How Should I Create a Passive Income?

Got a 9 to 5 job? Been going to work everyday? Do you exert too much effort for your tasks? Do you spend even your break time fretting over your toils? Are you exhausted physically, mentally and emotionally? All these and you still get the same old meager salary you received the other month!

Don’t you just want to wake up on a Monday morning with a big smile on your face and enjoy a hearty breakfast afterwards? Don’t you just want to laze around the house, without stress and worry, knowing your bank account will have a long way to go?

Read on then.

You need to put together your acts and take the way to earning passive income. Passive income is a way of generating revenue with minimal effort from your part. It is earning more by working less! Don’t you just love the sound of it?

There are just a few initial pointers for you to build a good foundation for your passive income resources. Invest some of your time and money to prepare on any of the following or for all, and wait for profits to rake in 24/7.

1. Website – Create a passive income through your own website. Of course, we’re talking online; your website is a must. Invest on the appearance, content and popularity of your website and after that, moving for ways to earn passive income would come easy. Bank your expertise and knowledge on your website to achieve this goal.

Once you’ve got yourself a considerable amount of regular visitors, you can move for a membership site. The members will be charged a monthly fee to access the website. They would be willing enough to do so, considering the expertise and knowledge you’ve established.

2. Affiliate Programs – Create passive income from selling. You can have products of other companies sold through your website. All you have to do is find a company that sells products or services related to the theme of your website and link. The company will do everything, from supplying the product, pursuing the sale and shipping. You get commission for every sale made! Better yet, look for a company that gives higher commissions!

Create passive income also with the affiliate programs by sending out e-mails to everyone you know. You can send out e-mail to every person in your mailing list to check out the affiliate program. Create a good message and send. If someone in your address book gets interested, clicks on it and buys, you’ve got yourself a check at the end of the month!

3. Search Engines – Create passive income by hosting a search box on your website. This would again require a website that gets countless hits in a day. Then locate a search engine that would pay to have their search boxes posted on your website. Whenever a search was done through your website, you get more dough in your bank account.

4. Online Products – Create passive income by coming up with your own software product or e-book. If you’ve got some unique talent or valuable knowledge to share, earn from it. All you have to do is organize that skill or knowledge, craft it into an e-book or software, afterwards, sell it online. This would not cost you much. Just make it accessible to the people out there thirsting for knowledge.

5. Advertise – Create passive income through advertisements. If you get to attract many visitors in a day, you can have ads and banners posted on your site, for a fee. Create passive income also through advertising in your software, e-book or newsletter. Once you’ve set up the ad, you can expect your monthly pay.

No sweat? Actually, it is really easy. You don’t have to spend all of your time on it. Come to think of it, you just have to put an initial outlay of time, effort and a few bucks.

Creating passive income would surely more than to be thankful for. Think of the free time you will gain and on what you would be doing that moment! You will have more time for yourself, more time for your family, more time to go out with friends, more time to play at the same time, you will have more money!

So, go ahead, do some serious work for just one time, maybe just one night, and after that, you can just sit back, relax and enjoy!

Immobilienmakler Heidelberg

Makler Heidelberg

Ecommerce Software For Successful Online Business

The traditional concept of doing business has gone through a sea change with the World Wide Web taking over the business arena. The internet has become the new virtual space for doing business transactions for all kinds of products or services that sell online. Owners of marketing or business websites deploy ecommerce software to enable smooth business transactions as well as make optimum profit through the various advantages that these software offer. Ecommerce or electronic commerce have multiple benefits which enable the business portal to increase profits through secure payment transactions, enhanced user experience, scalability, advanced technological compatibility, stability, and more.

The multifold benefits of ecommerce software have led more and more people across the globe in choosing the internet as their business platform. With all its other benefits the customization feature has further popularized the use of ecommerce software, which supports unique business procedures and their varied business requirements and workflow to buy and/or sell online. Although each software has its own unique features to enhance the business profits, there are certain advantages which are associated to almost all such software and are considered to be the primary reasons behind their popularity.

One of the primary factors that have contributed to the huge popularity of ecommerce software is the safety that it offers to its customers. Be it making online payments through secure payment gateways, or securing confidential personal information of every customer, such software plays a key role to determine the success of the online business. Moreover, refund of damaged products and timely deliveries also offer a feeling of safety and assurance to the customers, which again is one of the major factors to gain customer trust and popularity. Irrespective of the size and nature of the business, the growing number of people intending to buy or sell online stands as a testimonial to this.

Ease and convenience of doing business is again one of the most dominant reasons for people choosing the internet as their business space. Both the buyer and seller can do business through simple mouse clicks from the convenience of their homes. Moreover, for people who are new to online business, ecommerce software offers a great way to gain confidence and establish their new ventures without running around here and there. While sellers can project and present their products or services to a greater number of audiences across the globe, the buyers can use the internet to browse through various websites and compare the features and prices of items they intend to buy. This saves a lot of time, money, and energy which they would otherwise need to invest if they choose to go by the traditional mode of buying or selling things.

Advanced technology is another aspect that has brought the internet to every household today. When convenience and security is combined with high end technology, it takes the experience of doing online business to a different level altogether. Ecommerce software provides this technological edge to your online business which enables you to handle your business from anywhere in the world and at any point of time. Unlike traditional businesses, you can be away from your home on a holiday and still continue earning money through your online business. As for customers, technology helps them to avoid time and space constraints in terms of placing their orders. Technology allows them to place orders from anywhere even at the middle of the night and get it delivered at their doorstep at the specified time.

Ecommerce software offer complete solutions to market your business campaign and increase traffic, improve search engine optimization rankings, and design websites. They also provide business specific as well as general features to enhance user experience to buy or sell online, make website more potent in converting customers to potential business leads, and can be customized as per individual business needs. All this provide online business an edge over traditional business procedures and ensure maximum profits to buyers and sellers alike.

With a continuous rise in the online shopping industry the use of ecommerce software is also increasing every day. Now, every other day a new software is launched with new features and cutting edge technological benefits. More people are investing on online businesses and reaping the benefits of these software packages. The constant development of new software packages and their advanced features has led to a healthy competition among the online business industry. This has proven to be extremely beneficial for the buyers as now they have several options to choose from and customize the software according to their unique business needs. Also, this growing competition offers cost effective solutions in terms of buying and deploying the software.

Immobilienmakler Heidelberg

Makler Heidelberg

Factors that Contributes to Cost of Building Projects in Nigeria

(1) Location

The location of a building inadvently contributes a lot to the high/low cost of building. The Nigerian case for class has a long way of affecting cost of building generally, especially Lagos.

What happens in our urban areas is class segregation, a case whereby you were once poor and fits for the slums and outskirts or other areas that are less prime, and suddenly your economic purse changes, the first thing that happens to an average Nigerian is to relocate. Why? because he believes that is where is class is, the only place fits for his children’s education, his business e.t.c

There is the general belief that when you move among the high and mighty yourself, you get more connected to where money is, and the probability of getting contracts is there. But people fail to realise that you can connect to anybody and makes friend more easily in today’s ICT age without relocating.

Hence you see when a place is designated as Government Reserved Area, what usually happens is the influx of the rich and this turns even a terrible and non-developed land atimes to prime lands overnight just because of class and oppressive nature of the rich. The building artesans/workers ends up charging more when you are building in those area because of the influx of moneybags. So you will end up spending more money and you won’t get the land cheap either.

(2) Type or Nature of Soil

This is where a lot of people gets it wrong and shoots themselves on the foot when planning on building projects. Soil types, strong, mild or very strong generally affects the overall costs of the building.

soils are classified under five main headings.

1) Rocks, which include igneous rocks, limestones and sandstones

2) Cohesive soils, such as clays where the constituent particles are closely integrated and stick together.

3) Non-cohesive soils, such as gravels and sands, whose strength is largely dependent on the grading and closeness of the particles.

4) Peat which is decayed vegetable matter of low strength with a high moisture and acidic content.

5) Dump site or made ground which may contain waste of one kind or another and can cause settlement or stability problem.

When building your house the nature of soil on your site will go a long way in affecting your purse. Find out if the land is the good loadbearing type and you will cut cost. People digging your foundation will not need to dig so far, and foundation concrete you will also use will be minimal in comparison to weaker soils. Dump site is the worst place to use because you will need to remove the debris, else your foundation will be affected and this will cost you more. The stronger your type of soil the lesser the amount of money you will spend.

The topography or level of your land also is very important for you to spend less, in a case where one portion of your site is very low to the other, surely this will take you more money to manage in terms of either block or split-level constructions.

Make sure you get to the exact portion of the land you are being proposed to, because if you by oversight or carelessness buy a damp site, you will need to effectively drain the water to increase the stability of the ground, to avoid surface flooding, and to avoid dampness of the surface of the inner walls and basements, and also to remove humidity in the immediate vicinity of the building.

I have fallen into a mistake like this before so I know what it may cost you if you do same. Firstly, you may have to fill the land and spend more money, though when you were buying the land in question you paid so less and you were given the impression, that you won’t spend more. But you will regret unless you are so rich, I have seen a first hand experience on this, that is why when buying a land is better you buy in the rainning season to give you the opportunity of accessing the site in question. A client once bought a land so cheap but in a very low area, which makes his land a runway for water drainage, you need to witness it when rain is falling yourself, then you might appreciate what I am talking about, strong water currents mind you can overturn a house.

A waterlogged ground will also require reinforcement or iron and concrete which ordinary bungalow in a strong and clear area will not need.

(3) Access to infrastructure

Proximity of land to good infrastructures like road, water, electricity and others goes a long way in affecting the cost of building a house. You may not know, if a tipper can not get access to your site, you will spend 50% of the money you could have used in bringing materials to your site on labour that will carry them. For instance carrying blocks to the site where is actually needed.

If water is close that is also an advantage. But this also have is own negative effect on cost of land, but at the long run it is better to buy where all these amenities are in place.

Note: consider the cost of running your own pipe, electric poles and grading or clearing the road.

(4) Traffic Access

The human and vehicular access just as explained above can be of great benefit and the influx of people to places like that can also leads to high cost of construction.

(5) Taste, type and Size of Design

High taste demands high cost, your class or status may most likely reflects on the kind of building you want, the type of electrical fittings you want in your house to cater for your utilities, air-conditioner, e.t.c your plumbing fittings to cater for jacuzzi, spas, bathtub, swimming pool e.t.c and other fittings for your comfort and convenience may cause your building cost to rise.

The type of building entails either it is a simple 2,3 or 4 bedroom bungalow or it has to be a duplex/manssionnete. Generally, it costs more to build storey buildings because of the cost of completing concrete floors to just acquiring more lands and building on them for the same numbers of room.

In terms of size the rooms size, the kitchen and other purpose area sizes may even make an ordinary 2 bedroom flat for you to be costlier than another man’s 4 bedroom flat. Then talk of additional utility rooms like study, game rooms, prayer room, extra living e.t.c.

(6) The Menace of Omo Onile (Land Owners)

There are cases of „Omo Onile“ trying to outstretch the buyer even when you have paid them their illegal entitlements. Some can go as high as making you repurchase your land again altogether. What of the selling of Government acquired Lands to unsuspecting buyers, this is very, very common in Lagos, God saves you if the Government wakes up one day and decides to ask for their land, you will count yourself lucky if they only ask you to pay or repurchase the land. What if they ask you to evacuate altogether and your building completely bulldozed.

(7) Proximity to Institutions

Educational, Health and Religious institutions dots our landscape but what most don’t realize is that they invariably raises the cost of getting lands in their localities, because of influx of people going in and out of these various institutions, commercial activities are always affected positively, thereby bringing business opportunities to those in the locality. An obvious example is Canaanland Ota in Ogun State. You can see the visible increase of properties in this once a forest suddenly turned to haven of investors, and buildings of all manners springing out.

(8) Commercial Viability of the Area in which Building is Constructed

(9) Quality of the priofessionals and artesans involved

If you use quacks for your building project,yes at presence you will spend less but be aware that before the house is completed or after ,you will spend much more if you refused to use a professional. Talk of the cost of maintaining your house after parking in,the quality of the design that an architect could have easily given to you cheaply ,what of the structural disposition of the building that a civil or structural engineer could have given you for extra peanuts or a quantity surveyor that will cost your building and knows if you are heading for the rock ,or the builder that would have made sure your drawing plans is properly represented or executed and standards are not compromised .Get a professional in the field and let him recommend an artesan -bricklayer carpenter e.t.c to you or you get one by yourself or one that was recommended for you .you then must make sure you check his old jobs and confirm that it is good’or tell your professional to follow you and access the persons past job, he should be able to point to one.

(10) Materials

building materials also contribute immensely to the quality and cost of house immensely ;from what you used in foundation to the materials of roofing ;there is always an array of prices . Even cement bags are of different prices ;What of the blocks ;they also depends on quality; some can sell theirs #10 to#20 difference from others because of the rich cement mixture ratio and the type of sound, while others could just double the price of lower quality ones. For example „BECO BLOCKS“ price is usually double the common ones around in Lagos.

I guess you know even in roof there are categories also from the ordinary asbestors roof to the modern aluminium the prices always varies.

(11) Quality of finishes

there are different types of finishing which also raises an issue of taste and money to be spent .Even painting atimes can cost more than what is required to buy major materials in another persons building. With the advent of more technological breakthrough in building accessories, where you can now have bullet proof doors and windows with metal detectors, with furniture companies coming out each day with new innovations, there is bound to take into serious considerations the cost of finishes in overall costing of your house.

(12) Aesthetics

The beauty atimes goes along with the complexity of a design, this you may not know affects the cost of building a lot, especially when the walls of building are not aligning and the roof are also complex this may raise the overall cost of the building.

(13) Time or Duration

When a building is taking long time to complete, there is the tendency of spending more at the long run. Consider materials that would have gotten spoilt due to long delay of use on site, what about woods that are left for rain to be beaten, cement that have gone bad, there may be need for some replacements on site anytime you go back to continue after a long lay off.

(14) Inflation

Unstable economic conditions and rise in fuel products also affects building indirectly by multiplier effects. Remember vehicles that uses fuel are needed to bring materials to site.

(15) Security

When the place is close to a police station or is noted to be generally very secured, houses in this area will always go high up.

Immobilienmakler Heidelberg

Makler Heidelberg

Raise Money For Investing Using 11 Poor Man Strategies

Unlike many of my financial blogging peers, I got street cred (credentials) when it comes to having been poor. When we first arrived in San Jose, CA back in the early 1980’s, my family lived with another family until my parents were able to save to rent an apartment. The house we lived in was a typical three bedroom, two bath home, situated along McLaughlin Avenue. My parents were friends of the adults who rented this home. They knew each other back in Chihuahua, Mexico.

Things didn’t get any easier once my parents were able to rent an apartment. All they could afford despite both of them working full-time was a one-bedroom on Sunny Court. My sister and I slept in the living room. Food wasn’t always abundant. I recall many times there not being much to eat and school was where I had my only steady meals. Clothing was bought on an as needed basis at the thrift shop. Shoes came handed down from friends or if money had been saved, from Payless Shoes.

Living month to month back in those days was stressful, even for a kid. There’s nothing worse than your parents visibly trying to make ends meet and you not being able to help. Back in Mexico, I’d have gone out to the streets and sold gum or shined shoes to bring in cash. But in the United States, there are laws… child labor laws. You also need to be able to speak the language in most cases. At that time, I had just begun to learn English.

I am not embarrassed to admit that as a kid I dumpster dived, stole from supermarkets, and worked clean-up jobs for adults around the neighborhood. Anything to help my family out. I’m not proud of the acts that were illegal, seeing them as avoidable now with adult eyes, but as necessary to me back in those days. Life without regrets is no life at all.

From my experience, I am able to offer you today ways of raising money that may be widely known among poor folk, but not so much among middle class folk. Okay, perhaps my middle class brethren do know of the following ways they too can raise money, but may see it as „beneath“ them.

Most people perform these actions because they are in need of money to pay bills, eat, and survive. I have done these simply because I wanted cash to invest and wasn’t willing to use leverage (debt).

1) Store aluminum cans and glass bottles instead of placing them in my recycling bin. After four months, I take these in to the recycling plant in Oceanside, CA and sell them, making anywhere from $15 to $25. It’s not a lot I know, but multiply it by 3, and you have anywhere from $45 to $75 extra per year. Poor people don’t recycle; they look for cans, plastic and glass bottles, and sell them!

2) Sell something of value at the pawn shop for quick cash. I have sold watches I didn’t wear (gifts given to me for birthdays/Christmas) and electronics. Saves lots of time.

3) Sell stuff on Craigslist. Not using your bicycle any longer? Do a Craigslist ad and sell it to a private party. Find stuff around the house you no longer need and is of value to sell on Craigslist. If you have plenty of things but not of great value then do #4.

4) Garage or yard sale. Jessica and I have a garage sale at least twice a year. We rake in from our sold junk about $100 each time.

5) Sell a gift card for cash. What!? Yea… ever get a gift card with cash value and knew you weren’t going to use it? Sell it to a friend or go to the spot and scalp it. Have the person take the card in and get a balance check if they don’t trust you.

6) Sell blood (I have never done this… too chicken). Find your local blood bank and sell that plasma!

7) Sell your hair on eBay. Yes, you can sell your hair online. I’ve never done it because nobody wants my hair, but if I had Fabio’s locks…

8) Got coins? Look under your couch cushions, your bed, dusty utility drawers, under your car mat, wherever. If you’ve been saving spare change, then it’s time to hit up the supermarket and find your nearest Coin Star machine. It’s easy to use. Just dump all your change and the machine will count every single penny, print you a receipt you can then take to the line and cash out, like a casino!

9) Start using coupons and take a break on organic. Poor people don’t get a choice when it comes to buying preservatives and crap free foods from the grocery store. For them, price is the selling point. But for us, we can opt for healthier foods from Trader Joe’s, for example. Not telling you to eat below your means, but if you want to save a little extra for a few months, this may be an option.

10) Take the bus or commute to work. This is an option we have that the poor may not have. A bus pass will run you about $30-$45, depending on the city you live in. You probably spend twice this amount, even with gas prices falling, driving yourself to work and back home each day. Like #8 above, this too would be a temporary strategy. Don’t want to sit among the poor? Convince a co-worker to get on your savings plan. Or if you didn’t sell your bike, ride it to work for a month.

11) Buy cheap wine. I used to buy $11-15 Cabernet Sauvignon. I’d drink about two bottles a month. Then I found Sutter Home Moscato and Cab’s selling for $3.99! Back in the hood I used to drink malt liquor and nasty beer. Now I’m all about cheap tasty wine and micro/craft beers. However, I have scaled back at times on the latter when on a savings for investing „program.“ You could brew your own!

Being once poor has given me insight most people at my level of wealth do not have. I can get into doing several of the options above without feeling uncomfortable or embarrassed. I am secure enough with my circumstances that to me, the above scenarios are optional ways of raising money for investing purposes only. But what about the people who have to rely on these money raising strategies to survive? I can imagine it. If this is your life, I can tell you one huge piece of advice: Stop blaming others and feeling sorry for yourself! This won’t help you one bit. Instead, start by creating a list of ways you can improve. Improve what? Here are some of the lists you need to make and brainstorm on:

1) Free ways I can improve myself (what I know and am able to do).

2) Ways I can improve my decision-making.

3) Ways I can improve what I spend money on.

4) Free ways I can improve who I know (emphasis is on finding money smart, „better off,“ people to have as part of your network). You can count me in as part of your network!

Immobilienmakler Heidelberg

Makler Heidelberg

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Immobilienmakler Heidelberg

Makler Heidelberg

Internet Marketing: What Are The Advantages?

Have you ever wondered why there are so many people starting an online business in Internet Marketing? What makes it so appealing? What are the advantages?

In this article we shall look at the advantages at having an Internet Marketing business and in particular one producing digital products rather than physical products.

1. Low startup costs

So what do you actually need to start an Internet business? Basically just a computer or laptop and a broadband Internet connection. That’s it! Therefore the costs to start an Internet business are very low and probably you already have those things anyway! In this case there would be no startup costs!

2. Work at home

There are also no overhead costs. All you need is a room at home with internet access! This can be anywhere in your home. It could even be in the local coffee shop!

3. No physical stock

With a digital Internet business that is providing just digital products such as ebooks, audios and videos, you don’t need any physical stock. Provided you have plenty of memory storage on your laptop and better still on a portable hard drive to keep it extra safe.

4. 24/7 Access

When you have an Internet business, you are able to reach a worldwide customer base. Not only that but you can also be making sales 24/7! This is actually a huge benefit and creates the potential for making big revenue.

5. Easy payments

All your payment transactions can be automated and set up very easily and securely.

6. Customer contact

It is very easy to keep in contact with all of your customers without it taking up a lot of your time. Providing your customers fill an opt-in form after their purchase, you will be able to keep in contact via email. This means you can build up a good solid relationship with them so that they are more likely to purchase further products from you.

7. Scalable

It is very easy to scale up your business by producing more digital products and also by easily creating higher priced products such as coaching and membership.

In addition you will never run out of stock, so it doesn’t matter how many people are demanding your products – you can always supply them!

If you are an organised person, creative and prepared to take consistent action then an internet marketing business is ideal.

Immobilienmakler Heidelberg

Makler Heidelberg

5 Kenya Real Estate Buying Tips

There are a range of Kenya real estate options to suit every type of buyer. These range from luxury beach homes which make for excellent second homes or vacation rentals, to villas, town houses and apartments.

Kenya is a reasonably big economy so besides Nairobi, there is a vibrant property market in Mombasa, Lamu, Malindi and Kisumu. Chances therefore are that you will be spoilt for choice when searching Kenya properties for your ideal home.

However, before you sign on the dotted line, ponder over the tips below very carefully.

1. Research the Neighborhood

When you identify a piece of Kenya real estate you like, drive or walk around the neighborhood. Is it lush and are there unplanned structures such as kiosks on the roadside?

Are the roads paved and how many alternative routes can you use to get to the city center? Does the neighborhood have a vibrant association that advances the community’s common interests?

Is your dream house near a shopping center so that you don’t have to drive to the other end of town to do your weekly shopping? If you have school-going children, how good are the schools in the area?

Is the house located near slums? The latter is an important consideration as it devalues your investment and may increase the incidence of crime. Although classified as posh suburbs for example, parts of Lavington, Loresho and Runda border slums so steer clear of these.

It may be a good idea to drive around the neighborhood at unusual times such as very early in the morning, after office hours and late at night to check out the traffic flow and the general environment in the neighborhood.

Some areas in the country are more prone to power and water outages than others. So walk into one of the local shops and ask about these issues so that you can make an informed Kenya real estate decision.

2. Do your Due Diligence on the Identified Property

Once you have thoroughly researched the neighborhood, it’s time to research the property at both the Ministry of Lands and the relevant city or municipal council.

Carrying out a search at the Ministry of Lands helps you to ascertain a couple of things…

First, the copy of the title will indicate whether the person purporting to sell the property is indeed the owner.

Second, it indicates the outstanding lease period if it is a leasehold property. It may not be wise to buy a property with a remaining lease period of less than 20 years. If, however, you will finance the purchase of the property with a mortgage, be aware that financial institutions will require a much longer outstanding lease period.

Third, any encumbrances on the property will be noted on the title. If, for example, the title holder has mortgaged the property, the mortgager’s interest will be noted on the title. As such, the property transaction cannot be finalized without this lender’s consent so you should plan to obtain this.

A search at the city or municipal council offices will help you ascertain whether all the annual rates have been paid. If there are arrears, the transfer of property cannot be effected by the Ministry of Lands as the city or municipal council will withhold their all-important certificate of clearance.

3. Negotiate

Negotiation is another important tip for getting value for money when buying Kenya real estate. Buying a house is, by all accounts, a major investment so do don’t be embarrassed to bargain. Try and lop a million or half a million Kenya shillings off the advertised price…

Timing is critical here though as it is easier to get a discount on uncompleted developments. Developers are keen to give considerable discounts when construction has just started in return for a substantial down payment. So, be prepared to pay substantially more than the 10 percent of the purchase price typically required upon signing of the sale agreement.

How much down payment you will eventually be required to make is entirely up to your negotiation skills so hone these in good time.

4. Identify a Good Lender

If you will be financing your home purchase with a mortgage, you need to research the mortgage providers in Kenya so that you pick the one who most meets your needs.

Several banks, building societies and mortgage companies provide 80-100 percent mortgages. These include Housing Finance, Kenya Commercial Bank, Barclays and Commercial Bank of Africa. In Kenya, mortgages typically attract variable rather than fixed interest rates but read the fine print to ensure that there are no hidden costs or oppressive clauses.

Obviously, before taking on a mortgage, make sure you can service both your existing and additional debt. This will avert that dreaded risk of foreclosure in future.

5. Hire a Good Lawyer

Lawyers play an irreplaceable role in concluding Kenya real estate transactions so you will need to hire one.

As with everywhere else, Kenya has a few wayward lawyers so choose your lawyer very carefully. If you don’t know one, ask your family or real estate agent to recommend a reliable one.

As an extra safeguard, do not grant your lawyer the power of attorney because this gives him a free license to do with the property as he pleases. So, you could be cheated out of your Kenya real estate investment.

Instead, set aside some money to have all documents that require your signature couriered to you. You will also need to courier these back. This may cost you a few hundred dollars and delay conclusion of the transaction by a few weeks but is well worth it to protect your interests.

Immobilienmakler Heidelberg

Makler Heidelberg

Recording and Selling Music 101

„Aside from the creative and technical aspects of recording an album, there are legal and contractual issues that must be considered before even entering the studio. The artist or label paying the expenses of recording must be sure that everyone is on the same page regarding whether fees and/or royalties are to be paid and, if so, how much is to be paid to each party.“

–Howard Hertz, Entertainment Attorney

Depending upon the individual focus of their practices, attorneys may take cases that involve Intellectual Property and Contracts in respect to the music industry. Very often, composers and performing artists are neophytes when it comes to the economic and legal issues of this industry. Therefore, in this article, we will address the basics of recording, manufacturing, and sales to break even on a CD of recorded music. I (Dr. Sase) will address the economic issues.

As well as being an economist, I am a musician who has released original music and has produced/engineered the music of other artists. In addition, I own and operate a small recording studio. For the legal elements in this article, we welcome Howard Hertz, Entertainment Attorney at Hertz Schram PC in Bloomfield Hills, MI.

For the benefit of our readers, we will keep the techno-speak and accounting math to a minimum. Instead, we will present the big picture and will offer a basic understanding of what is involved in this market. In this way, we hope to help attorneys to educate clients, family members, or friends who may wish to attempt a career in this field. (Some of our readers may be interested in putting out CDs, vinyl, and downloads of their own music.) Therefore, without ado, we present „Essentials of Recording Music“ for your reading pleasure.

Producing Recorded Music

In starting, it is good to make a „low-fi“ recording at every rehearsal and gig. Often, performers use a pocket digital recorder, the type employed to record lectures and meetings. As the newer digital models can hold six hours or more, one can turn it on and let it be. If the material and its performance sound acceptable under such primitive conditions, the recording passes the 1960s pocket-transistor-radio test. Importantly, any verbal notes about changes to song structure or arrangements will be included for future reference.

A digital video recorder serves well for the same purpose. In the world of the Digital Audio Workstation (DAW), the video recording also provides an excellent scratch track. Being able to watch and follow movement and changes frees musicians, producers, and engineers from the old mechanical-sounding click track and helps to achieve a more natural and expressive feel in the multi-track overdubbing process.

Led Zeppelin guitarist Jimmy Page acted as the band’s producer. He got massive drum sounds from drummer John Bonham by recording him in the hall of Page’s medieval home, Hedley Grange. Forests, beaches, living rooms, practice rooms, bathrooms, and other places provide wonderful places to experiment and develop new musical parts. Generally, the recording studio does not. Even if you have your own studio that allows you to work off of the clock, it is usually best to do the work-up somewhere else, just to maintain perspective.

In the early 1950s, guitarist Les Paul invented multi-track, sound-on-sound recording–with the assistance of his friend, crooner Bing Crosby–in Paul’s garage. In an interview, Paul emphatically stated, „I never walk over to that machine until I know what I’m going to do and I never use the machine to find it. I find it and then go to the machine and use it. I never let the machine tell me. I tell the machine what to do.“

Therefore, prepare all of your instrumental and vocal parts in advance and develop a work schedule that includes contingency plans when you enter the studio, which is the final place in which you may be able to maintain creative control. If you need to make last-minute changes, you can keep them to a minimum in order to avoid excessive pressure and confusion during a session.

We can borrow a good parallel of detailed planning from the motion-picture industry, the one that interfaces the most with recorded music. Filmmaker Alfred Hitchcock worked as a director in the studio system. He was responsible not only for his own time but for the time of many other professionals working together on the same project.

In advance of shooting, „Hitch“ storyboarded every shot of a scene before stepping onto the sound stage. For example, in the famous shower scene in the film Psycho starring Janet Leigh, there are fifty-two individual shots in the course of three minutes and ten seconds (Famous Shower Scene from Psycho (1960) Dissected in 52 Shots, on YouTube).

The master storyboardist worked out every detail, including chocolate syrup for blood, and framed each shot in advance of rolling the cameras. A major part of Hitchcock’s greatness came from his ability to maintain creative control in exchange for tight management of budget through planning. Planning pays when time is money.

Returning to the recording studio, it is a good idea to have more material prepared than you intend to record. Life happens. Sometimes, with a bit of good fortune, you move through the tracking faster than expected. At other times, a piece does not come together satisfactorily. When this happens, the piece needs to be shelved until it can be reworked. Given the time and physical cost of preparation, travel, and coordinating the schedules of the producer, recording engineer, musicians, and other participants in a session, contingency plans constitute a valuable asset.

On this point, the Time-Is-Money factor spills over to the matter of equipment by having spare cables, batteries, and fuses available on short notice. One of Murphy’s Laws states that such items have the notoriety to fail at critical times.

When it comes to recording, experience remains one of the best teachers. Practicing against previously recorded tracks that one will hear during the actual recording session is often the most economical way to prepare for a take. Usually, sound-on-sound projects will gel best when they are built upon percussion that is recorded against a scratch and/or click track. Then, the track is followed upward through the spectrum of pitch (lowest to highest frequency) with the addition of bass, keyboards, guitars, background vocals, and other instruments before the lead instrument or vocal is tracked.

Offering an instrumentalist or vocalist a copy of the best mix to date without the scratch or click tracks (i.e., the one that s/he will record against), saves confusion, frustration, and time. This work mix allows the musician to develop parts creatively and to get acclimated to nuances of tempo, rhythm, and volume before the session. Usually, this results in more productive takes and fewer of them. The additional cost to the project for this preparation is the minor cost of burning a CD or making an MP3 copy of the mix. The benefit of time saved for all involved far outweighs this cost.

Whether or not you are paying out of pocket for studio time, you are making an investment of your own time as well as the time of other musicians, producers, engineers, and techies working together on the project. Therefore, everyone should show up, should arrive on time, and, if possible, should get there a bit early.

The studio is a professional work environment. Please give the other music professionals the same respect and courtesy that you would give to your attorney, medical doctor, or dentist. If you must delay, postpone, or cancel, please do so in a timely manner.

Professional time for postponements or cancellations is usually twenty-four to forty-eight hours. Equal to the importance of showing up and starting on time is to know when to stop work on individual tracks as well as on the session as a whole. Tiredness is a vague and relative term. However, sensing the point at which the marginal net benefit of tracking an additional take reaches zero is a professional trait worth developing.

If you are not acting as your own producer and/or engineer, make the time with this person(s) to share your vision, needs, and concerns in advance. Use this time to go over production notes, equipment requirements, and other mundane items before the session commences. Everyone involved should understand the depth and scope of their responsibilities before the session begins. Delays eat up time for all and… Time Is Money. Therefore, make sure that you are on the same page with your producer and engineer.

Furthermore, note the limitations of the studio and its equipment. It is wise to know the kind and amount of tracks, microphones, signal processors, and other essentials. If you plan to use any unfamiliar equipment, make the time to research it. If possible, work with this equipment beforehand. A recording session is no place for unpleasant surprises. For optimal planning, you should know of any limitations in case you need to simplify your planned mix.

When the red recording light goes on, it is important to be technically precise in performance in order to remain within budget. However, bear in mind that we are making art. Playing with feeling and emotion from the heart is of paramount importance. Producing art commercially requires walking a fine line between the pragmatic and the ethereal. As a result, the genius in producing music is 99% perspiration.

Work with the technology, not against it. Generally, it is best to keep playing through a flop rather than to stop and start over. Part of the art of recorded music is „punching in“ a short section of retake or digitally copying and molding a few notes into the track in a seamless manner. As long as most of the take has the necessary artistic integrity, the pragmatism of „time is money“ works out.

In shaping the sound, remain focused on the lead line that prevails at the time. Usually, the vocal takes the lead except during intros, outros, and solos. Developing the accompaniment against a preliminary take of the lead line is a way to achieve a fluent and natural sound. Also, such an accompaniment provides a solid understructure that gives flexibility and independence to the musician who is rerecording the final takes of the lead lines.

This being said, it remains most economical to achieve a desired sound during the original tracking. Usually, it is more costly to return to a mix in order to rebuild or repair parts of it before the final mix-down to stereo. It is better to record clean and then to add effects and other „sweetening“ afterwards.

Treat the production of recorded music with the same regard with which any other successful professional or business entrepreneur would treat their concerns. As in many competitive markets, the revenue per downloaded track or CD collection remains relatively constant across the span of all artists. The album Born This Way by Lady Gaga, one of the top-ten sellers of the year, hit the market at an equivalent retail price as the album MDNA by Madonna, one of the bottom ten.

As a result, the economic task of controlling the profit per unit falls fully on the cost side of the equation. Since music production is mostly about time cost, any action that can safely shave cost without destroying the integrity and quality of the product should be considered seriously. Note: these actions include keeping guests out of the session, making backup copies of takes frequently, and keeping thoroughly written notes throughout the course of the project.

In order to finish a good product, expect editing, mixing, and other post-production work to take the lion’s share of budgeted time. When we add together all of the production and post-production time, we should anticipate an investment of forty to fifty hours per track. In other words, a total of 500 hours for the entire album can be considered the norm. This is why having open access to a home studio for most of post-production is highly valued.

Part of this value comes from the fact that ears tire easily; consequently, prolonged post-sessions that require acute listening produce diminishing returns. Any work beyond mundane cutting, splicing, and adding fades and plug-in effects demand the perspicacity of fresh ears. Tired ears usually result in a substandard mix that will require costly reworking.

When do you know when the mix is done? This question is like asking a chef if the soup is done. It is a matter of knowing. We could define that point in a commercial recording as the one at which a constrained optimum is reached. It is the point at which the artistic vision is achieved subject to practical budgetary constraints; you know that the soup is done.

For some engineers, this point comes when they play it through a pair of crappy old car speakers. For others, this point may be defined as when you play the recording for others who have not heard it previously and it feels right to them as well. In any event, you will have gotten the best vocal and instrumental takes, have used your studio wizardry to achieve maximum sound, and feel that the music is ready to be unleashed on the world.

Complementing the technical and economic side of recording is the legal perspective. My guest contributor Howard Hertz explains that a tangible contribution to a recording (known as the master) or song (the composition) may result in copyright ownership or performance rights being held by any person contributing to the work.

In order for the artist or the record label to emerge from the studio with an album that s/he or it fully owns and therefore may distribute for sale to the public, agreements should contain proper „work-for-hire“ language. (Essentially, a work for hire means that the contributor relinquishes ownership claims on the master or composition by stating that all work was performed for equitable compensation.)

Hertz emphasizes that these agreements must be signed by all producers, engineers and side-person musicians who have worked on the project. Typically, the artist or label should own the copyright to the master recordings contractually. On the other hand, the copyright ownership in the underlying composition may be owned by multiple writers of that piece of music. However, if agreed to in writing by all parties involved, the artist or label may „buy out“ these rights.

Often because of the potential complexity of such agreement, a „split sheet“ for each work is filled out after the recording of the composition. This sheet lists the determined percentage of the song or instrumental that was written by each contributing party as well as the percentage of the publishing rights that is owned by the publisher of each party involved. Then, the split sheet is signed by all of the contributing parties, thus making the determined, assigned split a binding agreement.

This is a very important point. It is often overlooked by many casual or informal musical groups that lack the understating of business law, which will treat them as a General Partnership. Operating as such an entity implies that all partners are held to have equal shares if no written agreement exists. In respect to the business of music, Mr. Hertz iterates that, if there is no written and signed agreement to the contrary, then a composition is owned in equal shares by each writer who contributed words or music irrespective of the percentage of their actual contribution.

Hertz provides this illustration: „[I]f three writers contribute to a work and have no signing to the contrary, they each own one-third of the copyright, even if one of the writers only contributed one line of lyrics and might have likely agreed to a five or ten percent share of the song if it was put in a split sheet.“ A word of wisdom to all musicians and audio producers and engineers: have a qualified entertainment attorney on your side to guide you through these choppy waters.

Replicating and Marketing the Final Product

The 500 hours of time, energy, and artistic angst discussed thus far buries itself as a sunk cost, which is the non-retrievable fixed cost associated with producing recorded music for sale. In producing recorded music, most of the cost is upfront, fixed, and sunk. This includes all costs incurred to the point of making the glass master and cover artwork that is used to replicate the CDs commercially.

The amount that an artist needs to invest to get to this point depends upon the location of the studio (New York or Los Angeles versus everywhere else in the country), its amenities, and its reputation. Reportedly, the current high end is about $3,000 per hour. Ignoring incidentals, this would necessitate a project budget of $1.5 million (500 hours x $3,000 per hour). Based upon sales expectations to recover this cost, there are not many artists who would go „Gaga“ over this price tag.

The average studio cost per hour in urban areas outside of New York and L.A. seems to fall in the monetary range of $75.00 to $150.00 per hour. This brings the average cost down to about $50,000.00 for the project, assuming that the artist(s) does double duty as producer/engineer.

If an artist is also a producer/engineer, s/he may be able to get the music out for around $20,000.00. This can be done by either using a budget-conscious studio priced at $50.00 per hour or by investing the $20,000.00 in his/her own Digital Audio Workstation, some good microphones, pre-amps, and acoustic sound-control material.

For many musicians entering the field of recorded music, the latter has become a very viable option. Given the simplicity of the style of music and the musical arrangements that they use on their recordings, some artists do manage to get their music ready to go out the door for about $10,000.00. For the sake of comparative discussion, let us work with these last three figures and assume that the artist works as an entrepreneur and manages the entire release.

The replication of CDs has become a highly competitive business. The price per 1,000 copies has dropped to around $1,000.00 depending on the type of packaging chosen. This gives us a unit fabrication (making the physical CD) cost of $1.00 per CD. However, there are promotional costs involved. A major but effective promotional cost is giving away free copies strategically to radio stations, clubs, and individuals as a way of priming the proverbial pump. Also, using social media like YouTube and Facebook is „free“ advertisement.

For the sake of simplicity, let us assume that the promotional cost for a CD that contains ten songs averages $.50 per CD. The more CDs that are manufactured, promoted, and sold, the more money that must be invested in the project. In other words, the manufacturing and promotion costs vary with quantity. Therefore, we refer to these costs as variable costs that, on average, total $1.50 per CD.

In our example, let us say that the artist averages net revenue of $10.00 per CD. This suggests that the CD could be priced at $14.00 for sale through one of the popular online stores, distributed as digital downloads, or sold at live performances. We can phrase our economic question as a break-even analysis. In the business world, a break-even point of three to five years is considered reasonable. Therefore, looking at our artist as a start-up business, let us anticipate a break-even point at four years, forty-eight months.

What we want to know is this: How many CDs will our artist need to sell over the next forty-eight months to break even? How many CDs will s/he need to sell per month to achieve this goal? As the variable cost per CD is taken to be $1.50, the key determinant in this calculation is the upfront sunk/fixed cost of producing the master recording. If we take this fixed amount and divide it by the difference between the price at which the CD is sold and the combined cost of manufacturing and promoting each CD, we will arrive at the break-even quantity that must be sold.

If the recording costs amount to $50,000, then a total of 5,882 CDs must be sold at a rate of 123 discs per month. If our artist economizes or sets up his/her own project studio for $20,000, then only 2,353 CDs must be sold at a rate of 49 discs per month. If our artist is able to achieve a product of marketable quality for only $10,000, the break-even amount drops to 1,176 CDs sold at a rate of 25 per month, about one per day. If an artist has sufficient musical talent, and recording skills, and experience, s/he may be able to achieve this goal at a barebones studio that charges $25.00 per hour.

The Great Beyond

We have focused on what may be called an Entrepreneurial Indie Label, one in which an artist or group does everything from production to direct sales (e.g. merch tables at gigs) except for two chores. The first is fabricating the CDs through a company such as Discmakers, Inc. The second is selling some of these CDs with the help of a music-marketing service such as CDBaby Inc. These CDs then will be sold online, as digital downloads, and at brick-and-mortar stores.

The next step up the ladder is for the small entrepreneurial music company to sign with a major or minor label. At this point, a good entertainment attorney to represent the artist(s) becomes indispensable. As Mr. Hertz stated in our opening quote, „The artist or label paying the expenses of recording must be sure that everyone is on the same page regarding whether fees and/or royalties are to be paid and, if so, how much is to be paid to each party.“

Currently, the record industry is reinventing itself in the Digital Age. This age has brought affordable means to artists in order to accomplish what only million-dollar recording studios could do previously. Online distribution has become feasible and preferable to many artists through CDBaby, iTunes, Amazon, and other venues. What these turns in events leave to major labels is what they continue to do best-finance, promote, and distribute product to large markets.

In her blog, recording artist Courtney Love, Love’s Manifesto, she states, „If a record company has a reason to exist, it has to bring an artist’s music to more fans and it has to deliver more and better music to the audience. Previously undiscovered artists benefit from the huge promotional break a major has to offer. It takes a ton of funds to break a new artist–funds most artists don’t have on their own.“

In determining which artists to sign, labels consider the sales potential of an artist. This decision usually is based on what the artist accomplished before. A rough rule of thumb remains that major labels sign artists who have made verifiable sales of at least ten thousand albums on their own. In addition, labels consider plans for touring in order to market product to a wider audience as well as feedback received on the artist’s music through social media.

Rerecording/mastering, fabrication, distribution, tour support, and other promotional investments all require capitalization. Nonetheless, the business is comparable to a roulette wheel. A wheel has thirty-six black-and-white numbers plus a green „0“ and a „00.“ The gambling houses win on these last two. Their odds of winning are 5.26%–the two green numbers divided by the total of thirty-eight numbers on the wheel. In the record industry, only 10% of all recordings released make it to the break-even point. Only about 5% of releases turn a profit. This subsidizes the 90% that lose money.

Therefore, cash advances bestowed upon artists are determined by the ability of the artist, the costs that may be recoverable from an artist, and the probability of success in a marketplace that ultimately relies on the 5% of releases that eventually become profitable. An advance is an ADVANCE. Essentially, it is a loan that is repaid through royalties (percentage of the sales) that hopefully are earned on future record sales. Under their contract with an artist, the record label is going to want to be paid back, and paid back first.

The label will keep all artist earnings from sales until the various costs are repaid. Furthermore, in multi-album deals, the repayment can be recovered across multiple albums and advances. This method of securitizing the investment made by the record company is known as cross-collateralization. Apart from a few exceptions, every cent invested on promoting an album, from video-production costs, radio promotions, and billboard signs to tour support, is recoupable from artist-royalty points. As a result, most artists make $0.00 from their royalty points until recoupment by the label is complete.

So, how do artists go about making money from their recordings? Very simply, they can achieve this goal by remembering that what they are involved in is a business. Furthermore, this business takes place in what economists refer to as a perfectly competitive market-the market sets the price for similarly situated products and that price is relatively constant at any point of time.

Due to this market quality, revenue increases at a constant rate as greater quantities of a recording are sold. As a result, there are only two ways to increase profits. One is to sell greater quantities of the product and the other is to decrease the costs of production, manufacturing, promotion, and distribution.

We hope that we have edified our readers about the physical, economic, and legal aspects of the recorded-music business. Thank you to my guest contributor, Howard Hertz, for his enlightening contributions to this article.

Immobilienmakler Heidelberg

Makler Heidelberg

How To Make Great Money Part Time Buying And Selling Domain Names – Part One

This truly is the business to get into in 2005. It’s a red hot opportunity that savvy investors can make a killing on when you know how. And this article will walk you step-by-step through the money-making process.

Don’t be put off by the term „investors“. I’m not talking big money down here. As long as you’ve got a spare £5 a week then great money can be made for only half an hour of your time. Like the sound of that? Thought so.

There’s a few ways you can make money buying domain names and selling them on for profit. And I mean PROFIT. You’ll see why people will be scratching at your door to buy off you in just a moment.

Let’s start with the basics.

All domain names are only registered for a limited amount of time.Registrars can choose to use the name for a period of between 1-10 years. After this the rights to these domain names expire and the user has to renew the name again. If they don’t do this it will be placed on hold for a short time and then deleted. This means it is then available for anyone who wants to buy it!

This Is Where You Can Cash In!

20,000 expired domain names are made available each and every day. Some of them are very attractive and well-established names.

Example. Last year the owners of Race.com carelessly didn’t renew their registration fee. It was grabbed (the term used to describe purchasing an expired name) by a savvy ‚investor‘ for a few pounds and sold for thousands and thousands back to the old owner.

The owner was willing to pay huge sums for to the investor because he had built up qualified traffic over X amount of years and didn’t want to lose all the previous custom.

Now I admit that making a sale for thousands is rare, but is certainly possible.

The likeliness is that you can buy a domain name and register it for £5-£50 and then sell it on for anything from £150 – £1000. Do this with five domain names a week, and your looking at a big sum of money for only a couple of hours work.

It’s not just businesses that have carelessly let their domain name that will buy off you. It’s other businesses too that will buy the name to get the old owners‘ traffic. It’s a legitimate way of increasing your customer base.

And if the old owner and a new potential owner get into a bidding war…well..the sky really is the limit.

So there’s two main reasons why people will be willing to pay YOU a couple of hundred pounds for a domain name.

a) They carelessly let the domain name expire. That means that they will pay you to get the name back to ensure that they don’t lose their existing traffic that they may have built up over years and years.

B) They are a business in the same field as the one that has let the name expire and therfore will pay you to secure the exisitng custom of a rival.

Here’s step-by-step how you go about this fantastically profitable part time business.

There are several sources of expired domain name information and reserach tools, some free and some that require a payment of a fee.

http://www.wehavethem.com supplies lists of names due to be deleted. http://Www.DeletedDomains.com allows you to do some searching free and more extensive searching for a $99 annual fee.You can search for names that are due to be deleted and also allows you to bid on newly deleted names that have already been grabbed by other ‚investors‘.

What you are looking for is an expired domain name with traffic in the last month of anything over 1500. Ensure that the site is an actual consumer site. There’s no point buying a domain name if the previous site wasn’t selling any goods.

If you see a site that had tens of thousands of visitors in the last month GET IT. The likeliness is that the previous owners will be itching to get their name back off of you due to its obvious success.

Also if you see a name with a large qualified traffic thats due to expire and has a high traffic volume use an automated grabbing system such as http://www.snapnames.com and http://www.pool.com. These will ensure the second they become available you will have registered them. The cost is about $60 but only if they get the names for you. Definately worth it in my eyes.

Remember you could easily sell the name for hundreds, maybe thousands.

In part 2 we’ll take a look at how you go about selling the names once you have acquired them. But in the mean time here’s a few domain names which were up for sale at the time of writing this article. Now obviously not all names sell for this much, but it’s a very real possibility that you could stumble across a gem in your business.

my.com $750,000

lovelife.com $350,000

fights.net $16,000

diet.us $35,000

askdoctors.com $7,500

dietary.info $6,000

lovemaking.info $10,000

textmeassage.net $17,000

ejobmarket.com $1,800

smokers.tv $5,000

teens.org $22,000

raregifts,com $20,000

The profits in this business are like no other. Now it’s your turn to get your hands on your share in the billion dollar industry of buying and selling domain names.

Until next time…

Jonathan Street

Immobilienmakler Heidelberg

Makler Heidelberg

What Is Your Website Worth and How to Sell It for Maximum Value

A lot of business enthusiasts and tech geeks are getting involved in forming their own e-commerce business where they can sell products or services and make a profit. Maybe out of passion, you have developed a website with an idea of starting a business from home. After a point of time, you might think to pass your baby on a new hand may be to fund a new project.

The first course of action will be looking for a good marketplace to sell your website. However, the next step can be a challenging part as you will have to evaluate your own business. It is an essential aspect to evaluate your business website and find out how much is your website worth or it can be sold for.

This article will guide you through have a clear understanding of how you can find out the worth of your website and how can sell your website for a higher value.

How should the SELLER evaluate the website?

The website only makes value if it has potential to provide a good return on investment. The buyer will only invest in those websites that can make sales and offer better revenue.

You as a seller and the customer is a buyer will obviously have a different mindset about the website. The buyer who will be investing in your website might expect a quick payback and hence, he will decide the amount based on the risk.

For instance, a seller has evaluated the website in a way that he has invested $10,000 into website development, $5,000 for the domain and another $40,000 for the traffic generation, ads, etc. hence, it should be worth $55,000. This way of evaluation is absolutely wrong!

Each and every aspect comes under consideration while evaluating a website such as the development and maintenance cost of the website, domain fees, traffic, monthly sales and profit, the amount spent on promotion and ads, etc. Hence, the profit is something that gets evaluated, not the assets.

How will a BUYER evaluate the website?

Most of the buyers are willing to pay a higher amount of what the business is generating but it is determined by the amount of risk involved. The lesser is the risk, the higher amount will be spent by the buyer for a website.

Factors involved in evaluating a website:

• Consistency in earnings

• Business growth

• Automated systems

• Revenue streams

• Traffic and ranking

• USP

Here’s how you can maximize the value of your website:

1. Estimation and paperwork: It is necessary to have all your assets, profits and expenses calculated for a good reason of course! At any point of time while estimating, you may forget any of the figures to add accurately.

2. Simplify your routines and other processes: It is necessary to ensure all the processes are functioning excellently. It will be a great idea to cut down unnecessary expenses.

3. Try differentiating whatever you are offering: You will have to look for a way to differentiate your business from the other competitors. Try figuring out what makes you stand different and exclusive from other and showcase it to your buyers.

4. Organize your business: Your business should not lack behind in any terms, hence keep things organized so that it attracts more buyers. It’s a great idea to make your business more organized while fixing any kind of problems.

Immobilienmakler Heidelberg

Makler Heidelberg