As you guys know by now, I am a bit of a website flipper. I absolutely love buying and then flipping established sites, especially established businesses. I periodically do this when my inventory of sites/businesses gets too low or when I simply need to make some extra cash or passive income (depending on the site or business). Either way, there are pros and cons of buying an established business. In this post, we’ll discuss the pros and cons of doing this.

The Cons

Along with the business, you are also buying the problems it has or the issues it may created both in the present and past. For instance, if the business was embroiled in a problem with employees, you may have some difficulties winning them over or getting them to trust you. There may be suppliers who are unsatisfied with the business terms or payments that you may have to scratch off every supplier and find new ones.

From the point of view of customer relations, it would be great if you could talk to previous and current customers. If not, you should see if there is information on the internet about the business that you may not otherwise gain access to from the seller.

You have to think of buying a business as buying an old house. Everything may look great at first and second glance but once you start working and living in the building, the cracks and leaks will start to show. You need to be prepared to deal with these problems as they are sure to happen.

The Pros

If you’re purchasing a franchise, you are basically starting with a clean slate. However, you are buying the components of a business and all you need to do is implement it.  Either way, this eliminates the need for a period of trial and error or introducing the business and marketing it from nothing at all.

If it is not a franchise, there are still other advantages to buying an established business and this would be a loyal clientele, staffing, SOPs in place, even a business site. In short, you are able to skip a lot of start-up steps in business which is part of what you are paying for. It does help that you get something with a personality and positive profile in the community but there are also benefits to revamping a business that has gone under but still shows a lot of promise.

As you can see, there are pros and cons of buying an established business. Just make sure that you know what they are before you make your purchase. This way you will make the best choice for you!

Ten dollars may not seem like a fortune when it’s broken down into a daily wage but based on 30 days, that would be $300 a month extra which no longer becomes peanuts in anyone’s world. The cool thing is that you can earn this money on the internet and a little work. Plus, the beautiful thing is that you can work once and receive the passive income over a period of time.

With passive income, you simply put in a bit of work in the beginning and then the initial work that you put in, continues to flow for quite some time. For instance, individuals who have written an eBook make passive income when their books sell. Individuals that place ads on their websites and the readers click make money too. Can’t you see the possibilities? Anyway, in this post, we’ll teach you how to get to $10 per day in passive income.

The most important step is to find a niche and decide how you will generate that passive income stream. This chosen niche should be one that actually has desperate buyers or individuals who are suffering from some sort of problem and need help now. For instance, let’s say that you want to focus on the relationship niche. Well the how to get a girl to like you or the come back to me ex niche would be a good one to start. The dating niche might be a bit harder and might not yield as many results. By focusing on those individuals with a really big problem, you can easily get a piece of the pie.

Second, decide what you will sell to generate your monetary goal. Many website owners either focus on a specific product or services. Depending on your niche, you will have to decide. Just keep in mind that whatever you choose should be easy to profit from and not over saturated.

Third, know your options. If you decide you don’t want to focus on creating your own product, you can still generate a passive income by sellling someone else’s product on your site. You will then be paid an affiliate commission for the sale of that product. If you go this route, make sure you choose a product from a reputable person – one that will actually pay you.You may find that it takes a while to find a product that’s not on the radar yet but shows a lot of promise.

Fourth, diversify your passive income methods.  For instance, let’s say that you are a Las Vegas locksmith and you own a locksmith site  Your primary goal is to sell your locksmith services and increase your passive income streams. Well, on your site, you could advertise your services and then sell eBooks on safety and/or locks for passive income. You could also place a few relevant articles with just the right SEO and links back to your site on Web 2.0 properties that also generate passive income. For instance, Hubpages or Squidoo are perfect for this. Either way, in no time, you’ll earn  more than $300 a month or $10 a day.

In conclusion, getting to $10 per day in passive income isn’t hard but it does take a bit of effort. By following the above tips, you will soon have $10, $100 and even $1000 days in passive income. Good luck!

Every now and then, there comes a time when your productivity goes out the window. You have big plans but they simply never manifest. Could be you are suffering through a bit of burnout or it could be that you simply need to kick your productivity up a notch. In this article, we’ll discuss some proven techniques to improve your productivity so that you can start producing. Let’s get started.

Try the Pomodoro Technique

One of my favorite productivity increasing techniques is the Pomodoro technique. With this productivity enhancing technique, you set your timer for 25 minutes and work specifically on one thing for those 25 minutes. If you finish before the 25 minutes is up, you can work on something else. If you don’t finish within the 25 minutes, you can use the next Pomodoro to finish it up.  To me, this is a tremendous way to increase your productivity.

Do Something Fun

Another method to increase your productivity is to do something fun.  Sometimes, a break is all you need to get up to speed with the work you need to produce. The breaks can be reading a chapter in a book, an article on the internet, or checking out new gadgets to give you a new reason to work. Just make sure to keep your break short and sweet.

Check Out the Competition

Take some time to check out the competition. Spy on them and see what they’re doing. By realizing how much time you’re wasting being idle and how much they are accomplishing, you might actually inspire yourself to get with the program and get busy..Plus, your spying might actually cause you to see something new or spark a bit of creativity.

Isolate Yourself

If there are too many distractions, your output is never going to be at an optimal level. This in fact could cause a bit of resentment within you because of the interrupted time. Therefore, find your own personal space and let others know that once you enter this zone, it’s time to stay away so that you can get busy.

Get Help

We all need some assistance at one point and if you are productive but lack time, you need to get an assistant to work some of the more mundane details. This way, you can stay focused on moving forward in your career and business without having to spend so much time on the minor details. A productivity coach is great for helping you crank up the productivity a notch or two!

Go on a Vacation

Recharge your energy by taking at least one day off a week. No one can sustain working 7 days a week and not start to suffer in productivity. The mind will slow down and your body will start to move like quicksand. If you take a day off to rest and relax, you will find yourself feeling energy boost good enough to last you until mid-week. As for the remaining week, your energy boost will come from knowing you’ll soon have time off.

Are you looking for 5 legitimate ways to make cash fast?  Are you willing to put forth a little bit of time and energy to make it happen? Well, I can certainly help. I’ve been where you are now and I know that making cash fast can certainly be done. In this post, I’ll tell you my favorite ways to make cash fast. Alright – let’s begin.

De-clutter

This is the quickest way to make big bucks but you will have to spend more than just a few hours on this project. A good estimate of the amount of time you need to set aside would be a weekend.  Bring out several large boxes and label them: Recyclables, Yard Sale, Keepers, Donations, Freebies.

To de-clutter means to have more items in boxes 1, 2, 3, and 4. The box labeled Keepers should never be higher than midway through the box.

Then, start selling! Contact recycling companies, your church, neighbors, other parents from school, and all your friends and family. You can even trade in your old electronics and  goods at places like Best Buy, Amazon.com and even Gamestop. Many of these places will give you cash on the spot for your valuables.

Sell on eBay

Another option is to take your valuables and sell them on eBay. I typically wait for days when the listings are free but if you have a high priced items that you need to move quickly then the fee will definitely be covered with the profits.   Plus, ebay’s high traffic and low overhead make it a valuable choice. One side note, iff you are selling on eBay, don’t be afraid to sell in bulk.

Be a Freelancer

Start selling your skills as an online freelancer. Sites like Elance and ODesk make it easy to get clients. You may even be able to  get paid daily and build your clientele too. For instance, let’s say that you are a SEO specialist and you want to teach your clients how to SEO or simply complete the SEO work for them – well, you could advertise your services on a freelance site or search out your own clients. Either way, you can make a tidy profit in just a month, even less.  With those freelance sites, you have to be willing to start low and work hard (while exceeding client expectations). But, once the word gets out that you are reliable, knowledgeable, and a great value – the offers will be coming to you, and not just you applying for contacts.

Sell Your Story

Everyone has a story to tell and unique from everyone else’s. If you know how to write or you know someone who can write for you (cheap!), hire him. It’s easier to get noticed if your writing style is good. No one will want to read anything that will make them dizzy from the effort.

Rent Something You Own

Do you have a car, house, or cottage? You could even rent parking space and commute instead.  Just make sure you are within the boundaries of the law.

It’s easy to make quick cash – all you need is a little imagination, some dedication, and willingness to work for it.

This morning I was checking out some sites that I was interested in flipping and noticed that Yandalo, a free online website evaluation site, not only lists the value of a site but also lists a site’s bounce rates. Just for kicks, I inputted the URLs for a few of my niche sites and was amazed that my bounce rates ranged from 10% all the way to 65%. Now, before you say, “Who cares?” You should keep in mind that bounce rates are important when you’re trying to market a product or service.

A bounce rate is the number of times a person has visited your site and clicked off without visiting any other pages, or when they’ve only stayed for a second or two. So, this leaves me with the question, why are some bounce rates better than others? It is because some of my sites are better than others. The ones with the better content and more aesthetically pleasing designs have the lower bounce rates whereas the crappier looking sites do not.

After evaluating my non-bouncy sites, here are some things you can do to lower your site’s bounce rates, and increase your chances of making more moola.

Improve Your Content – It’s important that you have excellent quality content on your website. If you have content that doesn’t read well, or is filled with grammar and spelling mistakes, people aren’t going to trust you. .If you can’t write the content yourself, you can easily hire a marketing writer for a small amount of money.

Have a Professional Looking Site – It’s also important that your website looks professional. Shoddy images or graphics can make your site look like a scam, and people will be less willing to trust your products. You can build professional-looking websites easily with website builders, or you can have it designed by a professional. For instance, Tom,  one of our readers and a very successful real estate professional in Lake Tahoe, recently redesigned his North Lake Tahoe real estate site. Although it was nice before, now it is really phenomenal and includes a professional layout and perks like featured listings and also a property search function. This alone has significantly decreased his bounce rate.

Deliver Solutions - Make sure that your site plainly offers a solution for whatever your target market is suffering with. People buy products for a solution to their problems, and if you offer this plainly on your landing pages, you’re less likely to have higher bounce rates. For instance, one of our readers who owns a printing site noticed that his content wasn’t sticky so he created relevant content, like the Benefits of Booklet Printing and explained how booklet printing can be an incredible marketing technique. Soon thereafter, his site became more sticky and his booklet printing services increased as well. This was simply from delivering great solutions

In conclusion, you can lower your site’s bounce rate by improving your content, having a professional site and delivering great solutions. By doing this, you will improve your reader’s experience and lower your site’s bounce rate.