The Internet Business Model Differences

The internet business model has distinct similarities and distinct differences from the non-digital business model. Nearly any non-digital business model can be translated to an internet business model.

An auction business model is translated to online auctions in the form of eBay and other less well-known sites. The same kinds of strategies apply with online auctions as in non-digital auctions, the auctioneers make a commission from the products sold and the transactions are taken care of by the auctioneers as well.

Another model taken from a non-digital source is multi-level marketing models, better known as pyramid schemes. In this model, a hierarchy is formed when salespersons bring new salespersons under them in the business.

Someone participating in a multi-level marketing model makes money from those below them in the hierarchy for a predetermined number of levels as well as their own efforts. Unfortunately, the downfall to multi-level marketing models is that they are commonly associated with internet scams where you are required to pay so much a month to receive the services offered by the company in question.

Multi-level marketing models sell products to make the commission to keep the business running. Unfortunately, the market has been flooded with scams that there is a lot of skepticism of this kind of internet business model.

The franchise style of non-digital models have translated to affiliate marketing sites where a company hires people to sell their products for them using a proven effective model. So as McDonald’s franchises will give new restaurants the business model to follow, an online business will provide their new franchisees the means to succeed by following a simple system.

A monopolistic internet business model can be seen with a provider like Amazon who has basically dominated the internet book selling business. The great and, in cases of competition, unfortunate thing about internet marketing is there are no international laws against internet monopolies. The consumers who will avoid a company because they seem more like a monopoly and want to avoid ‘feeding the machine’ so to speak largely regulate monopolies.

A huge internet business model emerging is the professional open-source model. This model offers a free service, such as a Spyware Bot that works remarkably well for free. Then the company who creates the Spyware Bot also offers an even better product for a marginal fee depending on the degree of protection a user might need.

This type of model can be likened to getting free samples at a grocery store then going back and buying the product because it works well. A downfall of the open-source model is that some of the programs offered in this way allow the user to do illegal things with the programs, such as illegal downloading of music and/or movies. The open-source community on the internet is huge and there is still room for growth by anyone who is in favor of free licensing of products and the free exchange of any and all information.

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How to Create a Winning Business Model

Innovation is a critical source of competitive advantage and certainly deserves the attention it receives. But innovation is also difficult to manage and something many organizations struggle to repeat (if they were lucky enough to experience it once). Recognized innovators are widely admired for their achievements but as every business leader knows, the pursuit of innovation is exceptionally challenging even as it is entirely necessary.

The roots of the problem lie in the fact that innovation takes place at the crossroads of two critical uncertainties: uncertainty about the future, and uncertainty about what will be best for our organization.

Given these issues, executives face two key questions:

First, What innovations should our organization be pursuing?
And second, How should we create them?
We respond by noting that among the four types of innovation that any firm could pursue, business model innovation should be highly attractive and pursued aggressively. Why? Because these innovators are earning very attractive returns on capital, and finding new market opportunities that others have overlooked. But business model innovation is also widely misunderstood, and consequently few organizations are reaping the significant benefits that can come from doing it well.

Why is business model innovation important for every company? How can organizations develop breakthrough business models of their own?

Four Types of Innovation

Organizations typically must allocate their innovation investments among four types of innovation: incremental, breakthrough, new venture, and business model.

The purpose of incremental innovation is to maintain market share. This is a maintenance strategy and necessary for any organization to ‘stay in the game.’ But incremental innovation rarely confers much of an advantage and is not sufficient to support growth.
The search for breakthroughs offers a shot at stardom, but as they are quite rare, pursuing breakthroughs is recognized to be a high risk approach.
Successful new ventures can position a company for the very long term, but they are also high risk, capital intensive, and for good reasons they are rarely attempted.
In today’s business environment, this leaves the fourth option as the most attractive. Business model innovation can be the most cost-effective form of innovation, and for many companies it can also be the most promising route to success.
Recent research by IBM has shown that business model innovators are earning the most attractive returns on innovation investment, and also achieving the best rates of growth. In fact, if you look at the most successful and admired companies of the last twenty years, you see that most of them have focused on developing innovative business models. What company would not want to be included on this list of business model innovators:, Apple, Costco, FedEx, Google, Ikea, Southwest Airlines, Starbucks, Wal-Mart, and Zara are 10 of the world’s most successful companies, and business model innovation has been the key to the success of each one.

Defining Business Model Innovation

But what exactly is a business model?

At its simplest, a business model simply describes how a company makes money. It’s the products and services it offers, the way it delivers them, and through these elements it is the experiences that it creates for customers.

These innovators just find ways to create better experiences for their customers, and as a result of doing so the most successful among them earn profits that others did not recognize as even possible.

For example:

Google discovered how to sell words at auction, a new model that transformed the company into the world’s number one advertising agency, and soon thereafter into one of its most admired companies. developed a new model for selling products online, has radically reshaped the book business, and is now working to extend its model into every market.

Apple found a tremendously successful way to sell songs through iTunes, permanently reshaping the music industry.

FedEx set up a system that delivers packages for ten to fifty times more than the Postal Service charges.

Southwest Airlines sells airplane tickets for less than its competitors, but it has nevertheless been the most consistently profitable US airline for two decades.

Wal-Mart, Costco, and Ikea, meanwhile, developed global manufacturing and supply chains that enable them to sell enormous quantities of products at prices once thought unattainably low, undercutting their competitors and redefining the very nature of retail.

To reiterate the point made above, the core of each success is that these companies found new ways to earn profits by providing their customers with new and better experiences. Further, the experiences provided by their innovative models have resulted in enduring relationships that transcended traditional boundaries between customers and companies, and as a result each transformed the industry in which it competes, permanently altering the competitive landscape while becoming a renowned leader.

If business model innovation is the goal, and for most companies the evidence strongly suggests that it should be, then we need a way to get there.

This process of developing a winning business model has 8 steps. These 8 steps enable executives to understand the key drivers of this type of innovation, and to apply them to develop business model innovations of their own.

The Business Model Universe
The External Drivers of Change
The Customer Experience Model
Core and Edge Markets Analysis
Market Leader Analysis
Competitor Analysis: Jobs to Do
Who Innovates?
Putting it All Together: The Complete Business Model Innovation Master Plan
Michael Kaufman is one of the four founders of the global innovation consulting firm – InnovationLabs. We are a full service innovation consulting firm offering a complete suite of innovation consulting services, innovation workshops, and innovation tools. For more information download a free copy of our book Permanent Innovation.

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The BEST Business Model Ever!

Never before in the history of humanity have there been a time as this when the whole world seems to be realizing finally, the very intent and purpose for creation – collaboration. The stiff competition that often characterized the industrial age is gradually giving way to this new age where passion thrives and information rules. Businesses are beginning to awaken to the fact that unless there’s something SIGNIFICANTLY unusual about their business, there’s no way they are going to remain relevant. It is increasingly becoming obvious, that the businesses that will thrive in this new age are those who are consistently willing to touch a heart before asking for a hand – being helpful.

No longer will the market tolerate businesses that are out to get before giving, no longer will the market tolerate businesses that are not different and making a difference, no longer will the market tolerate businesses that are not unique and being useful, no longer will the market tolerate businesses that don’t stand for something, no longer will the market tolerate businesses that are not contributing to the success of their customers.

In this new age, the law of exchange which states that; ‘to get, you must first give’ is the standard on which every business that aspires to grow must be built. Every site I visit is now giving away something, mostly an eBook in exchange for my email. Everyone is sharing something, whether it’s a link on Twitter, a video on YouTube or a picture on FaceBook. The whole world seems to be in the business of helping someone. To thrive in this new age, being Helpful must become your new business model. Woven under the very fabric of your business must be a strong desire to help. Your business must be built on the principle of helping someone accomplish a particular goal or objective as a result of coming in contact with the product or service your business offers.

What is a Business Model?

Looking at this concept, two words come into play, business and model. For better understanding, I am going to separate them and look at each individually, ok?

The Meaning of Business

A business is a social institution that provides a product or service to a particular group of people known as customers or clients for a particular agreed fee or price.

The first word in the definition that I will like to talk about is social institution. A business at its core is purely built on social interaction. Meaning, everything in the world of business revolves around people. Your employees are people, so are your customers and your suppliers and bankers and lawyers and partners or investors. There’s no way you can do business outside of people. So what does this suggest to you? It clearly means that to succeed in business, you cannot avoid dealing with people and when people are involved, the golden rule must apply; “do unto others how you would have them do unto you.” Underlying the golden rule is the law of exchange [giving before getting] at work.

Going back to the definition, you would see the law of exchange at play again. How do I mean? You would notice that the definition of business clearly states that a business must first provide [give] products or services to a particular group of people who would then pay an agreed fee or price [get]. In other words, you are not permitted to get until you give. Therefore, business is a discipline that involves dealing with people through the provision of goods and services that attract payment in return.

The meaning of a Model

A model by itself is the interpretation, representation or simulation of a theory in real life. It’s how we mentally try to imagine or portray what a theory, principle, concept or idea will look like in practice.

According to Dr. Phil Walker,

“Models are used to help us understand how things might work in real life. They are the mental representation of an outward reality. A good working model must be exact enough to give us answers to how things will work yet flexible enough to allow for adjustments and changes.”

In case all of the grammar in the definition above didn’t sink, here’s one that might sink. I’m sure you are very familiar with models, they come in different categories; we have beauty models, fashion models and role models. Picture a fashion model for example, what do they do? They basically portray how a particular design of an apparel or clothing will look like when worn in real life. They are in other words, the representation of what the cloth will look like on your body. Merely looking at them gives you a clue of how it would look on you even though you haven’t actually worn the cloth or apparel yourself. A model works basically in the same manner.

Looking at another example, role models, we all know what they are meant for. They are the physical representations of what we would like our life to look like when it is finally done. They give us a clue that when we lead our life in a particular way just as that of our role model, eventually we’ll be just like them. The same again, is how models in business work. They give us a mental clue, representation or interpretation of what a concept, idea, principle, thought, philosophy etc. will look like in reality.

The definition of a Business Model

In the words of Seth Godin, an international bestselling author of 12 business books, entrepreneur and agent of change;

“This classic MBA phrase describes how you set up a business so you can get money out of it. A business model is a machine, a method, a plan for extracting money from a system. Without a business model, a company can get publicity, hire employees and spend money, but it won’t make a profit.”

Below are some sample business models extracted from Seth Godin’s groundbreaking manifesto “the bootstrapper’s bible”. See if you can guess which company each comes from:

1. HIRE THE WORLD’S BEST ATHLETES AS SPOKESPEOPLE.Buy an enormous amount of advertising. Use the advertising to get every sporting goods store to carry your products. Make your product overseas for a very little money. Charge very high prices.

2. FIND LOCAL BUSINESSES THAT CARE ABOUT THEIR EMPLOYEES.Offer them a free water cooler if they allow you refill it. Earn money by making deliveries on a regular basis.

3. CREATE THE OPERATING SYSTEM that runs every personal computer in the world. Then use the power you gain from knowing that system, which controls the computers, to create software, web sites, online services, even travel agencies.

These are the business models of NIKE, POLANDSPRING, and MICROSOFT.

Permit me to add a fourth one; I’m sure you would love this one.

4. CREATE A SOCIAL UTILITY that will allow people to socialize by connecting and sharing things with family and friends online for FREE, then make room for businesses, celebrities and organizations to also do the same, but charge them a token for this in form of advertisement to those who use the platform for free.

You must have probably guessed right, Facebooks business model.

Therefore, a business model is the way a company has decided to setup and portray itself in such a way that it is able to attract money [get] by providing specific products or services [give]. It basically serves as a framework, blueprint, or prototype that attempts to describe or capture the underlying, thought, philosophy, idea, concept, principle, or mindset that will drive or guide the operations of a business in real life in a way that will allow it to be profitable. It’s an ideal representation of what the operations of a business would look like in reality woven around a particular mentality or philosophy. That is, it gives a clue about how your business should be done in the real world. A business model is not the same as a business plan. A business plan is a strategic course of action. Meaning, it basically outlines several action steps a business should take as regarding different aspects of its operation.

A business model on the other hand is not a list of action steps, it is not as tangible or concrete as a plan, but rather, it’s a conceptual or mental projection of your business when it is ready. It doesn’t present action steps as a business plan does; it presents the actual picture of the business when the action steps have been executed for maximum results. The business model is what is underneath the business plan. Meaning, a plan is built on a model. So without a model, a plan cannot be created. A model is what guides the creation of a plan. It is the business model that gives a business plan its inherent meaning.

Creating A Plan Built On The Desire To HELP

The desire to help must underlie everything your business represents and does. You can have the best business plan in the world, if it is not built around a strong ideology or philosophy of helping others [those you’ve targeted to be your customers], then your plan is as good as useless. Your business must be built on and around the desire to sincerely provide help in the form of product or services to those it serves. How you create, communicate and deliver this help is totally up to you, but the key thing here is to understand that help is the new business model. That is, helping people is the new way of looking at and doing business, unless, you don’t want to succeed. Therefore, only those companies who are in the business of providing help will succeed in this new age.

So what then is the meaning of HELP?

Helpin the context of business and in life, means the same thing. A business provides help so do other non-profit making organizations concerned about certain aspects of life too. While a business provides help for a FEE, non-profit organizations provides help for FREE. Whichever way you choose to look at it, they are both in the service of providing help.

Helpmeans Value. Let me be more precise; help is adding Value. Value is anything that is capable of providing satisfaction or gratification in one way or another to an individual or group of individuals. Value is something that is worth something to somebody. Value is anything that can be measured as a unit of satisfaction or gratification irrespective of personal preferences. If it can be quantified, then it has value.

How to make HELP Your New Business Model

1. Definition of HELP: The first step to making help your new business model is to sit down and define what you want to call help in your business. Every business cannot provide the same kind of help, so it’s highly important you define your own kind of help because this is what separates your business from all others who are in similar industries or providing similar products or services. So what kind of help do you want your business to provide? In other words, what kind of value do you want your business to be adding to its target customers? Your first task as an entrepreneur is to identify and define the value [help] your business is offering or bringing to the world.

2. Creation of HELP: the second step in making help your new business model after identifying the kind of help [value] your business wants to offer the world is to ask yourself; how do we create this help? That you have identified your company’s definition of help [value] doesn’t mean your company currently possesses or provides that help. After all, you cannot possibly give what you do not have. So the next step is to create your own version of help [value] which you’ve decided to offer the world in exchange for money.

3. Communication of HELP: no one will ever know that your business has identified and created something of value to the world if it never comes out to proclaim such a thing exists. There are a million and one people in the world who are in need of the kind of help [value] your business has identified and created, it is the responsibility of your business to make the existence of such help known to the world. This is the place of communication. You have to announce the existence of your company’s rare kind of help [value] so that those in need of it can come for it while giving you money in exchange for the help your business provided.

4. Delivery of HELP: the final step in making help your new business model is the actual delivery of the help you have identified, created and communicated to the world that your business offers. In delivering the help [value] you want to be sure that it is exactly as you have communicated. You certainly don’t want to over promise and under-deliver. So make sure you deliver on the same quality and quantity of help [value] you have previously communicated. Doing this makes your business indispensable in the eyes of the world or those you serve.

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Online Business Models – 8 Top Business Models For Making Money on the Internet

Traditional offline business models have been adapted for the internet but remain very similar online as to the offline world. In essence all models provide some form of product or service in exchange for financial reward.

However not all online business models are equal. Selecting the right model for your online business warrants careful consideration because each model requires different skills and time commitments to operate. Not all models will suit you or compliment your business interests. Also, you will discover that different business models will appeal to you at different stages of your career as an online marketer.

Auction Model

Love a good garage sale? Are you an expert or enthusiast in a certain field? Are you a wholesale or retail merchant looking for an additional sales outlet? Or were you already familiar with buying and selling your wares at the traditional auction houses before the advent of online auctions?

You may well enjoy the global reach of online auctions.

Many people have made a lucrative online income by selling goods through auction sites such as eBay. An enormous amount of information has been written on building a successful eBay business. So if this interests you, create an account and dive in.

E commerce Model

The home of the online shopping cart. Standard requirements for this model are a merchant account, enticing pictures and descriptions of your wares, a shopping cart and a secure method of payment. You can sell your own range of products or opt for a dropshipping model. Dropshipping is where your site takes the orders and another merchant fulfills the orders on your behalf. With dropshipping you don’t need to worry about taking care of inventory or deliveries.

Subscription Model

Create a website packed with interesting information on a particular niche then charge a membership fee to access the site.

Create a ‘free to access’ website packed with information on a particular niche then charge a membership fee to access a members only area filled with extra goodies.

Create a newsletter and charge readers a monthly reader subscription fee.

Create a focused community group, such as a forum and charge users for access to certain areas of the forum.

You get the idea of the subscription model.

Advertisement Model

As with the subscription model, create an interesting, content rich site which generates lots of traffic. You may then attract the interest of an advertising sponsor who will pay you for advertising space on your site.

Alternatively, if your site is not yet well established you could still sign up for a Google AdSense account. Advertisements related to your content will be placed on your site and you receive a payment each time a user clicks on an ad.

Affiliate Marketing Model

The advantage of this model is you don’t need any products or services of your own, which means you can get started right away.

As an affiliate marketer, you promote, recommend and market other peoples products or services. You get paid a commission when a customer buys the product or service from you. Or you can get paid when a customer completes an action such as clicking on a link or entering their email details into a form to receive further information.

The percentage commission you earn per sale usually ranges from 25 – 75%. The amount of money you can earn per sale or transaction can vary wildly from a couple of dollars to hundreds of dollars per sale depending on what you are selling.

Often a prerequisite for selling an affiliated product is that you buy the product first. However this is not always the case and many companies are happy for you to market their product or service without making an initial purchase.

Multi Level Marketing Model

As with affiliate marketing, the multi-level marketing model does not require you to have products or services of your own. MLM has existed for decades offline but has more recently found it’s place in the online marketing arena.

As a multi-level marketer you become an independent representative of an MLM company and you recommend and market the company’s products or services. You get paid a commission on each sale you generate. There is usually a joining fee involved before you can become a representative. This is generally in the vicinity of a few hundred dollars.

The primary difference between affiliate marketing and multi-level marketing is that as an affiliate marketer you get paid only for the sales you personally generate. As a multi-level marketer, again you get paid a commission for sales you personally generate. But furthermore, you can also build a team of marketers who join the company under you and then you get paid a lesser commission for sales your team generates. If your team go on to build a team of their own you get paid again on sales activity generated by their team…and so and so forth.

Commission percentages and compensation plans vary from company to company. Because it is such a highly leveraged business model the percentage commissions are usually much smaller, ranging from 0.25 – 10%. The idea being that small increments amass to a large income by leveraging the combined efforts of many people.

Top Tier Business Model

The top tier business model shares similarities with both the affiliate and the multi-level marketing models, but has some unique differences.

The affiliate model pays for sales generated directly by the affiliate marketer (one level deep). The MLM model pays you for sales generated by you or your team sometimes down to infinite levels, so you can benefit from the efforts of a person you may never even meet, albeit at much smaller percentages.

However between the single level compensation model and the multi-level compensation model there is a a third, top tier model which falls loosely in between.

A top tier model is an affiliate model that usually pays one to two levels down. The thinking is that by paying more than one level deep you still benefit financially from the leveraged efforts of your team. However by not paying commissions to as many multiple levels as a traditional MLM, a top tier company can instead afford to pay a much higher commission at the first and second levels (closer to the vicinity of 50%).

Another key difference with a top tier business model is they are usually more expensive to join than an MLM. A top tier company is often a minimum of a couple of thousand dollars to join. However the benefit is that your commissions are also much higher, usually in the high hundreds to thousands.

The thinking is that this model requires much less effort and much less sales to generate a viable and healthy income.

Information Product Model

This model is often the most lucrative of all. Your information product can be a downloadable ebook, a physical book sent by post, courses delivered as a range of mixed media content such as videos, voice recordings, CDs or DVDs or it can be software which meets a customer need.

You can market the product yourself and retain 100% of the profit. Or, alternatively you can affiliate your product and have an army of marketers selling on your behalf for a percentage of the sale. Leveraging the marketing strength of many affiliate marketers simultaneously can generate huge interest and massive turnover. But keep in mind your product will need to be good in order to attract the attention of affiliate marketers – they have their own reputations at stake by recommending your product.

Realistically, many online businesses build a web presence which combines a number of different business models. This monetizes the site in several ways to create multiple streams of income.

For example elements of the subscription, advertising, affiliate and information/product models may be used all together on one site.

Another site may use e commerce, auction and advertising all together.

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How To Select The Right Home Business Model

Having the right idea is only the start of setting up a business. To run it successfully will depend on the type of business model you select from the beginning. It is wise to speak to an accountant on which option is right for you, however I’ve put together five business models and some key points to consider before deciding.

Business Model #1 – Proprietorship

This is the simplest and most common type of business model. There are no legal obligations to consider you can simply set-up shop and start selling your product or service. If in Australia you will need your Tax File Number and a Business Number to buy from other businesses. Registering for Goods and Services Tax is optional and is only needed once you earn over a certain threshold. A proprietorship gives you great flexibility to start your business on the “cheap” and without any major commitments apart from declaring your sales at tax time. But you should know that setting up this type of business means that you are legally responsible for anything and everything. Other than that this is a very tax efficient business model for small businesses.

Business Model #2 Partnership

A partnership is a relationship between two or more people who come together to run a business and share the profits earned. It is also sometimes know as a “firm”. Typically you would use an accountant and sometimes a lawyer to set it up, but mainly to formalise the rights and duties of all the partners and decide each partners share of the profits.

They are easy to set-up and it means that the business has access to more capital as there is more than one person contributing. Depending on how many people want to form the partnership you may need to check if there are too many of you. One drawback is the fight over power and you do need to check liabilities because personal assets are targeted should there be an issue with credit default.

This model works well for professional service firms such as accountants, lawyers, doctors etc.

Business Model #3 – Company

A company is just one person or a group of people. There is also a variety to choose from depending on the business model such as private, public listed, not-for profit, etc. When I started my business I opted for a private company but setting it up is complex process, expensive and involves much paperwork. But once it is set-up you can run many entities underneath. It is separate legal entity and involves at least a director but can also have shareholders and a board if it’s publicly listed. The best thing about a company is the limited liability. If there is a credit default, personal assets of directors and shareholders stay protected – although you should note since the global financial crisis there has been a big crack down in this area and cases where directors have been fined. For a start-up this business model should only be selected on the advice of your accountant.

Business Model #4 Franchise

A franchise is where you are the boss but don’t have to worry about branding. marking, product creation etc. This hard work is all done for you and is turn-key in the sense that the Franchisor instructs you on the exact method to set up your business so you hit the ground running from day one. The downside is that the marketing, product development, branding and working side of the business are in the hands of the Franchisor so there is little scope for innovation from the Franchisee. There are also royalty fees to pay and the up-front commitment cost.

Franchises come with high levels of support and an established brand name., is that you can find a business to suit all pockets, no matter which industry you want to set foot in. You should consider this model is you don’t like risk and want loads of support and handholding.

Business Model #5 Trust

Many people don’t think of Trusts as a business model but they are a great addition to a company structure. This was the option I also included when I set up my business. The trust becomes the majority shareholder and the trustees are primarily responsible for managing the assets and business for the benefit of the company.

I don’t recommend setting up a Trust on your own. They are often regarded as a Tax loophole and that’s because there is so many was of setting up a Trust. So get your accountant to do it for you.

Trusts allow you to keep control over your assets. This is perfect when you venture into property and don’t want to lose your assets to a relationship that goes sour. Trusts are therefore idea for family businesses, where you want to create a structure that preserves assets for future generations. You could also use a trust where you want to keep long-term control over managing the business.

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A Brief Guide To Online Finance Degrees

Online degrees are gaining popularity because they are flexible, accessible and convenient. However, if you plan on getting a finance degree online you need to make sure that Moreover they are also acknowledged by most of the employers provided they are pursued from accredited online universities. You can opt for various levels of degree programs as well as certification programs completely online without discontinuing your existing job.

Types of Online Finance Degrees

Different levels of degreesin finance can be pursued online; this includes undergraduate, bachelor’s, master’s as well as Doctorate Degree in Finance. You can even consider various types of specialization to develop niche careers. Some online colleges even offer a combination of accounting and finance degrees.

Some of the most popularOnline Finance Degrees are:

>Online Finance MBA Programs
>Online Finance Certificate Programs
>Bachelor of Science Finance
>Bachelor of Business Administration Finance
>Master of Science in Finance
>Master of Science in International Finance

Choosing an Online Finance Degree

If you are interested in a specific career in the field of finance, you can consider different levels and types of Online Degrees in Finance. They can help you to develop lucrative careers like finance analyst, finance manager or budget manager. However, while choosing an Online Finance Degree at any level, you should look for credible degree programs. You should conduct adequate research and develop a list of accredited online colleges which ensures quality online education.

You can find out about its accreditation from various accredited agencies which are recognized by the U.S. Department of Education. With these accredited degree programs, you can develop a lucrative career in the field of finance. This can enable you to get jobs in various work settings like private banking, financial planning, insurance or investment management.

Curriculum for Online Finance Degrees

The curriculum for an Online Finance Degree is one that can help you to develop a strong foundation in the field by gaining business skills along with gaining knowledge about different areas related to the field like finance, marketing, management, economics and statistics. You can also get in-depth understanding about various aspects of the field like risk management, related concepts, different strategies, investment and banking and financial markets.

The basic curriculum for different types of Online Degrees in Finance includes subjects like:

Financial and Intermediate Accounting
Cost Management
>Business and Finance
>Mathematics and Statistics
>Money Markets
>Commercial Finance
>Fiscal Accounting
>Financial Administration
>Global and Domestic Business Finance
>Introduction to Economics
>Investment Banking

An Online Finance Degree offers a lot of benefits and can help you to get experience as well as pursue higher education without leaving your existing jobs or compromising on other family commitments. You can pursue it at your own schedule and pace and can take it up from anywhere and at anytime.

In these times of uncertainty, a finance degree pursued from a top university is one of those few careers that still promise a good salary and a prestigious job.

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The Future Of Finance Jobs

In the not so long-gone past, many career advisers were advising young people seeking to start out a career to go into finance. The financial markets were doing well then, finance jobs were in plenty and MBA schools were bursting with young students seeking to build a career in finance. And the finance jobs were, of course, not limited to the financial markets. With a strong economy, finance graduates who couldn’t get jobs in the financial markets and investment banks could quite easily be absorbed into commerce and industry accounting jobs. Other would get middle office finance jobs in the public service, and going was good.
Then the bubble burst.

The economy went into recession mode, the financial markets shrunk and finance graduates who had taken up jobs with investment banks found themselves facing the axe, as the investment banks are the worst affected by turmoil in the financial markets. And as if on cue, companies, in a bid to cut costs, were also cutting on their head counts, thus also shaking the fortunes of the finance graduates who found commerce and industry accounting jobs in the private sector. In the midst of all this, it seems that the only secure finance graduates are those who took up middle office finance jobs in the public sector, but even this is not fear-proof for we do not know for sure what the full effects of the economic turmoil will be on civil service staffing.

So in the face of all this, what is the future of finance jobs?
It might seem counter-intuitive to say, but the future of finance jobs is still bright, in spite of the current turmoil in the financial markets. As it were, economists tell us that the current economic turmoil is largely short-term to medium term, which is to say that it won’t be with us forever. Which means that the people who chose to pursue a career in finance need not regret their choice, as better times are coming. But even before the better times arrive, the people with finance backgrounds who are currently getting laid off might not find themselves in the cold for too long.
As governments unveil the various economic stimulus plans, there will be need for people to manage the money as it goes into various sectors which translates to some finance jobs. Of course the finance jobs created in this way will be for the best brains in finance.

And then there is the fact that all companies, like human beings, have a native survival instinct, which they are likely to find handy in these hard economic times. One survival strategies for companies in crises is to hire the experts who are likely to navigate them through the particular crises. And since the current crisis is financial, the companies are likely to find themselves hiring financial experts to help them address the economic crisis. Of course, the companies are not likely to be overtly looking for finance experts to help them address the financial crises. What we are likely to see is an increase in commerce and industry accounting jobs, but the accountants so hired are bound to be almost exclusively tasked with cost and revenue management tasks, geared towards helping their employers sail through the turbulent times successfully.

And finally the good times will surely come back again. If the history of the financial markets is anything to go by, we know that all bursts are always followed by booms.

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How Can You Finance A Mortgage?

Most homeowners purchase their houses through mortgage finance or a loan. There have been many changes in home mortgage financing and loans in the past ten years, bringing many benefits to homebuyers. These changes also bring some significant tradeoffs. The greatest benefit a homeowner received from the changes in mortgage finance is that there are more choices. More choice means a homebuyer can effectively shop around for the best mortgage finance deals and make better decisions.

There are a number of specialized mortgage finance institutions that provide mortgage finance products. Savings and loan mortgage finance institutions are also known as thrift associations, since lenders take the deposits of their customers and use the money to create mortgage finance and loan products. Thrifts declined during the 1980s when interest rates were erratic, and mortgage failures were at an historic highpoint. Thrift institutions were replaced later on by mortgage finance bankers, who originate the mortgage finance product and offer them to investors. In the 1990s, mortgage brokers arrived on the scene. These are freelance mortgage finance agents who handle loans for a number of lenders and sell them to several clients that may include investors or homebuyers. Mortgage brokers remain popular with homebuyers who are looking for mortgage finance advice. Because these brokers have relationships with several lending firms, they represent the best source of mortgage finance advice concerning the current real estate market. Another good source of information for homebuyers who are looking to make a final mortgage decision is the Internet.

The general rule in the 1980s was that only individuals with good credit could obtain a mortgage finance loan. In the current market, nearly anyone can apply for such a loan if they want to buy a house. If you have excellent credit, you will probably find a mortgage finance loan that covers the total purchase price of a home. Having bad credit does not necessarily mean that you will not be able to get a mortgage finance loan, however. It is still possible, but you will pay a higher interest rate. Homebuyers who are getting their first house and how do not yet have a credit rating also have mortgage finance loan options available to them. These loans typically have low down payments and flexible standards defined in the underwriting.

The loan approval process has been made much faster because some of the underwriting has been streamlined. Computers have allowed mortgage finance loan information to be accessed rapidly, In fact, some finance companies offer approvals online or by using computer programs. The concept of credit scores” has also led to a decrease in the number of finance loans that are rejected. Credit scores can offer some relief in usually strict mortgage loan approvals, so applicants have less of a problem.

The modern mortgage finance market has developed a number of new mortgage products as well. When interest rates began to fall, homeowners took advantage of the decreases to refinance their mortgages. In order to reduce the expense of refinancing, lenders than began to offer mortgage finance loans without discount points.

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Where To Get Your Online Finance Degree

An online finance degree is a wonderful option for individuals who want to go to college, but for whatever reason prefer an online forum as opposed to a traditional classroom. Frequently, those who opt for an online finance degree have busy schedules already because of family and work commitments, and juggling a typical class schedule is nearly impossible. Also, individuals who have disabilities often times opt for an online finance degree simply because it is easier to work straight from home. No matter why you want an online finance degree, there are many options out there for you to choose from.

The online finance degree is a very popular major, and because of this almost all of the online universities offer the online finance degree. In addition to this, the online finance degree is not only available in bachelors, but also in masters and in some cases PhD. So, no matter if you want just a bachelor’s online finance degree or want to get an online finance degree at ever level, the choice is totally yours.

Paying for your online finance degree is not as difficult as it ahs been in the past, either, because now you can get student loans and choose different payment plans for your online finance degree. Paying for your online finance degree has never been easier.

In addition to this, you will need to decide exactly what you are looking for in the university where you will obtain your online finance degree. The reason for this is because there are so many online university options that range in popularity, accreditation and cost, that you will need to find out which ones offer the best online finance degree for your budget.

Be sure, however, before you begin studying for your online finance degree that you know your university is accredited and has many successful graduates with their online finance degree.

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