Monthly Archive: July 2019

Generating Passive Income By Flipping Websites – A Guide For The Newbies

Flipping website is a very lucrative online business concept. The marketers have been working with profitable websites, developing income streams and selling them to investors since a long time. However, it has become more popular when the concept of niche based websites was first established. Today, hundreds of internet marketers are working online, developing websites, marketing them and flipping them for a decent onetime cost. At the same time, the internet business investors are also making regular earnings from these small websites.

Generating passive income from building and selling websites: the golden rules to succeed

The tips discussed here are given by some seasoned website flippers who make their living just by selling websites at marketplaces like Flippa and Sitepoint. These golden rules talk about something you must follow to become successful with these ventures.

#1 Find an evergreen niche to work with

Internet is always evolving, the market is always undergoing major changes and reforms. That’s why, choosing the niche or business field is very crucial. You must concentrate on selecting a niche that will work forever. As examples, health, education, entertainment etc. niche are considered as evergreen business niche. Building a good, professional website on an evergreen niche can help you get potential clients.

#2 Create valuable, resourceful content

Nowadays, the leading search engines focus on high quality content than anything else. A website with lots of resourceful, relevant content will definitely help you earn something even from a new website. And the website that makes money always gets great offers from the buyers. You should concentrate on developing the website first and then move on to marketing the website.

#3 Follow a proven, standard marketing method

Overly promotional marketing strategies are often responsible for failure in such niche web ventures. You have to follow a strategy that works, you have to prepare the blueprint staying under the radar and avoid penalties. This can only help you rank high in the search engines and drive organic visitors to your website.

#4 Be responsive and precise about the offer

While you’re listing the website for sale on the marketplaces like Flippa and Sitepoint, you will receive comments and questions from the interested investors. You have to act professional, and be very smart and precise about the offer. You should respond to their questions and comments in a friendly way. But be careful about sharing the information. Don’t provide any false information and talk about the performance of the site till date, not about the future.

You can’t start generating passive income overnight. You have to work and setup the system to make the concept work. Anyone can start flipping websites and make money online, but it’s very important to take care of the brand value first. Once your first websites have got good responses, you will get better deals and returning customers over time.

Differing Site Conditions – An Introduction For Federal Construction Contractors

First, please be acutely aware of what this is, and is not. It is not authoritative legal advice. Only skilled construction attorneys are equipped to furnish such. However, construction, per se, and construction legal issues, are inexorably intertwined, increasingly more so as time passes. To prevail in an expensive owner-caused performance delay, for example, absolutely nothing replaces contractor early awareness of its legal entitlement. That turns on the facts at issue and how they apply to the specific theory of damages, which, in turn, permits entitlement to recover the damages.

Contracting is complicated and thus dispute-prone. You as a contractor have a better early-on grasp of the facts than any attorney or construction consultant possibly could at that stage of the problem. Therefore, some rudimentary understanding of the legal side of your entitlement to damages – resulting from the facts at the root of the problem – will empower you, the contractor, toward making early, timely, notification to your facility owner, and taking other important initial action.

Perhaps the most commonly occurring set of disruption and delay issues at construction sites comes under the heading of “differing site conditions”,(DSC). Things found by the contractor after contract signing that are different than represented by the contract documents are a “Type I Differing Site Condition”. Instead, the condition may fall under the heading of a “Type II Differing Site Condition”; conditions unusual in nature that differ in a materially physical way from those normally encountered in similar contracts.

All federal construction contracts contain some form of a so-called equitable adjustment clause. This clause is designed to do financial equity for contractors should they meet (for example) a DSC during contract performance. Realizing that contractors who, under the contract would otherwise be held responsible for all costs of completing the contract, even those of which no one has knowledge at bid time, would compel inclusion by bidders of large contingency figures in the bids driving up bid costs needlessly where no problems ultimately exist, the government began employing the clause in 1927.

Numerous non-federal contracts, and many, many subcontracts have no DSC clause, nor even an equitable adjustment clause. Be forewarned! By their absence you have there the invisible bully brother to the onerous risk shifting clause, i.e., the “no-damages-for-delay” clause! Your owner or prime contractor intends any and all responsibility for suspension, delay and disruption be shifted to the contractor or subcontractor.

In federal government contracting, a Type I DSC is defined as follows:

1. The contract indicated a particular site condition;2. The contractor reasonably interpreted and relied on the indications;3. The contractor encountered latent or subsurface conditions which differed materially from those indicated in the contract; and4. The claimed costs were attributable solely to the differing site conditions.

On the other hand, in the same setting, a Type II DSC occurs where

(1) the contractor did not know about the actual condition found during performance at the site;(2) the contractor could not reasonably have anticipated the actual condition at the site from inspection or general experience; and(3) the actual condition varied in a material way from the norm in similar contracting work.

The AIA, state governments and private contracting entities have similar contract clauses, as the Federal Acquisition Regulations (FARs) tend to set the standard.

Just because the problem issue meets the precise tests for a DSC does not mean the contractor will prevail in a claim for a DSC. Most of the time the owner will vigorously defend based on a number of reasons, largely consisting of failings of the contractor.

At least one scholarly paper sounds a cautionary note for contractors claiming DSCs. In a study done at the University of Florida in 2002 titled –

“Analysis of a Type I Differing Condition Claim: An Empirical Study to Determine Which Proof Element is Most Frequently Disputed and Which Party Interest Most Often Prevails”, found at –

,%20Vol.%207,%20No.%201,%20pp.% –

101 federal court cases were analyzed. Eight (8) separate issues which would nullify the contractors’ claims were studied. The courts found for the contractors in only 37 out of the 101 cases.

On whether the contractors were correct in claiming that the documents contained the proper indications of conditions to be encountered was the only winner of the right (8) issues; 19 out of 30 cases. Otherwise the courts found them guilty of imprudent contract interpretation in 29 out of 37 cases, they were wrong in 8 out of 13 cases on whether actual conditions differed materially from contract “indications”, wrong 5 out of 6 times by claiming the actual conditions were reasonably unforeseeable, and failed in 2 cases out of 2 to timely file the proper DSC notice with the owner. Perhaps the most glaring but easily remedial contractor failure was pre-bid site investigation. Of 7 cases, the courts found the contractors failed 6 times. All 64 contractor failures were case-decisive; they each gutted the contractor’s entire case.

All of which, I respectfully submit, makes a strong argument that if you have expensive loss issues not of your own making and you hope to collect damages, you have to know exactly what you are doing, sooner rather than later. Under those conditions, engaging the services of a construction claims expert would be well worth serious consideration.

Survey Sites How They Help You to Earn Money

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History of Indian Mutual Fund Industry

With the emergence of diverse productive avenues for investing, mutual funds have become one of the most popular investment options. This is a simple investment product structured around the concept of risk mitigation by spreading investments in multiple channels. According to Nielsen global survey of investment attitudes,it is one of the favourite investment options that ranked atop among the other assets like precious metals, stocks and bonds.

In this article, we will look at the history of the mutual fund industry which grew fairly successfully and helped large number of investors generate wealth over the years.

Entry of mutual funds in India (1963)

This concept emerged in India in 1963 by the formation of Unit Trust of India (UTI) which is a watermark in annals of this industry in India. These are initiated by government and the Reserve Bank of India (RBI), with an aim to attract small investors and were focused mainly on investing for creating wealth in the long run.

Monopoly era by UTI (1964-1987)

Established through an Act of parliament in 1963, the Unit Trust of India (UTI) enjoyed monopoly status for 23 years and functioned under the regulation of RBI for a period of 15 years. Later, it was de-linked from RBI in 1978 and functioned under the regulation of Industrial Development Bank of India (IDBI) which took over the administrative control in place of RBI. The first unit scheme of UTI was launched in 1964 and later more innovative schemes were launched in 1970’s and 1980’s to attract and suit the needs of Indian retail investors. By the end of 1987, the Assets Under Management (AUM) of UTI increased by ten times to Rs 6700 crore.

Entry of Public Sector Players (1987)

Public sector mutual fund players entered in the market in 1987. SBI mutual fund was the first non-UTI mutual fund in India. It has been successfully managing large investor’s funds since 1988. It launched many schemes to provide investors with opportunities for making profits in a diversified basket of stocks of Indian companies.

Later, such schemes were launched by Canbank mutual fund in (1987), Life Insurance Corporation (LIC) in (1989), Punjab Mutual Fund (Punjab National Bank) in (1989), Bank of India in (1990), General Insurance Corporation (GIC) in (1990). By the close of 1993, the AUM of this industry had increased seven times and had Rs 47,004 crore of assets under management. However, the UTI retained its position as the dominant player with 80% market share.

Entry of Private Sector Players (1993)

To provide a wider choice of funds to Indian investors, private sector players along with foreign companies were permitted to enter into the industry in 1993. In the same year, the first mutual fund regulation was passed, saying all mutual fund companies except UTI need to be registered and governed. In 1993, the erstwhile Kothari Pioneer (now merged with Franklin Templeton) was the first private sector mutual fund company in India. During 1994-95, 11 private sector funds have launched their schemes introducing innovative investment strategies.

SEBI – Mutual Funds Regulation (1996)

This industry witnessed a sea change in the 1990s. In 1993, the industry started functioning under the regulation of Securities and Exchange Board of India (SEBI). This is, probably, the most elaborate regulatory effort in the history of mutual fund industry of India. Consequently, there was a spurt in the number of mutual fund houses with many foreign players setting up funds in India. By the end of 2003, there were 33 mutual fund companies with total AUM of Rs 1,21,805 crore. The largest UTI had Rs 44,541 crore of AUM in the same year.

In 2003, UTI was disaggregated into two entities. One is the Unit Trust of India with AUM of Rs 29,835 crore (as on Jan 2003). This has been functioning under an administrator and under the rules framed by Government of India. This does not come under the purview of the Mutual Fund Regulations.

And the second one is UTI Mutual Fund Ltd, sponsored by State Bank of India, Punjab National Bank, Bank of Baroda and LIC of India. This is registered with SEBI and functions as per mutual fund regulations. Currently Unit Trust of India works under the name UTI mutual fund and some of its earlier schemes were gradually wound up. However, UTI mutual fund is the largest player in the mutual fund industry.

As Indian this industry experienced major growth, simultaneously international mutual funds like Fidelity, Franklin Templeton Mutual Fund, etc. entered Indian market. There are 44 mutual fund players in the market until March 2012. This industry has AUM of Rs 6.92 lakh crore as on June 2012.

How Do You Define A Mechanical Forex Trading System

The term mechanical trading system is quitte popular nowadays. The concept just simply means “trading wiithout being subjective”.

These kind of trading systems have become a mainstay of the current forex environment.

Most traders like the idea of having a fixed set of paramaters in which to trade a currency. It requires rules instead intuition. This is the reason why its so popular with the part time traders, who aren’t lucky enough to have time to study the markets.

Mechanical trading systems usually rely on a set of indicators, in which tell the trader when to open or close a trade. For instance they might use a combination of Stochastics and MACD.

They might decide only to open a trade when the Stochastics lines have crossed each other and are above the 20 or 80 line, meamwhile MACD must show some kind of divergence.

Another example would be the Moving average trading systems. Many traders use moving averages to help them dictate where the current trend is. They might use a couple of different moving averages such as 45 day MA or 90 day MA and wait for the two lines to cross over, before opening a trade.

These are fairly common kinds of mechanical trading systems. It can be traded by anybody, once they understand how to look at the respective indicators.

Traders can quickly scan through every single currency pair in a matter of minutes using this kind of mechanical trading system. It doesn’t require any kind of fundemental knowledge, nor the ability to keep track of the current market conditions.

Many traders have been able to come up with very success trading systems during any kind of market conditions. Are they always right? No. But at the end of every week, if they are making more money than they are losing, you can say tthat you are doing much better than the majority of forex traders.