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6 Reasons A Beginning Marketer Should Start With Affiliate Marketing

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In this article, I will give you 6 Reasons A Beginning Marketer Should Start With Affiliate Marketing.

If you are wanting to start an online business but you don’t know where to start, I think you should really give affiliate marketing a try. The reason I would start with this technique is that it’s by far the easiest to get started with and has just about no upfront cost at all.

So let’s take a look at 6 Reasons A Beginning Marketer Should Start With Affiliate Marketing.

1. MANY OUT THERE TO CHOOSE FROM

Just about all the companies out there have affiliate programs you can join. And not just small companies but the really BIG COMPANIES as well. Such as Walmart, Bestbuy, Amazon, JVZoo, Warrior Plus, eBay, and tons of others. All you have to do is do a Google Search with “the company name” and put affiliate program behind it like this (example. Walmart Affiliate Program)

2. FREE TO JOIN

Affiliate programs pay you to promote their products and it’s free to join them, so no upfront cost for you. Now depending on the company will depend on how much commission you will make. As an example, Walmart pays 8% commissions. And most vendors on JVZoo will pay a 50%-100% commissions depending on the vendor and product. While Amazon typically pays 4-8.5% depending on your seller rank.

3. NO PRODUCTS TO MAKE

When you do affiliate marketing you don’t have to worry about creating a product because you are simply promoting someone else’s product. This is a no-brainer and you don’t have to have any skills in creating products from scratch. All of the hard work such as building a website, create awesome graphics for a product, paying someone to write the copy for the sales page are all already done for you. All you need to do is drive people to the page.

4. NO PRODUCTS TO SHIP

When you do affiliate marketing you will never have to struggle with having to ship a product because the vendor takes care of all of this. And it doesn’t matter if it’s a digital product or a physical product. The vendor takes care of all the hard work for you. All you do is get people to have a look at their products and if they buy you get paid and they ship or deliver the digital products.

5. MANY PLACES TO PROMOTE

There are unlimited ways you can promote these affiliate products. You can use email, Facebook, YouTube, Forums (read their rules and regulations before posting), Twitter, Instagram, Pinterest, etc. Even if you are a beginner you can make some good passive income. To me, the easiest way to make affiliate sales though is to use your emails list. If you don’t have one, start building one now. Build a good relationship with your list and once they trust you and you send them affiliate promotions and they like the offer they will buy from you.

6. NO CUSTOMER SUPPORT

Another great thing is you don’t have to handle customer support. Everything is done for you.

Well, that about wraps up the 6 Reasons A Beginning Marketer Should Start With Affiliate Marketing. I hope now you can see why this is one of the easiest business to start making money online.

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Source by Ronnie Rokk Smith

Views: 0

July 22, 2022
Why You Might Not Be Right For Affiliate Marketing

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Affiliate marketing is a business model which rewards ‘affiliates’ for the promotion of other people’s products on the internet. By sending website traffic to various products and services, affiliate marketers can earn a living from the sale of goods and services on the internet.

But not everyone is cut out for this kind of work. It involves working by yourself for quite a bit of time. There’s various technical skills you’ll need to learn such as website building, running adverts and connecting various software together to make your online business work.

Even though there’s been huge leaps in technology lately, meaning there’s less technical hassle involved, some people just won’t have the patience for this. Even if you find a community of help and support, there’s still a lot to learn and it isn’t for everyone.

Expect to work between 6 months and a year before you see any results at all, too. This is pretty tough, especially if you don’t fully believe in what you’re doing. There’s a fair amount of trial and error with affiliate marketing. Most people will give up too early and never see the fruits of their efforts.

For those who stick, there are great rewards to be earned. But they are earned. Not in the conventional way of earning money by trading your time for it, but in overcoming barriers to success. You need to have a fair amount of tenacity and patience. It’s not like a job where you get paid every month initially. So, if you’re used to trading time for money and getting paid every month, don’t give up the day job just yet!

Affiliate marketing is a business and not an employment. You need to drop any entitlement attitude which may be buried in your mind. You can’t expect any reward unless you actually have had it! If something isn’t working, you need to take stock and change your habits. It took me years before I saw any tangible results from affiliate marketing. I just refused to quit!

There are of course faster ways to benefit from affiliate marketing. Getting the right training and education from the start can make the most difference. If you’re going the wrong way, no amount of hard work will matter. I spent quite a bit of time here, being a busy fool; not knowing that what I was doing wouldn’t yield any results at all. I did many online training courses before I found the right one.

There’s a lot of mental challenges too, when it comes to making an internet business work. Some people are in a better place to face these than others. If you’ve already run a business, for example, you’ll have a better understanding of an online business. For years I thought I could just concentrate on the activities which I enjoyed. I later realised that this was what held me back. You need to learn and grow with your business; otherwise the glass ceiling of your business will always be you.

Who do you hang around with? There’s a saying that your income can be determined by the average of your 10 closest friends. Again, this can have massive implications on whether your internet business is successful or not. Who do you listen to and ask advice from? Is it business leaders who are making 6 figures? Or, more likely it is someone doing a regular job who is massively sceptical of anything different.

How do you perceive yourself? Self image has a lot to do with success too, whatever area of life you want to be successful in.

Affiliate marketing is a great business model. But not everyone will see this. If your circle of influence is sceptical of it, chances are this will rub off. It’s very difficult building a business if part of your mind doesn’t believe in it, or in yourself.

Then there’s the obvious monetary barriers to entry. When I started looking at affiliate marketing I was in a lot of financial trouble. I had a very deeply ingrained poverty consciousness, and real financial hardship. So a lot of affiliate business courses and software were out of reach for me. I started with the cheaper ones and as a result made slow progress. I wasn’t able to use paid marketing strategies, so I had to use content marketing. This takes a long time and results are never guaranteed.

If you’re trying to build a business and simultaneously fighting with a massive poverty consciousness and are terrified about spending even a tiny portion of what you have, I wouldn’t recommend affiliate marketing.

There’s a saying in the trading world “Scared money is lost money”. The same can be said of affiliate marketing. If you’re using money for your business which you’re terrified of losing, you’re much more likely to lose it.

On the other hand, if you can afford to spend some money each month on your business, and grow it slowly, your chances of success are far greater. Starting with an income already is really a necessity with an online business. It’s hard building stability in a business on shifting sand.

When I started affiliate marketing, I didn’t have regular work. As a result, I concentrated on the activities which were free to do. This is a very slow tactic. Although I eventually made progress, it was much slower than the affiliates who use paid marketing and start in employment. It’s not impossible, but very slow.

Saying that, I also think that if you’ve got time, and little money, then affiliate marketing is a good thing to focus on. You just need to find strategies which match your own specific situation and circumstance.

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Source by Tim Halloran

Views: 0

July 22, 2022
Why Online Doctor Consultation Is the New ‘In’ Thing in Healthcare

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The human body with all its capabilities, is a fragile thing. It is prone to diseases and the ravages of time. Man had to start experimenting with ways to beat back these factors and hence, medicine started evolving with the first stones of civilization.

History has revealed records of medical illnesses and ways to treat them, which dates back to thousands of years ago. With the passage of time, medicinal advance has grown in leaps and bounds. Medicine was treated as an art in the early ages and was heavily tinged with shades of religion and philosophy in certain cultures. Medicine men were considered as spiritual healers who would chant prayers while applying concoctions of herbs on patients to rid them of maladies. Roman and Greek physicians came up with a meticulous system of treatment according to four bodily fluids known as humors. The excess or deficiency of humors would bring with it diseases. In India, Ayurveda was used to treat people as far back as 1500 BC with in-depth knowledge of the human anatomy as well as surgical procedures.

In modern times, medicine is still considered an art, such as the skill required in complex procedures which can only come with practice. However, today medicine walks hand in glove with science instead of religion. Once man had technology in his grasp, medicine has grown exponentially. There’s no need to cut a body open to examine its insides, we have machines for scans which reveal the innermost workings of the human body, which was earlier shrouded in mystery. Machines perform complex operations with exact measurements in tiny spaces on delicate tissues in the body. We’re still developing systems to save lives and keep diseases at bay with more convenience and it has brought us today to the future of online doctor consultation.

Online doctor consultation can have profound effects on the medical landscape. Will it be possible to receive a diagnosis without physically consulting a doctor using online reports? Will healthcare lose its personal touch as gadgets step in instead of caring hands? Is online doctor consultation the revolutionary healthcare method we need, to go with our fast paced lifestyles?

How’s it going to help you? Here are some pros and cons you can mentally weigh before you go in for tete-a-tete with a doctor online.

Cost-Effective

For those who need a second opinion or a follow-up consultation with a doctor, it isn’t economically viable to go in for a visit and pay the full amount. Since time slots and its corresponding fees are fixed, they normally tend to be lower than the fees of a walk-in appointment. Follow up queries are easily solvable over text.

Medical help is expensive and without medical insurance, people have to bear the full brunt of long bills. Online doctor consultation is a cheaper alternative for those without medical insurance to get the help they need.

No location or time restrictions

Need to get that mysterious back pain checked out but your 9 to 7 job won’t allow it? Simply pick up your phone and ask for a doctor. You can text your concerns to your doctor in the comfort of your home, in your car or even at your desk in office.

Most jobs don’t allow for a lot of time on hand. If you’re one of the lucky ones with a two day weekend, you’ll find that a lot of doctors aren’t available on weekends. With online consultations you can talk to a doctor around the clock whenever you can spare a few minutes.

Even if we do manage to get ourselves to a clinic, we’re always scared we’ll end up catching an infection from that sniffling guy sneezing violently beside us. Straining to not breathe in any germs and all that nerve-wracking waiting actually adds to mental stress which may aggravate any illness we might have. It definitely helps to sit in the comfort of your home and calmly put forward any concerns you may have.

Breaching distances

The distance from your home to a healthcare center is often one of the biggest challenges that you have to face. Some are ill equipped to travel long distances to a healthcare center, some have homes removed from any healthcare providers in the vicinity but might need urgent answers to problems they are experiencing. If you’re lucky enough to own a car you have to account for the expenditure on petrol, waiting in mind-numbing traffic and stressing about getting a parking spot. For those who don’t own a car, waiting for public transport is another issue they need to deal with before they can get the care they need.

Online medical consultation can give you answers to health questions even as you sit on your couch in your pajamas. Responses are almost instant which are good for those who need urgent answers. Rural areas where medical resources are scarce will especially benefit from online consultation. Those in rural areas in developing countries have to travel to cities to get adequate healthcare. Online consultation will prove helpful in such cases, as they can receive advice from specialists as well.

Avoiding Self-Diagnosis

The first thing we do when we start sporting a mysterious pain in our bodies is googling the symptoms. Like many before us, the results most often than not come up all boding fatal diseases which freak us out. With countless health tips and articles online, people end up following things they’ve read off the net which more often than not are written by people with no expertise. This can prove dangerous as self-medication can go horribly wrong. Online doctor consultation enables us to put forth these queries to verified medical experts who can give you prudent advice on what to do and what not to do.

Using e-prescriptions

Nowadays doctors can send e-prescriptions to pharmacies and you can go directly to the pharmacy to pick up your medicines. This is especially useful for people who are on treatment plans which need refills every now and then. Your doctor can send a prescription remotely without you having to physically go and pick up a prescription for refills. This makes life easier for those who are on asthma medication or need birth control pills.

The system of e-prescriptions encourages interactions between pharmacists and doctors. With physical prescriptions, doctors are usually unaware about whether their patients are getting the prescribed medicines or store-recommended alternatives in case the prescribed medicines are unavailable. The alternatives might not suit a patient. In many cases, doctors using the e-prescription system can see whether the patient can afford the prescribed medicines or suggest cheaper alternatives.

Security and privacy

A lot of people with problems they deem embarrassing hesitate in going to medical practitioners and getting the help they need. In such cases, they can be guided through online consultation. They can avoid a face to face conversation and open up about their problems to doctors, knowing that their privacy is intact.

A common question which arises frequently with regards to online consultation is whether confidential information of both doctors and patients is safe. Most online services comply with HIPAA or Health Accountability and Portability Act which ensures that health information is protected in terms of privacy and security, digital or otherwise. Most countries have health laws in place which safeguard the privacy of health information provided to medical practitioners. Other than that, healthtech platforms normally have security systems and servers to make sure that your information is not preyed upon.

Knowing your body better

In some cases a doctor might ask you to examine your body symptoms to afford more clarity as to what the problem might be. As such, you will learn how to probe that suspicious looking lump or examine your swollen sinuses. You’ll be able to assess better as to what kind of help you need in case such problems crop up again. Though it’s always better to have a doctor examine you personally; in the absence of such means you’ll be able to have access to some guidance with regards to worrying symptoms.

While it’s definitely recommended that any medical issues be checked out personally by doctors as that will yield a more accurate diagnosis and appropriate treatment. Minor issues can be a warning sign for something serious which need careful, physical examination. However, for health issues that are not very urgent, online doctor consultation can cut out many hassles involved in getting adequate care. Most of the doctors online are verified experts who have their practice offline but also operate online.

So, when in doubt just pick up your phone, help is a few taps away.

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Source by John Benett

Views: 0

July 21, 2022
Yoonla – Digital Lifestyle Business – Is It Any Good? Quick Review

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This is a quick review of the Yoonla online digital lifestyle business created by Reno Van Boven. All of the information provided is from my personal experience of trying the business in which I aim to provide a honest perspective on Yoonla & in what this entails for you.

This article is not meant to get all technical & confusing for those reading or interested in becoming digital marketing professionals so I try to keep the wording as simple as possible.

There are 2 types of accounts:

1) Free- pretty easy to create (like creating an email or Facebook account but can’t make money… YET TILL YOU UPGRADE TO…

2) Elite- this is where you really start earning money. Once you followed the 7 steps of creating your elite account (all the hard part is done by Yoonla) & upgraded to elite; you are on your way to earning well. Mind you, you do have to upgrade to elite to get all the benefits of this program. You are wondering how much. It is only $50-$70 dollars to start earning commissions on a regular & consistent basis. But THIS IS WELL WORTH IT!

Once you upgraded to elite, you can get to earning by getting people to sign-up under you. There are 2 tiers of making money from Yoonla- let me briefly explain tier 1:

1) You get $4 for every free account that signs up under you from English speaking countries (UK, USA, New Zealand etc)

2) You get $2 from people in non-English countries (Spain, Brazil, China)

Tier 2 is where it gets all exciting… for every person who upgrades to the elite account under you (you the SPONSOR) you get $30 commission for each person.

The reason I enjoy this program is the fact that its WORLDWIDE… anyone can make money from this. Male or female, rich or poor. This program does not discriminate which is reason why I recommend people to upgrade as soon as possible. The price for starting the elite account will be recovered as soon as you get people to sign up under you.

All payments are done by PayPal so all the commissions will be sent to your PayPal account. And you get paid once a month. Consider this as a lump sum of money.

This business is a slow build- don’t expect to earn $10,000 in a month straight away like you hear in some videos or personal stories. 95% of the time they did not earn it like they say & if they did; they are only the few out of hundred thousands to do this. Simply, just because you started your business does not make you entitled to earn huge sums of money. In hearing some of Yoonla stories, most people do not make serious money till 5-6 months later on down the line.

This is where you have to put the hard work to get to this stage in the first place. If you’re interested in learning how do this as soon as possible, leave a comment.

Thank you for reading.

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Source by Zhane Kelly

Views: 0

July 21, 2022
Phentermine: An Effective Drug for Weight Loss in an Organic Way
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Weight gain and obesity is a major problem these days, and the basic reason behind it is a bad lifestyle. However, with proper diet, calorie counting, and exercise one can reduce their weight effectively if one follows a strict routine. But many times it is seen that losing weight can be a lot more difficult, and in that case, one can take help of some of the best weight loss drugs. One such weight loss drug is phentermine, and it is used along with a regular diet which is strict on sugar and fat and daily exercise.

About phentermine

Phentermine is a weight loss supplement or drug which is approved by the FDA, which can be found in the form of phentermine pills from authentic online stores. Initially, it was combined with some other weight loss drugs and formed a supplement called fen-phen. It is very similar to the amphetamine and should be used in a controlled way. Sometimes phentermine is combined with topiramate to make it more effective.

It is usually used for a certain time period, and the most common dosage time is of 12 weeks. With regular consumption of this drug, one can lose from 5% to 10% of the body fat for an overweight or obese person whose BMI is either more than 27 or 30 in case of obesity.

After gradual use one can see their weight decreasing, lessening of the circumference of their waist and even control over blood sugar level.

Working of phentermine

This drug is basically effective in reducing one’s appetite, means it is an appetite suppressant. In medical term, they belong to anorectics class. Now that these drugs reduce one’s appetite, a person will eventually eat less and will have less cravings of unhealthy and fatty foods. Phentermine reacts on the neurological level, as it can increase the concentration of neurotransmitters in the body. Increased levels of neurotransmitters like dopamine, serotonin, and norepinephrine lead to loss of hunger and cravings in a person. One can get the diet pills phentermine prescribed online by an authentic website easily and hence can start their routine as soon as possible.

Benefits

Now that getting phentermine no prescription is so easy and can be found everywhere, one should be careful with them too as it is quite easy to develop a resistance towards it.

But if taken in proper doses and for a fixed time period they can have their benefits too. Some of such benefits are:
- One can attain their target body weight, which leads to a happy and healthy lifestyle and also helps in preventing various diseases which are caused due to obesity.
- Now one will not have to undergo medication for a longer time period as phentermine shows result within a short term only.
- Unlike other prescription drugs, it will not make anyone feel tired and exhausted.
- And the biggest advantage of phentermine is that after stopping the prescription dosage one will not gain unnecessary weight just like other stimulants and weight loss drugs in the market.
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Source by Shalini M

Views: 0
July 21, 2022
Try These Tips If You Want To Succeed In Affiliate Marketing

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Affiliate marketing can be a great way to establish a good income with little or no overhead at all. Just a whole lot of honest hard work, dedication and of course, good information. This article is designed to provide you with some excellent advice on the business of affiliate marketing and help you find your way in and around it to a nice, consistent profit!

Trying to market popular products online will not produce good results in your affiliate status. You want to have a good quality product but it does not have to be uber popular. Choosing very popular products means you will be in fierce competition ahead. You may be unable to make a profit.

When selecting an affiliate marketing program, check out their resources in terms of sale-boosting items for you. A good affiliate program will offer you banner images, content for text ads, and letter templates, in order to help you boost sales. A sale for you is a sale for them, and you want to work for a company that understands your value as an affiliate.

Try looking into secret links. There are plenty of including affiliate links into your text without them being completely obvious. Be transparent about them if you use links and take advantage of their use. Make sure your readers understand the reason for the link so there are no surprises.

If someone visits a site about sports, they expect to see sports-themed news, ads, and merchandise. Only a sports-related link would benefit your affiliate site. If the site has relevant links, people will be more likely to access them.

It is better to affiliate partners that put out products if possible. You are more affiliate revenue by working with businesses that have a larger variety of products which are interesting to your consumers. Avoid one-trick pony and fads.

Anything you write during a marketing campaign or for your business, in general, should be written in plain, easy-to-understand language. Do not open the thesaurus and look for rarely-used words that make you seem a bit too snobbish. This is your Internet business, not a Newspaper. Readers want it simple.

It is advisable for affiliate partners to use text services in order to gain greater commissions.

A great affiliate marketing tip is to provide your real name and a working email address to your visitors and customers. Providing your name and email address will make you look credible, and you want to look as credible as possible in order to gain the trust of your visitors.

If your site has a sports-related theme, your viewers are there for sports. Only a sports-related link would benefit your affiliate sites that are related to the products you market. Your visitors will follow a link that is relevant to the information on your site.

Remember to always provide great, timely, valuable content that really gives your readers helpful and useful information. When you do this, your readers will have more faith in you and will be much more likely to want to do business with you. A great deal of affiliate marketing depends upon building a good relationship with your clients and proving yourself trustworthy and knowledgeable.

Consider using paid advertising to get a jump start on your affiliate marketing program. Ads that are targeted towards keywords related to your site.

One good way to evaluate a potential affiliate marketing partner is to examine the material they give to potential customers, such as their sales letter. You can learn a lot about an affiliate by seeing how they treat their customers. Think of yourself as a customer and ask yourself if the affiliate is someone you would buy from.

It is so important that your readers trust you and your content. Readers support authors who provide them with quality contact by purchasing through your links.

You don’t want to spend much time working on a company’s affiliate program only to never get paid or to discover that they mistreat referrals. Check the company’s reputation by visiting the appropriate blogs and user forums. Test communications through email and telephone. Do they promptly answer emails? Are they rude? Are phone calls put on eternal hold? They way they treat you is how they will likely treat the customers you refer to them.

Create a hard deadline for consumers to buy certain affiliate products. When visitors feel time pressure, they are more likely to jump on the deal. This approach is likely to render a good strategy that may help improve your sales.

A great affiliate marketing tip is to disguise your affiliate link. Sometimes marketers will try to scam you by simply changing your link around so that they’ll receive your commission. You can avoid this by disguising your link. An easy way to disguise your link is by making it redirect to a domain or page.

You need to be quite aware of who is visiting your target audience is in affiliate marketing. You need to work to meet the needs of your message to resonate with your readers. Try to figure out what makes them visit your website and then expand on that knowledge. What specific things are they interested in?

Do not make the mistake of focusing on just one sales technique. You might have the best blog in the world, but you are still losing out on customers who need a little more push or don’t like reading a blog. Advertise on other sites. Send out emails with value-added sales techniques to take people from prospects to customers.

You should reveal your affiliate position to your readers. Being honest like this helps readers feel that they are sure to appreciate that.

There may seem to be a million and one things to remember about affiliate marketing, so many different things to think of and take care of to cultivate your online earnings from it. Hopefully, this article has enlightened you somewhat, to the complexity and confusion and you are now ready to embark on a career change to affiliate marketing that could very well, change your life!

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Source by Cameron Nyack

Views: 0

July 20, 2022
5 Tips That Can Help You Choose A Good Family Doctor

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Choosing a good family doctor is not easy. You need to see a doctor who can perform the right diagnosis based on the symptoms of the patient. So, we suggest that you take your time while doing research before choosing a doctor. Given below are 5 tips that may help you make the best choice.

1) Consider an In-Network Specialist

If you have a health insurance policy, you may be able to avail the service of a doctor at discounted rates. Seeing these doctors won’t cost you an arm and a leg. These are in-network professionals. This type of pro can help you avoid any additional fees or surprise co-pays.

If you don’t know any of these doctors, your insurance provider can give you a list of a few good names. Alternatively, you can check online or ask the doctor that can accept your insurance.

2) Opt for Specialized Care

While choosing a doctor, make sure you take into account the needs of your family. In other words, if a family member is in need of special care, your chosen doctor should be able to offer it.

If your doctor can’t help you with this, your best bet is to look for a specialist. Typically, family care doctors can help you get in touch with a good specialist.

3) Consider the Commute

Often, distance is one of the most overlooked factors when opting for a doctor. Although 10 miles is not a long ride, you may not be able to spare that much time if you have a busy schedule. So, it may cause you a lot of inconveniences. Therefore, we suggest that you be practical as far as the distance is concerned.

4) Schedule an Initial Visit

You need to see the doctor in person before you choose them as the doctor may not have the bedside manners you want. Typically, most professionals offer a free of charge initial consultation. This discussion can help you find out if they have a good personality.

5) Read reviews and Ask for Referrals

Nowadays, you can read reviews on almost anything under the sun if you have access to the internet. The same goes for family medicine. It is not a factor that you have to consider, but it can help you get a deeper insight into the quality of service the doctor offers.

For instance, talking to the referrals will help you find out if the staff is friendly. By reading reviews and talking to a few referrals, you can make a better decision.

The Takeaway

Looking for a good family doctor is really important. So, it’s better that you do your homework and consider all the options that your insurance provider gives you. Actually, what you need to do is look for a doctor that you can work with for a long-term. After all, your health, as well as the health of your family members, depends largely on good health care. So, make sure you consider these tips before choosing a family doctor.

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Source by Shalini M

Views: 0

July 19, 2022
Small Business Owners: Accounting Is for Profit Planning, Not Just Tax Preparation
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One might be led to believe that profit is the main objective in a business but in reality it is the cash flowing in and out of a business which keeps the doors open. The concept of profit is somewhat narrow and only looks at expenses and income at a certain point in time. Cash flow, on the other hand, is more dynamic in the sense that it is concerned with the movement of money in and out of a business. It is concerned with the time at which the movement of the money takes place. Profits do not necessarily coincide with their associated cash inflows and outflows. The net result is that cash receipts often lag cash payments and while profits may be reported, the business may experience a short-term cash shortage. For this reason, it is essential to forecast cash flows as well as project likely profits. In these terms, it is important to know how to convert your accrual profit to your cash flow profit. You need to be able to maintain enough cash on hand to run the business, but not so much as to forfeit possible earnings from other uses.

Why accounting is needed

Help you to operate better as a business owner
1. Make timely decisions
  - Know when to hire a team of employees
  - Know how to price your products
  - Know how to label your expense items
  - Helps you to determine whether to expand or not
  - Helps with operations projected costs
2. Stop Fraud and Theft
  - Control the biggest problem is internal theft
  - Reconcile your books and inventory control of equipment
3. Raising Capital (help you to explain financials to stakeholders)
  - Loans
  - Investors
What are the Best Practices in Accounting for Small Businesses to address your common ‘pain points’?
1. Hire or consult with CPA or accountant
  1. What is the best way and how often to contact
  2. What experience do you have in my industry?
  3. Identify what is my break-even point?
  4. Can the accountant assess the overall value of my business
  5. Can you help me grow my business with profit planning techniques
  6. How can you help me to prepare for tax season
  7. What are some special considerations for my particular industry?
To succeed, your company must be profitable. All your business objectives boil down to this one simple fact. But turning a profit is easier said than done. In order to boost your bottom line, you need to know what’s going on financially at all times. You also need to be committed to tracking and understanding your KPIs.

What are the common Profitability Metrics to Track in Business — key performance indicators (KPI)

Whether you decide to hire an expert or do it yourself, there are some metrics that you should absolutely need to keep tabs on at all times:
- Outstanding Accounts Payable: Outstanding accounts payable (A/P) shows the balance of cash you currently owe to your suppliers.
- Average Cash Burn: Average cash burn is the rate at which your business’ cash balance is going down on average each month over a specified time period. A negative burn is a good sign because it indicates your business is generating cash and growing its cash reserves.
- Cash Runaway: If your business is operating at a loss, cash runway helps you estimate how many months you can continue before your business exhausts its cash reserves. Similar to your cash burn, a negative runway is a good sign that your business is growing its cash reserves.
- Gross Margin: Gross margin is a percentage that demonstrates the total revenue of your business after subtracting the costs associated with creating and selling your business’ products. It is a helpful metric to identify how your revenue compares to your costs, allowing you to make changes accordingly.
- Customer Acquisition Cost: By knowing how much you spend on average to acquire a new customer, you can tell exactly how many customers you need to generate a profit.
- Customer Lifetime Value: You need to know your LTV so that you can predict your future revenues and estimate the total number of customers you need to grow your profits.
- Break-Even Point:How much do I need to generate in sales for my company to make a profit?Knowing this number will show you what you need to do to turn a profit (e.g., acquire more customers, increase prices, or lower operating expenses).
- Net Profit: This is the single most important number you need to know for your business to be a financial success. If you aren’t making a profit, your company isn’t going to survive for long.
- Total revenues comparison with last year/last month. By tracking and comparing your total revenues over time, you’ll be able to make sound business decisions and set better financial goals.
- Average revenue per employee. It’s important to know this number so that you can set realistic productivity goals and recognize ways to streamline your business operations.
The following checklist lays out a recommended timeline to take care of the accounting functions that will keep you attuned to the operations of your business and streamline your tax preparation. The accuracy and timeliness of the numbers entered will affect the key performance indicators that drive business decisions that need to be made, on a daily, monthly and annual basis towards profits.

Daily Accounting Tasks
1. Review your daily Cash flow position so you don’t ‘grow broke’.
Since cash is the fuel for your business, you never want to be running near empty. Start your day by checking how much cash you have on hand.

Weekly Accounting Tasks

2. Record Transactions

Record each transaction (billing customers, receiving cash from customers, paying vendors, etc.) in the proper account daily or weekly, depending on volume. Although recording transactions manually or in Excel sheets is acceptable, it is probably easier to use accounting software like QuickBooks. The benefits and control far outweigh the cost.

3. Document and File Receipts

Keep copies of all invoices sent, all cash receipts (cash, check and credit card deposits) and all cash payments (cash, check, credit card statements, etc.).

Start a vendors file, sorted alphabetically, (Sears under “S”, CVS under “C,”etc.) for easy access. Create a payroll file sorted by payroll date and a bank statement file sorted by month. A common habit is to toss all paper receipts into a box and try to decipher them at tax time, but unless you have a small volume of transactions, it’s better to have separate files for assorted receipts kept organized as they come in. Many accounting software systems let you scan paper receipts and avoid physical files altogether

4. Review Unpaid Bills from Vendors

Every business should have an “unpaid vendors” folder. Keep a record of each of your vendors that includes billing dates, amounts due and payment due date. If vendors offer discounts for early payment, you may want to take advantage of that if you have the cash available.

5. Pay Vendors, Sign Checks

Track your accounts payable and have funds earmarked to pay your suppliers on time to avoid any late fees and maintain favorable relationships with them. If you are able to extend payment dates to net 60 or net 90, the better. Whether you make payments online or drop a check in the mail, keep copies of invoices sent and received using accounting software.

6. Prepare and Send Invoices

Be sure to include payment terms. Most invoices are due within 30 days, noted as “Net 30” at the bottom of your invoice. Without a due date, you will have more trouble forecasting revenue for the month. To make sure you get paid on time, always use an invoice form that contains the right details such as payment terms, itemized charges, and your payment address.

7. Review Projected Cash Flow

Managing your cash flow is critical, especially in the first year of your business. Forecasting how much cash you will need in the coming weeks/months will help you reserve enough money to pay bills, including your employees and suppliers. Plus, you can make more informed business decisions about how to spend it.

All you need is a simple statement showing your current cash position, expected cash receipts during the next week/month and expected cash payments during the next week/month.

8. Executive Dashboard (weekly review)

This dashboard gives you a ‘snapshot’ of your operations on a weekly basis.

It consist of Cash on Hand, Cash burn rate, Account Receivables, Accounts Payable, Items sold, Inventory on Hand, inventory turns, outstanding issues in the business, and gross profit margin, new sales wins, customer losses, customer service performance, on time delivery rate and product quality performance.

Monthly Accounting Tasks

9. Balance Your Business Checkbook

Just as you reconcile your personal checking account, you need to know that your cash business transaction entries are accurate each month and that you are working with the correct cash position. Reconciling your cash makes it easier to discover and correct any errors or omissions-by you or by the bank-in time to correct them.

10. Review Past-Due (“Aged”) Receivables

Be sure to include an “aging” column to separate “open invoices” with the number of days a bill is past due. This gives you a quick view of outstanding customer payments. The beginning of the month is a good time to send out overdue reminder statements to customers, clients and anyone else who owes you money.

At the end of your fiscal year, you will be looking at this account again to determine what receivables you will need to send to collections or write off for a deduction

11. Analyze Inventory Status

If you have inventory, set aside time to reorder products that sell quickly and identify others that are moving slowly and may have to be marked down or, ultimately, written off. By checking regularly (and comparing to prior months’ numbers), it’s easier to make adjustments so you are neither short nor overloaded.

12. Process or Review Payroll and Approve Tax Payments

While you have an established schedule to pay your employees (usually semi-monthly), you need to meet payroll tax requirements based on federal, state and local laws at different times, so be sure to withhold, report and deposit the applicable income tax, social security, Medicare and disability taxes to the appropriate agencies on the required dates.

Review the payroll summary before payments are disbursed to avoid having to make corrections during the next payroll period. A payroll service provider can do all this to save you time and ensure accuracy at a reasonable cost.

13. Review Actual Profit and Loss vs. Budget and vs. Prior Years

Each month, take the time to review your budgeted expenses and compare them to what you have actually spent. Are you spending above or below budget? Discuss the variances and take action as needed

Your profit and loss statement (also known as an income statement), both for the current month and year to date, tells you how much you earned and how much you spent. Measure it against your budget every month (or quarter). Comparing your actual numbers to your planned numbers highlights where you may be spending too much or not enough, so that you can make changes.

If you have not prepared a budget, compare your current year-to-date P&L with the same prior-period year-to-date P&L to identify variances and make adjustments.

14. Review Month-End Balance Sheet vs. Prior Period

By comparing your balance sheet at one date-June 30, 2015, for example-to a balance sheet from an earlier date (December 31, 2014), you get a picture of how you are managing assets and liabilities. The key is to look for what is significantly up and/or down and understand why. For example, if your accounts receivable are up, is it due to increased recent sales or because of slower payments from customers?

Quarterly Accounting Tasks

15. Prepare/Review Revised Annual P&L Estimate

It’s time to evaluate how much money you are actually making, whether your net assets are going up or down, the difference between revenues and expenses, what caused those changes, how you are spending profits, as well as identifying trouble spots, and making adjustments to improve sales and margins.

16. Review Quarterly Payroll Reports and Make Payments

You have been reviewing your semi-monthly payroll reports. However, the IRS and most states require quarterly payroll reports and any remaining quarterly payments. Again, it’s best if your payroll service provider completes these reports and files them. Your job is to review to make sure they appear reasonable.

17. Review Sales Tax and Make Quarterly Payments

If your company operates in a state that requires sales tax, make sure you comply to avoid serious penalties. The U.S. Small Business Administration (SBA) can help you determine your state tax obligations.

18. Compute Estimated Income Tax and Make Payment

The IRS and states that have income taxes require you to pay estimated income taxes. Review your year-to-date P&L to see if you owe any estimated taxes for that quarter. Your tax accountant can assist if necessary.

Annual Accounting Tasks

19. Review Past-Due Receivables

Now it’s time to check significant past due receivables and decide whether you think customers will eventually pay, whether to send past due bills to a collection agency or whether to write them off for a deduction.

20. Review Your Inventory

Review your current inventory to determine the value of items not sold. Any write-down of inventory translates to a deduction on your year-end taxes. If you do not write down unsellable inventory, you are overstating your inventory balance and paying additional taxes that you don’t owe.

21. Fill out IRS Forms W-2 and 1099-MISC

The IRS has a January 31 deadline that requires you to report the annual earnings of your full-time employees (W-2s) and most independent contractors (1099s). This deadline includes mailing copies of the tax forms to the people who worked for you. Note: A 1099 form is not required for any contractors who earned less than $600. Consider saving time and avoiding errors with an e-filing service.

22. Review full-year financial reports for tax reporting
- Get organized
  - Collect and store important documents (use apps and calendars for help)
    
    Create email folders to store bank statement and receipts
    
    Store contracts and agreements
    
    Track miles and vehicle expenses
    
    Store all required documents for your business type.
  - Tax Preparation
    
    Tax preparation is a historical view and not a profit planning event
    
    Capture all relevant events
    
    Identify all deduction categories
    
    Capture all meals
    
    Meetings —-whatever was discussed/calendar
    
    Try not to go over industry average industry cost for meals.
At tax time, carefully review your company’s full-year financial reports before giving them to your accountant. Before you sign your return, be sure to review it for accuracy based on your full-year financial reports. Remember if IRS audits due to underpayment, they will deal with you not your accountant for any additional taxes, penalty and interest.

If you don’t have the bandwidth to do all this yourself, a great strategy is to partner with a monthly accounting service. Outsourcing your accounting to an expert will simplify your life and give you more time to focus on running your business operations.

A monthly accountant will provide you with a profit and loss sheet, balance statement, and accurate account reconciliation every month, ensuring that you have the financial information you need to make the best choices for your company.

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Source by Vinson Primas

Views: 0
July 19, 2022
Can Meditation Cure Cancer?

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Meditation is a powerful tool of preventative medicine. It can facilitate self-healing and inspire a deep sense of well-being. In this article, you’ll learn four ways to use meditation for health and wellness. You’ll also read a profound story of how mindfulness and meditation cured one woman’s cancer.

Let’s begin with this story of miraculous healing from “Meditation: An In-Depth Guide” (Jeremy P. Tarcher/Penguin, 2011) by Ian Gawler and Paul Bedson.

Bernice Heals Her Cancer

(p.274-278, MAIG)

In 1980, Bernice Groeke was diagnosed with melanoma in her calf which she had surgically removed. A year and a half later, doctors found melanoma in a lymph node in her groin and also surgically removed that. A year and a half after that, the cancer had spread to her lungs, at which point the doctors said that it was inoperable. They said there was nothing medically they could do for her and that she had only months to live.

Bernice decided to join a 12-week cancer self-help group. Soon after joining the group, the discussion turned to the effect of mindset on handling the physical pain and mental-emotional suffering of cancer. Bernice had never really given much thought to her mindset.

However, as the group discussed the power of mindfulness and positive thinking, Bernice quickly recognized just how negative her usual mindset tended to be. In fact, she had taken it as her duty to be on guard and to warn her family and friends of anything that could go wrong. On the flip-side, she was also quick her warn herself and others not to get too excited about new possibilities because they were likely to end in disappointment.

Bernice realized her mindset was the definition of a “glass half-empty” approach to life. So, after learning about the benefits of thinking more positively, she decided to change her habitual mindset. To do this, she decided to repeat the affirmation “I am a positive person” anytime she recognized herself going negative.

About six weeks into her new mindfulness and affirmation practice, she was sitting with her husband after dinner when she experienced one of the melanomas pressing uncomfortably against her spine. Her husband noticed her agitation and asked what was wrong.

Bernice replied, “Perhaps the doctors are right. Perhaps I’m just kidding myself. Perhaps I should just accept the fact that I’m going to die and give up on all this other stuff.” (p.275, MAIG)

Her husband was sympathetic to her pain and he was also aware of her new affirmation practice. So, instead of just sympathizing, he replied, “Oh that’s interesting. What are you?”

“What do you mean, what am I?” she replied.

“Oh, I thought you were a positive person now” he said.

Bernice reflected on this and replied, “You’re right, I am.”

Bernice recalled that, as she said this, she felt a palpable shift inside her body, as if a switch had been turned on. From that moment on, she was able to see the positive in every situation.

Shortly after this inner shift, she was meditating and praying in church and had a profound mystical experience of God’s Presence in which she understood the Biblical phrase “Be still and know that I am God.” From that moment on, her faith was strengthened. She found it easier to follow through on her healthy diet and her healing efforts with meditation. She also became enthusiastic about serving others.

Within six months, scans revealed that her lungs were clear of all tumors. And, within a year, much to their surprise, doctors proclaimed her cancer-free.

Soon thereafter, Bernice volunteered to speak to meditation groups at the Gawler Foundation telling them her story. She beamed radiantly as she spoke and her enthusiasm for life was infectious. Bernice became an inspiring spiritual force.

Several years later, her husband died in his late eighties. Her friends and family wondered how Bernice would take his passing. After all, they had been together for over sixty years.

While she grieved appropriately and was deeply saddened, she surprised them with her resilience. She said, “Well, you know, it is really sad that Wain died and I will miss him terribly, but it will be interesting… I have never lived on my own before. I wonder what it will be like not having to take Wain into account anymore?”

Shortly thereafter, to help with expenses, Bernice took in a student boarder from overseas. They quickly became the best of friends. She taught him of life in Australia and he gave her company and financial support. It was a beautiful new chapter in her life.

Then, in 2009, at the age of 93, and 26 years after her cancer had disappeared-it reappeared. This time, she deteriorated quickly.

At first, she thought she was at fault. She went to Gawler to express her disappointment in herself. Gawler was quick to remind her of her remarkable recovery. For over 26 years, she had lived cancer-free. He reminded her that we all die of something-and that we don’t always know why. He also reminded her of her faith.

Bernice conceded that she had somewhat lost touch with her faith and now she had some doubts and fears of dying.

Gawler encouraged her that doubts and fears were natural human feelings, especially in the face of death. He encouraged her to mindfully recognize her doubts and fears and accept them for what they were-natural feelings toward facing the unknown. He also suggested to Bernice that dying was like “going home.”

He reminded Bernice of her faith and encouraged her to imagine what it would be like to rest in the Divine Presence. He told her that “dying was easy, that she had led a good life, and she could look back on it with gentle satisfaction and no regrets. To die she only had to breathe out and not breathe in again. It would be easy.”

Supported by Gawler’s words, Bernice resolved to focus on the Divine Presence and imagine herself merging with it when the time came.

Bernice died less than a week later, peacefully. And, her funeral was a joyous celebration of her life. Family, friends, and throngs of those whom she had touched with her smiling service came to celebrate what she had meant to them.

A beautiful story.

4 Ways Meditation Supports Health and Healing

So, what can we draw from Bernice’s story that can help us heal and be healthier?

1. Your mindset affects your ability to heal

As we saw with Bernice, her healing began with healing her attitude, her habitual mindset. She recognized her habit of looking at life through a negative and fear-based lens. She was always wary, on guard, and expecting the worst. Before attending the cancer self-help group, she hadn’t really noticed this was a mindset, or that it was detrimental-she just thought she was being conscientious, responsible, and careful.

Bernice learned to change her mindset by affirming, “I am a positive person.”

Now, having a positive mindset is not about making things up or making things better than they really are. It’s about noticing the opportunities that are present in every situation. It’s about seeing what can be done rather than focusing on what can’t. It’s about being present with “what is” and noticing what you can do to move things forward in a good direction.

When you do this, you open yourself to a wider scope of possibilities and become more inspired to take positive action.

2. The choices you make matter

As you open yourself to a wider scope of possibilities, you realize you can choose to take actions that make a positive difference for yourself and others. Things are not “just the way they are,” they are the result of a series of choices that combine to create specific results.

Meditation supports a state of clear seeing in which you can recognize options and make good choices. Through meditation, you become more able to choose what works and let go of what doesn’t.

As Bernice opened to the possibility of healing, she began to make different choices. She chose to say her positive affirmations to reset her mindset. She adopted a healthier diet. She meditated daily. She increased her efforts to serve others. She widened her community.

In time, these combined with other unseen forces to create healing.

3. Meditation itself supports healing

One of the most important things you can do to facilitate healing-whether it’s physical or mental-emotional-is to activate your body’s natural relaxation response.

When you are in stress-mode, over-busy, and over-whelmed, your body restricts energy flow to digestion, immune, and higher-thought processes. Your sympathetic nervous system directs all energy outward and you lose your ability to absorb nutrients, repair your cells, and make good choices.

Our bodies are made to alternate between periods of activity and rest. Most of err on the side of too much activity. We rush from one thing to the next and don’t allow ourselves time to consciously process the events of the day. Then, we spend our sleeping hours actively processing life in our dreams. This hinders deep rest and recovery.

When you consciously relax, using a tool such as meditation, you activate your parasympathetic nervous system, your natural recovery and repair mode. This brings digestion, immune, and higher-thinking capacities back online. You also begin to process and integrate the events of the day, and of your life up to now, so you can let the past go and be more present with what is.

For these reasons, it’s vitally essential to consciously activate the Relaxation Response at least once a day using a tool such as meditation for at least 10-20 minutes.

4. Meaningful imagery supports healing

Bernice had a strong faith in God. Because of this, she found it quite helpful and healing to imagine herself immersed in the Divine Presence. This soothed and comforted her. Her faith also prompted her to take other healing actions, serve others, and build community.

When we think only of ourselves and our own suffering, it’s easy to get bogged down in feeling “Woe is me.” Widening your vision to realize your Oneness with the larger field of Life inspires and heals. Health and healing occur naturally as a result of the Universal Life-Force flowing strongly and smoothly through your whole being. Meditation is a powerful way to mindfully recognize blocks to this flow, release them, and center into this deeper enlivening Presence.

Enjoy your practice!

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Source by Kevin Schoeninger

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July 18, 2022
An Overview of Vitamin World

Nutritional supplements are in huge demand and one of the most established companies in this competitive market is Vitamin World. Vitamin World is a well established manufacturer and retailer of nutritional supplements. There are over 550 Vitamin World stores in the United States. However, it is the online side of their business that is even more impressive. The Vitamin World website has an extremely efficient automated order fulfilment system that is extremely sophisticated. This allows Vitamin world to process orders and dispatch them to thousands of households across the country.

The manufacturing side of Vitamin World was established in the 1960s in Long Island, New York. Nowadays, vitamin world produces more than a thousand nutritional supplement products. The product range that Vitamin has is extremely extensive and includes vitamins, minerals and herbs in every available type including tablets, two piece capsules, soft gel capsules, powders and liquids. All of the Vitamin World products are manufactured in their own state-of-the art facilities in Long Island.

Vitamin World has grown into a well respected nutritional supplement provider and this is due, in part, to the millions of dollars that it has invested in the manufacturing and quality control aspects of the business. The demand for quality nutritional supplements is constantly increasing and Vitamin World keeps ahead of the trends with its own scientists and researchers striving to develop new products to satisfy the needs of the public.

All of the Vitamin World products are developed in association with many state and federal agencies, including the FDA and the U.S. Pharmacopoeia (USP), to ensure that their test procedures guarantee their strength and beneficial qualities. This gives all Vitamin World customers the reassurance that their nutritional supplements are produced to the highest possible standards and with the greatest amount of purity available. The processes used by Vitamin World have become the benchmark for many other nutritional supplement manufacturers and retailers to aspire to.

Customers now have the choice of buying the Vitamin World products through a traditional store or in the comfort of their own home through the website. The efficiency of their website strives to deliver quality vitamin supplement products in the shortest time possible and guarantees full customer satisfaction. Vitamin World continues to develop new and more effective nutritional supplements and manufacture them in convenient forms to enable people of all ages to be able to have the nutritional health that their diet and lifestyle may not provide.

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July 15, 2022