goodarticlelist.com goodarticlelist.com
  Main :> About Us :> Place Your Link :> Security & Privacy :> Terms & Conditions :> Submit Article
Search:   
 

How save and make money

The problem with most peoples finances today is that they are not getting enough income to satisfy t ... - money
 

The Lifestyle of Your Organization

Behind any product you buy unfolds the style of the orgaization that designed and produced the produ ... - Hans Bool
 

Employment Screening Resources

Employee screenings use legal, medical, human resource, and other government offices related records ... - Josh Riverside
 
 

Make Money with Your Hobby with a Candle Making Business Opportunity

Although a good number of people learn How to Start a Candle Making Business because it has relative ... - Randy Wilson
 

The Telecommuting Tightrope

What motivates most people to seek telecommuting is the need for a balance between work and play. Ir ... - Sharon Davis
 

Why Keeping Your Business and Time Organized Will Help You Be Succesful.

In any business the old saying "Time is Money" is very true. For every minute that is waisted could ... - Anthony Jewell
 

How to Handle Difficult Interview Questions

You are in the middle of an important interview and are confident that you are doing an excellent jo ... - Laura Adams
 

10 Little Known Business Growth Secrets Uncovered

There are 10 little known business growth secrets that are costing businesses millions of pounds eac ... - Graham S Nicoll
 
 

Main –› Jobs & Careers –› Work From Home Careers
 

3 Ways To Make Money Fast And Easy - PART TWO

 
Author: Jack Reynolds
 

The second way to make money fast and easy is to offer a service. With the emphasis being on speed in this case, I will try to give you an outline of a particularly lucrative and rapid way to make money fast.

Asuming you have a home phone and a few dollars to spare on printing, you are going to rely on the law of averages to get your required money fast. As in PART 1, I have settled on $1500 but you can manipulate this to suit your needs. Whatever the crisis is, a few thouand dollars should always be enough to get you out and buy you some time until you get a handle on your finances.

The law of averages states that every situation has a conversion rate. To use an extreme example, lets take my table lamp sitting here on my desk.

If we set up the scenario we can get an understanding into the law of averages. Say our scenario is that we want to sell this $22.00 lamp for $1 million dollars. It sounds impossible, who would give you $1 million dollars in exchange for a $22.00 lamp?

The law of averages states that even this unlikely scenario shall have a conversion rate. The possibility might be calculated at 0.0000000000000000004858688% chance that it will happen, however even this unlikely event would occur at some decimal point. However, we can also manipulate the conversion ratio by developing the scenario. If the arbitrary calculation above means that you would have to try 200 billion, trillion times to find just 1 person who would give you $1 million dollars for a desk lamp, an adjustment in the scenario can improve that number.

For example, the price, you could reduce the price to $1000 which would immediately change the calculation to reflect the new circumstance. Now the conversion may be 1.2 in other words, for every 120 people you offer the lamp to, 1 will buy instead of the 200 billion, trillion.

What if ontop of a price reduction, you registered as a charity. You as the administrator of the donation may keep a percentage of the $1000 and refer the rest to the charity you chose. You get to help people and at the same time make a little money. Would this impact the conversion? Of course it would. Not everybody views money in the same way and there are people out there that definitely would buy a $22.00 table lamp for $1000 if it was going to charity. The conversion ratio might become 2% or 1 in every 50 people may take you up on this offer.

Novelty sells and in the above case, the novelty was the extremely high price of the lamp. That combined with it being a charitable donation meant that the scenario had a reasonable chance. To sell 10 lamps for $1000 for charity you would simply make 500 people aware of the offer if the 2% conversion ratio was true.

To apply the law of averages to make money fast we can see the possibilities. You must construct a scenario with an estimated conversion rate and work to make enough people aware of your offer based on the profit projection and your financial goal (in this case $1500)

To do that we look for demand. Without too much money we have settled on offering a service. We think about what people may need from you that you could offer that they would also pay for.

Also because we are working with the law of averages, we are not going to go for a high conversion rate. We are looking for a high price and lower conversion rate. The higher the price, the lower the chance that somebody will take your offer. But it doesnt mean nobody would take your offer does it? It just means you need to see more people to finally find the individual that finds your offer attractive and acts on it.

This is the bones of the strategy. Whether you choose to wash all the exterior windows of a wealthy persons house. Or provide in-home foot rubs and back and shoulder massage to retired people. Maybe you will advertise a flyer entitled "your slave for a week" $1500 to attract people using a novel approach is up to you.

 
 
 

Related Articles

 
Benefits of Mystery Shopping For Secret Shoppers
 
The Interviewable Resume
 
How To Find Hot Online Business Ideas
 
Franchise Opportunity Tips (Part 1)
 
Job Application Form - Giving the Professional Image
 
Dream It, Create It, Become It! Design a Dream Board
 
A Hot Business for 2006: Non-Medical Home Care Business
 
How Do You Want To Be Rewarded On The Job ? Be In The Drivers Seat
 
When did the Job Hunter Become the Bad Guy?
 
Post-Interview Thank You Letters - Are You Missing Out On Their Powerful Benefits?
 
 
 
Free 3 way links
 

Jobs & Careers

Health & Hygiene

Finance & Banking

Politics & Government

Online & Board Games

Self Enhancement

Academics & Learning

Shopping & Auction

Lifestyle & Fashion

Internet & Computers

Children

Art & Culture

Business & Services

Vehicles & Automotive

News & Media

Realty & Property

Cooking & Drinking

Research & Science

Travel & Accommodation

Medicine & Treatment

Adventure & Sports

Home & Garden

People & Society

Recreation & Entertainment

 
   Main :> Security & Privacy :> Terms & Conditions
Copyright © 2006-2008 www.goodarticlelist.com - All Rights Reserved.