Archive for category Baby Boomers Financial

Do You Tweet?? Making Extra Monthly Money with Twitter

Sponsored tweets has become a major money maker for people with loyal followers. In fact, John Chow was featured in the New York Times last month because of how he was making money from Twitter.

Recently he was paid $1,000 for making one tweet! The $1,000 tweet was given to him by Ad.ly, the newest player in the paid per tweet game.

Ad.ly brings together big name tweeters with big name brands, which is how they get the big payouts. Until recently, the only way you can join Ad.ly was to be invited. However, with the pending launch of their new self-serve ad system, Ad.ly is now accepting applications from smaller Twitter users. You can join here: Ad.ly Ads.

Read the Entire Article @ BabyBoomerTalkOnline.com

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Why I Love Affiliate Marketing-Part 5

Note: The following is a guest post from one of my favorite

internet marketing mentors. And, YES, if you take advantage of this program, I do receive an affiliate commission.

 

Why I Love Affiliate Marketing - Part 5

By Jimmy D. Brown of “Affiliatenaire”

 

The word “overhead” is not a favorite among those who run

businesses of any kind. Nobody likes the expenses of

operating a business. And nobody really talks about them

much when it comes to promoting all of the “money-making”

products and services online.

 

But, don’t kid yourself, there’s a lot of overhead.

 

That brings me to the fifth reason why I love affiliate

marketing…

 

** You don’t need a big budget to make it work **

 

Do you have any idea how much money is spent running an

internet business? There are monthly fees for…

 

* Autoresponders

* Hosting

* Management

* Advertising

* Scripts

* Much more

 

There are regular fees for…

 

* Licensing

* Outsourcing

* Support

* Customer Service

* Maintenance

* Development

* Recruting

* Much more

 

It’s not uncommon to spend tens of thousands (even

hundreds of thousands) of dollars in operational

costs — which is fine if you’ve been in business

a while and are making the bucks. However, if you’re

a newcomer, it can be taxing on your budget!

 

SIDEBAR: I paid one girl over $30,000 last year

just to oversee one small part of my business.

No one talks much about it, but there ARE a lot

of expenses involved before you get to the

“bottom line” of profit.

 

BUT, with affiliate marketing, you don’t need a big

budget to make it work! You can simply use a variety

of free and low-cost marketing methods to generate

clicks to your affiliate link.

 

That’s why I love affiliate marketing.

 

You don’t need a big budget to make it work.

 

…………………….

 

Jimmy D. Brown is the author of “Affiliatenaire“, teaching

you how to create big-time affiliate commission checks in

only 1-3 hours each week. Discover how you can get cash in

the bank without a website, experience or even an idea!

Visit and grab your copy here. Affiliatenaire.

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Why I Love Affiliate Marketing-Part 4

NOTE: The following is a guest post from one of my favorite

internet marketing mentors. And “Yes”, if you grab his program, I receive an affiliate commission.

 

Why I Love Affiliate Marketing - Part 4

By Jimmy D. Brown of “Affiliatenaire”

 

I’m sure by now you are well aware that there are those who

have reported HUGE amounts of money being made with their

online businesses. What you may not be aware of is the

amount of work involved in generating those “sales” (not

always net profit, mind you … this isn’t “spendable”

income in a lot of cases.)

 

That brings me to the fourth reason why I love affiliate

marketing…

 

** You don’t need to manage an entire business **

 

While it can be quite lucrative, running an entire business

with employees, inventory, partners, vendors, and other

associates can be a time-sucking, frustrating ordeal.

 

Imagine…

 

* Processing refunds

* Putting out fires when partners SPAM

* Managing day-to-day operations

* Overseeing projects you’ve outsourced

* Recruting new affiliates

* Training everyone to help you

* Paying taxes

* Taking care of the paper trail

* Doing all of the “stuff” that business owners do.

 

Didn’t you want to start an internet business to make

more time for important things in life?

 

Why not make a lot of money WITHOUT making a lot of extra

work for yourself?!

 

It can be a lot of extra work and stress. BUT, with

affiliate marketing, you don’t need to manage an entire

business! You are simply responsible for promoting your

affiliate link… someone else handles all the rest.

 

That’s why I love affiliate marketing.

 

You don’t need to manage an entire business.

 

…………………….

 

Jimmy D. Brown is the author of “Affiliatenaire”, teaching

you how to create big-time affiliate commission checks in

only 1-3 hours each week. Discover how you can get cash in

the bank without a website, experience or even an idea!

Visit “Affiliatenaire”.

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Why I Love Affiliate Marketing-Part 3

NOTE: The following is a guest post from one of my favorite

internet marketing mentors. And, yes for full disclosure, if you go with his program I receive an affiliate commission.

 

Why I Love Affiliate Marketing - Part 3
By Jimmy D. Brown of “Affiliatenaire”

 

Some people have the ability to persuade others and talk

them into just about anything. Especially when it comes

to influencing their buying decisions. They know how to

push the right hot buttons, say things the right way and

generally get consumers into an emotional frenzy to the

point they are ready to click an order button.

 

There are two key words in that paragraph that really need

to stand out in your mind: “some people”.

 

Not everyone has this ability. In fact, only a few do.

 

That brings me to the third reason why I love affiliate

marketing…

 

** You don’t need to write a world class salesletter**

 

Have you ever tried to write a salesletter? There’s a

reason why professional copywriters charge up to $10,000

(and sometimes even more) for a SINGLE salesletter. It

takes a lot of experience and skill to write a top-gun

salesletter, which is why most people have a hard time

convincing people to buy if they do create their own

products and website.

 

They simply don’t have the right salesletter in place

to make it all work. Without good copy, it really doesn’t

matter how spectacular the offer is, you’re simply not

going to get many sales.

 

SIDEBAR: The average conversion rate of site visitors

who become buyers is reportedly less than 2%. That

means 98 out of every 100 do NOT buy. That’s why

sales are so incredibly bad for a poor site … you

*might* get 2 sales out of every 300-400 visitors.

 

BUT, with affiliate marketing, you don’t need to write a

salesletter! You simply direct people to someone else’s

high-octane salesletter for THEM to convert your leads

into commissionable sales.

 

That’s why I love affiliate marketing.

 

You don’t need to write a world class salesletter.

 

…………………….

 

Jimmy D. Brown is the author of “Affiliatenaire”, teaching

you how to create big-time affiliate commission checks in

only 1-3 hours each week. Discover how you can get cash in

the bank without a website, experience or even an idea!

Visit “Affiliatenaire”

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Why I Love Affiliate Marketing - Part 2

NOTE: The following is a guest post from one of my favorite

internet marketing mentors. And, yes for full disclosure, if you go with his program I receive an affiliate commission.

 

Pop quiz time. What does “HTML” stand for? Don’t know

that one? How about this - what does “FTP” stand for? OK,

one more chance. Do you know how to work with either?

 

That brings me to the second reason why I love affiliate

marketing…

 

** You don’t need to build a website **

 

What scares people more than creating a product is building

a website!

 

* What in the world is HTML? Or FTP?

* How much does the software cost? And hosting?

* How do I upload files?

* Why isn’t it formatted correctly?

* Why don’t my graphics look like the ones the pros have?

 

If you are a complete beginner, it can be very difficult

(even using templates) to get an attractive website in place.

And hiring a professional to do it fo ryou is out of the

budget for most people.

 

But, with affiliate marketing, you don’t need to build a

website. You simply send visitors to someone else’s

professionally designed site through your affiliate link.

 

SIDEBAR: Just in case you’re interested, HTML stands

for “hypertext markup language” and is the coding

used to build webpages. FTP stands for “file transfer

protocol” and is the process used for moving files

from your computer to a website, or vice versa.

 

Really, in a manner of looking at it, you get to take

advantage of the time and money invested by someone else

to develop the site. Think about it: when you promote an

affiliate link, it reflects firstly upon YOU. You are the

one who is advertising the link, recommending the product,

sending people who have interacted with YOU to the website.

 

The professional site of someone else really represents

you as the promoter, in the eye of those who have clicked

through your link.

 

You get the benefits without the bother.

 

That’s why I love affiliate marketing.

 

You don’t need to build a website.

 

…………………….

 

Jimmy D. Brown is the author of “Affiliatenaire”, teaching

you how to create big-time affiliate commission checks in

only 1-3 hours each week. Discover how you can get cash in

the bank without a website, experience or even an idea!

Visit “Affiliatenaire

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Why I Love Affiliate Marketing-Part 1

NOTE: The following is a guest post from one of my favorite
internet marketing mentors.

Why I Love Affiliate Marketing - Part 1
By Jimmy D. Brown of “Affiliatenaire”

Do you find yourself “starting” to create your own product
to sell online, but never “finishing” it?

One of the things I love about affiliate marketing is –

** You don’t need to create your own products **

Many people find the idea of creating their own products to
be an overwhelming and even paralyzing task.

* I don’t have any good ideas!
* I’m not a writer!
* There’s too much competition!
* I don’t know how to set everything up!
* I can’t figure out where to start!
* It’s too hard!

These are just a few of the valid reasons many people give
when it comes to not creating their own products to sell.
I’m sure with a few minutes of brainstorming, we could come
up with a list of many more.

With affiliate marketing, you don’t need your own products.
You simply promote someone else’s already proven successful
offer for a commission.

And, truth be told, even if you ARE a writer and you DO have
lots of ideas and you CAN figure it all out…

** Nobody wants to create new products all the time **

As good as you may be, you don’t know everything! Why try
to create a product on every topic imaginable in your
market when you can earn just as much money by simply
promoting someone else’s really good offer as one of your
profit streams?

That’s why I love affiliate marketing.

You don’t need to create your own products.

…………………….

Jimmy D. Brown is the author of “Affiliatenaire”, teaching
you how to create big-time affiliate commission checks in
only 1-3 hours each week. Discover how you can get cash in
the bank without a website, experience or even an idea!
Visit Clickbank to view this ebook.

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Baby Boomers 8 Ways to Work With Your Office’s Landlord!

The Great Recession:
What’s An Office Tenant to Do?

During the financial turmoil of the last 18 to 24 months, nearly all office tenants would acknowledge that they’ve been negatively affected financially one way or another. In fact, tenants seeking reductions in monthly rental obligations have deluged many landlords and asset managers.

Virtually every business has been under pressure to reduce its operating expenses, so why should office tenants be any different? Rent is typically the second highest expense (after salaries and compensation) for any business.

So…what can you, as an office tenant, do in the face of the “Great Recession”?

Several things can and should be done as a response to today’s economic climate, but how that process is conducted can be critically important to your success. Landlords operate businesses just like you do, and are very understanding and keenly aware of how the fortunes and profitability of any business can shift dramatically and on a dime. Here are some things to keep in mind before you choose to go down that path:

  • LANDLORDS DO HAVE A HEART. Most will agree to meet with you, most will listen very carefully to your requests, and most will try to do whatever they can to work with you. Don’t be shy about calling your landlord to meet and discuss how your fortunes have changed and what he can do to help.
  • CALL YOUR BROKER TO DISCUSS A STRATEGY. If you retained a broker to negotiate your lease, get their money’s worth and call them to discuss the situation. The more experienced your broker is, the more helpful they can be. Keep in mind, however, that most brokers will graciously do their best to argue your position, but will, privately, be very tentative about doing so. In general, it was the landlord who paid their compensation previously and is the same landlord that will pay them commissions in the future. The last thing any broker wants to do is to let that check-writing system know that you’re not able to honor the obligation you had agreed to months or years earlier.
  • BE PREPARED TO SUBSTANTIATE YOUR CLAIMS. While most landlords will be more than willing to consider your request for a reduction in rent, virtually every one of them will request copies of your financials to substantiate those claims. Have them ready for review and provide them only to the owner’s representatives, who will professionally and sincerely honor your request for confidentiality.
  • CONSIDER THE OBVIOUS. Many tenants start the process of lowering their rental expenses by reconfiguring their offices to allow for subleasing. Depending on the circumstances, you may want to notify your landlord in writing that you are requesting that he immediately begins to market part of your space on a direct basis to mitigate any damages that may be incurred.
  • BE CREATIVE. Believe it or not, most tenants have a notion that landlords can simply mark down the price and unilaterally lower the rent without any additional compensation. Will. Not. Happen. Simplistically, they will want something in return, whether it’s an extension of the lease term (“blend and extend”) or rearranging the rental structure so the money is paid at a later date, but at a higher cost per foot than originally agreed to. Keep an open mind and be willing to consider any suggestion that comes up.
  • BE FORTHRIGHT. As shocking as it may seem, many tenants are not truthful with their landlord, and may, in fact, be using the Great Recession as justification for reducing their rent. “Everybody else is doing it, so why shouldn’t I?” Very often, landlords will see right through that, which only causes your credibility to suffer…never a preferred outcome.
  • BE REALISTIC. There are only so many ways to re-structure a lease, and like any other negotiation, the party on the other side of the table will be asking “What’s in it for me?” Their willingness to agree to a reduction will almost always involve some concession on your part.
  • BE COMMUNICATIVE. When a broker told me months ago that he knew of a business that was about to move out of its building in the middle of the night, I told him to advise the tenant against it. Landlords can’t stop you from moving, but that type of decision will more often than not cause hard feelings, which may also strengthen their resolve to pursue you legally, something no one wants.

If the end is at hand, just call the landlord, request a meeting, and explain why you will have to end your occupancy in the building. Then, do yourself a huge favor by asking what would be the easiest and best way to get that done. Don’t be surprised if you get far more in return from that hardhearted landlord than you may ever have thought possible, including but not limited to a decision to not try and chase you in court.

Bradford Perry, principal of PerryCRE, is a commercial real estate broker, an attorney, and former property manager of two high-rise office buildings with 18 years of experience in commercial real estate. He can be reached at bperry@perrycre.com.

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Baby Boomers Move To Self-Employment

Rising unemployment reinforces Boomers’ entrepreneurial bent.

This was the headline from a recent Forbes Magazine article by Ashlea Ebeling.

There is always negative news as the article reports, but Boomers do not expect to be handed anything. Do you know which age group has the highest rate of new business creation? 55 to 64. That is us!

We know…We know… that “entrepreneurs under 25″ sounds sexier than “50 entrepreneurs over 50.” But the reality is that many entrepreneurs–those who will hopefully lift us out of the recession–are older folks.

The article states….The news again is grim. Unemployment rates in June continued to climb for those aged 55 and older–to 7.7% for men and 6.4% for women, up from 3.1% and 3%, respectively, in December 2007.

Sure, that’s lower than the national 9.5% rate. The problem is, once older workers lose their jobs, they have trouble finding others.

Fortunately (for those in this age group and for the economy), older workers have recently demonstrated they have a plan B: Work for themselves.

Read more below:

Over the past decade, the highest rate of new-business creation has been posted by the 55 to 64 age group, Dane Stangler, senior analyst at the Kauffman Foundation, a Kansas City, Mo., charity devoted to entrepreneurship, notes in a new report, “The Coming Entrepreneurship Boom.” Using data from the Kauffman Index of Entrepreneurial Activity, the study finds that from 1996 to 2007, Americans aged 55 to 64 averaged a rate of entrepreneurial activity roughly one-third higher than those aged 20 to 34.

And the parting upbeat paragraph from this article:

So if you’re looking for a silver lining in the latest unemployment numbers, it might be this: According to Stangler, well over half of the largest companies in the U.S. and close to half of the fastest-growing firms were founded during previous recessions or bear markets. “This might be the start of a new entrepreneurial era,” he says.

Boomer 54

Mark

Related Posts:

2 Ideas to Earn an Extra $100 to $500 Monthly

10 Ways for Baby Boomers to Get Their Resume Read

Boomers 3 Ways to Ensure Your Resume is On Top of the Stack

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2 Ideas to Earn An Extra $100 to $500 Monthly

With the economy the worst since the depression, people are coming up with ways to earn extra money to make ends meet monthly.

Doing some research I found these 2 ideas were the most creative, least time consuming and lucrative. I wanted to share them with you. With anything, it will take a little work upfront but can be rewarding financially.

Search for misspelled auction items and eBay typos. You will need to have an account with eBay. Join eBay here.

Every day thousands of misspelled auction items on eBay fail to sell because they can’t be found using eBay’s built-in search tools. To find these so-called ‘fat finger’ eBay misspellings you need to use a specialised eBay typo search tool such as Missing-Auctions.com (tell me more).

Bookseller from Liz Pullman of MSN.com Money

Selling stuff on eBay or Craigslist is a moneymaker for many, but some specialize in reselling one thing: books. There are a number of sites that facilitate used-book sales, including Amazon.com, Half.com and Cash4Books.net. Some folks haunt yard or library surplus sales, but poster “elizabethann” gets books for free at her job.

 

“We get brand new books at work,” elizabethann wrote. “I take them and sell them to (Cash4Books.net). I have a box of books near my desk that they will pay me $22 for. They even pay the shipping and handling.”

It is never as gloomy as it seems. There is always, always a way…My hope is the above 2 ideas will spur you into action or give you an idea for making a few extra bucks this month.

Boomer54

Mark

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Baby Boomers to Kids: Kiss Your Inheritance Goodbye

First my thoughts, why as baby boomers are we responsible for our kids financial well being? Isn’t it the problem we have with their sense of entitlement now?

They believe we should be leaving them with a handsome financial package!! We should take care of ourselves first.

Remember they still have their entire lives to make their money. I just don’t get these kids!!!

Give me your thoughts and leave a comment.

Facing shrunken portfolios, some seniors are revising retirement plans and leaving nothing to their kids.

Thanks to the financial crisis many people will have to reconsider the legacy they’ll leave behind.

Ross Schmidt, a financial advisor in Denver, sat down with a well-to-do client last fall, just after the stock market had collapsed. The client was in her sixties, divorced, with two adult sons. “We were scrambling to stem losses in her portfolio” and re-evaluate retirement plans, Mr Schmidt recalls. He asked his client how much she wanted to leave her sons.

“Well, now, nothing,” she replied.

She will not be the last to reach this decision — especially if the stock market stays down.

Millions of families are struggling with new financial realities, including heavy losses in many retirement accounts, and more prosaic expectations for future investment returns. Those near retirement face the hardest choices. Should they keep working for longer? Revise their retirement plans? Scale back their standard of living now to conserve money for later?

One idea that should be in the mix, much to the dismay of your children: Leave less to your heirs. Or even nothing at all.

Single-premium immediate annuities, an insurance product that converts a lump sum into a lifelong income stream, let you squeeze a bigger annual income out of your retirement savings than you otherwise could. That’s because people who buy them both give up their financial legacy, and effectively pool longevity risk with other customers.

If you want to live off your investments’ income, you should make sure they will last if you live into your nineties or beyond. But this strategy can limit the amount you can withdraw safely each year.

But if you buy an annuity, those who die quite young subsidize those who live to 110. (Another insurance product, Longevity Insurance, offers an alternative way to handle this.)

Annuities come in a variety of styles. They can have fixed or variable payments. Joint Survivor, for a couple, will keep paying until both spouses have died. So-called “period certain” annuities guarantee payments for five or ten years, so if you die one month after buying it your heirs don’t lose everything.

Web sites such as immediateannuities.com offer comparison-shopping tools for the curious or the confused.

Here’s how they work: Metlife this week said a 67-year-old woman with $1 million could convert that into an income of about $75,500 a year until she dies. For a couple a joint survivor policy would pay about $68,000.

What Metlife doesn’t mention about that woman’s million, of course, was that in this scenario, her kids get nothing.

The annuity route isn’t for everyone. David Hultstrom, a financial planner in Woodstock, Georgia, points out three concerns.

Annuities aren’t a great deal right now, he notes, because interest rates, which drive returns, are pretty low. Investors still face credit risk — insurers can collapse, and state backup pools may only protect part of your policy.

Furthermore, he adds, typical annuities leave you vulnerable to inflation, which is a widespread and growing concern. To allay concerns, some insurers have started offering inflation-protected annuities.

But inflation protection comes at a price, in the form of a lower starting income. For example, Lincoln Financial this week estimated that a 67-year-old woman who bought a $1 million inflation-adjusted annuity might start with an income of about $53,000 a year.

Converting your savings into an annuity also entails giving up liquidity and control over your money in exchange for an annual income.

And, as usual, when dealing with complex financial products you need to keep an eagle eye on costs.

But most people’s concerns may be more familial than financial. Is it OK to leave nothing to your kids — especially if you inherited a bundle from your own parents?

Wiping out your wealth when you go — “filing Chapter Heaven,” as it were — might sound like a scorched-earth plan. The cynical might even suggest it fits well with the locust-like financial behavior of the Baby Boomers, who consumed a golden legacy and have left their successors trillions in extra national debt.

Maybe it’s selfish, maybe it isn’t. Either way, unless financial markets recover soon, many may find they have few other options.

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