Your Questions About Doing Business Online World

Jere answers:

Making money online can be a real challenge, and I can tell from your question that you have probably looked at a lot of the hype that is out there. You are right to believe that most of it is hype. Many internet marketers put more effort into their sales page than they do into the product itself.

Working at home requires a certain type of disciple that most don’t realize until they have gotten into it. I think that most people who do not do well on the Internet have this problem. We are programmed to ‘go to work’ and anything outside of that just doesn’t register in our brain to get us ‘working’ the way we need to to make money online to the point of making a living.

So its important to get into a program that has a ‘complete’ structure from A – Z and has a relatively low risk proposition. Most programs today are duplicates of duplicates of duplicates because the programs themselves teach people to just duplicate their program to sell to others.

The Internet marketing gurus of the world have so many followers that it makes it almost impossible to follow their programs… Most of them are outdated, overpriced, and oversold because to be frank, it is only what they are doing that makes the most success. Yes, training systems. Those who cannot do, teach, and that is the life of the typical Internet Marketer these days. All the ebooks and programs they have flooded the net with are their true source of success, not the information in the product you buy.

I have been a part of many many programs over the years and have had experience with every sector and some of the so called gurus. I can tell you that there is one program that stands out from the rest that only recently was introduced. The beauty of this program is that it is dummy proof and does not rely on you investing a ton of time on thing that may or may not turn out results. Thus, the risk factor is really low. The program is called The Big Fat Rich Loser Network (you can see it at http://www.bigfatrichlosernetwork.com ) and their unusual method to getting rich is one of the most original and refreshing programs I have seen in a long time.

I am recommending if you want to go with something that works, I think that is the program that will do it. The sites that can be created with it have gotten a lot of rave reviews from members at Digital Point forums, which is a hard thing to do since a lot of people can be very critical there.

I don’t know what kind of investment you are willing to put into your online business, but their program has two options that are very reasonable in my estimation. Another program came out last year called SEOPortals (can check it out for yourself at http://www.seoportals.com) offered something like this where you needed to pay for the hosting, but their pricing was and is more than double what the guys at the Big Fat Rich Loser Network are asking, and SEOPortals just could not enable you to build as many sites as what the Rich Losers can. I think that aiming to make $0.25 a site with minimal effort is much more doable.

All in all, keep it simple, and I think that the program I have been talking about makes it as stupid simple as possible. 🙂

Good luck with whatever you end up doing! I hope you make the money online you are looking to make.

Jere answers:

He Internet along with the computer has brought online stock trading available to anyone with an Internet connection and some money to invest. You must have a bank account; Having easy access to a trading account has a disadvantage. If you are not careful in selecting your stocks, you could easily lose all of your money.

One of the advantages to saving a little bit of money is being able to make some stock trades with it. If you learn the inside information about stocks, you can actually have the potential to do quitewell in the world of single-stock futures in the world of finance. There are many people that go into business with the single-stock futures to build their financial base for the future.

Jere answers:

There are companies that are out there looking for people like you. They want motivated individuals that are looking to start their own business.

And the best part, they are not asking for any money from you. No Out Of Pocket Costs! No Joke.

I’ve been trying to earn online since July of last year. I have been able to make a decent amount, however, I recently stumbled upon this new adventure. Please visit my blog (listed in my profile) so you can see all the different things I have tried to earn online. I even include the sites and exactly how much I made and was paid.

I will include the link to the site that is leading me to financial freedom. All the best to you~!

Jere answers:

My first question is this — did you go to business school for an MBA, or for your undergrad? And did you go to one of the Magic 8 schools, assuming you are from the US (Harvard, Sloan, Chicago GSB, Stanford, Kelloggs, Wharton, Columbia, Stern)?

Good investment banks (like the ones you mentioned) usually pick from a select few B-schools that they frequent, usually from the MBA programs. Sometimes, they go for schools not necessarily because they are the best but because of proximity (which is why a lot of Wall Street firms and banks interview from smaller NY schools, compared to much better schools elsewhere, say, the mid-west).

Outside of that, it is very hard for you to get in unless you have some contacts within the banks, or have an excellent track record to prove your skills.

Usually, the best way to break into the industry from the outside is to get an internship at the place of your choice, prove yourself, and use that as leverage to get a full time job. However, since you are graduating in a month, that is no longer an option.

The other thing for you to do is to write the CFA exams — even if you are not from the preferred list of schools, additional qualifications (such as CFA) usually go a long way.

What I would recommend, of course, is to take a job at a relatively smaller financial institution in the area (e.g. A hedge fund or PE firm) and work your way up to one of the bigger i-banks. I’ve a friend who worked at DE Shaw, went to school for computational finance and is currently employed at UBS.

I would also recommend talking to your school (since you are interested in finance, I’d recommend talking to the finance profs) and asking them if they have any contacts. A lot of finance profs have usually spent a good deal of time in the industry and tend to have contacts there.

Unless you are married to the idea of staying in the US, you could also try applying to i-banks elsewhere in the world — usually, they are quite happy to hire an English speaking westerner in another region (e.g. China). It might be easier to break in, and would give you a good step up in the right direction.

Then, there is networking. Go to the Vault forums and ask questions, find people and talk to them. If you are in the NY area, find a local bar that i-bankers frequent, post a message on Craigslist etc.

Finally, go ahead and apply — as long as you are well prepared and know your stuff, you may just strike gold. Besides, even if it doesn’t work out, it does not rule out you applying again, at a later time.

As far as the actual application goes, you could go ahead and apply online, but I’d also recommend talking to the i-banks themselves. Call them up, tell them that you are interested, ask questions, ask if you can meet with them, be very frank and open about what you want to do etc. So, unless you’re calling Schwarzman or Blankfein, most banks are usually quite amicable in this regard.

At the end of the day, initiative and perseverance are what’s needed. Of course, a penchant for working 100 hour weeks doesn’t hurt, either! 🙂 So, good luck!

Jere answers:

Use this basic checklist to make sure all the important steps are taken before you launch your new venture. This business checklist will make sure that you cross all your t’s and dot all your i’s before your business launch.

Steps to Starting a Business –
http://www.developer-resource.com/starting-a-business.htm

Other sites you might find helpful are:
SBA – http://www.sba.gov/
SCORE – http://www.score.org
Small Business Resource – http://www.small-business-software.net
Business Link – http://www.businesslink.gov.uk/bdotg/action/home

Goodluck!