Starting Or Getting Your Business Online

Right now is a great time to launch your own online business, as this ever-expanding and constantly evolving new frontier has made it easier than ever to get your products and services noticed by an enormous prospective client pool. Having the correct information before setting out to start your internet business is essential, as it will help you to abide by your local business laws, target the correct niche market and make a great first impression on prospective customers. Great information sites can help you to avoid some of the common pitfalls involved with starting your own online business and put you on the path toward a successful business venture.

Why Start Now

o Lower Start-Up Costs – Our current economic slump has made it difficult and risky to secure the business loans, real estate and equipment necessary to start your business at a storefront location. The internet provides a low-cost alternative to the traditional business start up, allowing you to cut most of the overhead costs from your small business launch and focus your funds on more important aspects of your new business endeavor.

o More Job Security – Many professionals are finding themselves and their co-workers laid off from positions they have held for years. In this instable job market, starting your own online business can provide you with a source of income that is not dependent on a changing traditional job market.

o New Markets – Prospective customers from many formerly untapped markets are browsing the internet every single day. This means that new internet business launches have the potential to reach a wide range of customers from day one. There is much money to be made from internet sales and right now is the perfect time to jump into the online market with both feet.

The Basics:

A few key ingredients are essential when it comes to starting your own online business. If you fail to consider any of these core elements, you may very well come to regret it in a very short period.

Quick List:

o Business Plan
o Business License
o Website
o Relevant Regulations/Restrictions

The bible says that without vision, the people perish. This is certainly true as it relates to starting your own online business. One of the first things you will need to do when getting your internet business off the ground is sit down and write out a thorough business plan.

Things You Need to Include in Your Business Plan:

1. Which niche market you plan on targeting.
2. What you intend to sell.
3. How you intend to go about selling it.
4. How you intend to finance your venture.
5. A clear mission statement (company goal/vision in a nutshell).

Once you have a clear plan for your business, you may want to look into whether or not you will need a business license to proceed. The business licensing requirements vary from state to state, so be sure that you check out your local business license office to make sure that you need one to sell your goods or services. If you are selling items on established sites such as eBay, you will not typically need to acquire a business license. However, if you are selling goods or services via your own website, many states require that you be fully licensed to do so.

If you decide to sell on your own business website, you will need to invest time and money into making it attractive enough to draw and hook prospective clients. In addition to making it aesthetically pleasing, you will need to optimize your website for internet search engines, using Search Engine Optimization techniques, such as:

o Key Word Saturation
o Backlinks
o Bold and Italic text

When you are building your company website, you can spend the time researching and implementing various SEO techniques or you can hire a specialized SEO company to handle the job for you. Be aware that not all SEO companies are equal; make sure to check with the Better Business Bureau (BBB) or other watchdog organizations to make sure that your prospective SEO company will provide you with an honest and effective service for a fair price.

Make sure to check into any specific rules or regulations that may apply to your new internet business via helpful information sites. For instance, the law requires that you protect the privacy of your online clients by keeping the data they share with you (i.e. bank account information) by properly encrypting and storing it against online predators. In addition, you will need to know how much sales tax to add to each sale and you should learn how to copyright your company information so that it is not stolen or copied elsewhere on the web.

Local Internet Business Perks

When you launch a new business online, your marketing potential is quite literally limitless. You can reach individuals all around the globe with your company message, goods and services. However, there are also some local advantages to launching your business online.

One such advantage comes to online business owners in the form of a Google maps business directory. Google Maps has a feature on their maps/directions application that allows web browsers to find local businesses near any address or landmark entered into the search field. This means that when you list your business using Google Maps, you have the potential of being found by a huge number of locals.

Being found by locals equals:

o More prospective customers
o Higher customer loyalty potential
o Grassroots (sustainable) growth

Many other major search engines (i.e. Yahoo) host local business directories and you would be wise to list with as many local directories as possible in order to boost your number of prospective clients by a significant sum.

With the traditional job market reeling and the internet frontier expanding daily, many discerning men and women are looking for ways to launch their own internet business. Taking time to thoroughly research and plan your course of action via information sources can spare you the negative consequences of falling into one of the many pitfalls that new internet business owners are prone to fall into during the course of their journey to having an established and prosperous online business.

What Are the Best Hours to Trade Forex?

You probably already know that Forex can be traded 24 hours a day 5 days a week, but when is the best time to trade?

Forex is a highly dynamic market with many price movements every minute, this characteristic of Forex allows traders to enter the market several times a day and hopefully pull some profit from most of the trades. In order to find the most amount of profitable trades it is wise to enter at the best time, or when the volume of transactions is the highest.

The main timing characteristics of the Forex market are as follows:

Forex is a 24 hour market. It starts on Sunday at 5 PM EST through Friday 4 PM EST. Forex trading first begins in New Zealand, then Australia, Asia, the Middle East, Europe, and finally America. USA and the UK account for more than 50% of the market trades. The major Forex markets are: London, New York, Tokyo. Almost two-thirds of the NY activity occurs in the morning hours while the European markets are open. Forex trading is heaviest when the major markets overlap. From these facts it is easy to see that at any given time, someone somewhere is buying and selling currencies. As one market closes, another market will be opening.

During each day, the total Forex volume is determined by the number of markets that are currently open and the times that they overlap each other.

Forex volume will generally stay high all day, but it is especially high when the Asian market (including AU & NZ), the European market, and the USA market are open at the same time. These are the hours that you should target to find the most amount of profitable trades.

Here is the schedule of OPEN markets:

London Market: 2 AM – 12 PM EST.
Great Britain Market: 3 AM – 11 AM EST.
New York Market: 8 AM – 4 PM EST.
Tokyo Market: 8 PM – 4 AM EST.
Australia Market: 7 PM – 3 AM EST.

If you looked closely at the above schedule you will see that there are two times when two of the major markets overlap during trading hours: between 2 AM and 4 AM EST (Asian/European) and between 8 AM and 12 PM EST (European/American).

So, there you have it. If you want to find the greatest number of profitable trades, focus on the hours when the markets tend to do their biggest moves.

Stock Markets News of Europe, Asia, America, Forex and Bond Markets

European equities were cloudy yet for another time. Mining stocks were among the biggest fallers yesterday and this took the equities like the FTSE, CAC and DAX to end up the day on a dull note. In addition to that, investors were worried about the strength of the economic recovery and a decline in US factory orders also added to those worries. FTSE, DAX & CAC were down between 0.7 and 1.2 percent respectively.

US equities at Wall Street ended up on a low note and the reason behind that is of commodity stocks. Adding to the woes, investors took profits on recent gains, using adequate economic data and worries about euro zone debt acted as a catalyst for shedding long positions. Technology Tycoon Microsoft Corp influenced both the Dow and Nasdaq in a negative shade. The Dow Jones Industrial Average fell 78.41 points at 10,751.27. The Standard & Poor’s 500Index lost 9.21 points at 1,137.03. The Nasdaq Composite Index dropped 26.23 points at 2,344.52.

Japanese Markets were seen closing on a gloomy note taking its nod from the currency markets ahead of a Bank of Japan policy decision the next day with the market expecting further easing, albeit a minor move. The Nikkei ran out of steam in the afternoon as the US currency erased early gains, limiting active follow-through moves in the stock market.The Japanese Nikkei were at 23.17 points to 9,381.06.

The euro saw an unexciting day against the US dollar as renewed concerns about the financial viability of euro zone banks made investors cut overly bullish bets on the single currency. Bad news from the euro zone including those from Ireland and Greece also pressured the euro. Against the yen, the dollar soared low, fueling speculation that Japan might re-enter the market to weaken its currency.The euro was down 0.8 percent at $1.3686. Against the Japanese yen, the dollar traded at 83.38 yen.

The oil market was seen quite fluctuating,supported by a strike at France’s top oil port and disruptions to Houston petrochemical shipping, while a dollar bounce and Wall Street weakness kept gains in check.A barrel of crude oil for October delivery settled up 10 cents to $81.68. Gold paused its positive rally but renewed financial worries in some euro zone countries provided underlying support.Gold prices for December delivery settled down $1 at $1,316.80.

US Bond treasury market ended up the day on a good note when Federal Reserve Chairman Ben S Bernanke comments increased speculation that the central bank is preparing to boost purchases of US government debt.Ten-year yields are at 2.43%.

German government bonds opened with a little change and closed on the same note.

Ten-year German bonds were at 2.28%

Forex Markets Overview

Forex, which is short for Foreign Exchange ordinarily points to the Forex Market where currencies are bought in addition to sold. 1.2 trillion pounds are traded every single day in the foreign exchange market, making it the biggest market in the world by way of cash amount of trades as a measurement tool.

The New York Stock Exchange on the other hand, merely trades a cash amount of about 27 billion British pounds each day. Which makes the NYSE look very tiny in comparison.

The two markets differ in size to a great extent. Through the years, more as well as more persons are turning their attention to the forex market. This is because the forex market is so easily reached by any person with a broadband connection as well as a computer. have begun to capitalize on this by educating attracted people for free through their a range of seminars along with online courses.

This is done to persuade the client that they are the perfect company to conduct with. Unfortunately, a large amount of these free seminars touch very lightly on the significant information and instead concentrate on the possible earnings one can make with forex trading.

The forex markets are available on all hours of the day enabling traders to buy as well as sell currency pairs as they see fit. No one market encompasses the foreign exchange. Several large along with smaller markets from a variety of financial centers around the globe link up together to form the market. Important global financial centers get the majority of the traffic. These financial centers consist Tokyo, London, Zurich in addition to New York.

The vital requirements of major financial centers are political stability, a strong base of professional talent plus readily accessible capital. There are many products intended to trade the financial instruments on the markets. The three primary products used by traders are forex futures, options along with spot forex trading.

The most popular product among online forex traders is undeniably spot forex. The forex markets end the day in New York (North America) while starting life in Asia. This happens 5 days out of the week, barring major holidays. The weekends are when traders rest as they are not allowed to trade during those days. Online currency brokers will typically offer a especially high leverage on even the smallest trading accounts. As such, traders can trade in volumes far surpassing their accounts funds. If the leverage is abused by beginners, this commonly means a balance of zero soon enough.

Selling Your Life Insurance (Viaticals and Life Settlements)

Selling your life insurance is an option you might consider if you’re in a difficult financial situation for which you don’t see a close end. A terminal illness or old age could cause you to think twice about paying those hefty premiums at this stage of your life. Selling your life insurance carries with it complex implications and substantial risks, so it is important that you educate yourself regarding the big picture. If you’re interested in selling your life insurance, this is a good starting point to obtain some basic information.

Basics: Vocabulary

If you’ve already done any research on selling your life insurance, chances are good that you’ve come across two main terms: viaticals and life settlements. Both refer to the selling of your life insurance to a third party. So what’s the difference? “Viatical” is typically used to refer to the transaction involving a chronically or terminally ill insured, while a “life settlement” is a transaction involving a senior (generally over the age of 65) who is not terminally ill.

Even though you now know the difference, it does not mean that your state does. These terms might be used interchangeably, or your state might use one of them to refer to both transactions. For example, your state could use “Viatical Settlement” to refer to any type of transaction regarding selling your insurance. Be aware that this kind of ambiguity may exist in relation to the vocabulary used in the sale of your life insurance.

How it Works

The owner of the life insurance policy will sell it for a percentage of the death benefit a lump sum to a third party and, in exchange, receives an often substantial lump sum payment. The third party then becomes the new owner and/or beneficiary of the policy and pays all of the future premiums and eventually collects the death benefit when the insured passes away.

Those considering selling their life insurance may either directly approach a viatical company or settlement firm, or they may choose to work with a broker. The broker will act as an intermediary and present the information to several different companies/firms in an effort to find the highest price for the sale.

The settlement firms buy the insurance on behalf of investors. In this situation, the investors become the owners and beneficiaries, and the settlement firm pays the premium until the insured dies. The firm then collects the death benefit and either pays its investors a percentage of the annual return or repackages the policy for sale to another party.

Take comfort in know that the process of selling one’s life insurance is typically very confidential. Most viatical companies and settlement firms understand the discretion necessary to make the process run smoothly and easily. However, a company may act disrespectfully and become borderline intrusive by trying to keep track of the insured’s condition. For this reason, it is important to work with a respectful, experienced organization.

Who Considers Selling

Those with serious, life-threatening illnesses are most likely to consider selling their life insurance to provide cash for various expenses, such as mounting medical bills. For those who are not terminally ill, selling the life insurance might be a good idea for a number of reasons. If the owner’s beneficiary has died or if the owner can’t afford to keep paying the premiums, it would appear that they no longer have sufficient use for the life insurance. Seniors around retirement age may also consider selling their life insurance, even if they are free of debt, in order to receive a lump sum of money with which they may do whatever they please.

Keep in mind that different companies may have different eligibility requirements to be able to sell your life insurance policy.

Advantages to Selling Your Life Insurance

It might be easy to see some of these benefits, but others are a little less obvious.

  • You’ll receive a lump sum cash payment right now. As mentioned above, this is especially useful to the terminally ill who have mounting medical bills.
  • You will receive more by selling your life insurance than you would if you simply surrendered it to the insurance company. It is possible for an insured person who is 65 or older or who is terminally ill to sell a policy with little or no cash value for a $100,000.00 or much more.
  • You won’t have to pay any more insurance premiums. If your financial situation is becoming strained with no end in sight, eliminating premiums is a way to alleviate the burden.
  • You don’t have to repay the money, like you do when you borrow against your insurance policy.
  • Even though your life insurance benefits won’t be available once you die, you can still leave money to a certain person or organization – it will just come from the money that is leftover after using the funds from selling your policy. So, selling your life insurance does not

    mean that you’re definitely robbing your beneficiaries of their gift.

  • In some cases, the money you receive is tax-free.
  • There are no regulations or restrictions on how you make use of the money you receive. You may spend as much of it or as little of it as you wish, however you please.
  • Risks of Selling Your Life Insurance

    Understanding the risks associated with selling your life insurance will help you make an informed decision. Be sure to consult a financial advisor or tax attorney to make sure you understand the implications of the sale.

  • You might lose your eligibility for some public assistance benefits, especially those based on your income and assets (such as food stamps, welfare, Medicaid and some Social Security benefits).
  • There could be tax issues. Selling the policy will

    result in a tax bill if the settlement amount exceeds your cost basis.

  • With improved medical care, the ill person may live longer than expected.
  • You might face unhappy heirs. This might not be a problem for you, but it could lead to a long road of (possibly legal) complications and battles. Some settlement actually companies require the beneficiaries to also sign off on any sale, which could be good or bad, depending on whether or not you’re dealing with a cooperative beneficiary.
  • Other Options

    If you come to the conclusion that selling your life insurance policy is not for you, there are other options (though none that would provide you with such a large lump sum). An insurance agent should be able to help give you more information on some of these ideas.

  • Borrow against your insurance policy
  • Cash out the policy if it has surrender value
  • Look into accelerated benefits or living benefits
  • Borrow money (from family or friends perhaps) and use the life insurance policy as collateral
  • If you believe that selling your life insurance policy is the right decision for you, make sure you deal with a dependable, experienced broker or settlement company to ensure that you get the best service and results from your transaction.