hanmanth 15

Is Cold Calling Dead?

And if laws are being passed to put it to rest once and for all, how do we generate business from now on?

Opinions on the subject vary greatly depending on the background of the individual. For example, most of the old-timers are vigilant in preaching their belief that the only possible way to succeed in the world of selling is to make no less than fifty calls each and every day. On the other hand, younger salespeople tend to become frustrated with this rather quickly and begin looking for more innovative ways to generate business.

I was just reminded of how ingrained this cold calling belief is. I spoke with a friend who left a sales position with a major merchant processing bank only a few weeks after starting. The reason? He was required to make a minimum of 400 cold calls each and every week and to document his activity with business cards. He is highly experienced and knows how to generate business without knocking on 400 doors per week and decided to discuss the strategies that have worked for him in the past with his managers. Their response? This is how we've done it for forty years and we're not about to change.

That response, in my opinion, is the reason we're seeing record business bankruptcies today. The world and our economy have changed and are breaking into bold, unchartered territory. But the management of most business organizations insists on doing things the old way, even though the old way produces less and less results as time goes on.

The concept of "Permission Marketing" is slowly but surely gaining popularity as the old idea of "Interruption Marketing" becomes less efficient and more wasteful. There are several reasons why cold calling in particular has become less effective as we move further into the Information Age. It destroys your status as a business equal. It forces you to spend time with unqualified prospects while the qualified ones are buying from your competition. It annoys people and is increasingly considered to be rude and disrespectful. Moreover, it may now be illegal (and in several states it's been illegal for quite some time). But, most importantly, it destroys sales peoples attitudes.

Where is the good news in all of this? Well, the great news is that if you begin using new, innovative, "Information Age" methods for prospecting, you'll be miles ahead of your competitors who are wasting their time annoying people with cold calls. In this age of the Internet and vast communication networks, why on earth would anyone knock on doors or make cold phone calls to look for business?

Think of the power at your fingertips: there are literally dozens of ways to use the Web and e-mail to let the idea of Permission Marketing do its magic. Allow customers to raise their hands and let you know they're interested. Begin finding, implementing and reaping the benefits of this bold, new Information Age we are in. Your competitors will be the ones standing in bankruptcy court and explaining their "do-not-call" violations to the government while you are happily taking orders.

Advertisement

hanmanth 14

MLM Success Training: Why Some People Become Wealthy in Network Marketing and Others Don’t.

Regardless of whether you watch the Oprah Winfrey show or not, the story of her success is fascinating. You can't say where she is today is the result of any special advantages she had growing up.

In fact, she came from a broken family and she was abused as a child. She's also African-American and a woman, so discrimination was likely a factor that counted against her somewhere along the way.

So why is she now worth a billion dollars while many Harvard-educated, white males who grew up with every advantage only make a comfortable living?

Ever wonder why success seems to come easily for some people while others struggle at everything they do? What makes the difference?

Success in Multi-Level Marketing (MLM), Network Marketing, or anything else in life is predictable and can be duplicated by following time-tested principles that all millionaires use.

In fact, if you don't receive training in these principles of wealth, you can NEVER have it in your life. At least not for long. If you do somehow become wealthy in MLM without learning these principles, you won't keep it.

Want proof? Just look at people who have won the lottery:

- William "Bud" Post won $16.2 million in the Pennsylvania lottery in 1988. Now he lives on his Social Security and food stamps which amounts to $450 a month.

- Ken Proxmire was a machinist when he won $1 million in the Michigan lottery. He moved to California and went into the car business with his brothers and he filed for bankruptcy within five years.

- Suzanne Mullins won $4.2 million in the Virginia lottery in 1993. Today she's deeply in debt to a company that loaned her money using the winnings as collateral.

- "Winning the lottery isn't always what it's cracked up to be," says Evelyn Adams. She won the New Jersey lottery not just once, but twice (1985, 1986), in an amount of $5.4 million. Today she lives in a trailer and all the money is gone.

- Janite Lee from Missouri won $18 million in 1993. She generously gave her money to a variety of causes including politics, education and the community. According to published reports, eight years after winning, Lee had filed for bankruptcy with only $700 left in two bank accounts and no cash on hand.

- Willie Hurt of Lansing, Mich., won $3.1 million in 1989 and two years later he was broke and charged with murder. His lawyer says he spent his fortune on a divorce and cocaine.

- Charles Riddle of Belleville, Mich., won $1 million in 1975. Later he got divorced, faced several lawsuits and was indicted for selling cocaine.

People have a "financial thermostat" and just like the thermostat that controls the heating or cooling in your house, your thermostat is currently set for the amount of money you have.

If you somehow receive more money from your MLM business than your financial thermostat is set for, like the lottery winners above, you'll waste it away until you are back to your set level.

If you want more money from your Network Marketing business, or you want to keep the money you are receiving, you have to raise your financial thermostat. It's that simple.

How do you raise your thermostat? By learning and practicing the principles of wealth. All self-made millionaires live by these principles.

If you're not currently having MLM success, it's likely because you aren't applying the same principles that Oprah and all other billionaires and millionaires apply to achieve their success. All that's standing in the way between you and success is the application of these general principles.

So where do you learn these success principles?

The best place is directly from people who understand the principles and have had success using them. There's no quicker way to get where you want to go than to find a mentor to guide you along your way.

The person you want is someone who is currently where you want to be, and is willing to teach you the wealth principles. Of course, not all successful people fully understand these principles even though they naturally apply them.

Another good way to learn the principles of wealth is through the greatest success book of all time, Napoleon Hill’s Think and Grow Rich. The principles you need to understand are in this book. You'll need to do some work to uncover them, understand them, and put them into practice, but they are in the book.

Napoleon Hill’s Think and Grow Rich is all about using the same resources that millionaires use to get the same results as them.

If you are not experiencing the kind of financial success you desire, perhaps all you need is a little MLM success training from a mentor or by learning and practicing the principles in Think and Grow Rich. Sometimes all it takes is few subtle shifts in your thought processes to create a GIANT difference in your results!

Advertisement

hanmanth 11

Multiple Clients Create Your Independent Business

Would you rather have one good client paying you five
thousand dollars per month or ten smaller clients paying
you five hundred dollars each per month? Here are two good
reasons for choosing multiple clients over just one client.


1. Avoid Dependence on One Client


Don't put all your eggs in one basket. If you have only one
major client and lose them, you have zero income overnight.

Knowing that they are your sole (or main) source of income,
some clients will make some unfair, unreasonable demands of
you. They can get away with it because they know you are
in a very poor bargaining position.

You could also end up losing a good client for reasons
beyond your (or even their) control. Bankruptcy, sale or
bequest of the business to someone else, or a new manager
who has made other arrangements are just a few ways you
can lose such a client.

You are much better off to have several clients. If you
lose a client that represents ten percent of your income,
you still have ninety percent of your income left.


2. Clarify Your Self-Employed Status


Self-employment status has certain tax advantages over
being employed. Although there are other factors to
consider in making this determination, the more clients
you have, the less likely that you will be classified by
the tax authorities as being an employee.

For example, if you do all your work for one client at his
office, a good case could be made that you are his employee.
If you work for two different clients at their offices (or
even your own), a case could be made that you have two
different part-time jobs.

On the other hand, if you have a hundred different clients
you work for, it is unlikely that anyone would argue that
you have one hundred part-time jobs.

So, to avoid dependence on any one client and to clarify
your self-employed tax status, choose several clients over
just one or two clients. For increased success and to be
a truly independent business, obtain multiple clients.

Advertisement

hanmanth 10

Positioning in Small Business Marketing

Positioning is another one of those marketing jargon words that everybody throws around and is important to understand. It's also important to understand how positioning specifically applies to your small business marketing.

Basically a marketing position describes your unique place in the market. The key word here is unique. What makes you different from your competitors? What features and benefits do you offer your target market that the other players don't?

Here are a few things that may go into your positioning:

-Price Point - This doesn't necessarily mean you have the lowest price. You may be the most expensive in town, and that's OK if you convince your customers you're worth it.

-Service - Almost every business claims they have great service. If you can provide exceptional service compared to your competitors, your customers will remember you. I'll never forget calling a surly plumber to try to get him to my house for an emergency on a weekend. he acted like he didn't want my business and then told me it was going to be $200 for him just to show up, no thanks. I called roto-router who gave me amazing service, a guarantee, and the whole bill was less than $200. I now use them for all my plumbing.

-Features and Benefits - Positioning is not just about what makes you different, it's also about what you emphasize. Folgers announces to the world that it's "mountain grown coffee" ( a feature). Guess what? All coffee is mountain grown. Folgers just claimed this feature first. What's something that none of your competitors are talking about?

-Credibility - Legal Seafood's clam chowder is served at every presidential inauguration. Many products get celebrity endorsements. Many companies tout how long they've been in business. All of these things build trust in the mind of the consumer. What trust-building factors do you have that the competition does not?

-Negative Features - Is there something you don't have that annoys customers of your competitors? I'm not saying use negative advertising, but just mention the feature and tie it to a benefit. I'm annoyed when I have to pay for parking to go shopping at Mall. Instead of touting free parking, a mall that wants to speak to me might declare, "you'll never have to pay for parking". This drives home the pain of shopping with a competitor without going negative.

-Anything Else - Literally anything that differentiates you from your competitors can be part of your positioning strategy - your location, your hours of operation, the way your office smells. Small business owners need to think creatively here.

In a great article by John Jantsch he states that a positioning strategy must answer the question, "why should I buy from you?" This is brilliant in it's simplicity; it cuts through all the strategic junk that complicates marketing. If you can't answer this question, your customer is not going to do the work to figure out an answer on his own.

Advertisement

hanmanth 9

Short Sale Success Secrets with Foreclosures

If you're active in real estate investing, you may already realize one of the biggest issues real estate investors face: Finding Great Deals.

Foreclosures at a 52-year High

With foreclosures at a 52-year high, there are thousands of deals available on the market, if you know where to find them and how to secure them. The first challenge you'll face once you locate the property is that most of these homeowners are mortgaged to the hilt. They have no equity, and big loan payments. In fact, many actually owe more than the property is worth!

Most investors will walk away from these deals because they see no obvious profit. That's because they don't know about the Short Sale.


WHAT IS A SHORT SALE?

The concept behind the short sale is simple: your goal as a real estate investor is to convince the bank to sell for less that is owed as payment in full. Of course, this concept is easy - buy the foreclosure from the bank at a big discount, sell the real estate, and make money! So how does it work?

Success with short sales can be accomplished in the following steps:

Step 1: Do your research.
Many new real estate investors make the mistake of waiting until some subion service sends you the list. The disadvantage is that a ton of other investors are also getting the list. If your first contact is to send a letter, forget it. Your letter will be lost in the huge pile the homeowner is getting from all sorts of other investors, credit repair etc. 99% of the time these go directly into the trash or a big basket unread. If you go directly to their door you've got a chance.

So if you're going to mail, be the first to act when the default notices are printed in the local newspaper. Or be the first at your courthouse, if that's where they're filed first. The key to finding investment-worthy properties is to act quickly. Be disciplined and mail out the letters the very same day-in fact take them to the post office. In this business, the early bird really does catch the worm.

Tip for Success: If you don't have a company that publishes your notices of default, check with local title companies or bankruptcy attorneys to see if they offer these services; you need somebody familiar with the subject that visits the courthouse often.

Step 2: Develop your marketing strategy.
When you have located foreclosures, make sure your timing is swift. Mail your initial letters of approach to the homeowner the same day you discover the property. Placing ads in your local papers also helps to generate leads and find homeowners eager to avoid the credit penalties involved with foreclosing.

Tip for Success: A typical advertisement strategy taught in real estate training is to get listed in real estate or credit section of the classifieds. These ads typically have a bold, to the point headline, such as “Avoid Foreclosure” or “Stop Foreclosure, Today!” If you are targeting a specific property type, or reaching for higher market values, specify this in your ad. (Instead of simply “Avoid Foreclosure,” add your target market to the bottom of the ad. Example: “Avoid Foreclosure, call 1-800-555-1212. 500K and up.” You'll make more money in real estate by reaching for high-value properties, and an ad like this shows your prospects that you specialize in helping those with higher value homes avoid foreclosure.


Step 3: Work with the homeowner.
You can't get anywhere without the cooperation, and often gratitude, of the homeowner. The homeowner you are working with has obviously run out of options, but you'll need their trust and confidence if you plan to short sale mortgages. Remember, in these situations, you are often looked at as the “rescuer”. Make sure you explain the homeowner's part in the process thoroughly. Once they deiced to allow you to work with them, there is important paperwork you need them to fill out and sign:

1. an “Authorization to Release” form that gives you permission to contact the lenders and the foreclosing attorneys.
2. a sales contract - signed but leave the purchase price blank. You may need to change the numbers as you negotiate with the bank
3. a financial statement - to show they can't afford to make the payments
4. a hardship letter - to explain in personal terms what happened.

Tip for Success: Remember that this is a stressful time for the homeowner. It's easy to get caught in the excitement of a prospective short sale profit. You can get them to make a decision when you are able to convince them that this is the right option for them Emphasize the benefits of working with you, and then ask for them to take action. Make sure to let them know that once your contract is signed, and the bank accepts it; they'll be free to move on with their life.

Step 4: Negotiate with the bank.
Although banks don't enjoy taking a loss, it is a simple fact of the lending business that short sales are a necessary evil for lenders. Indeed owning the property (a non-performing asset) is even more expensive than selling it for a loss. Consider:

Banks use short sales to drop unwanted property quickly without having to deal with the REO office and go through the long process of putting the home back on the market. When you speak with the Loss Mitigation department, remember, this property is actually costing them money! Federal regulations require somewhere between $300,000 and $800,000 (or more!) to be held in reserve by lenders, which is many times over the actual price of the bad debt.

When you call the bank and ask for the Loss Mitigation Department (the department that handles properties that are in foreclosure) tell the person handling the account that you are trying to help Mr. X with his foreclosure and you are willing to buy the property from him, but due to the condition of the property/declining values/etc. you are only willing to pay X amount. This is where your negotiations begin.

Be firm and polite, but don't ever make threats to not buy or be forceful in your approach. Loss mitigators are often busy and overworked, and they want to see you as somebody who is minimizing the damage - and hassle - of the bad debt.

Tip for Success: Larger banks are the easiest to deal with when working with short sales and foreclosures. This is because the larger banks have more resource, more experience, and more loans! While there are some larger banks that don't work with short sales at all, other banks, such as Wells Fargo or Fairbanks Capital, tend to work with a much larger volume of short sales.
Once you have worked with enough short sales, you'll find that you have inside contacts at some of the larger banks; be friendly, ask them about their day, Develop a rapport. Sometimes, they'll open up about problems they're facing or current trends, which of course, you'll need to keep on top of!


You don't have to be a real estate pro to see the potential for making money with short sales, and now you definitely have some great tools to get started. Great deals in real estate are out there, and with today's market, your potential for profit is limitless. Just keep in mind: do your research, market your services, and treat the homeowners and lenders with respect. When you use this approach with short sales, you can make a win-win for everybody, especially the officers at your own bank when you cash in on your profit!

In the next article, we'll discuss the tricks and tips in convincing the bank to take a big discount on the short sale.

Advertisement

hanmanth 8

Stuck With A Zero Marketing Budget For Client Gifts?

Would you really dare to give each client a gift of $500 this Christmas? What about something worth $2000? Or maybe $5000?

You think I’m joking right? I mean, here you are struggling with your 50 cent marketing budget and I’m giving you the key to your bankruptcy. At Christmas time, too!

Step up to the roller coaster and you’ll find out how Marie beat the system with some simple, yet smart marketing tactics and how you can too. Yeah, just like that…

Marie Ain’t No Santa Claus!

Nope! She’s just like you and me.

She can do the Ho! Ho! Ho bit, until she’s faced with the prospect of expensive client gifts. Oh sure she wants to revel in the spirit of giving, but her bank balance is screaming for some mouth to mouth resuscitation. And that’s something she can’t ignore.

What’s Worse Is Marie’s Clients Probably Won’t Even Like The Gifts!

Look at yourself. Did you really like that burgundy sweater you got last year? Or that gift basket full of calorie-ridden chocolates that made you wish you hadn’t seen them at all.

Let’s face it. Murphy’s Law, kicks in bigger and bolder at this time of the year than any other. On average (and often because you’re buying gifts in bulk) you’re giving your client a gift that’s so far off the mark that you might as well throw it in your own trash can and save him the trouble.

How Can Marie Play Scrooge And Santa Simultaneously?

There’s one simple concept every business ignores. It’s called Spare Capacity. Hotels are never totally booked, flights are never quite packed to the gills, and by golly, most businesses like yours and mine (no matter how busy) always have some free space and time.

Marie could use this factor to her advantage. If she approached my business, these are the steps she would logically follow.

1-2-3, Cha, Cha, Cha (Here Are The Steps!)

Step 1: It’s all in the way Marie puts it. If she simply asked me to speak to her clients, I might decline, but if she made it extremely tantalizing, I’d be only too willing.

“How would you like to meet with 20 new clients, that would be very keen to do business with you?”

That kind of question would get my curiosity wound up pretty quickly. She can then explain how she would be introducing me to 20 of her top clients. All I had to do was offer each of them an hour of my time. If I did a good job, I would get a whole bunch of new clients that would be quite eager to meet me.

Let’s say I charge $500 for a consultation. Marie could qualify her clients well, and give them each a voucher to meet up with me. In this consultation, they would have the opportunity to throw me any of their marketing issues and I would have the chance to wow them with my fancy footwork.

Step 2: Once we’re in agreement, she would create a voucher that she can give to her clients. This voucher offers them the specified time at my convenience (I only need to meet them in my free time). This voucher would offer them the benefit of some radical, unusual marketing either via the net, phone or in person. To make the deal sweeter, Marie could offer me 20 hours of her time to meet my clients.

Step 3: We give these vouchers to our respective clients for Christmas. We tell them that we’ve bought them a gift that will help them tremendously in their business and that the gift is worth $500 or $2000, as the case may be.

Any one of those solutions would be worth anything from $200 to $20,000, depending on what the client did with the idea.

How does that compare with your $20 gift right now?

Where Do You Start Looking?

There are no rules. Just because you sell product, it doesn’t mean you have to do this Christmas swap with products.

If you sell products like beds, start looking at chiropractors, massage therapists, interior designers. If you look around you, you will find dozens of businesses that will be more than willing to play Christmas gift if there is something in it for them.

If you sell services…ditto. Look for services as well as products. Every one has spare capacity. Services are most highly valued because they’re abstract and based on the person themselves, but you can find products that are sitting in someone’s warehouse and they’d be glad for you to take them off their hands, in return for access to your top clients.

Best of all, this solves the problem of the suitability of the gift. Wouldn’t a business be more excited by a highly prized service than another daily planner?

Why This Concept May Not Work For You

Marie, has got to make sure that I give solid information in the consulting session to her clients. Sales pitches are a no-no. Your swap must be a REAL gift, not some shoddily disguised sales pitch.

Pick your Christmas Partners carefully. A lot could go wrong here if all they’re seeing is dollar signs.

The second reason why this may not work for you is sheer laziness. You might find it easier to step into a gift shop and blow $1000 on gifts for your clients. It’s easy and it beats having to knock on doors and trudge through snow or sun (depending on where you live on the planet).

Hopefully You’re Not That ‘Duh!’

When you give your gift, all you’re doing is trying to make your current client happy (and that’s great!). With Marie’s concept, you’re actually getting a chance to meet another 20 new clients.

Say that quietly to yourself: Twenty new clients without you having to do any selling. You don’t even have to spend any advertising or marketing moolah to get them in the door. Best of all, they will actually be grateful to have you over.

Does that send a chill down your spine? What if you could do this deal with three people just like Marie? Would 80 appointments be good enough for you?

Are You Going To Have a great NEW YEAR Or What?

No one ever told you about Santa Scrooge did they? Well, now that you know, what are you going to do about it? This rocks, my friend. Now go there and create a New Year that’s really worth big bucks in your balance sheet.

If you do, the next time your banker hears Ho! Ho! Ho, he knows it’s not Santa!

Advertisement

hanmanth 7

The Art of Employee Motivation

If you think that your employees’ poor performance on their designated jobs is costing you a whole lot of loss profits, then instead of just doing a total overhaul of your employee roster, why not try to do some employee motivation tactics to get them to actually come around and be able to save your company from looming bankruptcy. It really is fairly easy and simple to rouse some employee motivation, you just have to take these techniques to heart:

People nowadays are concerned of the lack of importance that is being put into health care plans. Is your company one of those companies who does not provide their employees with the health benefits that they should be entitled too? This is a possible reason why your employees’ morale are down. You need to reassess the situation and try to give them the health benefits that will ensure them that they will be protected by the company that they have been loyal even in their times of sickness. Always remember that a happy worker is a satisfied worker so make sure to use this employee motivation tool in order to give your employees morale a much needed boost.

Remember, companies are usually employed with some women who will, most often than not, become mothers. So it is highly important that you know their needs especially during the time when they would want to avail of their maternity leave. It is important that your company, no matter what kind of product or service you offer, is always sensitive to your employees needs, no matter what gender.

When it comes to having a good health plan for your employees, you must be sure that your health plan is actually of any good or else it would not really do any good to your employees’
morale. Make sure that the health plan will be able to cover all their basic needs and it wouldn’t really hurt if you throw in some added kicks.

Basic health care plans that you can use for employee motivation actually covers the following: full coverage for any basic illness or injury, coverage of hospital payments in case the employee has to be checked in at the hospital or if there are some minor surgeries that need to be done.

Added benefits to further boost employee motivation through a health care plan is through having their dental health covered as well as their optical needs, eyeglass subsidies as well as free dental cleaning and check-ups will be a good treat for your employees and will surely be a great added employee motivation move.

Apart from having a good health care plan for your employee motivation tactics, you must also be able to provide for them some other additional care such as an insurance plan which they can rely on in case something bad happens to them and they are still of service to your company. Even if this employee motivation move will not be availed by the employee’s family during the time of his or her service, your employee can still choose to continue on paying for the premiums of the insurance plan even after he or she has retired from your company. Unfortunately for your employees, once they resign
from a job position at you company the said insurance plan will be revoked since the company will not be able to play for your insurance premiums anymore (remember, all the payments from these employee motivation tactics will actually come from the employee’s salary).

Another great employee motivation move for loyal employees of your company is to have a car loan ready for them, employees who have already served some considerable amount of years in the company should be entitled to a car plan wherein deductions from their salary will be used to pay for their vehicle of choice. This is a great employee motivation move since those who are not able to afford a car (a brand new car at that!) would actually want to continue staying in your company because of this added employee motivation benefit.

From time to time, especially during special occasions, you need to be able to give your employees some added morale boost by organizing events or parties that will foster camaraderie among your employees. A little good time certainly wouldn’t hurt anyone and this will all be in the spirit of good ole’ company fun. Employee motivation directed events such as Christmas parties and company picnics are surely a welcome treat to your seemingly overworked and over fatigue employees.

You must also remember to give your employees some time to unwind like providing your regular employees the benefit of having a two-week paid vacation leave. That’s the least you can do for your employees who you have held captive for the majority of the year in your office.

These are really simple and easy employee motivation tactics that you can do in order to boost your employees’ morale and be able to ensure a good upkeep of your company.

Advertisement

hanmanth 6

The Basics of Borrowing Money

Are you thinking about starting a business but have no money to do it with? Well, you're not alone. This article will tell you the basics of borrowing money.
A loan is money that is borrowed, and has to be paid back along with interest. If the money is borrowed from an institution such as a bank, this is called a commercial loan. Money that is borrowed from a friend or a relative is called a personal loan.
The borrower, or debtor, is the business or individual that takes out the loan. The lender, or creditor, is the source from which the money was borrowed. The term, or period, is the time that is specified during which the borrower has to use the money borrowed before he has to repay the loan. The maturity of a loan is when a loan term reaches its end. The Principal is the amount that is borrowed from the lender. When you or your business borrows money, the lender wants to know when they will get their money back. Keep this in mind when you are looking for a lending source.
If the business is not able to repay the loan, the lending source has a right to legally come after assets to recoup it's money. The extent to which you are personally liable depends on the business structure your business is operating under.
If you are approved for a loan, that you will have to make scheduled payments (typically on monthly basis) plus interest. A loan can sometimes be set up as a balloon loan. A balloon loan will typically require smaller initial payments and one lump sum of what was borrowed as the final payment at the end of the term.
Borrowing from Institutions
Business loans generally fall into two main categories: short term and long term loans. A short term loan is a loan that is to be payed back within one year. Examples of short term loans include:
Working capital loans
Accounts receivable loans
Lines of credit
Long term loans are loans that are to be payed back typically from one to seven years. Long term loans are typically used for:
an expansion of a business
the purchase of equipment
real estate
Most business loans that are used for starting a business are long term loans.

When you approach an institution for a business loan, it will be looking at you as the business owner as closely as it will be looking at the business itself. One of the ways lending institutions make money is by lending money and they want to be as sure as possible that they get back their money with the interest owed.

The time between applying for a loan and learning that you have been approved (or disapproved) can vary. If you are disapproved, you may be told almost instantly. If you are approved, it may take a few days though it usually takes longer. It may even take several months to learn whether you or your business has being approved for the loan.
Borrowing from Family and Friends
If you don't want to, or can't get a commercial loan, you can consider getting a private loan from family or friends. This is usually real informal. However, you need to be careful because this can lead to ruined relationships.
If you are getting a private loan, it is in the best interest of the lender to have an agreement put in writing. The written agreement should state the principal, the interest charged and the terms of repayment. This puts the lender in better position either write off the loan on his or her tax return or to legally come after you.
You are free to reprint this only if the article text link is included:

hanmanth 5

The Importance of Personal Background Checks -

The purpose of personal background checks is to get a feel for the applicant’s character. Personal and professional references are a good starting point, however, experts in the investigative field caution employers on using this method solely. Prospective employees are obviously going to give references of people whom they trust will provide a good character reference for them. Those references may not necessarily be fabricating information regarding the applicant; they simply may not know pertinent information about him or her.

Another method employer’s use is obtaining a credit report on the prospective employee. While privacy advocates argue the necessity in reviewing credit reports, many employers find them to be full of important information. An employer can determine what types of credit accounts the applicant has open and their history of paying bills on time. For some employers, this is a good indicator of how responsible of an employee he or she will be. Employers also may draw a correlation between credit history, job performance and employee retention. Though these conclusions are heatedly debated, according to the Fair Credit Reporting Act, employers do have the right to investigate much of a person’s credit history as a pre-employment tool.

Credit reports also contain pertinent job and address information. Some employers and private investigation firms use credit reports as a means of cross-referencing information supplied on the employment application. Though credit reports contain much needed personal information, they should be used in conjunction with other personal background check methods in order to have a well-rounded view of the applicant’s character and ability to perform the job duties.

This type of consumer report also contains information that may be valuable, although legally questionable, to the employer. Age and marital status are data that are often reported. Employers should already be familiar with privacy and equal opportunity legislation and be careful not to discriminate on the basis of these facts. The purpose of performing personal background checks is to ensure the safety and security of the company and violating Federal laws is out of the question.

Identity theft, criminal prosecutions, outstanding debt and bankruptcies are all examples of information that can be acquired through a personal background check. As an employer, it is your responsibility to only gather what information you need; information gathered should be directly related to the safety and quality of the company and more specifically, the job performed. For example, if a company needs to hire a receptionist, it might not be necessary to know whether or not he or she has filed bankruptcy recently. Other than using that as a tool to judge character, some information gathered through personal background checks may not be relevant to the position.

If an employer should require a more extensive background check, things such as who someone has dated, use of alcohol or drugs or personal lifestyle can also be obtained. Usually when a firm investigates a person’s background, they may interview neighbors, friends, associated, former co-workers and others to gain a picture of the person as a whole. Some of the information may be of interest to the employer and some may be irrelevant. It is important when hiring an investigator, to let them know specific information you are looking for.

When investigating a prospective employee’s background, it is vitally important to be honest about your intentions. Federal law requires employers to provide separate consent forms for each type of investigation to be conducted; it is also good business practice to be forthcoming about these matters. Background checks on employee’s can save companies money by avoiding potential lawsuits, theft, and costly employee retention. It is usually best to outsource the work to a private firm, if the information is very detailed. For some employers, searching at the local or state level is much more cost-effective and may produce the results they need without outsourcing.

Advertisement

hanmanth 4

The Ins and Outs of Credit Card Debt Settlement

Are you a self-confessed shopaholic who buys anything and everything that you get your shopping addicted hands on? Such thoughtless and impulsive buying will most likely result in the accumulation of a bunch of junk that will simply collect dust. Can you even remember that silk scarf you just had to have and since it was a virtual steal at 50% off you just had to buy it? Where is it now and how many times have you actually worn it? Is it still fashionable?

If you're like most people, chances are you'll have to rummage through bins and bins of collected shopping "litter" which you've accumulated through the years, just to be able to see that once precious scarf. You may still be in a state of denial by saying "Fashion goes round and round and that scarf will have its shining moment once again."

Unfortunately, many people fall into this mode of impulsive buying that they really can't afford and before they realize it they become saddled with debt. If you fall into this category, you'll soon need to learn a thing or two about debt settlement which can assist you in extracting yourself out of that self-imposed state of financial trauma and begin to start rebuilding your life bit by bit. And the time to start is now! Of course, you have to be honest with yourself, admit that you've got a serious debt problem and then humble yourself enough to seek the help you need to pull yourself out of this devastating ordeal.

First things first, a lot of people may actually think that they only have a few choices when it comes to solving their debt problems. The two most common options for those who are burdened with enormous amounts of debt are either to consider declaring bankruptcy or debt consolidation. Unfortunately, if you take the easy way out by declaring bankruptcy, it will leave an embarrassing and indelible mark on your credit report for up to 7 years, which will result in higher interest rates, less credit and if you try do qualify for a mortgage (some lenders do give loans immediately after bankruptcy) you will most likely not be able to get a loan to cover 100% of the financing you need. Normally, an 80% first mortgage and if you can get a second mortgage, it will be at much higher interest rate and probably only 10% of the loan value for a total of 90% of the loan to value and you'll have to come up with 10% down.

Clearly, everything will come with a higher price for a period of time but you'll have to weigh that with a straight debt consolidation solution in which you pay off your debt. However, in many cases you can negotiate with the collection agency and it's realistic to get 25% - 50% of the debt forgiven, if you can show that you'll continue to make monthly payments until the remainder is paid off.

Many of the debt settlement / debt consolidation companies were actually established by the credit card companies themselves. Why, you ask... because it only makes sense for the credit card companies to help you pay off your debt because they can either forgive some of the debt or reduce the interest rates, lower the monthly minimum payment requirements or some combination and get paid a portion of the money owed or receive nothing if you declare bankruptcy. What would you do if you were in their shoes? The answer is obvious. This is why a lot of people who have been saddled with debt are now being offered debt settlement. Of course, not all debt consolidation service companies are owned by credit card companies but many are.

Some groups offer debt settlement programs through arbitration. The "selling point" when it comes to these kinds of solutions is that debt settlement will actually help end your debt problems, without having to go through declaring bankruptcy, without having to pay overcharged debt consolidation program fees as well as helping you avoid getting caught in the debt consolidation trap that a lot of people have fallen victim to.

In many cases, what the organizations do that offer debt settlement services is negotiate your debt down with the collection agencies that have been given your case. I would encourage you to contact a number of companies to ensure you feel comfortable and that you are working with a quality company that doesn't over-charge you for their services.

On the other hand,if you would really like to save money, which only makes sense since you are already heavily in debt... then negotiate with the collection agency yourself. It's not difficult, rather than getting upset when you get called night after night simply tell the collection agency rep that you would like to pay off your debt but you can only do it if you can get it reduced and then ask them that you would like to get the debt you owe reduced by 50% - 60%, even 75% and ask them to see what they can do. Ask for a lot up front because as in any negotiation there's always a give and take. Believe me, they will go to work for you and your offer will be seriously considered because they only get paid when they collect and it's better to get their percentage on a smaller amount than "diddly squat" on the full amount.

Of course, you'll have to decide what route you want to take... bankruptcy versus debt settlement but shop around and realize that you do have options. The internet is full of companies offering their bankruptcy or debt settlement services, but be careful and don't let them push you around and never work with anyone you don't feel 100 percent comfortable with.

Advertisement

hanmanth 3

What to Consider when Filing for Personal Bankruptcy
President Bush in April signed into law The Bankruptcy Abuse and Consumer Protection Act. This bill promises many changes to law, and will make it more difficult for the average person in financial trouble to have debts removed with bankruptcy. Recent social and economic changes indicate that those considering a bankruptcy should do so now, as the queue is getting longer.

It will be now be harder to file under Chapter 7 of the code, which allows the courts to wave consumer debt and give the debtor a new start. Filings posted will be tested and those who have a decent income it seems will have to file under a more strenuous Chapter 13, which demands repayment by installments and the assistance of a lawyer. Now looming, bankruptcy filings are not only higher than they were previously, but are also higher than expected. Acros the country, filings are substantially higher than last year, and some bankruptcy practitioners say that their business has increased dramatically.

To make it more confusing is another law, that requires credit card companies to establish a payment schedule that permits consumers to repay debts in amended installments. Since early year, most credit card providers have doubled their minimum payments. An average person with say $12,000 in credit card debt, will have approximate monthly payment increases from between $150 to $450, an increase most people can ill afford.

This increase in bankruptcy filings has overwhelmed bankruptcy lawyers, who face a burden of being liable for false information filed by clients once the new law takes effect. Certainly an unwelcome change. This additional liability, together with the additional tasks, has prompted many lawyers to raise fees subsstantally over the same time as last year.

What does this mean for bad debt? From here on, bankruptcy filings will be more confusing, complicated and costly. The system is already overloaded with bankruptcy cases. If you suspect you're in the bankruptcy category, you should move on it now. Waiting even another day could be too late.

Advertisement

hanmanth 2

What You Don't Want to Know About Bad Meetings

Bad meetings are a cultural malady that senior executives pass on to new employees.

Long pointless meetings are useful in that they keep incompetent people from interfering with those who are working.

An employee who needs permission to buy a box of paperclips can spend tens of thousands of dollars worth of employee time on bad meetings.

Many people attempt to save time by Not planning. This false short cut guarantees that everyone will spend more time later.

Unstructured spontaneity leads to serendipity, which (in business) leads to bankruptcy.

Meetings are a magnetic opiate that keep people from the tasks they were hired to perform.

The main activity in many meetings consists of simple chit chat. If it's an important meeting, then this becomes sincere chit chat.

A meeting without an agenda is like a journey without a map.

A teleconference without an agenda is like a journey without a map, in the dark.

Most meetings are social street lamps attracting the unproductive moths in an organization.

People fail to prepare an agenda for two reasons. They think they’re saving time and they don’t know what to put in it.

Expecting a meeting to produce results without an agenda is like expecting the Easter bunny to leave eggs on your doorstep.

Bad meetings waste a fortune. My surveys show that companies waste almost 20% of their payroll on bad meetings.

Advertisement

hanmanth 1

Buy a Flower Shop: Serious Considerations

You've always liked flowers and you think the idea of turning emotions into floral expressions sounds like tremendous fun. You are between careers and have been investigating business opportunities in your community. Yesterday, while perusing the real estate magazine in your county, you notice that the family owned, downtown flower shop is for sale. The ad says it's a turnkey operation. This is your lucky day. Or is it?

Let's look before we leap, OK? Here are some factors to consider:

What is the current state of health of this business?

You should be able to see the financial records and consult professional help if needed.

What is the reputation of this business in the community?

If there are negative feelings about the business in the community, you need to consider a name change and making a big show of the change in management. Factor in the cost of a face-lift on the façade of the physical facility.

What assets are included in the selling price?

If you are buying the building, equipment, coolers and inventory, you need to carefully assess the age, condition and viability of these items. For example, there may be $10,000 worth of inventory in the store, and the seller may be able to document the value by showing invoices. However, if the inventory is shop worn, out of date or not in keeping with your business plan, the value of that inventory to you may be quite a bit lower than that $10,000.

Are you also buying the Accounts Receivables as an asset? If so, you should do some serious research into the exact state of these accounts. Many traditional florists have struggled with house accounts. They have extended credit as a matter of tradition, rather than good business sense and have found themselves in extreme cash flow trouble.

What liabilities are you buying?

You'll need to be very clear about any debt or bills you will be taking over. Be sure that you hire professional help to outline any such debt in your sales agreement. Because of seasonality of the flower business and the existence of house accounts, many retail florists have difficulty with cash flow; you should avoid any situation where you will be paying bills run up by the previous owner.

Also, you should take time to consult with the Wholesalers that you will be buying from. Discuss your payment terms and lay the groundwork for a healthy business relationship with a reputable Wholesaler or two.

What about the business name?

If the name of the business is valuable in your market, you probably won't want to change the name of the business. In any case, consider a clause in the bill of sale limiting the use of the name by the previous owner in the future. This can be very sticky in the case of an owner's own name, for example "Smith Florist".

Will you need to hire all new staff?

Sometimes a previous owner chooses to stay on and work for the new owner. This can pose tremendous difficulties for all involved, so tread lightly on this territory. It's an extreme analogy, but think about the difficulties in open adoptions between birth and adoptive parents. Everyone has their own style and it can be difficult to accept change or let go of something you have worked very hard to build.

That being said, many valued staff members at successful florists have weathered the change in ownership of their place of employment. Do make every effort to retain good people. Just be sure to be clear about your expectations so that the separation can be as painless as possible should that become necessary.

What is the correct timing?

Take the holidays into account when you plan your purchase of a flower shop. Valentine's day is the single largest day, but Christmas is more of a marathon. Mother's Day, weddings, proms, graduations and anniversaries team up to make the spring months a nice busy time. Depending upon your market, the summer can be a difficult time to make ends meet.

Ideally, you'd take over a shop with enough time to get your feet wet before a holiday, but not with so much down time that your funds dry up before you can get going.

What other opportunities exist, and at what cost?

Here's the acid test. Take the time to sort out the options. Let's work on the assumption that you WILL own a flower shop in the next year. Take a big sheet of paper and draw a line down the center. At the top of the left column, write "Buy and Existing Flower Shop". In the Right column, write "Open a New Flower Shop". Now draw a line through the middle of the paper, so you have a top and bottom. The top is for pros and the bottom is for cons. Fill in the grid with as many items as you can figure. Ask your trusted business friends and floral professionals for help. You'll be considering such items as the finances and the marketing plan of your business. When you have completed this exercise, you should have two things. One is a good tool to help you make a decision. The second is the beginnings of a business plan.

Whatever your decision, a business plan is essential. It is your roadmap for success and will be necessary for a business loan. It is worth the extra time at the onset of this journey to compare the options and make the best decision you can.


About the author:
Karen Marinelli is a Floral Industry Professional with nineteen years of experience in the academic, retail and wholesale sectors of the industry. She believes the common goal should be to sell more flowers to more people, more often. For information on How to Open a Flower Shop,


This article may be reprinted without permission under the following conditions:
Article must be printed in its entirety.
Author information and links must be printed exactly as above.

Advertisement

article 51

All the programs we list have been thoroughly checked out and are guaranteed to pay. We use these programs daily to make ourselves a monthly paycheck. These are all simple and easy ways to stay at home, and make a great income. Some people do it part-time for the extra $250-$500/month to pay their car payment. Others work full-time and make enough to quit their jobs! It's your choice.

No Boss, No Noisy Alarm Clocks, and Definately No Schedules!

You will make the decisions now. Earn Up to $500-$3500 Every month making a better than average income for doing what you want when you want. Nobody to tell you what to do, nothing to tell you when to wake up, and the day now becomes yours! You get to decide because you have the freedom of working for yourself. Look at yourself as a Consumer Professional!

We aren't Filthy Rich, But We Sure Enjoy What We Do !
We are ordinary people, we don't flaunt our money, dine expensively every night, we just enjoy ourselves and what we do. We have never released this information out until now, and there has been an overwhelmingly successful response from it!

Advertisement

article 50

How companies Pay You To Take Surveys

Its really simple. Companies like to find out what the consumer (you) like to spend your money on, and more importantly what you like to spend your time doing. They pay millions of dollars every month in advertising budget to hire people like us to show you how to take these surveys and focus groups. Its really quite simple to understand that these companies MAKE millions just buy knowing more about you.

Somtimes they even pay for your dinner, and sometimes even pay you to get with groups of people to try products in controlled areas they invite you too! ( These are called focus groups.)

Pretty soon you might find yourself getting Paid:

• $5-$100 To Drive Brand New Released Cars
• Free Meals + $40 to Try out a New Restaraunt in Your Area!
• $20 for filling out a short 10 minute email survey
• Get Paid $100-$200 an hour for offline surveys
• Get Paid $50-80 for online surveys
• Over $200 an hour for focus groups!
• Get Paid $90 just for previewing a Movie Trailer!
• Up to $3500 a month just for driving a car around!

People Didn't Believe Us Either When We Started, Now We are Practically Retired!
Nobody believed us when we started, and we hardly believed ourselves. But the money starting pouring in, We were getting paid by MULTIPLE companies somtimes MULTIPLE times a week. We are now making a living from our homes, working a couple of hours a week. Microsoft, Coca Cola, Sears, and many more LARGE corporations are paying you and I for the extremely valuable customer information that they pay the BIG BUCKS for! We are the source between you and these very generous and high paying companies.

Advertisement

article 49

Testimonies

• Personally I love it! I take my son to school, come home and start taking surveys. Work for maybe an hour or two, then head off to the gym. Come home and do a few more surveys. Run out to do a few errands and pick up my son from school. Do a focus group or a few more surveys before dinner and I'm done for the day. I fit my work in whenever I can. The part I like best is I can do it for 5 minutes or a few hours .. I can fit it in whenever I have time and I'm not tied down for long periods of time and I never have to leave the house!

• Of course now everyone I know does online surveys for pay too! My mom is retired and really needs the extra money. My sister is just out of college and has a great job .. but really needs a few hundred extra a month for the extras we all enjoy. My best friend just had a baby and when I told her what I was doing and how much I was making she tried it out before going back to work.

• She is so happy she did .. now she stays home with her daughter and makes great money .. and she spends wonderful quality time with her child. This is such a great job I know you will just love it.
  Now you can get started making great money filling out online surveys too. You will receive instant access and can be working by tomorrow! You will have access to hundreds of companies that will pay you to sit home and give your opinion!

Advertisement

article 48

NOTE: There is a Limited Number of Openings. If you hurry, you can Guarantee Processing of Your New Application Through.

earnmoneyatnet.com - Instant Access

Instant Lifetime Access to our members area containing:

1. FREE BONUS: "Get Paid to Shop & Eat!"
2. FREE BONUS: "Get Paid to Drive!"
3. FREE BONUS: "Over 300 Additional Work at Home Opportunities!"

Advertisement

article 47

Work at home India is India's first work at home company, Work at home India has pioneered the work at home concept in India. Way back in 2000 work at home India started distributing home based work to Individuals, Now work at home India features a lot more work from home jobs both online and offline home jobs then any other company, We are providing home jobs such as data conversion, data processing, email processing, ad placing, data entry, medical transcription, data entry, editing work, paid SMS, paid survey, home webmaster jobs, Free Internet business and many other home jobs. Work at home India is known for its effective customer care and efficiency in the home business field. Work at home India provides high quality work for corporate and firms in the ITES business. We accept Data-conversion, Data Entry, Internet Research. MT, LT, HTML to XML and various other kind of ITES work. We also provide search engine optimization and Online marketing service at par with the industry standards. We also provide a lot more options in the online advertising industry. We sub outsource BPO projects to individuals and bulk customers we also provide telecommuting jobs to home jobs seekers.

If you want to outsource your projects to us we can offer the Most competitive and accurate service. Contact us to outsource your projects.

New Projects in Data conversion and Data entry Updated for Home Jobs and Bulk Outsourcing.

We offer only genuine work at home opportunities, no marketing, no forced matrix, no click based, no paid emails or paid to surf programmes.

Advertisement

article 19

It can be very difficult to obtain if you have no credit. The paradox is that you need credit to obtain a credit card or loan, so there’s no real way for you to build the credit that you need. However, there are certain steps that you can follow to build when it is non-existent.

There are a few factors that will help you to look good in lenders’ eyes. The first is your bank account or accounts. You don’t need to have credit to obtain a, so if you don’t have a current account, get one right away. If at all possible, get a savings account as well. By maintaining your bank accounts, you are proving that you can manage money responsibly. Your bank account history can be a vital factor that look at before approving or denying a loan request.

Your employment and residence history are also factors that go into being approved for a loan. If you have a steady job history and have been able to hold down a job for an extended amount of time, this will reflect favorably on lending companies. Likewise, if you don’t move around frequently and have a stable residence, then lending companies will look upon your application favorably. Owning your home, even if you jointly own it with a spouse, looks good to lenders as well.

Having different utilities in your name carries some weight with lending companies. You don’t need a credit history to sign up for different utilities under your own name. This can include an electric or gas bill, telephone, cable, internet, or water service. Having your name on these utility bills won’t improve your credit score but will look good for first-time borrowers.
For those of you who have bad credit, you may want to look into a bad credit secured loan through Totally Money. A secured loan is a loan that is secured against one of your valuable assets; typically, the asset that those applying for a secured loan use is their home. By offering security, you are lowering the risk that lenders take by approving you for a loan, especially if you have bad or no credit. The amount of money you will be able to borrow and your interest rate depends greatly upon the value of the asset that is securing the loan. Secured loans should be used carefully, especially if you pursuing one for debt consolidation purposes. Make sure that you don’t use your secured loan to free up your credit cards only to max them out again. If you aren’t able to repay your secured loan, the asset that you took that loan out against can be sold by the lender to repay your loan.

Advertisement

article 18

Totally Money is a popular financial comparison site that provides you with a comprehensive tool that will help you to save time and hassle. This website has the most up-to-date information and news regarding lenders based in the United Kingdom, so it’s a great resource to use to find out everything you need to know about obtaining a secured loan in the UK. After you fill out a short, simple form requesting information about one of the many loan comparisons available on the site, Totally Money will perform its own research among the UK lending market and pass the information and comparisons on to you. This process helps to ensure that you get the best and least-expensive loan possible for your particular financial background. That’s not all, though. This company will also connect you with an independent specialist for a separate, parallel quote so that you’re sure to have all of your bases covered. This way, you’re armed with all of the necessary information and can make your decisions wisely.

Totally Money is able to provide you with comparisons between Black Horse and all other UK lenders. Black Horse Loans specialize in affordable unsecured loans that are geared towards those with no or bad credit. Black Horse Loan’s products are geared towards those who have had issues with their credit in the past. While other loan companies can be stringent regarding a history of defaults, Black Horse Loan has a more flexible attitude. The best way for you to keep your loan rate low is by applying for a secured Black Horse Loan. This is especially true if you have bad credit. However, if you don’t want to risk losing your home or whatever personal asset you secure the loan against, you may want to consider a Black Horse unsecured . With Black Horse unsecured loans, your repayments will not change for the duration of the loan. If you’re thinking about applying for a loan through Black Horse Loans, go to Totally Money and get a free comparison today.

Advertisement

article 17

Student Loans

Taking out a loan is a serious commitment with long term consequences, especially if you choose a secured loan deal, and so it's important that you only deal with reputable loan providers and brokers. But how can you tell if a particular site is trustworthy? While it's impossible to be 100% sure, the following pointers will give you a very good idea of whether you should proceed with an application or look elsewhere.

Firstly, you should never be asked to pay a fee up front, merely for making an application. These kind of loan sites are often scams, promising more than they can deliver, and you may well find that you pay the fee and get either nothing in return, or an offer of a loan that's so expensive that it's pointless taking it out. You might however be charged an arrangement fee once your loan has been agreed and you've signed on the dotted line - this is perfectly okay and normal, especially where there's an element of bad credit or self certification involved.

You should also avoid dealing with sites who insist on you telephoning a premium rate number as part of the application process. In these cases, it's very likely that you'll be kept hanging around listening to pointless but official sounding messages, all the while racking up a hefty bill. If you need to phone the loan arranger, it should ideally be on a freephone number, or at least a standard rate one.

Advertisement

article 16

Paid Surveys Tips to Work From Home and Make Secondary Income

Paid Surveys - Make Secondary Income

Participate in paid surveys and earn secondary or primary income with minimal effort and without leaving your house. It's amazing how much money you can make and also the prizes you can win by filling out simple surveys. Of course when something is too good to be true there is a risk. We have been doing research on Internet fraud for three years and found out there are a lot of scam survey and work at home providers. A lot of survey websites offer people a database with a fee for paid surveys which turns out to be scam surveys. Also, survey sites offer free access to their survey database but require you to register with their site. Again, this is a scam. They keep your information and sell it to third party companies.

Why should you take online surveys?

• Influence the development of new products and services
• Make money....Easily be paid from $1 to $100 for 20 minutes of your time
• Work from the comfort of your home
• It's free to join, No cost what so ever
• It's are fun and interesting...you learn a lot about current product and product in the near future
• It's Easy....all you need is a computer
• Earn great rewards and prizes...some survey companies send product to keep and only ask for feedback
• You make a difference by expressing your opinion

Sample Questions: (95% are multiple choice questions)

• What cereal do you prefer? A) Raisin Brand B) Frosted Flakes C) Chex
• Have you heard of the Tom-Tom Navigation System? A) Yes B) No
• What vacation destination would your prefer? A) Beach B) Mountains C) City
• What airline do you prefer? A) Delta B) American Airlines C) Air Tran

Survey Tips:

• Register only with online survey panels that list a privacy policy on their website
• Look for panels approved by the Better Business Bureau (BBB) and that have privacy policies reviewed by eTRUST or features the WebTrust for Online Privacy Seal of Assurance.
• Beware of 'survey websites' asking you to receive information for special offers and other survey panels during registration - these websites may sell your name and information to other companies that will send you spam.
• Always set up a separate e-mail account exclusively for survey invitations. This will make it easier for you to see how many surveys you have received, and will avoid spam being sent to your personal e-mail address, should you make a mistake and register with an unreputable surveys website.
• Beware of 'survey websites' that ask for overtly personal information such as your bank account information, credit card numbers, full names of family members, etc. A real online market research company would never ask you to provide this type of information.
• Be cautious of 'get rich quick' websites. You cannot get rich taking online surveys. However, you can make a decent amount of cash on the side participating in surveys.
• Legitimate online survey e-mail invitations will provide information on the type of study being conducted, the survey length, and the incentive for completion. Do not respond or click on e-mail 'survey invitations' that feature ads to win products, cash, etc. These e-mails are not coming from legitimate market research companies!
• Some research companies will ask you to download software after registration. This software usually tracks your web browsing habits and the information is then sent to marketers. It is ok to download this software if you can verify a legitimate market research firm is running the site - do your homework to make sure that this is indeed the case.
• Look for mentions of marketing association memberships on survey panel websites. Reputable associations include CASRO (Council of American Survey Research Organizations) and the AAPOR (American Association for Public Opinion Research).
• Your opinion counts! Marketers truly are interested in what you think, enough to reward you with cash and prizes just for sharing your thoughts. Stay cautious when registering with online survey panels, but when you've found a reputable panel - have fun and reap the rewards of being a panelist!

Advertisement