Featured Income Ideas
April 11, 2009 by pharma · Leave a Comment
From affiliate marketing to e-commerce, website flipping to digital freelancing - opportunities are everywhere.
Our editors are constantly researching ideas and new business models, and ways that former pharma professionals can either supplement or replace their full time income.
For starters, here are our top 3 featured business models:
We’ll be adding to this section over time, so stay tuned for more information and reviews on additional income ideas in the weeks ahead!
Income Idea #1: Affiliate Marketing
April 11, 2009 by pharma · 2 Comments
Overview:
Did you know that most people who are making money online do not sell their own products or services, know very little about technology, and in some cases don’t even have a website? It’s true - they engage in something called “Affiliate Marketing” and it is one of the best kept secrets on the Internet.
Income Idea #2: Set Up An Online Store
Overview:
If selling physical goods online is more appealing to you, then understanding how Drop Shipping works could be really beneficial. This is essentially the process of finding wholesalers who will let you sell their products online, and who will handle all the inventory and order fulfillment on your behalf so you don’t have to.
Income Idea #3: Start a Membership Site
Overview:
If building passive, monthly recurring revenue sounds appealing to you, then there is probably no better way to do so other than by starting a paid membership site.
Essentially, a membership site is a password protected website where people pay monthly recurring fees to access the information within it. The information can be anything from: exclusive articles, tutorials, specific services provided by an expert, how to’s, podcasts, webinars, or exclusive newsletters.
If you have a hobby, specialized knowledge, or are passionate about anything that you could build a community of like minded people around, this may be a tremendous business model for you.
Investing 101: Back to Basics
April 19, 2009 by pharma · Leave a Comment
As many of us will be going through ups and downs with regards to our income levels over the next several months, we thought it would be important to focus a little on the topic of investing.
Though not qualified to give investment advice, we do think it’s time that we all turn off CNBC, Cramer, and the rest of the TV talking heads, and regain some perspective on the world of investing.
Investing: Advice For You Speculators
April 19, 2009 by pharma · Leave a Comment
Ok, we said we weren’t giving investment advice here, and according to the title of this post, we just lied. We are certainly not going to advise individual investment strategies or stock picks, but we know some of you are going to dip your toes into the markets as a potential source of income after pharma.
The only advice we ARE going to give if you are considering making investment decisions on your own, or even exploring Day Trading as an income strategy, at LEAST point yourself in the direction of some recent trends, tools and resources that will give you some education and a fighting chance.
A Rock Solid Personal Finance System
A transition from pharma requires more than just a conversation about replacing a car allowance and a cellphone. Getting your personal finances under control is critical so you can focus on the opportunities that lie ahead, and not on the numbers dwindling out of your bank account!
We thought it would be helpful to put together this section on some recent thinking, tools and resources from the world of personal finance that may help you to stretch a dollar and get your finances in order as you prepare to start fresh. Read more
Your Finance Strategy: Are You Smarter Than a 4th Grader?
April 19, 2009 by pharma · 2 Comments
It’s amazing how much adults can make simple concepts complex. Take this blog post for example. When we started writing this section, we began scouring the Internet for the latest in personal finance tips, tricks, techniques, tools, training, and thinking on the latest and greatest personal finance strategies.
After dozens of starts and stops along the way, it turns out everything we really wanted to say was already written in crayon by Jenna Fink (a 4th grader from Frisco, TX).
Read more
Analyze Your Finances
April 19, 2009 by pharma · 2 Comments
If it’s true that you can’t manage what you can’t measure, then most of us aren’t doing a very good job of managing our money.
(Coming from an industry that gave us car, gas, phone, and meal allowances probably hasn’t helped our ability to analyze our spending habits, either.)
As some of us prepare to leave the perks behind, there are two free services that we wanted to highlight that can help you analyze and optimize your finances. Read more
Automate Your Finances
We had already mentioned that our first financial wake up call came from a 4th grader, but this next one comes from NY Times Bestselling Author Ramit Sethi, financial blogger and author of a new book called, “I Will Teach You To Be Rich”.
His book is great, and his blog is filled with a ton of valuable information, but the concept that really hit home for us was his discussion on willpower, and how it just doesn’t work for most of us. Read more
