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Why Online and Offline Real Estate are Always Great Investments

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No matter what profession you’ve chosen to go into, investing in real estate (both online and offline) is one of the best ways to safeguard your future financial security. You may be thinking, but I don’t know anything about investing. The good news is you don’t have to be a hotshot Wall Street professional to get started. Just like pretty much any type of investing or necessary further education requirements, you can learn all of the basics online.

The great thing about investing in real estate is that even making small investments can later provide big returns. While offline real estate and properties will likely cost thousands of dollars to start investing in, online properties (in the form of domain names) can cost as little as $10 to get started. In either case, there is plenty of time, work, and research required for each. Yes, people are making good money, but it would also be a huge mistake to think it’s easy.

To help with the thought process behind investing in offline and online properties, let’s take a look at some of the different investment options out there, and why it continues to be one of the best ROI business models out there.

It’s Reliable, and Property is Always in Demand

Since the dawn of the Great American Dream, real estate has been considered one of smartest long-term investments available. It’s also one of the biggest reasons young couples have long been advised to purchase a small starter home at the beginning of their marriage with the promise that after a few years they could sell at a profit and pad those retirement accounts. So while you may have never felt compelled to have that front yard and white picket fence, you might want to reconsider. Also be sure to consider your home locations, as you never know when the unexpected might happen!

Economic tides will continue to ebb and flow, but property values tend to almost always increase over time, regardless of the market. Why? Because people will always need shelter, so why not kill two birds with one stone? Shelter wrapped up in an investment is pretty much a win-win.  Additionally, while new companies and brands come and go, housing will always remain a necessity, even if there are slight dips in the market.

Taking all of these perspectives and focusing them towards online real estate and domain names, you have even more limitations and value in what you may own. Think of .com, .net, and .org domains as the premium houses of the world. When you get a generic one-word domain, think of it as the most expensive and valuable house in the state! Some domain names will go on to sell for millions of dollars, but it’s extremely rare and unlikely.

You Don’t Need Trade Floor Skills

It’s true that understanding stock market investments can take years of knowledge and practice, but real estate isn’t nearly as complex. Yes, it will require some research, and you’ll have to do a considerable amount of evaluation, but there’s not nearly as much guesswork and volatility with property compared to investing in the latest and greatest trends, like cryptocurrency. Really, it all boils down to figuring out what the real estate market looks like in your area as well as what’s available and it’s quality. Start by visiting open houses and auctions. Connect with others who’ve made property investments and read as much as you can on the topic.

When buying or selling a home, you can go through a realtor. The same holds true for buying and selling domain names online — except it’s often done through a domain broker. Just like realtors, a domain broker is going to do most of the work for you, as they likely have many connections and potential buyers or sellers in place. At the same time, you will also have to pay a percentage (usually 10-30%) for their efforts and success rates.

Go Big, or Go Small — All Options are Available

If you’re interested in buying a home, considering buying a rental property instead. And don’t worry, if do decide to invest in a rental it doesn’t mean you have to actually manage the property yourself.  You may decide to hire a property management company to oversee the daily operations. A manager can screen tenants, collect rent payments and show the property to interested parties. Or you may decide to manage the property yourself and function as a landlord. However, if the latter is the case and you don’t have any property management experience, you may want to seek out some advice and tips for new landlords.

This same concept is happening daily in the world of domain names as well. With domain brokers like GreatDomains, NameJet, Pool, and others, sometimes domain names can sell for five, six, or even seven figures. In most cases, these domains will be purchased outright and paid in advance. However, there are times when it makes sense to sell domains at a faster rate and offer a payment plan, which allows for more buyers to take action.

The Internet is Your Ally

Another reason there’s no better time to invest in real estate is the sole factor of technology.  Whether it’s the topic of buying, selling or managing real estate the sheer amount of resources you have at your disposal is mind-blowing. With just the click of a button, you can research and make an appointment with experts, realtors, property management companies, and home inspectors (a must before making any purchases). There are also hundreds if not thousands of threads on what you should know before investing, not to mention the added benefit of social media. Gone are the days of taking out a newspaper ad. So if you’re looking to strategically buy and sell to see returns, platforms such as Facebook, and even Craigslist, can provide additional marketing support to get your real estate listings seen.

When it comes to buying and selling domain names, the internet is your bread and butter — in fact, it’s kind of your only option! The good news is that there is a whole world of resources out there, domain expiration services, auction marketplaces to buy and sell domains, and much more. Take advantage of everything the internet has to offer in reference to learning more about buying and selling domain names or site properties, then get ready to make your first move!

It Can Be Tax Deductible

While tax codes allow for a range of deductions, including everything from the interest on your mortgage and money spent on renovation to a range of upkeep and maintenance costs, they do vary by state. You’ll want to investigate, or even consult with an accountant in your area, but in general, most rental property expenses can be written off as business expenses.

If you currently have an online business and are investing in domain names, this would definitely fall under the realm of a write-off (investment/cost) for the business. Of course, if you were to sell the domain name for big money, that would also funnel back into the business and eventually be taxed the same as any other incoming revenue.

Investing in the Offline and Online World of Property and Real Estate

No matter what type of property you are looking to invest in, always be sure to put in the time and effort to completely understand what you are getting into. If it seems too good to be true, it probably is. Finding that killer domain name on a GoDaddy or NameCheap search and getting it for $10!… Yea, that’s probably a perfect example of ‘too good to be true‘.

At the same time, you may feel hesitant about shelling out the dollars, but if you do your research and select carefully, the financial benefits can be great. The more comfortable you get with the idea of planning out your investments and taking action, the more likely you are to find success in the long run.

However, like most great investments it’ll take dedication and work on your end so don’t hesitate to seek support and get your questions answered!

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Entrepreneurship

First Impressions and Final Words: The Importance of Business Cards in 2019

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Business cards have been around since the 15th century.

They first originated in China as “visiting cards.” The Chinese visiting cards would express one person’s intention to come and meet another person.

Then in the 17th Century, the popularity of exchanging cards began in Europe. Without the right business cards, you were a failure in the eyes of the public.

There were also extremely strict rules and etiquette guidelines for people handing out their cards. Failure to have the right card or follow the rules would result in a social disaster.

As we fast forward to today, people are still using business cards as networking tools. Not having a business card or having the wrong kind can ruin your business relationships.

Approximately 10 billion business cards are being printed on an annual basis. However, almost 8 out of the 10 billion cards printed are being thrown out in less than a week.

Yet, studies show that your companies sales will increase by at least 2.5% for every 2,000 cards you hand out. Even if a prospect doesn’t keep your card, they’ll still remember meeting you.

After hundreds of years, your card is still a representation of who you are and what you’re all about. Read on to find out about the importance of business cards in the 21st century.

The Importance of Business Cards

When you network you’re actively making meaningful connections. Sending out your contact information online can be somewhat effective. Many businesses successfully use affiliate marketing online to generate leads.

However, when you only rely on digital communications you’ll miss out on making a genuine connection. When you give your card to a potential client, they can put a face to the name of the company. You’ll be able to stand apart from all of the other companies they were researching online.

A computer can’t look your customer in the eye and convey authenticity, but you can. The encounter gives you a competitive edge over others in your industry.

Here are a few different online tools you can use for creating your personalized cards:

Allow yourself to be creative as you explore the different designs. Prospects will enjoy sharing your creative cards rather than boring ones. Having people share your card means your brand will reach more potential customers.

No matter what type of business cards you end up going with, consider your options on going with a cool and unique design. After all, these are going to be used for many years and will be the first impression of your own personal brand and expertise.

Effective Business Cards

Making a great impression starts with the style of your card. Many people mistakenly believe that all a business card does is give information. However, they really are tools to make wonderful first impressions.

It’s important to design a card that expresses your companies personality and brand. It can help to ask for outside advice from a friend or family member. Show them the design you are considering and ask them how it makes them feel. If the way they feel reflects your brand, you’re off to a great start.

Show Prospects You’re Ready for Anything

Have you ever asked someone for their business card and they couldn’t give it to you? Chances are you had a negative first impression of that person. Your subconscious mind is always listening, watching and making conclusions.

Even if you’re not consciously aware of it, you’ll judge someone for not having the right tools.

The same will happen to you if you’re not ready to hand over your card when asked. Even if you take the time to write your information down, chances are they won’t be calling you.

Make sure you always carry your cards on you. A simple trip to the store could end up as a networking opportunity.

Always Accessible

When you use a business card, your information is always accessible. In today’s digital world, it’s hard to believe that anyone could ever lose access to the internet.

However, people are frequently in situations where they can’t go online. Imagine, your potential customer is camping in a remote area or staying at a cabin in the woods.

They don’t have internet access but they do have the ability to make phone calls. If they need to schedule a service or make a purchase, they’ll have to rely on their business cards.

Also, certain people don’t own digital devices or have trouble operating theirs. If your contact information is stuck in their phone, they may never access it.

Also, what happens when they lose or break their phone? A broken phone could take days to repair. Yet that doesn’t mean the customer will wait days to make purchasing decisions.

When the customer needs access to your company’s contact information, your card will be there to save the day. Giving your card means that no matter what the situation, customers can always reach you.

Stay Motivated

If your company is new it helps to have clear networking goals. When you go to different networking events you’ll bring your cards with you. Then you can set a daily goal for how many cards you need to distribute.

A good idea is to set a goal to hand out at least 50 business cards. If you’re having a difficult time, your cards will remind you to stay motivated. Make sure that as you hand out your cards you establish eye contact.

Your card will have your contact information and a brief summary of your product or service. If you’re looking for employment make sure to include a list of your skills.

The person you give your card to might not need your services. Yet, they might know someone who does need something you provide. With a list of your skills, the person with your card will know who to refer you to.

How to Make a Great First Impression from Day One

Yes, you could say that business cards are old school and not many people use them today. That might be the case, but if you are actively attending different conferences and trade show events, they will come in handy.

Just think about how many people are meeting with each other on any given day at these events. With hundreds of business cards changing hands, only the ones that stand out and leave a great first impression will be remembered.

When it comes to creating new business and partnerships, this simple one-up over the competition can equate to something huge in the long run.

If you are still using the same old traditional business card that gets scanned over for second and tossed away… rethink your marketing strategy and invest in yourself and your business today with a new design and business card. It’s one of the most important, yet cost-effective, investments you can make!

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Entrepreneurship

Loans vs. Line of Credit: Which is Better For Your Business?

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When your business grows or goes through a short-term cash drought, you need an influx of cash. The bank is the best place to start. They give you two options a loan or a line of credit. It can be hard for a business to decide loans vs. line of credit.

They both can give you the cash you need, but each is different on how the cash gets to you and how you pay it back. As a business owner, you don’t want to make a rash decision that can impact your business for years.

We’ve broken them down and given you plenty of information to determine which is best for you.

Line of Credit Basics

A line of credit isn’t a loan. It’s like a credit card with a limit. When you apply for a line of credit, the bank gives you a set amount that you can have access to. You don’t need to take a penny of it. It can sit there ready to use when needed.

When you decide to take it, you don’t need to take the entire amount. For example, if you had a run on a popular product, but don’t have the cash flow to order more, then you can access your line of credit.

You have a $10,000 line of credit, but only need $200 to cover the costs of the product. You take the money out and then you agree to pay back that amount plus any interest.

In the meantime, your accessible line of credit is $9,800 until the money is paid back. You then have access to the full $10,000 again.

It’s rare for a business to take out a full amount and instead to take out small amounts when needed.

Benefits of Line of Credit

Financially, the biggest benefit is you don’t need to pay anything until you take the money out. You’re not locked into a monthly payment and you only need to pay the money back that you took out with a little interest.

These are geared more as a short-term loan that is paid back in a few months rather than a multi-year loan. They are commonly referred to as a revolving loan and have lower interest rates than a term loan of similar size.

If you are late on payments, then that rate can increase dramatically, and you can incur fees.

It’s also great to save for an emergency such as a sudden building repair or an increase in product price. Lines of credit are popular with small business that can’t come up the cash fast when a new opportunity arises.

Term Loans

A standard business loan is like a standard loan. You visit the bank and request to borrow a specific amount of money. There is a purpose associated with the loan such as the purchase of a building, fleet of cars, expansion, etc.

The bank examines your credit and balances the risks and benefits before determining to allow the loan. Once approved, you work on the length of the loan, interest, payment amount and are given a lump sum of money.

For example, your current building isn’t large enough for your burgeoning and growing business.

You can get a term loan to pay for a new larger facility and moving expenses. It can also go for equipment such as a new oven for a cookie company or new equipment that you use to create a new product.

You pay it back monthly at a set interest rate until loan agreement is fulfilled. They are traditionally used for more long-term investments.

Benefits of Term Loans

The biggest benefit of a term loan is predictability. You know each month you’ll owe the bank a set amount. There’re no worries about that amount changing or the amount owe going up or down. The rate of interest is the same for the life of the loan.

The biggest downside is you likely provided some type of collateral on the loan. If you can’t pay back the loan, then the bank can take that collateral. Keep that in mind when you’re determining your monthly payment amount.

If you pay more, then you can pay towards the principal and lessen the amount of term of the loan. You can do with what you want with the money as soon as you receive it.

Loan vs. Line of Credit

So, you know what the differences are between the two, but which one is the best for your business. It all depends on what you want to do with it.

Lines of credit aren’t meant to be long-term loans. They’re there for an emergency or small thing that didn’t fit into the budget. You need $3,000 for a new furnace or the refrigerators for your produce died. This is something that would probably be better applied to, or paid with credit cards.

It’s not meant for something large like a new building. It can be used for payroll, off-season costs, and restocking inventory. If you use for money-making ventures, then it can end up paying for itself.

Businesses use lines of credit for small purchases a little at a time. Don’t take one out and grab the whole amount at once. You likely need a business loan. It’s easy to learn why if you carefully examine the pros and cons of each method.

If your need is high cost and can take years to pay back, a business loan works best. You get a large lump sum to purchase a new building or other major expense like equipment and pay it back over time.

Which is Best for You?

Ultimately, you need to decide which one is the best for your business needs. Loans vs. line of credit can be a difficult decision, but hopefully, we’ve made it easier for you to choose.

Loans are best for long-term high-cost expenses, but lines of credit are best for short-term expenses and emergencies. What is your business looking for?

If you’re interested in learning more about money and how you can improve your business, then please explore our site.

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Entrepreneurship

6 Great Ways to Accept Online Payments on Your eCommerce Site

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When it comes to running a successful online business, one of the most important things site owners, drop shippers, and brands need to think about is how to best accept payments online, while also minimizing payment fraud. As wonderful as it is to accept credit cards online, your business is responsible for making sure every transaction is secure and authentic.

Did you know that 42% of customers making online purchases use credit cards as a payment method? In fact, it’s the leading payment method. Electronic payment is running at second with 39% of customers using it.

As years go by, people are shifting towards cashless methods of payment.

But which method works best for your business? What are the different ways to receive payment for online businesses? This is something that you should consider for your business.

Here are some ways you can receive payments on your online business.

1. Receive Payments via Credit Cards

One of the options to help you accept payments online is by credit card. It’s a widely-used method on a global scale, especially in countries like the United States, Canada, Mexico, Korea, China, and most of Western Europe.

Credit cards are also among the most popular payment methods. Payments from these cards go through the use of payment gateways like PayPal and Due, or through merchant accounts.

If you wish to set up a merchant account for your website, be sure to learn more before proceeding.

2. E-Wallets

Another way for you to receive payments online is through the use of e-wallets. There are many online platforms that offer this service. Especially with small online businesses in mind.

Using e-wallets tends to be effortless and easy on both sides. This speeds up the transaction process.

PayPal and AliPay are prominent in offering such options. This makes PayPal popular in the US and AliPay with China.

3. Direct Carrier Payments

There are some services and products that bill customers through their telephone or utility carriers. This is an interesting option for customers to pay for services or products. One such example is with Google’s Play Store, which offers this payment option.

This is a safe option for customers to pick. Direct carrier payment streamlines the process without redirecting them to a different site.

This is also helpful for merchants carrying this service. Not only does it offer a secure method but it’s also fast and seamless.

4. Bank Transfers

Another method that you can use to accept online payments is through bank transfers. This is one of the oldest and more traditional methods available.

Some merchants offer instructions for customers to send their payments towards a bank account. This method often employs the use of an IBAN number.

Keep in mind that bank transfers aren’t immediate. For some banks, it may take 2-3 business days before the deposited amount reflects in the receiver’s account.

5. Cash

It is also possible for customers to send their payments using cash. In fact, other countries like Russia, India, and Romania make use of cash payments for their online businesses.

There are some ways to use this method as factors such as location and reach towards customers come to play.

One of the methods that you can use is through cash-on-delivery (COD). This service allows the courier to send the product. Then collect the payment upon arrival to the customer’s location.

FedEx offers this service and is a preferable choice. Other courier companies only accept checks and money orders.

5. Paypal

In addition to using a credit card, Paypal is one of the most used and accepted forms of payment in the world today.

While it is possible to use a credit card to make payment through Paypal, many users are also connecting their accounts to their bank accounts as well. This simply makes it one of the easiest methods of payment processing for millions of users around the world.

Another reason why Paypal is perfect for both customers and eCommerce platforms is that it’s usually simply a matter of clicking a few buttons and providing API account information to integrate it within an online shopping cart or payment solution.

An extra added benefit to accepting payment through Paypal is that businesses can grow their account history and also take advantage of loan programs like Paypal Working Capital.

Pick A Payment Method That Matches Your Business Today!

Knowing and choosing the right payment method for your online business is crucial. This is the lifeblood that keeps your business flowing. Having an efficient, fast, and secure channel to receive payments lets you gain profit while the customer gains satisfaction.

Did you find this post helpful? We have a variety of topics that you can explore to help you with your business ventures. Check this one out about maximizing both time and money as an entrepreneur.

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