Your Questions About Money Making Schemes Online

Paul asks…

Affiliate schemes – tax?

Hi,
Im looking into making some extra money alongside my job, by doing some online marketing, through places such as clickbank. Its affiliate schemes and pay per click adwords etc etc.
Will i have to pay tax on this and how would i go about setting myself up the correct way to sort out tax

Cheers

Nagesh answers:

Hi jesse,
I really think that there is no tax which you will paying.In the internet business your money wil not undergo any assessment of any tax hence no payment of tax.That is the good news about internet business.You can read notes on this site a bout affliate its a free e-book. Http://www.your-inforcom.com/freewebpagestuff.html

Steven asks…

Is there a way I can make like £30 a week online?

I am looking for a work at home job i’m not looking for a “get rich quick” scheme. I just would like to earn a little bit more money as I am a student and have noo money, is there anything that actually works?

Nagesh answers:

That is tricky to answer – apart from being a student, I have no idea what skills that you have. If you have some skills then you can target a company online that might require outsourcing (such as computer programming).

What you normally can’t do is to make much money for the effort you put in in unskilled internet work (such as perhaps stuffing envelopes, or taking surveys). The reason that the companies want internet based employees is that they can pay well below the minimum wage for the hours that they put in. OK it is possible to stuff 500 envelopes in an hour to get your minimum wage but it is unlikely.

So basically look at the skills you have and decide which companies are likely to require them

Maria asks…

Wealthy Affiliates…?

I’m not promoting their biz opp or anything, but I am really interested in joining this program to obviously make money online.

It sounds really honest and detailed, but I am still skeptical on whether or not this is a scam or a pyramid scheme.

Here’s the URL

http://www.wealthyaffiliate.com/

Please give me your opinions on this biz opp, please, and tell me whether I should join this program or not.

Thanx.

Nagesh answers:

I am a wealthy affiliate and I can say that it is a great resource. They have some really great tools that help you understand the ins and outs of internet marketing. Some great free tools to get you up and running in literally 5 minutes. Kyle and Carson are very active and involved in the internet marketing scene and also are mostly focused on helping others to replicate what they have done. I’ve only been there a little while, but the depth and wealth of knowledge shared by members is outstanding. It is well worth it in my opinion. To be clear, it really isn’t a biz op in and of itself. You can do some affiliate work for some of the products that Kyle and Carson have created, however. Mostly, it is an internet marketing education. The 30 bucks a month will save you hundreds in advertising costs, I will attest to that! If you want to know more, please feel free to contact me.

Betty asks…

I have an anxiety disorder, can i buy medication online?

I’m having trouble with income, and doctor visits are pricey. Like 40$ a visit, I was wondering can I just buy medication online? whats the con of buying it online? it seems cheaper and i don’t need a prescription. everytime i go to my doctor he gives me on prescription for one fill of xanax, and makes me revisit and pay 40$ to see him i think its a lame scheme for doctors to make money he could easily give me like 5 refills when i run out. : help pls?

Nagesh answers:

The con of buying it online is it is illegal and if you get caught prison will be much more depressing then life at home.

Hope that helps

Linda asks…

A get rich book or some advice on starting out?

I want to get the right advice about investing money. Does anybody have any information about good investment vehicles. I don’t want to waste my time putting my money in the bank, it’s only about 6% does anybody know where I can make 100% or more? Any good “get rich books” or online schemes I would be happy to look at.

Nagesh answers:

Jeremy the secret to getting rich is time. Time makes money, money doesn’t make money. Learn the rule of 72 take your interest rate divide it into 72 that will tell you approximately how long it will take for your money to double. The average mutual fund has averaged 12% rate of return ove the last 60 years or so. That means your money doubles every 6 years. My son is 14 he has 5K in his mutual funds of his own money. At 12% if he does not invest another penny here is how it would look at 20 its worth 10K at 26 its worth 20K at 32 its worth 40K at 38 its worth 80K at 44 its worth 160K at 50 its worth 320K at 56 its worth 640K at 62 its worth a cool $1,280,000.00 and at 68 $2,560,000.00. What IF he invested just $50 more a month for the next 10 years I have no idea what it would be worth but a lot is my answer for now.

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Thursday, December 20th, 2012 Money Making Schemes

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