Starting Your Online Business? Overlooked Methods Will Make You Regular Online Income

If you are serious about starting your online business, then you need to pay close attention to what you are about to read. This will be the difference between making it fast or losing time, money and energy without getting anywhere after trying and failing many times. Finally, you will be able to have a general knowledge of what to expect while starting your online business and how to go about things. These are the ultimate overlooked methods that have prevented thousands from earning regular income online.Business Ideas
As you search for ways of earning extra money online, you will be exposed to so many kinds of business start up ideas. They are so many that you can get overwhelmed by the amount of information available. Some of the business ideas you can use while starting your online business include affiliate programs, Google AdSense, Google AdWords, creating and selling your own information product, or providing various kinds of services. This will depend on your skill of course. These are just a few. The truth is that even popular internet millionaires started from a single idea. You must start from a single idea, or else, you are doomed. People are still getting into online businesses in droves, because they are very lucrative. The keyword here is to choose a single area of concentration when starting your online business.Start Up problems
Once you have made up your mind to concentrate on a single business idea while starting your internet business, you still need to overcome some of the likely problems you will encounter. This is because there are many ways of tackling every single business idea. For example, in an area like affiliate programs, new and sophisticated pieces of software which will automate this business idea are being released on almost weekly basis. By trying to figure out and catch up with what is happening while starting your online business, you may find yourself having problems of information overload, lack of focus, fear of catching up, spending money on the latest software and so on. This method starting your online business will very quickly make you to start chasing get rich quick schemes.Get rich quick schemes
When you are starting your online business by chasing after get rich quick schemes, you will soon find yourself losing focus, and chasing after every kind of scheme, especially when you later find out that you have actually made no dime, even after following your passion like a dedicated employee.Headlines like ‘how I made $3,000 in two days with minimal effort’ or how you can make $100 in two hours are not uncommon. These are normally some of the schemes to avoid while starting your online business.

Personal Property Claims – The “Gotcha” in Every Property Policy

Personal property claims can be some of the most frustrating claims in the insurance claims process. The deck is stacked against you if you have any kind of insurance policy that insures your personal property. This is true for property owned by homeowners and renters as well as the personal property owned by businesses and other commercial entities.Personal property, also commonly known as “Contents,” is usually described as any property in or on the insured premises not permanently attached to the building. Naturally, your policy will give you a definition that is more exact that this one, and will also have exclusions about some property that is not covered.Many property insurance policies have the Replacement Cost (RC) Endorsement on the policy that covers the contents. The claims process for your Contents is the trap laid by the insurance companies. Don’t think that your insurer wouldn’t do that to you…they ALL do it.Here’s the method of settlement found in all policies with the Replacement Cost Endorsement.You submit your contents claim inventory. On that inventory you will have listed all of your contents, item by item, and the replacement cost. The insurance company will apply depreciation to each item of your contents, based upon its age and condition. Subtracting the depreciation amount from the replacement cost gives you the Actual Cash Value (ACV) of your property, whether business or personal.The insurance company settles RC claims by issuing two separate checks. The first check will be for the ACV amount. According to the Loss Conditions in the policy, the insurer only pays you the RC of your contents once the replacement has been made.For example, if you had an item with an RC value of $1000, and the depreciation amount was 30%, or $300, you would receive the first payment of $700. But, $700 does not replace the item. In order to receive the RC amount you will have to use $300 of your own money plus the $700 paid by the insurance company to make the replacement purchase. Then you are eligible for the second check, the $300 reimbursement.Now…think about the same example if your entire contents claim is $100,000.The insurance company “holds back” $30,000. In order for you to make the replacement purchases, you will have to find $30,000 of your own money, make the purchases, and then get reimbursed by the insurance company.Where are you going to get that $30,000? Savings? Credit Card? Get a loan? Or perhaps you’re like many people that don’t have those cash resources available to them. They cannot make the replacements at all.Do you see the trap?Here is a strategy of three things you can do to minimize the effects of the Depreciation Trap.1. Demand that the insurance company provide you a copy of the Depreciation Tables that they used to calculate your loss.2. Compare each item, line by line, to be certain that the proper amount of depreciation was assessed by the adjuster.3. Challenge any and all incorrect depreciation amounts.By using this three-step strategy, you will maximize your Contents claim amount.There is another Contents strategy that you MUST use when documenting your Personal Property claim. It relates to the personal property you won’t be replacing.I knew a family that had a major fire loss. The wife was an attorney for many years. Then, when she had her first child, she decided to leave the business world and be a full-time mom. She had a closet full of expensive business suits, blouses, shoes and accessories. She was not going to replace them, since she was not using them any more for work clothing. So, we worked hard at establishing the highest possible value on her wardrobe. The ACV money that the family was paid for her wardrobe was used to make RC purchases of other items that did need replacing.You can use this strategy in your Contents claim. Your home, condo, apartment or business is full of personal property that you’ve purchased over the years that (a) is obsolete or (b) you’re not using anymore. A business could have inventory items or office equipment that is unsold or obsolete. In each case, you have every right to be paid the correctly calculated ACV for those items. Then, you can use those dollars to offset the “holdback” amount when you are making your replacement purchases.Don’t be a pushover! Don’t allow the insurance company to depreciate your Contents without a fight!Fight back and WIN!