Author: Anderson Josiah
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Planning a financial budget is certainly one of the most
important things a company can do, It is defiantly impossible to
get anything done correctly in company without a financial
budget, and in the more experienced company models it is against
the law not to have financial budgets that shows you exactly
what is the company's financial position in terms of cash flow
and cash availability.
Planning your financial budget is probably the most importantly
thing you can ever do to help company. A well planned financial
budget that is well executed is going to be a good help to any
company, naturally a badly planned financial budget will
defiantly be the collapse of any company before they even have
the chance to be successful.
So, what is it that actually makes a great financial budget?
Well, in a nut shell any financial budget that has incoming
money that covers the out going monies is a great start. Even
more so, the cash inflows must at least be equal if not in more
than of the cash outflows and the cash outflows together have to
produce something that is very competitive to the company
itself. So simply put you need to make more money than you
spend.
A great rule to follow when putting together a budget is the
cost efficiency principle. This principle simply says that you
should try not be tentative to spend y amount of money if you
are will get z amount of money in return with z being at equal
to y if not higher. Now, this is a very interesting idea but
some might argue that it is not doable in the early stages of a
company because a company needs to spend a lot of money to get
itself off and running successfully.
This is a very critical point, but one that is very superficial
at best. Although each item y might not produce a gross income
of z, you can add other items together to receive that result.
Suppose you have a + b + c resulting in e + f + g and both of
these equations are equal to D, then there is nothing to be
worried about because you are following to the cost efficiency
principle in your financial budget.
This should be exactly how you plan a good budget. You identify
exactly what has to be done from a financial point of view and
then make sure to do it out in a way that will allow you to
apply the cost efficiency principle. Do not ever invest money in
a company unless you plan to make profits (or something more
valuable than the as money you invested) out of it; If this does
not happen you need to ask your self, what was the reason for
starting a company. If you would like to know more on this topic
check out the link below and get a free copy of "Dotcomology"
the art of making money on the internet.
About The Author: Andy The Home Biz Wiz recommends for more
information subscribe to my FREE Internet Home Business tips
newsletter and get hundreds of money making tips and tricks
along with FREE Software delivered to your inbox. A $147 value,
yours FREE:http://www.MakingMoneyFromHomeOnTheInternet.com
Saturday, July 19, 2008
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Friday, June 13, 2008
Do Free List-Building Giveaways Work?
One of the biggest complaints that we hear from novice Internet
marketers is that they can't compete with others in their niche
because they "have no list."
One of the solutions frequently offered is to suggest that they
stop whining, and start building a list. Somewhat more productive
advice is to suggest that they join one of the free list-building
giveaways as a starting point.
Naturally, that brings us to the question of "are free
list-building giveaways" worth the trouble?"
Do they work? Do they produce quality subscribers?
My personal answer is, "It depends." If you do it the way that
90% of people entering those free giveaways do it, then I think
that you're hurting yourself more than you're helping.
I DO offer free items in select free giveaways. Just one of my
several autoresponder accounts with ProfitAutomation.com is
rapidly approaching a verifiable 200,000 subscribers. Many of
these subscribers did join my list(s) as a result of free
giveaways.
So, why did I answer with "it depends" then? First of all, you
need to realize that contributing a gift during one of these free
giveaways is just the first step in a long relationship-building
process. Far too many people blow it right from the start. They
offer a free "gift" in these events that they'd be insulted if
someone offered to them. They violated "Rule #1".
Whatever you offer in one of these free giveaways, or any gift
that you offer to your customers for that matter, should be
something nice enough that you COULD sell it if you chose to.
Starting a relationship off by offering someone JUNK, as a bribe
to get them onto your list, leaves them with a bad first
impression of doing business with you. Offering an ANCIENT
product that you have resale rights to (along with 10,000
others), or that you purchased on Ebay for 99 cents, is plain
short-sighted.
To give you an idea of the quality of gift that I think that you
should offer, the most recent one that I contributed was a free
ebook entitled, " How To Keep Digital Product Thieves From
Robbing You Blind." I wrote this ebook from scratch, consulting
with several computer security and website experts in the
process, and then GAVE it away as an subscriber bonus. That was
an ebook that I researched, wrote, collaborated on, and had some
nice graphics designed for... all so that I could give it away.
The second thing to consider is the quality of the giveaway
itself.
You need to get involved in events where the organizers cares
enough to really monitor the quality of the gifts contributed.
You do not want to be associated with a free list-building
giveaway that "feels desperate or amateurish."
You also need to make sure that the organizer of the giveaway
REQUIRES joint venture partners (gift contributors) to all
promote the event. Ideally, those who are discovered not
promoting the event, usually by the fact that they have made NO
referrals, should be purged from the database of those eligible
to receive subscribers fairly early in the giveaway's timeline.
I've witnessed countless free giveaways where the majority of
contributors merely contributed an outdated product and then did
absolutely NO promotion. They planned on getting a free ride. A
promotion with lot of people doing that can, at best, have only
mediocre results.
Participating in free list-building giveaways CAN jump-start your
list-building. I know numerous online marketers who've built
lists into the thousands... and even tens of thousands with most
of their early list members being from free giveaways. It does
work. It can build you a targeted, responsive list if you offer
the right gifts, and if you select the right giveaways. If you
join the wrong ones, contribute JUNK, and then wait for others to
do all of the work, you're in for a big disappointment. In these
type of events you do get exactly what you give.
---------------------------------------------------------------------
Willie Crawford has been teaching list-building and website
traffic generation since late-1996. His ebook, ""How I Boosted
My Ezine Sign-Up Rate By 5200 MORE Subscribers Per Month -
Virtually Overnight - And You Can Too," considered a classic
by many, is availalbe at: http://TheRealSecrets.com/5200/
marketers is that they can't compete with others in their niche
because they "have no list."
One of the solutions frequently offered is to suggest that they
stop whining, and start building a list. Somewhat more productive
advice is to suggest that they join one of the free list-building
giveaways as a starting point.
Naturally, that brings us to the question of "are free
list-building giveaways" worth the trouble?"
Do they work? Do they produce quality subscribers?
My personal answer is, "It depends." If you do it the way that
90% of people entering those free giveaways do it, then I think
that you're hurting yourself more than you're helping.
I DO offer free items in select free giveaways. Just one of my
several autoresponder accounts with ProfitAutomation.com is
rapidly approaching a verifiable 200,000 subscribers. Many of
these subscribers did join my list(s) as a result of free
giveaways.
So, why did I answer with "it depends" then? First of all, you
need to realize that contributing a gift during one of these free
giveaways is just the first step in a long relationship-building
process. Far too many people blow it right from the start. They
offer a free "gift" in these events that they'd be insulted if
someone offered to them. They violated "Rule #1".
Whatever you offer in one of these free giveaways, or any gift
that you offer to your customers for that matter, should be
something nice enough that you COULD sell it if you chose to.
Starting a relationship off by offering someone JUNK, as a bribe
to get them onto your list, leaves them with a bad first
impression of doing business with you. Offering an ANCIENT
product that you have resale rights to (along with 10,000
others), or that you purchased on Ebay for 99 cents, is plain
short-sighted.
To give you an idea of the quality of gift that I think that you
should offer, the most recent one that I contributed was a free
ebook entitled, " How To Keep Digital Product Thieves From
Robbing You Blind." I wrote this ebook from scratch, consulting
with several computer security and website experts in the
process, and then GAVE it away as an subscriber bonus. That was
an ebook that I researched, wrote, collaborated on, and had some
nice graphics designed for... all so that I could give it away.
The second thing to consider is the quality of the giveaway
itself.
You need to get involved in events where the organizers cares
enough to really monitor the quality of the gifts contributed.
You do not want to be associated with a free list-building
giveaway that "feels desperate or amateurish."
You also need to make sure that the organizer of the giveaway
REQUIRES joint venture partners (gift contributors) to all
promote the event. Ideally, those who are discovered not
promoting the event, usually by the fact that they have made NO
referrals, should be purged from the database of those eligible
to receive subscribers fairly early in the giveaway's timeline.
I've witnessed countless free giveaways where the majority of
contributors merely contributed an outdated product and then did
absolutely NO promotion. They planned on getting a free ride. A
promotion with lot of people doing that can, at best, have only
mediocre results.
Participating in free list-building giveaways CAN jump-start your
list-building. I know numerous online marketers who've built
lists into the thousands... and even tens of thousands with most
of their early list members being from free giveaways. It does
work. It can build you a targeted, responsive list if you offer
the right gifts, and if you select the right giveaways. If you
join the wrong ones, contribute JUNK, and then wait for others to
do all of the work, you're in for a big disappointment. In these
type of events you do get exactly what you give.
---------------------------------------------------------------------
Willie Crawford has been teaching list-building and website
traffic generation since late-1996. His ebook, ""How I Boosted
My Ezine Sign-Up Rate By 5200 MORE Subscribers Per Month -
Virtually Overnight - And You Can Too," considered a classic
by many, is availalbe at: http://TheRealSecrets.com/5200/
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