What Is An Online Business Manager And Why Do I Need One?

Online business manager? If you’re like me, you may have never heard the term before. It appears to be a relatively new job description…..at least formal job description.

The reason you should be interested is because you might be one, without realizing it. You might already have the skills to be one, or on the path to be one. Or you might need one.

If you’re Net savvy, this could be a job for you. If you don’t think you’re ready to be an online business manager yet, you could start out as a virtual assistant ( we’ll describe the difference later), or work on an online business manager’s team.

The flip side of the coin is, if you run an online business, organization or association, you might need an online business manager to handle the day to day tasks and free up your time for your core skills or to grow your business. Perhaps you just never knew such a position existed or put together all the elements you need to have for an online business and realized you could get all that implemented for you by a single person, who knows the right tools or manages the right team.

Tina Forsyth is the person who really crystalized this concept in her new book, Becoming an Online Business Manager.

Tina describes a situation in which business owners “already have teams of virtual assistants, webmasters, designers and other contractors, but what they really need is someone to manage all of this; to play a bigger role in their business so that they can grow to the next level.”
Now, as online businesses have grown and increased in complexity, with more sophisticated online tools available, Tina says she is “seeing more business owners who are ready to hire at the management level.”

When I started reading Tina’s writing, it was with a mild shock of recognition I realized I had been doing what she described for a number of clients for some time. Since I had operated a major website since 1996, I had ample experience on the web, so a number of businesses and organizations I had come into the same orbit with had asked for me to help them set up shop online. What happened, in every case, was that I was not just setting up or overseeing the set up of a website and collaborative and marketing tools, but helping them think through the business processes they would need to succeed and grow their businesses. It was a collaboration where I implemented their vision, more like a doctor collaborating with a patient, to diagnose the state of his or her health, determine the level he or she really aspired to reach, then prescribing a regimen for increased fitness to ultimately reach that goal. The actual construction of the website was more like being the pharmacist dispensing the medicine.

Why Aren’t More People Hiring Online Business Managers?

First of all, they don’t know such people exist. I didn’t. And I was one. I just hadn’t realized it. Tina says:

“For business owners, it is a matter of not knowing who or what they are really looking for. They may have a faint idea they could benefit from hiring someone to help them manage and grow their business online, but they often have no clue what that role looks like. They aren’t clear themselves on what it is they need, which of course makes it quite hard to find someone! Quite often, when we describe the role of an oBM to the business owners we speak to, we hear, “yes! that’s exactly who I need on my team … now where do I find someone?” and that leads us to the other side of the gap, that there just aren’t a lot of people out there who are actively working as oBMs, consciously or unconsciously. So when these clients start looking to fill that role, they are having a tough time finding the person they need.”

Let’s start with a job description so we can learn a little more about what the job looks like.

A sample oBM job description from the book reads like this:
The Online Business Manager will:

Have 5+ years experience in one or more of:

• the fields of marketing, ecommerce, programming, coaching, business management, human resources, project management, personal development or other related area of study, or equivalent.
• Work with the very energetic CEO/Owner of the business to create new passive revenue streams, taking them from idea to sale
• Manage administration, logistics, human resources and infrastructure of a growing online business
• Recruit additional team members and train/manage them into their respective functions
• Be familiar with and/or practically experienced in all facets of Internet marketing including:
  • Product planning and research
  • Copywriting
  • Website design and creation
  • Creation of graphics and user interface
  • Product packaging
  • Traffic generation
  • Conversion and
  • The overall strategic marketing plan that creates a cohesive whole out of these elements
• Have experience creating and implementing a business plan in a competitive environment
• Be a relationship builder, client service oriented and a team player
• Understand advertising, affiliate programs and joint ventures; be able to hold and cultivate key relationships
• Diligently maintain and create a standard operating procedure or business training manual for the business
• Be fiscally responsible

So why isn’t it easy to find these people? Tina says:
“I believe that there are .. professionals out there who have the skills to be working as an oBM; they just haven’t realized that this opportunity exists… This way of working is still quite new to most people and because of that there is a gap between the business owners who are looking to hire oBMs and the people who could potentially be working for them in this role.”

In fact, I believe there are two levels of workers an online business owner can turn to. A good virtual assistant, or VA, with substantial experience could oversee the technical tools and processes and probably has some tricks up her sleeve about marketing tools which could help expand your business. An online business manager would be a step up from that: someone who could analyze your business and its processes and collaborate with you to design the elements which would create more value and help you reach your goals.

So, if you’re Net savvy, there could be a job in here for you. Most small business owners, or growing organizations will definitely reach a point where they are either unable to handle all the tasks before them, or don’t have sufficient background and experience online to know how to proceed. When that point comes, don’t hesitate, look for an online business manager.

Forex Need Money Management to Grow

Money management is critical because it shows the difference between winners and losers. When you trade without money management rules, you are in fact gambling with your investment.

You are not looking at the long term possible on your investment. Rather you are only looking for that quick high return. Money management rules will not only protect your investment, but they will make you very profitable in your investing future.

Money management is something that most traders say they practice Money Management but few truly practice. Money management is unpleasant because it forces traders to constantly monitor their positions and to take necessary losses. It is difficult for most people to do that constantly.

It’s very important for you to understand the concept of money management and trading decisions. Money management represents the amount of money you are going to invest on one trade and the risk your going to accept for trade. 95% of traders will lose because of their Poor Money Management.

Forex Trading, Where Do Customers Go...?

Forex Trading, Where Do Customers Go...? Forex trading uses currency and stock markets from a variety of countries to create a trading market where millions and millions are traded and exchanged daily. This market is similar to the stock market, as people buy and sell, but the market and the over all results are much much larger. Those involved in the forex trading markets include the Deutsche bank, UBS, Citigroup, and others such as HSBC, Braclays, Merrill Lynch, JP Morgan Chase, and still others such as Goldman Sachs, ABN Amro, Morgan Stanley, and so on. To get involved in the forex trading markets, contacting any of these large broker assistance firms is going to be in your best interest. Sure, anyone can get involved in the forex market, but it does take time to learn about what is hot, what is not, and just where you should place your money at this time. International banks are the markets biggest users on the forex markets, as they have millions of dollars to invest daily, to earn interest and this is just one method of how banks make money on the money you save in their bank. Think about the bank that you deal with all the time. Do you know if you can go there, and obtain money from \'another\' country if you are heading out on vacation? If not, that bank is most likely not involved in forex trading. If you have to know if your bank is involved in forex trading, you can ask any manager or you can look at the financial information sheets that banks are to report to the public on a quarterly baiss. If you are new to the forex market, it is important to realize there is no one person or one bank that controls all the trades that occur in the forex markets. Various currencies are traded, and will originate from anywhere in the world. The currencies that are most often traded in the forex markets include those of the US dollar, the Eurozone euro, the Japanese yen, the British pound sterling and the Swiss franc as well as the Australian dollar. These are just a few of the currencies that are traded on the forex markets, with many other counties currencies to be included as well. The main trading centers for the forex trading markets are located in Tokyo, New York and in London but with other smaller trading centers located thought out the world as well

Forex Market Review

What's Forex ?

Forex is the marketplace where people sell or buy different currencies with one aim that is to make Profit.

Do you know ?

Today Forex Market is the largest trading market in the whole world with over 1.8 million amount of currency daily traded.

Lets take a simple example to help you understand how currency trading help you generate profit -

A person buys $100 US Dollars for Indian Rs.4400 @ Rs. 44 per dollar & the second day the rate of Dollar changes to Rs.45 per US dollar & therefore he's able to make Rs.100 or US $2.22 by selling US $100 after the price change.

Fab Forex can help you a lot if you want to understand the secrets of forex trading. The simple articles at Fab Forex can really help you make money from this business.

Everyday there are changes in the rates of currencies in comparison with our native currency. Therefore this market is very delicate or random & anything can happen at any time. As from the above example you saw how even a small change can earn you big.

If you want to go into this business then one most important thing which you have to be aware is the market updates. If you are able to understand & can keep track of the latest fluctuations of the market then you will be able to generate a good amount of income through this business.

Today this trading has totally gone online , one just has to sit in front of computer with Internet connection & should have access to his bank account online. And the person is set to go. You can exchange at low rates, can simply trade the money with a single click & get profits. It has made the trading fast & easy.

In the end I would like to say that a risk factor is always there in this business but if you have knowledge of what's going on in the market then your success is for sure !!

Forex Brers

Choosing the right Forex broker can mean the difference between earning money and losing money. It is that simple. When picking an online Forex broker, there are 5 "must have" qualities to look for -- a quality financial institution, low spreads, tools and research, leverage options, and a variety of account types. There are so many trading Forex brokers, there's no use in picking a broker at random. You must determine what kind of online Forex broker you're looking to do business with, do some research, and match your interests with theirs.

Choosing the Right Forex Broker

Choosing the right Forex broker can be a daunting task which is why we've assembled this list of considerations to assist you.

Quality Institution - Unlike equity brokers, forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required (leverage they need to provide). Also, forex brokers should be registered with the Futures Commision Merchant (or FCM) and regulated by the Commodity Futures Trading Commission (or CFTC). You can find this and other financial information and statistics about a forex brokerage on its website or on the website of its parent company.

Low Spreads - The spread, calculated in units known as "pips", is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. Forex brokers don't charge a commission, so this difference is how they make money. In comparing brokers, you will find that the difference in spreads in forex is as great as the difference in commissions in the stock arena. Remember, lower spreads save you money in the long term.

Extensive Tools and Research - Forex brokers offer a wide variety of different trading platforms for their clients - just like stock brokers or brokers in other financial markets. These trading platforms often feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems****. Before committing to any broker, be sure to request free trials from your online Forex broker to test different trading platforms. Brokers usually also provide technical and financial commentaries, economic calendars, and other research meant to give their customers insight into the world of Forex.

Wide Range of Leverage Options - "Leverage" is kind of like credit between you and your Forex broker. Leverage is the name of the game in Forex because the price deviations (the sources of profit) are merely fractions of a cent. Leverage, expressed as a ratio between total capital available to actual capital, is the amount of money a broker will lend you for trading. For example, a ratio of 100:1 means your broker would lend you $100 for every $1 of actual capital. Many brokerages offer as much as 250:1. Remember, lower leverage means lower risk of a margin call (when your forex broker adds more of your money to an account when it drops to a certain level), but lower leverage can also mean less bang for your buck. The opposite is also true -- working with an online Forex broker willing to give you high leverage increases your chance of a margin call, but also increases your potential profit. If you have a limited supply of cash, make sure your online Forex broker offers high leverage. If capital is not a problem, any broker with a wide variety of leverage options should do. A variety of options lets you vary the amount of risk you are willing to take. For example, less leverage (and therefore less risk) may be preferable for highly volatile or unusual currency pairings.

Account Types - Many trading Forex brokers offer at least two different types of investment accounts. The smallest account is known as a "mini account", and requires you to trade with a minimum of around $250. This account is usually offered with a high amount of leverage, which you will certainly need in order to make money with so small an initial investment. The standard account lets you trade at a variety of different leverages, but it requires a minimum initial capital of $2,000. Finally, there are the so called "premium accounts", which often require significant amounts of capital at your first investment. These premium accounts let you use different amounts of leverage and often offer additional tools and services that smaller accounts don't have access to. Make sure the online Forex broker you choose has the right leverage, tools, and services you need as it relates to your initial investment.
Watch out for certain sneaky or even unethical practices that some Forex brokers use. Not everyone in this business is honest. Specifically, be mindful of a broker's margin rules and any rumors of "sniping".

Strict Margin Rules - When you are trading with borrowed money, or leverage, your trading Forex broker has a say in how much risk your account should take. Remember that your broker can buy or sell when it deems it necessary -- this can be a bad thing for you. Let's say you have a margin account, and your investment takes a nose dive before rebounding to a new high. Working with a Forex broker who follows strict margin rules, even if you have enough cash to cover the crash this broker will likely liquidate your investment when it hits that low number. This action on their part can cost you plenty of money. Talk to potential trading Forex brokers in person or visit online discussion forums to find out who the honest brokers are. You have to do the footwork, there's no other way around it.

Sniping -- also known as "hunting", this refers to the practice of prematurely buying or selling near preset value points. This is an underhanded behavior committed by some less than reputable brokers to increase their own profits. As a rule, no broker admits to committing acts of hunting, but rumors about certain brokers who have been "sniping" or hunting is common in online discussions and among Forex traders. The only way you can determine which brokers hunt and which brokers don't is to talk to your fellow traders. Thankfully, the Internet has made communicating with Forex traders around the world as easy as logging onto a Forex discussion board. There is no blacklist or organization that reports sniping activity, so you'll have to talk to other traders in person or visit online discussion forums to find out who the honest brokers are.

World Business Intro

The international aspects in each and every area including the courses, student body, and faculty make this program truly unique. But what further differentiate us from other MBA programs are the special Asian featured courses that we provide under the concentration, Management in Asia. Aside from developing a global view in world business trend, it is just as essential to gain an Asian perspective of business. Our program is the perfect conduit for learning all about this growing region.
Practical Business Project The Practical Business Project Course aims to develop students' empirical and intellectual abilities through project-based interaction with enterprises operating in Asia. The course allows students to gain hands-on business research and facilitation skills. The course assumes that students embark with basic knowledge of many management theories, models, concepts and terms, and will well apply the knowledge to a real-world situation. Confucianism and Leadership For more than 2500 years, Confucianism had a strong impact on the philosophy, culture, society, economy, and politics of not only China but also Japan, Korea and Vietnam. Its core values are also deeply rooted in overseas Chinese communities around the world. With China, and Asia in general, becoming more important and influential in the world, there is renewed interest in understanding Confucianism and its relevance to economic success. Given the shocking awakening to the importance of moral and ethical responsibilities of business leaders in the post-Enron era, Confucianism provides a useful framework to re-examine our understanding of leadership, and reflect on our personal leadership behavior. The course is designed to help participants understand Confucianism and its relevant concepts and principles on leadership to draw from such time-tested ancient wisdom the leadership practices fit for the global organizations in the 21st century. Cross Border Strategic Alliances The course focuses on collaboration among firms across international borders as a means of creating value and achieving strategic objectives and is aimed at providing participants with insights into the concept of cross-border strategic alliances and how to create and manage them. After the course, students are expected to know the important considerations in pursuing and implementing partnerships, be able to think analytically about alliances and apply such on case studies as well as real situations through individual class projects. Emerging Financial Markets This courses discusses the financial systems applicable in emerging markets. Three main goals are stressed: first, understanding the development process of financial markets and its impact on emerging economics; second, studying the third and indirect financing channels in emerging markets; and last, learning about the laws, regulations, and corporate governance in relation to said financial systems. While the course is focused on emerging markets, students will also learn about the markets of developed countries and a comparative study between the two. High-Tech Industry in Taiwan As Taiwan is a world-class hub for high-technology creation, innovation and development, this course imparts to students the many contributions Taiwan research and industry has made to the global economy. It will further discuss the ways and the importance of managing technology in a company. Chinese Business in Global Perspective This is a course on the transformation of Chinese business in the era of globalization. The course is organized around sixteen seminars, covering structural, urban, and industrial transformation of Chinese business and Chinese economy.

Forex Mini Trading Profitability

You cannot be specific about the moment when you will have some gains. It is the trend and market saturation period within which your profit lies. If you think to consider same mechanism and operating forces between stock market and forex market – I would say it is just like comparing between a mouse and a mountain. Look stock market indicators or indices can surely affect the profitability of the forex market, but it is only a single reason among thousands of other factors that affect forex mini trading profitability. Stock trading more often deals with stock optimizing but in forex trading this is not the scenario. The ground or conditions of assumptions even can change in forex mini trading. So it is better to get your trading activities on roll to ensure profitability.I cannot advice you to start your business of trading with little capital. You need to set on what time duration how much you want to make and by how. It is completely stupid keeping money idle rather than keeping it on roll. The more you make transaction of your money the more the chances of increased profitability. In fact, just think of a worst case scenario that you have transacted money for several times but you are not taking your target profit. What is the benefit you get out of this situation? See the market capitalization you are left with. Yes, get your money used as many times as you want - there is no loss for you. All most all the trading floors or markets in the forex trading have certain categorization and guidelines. Learn them properly and exercise your rights and category specific benefits. Listen these rules, regulations and categorizations are to expedite the trading of that floor. These provide the guidelines and protective mechanisms for the forex traders. Since these are set by the regulatory authorities. Not all are expert in this line and does not mean that forex trading door is closed for novice - so the rules, regulations and categorizations are developed. The market in most cases takes too much time to be volatile, relying on the market or trading informers at this situation also helps. Sometimes the situation in fact turns into opposite. So seek a loyal informer or I better term it develop a loyal informer. Forex trading is a complete game of making money out of money. You need to be the hard worker to set the profitability high enough. Return on investment is true consideration, achieving it with quickest turn around and with little involvement – are the mastery of the game. Play it.