Dispelling 5 Common Make Money Online Myths
Scams, spam and fraud – we hear these words everywhere these days. While there are many cynics who will yell scam or fraud from the rooftops for any kind of online money-making opportunity, there are many genuine opportunities out there so there’s no reason to let doubt get in your way when deciding the online business path you should take.There are many legitimate ways to make your money online – a lot of people have successfully done so and continue to do so today. So taking a moment to do some basic research before you part with any money will usually allow you to spot the “too good to be true” situations that are invariably the basis of a scam.The more informed you are about internet scams and hype, the more confident you will be when deciding on an online business. So let’s bust some of those making money online myths!Here are some of the more popular statements made by most of the internet frauds and the truth behind them:Myth #1 – “Make money overnight!”These scams promise you a way of making money while you sleep. They make it sound like there is very little work involved to obtain this.Truth – While it’s certainly possible to achieve, it will take hard work and dedication to be able to make this claim. Most online businesses will take some time to get up and running, but if you get it right it will be worth your effort in the end. Often in an online business it will be the case of “do the work once – get paid again and again” which is a desirable and achievable goal!Myth #2 – “Turn your PC into a money making cash machine!”Actually, there are a lot of statements that start off with this kind of sales pitch.Truth – The statement itself could be true and in fact that is the hypothetical goal of any online business, but do be careful of a sales pitch that starts off this way. Most genuine business opportunities sell the business as well as the benefits. Scammers tend to gloss up the money making benefits with no mention of what the business is. Their pitch is basically along the lines of “give me your money and you’ll make lots of money” without expanding on any of the details.Myth #3 – “Start your business absolutely free – No money involved!”They push the fact that you will get a business from them with absolutely no money in start -up fees.Truth – This type of scam will scream the “no money involved” statement, but then the scammers will turn around and ask you to pay them in order to setup this free business. Hmm… a slight contradiction! Of course there are always some costs to start up an online business: PC, printer, software, training materials, etc. but the great thing about an internet business is that the investment is significantly lower than a traditional “bricks and mortar” business.Try not to confuse this scam with those genuine opportunities that offer to show you how to setup or run a particular type of business. Proper education / good training material is worth paying for as it generally helps you navigate unknown territory quicker and/or without making expensive mistakes that you could otherwise make without it.Myth #4 – “Drive Thousands of Visitors to Your Site With This Cheap Traffic Loophole”Firstly even if it was possible, imagine you have a physical bricks and mortar business, would you really want a mob of completely uninterested visitors trampling through your premises because they been bussed there, possibly under false pretences – the same is true for an online business – they will do nothing for your business but cost you money.Truth – Yes, there are places to get cheap traffic but these will be completely unqualified prospects for your business. Generally no matter how cheap the traffic, if there was actually no interest in what you have to offer then what’s the point in paying to have them visit.More importantly with regard to loopholes – be under no illusions. If it indeed did exist, by the time you are finding out about it, the loophole will have already exploited and closed. Those selling you the “secret” do so knowing that full well!Myth #5 – “Start Earning a Living from xxxxxx at Home”This statement is similar to those little cards stuck to lampposts claiming that you can start a business from home with your typing or in some cases, data entry skills.Truth – Yes, you can earn money typing or performing data entry or some other service from home, but not with those guys that are pushing for you to sign up with them. If you are going to go down that road you’d be better off offering these services to customers yourself and avoid paying the scammers for the information on how to do it.You can find out how to do it with your own research for FREE! However your earning potential is still limited with this type of opportunity to the amount of time you can spend doing it and really with the right online business, such as an information publishing business, you should be able to move away from model.There are many more myths and scams out there, but these will give you some ideas on how the fraudsters work and who they like to prey upon. Be aware of your options and don’t be afraid to research any opportunity you don’t feel comfortable with.And remember… “if it’s too good to be true then it probably is!”
Car Wash Loans – What Is The Best Type Of Car Wash To Buy Or Build?
If you are looking to buy or build a standalone car wash, here are some things to consider. First of all, 65% of all car wash facilities are at gas stations and convenience stores. Approximately 25% of all petroleum sites have one and most oil companies now will not build a new store without a car wash. The majority of them are the rollover type washes that you either receive a free wash or a reduced price wash after a fill up of your fuel.When referring to building or buying or refinancing a car wash, for all intents and purposes, we are referring to tunnel washes, whether they are full service or exterior tunnel washes. There are approximately 20,000 tunnel washes in the country. The obvious difference would be the average labor costs at an exterior car wash compared to a full service facility. The average “full service” car wash has 14 employees as opposed to an exterior car wash that averages four employees. The full service usually enjoys higher revenues and obvious higher labor costs. At the full service tunnel washes, you can also have auto detailing that usually has very good profit margins. The average tunnel wash costs $2,000,000 to build (excluding land costs) so you need to be generating good revenues to service the debt on this.Many of the “rollover” or “In-bay Automatic” auto washes are at gas stations and convenience stores, although you do see isolated standalone rollover car washes. More In-Bay/Rollover car washes exist than tunnel wash and self-serve washes combinedMany of the tunnel washes are being done SBA 504 and SBA 7(a). The reasons for this are obvious. SBA usually offers a higher advance and frequently will finance working capital and inventory that offset the lower origination and lower rate of conventional financing. It is hard to argue with the fixed rates available with a SBA 504 loan. If you add soft costs to your project it makes it difficult to beat.From a financing point of view, many of the same criteria apply to financing (existing or ground-up construction) of a auto wash facility. If you are well capitalized and have sufficient equity into the transaction, have industry experience, have acceptable credit and the site cash flows or the potential site has a market there, your chances are good that you will obtain financing. As with all loans, PACKAGING IS HALF THE BATTLE. A good business plan with realistic projections and accurate assumptions will go a long way. Underwriters do not like to have to figure things out. They like to have it laid out in a well thought out presentation. The fewer questions an underwriter has, the more likely your deal will be approved.
Should You Use a Web Based Project Management Software?
Web based project management software can help you manage your projects easily. This is a great partner for your business. But, perhaps you’re thinking or wondering if you should use it. If you are still on the fence, here are some things you need to know about web based project management software.Managing a business is not easy. You need diligent workers, teams or employees so that you will succeed in any project you are going to handle. But even if you have so many diligent workers, they are humans who get tired and become the reason why they cannot think and work well. They don’t realize that they are making mistakes, and they may not be able to monitor your project accurately. With a software, you can set it to send you and your team reminders when things are due. That way, you can manage your time easily.A web based software is program created for business to make management easy. Using the internet, you can keep your tasks in line, rather than relying on one piece of software all the time. This means you can also check up on your project with just an internet connection and a computer or even mobile device. This can be really convenient, especially if you travel a lot or you have many different team members in many locations. Indeed, having the ability to manage your projects online from remote locations can make you more productive and ensure you’re using your time wisely. Imagine being able to communicate with your team members while on your daily commute or while waiting to board at the airport. So, if you like being mobile and being to work anywhere, a web based project management software is for you.This program helps you in organizing, analyzing, planning, scheduling and designation of tasks online. You can use this program as project planner, so that you cannot forget any transaction. You can also monitor your team and designate those tasks. You can see their performance in this program and if your projects obtain progress. As long as you have web based project software you can easily share videos, images and documents with your team. There are web based project management software found online some are really useful but some are not, don’t forget to check the site if it is legitimate. So, if you enjoy the ease and convenience of web based apps and a project management software, you may want to look into web based project management software.