php3?r...
SendMoreInfo.com
http://www.sendmoreinfo.com/3043150/3043...
Morvo.net
http://www.morvo.net/8621324

Or you can check the website http://www.dollarmantra.com for more earning recourses.

13 Ways to Earn Money Fast

13 Ways to Earn Money Fast
by Jennifer Howze

Everybody needs a quick infusion of cash from time to time. These ideas bring in money fast, and many can also be done at flexible times, so it's easier to arrange child care with a friend or family member for free.

  • Have a garage sale. By using a few easy tricks, like posting fliers at grocery stores and Laundromats, making signs that can be seen from nearby busy streets and displaying your items in a department-store style, you can increase the amount your sale brings in. Find out how to earn more with Garage Sale 101 tips.
  • Sell on eBay. Books, CDs, unused sports or exercise equipment, clothing, novelty items -- people buy all kinds of things. Even if you're selling several small items, the money can add up. Just make sure the buyer, not you, pays the cost of shipping.
  • Put clothes on consignment. This is an especially good way to get rid of clothing like fancy dresses (think old prom gowns and cocktail dresses you'll never wear again), but anything in good condition can be put on consignment. You share the money from the sale with the consignment shop, but it's an easy way to squeeze some money out of clothes that would otherwise just take up closet space.
  • Perform household services. You can earn some money informally by letting friends, family, church members and others in your community know that you're available to clean their houses or apartments, or to take in ironing. If you find you have a knack and stamina for cleaning quickly and thoroughly, you can turn this into a regular, reliable way to earn extra money every month.
  • Have a bake sale. Do you make killera chocolate chip cookies? chocolate chip cookies? Are yummy breakfast burritos your specialty? If so, why not bring in your items once a week to your job and sell them to coworkers and other businesspeople in the vicinity? If you don't have a job, what about a friend's workplace, a community center or a nursing home? Put the word out beforehand and gauge the response as you go, so you don't end up with a lot of leftover food. By talking up your home-baked goodies and arriving at the same time every day or every week, you may find that people start to anticipate your arrival. You can start a cottage industry along the lines of Mary's Monday Cookie Break when you come around to hawk your wares.
  • Sell homegrown fruits and vegetables. You don't have to have a farm to produce delicious, delicious, organic produce. By presenting your goods in an appealing way (save the plastic or cardboard produce containers from the grocery store and tie them with a distinctive ribbon or desktop-printed label), you give them niche appeal, and you can sell them much the same way as baked items, listed above.
  • Have a family car wash. Enlist your spouse, your kids and their friends on a Saturday to hold a car wash. Talk to local merchants who have parking lots and ask them to donate the space, or set up an assembly line on your street. By naming the event ("The Annual Jones Family Car Wash") and highlighting an upbeat family goal ("We use this car wash to pay for the kids' extracurricular school activities"), you give people a reason to join your cause.
  • Do gardening services. Mowing lawns is a perennial summer job for kids. If you have a mower, encourage your children to launch a business -- or do it yourself. In addition, you can also weed or haul gardening rubbish to the dump (often garbage services won't remove it).
  • Provide man-with-van services. Or, in this case, woman with van (or truck). This service is great for people who need to move a single piece of furniture or for young people who don't have a lot of stuff. If you're able to do moves on your own or with a helper like a friend or spouse, you can position yourself as a mother's helper (a woman living alone might feel more comfortable having another woman moving something into or out of her home). If you don't have a lot of physical strength, your husband and a cousin, uncle or son can do the heavy lifting and you can take care of scheduling and follow-up. A small classified ad in the local paper is an economical way to advertise.
  • Get a paper route. While we often think of paper delivery as a job for a boy on a bike, all kinds of people pick up extra cash this way. Because papers are delivered in the morning, it's possible to complete a route before the regular workday starts, or before your kids are up. (Just make sure you catch up on your sleep by going to bed early at night!)
    • Dog walk and pet sit. Owners are always looking for reliable pet-care services. Plus, if you stay home with your kids during the day, a regular dog-walking gig is a great way to get everyone out of the house for some fresh air and earn extra money. Put the word out at pounds, the ASPCA, the local veterinarian's and dog runs. Be prepared to provide references from anyone you've ever sat for before. Learn how you can also turn pet sitting into a home business.
    • Babysit. To provide regular child care in your home, you'll often need to be accredited and registered with the state. But occasional babysitting in your home or someone else's is more straightforward. You might already babysit for friends for free, but by reaching out in your community you can find parents whom you would feel comfortable charging a reasonable fee -- such as those belonging to common churches, PTAs or playgroups. Depending on your schedule, you can position yourself as a last-minute resource, a Saturday sitter while Mom does errands, a date-night sitter and so on.
    • Rent out a room. This option might take longer than some of the others listed here, but it can provide steady income for a set period of time, or even indefinitely. It might require that your kids share a bedroom or that you give up a family room in the house, so everyone in the family should be prepared for the changes. And of course care should be taken to pick carefully to ensure you get a trustworthy boarder. This is an especially good option if you live near a university or technical college. Eighteen- to 22-year-olds will more likely be fine renting a room with kitchen privileges than older people, and you'll be able to rent on a semester basis.


Friday 6 June 2008

10 New Ways to Make Money Online

by Anne Zelenka

moneySo you want to ditch your corporate cubicle and join the ranks of web workers? But you have a mortgage, maybe a dependent or two, and a taste for Venti Mochas from Starbucks? You can make money in the new economy, though it might not be as easy or cushy as keeping your old economy job.

I’m not talking about advertising or affiliate marketing or selling your junk on eBay. Those are so last millennium! I’m talking about the new new economy.

1. Offer your professional expertise in an online marketplace.These days, you can do more than just sell your old books via Amazon and your old Coach handbags via eBay—now you can sell your professional capabilities in a marketplace. No longer are you limited to looking for a permanent or contract job on Web 1.0 style job sites like Monster or CareerBuilder. The new breed of freelancing and project-oriented sites let companies needing help describe their projects. Then freelancers and small businesses offer bids or ideas or proposals from which those buyers can choose.

Elance covers everything from programming and writing to consulting and design, while RentACoder focuses on software, natch. If you’re a graphic designer, check out options like Design Outpost or LogoWorks–you don’t have to find the customers, they’ll come to you. Wannabe industry analysts might sign up for TechDirt’s Insight Community, a marketplace for ideas about technology marketing.

2. Sell photos on stock photography sites. If people regularly oooo and aaaaah over your Flickr pics, maybe you’re destined for photographic greatness or maybe just for a few extra dollars. It’s easier than ever to get your photos out in front of the public, which of course means a tremendous amount of competition, but also means it might be an convenient way for you to build up a secondary income stream. Where can you upload and market your photos? Try Fotolia, Dreamstime, Shutterstock, and Big Stock Photo.

3. Blog for pay. Despite the explosion of blogs, it’s hard to find good writers who can turn around a solidly-written post on an interesting topic quickly. GigaOM is always looking for bloggers with great content ideas and solid writing skills. How do you get noticed? Comment and link to blogging network sites. Write blog posts that are polished and not overly personal (although showing some personality is a plus).

4. Or start your own blog network. If you like the business side of things–selling advertising, hiring and managing employees, attracting investors–and have the stomach to go up against the likes of Weblogs, Inc., GigaOmniMedia, b5media, maybe you should make an entire business out of blogs. Don’t make the mistake of thinking you’ll get a lot of time to write yourself though.

5. Provide service and support for open source software. Just because the software is free doesn’t mean you can’t make money on it–just ask Red Hat, a well-known distributor of Linux that sports a market cap of more than four billion dollars. As a solo web worker, you might not want to jump in and compete with big companies offering Linux support, but how about offering support for web content management systems like WordPress or Drupal? After getting comfortable with your own installation, you can pretty easily jump into helping other people set them up and configure them.

6. Online life coaching. Who has time to go meet a personal coach at an office? And don’t the new generation of web workers need to be met by their coaches in the same way that they work: via email, IM, and VoIP? You could, of course, go through some life coaching certification program, but on the web, reputation is more important than credentials. I bet Tony Robbins isn’t certified as a life coach–and no one can argue with his success. For an example of someone building up their profile and business online as a coach, check out Pamela Slim of Ganas Consulting and the Escape from Cubicle Nation blog.

7. Virtually assist other web workers. Freelancers and small businesses desperately need help running their businesses, but they’re not about to hire a secretary to come sit in the family room and answer phone calls. As a virtual assistant, you might do anything from making travel reservations to handling expense reimbursements to paying bills to arranging for a dog sitter. And you do it all from your own home office, interacting with your clients online and by phone. You can make $20 and up an hour doing this sort of work, depending on your expertise.

8. Build services atop Amazon Web Services. Elastic computing on AWS is so cool… and so incredibly primitive right now. Did you know that you can’t even count on your virtual hard drive on EC2 to store your data permanently? That’s why people are making money right now by offering services on top of AWS. Make it easier for people to use Amazon’s scalability web infrastructure like Enomaly has with elasticlive, a scalable web hosting platform built on AWS.

9. Write reviews for pay or perks. If you blog for any length of time on a particular topic–parenting, mobile phones, or PCs, for example–you will likely be approached to do book or product reviews. You can get free stuff this way, but are you selling your soul? Is there any such thing as a free laptop? These are decisions you’ll have to make for yourself, because no one agrees upon what ethical rules apply to bloggers. Even less do people agree on services like PayPerPost that pay you to write reviews on your blog. Check out disclosure rules closely and see whether such a gig would meet your own personal standards or not.

10. Become a virtual gold farmer. A half million Chinese now earn income by acquiring and selling World of Warcraft gold to gamers in other countries. If you’re not a young person living in China, this probably isn’t a viable option for you. But what’s intriguing about it is the opportunity to make real money working in a virtual economy. People are making real-world money in Second Life too.

10 ways to make money

10 ways to make money

If you're looking at ways to supplement your income, here are some options other than working behind a bar or stacking shelves at a supermarket.

1 Police ID parades
Taking part in identity parades is easy money - you just have to stand there - but work is irregular and may depend on your appearance. Many police forces now use video line-ups but you can still get a one-off fee of £10 for being filmed.

Average pay: £10 for the first hour, £5 for every hour after that.
More info: ask at your local police station.

2 TV/film extra
Production companies need people of all shapes and sizes and if you're over 18 but look younger you'll be especially popular, as you can save them the cost of a chaperone for a child actor. Don't expect to meet the stars, though.

Average pay: £80 a day, with bonuses for things like providing your own costume or doing a 'walk-on'. Overtime is paid at around £11 an hour.
More info: there's a list of extras agencies at UK Screen

3 Campus brand manager
All sorts of companies hire students to promote them on campus, from film distributors to sportswear firms. You'll get plenty of opportunities to demonstrate your business acumen, but the work can be time-consuming.

Average pay: £300 a term, though some firms only pay on a commission basis.
More info: look for notices on student job boards.

4 Trading on eBay
'The World's Online Marketplace' has one million registered users in the UK alone so there's bound to be someone who'll pay for anything you have to sell. Start with stuff you don't want (old CDs, clothes, toys) to get a feel for it.

Average pay: the sky's the limit - but unless you're selling something rare or valuable, don't expect to make a fortune.
More info: go to eBay and click on 'eBay explained'.

5 Pose as a life model
You don't have to be beautiful or in particularly great shape but you do have to patient, able to sit still and perhaps not wince at what an artist makes of you. But good models are in demand.

Average pay: from £6 or so an hour clothed, to £7 or so an hour unclothed outside London; a little more in the capital.
More info: contact art colleges and adult education colleges near you.

6 In-store demonstrator
There's lots of work for confident, personable people in supermarkets and department stores. You might be required to show off your ironing skills, hold a food tasting or demonstrate a new kitchen gadget, for example. Hours are often in the evenings or during weekends so can fit around your studies.

Average pay: varies, but can be up to £10 an hour.
More info: search for 'field marketing agencies' on the Internet.

7 Event stewarding
Concerts and sports fixtures employ a small army to help with organisation. The necessary training will be provided on the day but don't view the job as a free ticket. Stewards at football matches, for example, are expected to face the crowd, not watch the game.

Average pay: rates start at £5 an hour; with training you can earn up to £15 an hour.
More info: try Recruit Event Services.

8 Online surveys
To make money completing surveys, all you need is a computer and some opinions. You'll be asked what you think of various products and services, and sometimes be sent things to try out. However, there are scam survey websites so do some research.

Average pay: £3-£50 for each survey, depending on how long it takes. However, you'll have to pay a registration fee (around £20) up front.
More info: UK Paid Surveys rates and reviews the best sites.

9 Mystery shopping
Some men would pay good money not to go shopping, but 'mystery shoppers', on the other hand, get paid instead. It's not just about going to shops but perhaps to restaurants, bars or to stay in a hotel and report on how the customer's being treated. You'll get all the money for your meals, drinks or bills repaid and you may get to keep the shopping, too - unless, of course, it's diamonds.

Average pay: from £6 a visit, but could be as much as £100 a day.
More info: try the Mystery Shopping Agency on 020 8325 8974 or Retail Eyes

10 Internet researcher
You may have grown up taking the Internet for granted but there are plenty of people who aren't familiar with it or are too busy to spend time on it. So if you're skilled at extracting information from a web search, you can hire yourself out as a researcher for people like lawyers and writers.

Average pay: £10 an hour
More info: look for notices on student job boards or contact likely clients in your area.

Important information
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This article is not a substitute for obtaining professional advice from a qualified person or firm.

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Unusual Ways To Make Money

Unusual Ways To Make Money: The Pages

We've tried some of these ways. A few years back, my wife and I have sold a lot of rocks, for example. Others ways we've read about, like the man who finds treasure in vacuum cleaner dust. Then there are things we've seen people do to make money. We once met a man at a campfire who sold stuffed animals on the side of the highway.

Make or Save Money
This Month's Unusual Way
Treasure In Vacuum Cleaner Dust

A man in California offered to take the shag carpet when a large old theater was being remodeled, saving the new owners the cost of disposal. The theater had been closed for years, but during the thirties it was a place where the wealthy went for entertainment. The wealthy, like all of us, lose things, but more valuable things perhaps.

When the old carpet was cut up and carefully shook out, it was found to contain over $2,000 worth of precious stones, rings, and coins. Wondering what may be caught by vacuum cleaners, the man then arranged to take the full cleaner bags from several cleaning companies each week. It saves them disposal costs, and he regularly finds coins and small jewelry when he digs through the dirt.

Excerpted from the page
Make Money Finding Things

Make Money Finding Things is a page about treasure hunting - in unusual ways. Get the rest of the story on diamonds in parking lots, and treasure in vacuum cleaner dust.

Making Money Using What You Have is about using the skills, situations and things you already have to produce extra income. Do things, make things, rent things, sell things, and more.

Making Things To Make Money is for those who like working with their hands. I sold hundreds of walking sticks one summer, for example.

Money Making Hobbies : Find a way to make money with your current hobby, or find a hobby that you'll enjoy and make money with.

Playing With Money : Be a loan-shark? Beat the dealer at blackjack? All sorts of unusual ways to play with your money to make more.

Making Money With Real Estate : Some unusual ways to make money with land and houses and hilltops.

Even More Unusual Ways To Make Money: There are some fun ones here, including the man who sold stuffed animals on the side of the road.

Unusual Jobs : You don't have to start your own business to make money in unusual ways. Want to know what a "Wrinkle Chaser" is?

Make Money Buying And Selling Cars For Profit : (off-site link) How to work from home selling used cars and make $300 to $3000 per car.

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Ways For Kids To Earn Money - Six good ideas for kids nine-years-old and up.
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Financial Trouble: It Starts In Your Mind - What about YOUR mind?
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New Website: www.ColoradoTreasureHunting.com, home of The Great Colorado Treasure Hunt

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101 Ways to Make Money Online

101 Ways to Make Money Online

by: Jeremy Zongker


We often recommend earning some extra income on the side as a method for paying off debt. Many people reply that they don't really have a means of doing so or their situation doesn't allow them any time away from the kids, etc to have a second job. Here is a list of 101 ways you can earn some extra cash online to help you out.

Like to Talk?

1. Blog for Ad Revenue – Start a blog on a topic you love, build up a reader base and make money from ads on your site.

2. Be a Forum Moderator – Keep out the spam and build a community and you can earn a little cash on the side moderating forums.

3. Write Articles for Websites – Content is King on websites. Keeping sites updated with fresh, high quality content is a chore for website owners and often outsourced. If you’re a good writer with experience in an area you can make a living off of it. Debbie Dragon is a frequent contributor here and also teaches a class on freelance writing.

4. Be a Guest Author – Some higher quality sites will pay between $50 - $400 for a solid article on a topic their readers are interested in. The results are never assured with this method, but the rewards are much higher.

5. Get Paid to Post in Forums – No one wants to post in an empty forum, so webmaster will hire forum posters to help kick start their forum and make it look active. Get paid between $0.10 - $0.25 per post to help get a forum started.

6. Start a Podcast – Basically the same as with a blog, but with audio or video. Talk about what you want and make money from the ads.

7. Get Paid for Forums You Already Talk On – Many forums offer a revenue share program where you can run your own ads on threads you create. This is something Destroy Debt offers. Take advantage of it.

8. Translate Documents – Automated translation is no substitute for humans. If you speak a second language, translate documents and get paid.

9. Be a Life coach or Counselor – Many people would rather talk to a counselor through the safety of the Internet. Offer your advice at an hourly rate.

Are You a Gamer?

10. Farm Gold – Regardless of which online game you like to play there’s always people selling in game money for real money. It may be against the terms of the game but it isn’t illegal. Just make sure you’re making more than your subscription fee.

11. Participate in Gaming Tournaments – If you’re good enough consider entering gaming tournaments. Several of them give away serious cash and prizes.

12. Buy In-Game Real Estate – This was popularized by Second Life. Buy and develop land in the game and it can fetch you cash in the real world. You could become a millionaire like Ansche Chung.

13. Open an In-Game Store – Another one from Second-Life. Many people have made big bucks selling tshirts, pets, and just about anything else you can imagine in the game.

14. Be a Tester – A paid game testing job is hard to come by, since so many people will do it for free, but they do exist.

Would you Like to Be a Middle Man?

15. Put a US Face on an Overseas Business – People outsource overseas because it’s much cheaper. However due to communication problems and some bad experience people are also weary of it. Find some workers overseas you can trust who have a particular talent, and open a US store front offering that service. Charge the premium rates for a US company and “oversee” the overseas work.

16. Organize Forum Posters – When starting a forum many webmasters will hire posters to get it started. Paying 50 people $5 each is a pain and you never know the kind of work you’ll get. Put together a team and provide a one stop shop for webmasters.

17. Offer Client Referral Exchanges – Programmers often will get more projects at one time than they can handle and have to refer them off. Pay these programmers 10% to refer clients to you, and charge other developers 20% to send referrals to them. Pocket the difference. The same is true with other professions.

18. Be a Link Broker – Many people want to buy quality links for their websites while others want to sell them. Be the middleman to make these connections and make a profit on the price difference.

19. Sell Websites and Domains for Others – Some people have quality websites or domains but either don’t know how or don’t have the time to go about selling them. Provide this service and charge a 10% fee.

20. Refer Others to Jobs – Many firms will pay referral bonuses of $500-$1,000+ for referring the right candidate for a job. Develop relationships with recruiters and scour job boards for candidates that fit. Make the connection and pocket the cash.

Can You Program?

21. Write Software for Resale – I’ve personally bought tools on a number of occasions I knew I could write myself just because they were cheap enough to justify buying them instead of spending the time to write it.

22. Write a Web Component – I’m sure you’ve bought fancy drop down menus, charting, comboboxes, etc before. If not with your own money than for a project at work. Write a component like this and sell it.

23. Develop Websites for Others – This is kind of a no-brainer. Do some side work, you can probably charge 2-3x per hour what you get paid for your day job. Sites like Rent A Coder and Elance can put you in contact with buyers.

24. Automate Manual Jobs and Charge per Job – I’ve seen several people asking for forms to be populated from Google Maps or Yahoo Answers data. Write a quick app to do this, but charge per entry the same as if you were manually doing it.

25. Extend Existing Software – Create a plugin, build a storefront package on top of Amazon Web Services, make a bulletin board system more SEO friendly, or whatever you dream up. By extending the functionality of existing software, you can quickly build a user base.

26. Start Your Own Search Engine – Not from scratch, Google provides a great API for you to build your own custom search engine. Build one around a certain topic, provide a better design or give out random prizes. When people search from your site and click on the ads, you get credit.

27. Build Canned Websites for Resell – Create a website for a particular industry once, give it a descent admin and then resell copies of it over and over. Just swap out the logo, a few images and you’re good to go. This works especially well for affiliate marketing websites.

Ever Heard of Ebay?

28. Sell Your Junk on Ebay – The packaging and mailing is a pain, but it sure beats having a garage sale.

29. Buy Other Peoples Junk and Sell it on Ebay – Go to garage sales and resell for higher, or buy bulk discontinued items and sell them off individually.

30. Sell Other Peoples Junk on Ebay for Them – There’s a store on virtually every corner that does this now. Why not you?

31. Create a Virtual Store on Ebay with Drop Shipping – Create a wide storefront with tons of products. The beauty is, by working with a private label drop shipping company you don’t have to actually have these products. Just order one when you make a sale and they’ll ship it out for you, with your name on it. You don’t have to deal with the packaging either!

Don’t Mind Working in the Real World?

32. Take Stock Photos – Take clever photographs and sell them for stock photos on other websites. Sites like iStockPhoto.com allow you to sell the same photo to hundreds of websites.

33. Make Stuff to Sell Online – If you can quilt, sew, work with wood or are descent at any other task, you can make it and sell it online.

34. Enter Data for Google MapsGoogle is currently paying people to take photos of businesses and enter basic data such as hours of operation. Go to the local business complex next to the grocery store and you can knock out 50 of these in a few hours.

Got Some Money to Invest?

35. Flip Websites or Domains – There are countless websites and domains for sell every day at places like DigitalPoint, SitePoint and DnForum. Find the bargains and turn them around for a quick profit.

36. Buy Profitable Websites and Keep Them – The standard going price for a small profitable website is 10-12 months earnings. Buy some gems, hang onto them past 10-12 months and reap the benefits.

37. Learn the Art of PPC Arbitrage – Put up a simple website that has ads, affiliate programs or some other source of revenue. If you can find the right terms and buy traffic to the site cheap enough, it’s possible to make a profit on the difference on what you buy the traffic for and what you sell it for.

38. Become a Day Trader – Better know what you’re doing on this one because it’s just as easy to loose money with it as make it. But it can be quite profitable if you know what you’re doing.

39. Convert E-Currency – There are several forum posts everyday for people who want to convert some EGold money into Paypal money, etc. Offer this service and charge a 5%-10% fee for it.

40. Buy a Fancy Machine – Buy a high tech printer, engraver or automated sewing machine and charge people for the items you can produce with it.

Good with Photoshop?

41. Design Logos – Every good business needs a good logo. You may be just the person to provide it.

42. Design Websites – Why stop with the logo, entire websites need to be designed. I am horrible at design so hired Evermark to design this site. Other webmasters are hiring too.

43. Design Ads – Webmasters still need design work after the site is created. Create banners and other professional ads for websites.

44. Draw Cartoons – You may have noticed our section of debt cartoons. I can tell you I didn’t draw them, it was Dan from GibbleGuts.com. Start your own cartoon business.

45. Design T-Shirts – Come up with a nice image or some interesting text and sites like CafePress will help you slap it on a t-shirt and sell it.

46. Design a Seal – Here’s a little secret, most of those “authority seals” you see really don’t mean anything. They just look like they give a site credibility, so webmasters are willing to buy them because they improve the conversion rate. Create your own, make up some guidelines and charge $300 for websites to use it.

47. Create Digital Scrap Booking Templates – People love to scrapbook and some prefer to do it on the computer. Create templates for every occasion that allow your customers to just slide in their own photos.

48. Make Clipart and Icons – People still need these. Another option is comment graphics for sites like MySpace. Build packages of these, give a few away for free and sell the rest.

49. Create MySpace Backgrounds – Don’t stop at the comment tags. Myspace is a gold mine for selling simple customizations if you’re good at it. Create some nice backgrounds and cash in.

50. Make Photoshop Brushes and Filters – If you’re a true wiz at Photoshop, extend its functionality and you can make a fortune.

Have an Artistic Touch?

51. Edit Photos for Others – You can restore old photos, or give existing ones an artistic touch, nice frame, etc. My brother offers this service for kid’s sports pictures at Zongker Team Pics.

52. Create Video Montages – Have people email you a stack of photos and put together a nice DVD to music for weddings, anniversaries, reunions, funerals, etc.

53. Create Photo Mosaics – You know those nifty pictures that are made up from 500 smaller pictures. Have customers send you the digital images they want to use and you can create these automatically with software like Andrea Mosaic.

Got Talent?

54. Record Songs and Sell Online – That is if you don’t suck. With online downloads, record labels are becoming a thing of the past. If you got the goods, sell it online at palces like Arkade.

55. Sell Artwork Online – If you can paint, draw, sketch, make caricatures, etc try selling them online. You may be surprised how many people are willing to buy it.

56. Compose Midi’s – Create either your own original creation or your interpretation of more popular songs and sell them as midi’s or ring tones.

57. Make Videos – Sites like Revver and Break will share ad revenue or even pay you for your videos. Make something clever and upload it.

58. Contribute to a Collection – Whether it’s a recipe, short story, poem or whatever. You may not be able to sell it alone, but could get royalties from contributing it to a collection.

Have More Time than Talent?

59. Submit to Social Bookmarking Sites – Just look at the Digital Point Forums and you’ll see tons of people paying for someone to Digg or Stumble their site. You'll be considered the scum of the earth by the users of these sites, but will have a few extra bucks in your pocket.

60. Get Paid to Surf – You won’t make much, you’ll be giving up your privacy and possibly be installing malware, but this list wouldn’t be complete without the obligatory get paid to surf reference.

61. Take Surveys – A few sites will pay you to complete surveys. Not always in cash, but sometimes you can get free samples or points to buy products with.

62. Get Free Samples – You probably won’t find free cash, but hey stock up on all the free samples, mouse pads and other junk you can find! There are tons of freebie sites who’ve done the hard work of finding these freebies for you.

63. Enter Contests – If you’ve got some time to kill, enter a few contests. You may not win the beach house, but I’ve personally won free pizza’s, cell phone accessories and flowers from some local online contests.

64. Data Entry – Here’s ole faithful. People often need data moved from one type of document to another, or written/verbal notes dictated. It’s work pretty much anyone can do.

65. Become a Virtual Assistant – Occasionally people want research done on anything from finding a certain car but don’t have time to do it themselves. Provide this research service for them and charge by the hour. It's a real industry with it's own organization.

66. Get Paid to Search – With sites like Winzy you can win prizes for searching.

Do You Know HTML?

67. Make Blog/Forum Templates – Pick a popular blog or forum software, design some nice templates for it and sell them.

68. Create MySpace Layouts – This is essentially the same task as the blog templates, but an entirely different market. You may even be able to reuse the same template for both purposes.

69. Start an Online Store – Order products wholesale, or drop shipped and create your own storefront.

70. Start an Affiliate Website – Don’t want to deal with the headaches of selling your own products? Refer visitors to someone else’s products and earn a commission.

71. Open a Virtual Storefront – Building your own affiliate site is still too much work for you? Then don’t, open a virtual storefront hosted by someone else, using sites like Art.com and CardCommission.com.

72. Offer Paid Reviews From Your Website – Other website owners will pay you to review their website on your site or blog. Make from $10-$50 each or more by offering these reviews.

73. Start a Directory – Build up a quality listing of sites on a given topic and get other sites to link to this resource. Then start selling premium listings in this directory.

Are You Tech Savvy?

74. Resell Web Hosting – You can find several sites offering reseller packages at WebHostingTalk. You just rent the server space, split it up and resell it. Occasional support is required.

75. Host Game or Chat Servers – Set up a Linux box in a datacenter and you can run voice chat and game servers off of it that are available 24x7. People will pay to use them.

76. Host Forums – There’s software like SebFlipper that will allow you to host hundreds of separate forums from a single web server. Charge your members to host a forum with you, or offer it for free and run ads on all the pages.

77. Install Applications for Others – People are constantly getting hung up and asking for help with installs on websites. Install software for them and charge a fee for it.

78. Answer Tech Questions – Sites like ExpertBee provide a place for people to ask questions and specify a price they will pay for the answer.

79. Start an Uptime Monitoring Service – There’s software packages out there that will check a website for uptime, send alerts and provide reports. Buy one of these packages and resell the hosted service.

80. Offer Hosted Email – Setting up an email server, blocking spam and making sure it’s locked to relaying is a pain for most webmasters. Provide an easy way for them to outsource the whole service to you.

81. Provide Application Testing – Manually test websites on different OS and browser combinations and provide a report of your findings.

82. Provide Load Testing – Put a heavy traffic load against websites an provide a report of how it responded.

83. Offer an Offsite Backup Service – Rent a server and massive amounts of storage space from a datacenter and provide remote storage space via FTP or other method for a monthly fee per gigabyte of storage.

84. Start a Domain Registrar – Sites like TuCows will let you create your own private label domain registrar where you’ll benefit from not only the initial sale, but from renewals.

85. Sell SSL Certificates – Another service offered by TuCows and others is the ability to resell SSL certificates.

Have a Knack for SEO?

86. Be a Link Builder – Someone who can find good quality links for a website is worth their weight in gold. Become a link builder and charge per link or by the hour.

87. Submit to Directories – Filling out the forms to submit to directories is a pain but important for webmasters. Most will gladly pay to have someone else do it for them.

88. Be a Consultant – Review websites and recommend changes to help improve search engine rankings. Slap it together in a professional looking report and you can charge several hundred to a few thousand dollars per website.

Know Something About Something?

89. Become an About.com GuideAbout.com will pay you a very nice percentage of ad revenue from the section you’re a guide of.

90. Write eBooks – These are hard to sell but if you really have the info others want you can make it work.

91. Teach an Online Course – Many colleges are looking for part time teachers for both their online and in-classroom courses.

92. Sell Instructional Videos – It’s got to be something people want, but if you’re truly an expert on a topic, others will pay to learn what you know.

93. Start a Subscription Website – Provide new scrapbooking techniques, recipes or any other advice on a regular basis and charge for a membership.

Are You Opinionated?

94. Review Software – Developers are looking for honest feedback on their work and are willing to pay for it. Use a site like SoftwareJudge to get paid for providing this feedback.

Don’t Have a Conscience?

95. MySpace Blast People – Create an account, recruit all the friends you can and then send them bulletins with advertisements. You’ll loose a lot of ‘friends’ but you will make some money at it.

96. Do Homework for Others – It’s completely wrong of course, but you can get paid to do it.

Don’t Mind Annoying Your Friends?

97. Sell Products Via Email – Gone are the days of Avon, Tupperware and Arbonne parties. Just email your friends and family the the current specials and have them email back the orders.

98. Send Out Cards – Another great program for marketing to your friend and family is SendOutCards. They send out physical Christmas, birthday and other cards on your behalf and pay for referrals.

99. Refer Them to Surveys – Not only can you fill out surveys yourself, now there’s a second tier where you can refer friends to take surveys and earn money and gifts for doing so.

Don’t Want to Actually Work?

100. Sell Unused CPU Cycles – Why do work yourself when your computer will do it for you? Sites like CPU Share let you sell your extra computer cycles. Just make sure you’re making enough to cover the cost of electricity.

Want More Traditional Work?

101. Telecommute – Hit up your favorite online job board for jobs marked as telecommute. Most you can do entirely online from your home.

Surely from this list you can find something you can do to make some extra money online. If you have any additional suggestions we forgot, please let a comment.

Sample Business Plan

When not to use a business plan

Although most experts recommend that you start with a business plan, you'd be surprised at how few of them had business plans right from the start.

In fact, many great entrepreneurs still operate without them.

If your idea is so great that you can't sleep, then forget the business plan for now. If you are confident that success is imminent, then don't plan it to death. Go for it.

You can also skip the business plan if you, like me, have no choice. For me it was swim or sink. Not much of a choice. Swim! Plan when you reach the shore.

When to use a business plan

If you are not 100% sure that your idea will work, if you have the time or if you need to attract outside financing, then there's no excuse. Don't think of it as extra work. A good business plan is an asset.

It forces you to think in different directions. It forces you to do research, to compare, to evaluate and finally to focus.

A business plan, no matter how good, is not a guarantee for success, but by identifying the strengths and weaknesses of your business idea, you greatly improve your chances.

Sample business plan

Here is the format that I adopted for Pandecta Magazine's business plan. You are welcome to use it as an outline for your own.

1. Executive Summary

This should be about one page long. Describe the business in general terms.

2. Overview

Your mission. What do you want to achieve, where are you going and why do you think it will work.

3. Introduction

  • Purpose - explain in detail where you want to go with this
  • History - a summary of important development highlights
  • Critical Success Factors - what's going to make it work?

4. Business Environment

  • Market - this is where your market research results go.
  • Problems and possible solutions
  • Competition
  • Expansion Potential

5. Description of Product or Service

  • Unique Selling Points (Generally referred to as your USP)
  • Benefits to the customer
  • Current Problems and possible solutions
  • Potential Problems and possible solutions
  • Patents, Licenses, Copyrights etc.
  • Production Strategy


Other important documents

Apart from your business plan, you should also have the following documents ready - especially if you need to attract financing.

You can either incorporate them as headings into your business plan or treat them as separate.

The sub-headings under each are suggestions. You should add/delete sub-headings to fit your situation.

Marketing Plan

  • Sales Goals
  • Public Relations
  • Economic Environment
  • Industry Environment
  • Customer Profile
  • Demographics
  • Trends
  • Competition
  • Marketing Channels
  • Sales Tactics
  • Pricing
  • Packaging
  • Sponsoring
  • Marketing Calendar

Operation Plan

  • Management Team
  • Support structures / advisory team
  • Human Resources
  • Policies
  • Guarantees
  • Facilities and Equipment
  • SOPs (Standard Operating Procedures)
  • Growth/Expansion Plans

Financial Plan

  • Revenue Projections
  • Break-Even Analysis
  • Credit
  • Cash Flow Projection
  • Balance Sheet Projection
  • Insurance
  • Taxes
  • Financing Requirements

Financing Proposal

  • Amount Needed
  • Detailed Budget
  • Repayment Options

Appendices

  • Schedule of Major Events
  • Key-Person Resumes
  • Financial History
  • History of Sales
  • Major Customers
  • Customer Contracts
  • Principal Suppliers
  • Supplier Contracts
  • Insurance Policies
  • Bank Documents
  • Advertising Sample
Using your business plan

Treating the above documents as separate is usually best, because it makes updating them less time-consuming.

Yes, it needs updating. Your business plan is a tool.

This is very important.

If it is going to gather dust, stop here and go do something productive like search engine promotion. When you use your business plan, it becomes a map to the top.

If you're really in the mood for planning, create separate business plans for saperate purposes.

You could create one specifically for attracting investment. Another for the in-house running. In each you emphasize those aspects that are important to the people who will be using it.

In fact, it is quite common for businesses to have separate business plans for separate potential investors! Don't think of it as cheating. Think of it as emphasizing the points that particular investors would be more interested in.

When to stop planning

Planning for a couple of days or even weeks could be a good thing, but there is such a thing a too much planning.

You know you're planning too much when the fun and excitement of entrepreneurship becomes distant memories or when you spend so much time planning that it keeps you from actually implementing anything.

The idea is to plan properly without setting boundaries for yourself, then to implement your ideas without being bogged down by the initial plan.

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