Posted on February - 02 - 2010

Fast Track to Financial Freedom: Boost Your Internet Research Business Know-How

Undeniably, being the typical employee who rises up at 7 AM, drives to work at 8 AM(traffic problems and all) and working under the not-so-pleasant scrutiny of the resident of the corner-office (namely, your boss) does have its perks. It is reassuring to know that as a regular employee, you will receive an X amount of money in X number of days, usually monthly. With this sense of security though, comes the knowledge that you will never receive more than that usual amount, unless you give up your social life and have dinner in your cubicle for that precious overtime pay.

Now, most people dread and live the scenario above. Thank goodness for internet research. You can get to earn extra money at your own pace. You might be wondering how profitable a venture into the internet research business would be. Note that virtually everyone who has access to the internet, goes online for a reason. Sometimes people log in to play online role playing games, to have fun at recreation sites such as online casinos and sometimes, to interact with others via social networking and the likes. However, the internet provides much more than that. More and more people are buying and selling stuff online. Also, more and more people go online to find out about something – a product, a service, a game, a place – anything! That is the need that an internet researcher would take care of, for a price, of course. A researcher, especially a skilled one, can look up information that the average netizen would have had a hard time finding.

Here are some things that you might want to keep in mind if you are interested in starting out:

Starting Up

The beauty of an internet research business is that it requires minimal initial investment. You do not have to purchase any equipment because your good old personal computer would do. You also do not have to set up a fancy office at some commercial block downtown because you can get and meet clients online. You might need to advertise to attract potential clients which, and herein lies the problem. What you can do is you can establish your reputation first by freelancing under the wing of a well-known internet research firm.

Sources

There are numerous companies that are in need of people to provide them information. You might be requested to take a look at a competitor’s promotional events, look up statistical information about a target market, or even check into product reviews. This means that you would have to have good general sources, or else, you will find yourself spending an entire day digging. Different companies require different types of information. It would be handy to have your sources bookmarked.

On misinformation

The internet is swarming with information, and it is up to you, the researcher to find out which among those is relevant and reliable. While there is a lot of factual information on the internet, there is also a lot of misinformation. You can verify information by looking up the publishers and authors of the information or article you accessed. One fool-proof way is to stick to the most official sources such as encyclopedias and government websites, as much as possible.

Watch the Project Details

When a research project is assigned to you, you will be provided with some sort of outline. For example, your client might want statistics or a product review. Make sure to clarify anything that sounds vague before you go ahead. It will save you valuable time. After your research, you would need to compile and present the information in the format that your client required. Most of the time, you will need to use a word processor, and sometimes you might need a spreadsheet, especially for statistics and tables.

Information is powerful. It can make or break a company. That’s why companies are willing to pay for the right information. With an internet research business, you can get your hands in the golden pot that is the internet.

Posted on February - 01 - 2010

Investing in the Right Countries

Even if you’ve already joined the mad dash to diversify into foreign stocks, you may still have a warped view of the investing world.

In Saul Steinberg’s famous illustration for a 1976 cover of the New Yorker magazine, a few blocks of Manhattan loom large and the rest of the world looks tiny.

Today, his picture might be called “Portrait of the American Portfolio.” U.S. stocks make up only 42% of the value of all the planet’s equity markets. Yet the average American investor keeps 72% of stock assets here in the U.S., a preference for local companies that’s known as “home bias.”

And when American investors do go abroad, they treat the world as lopsided.

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Posted on February - 01 - 2010

Economic Tidbits: Volker, SIGTARP, Wells Fargo and Goldman Sachs Bonuses

Paul Volcker wrote a lengthy Op-Ed in the NY Times this weekend without really saying anything. He didn’t lay out rules for how he wants to reform the banks, rather, he reiterated obvious statements that we in the blogosphere have been railing about for 18 months, like:

To help facilitate that process, the concept of a “living will” has been set forth by a number of governments. Stockholders and management would not be protected. Creditors would be at risk, and would suffer to the extent that the ultimate liquidation value of the firm would fall short of its debts.

I mean, I agree with that concept, but it’s a “no shit sherlock” kind of reform. Vol Read more…

Posted on January - 29 - 2010

Automated Forex EAs: Latest Approach Towards Foreign Currency Trading

Forex Trading has been marketed to the average person as his voucher to financial independence and unlimited wealth. With the introduction of so-called veteran trading chat rooms, real time market data, instantaneous trade execution, and trading on the news, there is an enormous amount of information feeding to your home PC or laptop by the internet. The Forex trading claims to provide full time self employment opportunities with a gargantuan payday everyday. This is a dream come true for want-to-be traders.

The objective of an investor in Forex trading is to gain from daily foreign currency fluctuations and from investment in currencies on the international markets.

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Posted on January - 29 - 2010

What the iPad Means for Your Wallet

Phew! Thank heavens the iPad is coming. Solving the economic crisis should be a breeze — it has an app for that.

Apple ’s new all-singing, all-dancing hand-held computer is the talk of the moment. Even thousands of miles away in London, when I staggered off the redeye Thursday morning, the front pages showed a gaunt but grinning Steve Jobs clasping his latest creation.

But if we can hack our way through the hype, what are the financial implications of this latest techno marvel — for consumers and for investors?

Look out: The iPad may cost you around $1,000 after all.

Yes, the headlines note the prices will start at the low, low level of $499. Mr.

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