April 2009

This niche is obviously profitable. It’s because most people are buried in debt and that includes those monster plastic cards. For example, if a credit card holder cannot pay it’s monthly dues, he has to take another loan just to pay the credit card debt and that is what debt consolidation companies do.  This is popular in the U.S. because your credit standing will affect everything, if not, then most of the things in your life like employment and loan application. Unlike in the Philippines, as far as I know ( maybe you will disagree, specially the collectors. he he he ) the only thing that can affect you is applying for another credit card or another bank loan because even if the bank sues you, if you have no money to pay them back or no valuable properties, that’s it! But in fairness, the banks don’t lose a thing.

Bad debts are tax deductible and their credit card interests are very excessive and unconscionable at 3.5% a month or 42% per annum plus penalties because their alibi is it’s an unsecured loan. So if that is the case, why collectors have to make a debtor’s life miserable? it’s because it is profitable, see the “‘debt consolidation” niche below at $21.15 per click? A debtor will avail of another loan just to pay a collector (debt consolidation) for a debt that has been already been paid by the government (their tax deduction) and paid by other credit card holders of their excessive interest rates. Makes sense doesn’t it?

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My post title sounds ridiculous wasn’t it? how can I compare an aircraft to an entrepreneur? It just came out of my mind as I was watching Betty La Fea (the Philippine version) where Bea Alonzo played the part. The episode I’m watching is where the CEO and his son (John Lyod Cruz) sold ECOMODA and bid farewell to their employees. Maybe it’s not related to my topic, but it reminded me of the good old days when my father still have his business but now it’s gone. Some of my years of employment flashed back to my mind and remembered when I was still employed. I said to myself, being an employee makes me depended to an employer and it reminded me of an airplane that couldn’t fly. You know, the kind of aircraft that only flies on your imagination. Like an aircraft that uses a steam engine to sustain itself though to air which is impossible because it was indeed heavy. Another one is, it’s similar to a toy airplane with a string attached to the fuselage and hang it on your ceiling. To make flight possible, you need an engine light enough to carry itself in flight. So that is why light metal like aluminum alloy is used to construct an aircraft engine.

To become an entrepreneur, in my opinion, you also need to sustain yourself independent from employment. Like an airplane that can fly though to air without anything to support itself, only wings and thrust created by the engine. I know it is hard and when I was still employed I thought I could never do it. In my case it was kind of divine intervention and did not do it on purpose so I can’t advise people to just jump out of employment without planning. So like an aircraft, we can learn some lesson from it. Before we can be assured of the flight safety of an aircraft, we have to make series of test. Do you know that before an aircraft is permitted to fly, it should have a permit from the Air transportation Office (Now CAAP) checked by an authorized Aeronautical engineer for it to be airworthy? So as a starting entrepreneur, we should also make a series of test before we take our maiden flight!

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You can’t believe your eyes huh? A niche with a pay per click value of $14 with just a simple phrase of Answering Service? Looks like this niche is lucrative. Imagine, advertisers are willing to bid on this high paying keyword? It must have been in demand.

So again just see the details below and all the list of keywords combination for this niche.

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Again I got a niche for you that you won’t believe how expensive the pay per click bid is. 14 dollars per click.  I’m wondering why it cost that much. But even though the cost is that much, it is very competitive.

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Today’s niche is:  Mortgage Rates

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There is a new site which is useful for promoting local brick and mortar Small and Medium Scale Business. Usually, brick and mortar businesses, I mean those businesses established physically are very hesitant on having an online presence. The primary reason is additional cost because you need to hire someone who is technically knowledgeable on creating, maintaining and promoting websites. But now, it is not hard for a small business owner to have an online presence. You just have to register on a site called Bizster.

Bizster was launched by Planters Development Bank and you will find it by going to this URL address: http://www.bizter.com.ph. It was designed as an online social networking site for Pinoy SME. Any SME can sign up for a Bizster account for free., thus making itself more widely visible to other people or businesses that might need its products or services. With Bizster’s user-friendly tools, one can also create a business website easily even without being web savvy or not having technical background of making websites. But still, this is not a substitute for a fully functional website having your own domain name (e.g. www.pepsi.com). It’s only a social networking website like Friendster or Facebook.

Since the beginning of the US financial crisis, I’m not sure what is the real reason behind it until I found this video of msnbc.com by Rachel Maddow Show on a segment called “Cops and Robbers Baron”. She was pointing out the effects of deregulating banks which I found very interesting (Robbers on spaceships and cops on horseback). The two legislation that sets the time bomb of the current economic crisis, one was the “Gramm-Leach-Bliley Financial Services Modernization Act”, enacted November 12, 1999, the other one was “Commodity Futures Modernization Act of 2000,” which is what deregulated Credit Default Swaps. Those two legislation wiped out the legislation passed during the great depression to protect them from, as we see it today, another great depression?

So what is this got to do with the banks here in the Philippines? although the effect of the US financial crisis was global, financial experts here say we are not totally affected. We still have our own economy. And as far as I know we have regulations imposed by the Banko Sentral ng Pilipinas (Central Bank of The Philippines) to avoid credit risks. One good example is the Circular 389 series of 2003. [click to continue...]