Published on: 26 June 2018
Last Updated on: 13 October 2020
Every day more and more people use the opportunity to turn their knowledge and skills in the field of creating the video into an additional or even the main source of income, which can be created entirely without investment. If in parallel with the development of the YouTube channel, you want to develop your own website, then you need a guide for starting the online business. To create a site, you can exploit TemplateMonster, where there are many different templates, and you will definitely find something suitable for you.
Do you wonder how to make money on YouTube in 2018? Then we will consider how you can earn on your YouTube channel and what you need to do in order to get the maximum profit at the current attendance.
Method 1: Video ads:
Placement of links to the site of the customer in the description of the video. The main condition that must be clearly observed is that such advertising should correspond to the theme of the video.
Placement of contextual advertising Google Adsense in the video. This is a text message, which is shown for a while, most often at the bottom of the clip. To show ads, you need an account in Adsense, where you need to allow the display of this kind of information. Revenue depends only on the number of views and clicks on advertising.
Placement of banner ads on the channel page. Payments are made either per click or per thousand layouts. The connection occurs through the same Adsense, so it is also suitable for all channels.
Placement of commercials before or after the video. This kind is paid only if the user views 30 seconds of the commercial. This variant is for channels with good viewing depth.
Method 2. Sale of goods or services:
This is the second way that shows how to monetize YouTube. Based on the opinions of authoritative video bloggers, one can safely say that this method is the most profitable among others.
For example, in the case of earnings on contextual advertising, you get only a small part of the money, thanks to which the advertiser sells his goods or services, which means it’s profitable for him.
By selling your products, you accordingly receive all the money that you can earn from advertising.
Method 3: Affiliate Programs:
If you for some reason don’t want to sell your own products or services, then you can advertise on your channel products of third-party authors that correspond to the theme of your video blog.
Method 4. Earnings on other people’s videos:
You can earn on YouTube without even having your videos. To do this, you will have to find the necessary videos and place them on your channel, and then they will be programmed into their affiliate programs, contextual or other advertising.
Method 5. Earnings with streams and donations:
You create live broadcasts, collect viewers, and motivate them to send donates. The method is suitable for channels that already have an audience.
How does YouTube send you money?
The advertiser pays Youtube only for displaying ads and for clicking on it, after which he gives the channel owner 68% of the price that the advertiser paid for the same view or click.
How many views do you need to make money on YouTube?
How many YouTube pays per 1000 views? An exact answer to this question can’t be obtained, someone earns 1 dollar from a thousand views, someone more. Everything depends on the topic and, of course, on the channel’s audience. The average amount of revenue for 1000 impressions is $2. The amount is small, but at the same time, if the channel has an audience of 100,000 subscribers, then the monthly earnings will be quite significant.
Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.
The journey towards a fulfilling retirement is unique for everyone, and self-managed superannuation funds (SMSF Australia) are becoming a pivotal tool in achieving personalized retirement goals.
This article delves into how you can align your SMSF with your individual lifestyle aspirations, ensuring that your retirement years are not just financially secure but also align with your vision of an ideal lifestyle.
What Is a Self-Managed Super Fund?
A self-managed super fund is a private super fund you generally manage yourself. The SMSMs are different, and they vary according to the diverse industry. When you manage your own fund, you put the money you normally would keep in retail.
What Are The Benefits Of The SMSFs
The SMSFs can help you offer diverse options, including direct property, physical gold, managed portfolios, and collectibles like the artworks. Most superannuation funds allow you to invest assets like fixed interest, shares, and property via managed funds. However, we provide a range of benefits the SMSFs can offer you here.
Estate Planning
With the help of the SMSFs, you have far greater flexibility when acquiring and selling investments. This particular hands-on approach can mean the market conditions can change if you can respond by adjusting the portfolio of investments.
Pooling Your Super
Another prime benefit you can reap with the SMSFs' help is the ability to pool your resources with three members. This increased pool may enable you to get diverse opportunities for investments, which may not be available with your SMSF.
Effective Management Of Tax
With the help of the SMSF, you have far greater control over your investment decisions. It may enable you to manage the tax position. You may already know how important it is to effectively carry on with tax management. For instance, the current tax rate on the earnings from the superannuation funds is close to 15%. But there is no payable of tax within the funds as the assets wholly support an income stream like the pension.
Aligning Financial Goals with Personal Aspirations
Explore the critical steps to tailor your SMSF to reflect your personal aspirations, including income needs, travel dreams, healthcare considerations, and hobbies. We'll guide you through integrating these elements into a comprehensive SMSF strategy that supports your retirement vision.
Identifying and Achieving Your Retirement Goals
Understanding and clearly defining your retirement goals is the first step towards a satisfying retirement. In this section, we discuss how to align your SMSF with your unique retirement vision, emphasizing the need for a strategy that not only ensures financial security but also personal fulfillment.
Mapping Your Ideal Retirement Lifestyle
Discover how to effectively map out your ideal retirement lifestyle, considering factors like desired income, hobbies, and travel plans. We provide insights on how to adjust your SMSF investments to support these lifestyle choices, ensuring a retirement that is both financially stable and personally rewarding.
Building a Robust Financial Foundation: SMSF Wealth Accumulation Strategies
To achieve your retirement dreams, it's essential to build a solid financial foundation through effective SMSF wealth accumulation strategies. This section focuses on creating a strong financial base within your SMSF, exploring strategies that balance growth and security to support your long-term lifestyle goals.
Tailoring Investments to Support Your Lifestyle Dreams
Dive into the specifics of tailoring your SMSF investments to build a portfolio that not only grows wealth but also aligns with your lifestyle aspirations. From selecting the right asset mix to understanding market dynamics, we guide you through creating an investment strategy that supports your vision for retirement.
What Is To Be Done Before Setting Up An SMSF?
If you want to set up an SFSF, ensure it does a few things.
Comparing The SMSFs with Other funds
When accessing an SMSF or any other monetary benefit scheme, you must thoroughly compare it.
Members And Trustees
Firstly, the SMSFs possess a maximum of six members. All the members must be the trustee's directors. It also means that the members can have control and management over that of the SMSFs.
But with the other super fund, there is no limit to the members. Generally, the licensed trustees are held responsible for managing the funds.
The trustees work to develop and implement the fund's investment strategy and make the investment decision. But with the other SMSFs, most allow you control over the risks.
Insurance
In the SMSFs, usually, the trustees must consider whether or not to purchase the insurance for their members. The premium of insurance may be higher than that of teh other funds for insurance. On the other hand, most insurance costs are lower. This is because the large funds get discounted premiums.
Considering the Cost, Time, And Skill Needed
You need to possess teh time and also the skills so that you can manage the funds. As a trustee of the SMSF, you will be held accountable. You will have to make all the decisions linked with the investment.
Yes, it costs some money to build and, after that, run the SMSFs. Not only this, but the SMSFs' fees are higher than those of the other funds. What you need is to give shape to your investment strategy and thereafter review and update it on a regular interval.
Therefore, you will have to bear all the expenditures relating to the audits. With most SMSFs, you get facilities like legal fees, financial help, SMSF assets’ valuation, insurance for the members, and others.
Implementing Your Custom SMSF Strategy: Bringing Your Retirement Vision to Life
Bringing your retirement vision to life requires a bespoke SMSF strategy that encompasses all aspects of your dream retirement. This final section offers practical advice on implementing your tailored SMSF plan, ensuring that it is adaptable, compliant, and aligned with your evolving life goals.
Here, we outline the practical steps to implement your customized SMSF strategy, including considerations for healthcare needs, travel aspirations, and lifestyle choices.
We also emphasize the importance of professional guidance in navigating the complexities of SMSF management to bring your retirement dream to fruition.
Read Also:
3 Great Things About Living In Retirement Villages
4 Fun Jobs After Retirement That Offer You a Monthly Income
The Importance Of Bond Insurance In Financial Planning
As the official bullion coin of the U.S., the gold American eagle coin is sought-after by investors and numismatics. These consumers are intrigued by the coin's all-American precious metals, the reputation of the coin, and the intricate, detailed design. The interest in collectors for this coin is also due to being one of the top-selling billions in the country.
Serious investors also want to know that they are putting their money into an investment they can count on. Security of investment is a given with American gold eagle coins, as they are the only coins officially backed by the U.S. government. The guarantee eradicates concerns over the coin's validity in value, which tells investors they are truly getting what they pay for.
With guaranteed quality control, investors and numismatics never need to worry about their investment's content, purity, weight, or quality of metal. With these facts secured, the investment is set to be used as legal tender or secured as an asset. While the legitimacy of the coin is the most crucial fact about the American Eagle gold coin, here are five additional fun facts to note.
1. The American eagle gold coin is more scratch-resistant than gold buffalos.
The polished surfaces and keen attention to detail are showcased on American eagle gold bullions; their beauty adds to the investor and numismatic interest. Since the American Eagle gold bullion contain 10% copper and silver alloys, it is notably more scratch-resistant than its counterparts, 24-karat Gold Buffalos. Additionally, the U.S. Mint tailors coin production to meet the aesthetic appeal of collectors.
2. There are more opportunities for creative collection display.
Collectors interested in placing their coins into a portfolio may wish to display their collectors' coins in a unique and creative way. For instance, some collectors may arrange coins based on historical significance, others by type or style. With the American eagle gold coin, you can also organize your portfolio by coin similarity.
For example, the Gold Eagle is similar in design to the Double eagle gold coin. On both coins, Lady Liberty and an American eagle are displayed. Additionally, both indicate the currency value and mintage dates.
3. The gold is sourced by the U.S.
All Gold Eagle coins are produced with gold sourced only from the U.S. The coins may not include metal from unknown or foreign sources during the minting process. As a legal requirement, these specifications are not to be altered for any reason. For collectors looking to invoke patriotism and American pride into their collection, the American Eagle gold coin is a wise investment choice. American-derived gold is of significant historical influence as well for collectors or investors interested in obtaining a piece of American history.
4. The coin value will always remain what it is.
No matter if the price of gold decreases, the American Eagle gold coin retains the value that is minted onto them. Each coin has a face value from five to fifty dollars of legal currency. Regardless of changes in currency, the coin value is maintained, making Gold Eagles a wise investment for those looking to add tangible assets to their portfolios.
Likewise, collectors looking to compile assets to pass on can achieve peace of mind knowing that the American Eagle gold coin will not depreciate in value, no matter how much time goes by or how American currency changes over time.
5. These coins offer the historical significance of legal tender.
Some collectors and investors want to purchase coins that offer historical significance. Interest or appreciation for rich American history can be acknowledged by purchasing a Gold Eagle coin. The first Gold Eagle was introduced in 1986 in response to the Gold Bullion Coin Act Of 1985. The act recognized the value of gold coins with legal currency and precious metals. The American eagle gold coin is the established, official U.S. gold bullion.
Invest in coins with permanent value and lasting significance.
The American eagle gold coin offers numismatics and investors the opportunity to establish a balanced investment portfolio or collectors' portfolio. As a protected coin, devaluing currencies are not influential, allowing collectors to preserve their coins and maintain their value for future investment opportunities and generations to come.
Read Also:
Can I Convert My 401k To A Gold IRA?
Starting Your Rare Coin Collections: A Beginners Guide to the 1794 Flowing Hair Half Dime
Bitcoin’s 10th Birthday: Does Satoshi Nakamoto’s White Paper Still Hold Relevance?
Planning to investigate some small business loans? What are the best options out there?
Most importantly, how can these loan options help you?
Contrary to popular belief, it is more complex than filling out a form and getting your loan approved. That too from the very first source!
There is eligibility, which you must fulfill from your end, and criteria that the small business loan providers must ensure.
These are subjective to individuals and the business they are trying to build.
For example, which provider should you go for when you need a quick loan of a larger or smaller amount?
So, without any further ado, let’s get into the blog post
What Are Small Business Loans?
What are exactly small business loans? The criteria? Is it different than other forms of business loans?
Small business loans are classified under money lending for commercial purposes Like any other business loan.
There are several reasons why you would consider lending. Do not worry if it is for operational expenses and you fall short!
Not everyone accesses such loans just for their initial business investment or to extend their business to new grounds. In fact, it is common for people to underestimate their expenditure margin when they are starting their business.
In fact, in 2020, 56% of all small business loans were to manage operational costs. While only 31% of loans were for expansion opportunities.1
The Best Small Business Loans
Here are the best small business loans to investigate:
1. SBA 7(a) Loan
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of Acceptance SBA 7(a) Loan680+Two years$100,000+$5 million5-10 business days
This government-backed loan program offers competitive rates and long terms for various needs.
Pros:
Low interest rates
Long repayment terms
Cons:
Lengthy application process
Strict qualification criteria
2. Kabbage Business Line Of Credit
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceKabbage Business Line of Credit640+1 year$50,000+$250,000 Same day
This is a revolving line of credit with a quick application process for managing cash flow.
Pros:
Fast funding
Flexible access to funds
Cons:
High APR
Limited revolving credit line (although that is how they advertise).
3. OnDeck Term Loan
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceOnDeck Term Loan600+1 year$100,000+$250,000 24 hours
This loan offers short-term loans with quick approval, which is ideal for fast access to capital.
Pros
Fast Funding
Discounts for repeat customers
Cons
High interest rates
Frequent repayments
4. BlueVine Business Line Of Credit
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceBlueVine Business Line of Credit600+Six months$100,000+$250,000 24-72 hours
Flexible line of credit with fast approval, useful for managing cash flow.
Pros
Quick funding
No early repayment fees.
Cons
Higher rates for lower credit scores.
Limited to revolving credit.
5. Fundbox Line Of Credit
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceFundbox Line of Credit600+Six months$50,000+$150,000 As fast as the next business day
It provides a simple, quick line of credit ideal for immediate cash flow needs.
Pros
Easy qualification
Quick access to funds
Cons
Lower Loan Amounts
Shorter Repayment terms
6. Lendio Loan Marketplace
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceLendio Loan Marketplace550+Six months$50,000+$5 million On the loan amount
This type of loan is a great help to small business owners. Rather than just one loan, this is a marketplace that connects businesses with multiple lenders for various loan types.
Pros
Wide range of loan options.
Easy comparison of the offer.
Cons
Can receive multiple calls from lenders, which can be irritating.
Not all lenders have favorable terms.
7. American Express Business Loan
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceAmerican Express Business Loan660+1 yearNot specified$50,000 3-5 days
This fixed-rate loan is available only to pre-approved American Express Business Card members.
Pros
Fixed rates
No origination fee
Cons
Only available to pre-approved members.
Relatively small maximum loan amount.
Therefore, if you plan to get a small business loan in the foreseeable future, getting an American Express Business Card is better.
8. Accion Opportunity Fund
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceAccion Opportunity Fund550+1 yearNot specified$250,000 1-3 weeks
Offers loans to underserved small business owners, including minorities and women.
Pros
Focus on underserved businesses.
Personalized support
Cons
Longer approval process.
It may have a higher interest rate.
9. Credibly Small Business Loan
LoanCredit ScoreMinimum YearsMinimum Revenue (Yearly)Maximum Loan AmountTime of AcceptanceCredibly Small Business Loan500+Six months$15,000/month$400,000 24-48 hours (about two days)
Provides working capital loans and merchant cash advances with flexible terms.
Pros
Fast funding
Flexible repayment options
Cons
Higher cost of financing.
Frequent repayments
Small Business Loans With Separate Criterions
Now, we will be delving into the different criteria and which small business loan provider would be best!
1. Startup Needing Initial Capital
"I just started my business and need funds to get it. What are my options?"
Best Loan: Fundera by NerdWallet
Offers access to multiple loan options, including startup loans, even with lower credit scores and minimal business history.
2. Expanding An Established Business
"I’ve been in business for two years and want to expand. What loan should I consider?"
Best Loan: SBA 7(a) Loan
Ideal for established businesses needing significant funding for expansion, with favorable terms and interest rates.
3. Need For Quick Cash Flow Solutions
"I need quick access to cash to manage cash flow. What’s the fastest option?"
Best Loan: Kabbage Business Line of Credit
Offers quick application and approval processes, with funds available on the same day for urgent cash flow needs.
4. Managing Seasonal Inventory And Expenses
"My business is seasonal, and I need funds to purchase inventory before the busy season. What loan fits this need?"
Best Loan: OnDeck Term Loan
It provides short-term loans with quick funding, ideal for managing seasonal inventory purchases and expenses.
5. New Business Owner With Limited Credit
"I have a low credit score and a new business. Are there any loan options available for me?"
Best Loan: Credibly Small Business Loan
Accepts lower credit scores and offers working capital loans, making it accessible to newer businesses with limited credit.
6. Needing A Flexible Line Of Credit
"I want a flexible financing option. This is to cover unexpected expenses as they arise. What should I look for?"
Best Loan: BlueVine Business Line of Credit
It offers a flexible line of credit with fast approval. Plus, it is suitable for covering unexpected expenses.
7. Seeking Low Interest Rates And Long Terms
"I’m looking for a loan with low interest rates and long repayment terms. What’s the best choice?"
Best Loan: SBA 7(a) Loan
It is known for its low interest rates and long repayment terms. Therefore, it is ideal for businesses seeking cost-effective funding.
8. Socially Responsible Business Owner
"I want to support a loan provider that helps underserved communities. What are my options?"
Best Loan: Accion Opportunity Fund
Focuses on providing loans to underserved small business owners. In fact, it also includes minorities and women, with personalized support.
9. Looking For A Fast And Easy Application Process
"I need a loan. However, I don't want to go through a long application process. Which loan is easy to apply for?"
Best Loan: Fundbox Line of Credit
Offers a simple, quick application process with funds available before the next business day.
10. Needing A Small, Short-Term Loan
"I need a small amount of money quickly for a short-term need. What’s the best option?"
Best Loan: American Express Business Loan
It provides small, fixed-rate loans with a quick approval process, which is ideal for short-term financial needs.
Related: How To Use An SBA Loan For Business Purchase
Eligibility For Small Business Loans
You might find the best loan provider. However, when it comes to eligibility, rejection can be common.
Regarding personal loans, good mortgage lending (a property that you place as collateral when taking the loan) makes loan acceptance easier.
However, when it comes to business loans, the rules are a little different. The loan lender (bank or private) must closely investigate your business expenditure, cash flow, and profit margin.
If you do not have a steady personal and business credit score (unless you are building your business from scratch, in which case the rules will be different), getting your small business loan approved can be challenging.
Do not worry; this is not to scare you. However, ensure you take the time to investigate your and improve financial health.
Here are some of the absolute eligibilities when it comes to small business loans.
1. Your Business Needs To Be Nonprofit
Unfortunately, you cannot have a nonprofit organization and demand a small business loan. Your business must be making some profit through a steady income.
2. A Lucrative Business Idea, Aka The Cash-Flow
Since business loans do not depend on collateral submission, lenders are mostly concerned about the business idea.
Most importantly, is there a demand for such business in the market?
Will there be enough opportunities to build a steady cash flow?
Is there any stock market share for businesses with the same ideation?
The loan they offer you will depend on the potential profit you can make from that base. Plus, it must be backed by solid data.
3. Your Credit Score
Although we have already mentioned the credit score for each loan provider, you need to be serious about your creditworthiness.
Any loan provider will scrutinize your personal and business credit score. Any suspicious activity (including something as simple as an unpaid credit card bill) can put you under the radar. Eventually, it does not make you a good candidate for a loan.
In other cases, your business credit score also plays a crucial role.
What is your total business income?
Is it holistic with your business expenditure?
What is your business credit card transaction history? Are you able to balance your bills alongside your monthly operational costs?
...and many more.
You must submit all your financial documents, especially if you are planning to expand through different business locations and real estate. How your business funds are handled becomes crucial in such a case.
Secured & Unsecured Loan
Starting a business? Want a small business loan? Then, you should understand the importance of collateral in such a business.
Most importantly, do you even need to submit collateral to get your loan sanctioned?
Secure business loans will charge you some collateral (cash money, real estate property, gold bonds, etc.).
Meanwhile, unsecured loans do not charge any collateral.
Which is better as Small Business Loans
As someone just starting a business, I know the advantages/disadvantages of both kinds of loans will depend on your criteria and loan amount.
So, let’s discuss the overall pros and cons of both!
Secured Loans
Let’s begin with the kind of loans that require collateral.
Pros ConsLower Interest RatesLonger Approval RatesHigher Loan Amounts (because of the collateral)Risk of Losing AssetLonger Repayment Period (you can elongate your loan repayment term for two decades)Not everything can be collateral. It, after, depends on the bank.
Unsecured Loans
Now, let’s talk about loans without collateral.
ProsConsYou Need No CollateralAutomatically, the maximum loan amount is less.Quick Loan ApprovalHigher Interest RatesFlexible for all types of loansThe repayment period is a short
When Should You Get What?
For the ease of your own understanding, here is when you should get what!
Secured Loans Might Be Better If
You need a larger loan amount.
Can provide valuable collateral.
You want lower interest rates and longer repayment terms.
If your business has significant assets that can be used as collateral.
Unsecured Loans Might Be Better If
You do not have assets to offer as collateral.
Need funds quickly.
You prefer not to risk losing business or personal assets.
The business needs a smaller loan amount.
You can check the listicle above for a good idea of which secure/unsecured small business loans would be better for you.
Types Of Small Business Loans
These are the types of small business loans which you should investigate:
Term Loans: You borrow a set amount and pay it back over time with fixed payments.
SBA Loans: The government backs these loans, giving you good terms for your business.
Business Lines of Credit: You get access to a credit line like a credit card.
Invoice Financing: You can get cash based on your unpaid invoices.
Equipment Loans: This loan helps you buy business equipment.
Merchant Cash Advances: You get an advance on your future credit card sales.
Microloans: These small loans are often given by nonprofits to help you start.
Commercial Real Estate Loans: Use these loans to buy or fix up your business property.
Personal Loans for Business: You can use your personal credit for business needs.
Franchise Loans: These loans help you start or grow a franchise business.
The Final Note!
The choice between a secured and an unsecured small business loan ultimately depends on your specific needs and circumstances.
a secured loan might be more suitable If you have valuable assets and prefer lower interest rates.
On the other hand, if you need quick access to funds and prefer not to put up collateral, an unsecured loan could be the better option.
Always consider the terms and conditions carefully and consult a financial advisor to make the best decision for your business.
Things to remember before you get a small business loan:
Have a solid, chalked-out plan for how you will repay it. You wouldn’t want to lose your collateral.
Do not take hasty loans because you have fulfilled a business milestone. Remember, a loan is not a temporary fix; it is a debt for years to come. Therefore, be careful before sanctioning a loan.
Finally, be candid about your financial decision. Keeping it discreet to get a quicker loan approval will only cause you trouble later.
What do you think? Should getting a small business loan come after so many considerations, or should it be a little easier?
Do let us know in the comment section below!
Read Also:
Core Banking Solutions: A Game Changer?
Alternative Business Financing – What Is It And How Do You Do It?
Ways To Apply For A Personal Loan & The Reasons To Opt For This Loan.
