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2 Ways to Invest Your Time and Money During the Recession

September 11th, The George W. Bush presidential campaign, the war in Iraq, the pending fuel crisis – These are all at fault for the current economic crisis. Job losses are at a record high and very few new jobs are being created. With this in mind it is a good idea to look at some of the more alternative ways to invest during recession.

Although most of the world is in recession, it may surprise you to learn that from January 2008 – January 2009 there was a massive 19% increase in online spending. Online spending is expected to rise by a further 10.7% annually projected over the next 4 years and will reach $600 billion by 2011. This opens many doors to both individuals and businesses alike to increase their profits. We take a look at 2 ways to invest during recession.

Internet Affiliate Marketing

Internet affiliate marketing is when a person advertises a product for a company and gets commission from every sale the company gets, that has gone through the advertisement first. It is free to join 90% of affiliate programs and you can earn anywhere from 1% – 75% commission for every sale.

There are many different forms of advertising you can use, both free and paid methods. These include article marketing, SEO, web development, email marketing, PPC and many more. There is an initial learning period involved in affiliate marketing but once it is completed you can easily earn a full time income from it.

There are many top tier affiliate marketers that started earning as much as $200,000 after 2 years working as an affiliate.

Google AdSense

Google AdSense is another way you can make money online and invest during recession. The potential for as large an income as affiliate marketing is slightly less but you would be using some of the same techniques as you would as an affiliate, especially SEO (search engine optimization)

The way to make money from Google AdSense is to make a blog or web site and drive massive amounts of traffic to that in the hope that some of your visitors will click on you Google AdSense ads that you will have places in between your text on your page.

You can earn about 20-50 cents per click. Potential daily earnings can be from $10-$200 depending on the amount of traffic you can drive.

Must Know Tips Before Starting a Home Based Business

There are a few “Key” things to look for before getting started with any Home Business. I have been in this business a while now and know you really have to find these things and make sure they are in place before you get started in order to help ensure your success.

Now there’s a HUGE difference between those who make money online with a network marketing/and or Home Business and those who do not. There is only a small percent of people who will ever make Serious money online working a home based business. When I say “Serious” money I am referring to at least 10K – 20K++/per month.

So how do you do that? Well what I want to share with you are just a few tips on what you should look for in both the person you join and the company you join.

These tips will guide you to the actual decision process of finding the
” right” Home Based business for you to partner with.

1. Finding the “Right” Company.
- Most people now a days are staying away from MLM’s due to the small profits, the time it takes to build a downline and the very high turnover and failure rate. My suggestion is find a Top Tier Direct Sales business. There are some Top Tier Direct Sales opportunities out there where YOU make anywhere between $1k – $15k profits Per sale… a lot better than making $30 commissions from the typical MLM.

2. Find the “Right” Mentor.
- A mentor is someone who is going to be there for YOU, someone you can trust, someone you have a connection with and you feel comfortable with. You want the person to come off as a leader, make sure they are having success in the business and making money as well. Make sure they can teach you how to market yourself so you can be successful as well.

3. Make Sure There is Duplication.
- Make sure the company has a system in place that you can follow and plug your potential future business partners into to really get all the information about the company, products, compensation plan, etc. The more duplication, the more success for everybody.

4. Make Sure There is Training
- There should be training calls from the company on marketing, webinars, video tutorials as well as training from your mentor/sponsor. You can have the greatest company and products in the world…however if you are not trained on the business and on how to market, you will Fail. Make sure there is training in place.

5. No Personal Telling, Selling or Explaining
- What do I mean by this? Well this falls back on the system again; most Good companies have a system in place that will really do most of the telling, selling and explaining of the business. That way you can leverage your time really just following up with your prospects and seeing if your business is a right fit for that person. Of course you still want to build that relationship with that person, but there should be a system in place that does a lot of the work for you.

6. Long Term Vision.
- Make sure the company and founders have a long term vision and the company has some longevity as well. You want to make sure this company has and will be around for a long time.

7. You Must Be Passionate.
- You are going to have to be able to be passionate about what you are doing and believe in your company, products and business opportunity if you are going to be offering this to others. If you are not passionate and don’t truly believe in what you are doing…you will also fail.

8. Return On Investment.
- This one might come to a shock to some people but here it comes, if you are looking to make 100K+ in a home business, you will not find one that you can join for Free. Shocking right…you would be surprised how many calls I get where the person tells me “I want to make $300K a Year” and the next question is “does this cost any money”?? If you are getting started with ANY Legitimate business where you can make serious money, be prepared to invest anywhere from $1,500 – $3,000 to get started. Remember, this is a “Business” and it will be YOUR business. Anyhow, back to the return on investment, make sure when you get started you don’t have any “training” sales or “pass up” sales before you can make money. You should be able to be in the money making seat from day ONE. If not, find a different opportunity. You should also be able to have a pretty quick return on your initial investment.

9. Make Sure You Can Make Money Part-Time
- Many people can’t start a home business full time from the get go. So make sure you can make money part time until you replace your current income and then dive into the business full time. Pretty simple. Don’t let anybody tell you to quit your job and just dive right in…unless you want to or are able to.

10. Have FUN!!
- Have fun with what you are doing, this goes hand and hand with being passionate about what you are doing. Remember, you will be in business for yourself (NOT by yourself) but for yourself. So, you are the boss, you make the rules, etc. So have fun in what you are doing and live life on your terms. The more fun you have with the business, the more success you will have and you will really enjoy every aspect of your life that much more.

I Want to Divorce My Business Partner!

Starting a business partnership is like getting married. In the beginning both people are happy, excited and in love with their great business ideal that is going to make them millions! The happy business partners are like newlyweds, acting like they are soul mates who are destined to be together forever. Both are on their best behavior, helpful, and complimentary to each other. They have become so connected over the ideal of success that they finish each others sentences.

Unfortunately, many people pick their business partners like they pick their spouses, on superficial qualities. They do not spend the time or make the effort to check the other person out.

When considering a general partnership you should have crystal clarity about character, personality, skills, talents, experience, and established business contacts. Find out about his or her reputation among his or her peers – people talk and it is easy to find out if someone has a questionable past.

A general partnership is when 2 or more people form a business together and each person shares unlimited liability for the debts and obligations of the business. Partners are essentially investing their credit, lively hood, time, energy and resources in part, in someone else.

Even if you know the other person well, or so you think, conduct a thorough background check on him or her:

- Pull his or her personal and business credit
- Check references – past employers, past business partners, customers, and employees
- Verify assets and the source of his or her investment into the business
- Review his or her resume looking for education, experience, and other credentials

After you are satisfied with your findings, then draft a partnership agreement. Remember that both parties are jointly and severally liable, creditors can come after your personal assets to collect on a debt. The partnership agreement is important to protect the interest of all parties in the business and should address:

- How to divide assets – all partnerships are not treated like community property – each partner may be entitled to a different percentage.
- Buy-out terms – when the partnership (marriage) is over, one person has to buy out the other partner based on the value of the company and the percentage of their investment.
- Customer Accounts – will they stay with the business or does the partner leaving have the right to take them with him or her?
- Disaster- in the events of divorce (of one of the partners), disability, or death, what will happen?
- Rights to intellectual property – who owns them?

It is also advisable to draw up job descriptions for each partner so both parties understand his or her duties and responsibilities to the company.

Finally, get the proper insurance – general liability, auto, workers’ compensation, and Errors and Omissions. Just like married couples, if one messes up, both have to pay for it.