What is a money circle?

Money circle is a group of people that comes together, pool resources and knowledge in other to achieve a financial goal. Typically, the objective revolves around saving money, access to cheap money or investing money.

Takeaways: Money circle

Money circle is a great way to connect with people while achieving your financial goals. That’s why most successful people are in somehow part of a  circle. Members support each other and push each other to achieve financial freedom.

Advantages:

  • Meet new people and connect on a personal level
  • It is important to acknowledge that you can build substantial wealth through money circles.
  • Access to financial products for people with no access to traditional banking.
  • Thorough background check on each member
  • Strong sense of commitment from each member

Think of it as a credible alternative should you need a space where you can talk about money.

How does it work?

Generally, there are no typically rules. But you need to take some precautions. But in essence, the goal is to find people you can trust, set a weekly, monthly meeting date. During those meeting, you discuss all your money issues, share ideas, give an account of the current situation and give your contributions. if the circle is focused on investment you will meet your broker and he will give you an update.

More often members end up building very strong personal ties that last for a very long time. You can start with your close family and your community before expanding.

Learn more about money circle

Perspharp you want to skip all the learnings and jump directly in the most interesting part. Yet you need assistance to implement one or multiple money circle around you.

  • Then take this course instead. It will teach how to run a program near you and make a decent living of it.

How to Make Money with your Blog in 2019 | Why I stopped Ads?

Make money blogging

How to make money blogging? That is the beginner concern. Let’s face it, you heard about amazing stories of people making a ton of money with their blog. Indeed successful bloggers take home a good paycheck every month. It is a good passive income. Typically you will be advised to start with running advertisements then follow by the other income streams. In this article I will explain why starting with ads is the wrong strategy to start monetizing your blog.


How to start a blog

  1. Choose your domain name.

Frankly speaking, the domain name doesn’t even matter. So don’t spend hours reflecting, brainstorming on a name. When it comes to naming, the way you build your brand is more important. Host: Great blogging platforms such as WordPress are seamless. But you can find great hosting options. Blue host is definitely the most popular.

     2. Blogging platform.

It is essential to choose the right blogging platform. They are multiple platforms in the market place. Choose the right one will help you set things right. More it will provide you with a seamless experience. WordPress is undeniable the best blogging platform. Million of people use the platform for blogging and website.

  3. Design your blog with a theme.

Good, feel, simple and look help your blog stand out. You want it to look a specific way. You want it to feel exactly how you picture it without necessary writing a line of code. We recommend investing money and time to get the right theme. Then you will own it for life and benefit from good after-sales support. At edulers, we use  Hive from Pixelgrade. Head here to browse their amazing assortment of themes. There is something for anyone.

Once you’ve selected your theme, continue turning it. Till you get the look you are looking for. Set up google analytics to monitor your evolution.

 4. Select the best plugins for your blog.

Google Analytics for WordPress and Yoast SEO for start. If you really want to play around with some cool plugins, you can find them at wb beginners.

5. Content.

I will recommend before starting with your blog setting. Once you’ve identified the domain name. Prepare on the side some few contents. Compelling contents you want to talk about. Then start publishing immediately.

6. Promotion

Promote on social media, ask your family and friends to share your contents.


How to make money blogging | How run I stop running ads?

When I started blogging, I quickly ran into a roadblock. Despite my efforts, I made only $6 in total after 8 months in ads revenue. Granted, my traffic was not great. Probably this can be a possible explanation. But I was frustrated and angry. I followed all the instructions and the step by step manual on how to create a blog. Later, a step by step guide on how to create contents. Finally, in the manual how to make money blogging, the first step is to run ads. Usually, I was told the first 6 months you can expect at least $100.

Faced with the fact that it would take me forever to make a decent amount of money with my blog. At least enough money to pay for my blog expenses. I decided to embark into an exploration phase.

  • Exploration phase

I started looking around the web to see how many blogs actually run ads. First observation almost all the authority blogs I visited have a store or sell some sort of product. Whether it is by affiliate marketing or owned branded products. Some don’t even run ads and those who run ads have a premium version.

  • Analysis phase

After those observations, my next question was simple. More of an arithmetic appreciation.

    • What is the average conversion rate on a typical blog? 2% to 5% according to WordStream in this article.
    • So if you have 20 visitors per month chances are 2% could buy a product from you. That is 1 person.
    • I look at the revenue generated in 6 months and the number of total visitors approximately 3100 visitors. That is 62 customers that I didn’t capture. An average of 6 per month.
  • The awakening

Then I asked myself if I was selling any product online. I could have sold already 62 at 20% margin. In any circumstances that could be higher than my meager $6.

  • Redirection

I decided to add a product to my blog and stop running ads. Moreover, running ads ruin sometimes the reader’s experience.

Conclusion: How to make money blogging

I spent so many months working on building and developing great contents and improving my blog. While I could have spread my effort on building contents, focusing on selling a product or service as well. Those are lessons learned.

Definitely, nowadays a blog that builds its monetization strategy around advertisements will simply find it extremely challenging to make it happen.

The way forward: How to make money blogging

If you are thinking of starting a blog, or you have a blog but don’t make any money. Consider selling a product or joining an affiliate program or any other income stream away from ads on your blog.

Do that from day one.

You need to make money to keep your blog running and keep you going. Waiting will not help you. Moreover, when you have a product online, it motivates you to drive more visitors to your site. Consequently, as you start thinking about creating a blog also put in efforts and time to come up with a monetization strategy. The sooner the better. The only exception here is a news blog. Even then it is important to have a monetization strategy away from ads revenue.

Recommended source of income from the first day of blogging:

  • Affiliate marketing
  • Online course
  • Sponsored advertisement
  • Sell a digital product
  • Speaking
  • Coaching
  • Books
  • Patreon
  • Request for donations with PayPal

In the nutshell be creative about your source of income and start planing that as you build your blog. Running ads on your blog should not be the first income stream that comes into mind.


5 extra tips to improve your income

  1. Use as many income streams you can reasonably manage. Diversification is key.
  2. Excellent content is the key to long-term success. There’s no way around it.
  3. Each blogger has a different combination of income streams. There is no “right” way and that’s the beauty of it. There are endless possibilities. Find a combination that works for you.
  4. Don’t be a clone of another blogger. Find a unique angle.
  5. Successful bloggers don’t start a blog just to make money. Instead, they blog about a topic they truly enjoy and can write about for years. They let the money grow out of that topic organically

How to make a budget : The saving canvas class

How to make a budget? This question is extremely tricky for most people.  That is why we came up with the saving canvas. However, It is important to stress that the tool main goal is to look at your spending holistically not just from a monetary standpoint.

How to make a budget: Course overview


    • Definition of a budget?
    • Definition of the saving canvas
    • The saving canvas vs other budgeting templates
    • The different part of the saving canvas
    • Understand the saving canvas blocks
    • Building a saving canvas with an example

Methodology:

The course is online and you can take at any time and everywhere.

Become a student: Enroll in the budgeting class

After you attend this course, you will improve in your budgeting. Moreover, this course will equip you with an entire perspective when it comes to making your budget.

Cost: $199 (or 3 payments of $69).

Sign up


Questions

  • Subject: The saving canvas class
  • Email: educatorslearners@gmail.com

 

Run a money circle program : A great opportunity

Money circle program has been exciting for ages. Yet we designed our service to help you to set up a fully functional money circle. That is why we address all the challenges that come up with the program.

Commitment 

Minimum of a 01-year commitment

Overview of the implementation of a money circle program:

  • Set up a fully functional program
  • Play an active role throughout the contract
  • Provide legal advice and coverage in case of any issues
  • Interview and assessment of all applicants
  • Provide a reliable and credible financial advisor
  • Dedicated expert to keep all members on track with their respective obligations

Cost structure:

  • Initial consultation fees for 1 hour: $100
  • One time fees depending on the number of expected member
  • Every meeting: Price start from $10 per member

Sign up


Should you have any questions about the program, don’t hesitate to send us an email.

  • Subject: Money circle class
  • Email: educatorslearners@gmail.com

How to start a money circle : General class

Money circle brings like-minded people together. They pool resources and help each other achieve their respective financial goals. In this class, you will learn the fundamentals. In addition, you can go further by running a program. the program is more than just group friends.

Course overview money  circle class


    • Welcome to the course
    • Definition
    • The importance of a being part of a circle.
    • Different types of circles.
    • Lending circle
    • Saving circle
    • Investment club
    • Learn how to choose the right circle
    • The legal framework
    • The advantage
    • The drawbacks
    • How to set up a circle?
    • Working with professional services

Become a student: Enroll

After you attend this course, you find a whole different perspective in life. It would help you assess how you can leverage your community to improve your financial prospect. More money circles are a great way to turn your financial fortune around.

Cost: $399 (or 6 payments of $70).

Sign up


 

Questions

  • Subject: Money circle class
  • Email: educatorslearners@gmail.com

 

 

 

How to Write a Check

A check is a legal written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer. In addition, it is an indispensable skill every adult should master. Because it is still surprisingly very common even in today’s ultra digitalized world.

Writing a check is pretty easy, this article will show you exactly how to do it. Just follow the step by step guide. There is no specific order you can complete it in any order you like.

How to Write a Check: Step by step

  • Step 1: Write the date

On the upper right-hand corner, there is a dedicated blank space. Typically, you use today’s date to keep accurate records. However, always remember the date here should be the date that you sign the check.

  • Step 2: The name of the recipient or the payee

“Pay to the order of” write the name of the person or the company you are sending the check to next to that line. Also, do avoid any mistake, if you are not sure about the person’s full name ( first name, middle name, last name, ‘Jr’ or “sir”), please double check again before writing. If it goes to an organization write out its full name, not acronyms unless given permission.

  • Step 3: Numerical amount of the check to the right of the dollar sign

write the exact amount using dollars and cents in the small box on the right-hand side. Consistently, start with the last number on the left to prevent fraud. Finally, draw a line after the last digit.

  • Step 4: Amount in words below the “Pay to the Order of” line

The exact amount should have an equivalent in words to avoid fraud and confusion. This is the amount that would be paid. Yet in case of doubt with the numerical amount, the amount in words is legally abiding.

  • Step 5: Signature

Sign the check in the bottom-right corner. Use the same and the signature on file at your bank. The check will invalid if it is not signed.

  • Step 6: Memo section on the bottom left of the check.

Although this section is optional. It could be useful to write a note for yourself to remember what the check is for. In addition, some organization or landlords require additional information on the memo section.  For instance rent appartment#1 or ID number. Because it helps keep track and accountability.

11 Things to keep in mind

  1. Write a check when you absolutely need it. That is because it is time-consuming and it is not the most convenient way to move money. Furthermore, you can save money and time by not using a checkbook.
  2. Make sure you have sufficient fund in your account before writing a check or the amount will be available before the recipient cashes it to avoid a bounced check.
  3. Keep a record of all your checks: it would help you track your expenses and avoid bounced checks.
  4. Use a pen when writing a check to make it permanent and avoid any issues.
  5. No blank check: Don’t sign a check until you’ve filled in all the necessary information including the recipient and the amount. a blank check is basically given unlimited access to your account.
  6. Print the amount in a way that prevents scammers from adding to it or altering it.
  7. Get checkbook with carbon paper so you can automatically keep a record of every check you write.
  8. Always use the same signature for all your check and it has to be the same signature filed at your bank.
  9. Avoid writing a check payable to cash. It practically the same as a blank check.
  10. Write fewer checks. Use this method of moving money when it is absolutely necessary.
  11. When writing your check make sure nobody is recording. The goal is to avoid people imitating or forging your signature and your handwriting.

How to cancel a check

When you realized that a check was stolen or lost, there are some few steps you can take to ensure the check doesn’t get cashed by an unauthorized person.

  • a. Call the bank to ask them to stop the payment immediately as soon as possible before the check is processed.
  • b. Prepare the following information check number, amount, name of the beneficiary
  • c. Make sure you send in within typically 14 days official paperwork either by mail or in-person to follow up with the verbal or electronic request. If no written confirmation is made within the legal time frame the stop payment will not be honored.
  • d. Be prepared to pay cancellation fees normally around $30
  • e. Close the account that has been comprised and reopen a new one to avoid unauthorized access to your account.

What to do if a stolen check has been cleared?

  • If a stolen check goes through, you can still be able to eliminate charges by contacting your bank in a timely manner.
  • Contact the recipient to inform the person or the organization about the incident and the necessary measures. Eventually, make arrangement to send a new check.
  • The cancellation also applies to a cashier check as well in case of fraud.

ORIGINALS

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What is Dropshipping?

Dropshipping is an order fulfillment method that doesn’t require the store owner to keep inventory. Instead, when a retailer sells a product, it passes the order to a third party who then ship directly to the customer. Consequently, the retailer never sees and handles the product.

That is why in dropshipping the retailer purchase inventory as needed. from the wholesaler or manufacturer and the later fulfills the order. Thus there is a seamless integration between the retailer’s system and a third party.

Takeaways:

It looks like the easiest method in the retail industry because you sell another person’s goods and you get a commission. However, if you factor in all the disadvantages, challenges and day to day management. It is not as easy as it looks.

But if you with the right strategy, the methodology and patient it can help build a very successful business.

Benefits of dropshipping:

  • Less capital

This is unarguably the most decisive advantage of dropshipping. That is because you don’t have put upfront thousand of dollars for stock building. You only purchase a product to resale when a customer has already purchased and paid. In addition, order fulfillment is not done by you.

  • Low overhead

No inventory management and no physical stores. In fact, all you need is a home computer for less than $30 a month to make money from home.

  • Location doesn’t matter

You can run your dropshipping business from anywhere around the world. All you need is an internet connection. As long as, you keep the communication flowing between your supplier and your customers you are all set.

  • Easy to scale

Businesses that leverage dropshipping scale very well and rapidly compared to traditional eCommerce businesses. Since most of the work is handled by a third party. Further, because it is an online business the reach is worldwide.

This model has a lot of strong arguments that make it very appealing for everyone. However, it does have quite a few drawbacks that come with this convenience and flexibility.

Disadvantages of the model

  • Low-profit margin

This is the biggest disadvantages of this eCommerce model. Because it is so easy to get started with relatively no barriers for entry and an overhead minimal cost. Irrespective of the site quality the competitive environment drives prices down.

  • Highly competitive

This is because of the low cost of entry. In addition chances are you don’t have an exclusive contract with your supplier. That means many merchants selling the same products as you. Price point becomes, in this case, an element of differentiation and competition.

  • Supply chain issues

In this model, you don’t control the supply chain process, from sourcing the product to shipping it to your customer after purchase. You are essentially trapped and hoping the supplier or the fulfillment center addresses any issues with the product while providing an excellent customer service that’s out your control.

Above there are also problems related to the quality of the goods. Since as a dropshipper you don’t have control over the shipment. So shipment error can really damage the brand.

  • Legal liability 

This happens when suppliers illegally use a trademark logo or another company’s intellectual property. Thus affecting your brand.

Conclusion

Usually dropshipping is perfect for an established brand with an already existing customer base. But if you are starting from scratch you need to be fully aware of the pitfalls and the time needed to build your business. Virtually it looks appealing but in the long run, it requires a lot of work. If you pass that stage of implementation the business can prove to be extremely lucrative.

 

 

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