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How to Turn Your Junk into Cash

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If you have a lot of junk but not enough cash, then you need to find a way to sell it. However, this can be easier said than done. The way you go about it can make the difference in how much you are able to get and how soon you make money. Therefore, use the following tips and you’ll be able to turn your junk into cash in no time flat:

Make a List

The first thing to do is make a list in general. This should include everything that you own in the physical world. Even if you would never dream of selling it, you should write it down. Sometimes, it helps to walk through each room and take your time to note down what you see. The reason is, you are simply trying to get an inventory of what you own. Then, you are going to see if there are redundancies. For instance, if you have two extra lamps that you never use, those might be candidates for flipping to someone else for to save a little extra cash.

Use the 80/20 Rule

This next part is very important. However, it is also difficult for a lot people. You need to make a list of the 20 percent of items you would keep if you had to throw out the other 80 percent. Take your time with this part. Once you have that list, then you can try to sell everything that was not in that top 20 percent. It might feel hard, but it’s a way to clean out your life and gain extra income. So, stay strong.

Use Online Markets

With the internet, you don’t have to sell things at garage sales anymore. This is still possible, but it can take longer to flip your things. Instead, leverage the power of reaching everyone in your area that is looking to buy items. Get an account on Facebook, Craigslist, and other local markets online that service your area. The, begin taking great photos and posting each item. Make sure the descriptions are specific. You really want to put yourself in the mind of an advertiser here.

Negotiate

Everyone has a price they are willing to pay for your item. However, this price might be different than what you want for it. At the end of the day, your ability to get more money for your junk will come down to negotiating. You don’t need to act like a used car salesman. However, a few simple tricks will help you. First, price the item slightly higher than you are willing to sell it for. This gives you room to negotiate and let the buyer feel like they are getting a great deal. Secondly, always make a counter offer. A lot of times you can meet right in the middle.

Rent It

If all else fails, do not give up hope. You can still make money from your things that you no longer use. Instead of selling them for a lot of money upfront, consider renting them. Some people may be willing to pay small sums of money per day or hour instead of one lump sum to buy it.

What are Business Insights?

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When you’re running a business, and looking to make decisions about the future, you need to feel confident that you’re making the right choices. Founders and CEOs are under a lot of pressure – this stress is well known and easy to understand: people’s salaries (and therefore whole lives) are resting on your ability to make a good choice and keep your business profitable. It’s this stress that goes some way to explain the high wages CEOs and other executive level personnel can command.

Shoring up your decision-making processes with objective data can lift some of that burden from your shoulders: data about the market, about your customers, about your rivals in the industry give you a foundation of fact you can base your decisions on, and even the ability to predict the outcome of the choices you’re making.

Unfortunately, you likely don’t have time to become an expert on statistics and data interpretation as well as in your industry, your employees and your clients. Trying to perform your own data gathering and interpretation will simply stretch you too far, and leave you unable to do your job effectively. As a CEO or founder, it’s your role to take high-level decisions that steer the future of the company, not become mired in minutiae. What you need is expert help.

Brand intelligence companies and market research firms don’t just perform surveys. While this is a vital function they can help you with – your reach only extends as far as people who’ve already chosen to shop with you, come into a branch of your business or otherwise share their contact details with you, while market research specialists have access to a cross section of your entire potential market – it’s far from the only thing they can do for you.

One of the most important functions a good market researcher will perform for you is the interpretation of data. If, at the end of a research project they simply present you with a spreadsheet showing how people responded to your questions, they’ve left the job half done. What you need are insights: interpretations of that data that even a non-expert can understand and use to inform their business decisions. Extracting insights from a dataset means connecting multiple results to create a ‘story’ that tells important things about your customers, and that you can use to supercharge your decision-making and make sure you’re heading in the right direction for success.

What’s the Difference Between an Independent Adjuster and Public Adjuster?

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Understanding the difference between a public adjuster and an independent adjuster is a subject that needs to be addressed. Many do not comprehend their disparities and what makes them each unique to a claim. There are two types of adjusters: public and independent. These two professionals have many differences tied with their job and employer. Below will be listed the differences that are associated with the two that can better help you determine and understand why a public adjuster would be most suitable for an insurance claim for property.

Disparities: Public Vs. Independent

A myth that many people think is that independent and public adjusters are the same individuals. That is not true. They have a very essential differences. While both work for the same goal: to manage an insurance claim, an independent adjuster is employed by an insurance company, despite the word “independent” in their professional name. While they represent you and your insurance company, their main goal is to fight for the rights of the insurance company, not yours. Whether an insurance company decides to hire an independent adjuster or use one of their company adjusters, both their goals are the same: they don’t want to give you the upper-hand.

On the other hand, a public adjuster is your friend. They work to see your claim have a successful outcome. They take their time to gather evidence and review your policy with extreme detail to ensure that they have a solid case against the insurance company.

You might consider using a public adjuster if you believe that inadequacy is being provided by the company adjuster or if they have offered you a settlement that is not what your damage is worth. Remember, you pay for a policy every month for damages that may happen, and when they do happen, you deserve to be compensated.

Public adjusters in our Miami Firm will provide you with the following:

  • Expert knowledge
  • Network of contacts
  • Deciphering of your policy
  • Fierce combat skills
  • Excellent communication
  • Dedication/ Willingness to succeed
  • Compassion
  • Quick payment; and
  • More

Get in touch with us today. We work hard to see you successful. We want and watch out for your interests. Don’t be deceived by the quick offer that most insurance companies will give you.

How to Make Money from eSports

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Electronic sports, meaning digital games, are fun to play and have also become suddenly mainstream. It’s not just the nerds in their moms’ basements who play video games anymore. The popularity of multiplayer video games, such as Halo and Overwatch, have given rise to an eSports sector that is akin to major league sports in its profitability. The sector is predicted to surpass the billion-dollar mark in 2018. By 2020, eSports would have revenue similar to European Ligue 1 football. While the sector currently lags behind NFL or MLB in terms of revenue, it’s catching up fast.

This is a trend that even entrepreneurs and traditional investors, like Jason Sugarman, have been closely observing. Mr. Sugarman, a private equity investor with decades of experience, has made investments in the major eSports league Team Liquid. It paid off when Team Liquid recently won the annual Dota 2 championship and took home a winning prize of more than $10 million. The sector is definitely showing amazing opportunities for both sports and tech investors. If you are interested in making money through eSports, here are several tips for doing so:

Invest in a Well-Regarded Team

Investing in eSports can be similar to investing in regular sports, in that people can place money on teams, explains Jason Sugarman. As he did with Team Liquid, small-time investors can find a great team to invest in. A good eSports team would have a great dynamic between players and a history of winning. Observe the team for talent and see what type of talent the team displays toward the game. Finding teams specializing in a game or two would be better than teams that play in everything.

Consider Star Players

Unlike traditional sports teams, eSports teams are not contract-bound as of yet. Therefore, some teams may see players come and go frequently. If this puts you off investing in a team, then consider investing in star players. There are definitely star players in the sector who perform incredibly on many teams. Investors can back these players and win as they do. It’s not so different from investing in a star player like Ronaldo.

Don’t Forget the Merchandise

Merchandising is extremely strong in eSports, perhaps even more so than in traditional sports. Investing in merch is definitely a great way to earn excellent returns in the sector. But don’t bet on traditional merch like T-shirts and caps, though they matter as well. Digital sports fans are more likely to purchase tech-oriented merch, like supporting apps or gear. Investors can definitely earn a killing with tech gear in the eSports sector. Keep in mind that the console market is growing, which indicates a significant uptick in the type of merch eSports fans prefer.

There are also eSports stocks to consider. E-sports stocks are a great way to invest traditionally in a non-traditional sector. The stocks belong to companies that develop games like Activision or Blizzard. If a game does well, the company stocks go up. In general, invest in the stocks of companies with legacy titles that have remained popular for years. For example, Microsoft’s Halo is a lucrative legacy title. Blizzard has a number of titles, including Overwatch, Hearthstone, and Starcraft, which have remained popular for decades. If the informed predictors are right, then stocks of these companies will dramatically rise in the coming years.

What Is a Trust Entity Type?

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A trust entity is a structure that a trustee can use to carry out business on behalf of an individual to administer, manage, and transfer assets to beneficiaries. The trustee can be a person or a business. Many people create trusts so that they can transfer property or money to beneficiaries without probate. Trusts are also a great way to increase privacy, avoid estate taxes, and protect property from creditors. If you have more questions about how trusts work or how to handle taxes for a trust, keep reading.

Two Types of Trusts

 

There are two different types of trusts:

  • Revocable trust: This trust includes provisions that may be changed or terminated by the grantor (the person who creates the trust).
  • Irrevocable trust: A trust that can’t be terminated or modified unless there is permission given by the beneficiaries. When a grantor creates this type of trust, he or she gives up ownership rights to the assets inside of it.

No matter which type of trust is established, there are advantages for liability, assets, and income distribution.

Paying Taxes for a Trust

 

If you’re a trustee, you have a lot of responsibilities. You must pay the expenses incurred while administering the trust. These costs may include trustees’ fees, accounting fees, and taxes. If you are administering a revocable trust, you will use the grantor’s Social Security number for tax identification purposes. However, a separate tax identification number such as an EIN is required for irrevocable trusts.

Administering a trust and obtaining a tax ID number for it can be confusing. But with IRS-EIN-Tax-ID Filing Service, you can easily apply for a trust tax ID number online. If you need to find the existing number, you can conduct a tax ID number lookup. If you have more questions about trusts and taxes, contact the team at IRS-EIN-Tax-ID Filing Service for answers.