Internet Business – Page 2 – Mohsin Rasool

Credit Card Interest Rate Puzzle & Banker’s Bomb

December 31, 2009 by Mohsin Rasool

Just today I received my Credit Card statement and maybe this have been the first time I misplaced my one check which was supposed to be in the drop box. So only partial payment got through but the finance charge (interest) payable is just unimaginable. No problem will be cleared this month but this made me think HARD!

Ok here are figures, solve this puzzle what rate they applied. Outstanding balance for the month of November was: PKR 46,843 , I have paid PKR 42,000 on due date and check of remaining payment was never dropped (forgot!) so outstanding balance was about PKR 4000 , and today i received this statement with almost PKR 2000 as finance charges. Wow only for one month it is about 50% for the payment. Which mean annually it would be 50*12= 600% for the year!

LOL impossible! I called their call center and they dropped a BOMB on my head and I got to realize how great this credit card banking business is!

He shared with me few things which were completely NEWS to me:

1. When you do not make FULL payment , every cent, it is called partial payment, and it does not matter you may 10% or 90%. Finance charges is calculated to FULL payment, not the outstanding balance! So while i was thinking they will calculate charges on outstanding balance PKR 2000, at the same time the banker was calculating the interest on the full payment of the month.

2. Also interest rate is calculated on each transaction daily, from the date of transaction to the date when the whole balance for that month will be paid. So it gets really worse.

Now after knowing these above two facts I came to realize how many close dear friends of mine got into Credit Card debt hell. It was the smart banker! But i do not blame only the banker, as we should take full responsibility of our acts. As we have signed and agreed T&C with the banker and we are using his money for the full month without any charges(if paid on time.)

If i knew the above facts before the due date, I would have made sure to make the full payment. I thought as we have paid almost 90% of the outstanding , very nominal charges would be due to us. But this is totally different world. I am posting this on my blog to make this the part of the record so you and I can be careful for the next credit card payment.

Seven Best Free Tools I Use Everyday in my Business

December 22, 2009 by Mohsin Rasool

Here is list of seven (07) best tools which are free to use and I cannot run business without these tools which I use everyday:

1- Firefox Browser

I know you may already use it, this is great browser made for Internet Marketers. I put this on #1 for its great plugins. Most of the Time I use Following Plugins:

SearchStatus SEO Plugin– Great plugin for SEO guys. Shows all stats you need about any website you are browsing right now.
DownloaderVideo – Using this you can download your favorite videos to your computer.
ScrapBook – Save any website page to your computer for offline use, with everything intact.
FireBug – Great plugin for website developers. It is just the awesome plugin.

2- VLC Media Player

Play every format of MP3, MP4, DVD format. VLC Player can play any audio, video, or DVD without asking for another CODEC to install.

This media player is Lightweight, Fast and Great when it comes to play any media on your computer. I just hate it is Cap like ICON 😉

3- Free Download Manager – FDM

Sometime we have many files to download to our computer. Thing is it is hard to manage and download all small files one by one. It is just boring and time consuming. So I use this tool. You can put every file to be downloaded in it and it simply keep downloading every file one by one.

I suggest you download LITE version as it is light-weight and faster and does the job.

4- CC Cleaner – SpeedUp Your PC

This is little tool i install at every computer I use, it does help me tune-up the PC, Windows, Vista garbage. I suggest you get this tool and cleanup your computer and see the difference in speed.

It also help you manage which program run on start-up so your computer loads fast.

5- Foxit Reader – Lightweight PDF Reader

I have used Adobe PDF Reader for years but just few months ago I came across this PDF Readers and I love it. This lightweight and very fast when it comes to open new PDF files and read them.

I simply love it. And suggest you get it to save your time when it comes to handle and view PDF Files.

6- OpenOffice – Create Free PDF

This is simply the free alternative to Microsoft Office. But best thing I like about it is that you can simply create PDF files from Word Docs.

You just click on FILE MENU, and click SAVE AS PDF..and You have your document in PDF format.

7- Live Writer – Free from Microsoft

I am using this right now to write this post. This is one of the ONLY best FREE product from Microsoft. You set your wordpress blogs account in it and you never have to login again to your wordpress blog.

This is just the ONLY best desktop blogging tool this time and I love it. It has many great features, and also easy to use as the interface is just like any other MS product, so if you have ever used MS Office, you will find it easy to use.

Hope you find at least one program in this list which you like and use!

Best Regards,

Mohsin Rasool

Paypal in Pakistan? Response to a Friend

November 21, 2009 by Mohsin Rasool

Hi,

I just wrote this personal message to a friend from Pakistan, Danish, who said this:

“Bro , Seriously due to unavailability of paypal i am really facing loads of troubles , do you have any alternative which you are using ?”

I wrote my answer there, but due to length of the message could not post there, and also I thought many other fellow Pakistani friends will benefit from this so I post this at my blog here:

Danish My Friend you are always welcome.

Yeah you are right Paypal problem we face here… But I use and recommend 2Co as this solves about 80% problem, i mean with 2Co you can receive payments from customers who want to pay though Credit Cards as well as also from the customers who want to pay from their Paypal account balance!

As i said this does not solve 100% problem as still you have no means to use those funds online, until they get into your Local Bank Account.. So we cannot make payments online as we could have made through our
Paypal account…for this i recommend to get hold of Credit Card, of yours or someone in your family who can trust you , and you can trust him/her!

Also if you have digital product and you want to tap into Affiliates market, you have also Clickbank there…to handle your Payments, and payments to affiliates!!!

MAN it used to be hard in the days when 2Co Would not accept
Paypal…
No Paypal, No Clickbank, No Problem | Mohsin Rasool
(Also download the report from there i wrote once for friends like you
facing NON-Paypal problem -)

Note: Above post/report was written before clickbank was available in Pakistan,,
but now as clickbank is in Pakistan…i suggest to use Clickbank for Affiliates
and not 2Co’s very limited affiliate program.

and when Clickbank would not allow Pakistan

…but now you have both!!!
ClickBank in Pakistan WoW! | Mohsin Rasool

You see we are making progress… so do not worry and keep working on your Goals you are going to make more than thousands who have Paypal account but have not made money online due to inaction or no work!

Wish you best there, hope this gives you some ideas,
Mohsin Rasool
PS. Oh I wanted to share this with you:

I used to earn very less money , say only Adsense…
And used to think and focus on the problem that how sad
i have no PayPal , no clickbank…

Then One day a very great friend of mine from Singapore, Ameer Salim,
said this:

“Mohsin do not focus on problems (Paypal) focus on opportunity (2Co!)”

That day was the turning point, as I said OK , No Paypal NO Problem!!!
I am going to sell and I am going to use 2Co..After all they are multi Million Dollar
company,,, why cannot they process my first Million Dollar 🙂

Then I started to offer services and some products and it really has become my
integral part of bi-weekly income…yeah 2Co sends weekly/Bi-Weekly your money
directly to your bank.

So Danish I recommend you go with 2Co and forget about Paypal problem for now.
When you have made some stuff, you will have some great friends here online.
And if you must need some payment to be received through Paypal you can ask
your friend to accept that payment on your behalf. But your sales system should
be fine with 2Co as they are going to take payment for you from all non-paypal and paypal buyers.

Oh live by revenge LOL…i mean if Paypal says : No Pakistani… Say: NO WAY! NO PAYPAL! … hahah Paypal Sucks! This will make you feel great and really this
will FREE you from the thought of absence of Paypal as disadvantage to you!
http://www.paypalsucks.com/ 🙂 – Now sometime I joke ,No it is not Paypal which does not accept Pakistan, but it is Pakistan which does not accept Paypal . HAHAHAHA!

Have a Great day! Let me know if you have any question in this regard.. I will update this post or reply in comments.

Google Apps – Future Of Business Communication

November 19, 2009 by Mohsin Rasool

Google Apps is one of the best invention in the history as far as business communication is concerned. It offers everything you need. It has all the scalability your business ever is going to need. And It has no user manual for users and no training course to use as it is THAT easy.

Are you using Google Apps for your online business? I hate the standard email packages which comes with any hosting account. I always wanted to use GMAIL for my business communications but sometime customers do not like the fact that some business is using FREE email address like you@gmail.com .. BUT it all changed…

Yeah with Google Apps you can have backend which is built on GMAIL , but in the front-end you could have you@yourdomain.com and so on! So you enjoy the both worlds!

I suggest you take a look at Google Apps today if you have not considered it before. For a business with up to 50 users it is free. So for a small business online with few employees this is not going to cost you a cent! Check out Google Apps here.

Flippa for Flipping, Good as Sitepoint?

November 15, 2009 by Mohsin Rasool

Well when Sitepoint guys launched Flippa it was not much welcomed by many pro flippers and buyers. But today i have a good news for you regarding Flippa and your flipping projects.

I just met long time Website Flipper at Sitepoint and Flippa, very experienced and successful with his flipping ventures. He told me that Flippa is now doing just as best as it used to be at Sitepoint.

Also he said that Flippa has many great features which were not available at sitepoint marketplace. Like Flippa guys have really taken Social Media seriously and they can now send your message to your Twitter followers as well as Facebook Friends and Fans.

I will share more but for now i have to quit. Good Bye.

How a Website is Created Online Exactly – Part -1

November 2, 2009 by Mohsin Rasool

In offline world with my potential clients and friends (in Pakistan) I get this question a lot. Believe me this is very hard to explain as I have forgot the basics and I do not realize sometime that how hard it was for me to understand all of this stuff when i get started…

Today I am going to explain very general overview of a Website, its component and its stages of development and essentials. First of all let me start with three main components of a Website:

Domain Name – A Name like www.YourDomain.com (You Buy it!)
Hosting – Some space on a server which is 24/hours linked to internet. (You Rent it!)
Webpages – Yeah the Real Website, the pages which you want to show there.

Then we have about three stages of building a website or creating webpages like:

Design – Drafting and Finalizing the design of your website, the template
Development – Creation of webpages using the design and code
Testing and Uploading the finalized web pages to your web host.

Let’s talk more about components of a website:

Domain Name

Domain name is your website’s internet address. Just like your cell phone number it is address which is linked to your website so that whenever access that address in his browser your website is shown to him.

~~In technical sense, you know every computer on internet is linked to the Network through an IP…~~forget about it…i cannot explain this for now..sometime later..for now remember this is your website’s unique name just like your own cell phone number. You need to register this with a domain name registrar just like you do register/buy your cell phone number from a cellular company.

No there are no FREE domain names! You have to pay registration fee every year..it can cost you about Rs. 800 to Rs. 1000 per year (about $10) depending on the registrar you are using.

Yes sometime someone will offer you a free domain but you have to buy hosting or website services from them that is how they make money otherwise if they simply give away free domain names they have gone out of business in one week!

I Want a Personal Website & I do not have money to invest – I want everything free so does website domain name!!! Well for you my dear friend of college, first of all good luck with your studies. I am proud of you to see expanding your presence online. For you i recommend some free sub-domain!

Sub-Domains are Part of existing domains and companies can offer your free sub-domains at their websites. Like I own this domain www.Rboq.com , I can offer unlimited sub-domains to anyone , their domain name would be like this: for a friend with name Asad, it could be www.asad.rboq.com or in a correct way it would be http://asad.rboq.com

If you are serious in having online website i recommend own domain name. But if you just want a free ride for now, i suggest to get some free sub-domain with any reputable host online. ~~For example~~ Note: I have googled for some good sub-domain offers and sorry i could not find any legitimate so far…but here is best deal for you..go for latest model of website called BLOG 🙂

What is a Blog – Blog is just like a website in basic sense. It has everything in it for you to start with zero cost. You can have your blog live in one hour there are some of the big players online offering free, legitimate blogs. For Example Google’s Blogger or WordPress.com . How to create your own blog with Blogger or WordPress I will post about it in my next post, Insha Allah.

Ok what if you have credit card in hand, and ready to shell $10 for your great domain name right now, i suggest you buy through NameCheap , they are one of the best domain registrars online. I have registered and managed with them my own 50+ domain names and also many many domains of our clients are registered with them.

For now that is all, In next part I would share with you about hosting and then building a website… Stayed tuned!

Regards,

Mohsin Rasool

2Checkout Owner Alan Homewood Interviewed

October 18, 2009 by Mohsin Rasool

Hi,

If you do not know already about 2Checkout, you may check this out here 2Checkout. Alan Homewood Ower 2Co

Alan Homewood, the CEO and Found of 2Co was recently interviewed by RM, interview can be accesses here: Alan Homewood Interview.

I wanted to post that I have been using 2Co for years and I cannot live without their service, payment processing for every business online is the most integral part. Top payment processor used online is PayPal… But they have many disadvantages like limited to some countries, account limitation without any notice, and some people simply hate PayPal due to many other reasons…

2Checkout comes as second best option, or I should say First best option for small business owners online who need to accept payments for their product or services. It was great to know that Alan is doing his best to make as easy as possible for his clients to sell online.

They have added many features in their service recently and i love that, for example their new affiliate network, direct deposit payment option. It is great to receive payment directly in our bank account from 2Co without any Check with months of wait…

Alan said he has vision to make 2Checkout Billion Dollar Company 🙂 That is GREAT. I wish them Good Luck.

Uploading Files Fast Quick Tip

September 28, 2009 by Mohsin Rasool

When you are regularly blogging online, you may need some stuff to upload to your site time to time.

Like a plug-in which needs to be installed manually. You need to FTP the files of that plug-in to the plugins’ directory before you can activate it.

Here is a quick tip to save your time and frustration:

Where possible upload .zip file and then Unzip on the server!

This will save you 75% time of uploading and 99% time of brain work & tension. Because it is always easier to upload one file (no matter what size) than to upload many many tiny files.

Also in case of interruption you do not need to worry what file is done and what needs to be re-uploaded..as you are dealing with just ONE file it is easier to manage.

That is for today a Quick tip 🙂