When you decide to open a business on your own, often times the excitement will have you ready to launch your idea right away, however one thing that may be holding you back. You have several options in gaining much needed capital to begin to implement your business ideas. This article will include some ideas you can use to find funding for your business and begin to make the capital you need to grow.
So where can you begin to find funding sources for your business to gain capital? First place you should look is at the support of your friends and family. Occasionally, some people will get lucky and be able to find a lender within their family or friends to begin a business. You will want to be extremely careful however, borrowing from close friends or family can hurt your relationship with them, if extreme care for repayment is not made.
Another excellent avenue is to investigate any type of small business loans your government may offer. Many governments will offer new business owners loans for business start up, or disaster assistance and training. Also with the fast growing internet population there has been websites that have been created that allow lenders and borrowers to come together in efforts of starting up a business.
Another idea is to seek out venture capital firms; these are types of financial businesses that pulls together all partners resources and use these funds in efforts to help a new business entrepreneur being their business. In addition, look into your home equity, these types of loans typically called a second mortgage, allows you to borrow money from an institution by using the equity contained within your home as a form of collateral.
Lastly, credit cards and angel investors are two other types of funding sources you can investigate. Using your personal credit card can be a very tempting funding source; this typically works if you have enough of a credit limit as well as the means to pay it. With credit cards, you will want to be extremely careful in using them for your business venture and make sure that you keep up with the minimal payments at least; otherwise, you could end up hurting your credit and its rating.
Angel investors are typically retired executives or business owners, which are specifically there to help you start your business. These angel investors typically can provide you beginning capital in excess of what any other funding source can. Generally, these loans can start at $20,000 all the way up to around two million.
Sunday, October 30, 2011
Saturday, October 29, 2011
Business hygiene and cleaning machines
In the production of machinery for industrial cleaning, such as cleaning machines, motor sweepers, steam generators, Italy holds a decisive role and there are solid companies that for decades working in this field that arise as a reference point for overseas.
The experience gained by italian companies and the continued development and study in the field led to export in central and north Europe as well as in South America and North America. In these states currently focus investment promotional character of the largest producers, especially industrial floor scrubbers machines. Our companies are always looking for new techniques and equipment for cleaning and hygiene company, seeking new developments in the field from simple detergents and disinfectants down to the most complex machines for cleaning.
A workplace clean and healthy is a guarantee of prosperity and is the basis for a good production and future development, incentive to work and security to those who live every day. For this hot air thermoelectric generators and dessicant dryers, sweepers, vacuum cleaners, floor scrubbers and water jet equipment are essential to achieve a high degree of cleanliness in the large and local business environments where the transition and the concentration of people makes daily hygiene common first need.
Companies involved in the cleaning business bring into the market products and instruments that cover every need and problem of cleaning and enviroming disinfection. They are wet and dry vacuum cleaners and scrubber for the floors as well as equipment for cleaning effective vertical surfaces such as windows, walls and panels.
The Italian companies as well as available for sale machinery are well on the market even with the rental service of themselves and not for minor importance with accurate support services. New technologies have resulted in the production of tools that take more account of who is going to use the machine and then we come to produce equipment built with materials such as aluminium alloys and thermoplastics that allow you to have robust equipment and at the same time by short weight.
In addition there is always an eye regard to safety, so there are systems that allow dual secure the machinery starting only if the operational phase of use and with full control of the half. High quality and safety, equipment maximum functionality for each application hygiene going to support each separate what our clients in the choice of systems and equipment that are appropriate to each transaction cleaning necessary.
All this in response to a request for ease of use, versatility and security united to effectiveness in obtaining company hygiene, with particular attention to the long duration and quality / price ratio.
The experience gained by italian companies and the continued development and study in the field led to export in central and north Europe as well as in South America and North America. In these states currently focus investment promotional character of the largest producers, especially industrial floor scrubbers machines. Our companies are always looking for new techniques and equipment for cleaning and hygiene company, seeking new developments in the field from simple detergents and disinfectants down to the most complex machines for cleaning.
A workplace clean and healthy is a guarantee of prosperity and is the basis for a good production and future development, incentive to work and security to those who live every day. For this hot air thermoelectric generators and dessicant dryers, sweepers, vacuum cleaners, floor scrubbers and water jet equipment are essential to achieve a high degree of cleanliness in the large and local business environments where the transition and the concentration of people makes daily hygiene common first need.
Companies involved in the cleaning business bring into the market products and instruments that cover every need and problem of cleaning and enviroming disinfection. They are wet and dry vacuum cleaners and scrubber for the floors as well as equipment for cleaning effective vertical surfaces such as windows, walls and panels.
The Italian companies as well as available for sale machinery are well on the market even with the rental service of themselves and not for minor importance with accurate support services. New technologies have resulted in the production of tools that take more account of who is going to use the machine and then we come to produce equipment built with materials such as aluminium alloys and thermoplastics that allow you to have robust equipment and at the same time by short weight.
In addition there is always an eye regard to safety, so there are systems that allow dual secure the machinery starting only if the operational phase of use and with full control of the half. High quality and safety, equipment maximum functionality for each application hygiene going to support each separate what our clients in the choice of systems and equipment that are appropriate to each transaction cleaning necessary.
All this in response to a request for ease of use, versatility and security united to effectiveness in obtaining company hygiene, with particular attention to the long duration and quality / price ratio.
Friday, October 28, 2011
Business Chart and Reporting
Today’s management teams must rely heavily on business charts and business reports to make decisions and run their business efficiently. Management teams are especially crunched for time and need quick easy ways to analyze large amounts of data and information and make informed decisions. Without the support of their employees these management teams would be unable to perform their responsibilities and drive the business in the right direction. Fortunately management does have the support of their employees and are able to take advantage of informational documents, such as a business chart and a business report.
Because supplemental tools like business charts and business reports are so vital to the success of a company, let’s take a minute to review how management can use these documents as they seek to identify key performance indicators and make decisions that will ultimately drive the success of their business.
A business chart can provide management with a wealth of information. In addition to the valuable information a business chart provides, it also presents information in a manner that is easy to view, analyze and interpret. The value a business chart offers cannot be overstated. To begin with a business chart saves the management team time. Think about the difficulties involved in sifting through page after page of data and trying to make meaningful decisions based on what you gathered from that data. Now think about the ease of viewing that same information on one single page that offers a graphical representation, like a business chart does, and how much easier it is to not only understand what the data is telling you but also to make decisions based off of the information present by the business chart. As you can see, making use of a business chart allows management to cut down on their time spent analyzing and interpreting information and spend more time making decisions that will drive the company to future success.
Likewise, a business report can offer similar value to the management team. As a manager one is asked to make decisions concerning a variety of aspects within the business. Management is expected to know the ins and outs of every portion of the business. Again, the management team’s time is valuable and they can hardly be expected to spend the time getting to know the business at every core level. Time simply does not permit this. Thus management must rely on business reports from its supporting cast to keep them up to date on the various departments and divisions within the business. A valuable business report will provide a concise yet detailed overview of the condition of the divisions. In this way a business report can keep a manager in tune with his subordinates and ensure he has a firm grasp on the direction the company as a whole needs to take.
If anything, the key to helping management make the right decisions is being able to provide them with valuable and accurate information, whether it be in the form of a business chart or a business report, so that they can make informed managerial decisions ensuring the firm is headed in the right direction.
Because supplemental tools like business charts and business reports are so vital to the success of a company, let’s take a minute to review how management can use these documents as they seek to identify key performance indicators and make decisions that will ultimately drive the success of their business.
A business chart can provide management with a wealth of information. In addition to the valuable information a business chart provides, it also presents information in a manner that is easy to view, analyze and interpret. The value a business chart offers cannot be overstated. To begin with a business chart saves the management team time. Think about the difficulties involved in sifting through page after page of data and trying to make meaningful decisions based on what you gathered from that data. Now think about the ease of viewing that same information on one single page that offers a graphical representation, like a business chart does, and how much easier it is to not only understand what the data is telling you but also to make decisions based off of the information present by the business chart. As you can see, making use of a business chart allows management to cut down on their time spent analyzing and interpreting information and spend more time making decisions that will drive the company to future success.
Likewise, a business report can offer similar value to the management team. As a manager one is asked to make decisions concerning a variety of aspects within the business. Management is expected to know the ins and outs of every portion of the business. Again, the management team’s time is valuable and they can hardly be expected to spend the time getting to know the business at every core level. Time simply does not permit this. Thus management must rely on business reports from its supporting cast to keep them up to date on the various departments and divisions within the business. A valuable business report will provide a concise yet detailed overview of the condition of the divisions. In this way a business report can keep a manager in tune with his subordinates and ensure he has a firm grasp on the direction the company as a whole needs to take.
If anything, the key to helping management make the right decisions is being able to provide them with valuable and accurate information, whether it be in the form of a business chart or a business report, so that they can make informed managerial decisions ensuring the firm is headed in the right direction.
Thursday, October 27, 2011
Business can save money by selecting the right job consultancy
Which agency to choose?
There is generally little benefit in working with more than one agency. In fact it can be detrimental as relationships are built on trust.
Also it makes it a lot more difficult to manage the process and keep up to date with where your candidates are coming from, which agency is dealing with which company, different people calling you about different roles etc.
It's far preferable to find an agency who can therefore manage the whole process in a more efficient way for you.
The first thing to do is ask around for personal recommendations. Clearly you can't openly ask your accountant or business consultant whom they would recommend but there may be other actuarial friends or discreet colleagues who could give some feedback on agencies they have used.
Some agencies employ actuaries as recruitment consultants. This adds extra value to the process in that the actuary has the technical background to fully understand your business needs, and particularly what your transferable skills are if you are looking to go in a slightly different direction. In dealing with professional people you can be confident of a quality and confidential service.
A key consideration is to not be swayed in your choice of agency by a sales led consultant as this can often mean the sale is more important than building a long relationship with the business.
Using instinct
After you have been passed lots in cv's and the interviews begin then it is a case of using your experience and instinct in selecting the right candidate for the position.
As the squeeze is being felt by business due to the current economic climate they are relying on specialist service sectors like recruitment agencies to deliver high quality staff for their business needs.
If in doubt about a candidate's ability to undertake work, why not ask them to run through a case or file with you during second interview? If they are a conveyancing solicitor, ask them to run through the procedure they would take on a file or if they are a graphic designer then ask to see some of their work.
Having a test or assessment is perfectly acceptable as this tests the candidate and allows you to make a balanced judgement on their ability.
After you have made a decision on the right candidate then ensure a written offer is made to confirm your intent and then insist a written reply of acceptance and this can save a lot of wasted time.
There is generally little benefit in working with more than one agency. In fact it can be detrimental as relationships are built on trust.
Also it makes it a lot more difficult to manage the process and keep up to date with where your candidates are coming from, which agency is dealing with which company, different people calling you about different roles etc.
It's far preferable to find an agency who can therefore manage the whole process in a more efficient way for you.
The first thing to do is ask around for personal recommendations. Clearly you can't openly ask your accountant or business consultant whom they would recommend but there may be other actuarial friends or discreet colleagues who could give some feedback on agencies they have used.
Some agencies employ actuaries as recruitment consultants. This adds extra value to the process in that the actuary has the technical background to fully understand your business needs, and particularly what your transferable skills are if you are looking to go in a slightly different direction. In dealing with professional people you can be confident of a quality and confidential service.
A key consideration is to not be swayed in your choice of agency by a sales led consultant as this can often mean the sale is more important than building a long relationship with the business.
Using instinct
After you have been passed lots in cv's and the interviews begin then it is a case of using your experience and instinct in selecting the right candidate for the position.
As the squeeze is being felt by business due to the current economic climate they are relying on specialist service sectors like recruitment agencies to deliver high quality staff for their business needs.
If in doubt about a candidate's ability to undertake work, why not ask them to run through a case or file with you during second interview? If they are a conveyancing solicitor, ask them to run through the procedure they would take on a file or if they are a graphic designer then ask to see some of their work.
Having a test or assessment is perfectly acceptable as this tests the candidate and allows you to make a balanced judgement on their ability.
After you have made a decision on the right candidate then ensure a written offer is made to confirm your intent and then insist a written reply of acceptance and this can save a lot of wasted time.
Wednesday, October 26, 2011
Building Efficient Horse Barns
Future champions deserve royal treatment. Someone who helps you in your work needs must be treated the same as well. So why put your horses in barns that are not liveable? But before moving them from their makeshift barns to the most expensive and priciest horse barns you could find, there's a lot of things to consider. Well-structured, well-constructed horse barns are well-ventilated, light, roomy, comfortable to work and stay in. Top horseman and horse barn builder Champ Hough even suggests that horse barns should be as homey to your horses as your house feels like home to you. He shares several tips from over thirty horse barn building experience.
Hough suggests that before deciding on your plan, an appropriate site must be first decided. By appropriate, it means a site that would give your horse barns the much-needed air circulation and proper drainage. This would prevent epidemics within your barn. A good site would also provide your barn easy access to utilities, your driveway, or the road. Hough recommends orienting barns with these in mind. For aesthetic purposes, keep useful but unsightly features like the manure bin or can far from roads and your house but near your barn. Delivery docks and ramps should also be situated in the same manner. He also reminds builders not to mix delivery and horse traffic for less inconvenience. In doing barn layouts, Hough shares his trick. He suggests minimizing steps or the distance between barn workstations literally. This means that water stations, feeding stations, and grooming stations must be within reach or near each other. He also recommends, confining or isolating potentially messy areas like stalls and bathing areas to reduce dirt in the general barn. Clustering stalls is a good option.
Horse barns are usually built with 12 ft aisles but Hough insist that it is better if you give your barn aisles another couple of feet. This will enable machinery to enter the barn, and will give horses and caretakers ample room to maneuver inside. A wider doorway will also let in more light and improve air circulation. Installing screens on windows and sliding doors will reduce fly population while installing exhaust fans would let hot air out to be replaced by cooler air. Hough suggest the use of pavers and asphalt on horse barn floors for better drainage. Plus, these materials are easier on your horses' legs.In time, you'll get the benefit of having less vet bills, less upkeep and maintenance costs, and an increase in property value. With proper horse barns, your horses will be healthier, breed better, and have champion quality offsprings.
Hough suggests that before deciding on your plan, an appropriate site must be first decided. By appropriate, it means a site that would give your horse barns the much-needed air circulation and proper drainage. This would prevent epidemics within your barn. A good site would also provide your barn easy access to utilities, your driveway, or the road. Hough recommends orienting barns with these in mind. For aesthetic purposes, keep useful but unsightly features like the manure bin or can far from roads and your house but near your barn. Delivery docks and ramps should also be situated in the same manner. He also reminds builders not to mix delivery and horse traffic for less inconvenience. In doing barn layouts, Hough shares his trick. He suggests minimizing steps or the distance between barn workstations literally. This means that water stations, feeding stations, and grooming stations must be within reach or near each other. He also recommends, confining or isolating potentially messy areas like stalls and bathing areas to reduce dirt in the general barn. Clustering stalls is a good option.
Horse barns are usually built with 12 ft aisles but Hough insist that it is better if you give your barn aisles another couple of feet. This will enable machinery to enter the barn, and will give horses and caretakers ample room to maneuver inside. A wider doorway will also let in more light and improve air circulation. Installing screens on windows and sliding doors will reduce fly population while installing exhaust fans would let hot air out to be replaced by cooler air. Hough suggest the use of pavers and asphalt on horse barn floors for better drainage. Plus, these materials are easier on your horses' legs.In time, you'll get the benefit of having less vet bills, less upkeep and maintenance costs, and an increase in property value. With proper horse barns, your horses will be healthier, breed better, and have champion quality offsprings.
Tuesday, October 25, 2011
Broken Woes of the Business Broker
Business brokers don’t have it easy. It seems as though many brokers have their stories of how they have dealt with unhappy clients trying to cut out of the deal after escrow is closed. Some business brokers can tell their woes of how they were shorted on their commission, and many will claim that miscalculations are all too common.
Informing the Buyer
Anyone looking to sell their business needs to have as many interested buyers interested as possible; getting the word out is the most important thing to do in the beginning. That way you always have back up buyers if anyone drops out. And as always, the more information you can provide about the business for sale, the more chances you have on it being sold. The less information you provide in your advertisement, the less quality you are presenting to the potential buyer.
Basically the best thing to do is to provide all the information there for the potential buyer. Holding back because it will attract people to inquire more is a big mistake.
Miscalculation
Miscalculating the amount of home equity can be absolutely detrimental to the loan process. The equity is necessary mostly because the lender needs at least some home equity to secure the deal. But it’s necessary to also check out where home prices have dropped because there could be many more homes for sale in the same area because of this. Checking the rates of other homes in the area and comparing helps a great deal in the decision process. If it’s absolutely necessary to use equity to secure financing, you must compare prices no more than six months old.
Financing
Majority of people looking to buy a business are going to finance. Many try to avoid Small Business Administration loans because of how long they take to be processed. It’s very important for business owners and sellers to be involved in the financing process from the very beginning so that there are no surprises around the corner.
Certification
Business broker certification means that you are registered with a government agency. There are several levels of certification, and different types might be required in specific situations. Potential buyers have the ability to investigate the certification of brokers as well. A large brokerage could be certified in general, without the broker checking the certification of the transaction themselves.
When people find a broker who has taken it upon themselves to be certified this is seen as more valuable to the buyer. This is assurance of the broker’s capabilities, and with such large competition out there, can be essential to the broker’s business.
The broker might even be required to demonstrate through a different form of certification that the work was done in the buyer’s best interest, without bringing success solely to the broker throughout the transaction. That being said it’s important to realize that it’s possible to choose a broker who is certified to the buyer’s level of satisfaction, even before the process has begun.
Informing the Buyer
Anyone looking to sell their business needs to have as many interested buyers interested as possible; getting the word out is the most important thing to do in the beginning. That way you always have back up buyers if anyone drops out. And as always, the more information you can provide about the business for sale, the more chances you have on it being sold. The less information you provide in your advertisement, the less quality you are presenting to the potential buyer.
Basically the best thing to do is to provide all the information there for the potential buyer. Holding back because it will attract people to inquire more is a big mistake.
Miscalculation
Miscalculating the amount of home equity can be absolutely detrimental to the loan process. The equity is necessary mostly because the lender needs at least some home equity to secure the deal. But it’s necessary to also check out where home prices have dropped because there could be many more homes for sale in the same area because of this. Checking the rates of other homes in the area and comparing helps a great deal in the decision process. If it’s absolutely necessary to use equity to secure financing, you must compare prices no more than six months old.
Financing
Majority of people looking to buy a business are going to finance. Many try to avoid Small Business Administration loans because of how long they take to be processed. It’s very important for business owners and sellers to be involved in the financing process from the very beginning so that there are no surprises around the corner.
Certification
Business broker certification means that you are registered with a government agency. There are several levels of certification, and different types might be required in specific situations. Potential buyers have the ability to investigate the certification of brokers as well. A large brokerage could be certified in general, without the broker checking the certification of the transaction themselves.
When people find a broker who has taken it upon themselves to be certified this is seen as more valuable to the buyer. This is assurance of the broker’s capabilities, and with such large competition out there, can be essential to the broker’s business.
The broker might even be required to demonstrate through a different form of certification that the work was done in the buyer’s best interest, without bringing success solely to the broker throughout the transaction. That being said it’s important to realize that it’s possible to choose a broker who is certified to the buyer’s level of satisfaction, even before the process has begun.
Monday, October 24, 2011
Bootstrap Financing Your Way To Business Success
Do you need to start or grow your business but have little money? Before you look to banks and similar sources of financing, why not bootstrap your way to business success?
A bootstrap is a small loop of leather or other material that is found on the top rear or sides of a boot. The purpose of the bootstrap is to help you pull your boot on.
In business, bootstrapping has come to mean helping oneself without seeking outside help. It means using your own resources to finance, promote, and develop your business.
Here, then, are some ways of financing your own business by using your own initiative and depending less on outside bank financing.
1. Operate a Home-Based Business
Operating your business from home could save you a fortune. First of all, you eliminate the costs of expensive commercial rent, commuting, et cetera.
As well, your business use of home expenses would be deductible for income tax purposes. Since your home is your base of operations, your travel and automotive expenses from your home to clients would be deductible.
2. Accept Credit Cards
Rather than financing receivables and assuming the risk for bad debts, why not accept credit card payments?
3. Drop Ship Products
Rather than financing and stocking inventory yourself, consider drop shipping.
With drop shipping, when you make a sale you contact the manufacturer or authorized distributor who ships the product to the customer with your invoice and shipping label. Advantages include no warehousing, shipping, or inventory costs.
4. Use Your Customer`s Money
Selling memberships, subscriptions, gift certificates, and coupon books are just a few ways of getting your clients to pay upfront. Obtaining advance deposits and retainers from your customers can help finance your business operations and reduce or eliminate the need for bank financing.
5. Licensing
Instead of trying to finance the manufacturing and marketing of your invention, which could cost millions of dollars before you have your first sale, why not license it to a company with the necessary expertise and capital? You will then receive royalties in return for your idea.
6. Other Bootstrap Financing Methods
Aggressively control costs, barter, get extended terms from suppliers, establish strict credit and collection policies and procedures, rent (or lease) instead of buying equipment, buy used equipment instead of new, sell off excess inventory and equipment, obtain free publicity instead of paying for advertising, and do whatever else is necessary to generate cashflow and profits.
In these ways and many others not listed here, you may be able to start and grow your business successfully with very limited capital. Thus, you will avoid having to obtain expensive debt or equity financing.
Many who were unable to obtain financing from any other source have successfully bootstrapped their way to business success.
A bootstrap is a small loop of leather or other material that is found on the top rear or sides of a boot. The purpose of the bootstrap is to help you pull your boot on.
In business, bootstrapping has come to mean helping oneself without seeking outside help. It means using your own resources to finance, promote, and develop your business.
Here, then, are some ways of financing your own business by using your own initiative and depending less on outside bank financing.
1. Operate a Home-Based Business
Operating your business from home could save you a fortune. First of all, you eliminate the costs of expensive commercial rent, commuting, et cetera.
As well, your business use of home expenses would be deductible for income tax purposes. Since your home is your base of operations, your travel and automotive expenses from your home to clients would be deductible.
2. Accept Credit Cards
Rather than financing receivables and assuming the risk for bad debts, why not accept credit card payments?
3. Drop Ship Products
Rather than financing and stocking inventory yourself, consider drop shipping.
With drop shipping, when you make a sale you contact the manufacturer or authorized distributor who ships the product to the customer with your invoice and shipping label. Advantages include no warehousing, shipping, or inventory costs.
4. Use Your Customer`s Money
Selling memberships, subscriptions, gift certificates, and coupon books are just a few ways of getting your clients to pay upfront. Obtaining advance deposits and retainers from your customers can help finance your business operations and reduce or eliminate the need for bank financing.
5. Licensing
Instead of trying to finance the manufacturing and marketing of your invention, which could cost millions of dollars before you have your first sale, why not license it to a company with the necessary expertise and capital? You will then receive royalties in return for your idea.
6. Other Bootstrap Financing Methods
Aggressively control costs, barter, get extended terms from suppliers, establish strict credit and collection policies and procedures, rent (or lease) instead of buying equipment, buy used equipment instead of new, sell off excess inventory and equipment, obtain free publicity instead of paying for advertising, and do whatever else is necessary to generate cashflow and profits.
In these ways and many others not listed here, you may be able to start and grow your business successfully with very limited capital. Thus, you will avoid having to obtain expensive debt or equity financing.
Many who were unable to obtain financing from any other source have successfully bootstrapped their way to business success.
Sunday, October 23, 2011
$3 Million in 6 Months With Adsense!
Source: www.hazstore.info (( articles.hazstore.info ))
The Power Play Interviews: Markus Frind- $3 Million in 6 Months
This is the first in a series of Internet Success Stories that you will begin to see on the Power Play Blog. Hope you enjoy them!
Markus Frind, the creator of Plentyoffish.com is a success story worth noting, as he has managed to take a niche formerly ruled by giant corporations and give it his own brand of marketing savvy. A case of David vs. Goliath, where the little guy comes out on top in the end. Markus is the top "individual" adsense publisher in terms of pageviews. Lets find out what some of his secrets are as he shares some advice with our readers. Feel free to comment!
Markus, what is your experience in computer programming and how did it prepare you for becoming a webmaster?
The average pageviews a day is around 14 million for the last week. I'm getting another 80 million pageviews a day from users polling the site to see if they have new messages. Really intensive bandwidth wise!
When I go to your website, I notice that the ads are targeted to my region, yet I have not even registered- can you explain to our readers how you accomplish this feat?
I'm just using ip2location.com- Basically i take your IP, look it up in the database and it tells me what your city is. I then bring up a list of users in your city, nothing magical about it at all.
Are most of your visitors coming primarily from search engines (SERPS), or are you finding that they come from other avenues? Do you actively advertise in the media?
Search engines account for something like 2% of my traffic. The vast majority of my traffic, like any other site with over 5 million pageviews a day comes from word of mouth, and repeat visitors.
The services on your site seem to be offered at no cost to the registrants. Is there some advantage you have over your competitors that allows you to do this?
I've developed new algorithms that allow me to create a mega site for next to no cost. Several years ago I created algorithm that was thousands of times faster then the algorithm used in the 1990's to find a string of 22 prime numbers. At the time a professor used several super computers and hundreds of regular computers over the course of several years to find a record. I did the same thing on 1 computer in 2 weeks.
Fascinating! Are there any other sites you currently maintain, or is plentyoffish.com the only one?
Its the only site at the moment. I've got a few other sites I registered for friends so they could learn to do marketing/affiliate stuff. At this point i think 1 site is enough.
Any tips for those looking to create a profitable endeavor on the internet?
IF someone else thinks what you are doing is a cool idea I'd say it isn't... Find something no one else thinks is important and build up a site with big traffic in that area. Also keep in mind, sites that have low monetization today but have traffic may be the gold mines of tomorrow. In the internet world anything and everything will be monetized at some point and traffic is king.
Traffic is King- very wise advice, Markus. One last question- How do you find the time to maintain such a large commodity on the internet? Surely you must have some other interests in life besides programming and website monitoring?
It only takes a hour a day on average, but its very tiring work. I spend the other couple of hours reading and seeing what is going on.
The Power Play Interviews: Markus Frind- $3 Million in 6 Months
This is the first in a series of Internet Success Stories that you will begin to see on the Power Play Blog. Hope you enjoy them!
Markus Frind, the creator of Plentyoffish.com is a success story worth noting, as he has managed to take a niche formerly ruled by giant corporations and give it his own brand of marketing savvy. A case of David vs. Goliath, where the little guy comes out on top in the end. Markus is the top "individual" adsense publisher in terms of pageviews. Lets find out what some of his secrets are as he shares some advice with our readers. Feel free to comment!
Markus, what is your experience in computer programming and how did it prepare you for becoming a webmaster?
The average pageviews a day is around 14 million for the last week. I'm getting another 80 million pageviews a day from users polling the site to see if they have new messages. Really intensive bandwidth wise!
When I go to your website, I notice that the ads are targeted to my region, yet I have not even registered- can you explain to our readers how you accomplish this feat?
I'm just using ip2location.com- Basically i take your IP, look it up in the database and it tells me what your city is. I then bring up a list of users in your city, nothing magical about it at all.
Are most of your visitors coming primarily from search engines (SERPS), or are you finding that they come from other avenues? Do you actively advertise in the media?
Search engines account for something like 2% of my traffic. The vast majority of my traffic, like any other site with over 5 million pageviews a day comes from word of mouth, and repeat visitors.
The services on your site seem to be offered at no cost to the registrants. Is there some advantage you have over your competitors that allows you to do this?
I've developed new algorithms that allow me to create a mega site for next to no cost. Several years ago I created algorithm that was thousands of times faster then the algorithm used in the 1990's to find a string of 22 prime numbers. At the time a professor used several super computers and hundreds of regular computers over the course of several years to find a record. I did the same thing on 1 computer in 2 weeks.
Fascinating! Are there any other sites you currently maintain, or is plentyoffish.com the only one?
Its the only site at the moment. I've got a few other sites I registered for friends so they could learn to do marketing/affiliate stuff. At this point i think 1 site is enough.
Any tips for those looking to create a profitable endeavor on the internet?
IF someone else thinks what you are doing is a cool idea I'd say it isn't... Find something no one else thinks is important and build up a site with big traffic in that area. Also keep in mind, sites that have low monetization today but have traffic may be the gold mines of tomorrow. In the internet world anything and everything will be monetized at some point and traffic is king.
Traffic is King- very wise advice, Markus. One last question- How do you find the time to maintain such a large commodity on the internet? Surely you must have some other interests in life besides programming and website monitoring?
It only takes a hour a day on average, but its very tiring work. I spend the other couple of hours reading and seeing what is going on.
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