Some Things About Business

Monday, July 13, 2009

Hi everyone i hope you like my new blog. Jayan Keell

Here are some ideas i found that made people rich:

1. : If there is one thing dogs don’t need, it’s a pair of goggles, but this idea, which got its start online, has made millions of dollars and real stores have opened up all over the world. They took their original idea, of UV protective doggles and continued expanding their product line to include vests, other eye wear and even jewelry. People will spend countless dollars on their pets and this site more than proves it can pay off big time if you have a pet related product or idea.

2. Another one i found was the - This is one crazy idea that someone started, one guy made a site and sold one million pixels for a dollar a piece. He was very popular and ended up making over a million dollars. Since then he has gone to other money making projects.

3. This is about a teenage girl who started making templates, layouts and tutorials for and it was a huge success. She now has around 7 million visitors to her website a month. She has also managed to get big advertising deals worth $1.5 million.

4. Byron Reese got a postal address at the North Pole, pretended he was Santa Claus and charged parents 10 dollars for every letter that they sent to their kids. He sent over 200,000 letters since the start of the business in 2001, which made him a couple million dollars richer.

5. Create a deck of cards featuring exercise routines, and sell it online for $18.95. It doesn't Sound very promising But former army soldier and fitness instructor Phil Black reported last year sales of $4.7 million. It surely beats what the military will pay you.

6. Two teens had a simple idea; why not create an online yearbook for people? The idea turned into a social networking site and they’ve been able to raise more than $4 million

. The company now has 45 employees, 3 million members and some clout advertisers.

7. This guy uses his blog to write about how to hack into accounts and he makes a ton of money doing it. He covers everything under the sun from personal development to astral projection. He makes at least $300 a day for a few minutes of work. This website has people who are paid to name websites. Naming domain names for others turned out a thriving business, especially, when you make the entire process risk free. PickyDomains currently has a waiting list of people who want to PAY the service to come up with a snappy memorable domain name. PickyDomains is expected to hit six figures this year.

9. You know those little things you see on the top of car’s antennas? Jack Wall turned this into a multi-million dollar industry by selling them online. Joshua Opperman's fiancee retuned her engagement ring to him and he coudn't get the value back so he started a service online for people in the same situation. He now runs a very successful home business. Catherine Keane decided to make a business out of loading music on people’s iPod’s and it has paid off big time. She’s making more than $100,000 a year, after helping out a friend and realizing the kind of market that was out there.

More of these will follow, in the meantime here are some other posts:

America's Top 100 Paying Jobs

1. Financial Associate (Corporate) III

2. Group/Region Manager III (Commercial Loans)

3. Surgeon

4. Financial Associate (Public) III

5. Consumer Loan Area Manager

6. Managing Attorney

7. Divisional Merchandise Manager

8. Underwriting Manager

9. Commercial Real Estate Manager

10. Tax Attorney IV

11. Aviation Manager

12. Group/Region Manager II (Commercial Loans)

13. Group Branch Manager IV

14. Psychiatrist

15. Mergers and Acquisitions Manager

16. Lending Officer III

17. Employment Law Attorney IV

18. Research Fellow

19. Attorney III

20. Patent Attorney IV

21. Fuels Trader, Sr.

22. Physician

23. Tax Attorney III

24. Commercial Loan Team Leader

25. Regional Administrative Manager

26. SB Financial Services Manager

27. Executive Producer – Web

28. SBA Regional Sales Manager

29. Patent Attorney II – Biotech

30. Business Banking Manager II

31. Operations Research Analysis Manager

32. Biostatistician IV

33. Patent Attorney III

34. IT Account Manager

35. Funding Manager II

36. Applications Engineer V

37. E-Commerce Manager II

38. Treasurer Assistant

39. Regional Retail Sales Manager

40. Risk Modeling Manage

41. E-Commerce Strategy Manager

42. Applications Engineering Manager II

43. Professor - Law - Higher Ed.

44. Electric and Gas Operations Manager

45. Web Product Manager III

46. Cross-Platform Security Manager

47. Group/Region Manager I (Commercial Loans)

48. CRM Application Architect

49. Strategic Planning Manager

50. Web Security Manager

51. Group Branch Manager III

52. Nurse Anesthetist

53. Tax Research Manager

54. Managing Editor – Web

55. Program Manager

56. Sales Manager II

57. Operations Research Analyst V

58. Tax Attorney II

59. Env., Health, and Safety Engineering Manager

60. Business Development Manager, Sr.

61. Six Sigma Master Black Belt

62. Business Systems Manager (Banking)

63. Software Engineering Manager

64. ERP Project Manager

65. Dentist

66. Radiation Physicist

67. Community Development Manager II

68. Business Application Delivery Manager

69. Quality Assurance Engineering Manager II

70. Content Engineer III – Web

71. Expatriate Administration Manager

72. Production Engineering Manager

73. Data Warehouse Information Security Manager

74. Data Architect V

75. Interior Aircraft Assembly Manager

76. Plant Manager

77. Actuary V

78. Orthodontist

79. Change Management Specialist

80. Sales Representative IV

81. CRM Targeted Marketing Campaign Manager

82. Facilities Maintenance Manager II

83. Aircraft Maintenance Manager II

84. Test Engineering Manager II

85. Planner/Scheduler V – Construction

86. Attorney II

87. Cost Engineer V – Construction

88. Head of Ancillary Services

89. Product Marketing Analyst V

90. Expatriate Administrator IV

91. Health and Safety Manager

92. Physicist V

93. Configuration Analysis Manager

94. Operations Research Analyst IV

95. Production Scheduler Manager II

96. Spares Coordination Manager

97. Wafer Process Development Manager

98. Professor - Chem. Engineering - Higher Ed.

99. Strategic Planning Analyst V

100. Engineering Manager

Warren Buffett's Tips For Getting Rich

With an estimated fortune of $62 billion, Warren Buffett is the richest man in the entire world. In 1962, when he began buying stock in Berkshire Hathaway, a share cost $7.50. Today, Warren Buffett, 78, is Berkshire's chairman and CEO, and one share of the company's class A stock worth close to $119,000. He credits his astonishing success to several key strategies, which he has shared with writer Alice Schroeder. She spend hundreds of hours interviewing the Sage of Omaha for the new authorized biography The Snowball. Here are some of Warren Buffett's money-making secrets -- and how they could work for you.

1. Reinvest Your Profits: When you first make money, you may be tempted to spend it. Don't. Instead, reinvest the profits. Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he'd amassed $174,000 -- or $1.4 million in today's money. Even a small sum can turn into great wealth.

2. Be Willing To Be Different: Don't base your decisions upon what everyone is saying or doing. When Warren Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to tell his parents where he was putting their money. People predicted that he'd fail, but when he closed his partnership 14 years later, it was worth more than $100 million. Instead of following the crowd, he looked for undervalued investments and ended up vastly beating the market average every single year. To Warren Buffett, the average is just that -- what everybody else is doing. to be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world's.

3. Never Suck Your Thumb: Gather in advance any information you need to make a decision, and ask a friend or relative to make sure that you stick to a deadline. Warren Buffett prides himself on swiftly making up his mind and acting on it. He calls any unnecessary sitting and thinking "thumb sucking." When people offer him a business or an investment, he says, "I won't talk unless they bring me a price." He gives them an answer on the spot.

4. Spell Out The Deal Before You Start: Your bargaining leverage is always greatest before you begin a job -- that's when you have something to offer that the other party wants. Warren Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shoveling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split. Warren Buffett was horrified that he performed such backbreaking work only to earn pennies an hour. Always nail down the specifics of a deal in advance -- even with your friends and relatives.

5. Watch Small Expenses: Warren Buffett invests in businesses run by managers who obsess over the tiniest costs. He one acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only on the side of his office building that faced the road. Exercising vigilance over every expense can make your profits -- and your paycheck -- go much further.

6. Limit What You Borrow: Living on credit cards and loans won't make you rich. Warren Buffett has never borrowed a significant amount -- not to invest, not for a mortgage. He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest.

7. Be Persistent: With tenacity and ingenuity, you can win against a more established competitor. Warren Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator. To Warren Buffett, Rose embodied the unwavering courage that makes a winner out of an underdog.

8. Know When To Quit: Once, when Warren Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. He felt sick -- he had squandered nearly a week's earnings. Warren Buffett never repeated that mistake. Know when to walk away from a loss, and don't let anxiety fool you into trying again.

9. Assess The Risk: In 1995, the employer of Warren Buffett's son, Howie, was accused by the FBI of price-fixing. Warren Buffett advised Howie to imagine the worst-and-bast-case scenarios if he stayed with the company. His son quickly realized that the risks of staying far outweighed any potential gains, and he quit the next day. Asking yourself "and then what?" can help you see all of the possible consequences when you're struggling to make a decision -- and can guide you to the smartest choice.

10. Know What Success Really Means: Despite his wealth, Warren Buffett does not measure success by dollars. In 2006, he pledged to give away almost his entire fortune to charities, primarily the Bill and Melinda Gates Foundation. He's adamant about not funding monuments to himself -- no Warren Buffett buildings or halls. "I know people who have a lot of money," he says, "and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you'll measure your success in life by how many of the people you want to have love you actually do love you. That's the ultimate test of how you've lived your life."


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