Amassing Wealth

Readers Digest

Rich — Fri, 09 Apr 2010 21:27:06 +0000

Who would ever thought readers digest will be at at the brink of going into administration but then again this is 2010 anything is possible. In the age where virtually no business is safe readers digest has been in trouble we have all sat at the dentist`s office waiting for the dreaded appointment and reading the stories in this magazine but in this day and age where celebrity gossip is in high demand it has just become a little irrelevant. But fingers crossed they will fight back and keep producing some god quality work although their stories might not have the scandalous intrigue the celebrity magazines have they definitely make up for it in well written grammatically correct language which would be healthy reading for a number of today’s` youth.
The question I can help but ask is there room for a magazine like readers digest in the market or are they a relic from the past and should they change or should they just do what they were good at doing better. I think the answer is somewhere in the middle .They should adjust their material to adapt to today’s market but they should concentrate on quality and sell themselves not as another celebrity magazine but a well written magazine for the more descending.

Cheaper calls are coming

Rich — Fri, 02 Apr 2010 20:46:58 +0000

Mobile phone operators have over the last couple of years been under pressure to change the way the operate and the regulators seem to be getting tougher and tougher on them. The time it takes to move provider is going to be reduced to one working day and the rates mobile operator charge each other will go down making calls cheaper for everyone. This is in the wake of European roaming charges being slashed not so long ago.

I hope energy companies are next as they have seen bumper profits at the back of low energy prices in the wholesale market and very high consumer bills it doesn’t take a genius to figure out they are going to be recording some bumper profits but that is going to be short lived.
As you would expect the big mobile firms that were benefiting from the status quo were out in full force complaining about it. Seriously are these companies on the same planet as the rest of us.

Profit is sanity and turnover is vanity

Rich — Fri, 02 Apr 2010 20:30:11 +0000

In business it is important to keep an eye at the bottom line at all times. If you don’t keep watch how much profit you are making and concentrate on turnover they you are set for a rude awakening at some point in the future. Increasing the profit margin as well as increasing the amount of business one is doing is a sure recipe for success.
Planning is the corner stone of all good businesses winging it just doesn’t do it. When people talk of planning a lot of people feel that that is time that could be better spent elsewhere but as the old saying goes you fail to plan you plan to fail. In planning it is vital to setup proper business structures with good accounting and record keeping. Poor record keeping is the reason why some business people will fail to realise that they are making a loss. Get the basics right and the rest will fall inline.

Online advertising continues to grow.

Rich — Fri, 02 Apr 2010 09:57:45 +0000

Online business has continued to grow and with that growth competition has never been more fierce. The investment in online advertising grew by 4.2 % last year according to internet advertising bureau and price waterhouse coopers, online advertising unlike most other advertising mediums is very metric based, it is fairly easy to measure how a campaign is going unlike other more open cast ways of advertising . When people are online they leave a lot of information which advertisers can capture and help aid in advertising and hence set to increase in revenue. The other reason why online advertising has continued to grow when other advertising mediums are struggle partly is the advertising models online allow for smaller businesses to advertise. Take print medium small businesses find the cost of an advertising campaign on a broad sheet pretty much prohibitive unlike online where they can have minimal input for maximum exposure.

Ideas to make money in 2010

Rich — Mon, 29 Mar 2010 08:39:39 +0000

When the going gets tough the tough get going so what ideas are going to make money in 2010? Starting your own business is where the money is but since bank lending is very hard to get lately online businesses are probably a better bet as they require fairly low capital. So what ideas to setup a website can I suggest?
Consult- if you are knowledgeable one field then use that knowledge to make money.
Blogging – yes blogging has been around for donkeys and many struggle to make money from it but it’s something that will definitely make you money, here is how? You need to be able to write good quality well researched articles and you will find that after you get a good following you will be able to sell advertising. You can also consolidate your blog posts into a book that you can publish.
Virtual assistant – a number of business require someone to answer phones and help with basic office admin. Your best strategy is to target local free lancers, plumbers, builders etc
Sales - a number of businesses allow commission only sales hence be able to sell through telesales , requires you to be able to sell but this can be lucrative if you choose the products well and you get the sales

bank bonus

Rich — Sat, 27 Mar 2010 05:08:41 +0000

Now 2010 has been an interesting year for bank bonuses. Most executives have been shamed into either giving them up or rather take them and risk a pr disaster. I suppose when they were negotiated they were done in private and bosses could take whatever they could get away with bust fast forward to todays ` climate and they are under so much scrutiny.
I think bankers are being singled out for too much, yes they were bailed out but they are most likely going to pay that money back and so much more. If people are going to look at pay look at the various heads of government agencies forming left right and centre with various initials all with hefty salaries and don’t really do anything well no one seems to pay attentions classic redirection if you ask me but hey who am I to complain – if you can’t eat t hem join them