It has been said that one way to build wealth is find the next hot trend and introduce innovative products into that trend in order to get a substantial portion of market share just as what Bill Gates did to the Computer operating system, Steve Jobs did to music players and computers in general and what Google did to the search engines. The next big thing to hit after the internet is Voice over Internet Protocol (VOIP). If you do not know what VOIP is, watch this short Youtube clip for a brief introduciton to VOIP. In the July 2006 reprint of the Network Marketing business journal, it stated that a CNN broadcast in March 2005 revealed that “experts predicted that VOIP would surpass 1 Billion in revenues by the year 2010 and take more than 20 % of the market share from the local and long distance phone companies in North America by 2008.” The publication continued that the “Economist Magazine predicts that by 2013 as many as 47 Percent of all callers worldwide will be using … [Read more...]
An introduction to Affiliate Marketing
Affiliate marketing is one way of earning from the internet. It is defined by Wikipedia as “a web-based marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's marketing efforts.” To put it simply let’s say A has a product that he wishes to sell on the internet. So he invites people like B, C and D to sell his products. B, C and D then post details of A’s product in their respective websites or blogs. Usually A provides them with free advertisement materials such as banners, HTML codes, preformatted email letters, Java script codes etc. B,C and D are called “Affiliates of A. If A makes a sale or if a visitor is referred to A’s site by B, C or D’s blog or website then B, C or D is given a certain form of compensation by A. There are different kinds of compensation schemes in affiliate marketing. The most popular one being Cost Per Sale (CPS), the others are Cost Per Action (CPA), Cost Per Click (CPC) and … [Read more...]
Inefficiency, the mother of all injustice
A lawyer friend of mine asks me to appear in one of his cases since he had several schedules during that day. The case is to be heard at Toledo City, about 50 kilometers from Cebu City, Philippines and about 45 minutes to 1 hour travel by private vehicle. So I studied the case and asked the client to drop by my house so that we can go together. The case was to be heard at 9 a.m. so we left at around 7:30 a.m. We arrived in Toledo City at around 8:30 a.m. When we went upstairs we were informed by the clerk of court that the Judge was not around. She said the judge decided not to go there that day since he was very busy with his other court. (The regular judge in this particular court was suspended so a temporary judge from another court has to take his place) She said that the hearing is rescheduled and that we will just be given notice as to when the schedule will be. I can understand the judge. It is not easy for him to hold two courts and I do not blame him for what … [Read more...]
What happened to your Christmas gifts and bonuses?
Last Christmas, we probably received cash as gifts from some of our wealthier or purportedly wealthy relatives. Some have received a substantial amount, while others may have received a relatively small amount of money. Others may have received big bonuses or Christmas incentives. So what happened to the money that you received? Did you spend all of it already? Are you still keeping it under your mattress? Are you planning to buy some gifts with your Christmas bonuses ? Here are some ideas ways on what to do with that money. 1.) Put your money in the bank – Contrary to what most people think, banks are not only a place where you could keep your money safe. Banks offer several ways wherein you can make your money grow. Savings account only offers small interest rates. Time deposits on the other hand offer a higher interest rate. Time deposits however are sort “long term investments” since you cannot withdraw your money for a long period of time. This will however give you a … [Read more...]
What on earth is VOIP ?
Last week I wrote something about VOIP in a post although the main topic was not all about VOIP but about business. Some of my readers who are not technology savvy are wondering what VOIP is. (Voice Over Internet Protocol) It is very important to know what VOIP is, since it is considered as the "Next big thing" to computers. I will be writing more about this in the business category. For those of you who wish to understand what it is, here is a nice little clip from Youtube. The clip may be old (2004) but it tells you basically what VOIP is all about. By the way VOIP technology has somewhat advanced for the past 3 years. Here's the clip. … [Read more...]
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