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How To Make Money While You Sleep

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easy money

Passive income is always great. It does not require much of your time, and you still get to make money even when you’re sleeping. According to financial advisor Craig J. Ferrantino, president of Craig James Financial Services, LLC in New York, passive income is great because it allows you to increase cash flow and save more money. In some cases effort is minimal but you can still collect money over time. However, some of these passive income schemes come with risks. But, with careful planning and consideration you can lower the risks to increase potential benefits. Here are some passive money making schemes that can be worth your time and effort.

High-Dividend Stocks

When you buy stocks that pays dividends to its stockholders, you can start earning money simply by being a shareholder. If you buy 500 stocks in Company A, and they pay a dividend of 50 cents per stock, you can earn up to $250 annually even while you sleep. Some companies pay dividend quarterly or semi-annually.

The risk to this is share prices go up and down. You can lower risk by investing in an index or low-cost funds. Another option is to look for dividend paying exchange-trade funds.

Rental Properties

Buying properties and putting them up for rent will require a substantial investment from you, but it can also provide lucrative passive income for many years to come. To minimize risk, look for properties that are located in fast growing markets where people are looking for great houses to live in. Before buying a property, practice due diligence, and make sure that you can cover other costs such as insurance, taxes, repairs, and maintenance so that you can turn a profit. You can also hire a property manager so they can assist you in renting your properties.

Bonds

Another good way to earn passive income while you sleep is by purchasing bonds. Even though the money you receive depends on the fluctuating market, you still receive a check for the interest earned in the mail every 6 months. You get the principal back when the bond matures. There are many bonds to choose from like the US Treasury, municipal bonds, and corporate bonds. They have their own maturity dates, interest rates, and minimum amount to invest. For example, T-bonds take 2 to 10 years to mature and pay semi-annually at a fixed rate and are exempt from local taxes. Corporate bonds are subject to federal and state taxes and can mature anywhere from a few weeks to 100 years.

Rent Unused Space

Websites like Airbnb, Liquid Space and Breather can give you a chance to earn money while you sleep by renting unused spaces in your house. If you have an unused bedroom, earn extra cash by joining Airbnb and renting it out to people who prefer to stay in houses rather than hotels. According to Airbnb stats, 81% of their rentals are from renting a bedroom in 2-bedroom apartments.

Peer-to-Peer Lending

If you have money to spare, make it earn more money by loaning money to others in place of a bank or lending organization. Also known as marketplace lending, peer-to-peer lending platforms like Prosper and Lending Club make crowd funding accessible to borrowers and investors. For example, investing your money in Prosper can earn 5-9 percent annually. However, there are also risks involved like when the borrower defaults on the loan. Reduce risk by requiring borrowers to have a higher credit score or by diversifying your investment across many different loans.  

Camden

First Tech Startup to join Camden NJ

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Penji

First Tech Startup to join Camden NJ

Penji is a new tech startup who recently launched in Camden NJ. Instead of having costly all-inclusive packages that design agencies typically offer, Penji offers unlimited graphic design, unlimited revisions, at a flat monthly rate. The startup launched on October 21st 2017, a day after Camden Catalyst, a startup pitch competition hosted by Waterfront Ventures to bring startups into the city.

camden nj

 

Penji solves a unique problem that startups, small businesses, and agencies tend to have. According to Penji, startups and small business owners spend too much of their time attempting to design their own marketing materials, logos, business cards, etc. And even if they hire a company or a freelancer to help them, it often costs quite a bit more than they originally thought. 

” It’s a huge time waster. And that’s why we created Penji, to solve that graphic design problem for startups and small businesses.” – Johnathan Grzybowski (Cofounder)

Penji’s unique mission

Penji also has a unique mission. The startup plans to be one of the first community conscious startups to plant their flag in Camden NJ. For Penji, being a community conscious startup means giving back to their community on a consistent basis and in ways that truly helps their community. The startup plans to offer jobs and opportunities specifically for students and residents in Camden. Their goal is to hire as many talents as they can from the city with the hope of keeping those talents in Camden. Camden is home to major school institutions such as Rutgers, Rowan, Camden County, and Cooper. Despite having these big names investing in the city, few job opportunities currently exist for students graduating from any of these 4 colleges.

“The only way to successfully revitalize Camden sustainably is if our students are willing to stay in the city and invest in the city themselves. And they can only do that if there are good paying jobs available in Camden. Currently there aren’t many available, and we plan to change that.”- Khai Tran

Penji

The startup already hired 4 students from Camden and have plans to hire more as they grow in Camden. Things are definitely looking up for Camden NJ as the interests for startups are growing from surrounding cities. The Camden city has been struggling with bringing in new businesses for the past few decades and many efforts have been put forth to revitalize the city. Things may be different this time around if enough startup companies join Penji in Camden and invest in the city.

Melissa Le (office manager of Waterfront Lab, Camden’s very own co-working space) is optimistic that Camden will be revitalized this time around.

“We’re feeling good about Camden’s revitalization and we know it will be successful if enough key industries get involved. Having major companies such as American Water, Holtec, and Subaru is a great start, however we need more interests from startups and small businesses to make Camden’s growth sustainable.”

 

 

 

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Business

Marketing Lingo you need to know for 2018

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7 Marketing Lingo you need to know for 2018. If you own a small business, chances are you’re wondering how you’re going to market yourself.  Looking online you’re going to find quite a few article and resources for marketing, most of them coming from marketing company themselves.  Give or take an hour of research and you’re pretty much ready to quit because there’s too many options and because you’re not a part of the marketing or digital marketing world, all the lingo being used such as SEM, SEO, Digital Marketing, etc. becomes overbearing. That’s ok, we’ve created a short guide for you to follow that will help you better understand the world of Digital Marketing. These are the essential keywords and lingoes in digital marketing that you’ll need in order to navigate marketing information.

SEO (Common marketing lingo)

The first is the most common marketing lingo. Search Engine Optimization.  This is a service that many digital marketing agencies provide to help get more people to come to your website via an organic search result.  When someone online searches for a keyword that your business represent, your website will come up on the front page.  They will then click on your link and be directed to your website.  This doesn’t guarantee business, but it does increase the likelihood of you getting more leads and sales.

SEM

Search Engine Marketing.  This service is similar to SEO because it rely on you getting good rankings on the 1st page of Search Engines.  The difference is that SEM depends heavily on paid advertisements to get you there instead of appearing there organically.  You know those ads on top and on the side?  Those are probably the works of an SEM Campaign. Learn more about Search Engine Marketing here. 

PPC

Paid Per Click.  How SEM does it’s work is through a Google service known as Paid Per Click.  This is where you pay Google to place your business on the front page in the form of an advertisement.  Whenever someone clicks on the advertisement, you pay google a small fee (anywhere between 50 cents to $20 depending on keyword and competition).

SMM

Social Media Marketing.  The goal for this is to deliver traffic to your website via Social Media.  Depending on your business certain social media platforms may be better suited for you.  A clothing/retail business may benefit more from Instagram and Pinterest than Twitter for example. Learn how to maximize your social media’s effectiveness here. 

Digital Marketing

Digital Marketing is a broad spectrum of online marketing services.  Typically a Digital Marketing campaign will include more than one services to accomplish a goal, whether it be branding or simply more traffic and customers.  Digital Marketing can include SEO, SEM, SMM, PPC, and many other online-related marketing services.  Typically it doesn’t include direct mail, bill boards, or bus wraps.

CPC

This marketing lingo stands for Cost Per Click and is most common with Google’s Pay Per Click model. However many other advertising platforms also utilize CPC to determine the effectiveness of a campaign. Cost per click simply means how much does it cost you every time someone clicks on your promoted ad. Usually you want the CPC to be low, that way you won’t have to pay more for people clicking on you ads.

Conversion

This is a confusing marketing lingo because it could mean a lot of things. Conversion could mean the rate at which someone goes onto your website and then converts to become a customer. Your formula would be Sales conversion / Visitors. However Conversion can be something completely different if you’re advertising on Google, Facebook, of Instagram. Conversion doesn’t mean sales on your website, it could mean simply someone converting and eventually browsing to a desired page on your website, however not necessarily making any transaction. Learn about social media conversion here. 

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Business

Low Cost Business Ideas

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Low Cost Business Ideas

Here are some low cost business ideas to feed the entrepreneur inside you. Contrary to popular belief, you don’t need thousands of dollars to start your own business. If you want to make it as an entrepreneur, what you really need is determination and patience in order to survive the business world. If you’re looking for low cost business ideas, you’ve come to the right place because we have some brilliant ideas you can cash in on.

1. Ride Sharing Service

Thanks to platforms like Uber, ridesharing services are becoming popular worldwide. If you already have a car, you can start this business without shelling out a dime. If all goes well you can turn your ride sharing service into a chauffeur service, or hire other subcontractors to launch your own brand.

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