Building Your Online Portfolio

Written by Rachel Gawith


Building your Online Portfolio

So you want to start earning online and have invested some of your hard earned cash in a couple of online programs but have you really thought about what you are investing in.

You wouldn't simply roll offrepparttar street into a real estate agency and purchase a house to rent out without looking at repparttar 116778 area first and seeing if there was a good rental market and similarly you wouldn't invest all your money into shares in just one company before looking into it first.

As any financial advisor and in fact anyone with a little common sense will tell you - you should spreadrepparttar 116779 risk. You do not invest all your money into high risk new venture companies or put it all into property. Similarly, if you want to make a good return you don't just leave it sitting inrepparttar 116780 bank.

Earning a living online or a little extra cash is no different. You must consider allrepparttar 116781 options carefully first and then only invest what you can afford to lose and SPREAD THE RISK.

You should look to put your money in a number of different online companies and investments. No I don't mean join every opportunity going and spread yourself across so many different opportunities that you don't know whether you are coming or going, but you should have a balanced portfolio of opportunities.

First you consider how much time you have to put into a new online venture. If you don't have much spare time look to invest in passive programs that require no recruitment or downline building. And yes there are some of these that work and are stable and will be around forrepparttar 116782 long haul but you must be careful. Even if you are planning to promote another network marketing MLM or affiliate program you should have some form of passive program in your portfolio to build up funds.

Again when investing in passive programs spreadrepparttar 116783 risk. For example I have invested money into 4 passive programs, 2 fairly low risk ones, one I would class as low to medium and a higher risk opportunity for quicker returns. Number one rule - NEVER INVEST more than you can afford to lose, number two - SET YOUR GOALS. If you want to earn an additional $500 a month, then invest enough to do this but ensure you withdrawrepparttar 116784 rest and do not be tempted to invest more for a bigger return. All these programs carry some risk and you should always aim to at least make your capital investment back and then just investrepparttar 116785 profits.

As an example in my portfolio I have a weekly subscription to J3V (http://www.j3v.biz/index2.php?rgawith) and YMMSS (email me at support@computerincome.net for details) in order to build up a good residual income in a couple of years time. These are both stable companies that have proven themselves and have a good track record. I therefore consider these low risk (and this is only my opinion) and I am using these to build up a residual income withoutrepparttar 116786 need to recruit. I have then invested in FundBiZGrowth (http://www.fundbizgrowth.com/SOSRGawith.html) which doubles your money every 6 weeks - I consider this a slightly higher risk program but one in which their could be good returns. Finally I have invested in DollarMonster (http://easychairclub.com/dm/moreinfo.cgi?u=rgawith) - this purely a double your money quickly program and I consider it a fairly high risk as it requires a constant flow of new people to pay out. I am using this program simply to make some quick cash to plough back intorepparttar 116787 other programs.

Web Business Success: From Zero to Profit In Seven Days

Written by David Howlett


The week before I planned to launch my website, I had some products to sell and an ecommerce system in place to takerepparttar orders and processrepparttar 116777 credit card payments, but, unfortunately, like many new websites I had absolutely no visitors onrepparttar 116778 site.

Just one-week later I had visitors onrepparttar 116779 site and have made sufficient sales to give me a good margin of profit over my cost of goods as well as repaying a portion ofrepparttar 116780 web business set-up costs.

So how did I achieve this in such a short space of time? Has it been just luck, good judgement or maybe Iíve just discoveredrepparttar 116781 secrets to setting up a successful small web based business that I can pass on to you.

In truth Iíve just following a few simple common sense rules: keeprepparttar 116782 start-up costs to a minimum, designrepparttar 116783 site so its very easy for people to buy and be prepared to spend some money on promotingrepparttar 116784 site.

Mark Hockings of DesignerMark kindly designed basic template forrepparttar 116785 site at very low cost. Iíve set to and learnt how to use Dreamweaver so Iíve been able to build all ofrepparttar 116786 rest ofrepparttar 116787 site around this template thus saving me at least a thousand pounds on whatrepparttar 116788 cost could have been.

The most difficult thing has been to find a low cost ecommerce system that works effectively in processingrepparttar 116789 sales and offering yourepparttar 116790 support you need inrepparttar 116791 after-sales. Inrepparttar 116792 end I opted for a shopping cart from Malís e-commerce andrepparttar 116793 payment gateway services from 2checkout.com.

Iíve always believed that you need to have full control overrepparttar 116794 buying process to be able to makerepparttar 116795 changes needed to getrepparttar 116796 best possible sales conversion ratio. Malís e-commerce offers simple buy-now button that you can add anywhere onrepparttar 116797 site and link it torepparttar 116798 shopping cart customised to look like you own site. The whole process is so simple.



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