Money Pump
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Why Everybody Should Be Making Money Online
When you tell people stories of making money while you sleep with no effort, a vast majority look at you with extreme scepticism and even contempt for wasting their time and trying to “con” them. Factually most people also know that it is true that you can make online with no effort while you sleep say by trading the markets, selling goods on eBay or even making money from various means on your own website. However, this is generally dismissed or explained by these same people as for only the super intelligent, the overly technical, crazy or just plain lucky people.
I am here to tell you that not only is most of this downright lies but you would be severely short changing yourself and your family if you did not invest a significant portion of your endeavours online and I am not necessarily talking about money. Currently approximately 10% of all sales of goods and services occur online and that number is growing fast. Now you may say well that is great but what does that mean for me and those figures are spouted by people all the time and they sort of become a blur after a while. That is true statistics these days can be manipulated to tell any story you like but I will give you some real examples to put this into context.
In terms of goods and services sales there is more happening at eBay than anywhere else on the planet even if you combine store groups together like Wal-Mart and its subsidiaries in the US or the Coles Myer or Woolworths groups here in Australia. It equates to about $1,640US sales every second which is about US$14.2 million in sales every day. If you break this down further just for Australia, a car is old every 1 minutes, a DVD every 30 seconds and an item of women’s clothing every 14 seconds. Can you imagine if Big W store sold 2,880 DVDs a day or about 6,000 items of clothing. If they could manage that many sales they wouldn’t need to sell anything else! Currently about 53,000 Australia have eBay as either their primary or secondary form of income and about 35,000 businesses use it as their secondary stream of revenue. In total 20% of the entire adult population of Australia
Chinese government company spends $1.74B on Teck stock A Chinese government company will spend $1.74 billion to buy new stock issued by Canadian mining giant Teck Resources Ltd. Chinese firm makes non-binding offer to GM for Opel General Motors Corp. confirmed Friday that it has received a non-binding offer for its Opel division from the holding company of a Chinese automaker. Petro Andina directors oppose $400M takeover bid Petro Andina Resources Inc.'s board of directors is urging shareholders to reject an unsolicited $400-million takeover bid from a private Dutch company. BG Int'l gets Canadian stake in Trinidad gas property BG International will exercise its right to buy a 45 per cent stake in a natural gas property off the coast of Trinidad from Canadian Superior Energy Inc., the two companies announced Friday. 6th bomb at B.C. pipeline causes gas leak EnCana Corp.'s natural gas pipeline in northeastern B.C. sprang a small leak after being targeted by a sixth bomb Saturday, the second case of what the RCMP describe as 'domestic terrorism' in less than a week.
Adaltis Inc. granted creditor protection Adaltis Inc. was granted protection under the Companies' Creditors Arrangement Act on Friday after announcing that it doesn't have enough cash to meet its current obligations. Baffinland Iron Mines may have to revise shipping from Nunavut Baffinland Iron Mines may have to consider other routes to ship ore from its proposed Mary River mine site in Nunavut, due to public concerns presented to environmental assessors earlier this year. Ford overtakes GM in June sales in Canada June sales at Ford of Canada jumped 25 per cent while sales at General Motors Canada fell 31 per cent, the companies said Thursday.
U.S. sheds 467,000 jobs in June The United States lost 467,000 jobs in June, the Labour Department reported Thursday. Disappointing U.S. jobs data push stock markets lower Stock markets in Toronto and New York fell Thursday as U.S. employment data showed employers cut 467,000 jobs in June, driving unemployment to a 26-year high of 9.5 per cent. Air Canada deal rejected by machinists A section of one of Air Canada's unions has narrowly rejected the airline's restructuring plan, the International Association of Machinists and Aerospace Workers said Wednesday. 100 Huntley Street hosts suspended during Ponzi scheme probe Ron and Reynold Mainse have been relieved of their duties as hosts of Christian program 100 Huntley Street after allegedly becoming involved in a $14.1-million Ponzi scheme. Bell closes deals for The Source, Virgin Mobile Canada Bell Canada has completed two deals worth a total of $277 million, acquiring Canadian electronics retailer The Source and buying the half of Virgin Mobile Canada that it didn't already own. Investors more confident, poll suggests Canadian investors are increasingly confident, with real estate leading the way, the Manulife Investor Sentiment Index released Thursday suggests. AbitibiBowater names chief restructuring officer AbitibiBowater has appointed Bruce Robertson, a former senior managing partner at Brookfield Asset Management Inc., as chief restructuring officer as it tries to work its way out of bankruptcy protection.
is a member of eBay which is about 3 million people.
I hope that put things into context for you and made it is easier to visualise in your head. Contrary to what you may be thinking this is not an article to laud eBay or even too necessarily to convince you to start selling there. Given those massive figure, eBay sales still fits into that 10% of all sales I mentioned earlier. Remember there are huge sites like Amazon and search engine giants like Google and Yahoo who also fit within that 10%, let alone all the other larger, medium and smaller players. If nothing else this should illustrate for you how massive an opportunity it is out there and that we are really still only in its infancy even with all those impressive numbers. Cast your mind back just 10 years ago and most of these companies I mentioned didn’t even exist let alone the market itself.
Unfortunately I don’t have enough space here to go into extreme detail about what you can do step by step but I will give you a brief overview and if you want more information go to http://www.jiveguide.com. Did you know that you can get an entire book written for you for less than a $100 which you have full rights to sell? Did you know that you can get companies like Google, eBay and Amazon to send you cheques? Did you know with an Australian site like http://LayBy.com not only can you offer items for sale on LayBy with someone else managing the process for you for free but you can when other people list items for sale and also when you buy items? Did you know you can make more money online with no stock or payment handling of your own just selling other peoples great products? The list goes on and on and as I mentioned about all these things are that it takes little time, little money and requires no technical knowledge at all. The truth is that unlike real estate, share trading and business, this requires a lot less knowledge and far less money to get started and is easier and requires less time and effort to do anything.
TILL NEXT TIME.......
Chris Jacob
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