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How to Make Money from Home

How to Make Money from Home with an Online Job

Online jobs, as defined in this post, are jobs that offer you the ability to work from home using your computer and in some cases, your computer and telephone. Employers pay you to perform work that you complete over the Internet and allow you to make money from home.

Companies such as Monster and LinkedIn the starting point when it comes to using the internet to find talent, according to Elance CEO Fabio Rosati. In the future, it will be common for businesses not only to identify candidates online, but also to interview, hire and work with them at a distance. "The initiation of the search begins online already," he told GigaOM in an interview. "The piece that we predict will be accelerating is the amount of hiring that will actually be completed online to result in an online working relationship. Within a few years, your ability to work remotely will be so extraordinarily compelling that we will literally not even feel the need to meet in person."

Half of businesses will have online teams by 2020. Both a recent survey from Elance competitor oDesk and recent comments made to GigaOM by Gene Zaino, CEO of MBO Partners, have indicated that businesses increasingly see hiring contractors as a long-term strategy and competitive advantage, rather than a short-term stopgap or simple cost-cutting measure. Elance apparently agrees with Rosati explaining how more and more businesses will come to see the benefits of online hiring and come to view the practice as a normal, if not essential, business practice.

"We estimate probably less than ten percent of businesses have online teams right now. We are pretty much at the same stage where eCommerce was at the beginning of the last decade," he said. "Around 2000 probably one in ten had a website and an online presence. By the end of the decade about half of businesses had an online presence and if they didn't, they were planning to. We believe the same thing is happening to building online teams and having workers who work for you in the cloud. In the next eight years we're going to see substantial acceleration of this trend and it will become a mainstream phenomenon."

Online advertised vacancies were up 155,900 to 5,060,100 in June, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series. The May Supply/Demand rate stands at 2 unemployed for each vacancy, with a total of 4.9 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 9.8 million in May.

"The June increase of 155,900 is positive news. However, the net effect is that labor demand was basically flat for the first six months of 2014," said June Shelp, Vice President at The Conference Board. "There is churn in the labor market as people change jobs. Most of the gains since last June were in the lower-paying service jobs, not the higher-paying professional jobs."

Since June 2013, advertised vacancies for professional jobs dropped by almost 80,000 while service/production jobs gained a total of 170,000 vacancies. Since last June, employer demand has been down for the higher-paying professional jobs (where the average pay ranges from $34/hour to $53/hour). Professional occupations like managers (-8,300), business and finance workers (-11,200), and even computer workers (down 51,000) all dropped. In contrast, lower-paying jobs (where the pay ranges from just over $10/hour to $20/hour) gained. Transportation workers (+73,000), office support (+42,100), production workers (+19,300), and construction (+19,300) all rose. (See Table 7 for the year-to-year movement and average salaries for all major occupations.)
How to make money from home


How to Make Money from Home with Online Business Opportunities

Online advertising, also called Internet marketing or Internet advertising, is a form of marketing and advertising which uses the Internet to deliver promotional marketing messages to consumers. It includes email marketing, search engine marketing (SEM), social media marketing, many types of display advertising (including web banner advertising), and mobile advertising.

Like other advertising media, online advertising frequently involves both a publisher, who integrates advertisements into its online content, and an advertiser, who provides the advertisements to be displayed on the publisher's content. Other potential participants include advertising agencies who help generate and place the ad copy, an ad server who technologically delivers the ad and tracks statistics, and advertising affiliates who do independent promotional work for the advertiser.

Online advertising is a large business and is growing rapidly. In 2011, Internet advertising revenues in the United States surpassed those of cable television and nearly exceeded those of broadcast television. In 2012, Internet advertising revenues in the United States totaled $36.57 billion, a 15.2% increase over the $31.74 billion in revenues in 2011. U.S. internet ad revenue hit a historic high of $20.1 billion for the first half of 2013, up 18% over the same period in 2012. Online advertising is widely used across virtually all industry sectors.  This is how to make money from home if you are skilled at marketing or can learn the tips and tricks.

Types of ways to make money from home include:

· Advertiser

· Affiliate Manager

· Affiliate Marketer

· Blogger

· Membership Site Owner

· Online Publisher (Self-employed)


Conclusion

I have explained how to make money from home with online jobs as well as painted a picture of the future for online employment.

Using the right resources, you can earn a part-time or a full-time income working from the comfort of your home.

Click here to learn how to make money from home with an online job.

How to Make Money from Home - Getting an Online Job

How to Make Money from Home with an Online Job

One of the major problems with getting a legitimate online job is Google. This is what I mean by that shocking statement. I just googled "online jobs" and the results included: blogs that provide information about work-at-home opportunities. Two employment websites; Indeed.com and CareerBuilder.com, and a couple of websites with several companies offering legitimate online jobs (low-paying jobs however).

I'm trying to figure out how to make money from home with an online job; not a work-from-home opportunity or a home-based business. Not that there is anything wrong with legitimate work-from-home-opportunities or legitimate home-based businesses. I want to trade time for guaranteed wages in order to create an income I can rely on every week.

Clicking on the Indeed.com link, I saw a job listing for a "Search Quality Moderator - Entry Level", a job listing for a "Representative, Customer Service", and a job listing for an "Online Sales Representative" in the advertisement section (top 3 listings). I saw a "Help Needed Online Ad Processors" job listing below the advertised job listings. The rest of what I saw were non-online job related listings.

CareerBuilder offered a few more relative job listings which appear to be for actual online jobs but I needed to carefully read the listing heading and information in order to determine if it is for an online job or a job which contains the word "online" such as "Senior Manager, Online Marketing" and "Advertising Sales Representative (Online Media)". Neither of these job listings were actually online jobs but rather jobs that required activities in the online realm. Both of these listings required the employee to travel to an office location, work a full day, then leave the office. Not online opportunities that I'm seeking.

Many of the work-from-home opportunities in the search results include envelope stuffing, and product assembly. Some of the opportunities in the search results include online re-seller activities through eBay, which is actually a home-based business rather than an online job, affiliate blogger, which is actually a home-based business rather than an online job, beauty product seller, which is actually a home-based business rather than an online job.

Most of the legitimate listings I found in the result set included low-paying, customer service types of online employment. Nothing that I could rely on to sustain my standard of living.  Not how to make money from home in my opinion.

There are a lot of irrelevant results from the Google search in my experience. Time wasted on weeding out the illegitimate, low-paying jobs could be spent on applying for legitimate, high-paying online employment.

Scams
Another major problem is the number of scams that exist. These scams are not just time wasters but can cost you a great deal of money. Many of them request your bank or credit card information and proceed to deduct funds. Some scams can drain your bank account completely.

Many online job scams originate outside of the United States. Federal officials have identified many scams:

• Telemarketing Fraud

• Nigerian Letter or "419" Fraud

• Identity Theft

• Advance Fee Schemes

• Health Care Fraud or Health Insurance Fraud

• Redemption / Strawman / Bond Fraud

• Letter of Credit Fraud

• Prime Bank Note Fraud

• "Ponzi' Schemes

• Pyramid Schemes

• Market Manipulation or "Pump and Dump" Fraud

Several scams are directly related to online job offerings. Other scams are indirectly related to online jobs and/or work-from-home opportunities.

Populating Employer Database
Another major problem is the number of employers that rely on job listings in order to maintain their resource pool or online personnel database. Many companies post online job listings for the purpose of populating their "supply" database. The reason for this is the employer needs to demonstrate its ability to provide suitable employees to stakeholders should the company decide to increase the number of online jobs.

Many employers are considering migrating from traditional jobs to online jobs in order to reduce overhead. A database full of potential candidates gives the employer a sense of security and enables the employer to make decisions about replacing traditional jobs with online jobs.

Many applications you submit are for "place-holder" online positions that may be filled in the future or may never filled at all.

Competition
Another major problem is the number of candidates applying for online jobs. According to an article in the Huffington Post, there are 3 unemployed people competing for every traditional job opening. The article made no mention of online jobs or related ratios but it can be assumed that the ratio is much higher. The reason I make that assumption is the fact that more and more people are looking for ways to make money from home than ever before. Either to supplement their income or replace their income.

These types of jobs offer many benefits such as gas savings, time savings, flexible schedules, and more control of your life in general. Millions of people are looking for ways to reap these benefits. So it is fair to say that competition for online jobs is fierce.

Skill sets
Another major problem is the types of skills required to qualify for online employment. Elance-oDesk (formerly Elance) is a company that specializes in providing employees with freelance employment opportunities. The company boasts it has over eight million freelance employees from over 180 countries. A report was released earlier this year and below are some key findings from the report:

The hottest skills in demand according to an analysis of the more than 650,000 jobs posted on Elance this year include -

Software development skills such as HTML5 (+238 percent), Mobile (+137 percent), WordPress (+100 percent), Facebook (+66 percent) and Twitter (+47 percent)
Creative skills like Graphic Design (+176 percent) and Content Writing (+72 percent)
how to make money from homeMarketing skills such as Internet Marketing (+132 percent), Marketing Communications (+53 percent) and Telemarketing (52 percent)
Administrative skills, including Transcription (+114 percent), Administrative Support (+87 percent) and Data Entry (+69 percent)
Consulting skills ranging from Product Manufacturing (+186 percent),
Architectural Design (+185 percent), Financial Analysis (+140 percent) and Legal (+86 percent) to Business Strategy (+76 percent)
Many of the online jobs listed on Elance-oDesk's website and similar websites require specific skill sets. People who lack experience with technical, creative, consulting, or administrative jobs do not have the required skill sets and are at a disadvantage.

Conclusion
Wasted time, energy, and money can be avoided when searching for a legitimate online job if you have the right approach. You can acquire the appropriate skill sets in order to get an online job if you do not currently possess them but you will need to understand which skills are needed and how to acquire those skills.

Use proven strategies if you are serious about getting a high-paying online job in order to avoid getting scammed.

Click here to learn how to make money from home with an online job.

Facts You Should Know About Retirement - Before You Retire

How much money will you need for retirement?

One of the biggest questions that needs to be answered when determining your retirement strategy is how much you will need for retirement.

A rule of thumb is that you will need approximately 70% of your household pre-retirement annual net salary in order to maintain your current lifestyle.

So, if your household pre-retirement net annual salary is $40,000, you will need $28.000 annually ($40,000 * .70 = $28,000).

That might be enough if your mortgage is paid off and you are in excellent health when you leave your employer for good. But if you plan to vacation around the world, build your dream home, or get that RV you've always wanted, you may need substantially more than 70% of your pre-retirement annual net salary.

It's critical to be realistic and make realistic estimates about what kind of expenses you will have in retirement. Understand how you want to live in retirement and how much it will cost. These estimates are important when it comes time to figure out how much you need to save in order to afford your retirement.

At what age can you begin receiving Social Security benefits?

Full retirement age had been 65 for many years. However, beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959. By the way, the earliest a person can start receiving Social Security retirement benefits will remain at age 62 according to the Social Security Administration.

How long will you live?

Life expectancy in the USA rose in 2012 to 78.8 years according to USA Today.

With this in mind, you will need $28,000 each year for 11.8 years (age 78.8 - age 67 = 11.8 years) in order to maintain your current lifestyle during retirement.

So, by the age of 67, you should have $330,400 in retirement savings ($28,000 * 11.8). This is considering you won't invest your money after reaching age 67. Most people will keep their money "close to home" in a money market savings account, money market CD, or municipal bonds that are very secure. These investment vehicles offer extremely low returns but are among the safest ways to continue grow your nest egg during your retirement years.

Watch out for unexpected expenses.

Health care is often the biggest expense in retirement as well as the hardest expense to predict. According to a survey released by Merrill Lynch and the research firm Age Wave, health care expenses were the top financial concern in retirement for people over the age of 50. Survey respondents said they were more worried about health care costs than they were about Social Security or the risk of running out of money.

Another finding from the survey is that more than half of retirees retired earlier than they expected, and the number one reason for their early retirement was a health-related problem.

The study found that, regardless of wealth level, health care expenses rank as the most pressing financial concern in retirement (41 percent), exceeding even the fear of outliving one's money (29 percent). In fact, people age 50+ are nearly twice as worried about the cost of retirement health care as they are about the actual quality of care they might receive.

"Health challenges can be a double threat to retirement financial security," said David Tyrie, head of Retirement and Personal Wealth Solutions for Bank of America Merrill Lynch. "Between unpredictable and costly health care expenses and unexpected early retirement due to health problems, planning ahead can be confusing and overwhelming. People are increasingly seeking guidance to help them make informed decisions, for themselves and their families."

The majority of retirees surveyed (55 percent) retired earlier than they had expected, while 38 percent retired when they planned to, and just 7 percent later than they expected. Although early retirement has often been equated with financial success, today's retirees age 50+ cite health problems as the top reason (37 percent).

According to the study, people are more concerned about the financial impact of a spouse's serious illness (66 percent) than they are about their own illness (62 percent). Women, who are likely to live longer and more apt to spend down savings on their spouse's health care, are even more concerned than men (70 percent vs. 62 percent) about the financial impact of their spouse developing a serious health problem. The study also finds that many people age 50+ anticipate they would help other family members facing health problems and health care costs. This may be one reason why people's concerns about how to plan for health care costs include potential health problems of their children (50 percent), parents (32 percent) and siblings (29 percent).

You may want to spend some time with online retirement calculators to determine whether you are on target for your retirement goal (or what your goal should be in some cases.)


How to Make Money from Home

Don't be alarmed if you are behind schedule. Thanks to compound interest, you may be able to make up lost ground fairly quickly if you put your money into the right investment vehicles. You may also find that there are ways to make extra money from home for investment purposes. For example, you may discover a way to earn an extra $2,000 or more per month working from home. Placing that $2,000 into a high-yield investment vehicle can do wonders for your retirement plan over time.

Online employment and online business opportunities are great ways to earn extra money.  Work from home in order to increase your retirement savings if necessary.  Getting an online job may allow you to utilize your skills and experience while helping you make money from home.  There are plenty of ways to make money online and there are posts which provide details on how to make money from home with an online job.  Click here to learn how to make money from home and how to find a legitimate online job.