Thursday, July 26, 2007

Things you will need to make money online and offline

I am going to share some things that I wish someone had told me when I started venturing into the world of making money. In my posts I am going to be sharing with you how to make money from different sources. Some are obvious, like having a job, and others aren't too obvious, like having a website. I am going to cover all of them. But for all these venues of income there are some things that will come in handy and make your transactions that much easier and smoother.

1. A Bank Account
I'm sure this seems obvious, but better to mention it. You need somewhere to put your money, and to deposit checks, and to receive direct deposits. Banks are good because money in your hand is easily spent, and the faster you put it away the better.

2. A Tax Identification number
If you're in the US, an SSN or other tax ID number will be needed by a lot of the people you deal with. In some cases it may not, but it's good to have it so that you don't lock out any potential sources of income. If for some reason you don't qualify for a social security number you can get a tax identification number from the IRS. If you are outside the US you will need to check what your particular country requires for tax filing purposes.

3. A Website
These come in really handy when you're trying to make some money. Gone are the days when creating your own website was a big deal. Now you can set up a hosting account, and have your website or blog up and running in short order. I will be sharing with you how to make that happen.

4. A PayPal Account
PayPal is an online merchant system that allows you to accept and send payments online. Having a paypal account is almost indispensable today, especially if you transact online a lot. You can open a PayPal account here. PayPal allows you to accept credit cards, echecks, and other forms of payment securely.

In the next post I'm going to talk about getting yourself a website and why that's important. I will also explain in brief different ways you can use your website to make money online and offline.



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