Category Archives: Money and Business

What does it mean to be an entrepreneur? Well, it can mean a lot of different things. If you are an entrepreneur that is seeking online opportunities to make money, then it means that you are a type of person who does not want to pass any good opportunities. An entrepreneur is going to look for niches which are not saturated and try to make money this way. Online entrepreneurs can make money many ways. You can sell products or services. Millions of people use the Internet every day and that is why it is a good time to be an online entrepreneur. If you keep visiting this blog, then I will try to offer you advice about how to be a successful entrepreneur.

Over the last couple of years, I have had a chance to experiment with selling various types of products: some of them very expensive while some of them were rather cheap, yet lower quality. I have learned so much over the years that I feel like I could write a book on the topic.

I have to admit that I prefer to sell rather cheap products but sell a lot of them rather than sell a more expensive products but not that often. I’d rather prefer to have a steady source of income rather than sell only from time to time, even if it means getting a larger sum of money suddenly.

What advice would I be willing to offer to you? My advice is definitely to experiment with various types of products you might wish to sell. Try to figure out what works best for you and what you prefer to sell and make profit from.

There is a lot to be said about money and investments. Some investments are more popular than others. Some time ago I got interested in precious metals as I wanted to make up my mind whether it is a good idea to invest in them. i heard in a magazine that gold and silver have been pretty good investment opportunities for the last couple of years. It might be all a matter of opinion, but there certainly can be ways to measure which investment is more profitable on average. I remember hearing stories about people who have successfully preserved their wealth after investing in bullion coins and gold bullion. It is always encouraging to me to hear various success stories. That is just human nature. People have been investing in precious metals for many millennia and many of them were making a profit. One can lose fortunes while holding depreciating cash. Try to at least put your cash in a bank account that offers some good interest rates. Investing in gold is another idea that I have been considering as I heard that gold helps preserve wealth.

As you may know, I enjoy talking about finance on this blog. Recently, I have been researching the topic of gold and gold coins. Gold is one of those precious metals that is accepted in all five of the world markets. In the United States, for example, the US dollar was no longer set against the gold standard since the early 1970s. In practice, this means that investors can buy gold bullion like stocks in the free market. It is interesting to look at the prices of gold for the last few decades. For example, the price of gold used to be around $850 per ounce in the 1980s. In the 1980s, the price dropped to $250 per ounce. Today, gold trades at approximately $1000 per ounce, but we never know what direction the price will go. Since gold can be traded like stocks in the free market, the rule of investment that applies here is the following: buy when the price is low and sell when the price is high. It might be difficult to make money by trading gold, but it might be worth it in some cases. Of course, there are no investments that are a 100% sure bet. Some people are interested in obtaining gold coins as they look great and they can later possibly sell for more money.

I used to be a lot more ignorant in the past when I started my first online business. Right now I can say that I am a lot more experienced when it comes to that.

One thing that helped me a lot increase the number of sales was trying to imagine who my clients were and whom I wanted to target. In other words, I put a face on my perfect client and I wanted to determine who he was. Was my perfect client young or old? Does he have any kids? What does he do in his spare time? Where does he work? Does he travel frequently and if yes, what are some of the most common destinations he likes to travel to? These are only some of the questions I used to ask myself to determine with whom I am going to deal. It helped me realize who will buy from me and what I should do in order to create a perfect product for him.

When I first started my small online business some time ago, I did not really worry about my competitors. All I wanted to do was to sell my products as fast as I could and make a profit from it. I did not realize at that time that there were hundreds or even more people who had the same goal in mind as I had at that time: to sell as much as possible.

The longer I was a small online business owner, the more I started to realize that I needed to become aware of my competitors. I even started studying them to know exactly what they were up to. Of course, I did not dedicate plenty of time to the task, but I wanted to know more or less what techniques they were using to sell their products.

There are many different investment opportunities out there. I believe that it is important to have a diverse portfolio which means that you do not invest all of your money into one thing. This way you can minimize the risk. In order to have a diverse portfolio, one can choose to invest both in gold bullion or bullion coins. Some say that gold is a pretty good investment opportunity as it is currently trading at $1100 per ounce and its price is expected to continue to increase in the future. On the other hand, silver is trading below $20 per ounce. Only because silver is trading at a lot lower price does not make it a better choice when it comes to investment opportunities. Anyway, there are many factors to consider so make sure that before you invest you read about this topic a bit.

Some people might have some gold or silver that they do not need and they want to make some extra buck. While attempting to trade in gold or silver, make sure that you choose a reputable company to sell your gold. Probably you will not be surprised if I tell you that there might be some scammers out there who will want to cheat you out of your money. Do not let this happen to you. Choose only a company that is guaranteed to be a safe bet. Another thing to remember pick a company that will offer you a quote.

I often like to write about making money. I do not claim that I know some secret way to make millions of dollars, but I like to share my opinions about various topics. One thing I am interested in right now are precious metals. Throughout the centuries, precious metals such as silver and gold have been used a currency to purchase various products and services. The problem with the global economy is that it continues to go up and down. Those changes can happen suddenly. As a matter of fact, you never know when they might occur. The world currencies might collapse at any time. It will probably not happen in our lifetime, but who knows? If national debt spending is not brought under control, something disastrous might happen. For example, traditional currency can become worthless in a matter of minutes. While it may not happen that easily, it is always a good idea to be prepared for anything. The good thing about precious metals such as gold or silver is that they will never become worthless. Well, at least not unless there would be some drastic changes in the world.

I learned that my potential customers usually want to read or learn something about my company before they choose to do business with me. I completely understand their approach. I also would not want to do business with somebody I have no idea about. This is why I wrote my mission statement almost straight after founding my company. A mission statement does not have to be written with your potential customers in mind, although it is a good idea to focus on them. Other people who might want to read your mission statement are your family and friends. They too might want to know what you do in life. They might want to learn about your company by reading your mission statement and see what you are up to.