Whaddya need a Business Contract?

A contract is an agreement between two parties. It can be a bilateral or unilateral contract, and the end result is execution of contract (completion). There are 5 essential elements required to support a valid contract:

1. Agreement. This includes offer and acceptance communicated to the party involved in the preliminary negotiation.
2. Consideration. Something of value or bargained for in exchange for a contract.
   The value does not have to be equal on both sides.
3. Capacity. Must be at legal ability to accept or create a contract. If one party is no capacity to deal with the contract, the contract is void.
4. Legal Purpose. Must have a legal purpose enforce the contract.
5. Genuine Consent. Genuine consent does not have to be shown by in writing except for contracts covered by the Statute of Frauds (and those must always be in writing).

To execute the contract from to start to finish, these elements will help complete the tasks assigned for both parties. Without any of these elements present in contract, it will be easily void.

FYI. Always consult a professional when you need to create a business contract, to make sure all important matters are covered.

Checklist - Where's Your Online Business Headed?

I would like to share this article that I got from SCORE.org website looking for business documents as I need one for my online business. I hope this help you build your business.

Setting realistic short-term marketing goals with help you clarify your long-range objectives. The list of questions will help you define the future of your online business.

I. What are your Internet marketing goals for the next year and the next three to five years in these areas?

- Dollar Sales
- Unit Sales
- Profits
- Market share
- Markets to enter
- Customer-base expansion

II. What are your six biggest marketing challenges, in order of urgency? (e.g., consumer trends, technology challenges, customer to mix, competition, staffing, margins, media, etc.)

1. ______________________________________________________________

2. ______________________________________________________________

3. ______________________________________________________________

4. ______________________________________________________________

5. ______________________________________________________________

6. ______________________________________________________________


III. What major threats and opportunities will your company face in the next three to five years, in these areas?

- Products and services
- Staffing
- Customer attitudes and trends
- General business conditions
- Competition
- Changes in technology

IV. What new competition do you expect within the next three to five years?
(Consider technological developments and product/service innovations, as well as alliances, mergers and acquisitions.)
______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

V. Which competitors do you expect will decline or disappear within the next year? Three to five years? Why?

1. ______________________________________________________________

2. ______________________________________________________________

3. ______________________________________________________________


VI. What proportion of your online sales a year from now will come from new products or services? _________________ %

From new market? ____________________ %

Sales from new products? ____________________ %

What about three years from now? ____________________ %

From new market? ____________________ %

World biggest companies

Wal-Mart Store still hold the top spot of world largest companies. They previously rank no.1 last year and keeping that spot for a while now.

Retaining its spot as the largest company in the world, the retail giant spent the last year making strides toward becoming friendlier to its workers and the environment. Long derided for the limited health-care packages offered to its employees, the company focused on expanding its options. As of January, 93.7% of Wal-Mart’s U.S. employees had some form of health care, up from 90.4% last year.

continue reading: CNNMoney

Financial Impact of Human Resources.

I'm reading the article in "The Financial Impact of Human Resources Management Activities" (my class in Human Management Capital) and I found this graph that explain everything.

Employee satisfaction, produce customer satisfaction, result in profit, revenue for the business.

I would like to share this to my readers what is the important of having the right people (partners) in your business, why it is important? The business goal is profit, revenue for the business and continue to grow efficiently.

Reference: Managing Human Resources 7th Edition by Wayne Cascio

Cityware.com New Travel Website.

Travel Booking for Airfare, Hotels, Cruise and Vacations Package by Cityware.com now with new website design and professionally equipped videos of your vacation destination.

The Cityware.com website is a straight forward travel marketing brochure with Google Adsense text and images to provide additional content.

If you are interested to create your own Travel Agency Website, visit Cityware.com and read the compensation plan.

To book your next travel with us, please try our service at Booking.Cityware.com.

Thank you.

Business Values

I am searching the Internet today looking for something that will help uplift my entrepreneurship values and I stumbled to CACI's Ten Business Values that I would like to share with you.

1. Place integrity and honesty above all else.
2. Put our clients first.
3. Create value for clients and deliver quality.
4. Provide career opportunities for our people.
5. Recognize and reward our top performers.
6. Maintain a value-oriented culture, where people enjoy working.
7. Grow our business profitably, and create long-term shareholder value.
8. Maintain accountability and responsibility for what we do... and if it's not right, fix it.
9. Treat each other fairly, with mutual respect, and with equal regard for our clients, shareholders, business partners, vendors, suppliers and the public at large.
10. Work to sustain the highest-quality reputation for CACI and its people.

Get more details here:

DNCon.com Domaining for Business.

For Domain Name Entrepreneurs, Webmasters and Investor community that shares their knowledge for FREE. DNcon.com provides upcoming Events, Business News and Community that help new domainer in business. Joining Domain Name Conference Social Network is FREE, and if you have an existing NING ID, you can use it to login to DNcon.com community. Start using the forum, post photo, video, etc.

You can also create your own local group and easily manage them using the DNcon.com built-in tool. Check it out today!

World Internet Users as of March 2008

If your business profits coming from Internet visitors, you might want to check this statistic. As of March 2008, ASIA Internet Usage Statistics is 37.6% compare to North America 17.5%. Another interesting statistic is Africa for 27.1%.

Given this results, the world internet penetration rates still goes to North America for 73.1% while low results for ASIA 14.0% and Africa 5.3%.

For more detailed information, please continue reading here:

http://internetworldstats.com/stats.htm

Developing a website for business!

Developing a website is a challenge for everyone, some don't have knowledge to start, some don't have the money, some don't have the time, etc. Which one are you?

I personally having a time management issue to start a project. I believe 24 hours is not enough for me. I'm asking God to make it 48 hours. Just kidding.

Seriously, I plan to develop a domain to a full website at least 1 web project a week. So far, I'm behind 1-2 weeks for every project. The last project is www.Chicago-City.com and www.FairfaxCity.com, the design and content is 80-90% complete. I need to bring up the advertising space so the visitors will know that we are accepting ad space. I have the graphics for ad space ready, so integrating the auto paypal payment is next. I hope to can complete this task in a week.

I'm also building my development team but very slow in process. So I guess I will be another months of managing my time in a more productive way. Hey what about my Marketing Team, I guess this is next!

New! Place Ads on Television from your Google AdWords account

I've got this email today from Google regarding their new ads on television.

--- start of email ---
Dear AdWords Advertiser,

You're invited to try Google TV Ads, the perfect complement toyour online campaigns. Google TV Ads makes it easy to reach newcustomers, drive more traffic and increase your sales volume -turning TV viewers into your customers.

Join us for an online webinar led by AdWords specialists to learn more.Sign up for a webinar.

Don't have an ad? Let Google cover the cost. For a limited time,we'll reimburse the cost of creating your ad through our AdCreation Marketplace, up to $2,000 (subject to applicable termsand conditions). Learn more about this offer.

Are you ready to give Google TV Ads a try? Log in to your AdWordsaccount and click on 'Create your first television campaign' inthe 'Other Campaign Types' section at the bottom of this page.

Sincerely,
The Google AdWords Team

--- end of email ---

Buy it now or your best offer?

We all think our online properties (domain names and/or website) worth a few hundred, or thousand, or maybe a million hard earn cash. I guess some of you will agree with me and some don't, who really care? We just want to make money, that's a primary goal. Though we have to make a simple baseline to follow so we can meet that goal.

The question is "How do you negotiate a deal without losing your potential customer?".
This is based on my previous transactions as a buyer or a seller.

I'm always open to offer. I hate putting bin price or fixed price, this will push the "potential" buyer away. I let the buyer set the price how much they can afford to purchase the domain. It's the buyer who really knows what his/her budget anyway. If the offer is close enough, we seal the deal right away. Then move on to the next.

Not all domains fall to "best offer" negotiation. A good example is GEO online properties (domain name), they don't get a lot of traffic if not develop. This is similar to some premium keywords found in the Internet. The selling negotiation and pricing is different.

I hope I was able to provide you some basic tips on how you close a deal.

Best regards.

MTRG.com 10 years old domain.

This domain registered since 1998, great building your ad network, easily index by search engine.

Easy push to your NeedName.com Enom Technology Partner (ETP) account.
The domain name is now SOLD.

Payment Terms:
Bank Wire Transfer or Escrow +transaction fees.

Thank you.

How to do PayPal "Mass Pay" payments and avoid fees. Read and learn!

This how to guide is prepared by pcproffenno, a DNF member.

I would like to share this information to all entrepreneurs.

HOWTO Start ---
I stumble upon a lot of people all the time who does not know how to pay with PayPal's "mass pay" feature, which only costs $1 in fees, instead of the usual 4%. I will therefore try to write a quick guide on how to do this. It is quick, easy and as long as you're paying with PayPal balance, anyone can do it. Some people believe that PayPal is only charging fees if the buyer is paying from credit card, but this is not right. PayPal charges roughly 4% of the amount from the payee, even though it is a PayPal balance payment.

Mass pay can be made only from a Premier/Business account, not from Personal accounts. Paypal does not charge incoming payments from balance to private accounts, so if you pay someone with a private account, just send normal payment, its free.

I know most of the experienced domainers on this forum knows how to do a Mass Payment, but I thought this might be useful for all the new domainers out there. Here we go...

Mass Payment
According to PayPal's mass pay instructions, you are supposed to create an Excel file with the payment information and save the file as a text file with tab separated values. I believe there is a much easier way to do it:

I. Open up notepad (or any text/ascii editor)
II. Type the following information, separated by tabs (use tab key, not spaces).

An example of a payment text file:
payment@king.net 999 USD

This textfile will, when uploaded to PayPal, process a payment of $999 US Dollars to the PayPal address payment@king.net

Save the textfile as anything you'd like, just try to remember where you saved it for later.

III. Log in to your PayPal account the usual way, but instead of sending a payment the regular way, look for the small link on the bottom of your screen that says "Mass Pay". Found it? Good, now click it.

IV. You are now one step away from doing a mass payment. Browse to find the text file you just created in notepad and upload it to PayPal as directed. Type in the e-mail address you want the receipt to be sent to and perform the payment by clicking the button.

Voila! The PayPal recipient has now received his/hers payment and it only cost you $1 in fees, instead of 4% !

Good luck with mass pay payments, it has saved me a couple of bucks as some deals involve adding the 4% fee to the final sales price.

HOWTO End ---

Certified Referral Travel Agent (Certified RTA)

I'm so excited that I was able to complete a whole day seminar for RTA Certification yesterday (April 19, 2008) so I can avail additional 10% of commission (in addition of my current 60%) from my partners online travel websites and REP (Travel Agents).

Yes, I am now a Certified RTA.

So where do I go from here? Travel industry is a great addition when you develop a GEO domain names to make it a complete online portal providing informations, local guide, hotels, air, vacation packages, cruises, golf resorts, etc. To make it easy for you, check out http://www.chicago-city.com/ Travel and Local Guide online portal which uses NorthAmerica.NET travel engine to make a reservations, air and hotel booking, and other products.

To give you some informations about this business. I joined Your Travel Business http://www.ytb.com/cityware this is my partner page where you can join, learn the compensation plan, company presentation, etc. I am using http://www.cityware.com/ to market my Travel online website where visitors and friends can book their next vacation, hotel and airfare. I blog this business opportunity last February , here's the link: http://my.king.net/2008/02/citywarecom-travel-resources-now.html.

If you are interested, please don't hesitate to send me email (emil [@] king.net) with your name, contact information and email address. Let me know what is the best time to get in touch with you so I can explain the business and how it matter to us as GEO domain owners.

In my next GEO website development, I will develop it using http://www.ytb.com/cityware as my booking engine.

Here are some useful links to give you more details about Travel Agency business.

Company Presentation, this will give you enough information about the business.
http://www.ytb.com/Presentation.aspx?wa=cityware

Show me the money, this presentation will explain how you can make money as YTB partner.
http://www.ytb.com/Compensation.aspx?wa=cityware

If this business opportunity is sold to you, become one of my partner today. Please use my Team link.
https://www.ytb.com/SelectCountry.aspx?wa=cityware
If you have any questions, please send me email with number to call you.

As of this date, this business is only available in the US, Canada, Bahamas and Bermuda. Hopefully, this will goes international and we are part of the business growth.

Thank you.

Fairfax.TV is forsale.

Looking to find an investors for GEO .TV domain name. Limited time offer only.

Accepting offer at minimum $135K or best offer for this domain, at $1000 renewal per year. It is registered through NeedName.com Enom Technology Partner (ETP), easy push to your account. We have plans to develop this domain just like Chicago-City.com Online Portal. If your offer is reasonable and within our selling price, we can close the deal right away.

GEO domains .TV the next money maker.
http://my.king.net/2008/04/geo-domains-tv-next-money-maker.html

Bargain sales for .TV domains:
Burundi.TV for only $750 GEO names

All sales not valid after 1 month, please send e-mail (emil @ king.net) for inquiry.

Thank you.

Chicago-city.com Online Portal is LIVE

I blog here that Chicago-city.com is being develop as a complete portal. Just to give you a quick peek of what Chicago-city.com has to offer.





Here are some services available as of this time.

• News targetted for Chicago financial, media, entertainment, business, etc.
• Free Email for businesses (still in progress)
• Local Advertising
• Dining and Restaurant directory
• Business Directory
• Jobs
• Forums (still in progress)
• and more in the pipeline.

If you have any suggestions or comments, please let us know send email to support @ Chicago-city.com or post your comments here.

To see our project in progress, please visit Chicago-City.com Online Portal for Travel and Local Guides.

TWAB.com Urban Word

TWAB.com minimum offer to consider $6500 or your best offer to sell this brandable domain name.

NeedName.com Enom Technology Partner (ETP), easy push to your account.

meaning1: to club a stupid seal!!
ex. when u r mad at a seal and u twab it

meaning2: A contraction of the words twat and scab.
ex. Don't be such a bleeding twab.

meaning3: a group of AWESOME people
ex. im gonna go on a hike with that twab cuz theyre so cool

Payment Terms:
Verified Paypal +3% fees or Bank Wire Transfer or Escrow +transaction fees.

For all question related to this domain, please send email to EMIL @ KING.NET

Thank you.

October 2008 Registry Fee

Another domain registration increase folks, email I received from Tucows newsletter today.

-----
Verisign, the registry operator for .com and .net domain names,recently announced that beginning on October 1, 2008, the registry fee for .com and .net domain names will increase. The registry fee for .com domain names will rise from $6.42 to $6.86 and the registry fee for .net domain names will increase from $4.60 to $4.98. Please note, this price increase comes from the registry and not from Tucows (or your registrar). The $0.20 ICANN fee and the Tucows Management Fee remain unchanged.

Because the current contract between ICANN and the various domainregistries allows registries to increase their prices a few more timeswithin the upcoming years, you should expect to see more domain nameprice increases in the future.

To avoid the October price increase, consider renewing your domain names now and encouraging your customers to do the same. Multi-year renewals and new registrations that take place before the price increase takes effect will be billed at the current per domain, per year rate regardless of the renewal or registration term. We encourageyou to take advantage of this potential saving.

Thank you for your continued support of Tucows.
------

Based on this email, I guess Enom will send a similar announcement.

Embrace yourself, PPC is getting worst in revenue results, Google and Yahoo not accepting domain parked advertising, and continous increase of domain registration fees. Now you have to get the domain name that you plan to develop or maintain the one that brings $ to your pocket.

I see more domains drops in months ahead.

NeedName.com Domain Name Registration for $8.88/year

NeedName.Com sells domain name registrations with a premium service set all included in the discount price of the registration. You will find our domain names and services to be one of the best values around.

Low cost of ownership managing your domain name portfolio at $8.88/year for .com .net .org .biz. us .info and more domain extension available. This means that you can manage most of your domains in a single console.

Start your own .TV Social Networking site, comes free with every .TV domain registration with NeedName.com.

Domain name is a great investment that increase value year after year. Protect your business brands, drive traffic to your business, or just protecting your business identity.

KING.NET $10 Million or more in year 2015.

Will you believe me when I say KING.NET will value US$10 Million or more after year 2015?

As I continue to use this domain to introduce and conduct businesses I keep receiving offers. Well not enough to consider it. As I posted last April 2 (http://www.king.net/2008/04/kingnet-is-forsale.html), you will only get my attention when you offer me at a minimum US$ 2 Million to start the negotiation. This is not including escrow transaction fees.

It is just around the budget when pizza.net last auction ended at US$ 1.15 Million bid. If you use google search engine, it will produce 175,000,000 results for "pizza" while "king" return 538,000,000.

As expected, a lot of domain investors doesn't believe that .net version of pizza.com will not sell close to 15% which is US$390K at least. The posted bid for pizza.net is US$1.15 Million this is 44.23% as compare to pizza.com. Of course after the confirmation of sale.

Based on this record sale, KING.NET is just around the target. The domain name was registered since 1995. In 2015 - 2025 the price could reach US$10 Million or more, will never know and only time can tell.

Meanwhile I will enjoy using KING.NET to transact my business.