For many organizations, it is mandatory to retrain their employees regularly on organizational codes of conduct, and industry regulations and compliances.
But doing this can be time-consuming and costly by using traditional training methods for training.
It can also be quite tedious for employees.
But the availability of tools like Learning Management Systems (LMS), such as Docebo, and authoring tools, such as Articulate 360, for creating corporate and compliance training courses, has made it easier for organizations to overcome these issues.
There are also several LMS that comes with in-built authoring tools that further make this more convenient.
Compliance training is undertaken by organizations for employee training authorized by legislation, regulation, or company policy.
This training educates employees about the laws and regulations for their jobs or industry.
Ensuring everyone in the organization is up to date on the responsibilities isn’t an easy task.
To help make this task easier, LMS provides organizations with various features –
Quick and Easy Course Creation – Most LMSs have instinctive course creation interfaces that make it easy to create and make changes to courses as and when the training requirements change. This is a useful feature in compliance training, which is evolving constantly.
Flexible and Fun Course Presentation – Reading and training about corporate policies are rather dreary for employees. LMSs can help a company deliver training content through a variety of interactive learning activities. If implemented well, the courses can entice and incentivize employees to increase their engagement, making the training experience less tedious for everyone involved. Most LMSs also offer training compatible with mobile devices for participation on the go. The flexibility to train whenever and wherever can positively affect employee information retention and provide long-term outcomes.
Automated Reminders and Notifications – With the assistance of an LMS, organizations can ensure compliance training’s completion by the employees on time with convenient and customizable automated reminders and notifications. This helps employees stay on track and keep making progress through the training courses.
Assessments and Reporting – LMS has assessment and reporting capabilities that can be extensive and includes live tracking of employee engagement and course completion, as well as automatic grading of performance. Depending on the type of LMS used by an organization, some LMSs have advanced analytics to highlight specific trends and statistics from the training courses. These trends and statistics can allow organizations to get useful insights in the future like – learner engagement, course timelines, and completion levels, performance on individual and/or group levels, probable knowledge gaps that require further course strengthening or clarification, gray areas in which the course material can be adapted to serve its training purpose better.
With organizations having access to this level of comprehensive reporting, it can prove to be particularly valuable in compliance training.
Along with these features, LMSs also offer specific features for compliance training which include –
LMS compliance training features
eLearning systems help organizations deliver active learning for employees with poor vision and hearing disabilities. These LMSs offer multimedia courses that consist of graphics, animations, images, and more. As a result, it also encourages the development of robust technologies which can help all employees to meet their organizational goals.
GDPR or General Data Protection Regulation compliance helps secure the personal information of LMS users. It is, more importantly, useful for finance and retail sectors where the privacy of customer data is a substantial concern.
Tin Can compliance LMS is mainly used by automobile and retail sectors to train their extended workforce like dealers and sales reps. This helps organizations create personalized online courses, generate automated reports, and track their performance.
From information technology and finance to retail, healthcare, and various other industries, the need to implement compliance learning management systems is increasing.
Today’s technophile millennials seek information and tech updates at their fingertips, to stay updated with new policies and regulations.
And Learning Management Systems are the way for organizations to provide that for their employees.
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Elon Musk makes Twitter an offer
Elon tweeted this morning that he “made an offer” and shared a link to his filed Schedule 13D.
I’ll be leaving the link to the report down below, but I’d like to break it down for you first.
The name of the reporting person is indeed Elon Musk, so this proposal comes directly from him, not his team.
The SEC report shows the SpaceX CEO currently owns 73,115,038 shares of Twitter stock (TWTR), or a 9.1% stake in the company.
Elon Musk is now proposing to acquire all of Twitter’s outstanding common stock at a $54.20 per share cash deal.
Because it’s only a proposal at the moment, the deal is non-binding for now until conditions and receipts require legal agreements and approvals.
If the proposed transaction is completed, the Common Stock would be terminated and delisted from the New York Stock Exchange as the SpaceX CEO takes the company private.
Elon Musk scripts on the full acquisition of social media company Twitter
Here is Elon’s proposal on the SEC report:
Chairman of the board,
I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.
However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
Twitter has extraordinary potential. I will unlock it.]
Best and final
Elon Musk says his offer to buy Twitter is best and final.
The Tesla CEO states that he will not be playing back-and-forth games.
“If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.”
Now, the CEO makes it very clear that this is not a threat, but simply not a good investment without the changes he seeks to make in the social media company.
He says those changes will not happen without taking Twitter private.
The Twitter management team will have Musk’s advisors available to them after they’ve received the proposal.
There will be more details in their public filings, according to Elon.
Real estate investment, which includes direct rental income, is not a laid-back venture where you hope to put your house up for tenancy and passively collect rent after.
However, direct property rental has its advantages as a long-term investment that promises better returns (ROI) while the income helps to pay down the mortgage.
Benefits include value appreciation as you pay down the mortgage increasing your equity in the property, while the rental income, with the price set above the monthly maintenance expenses, guarantees a positive cash flow.
Here are critical things to consider as you invest in rental property.
Undertake a financial analysis and create a plan
Assessing your financial strength against the proposed investment in property rentals is the first item to consider.
If acquiring the property on a mortgage, consider your ability to pay the lender during unexpected vacancies as lack of foresight could throw your finances into a spin.
Consider access to affordable property financing and set both your short-term and long-term goals with this in mind to avoid disappointments.
Your real estate investment plan should start with goals that define expectations and the time frame within which to achieve them.
Next, consider your investment strategy vis-à-vis the type of investment property you want to pursue and the real estate market dynamics in play against your overall financial plan.
Location is everything in real estate investment
Location is king in any type of real estate investment and determines the extent of your success or the lack of it.
Before venturing into property acquisition, scout around to assess and identify profitable locations according to current market trends.
Some locations may have great properties but with poor neighborhood reputation that turns away potential quality tenants and depressing rental prices.
The key markers for prime locations are infrastructure expansion, job, and population growth that indicate a vibrant market with high demand for housing.
Towns with big corporations generate a healthy economy that attracts people seeking job opportunities and eventually good living quarters.
Look out for locations with heavy commercial activities likely to spur economic growth and the corresponding surge in population that indicate potential demand for housing.
Finding the perfect property
After assessing your financial ability, creating a viable rental property investment plan, and identifying a prime location, it is time to home into the perfect property.
However, first, you need to decide what type of rental you want to invest in before buying to ensure you achieve your goals.
You could be looking for a single-family or multi-family home for the traditional rental, or you could be considering an investment in Airbnb, in which case a beach house or condo would be perfect.
Whatever your preference, carry out an investment property analysis to be sure you got the right unit for your rental property investment plan.
As much as your budget will determine the type of property you want to buy, try to pick one that promises the highest ROI with sustainability potential in the market.
Always go back to your calculations to ensure you achieve a positive cash flow to stay afloat.
Manage your rental property professionally
To succeed as a rental property investor, you need to address three key aspects of responsibility.
You must be adept at managing tenants, the property, and finances to keep your investment running profitably.
Managing tenants starts with good communication, listening to their complaints, addressing the issues raised promptly, and a follow-up to ensure they are happy with your attention.
You are under a legal obligation to keep your property safe and in a habitable condition at all times during tenancy.
Practice regular maintenance on the property and avoid reactive response in emergencies as this inconvenience your tenants.
Finally, set your rent price right to fit in with your financial plans, enforce timely rent collection, and minimize maintenance costs to sustain a positive cash flow on your investment.
Join a real estate network
A first-time property rental investor needs all the support and mentorship to succeed in the real estate business.
Joining a real estate network provides a ready platform for interaction with experienced realtors and an opportunity to learn the ropes firsthand.
Within the network are various professionals that drive the real estate sector and who can assist a beginner in accessing solutions for their first rental venture.
A real estate network usually has mentors, lawyers, accountants, agents, and home inspectors.
All these professionals carry vast experiences in property management that can benefit a budding investor entering the market for the first time, especially in handling tricky issues that involve taxes, inspection, and legal obligations.
Be smart and join a community of similar interests with a better experience to avoid launching your real estate investment blindly.
I’ve found a fortune! And I want to share it with you. These stocks have allowed me to profit and snowball my investments within as little as a year. I understand stock picking can be quite difficult. Sometimes you just need someone to provide you with a list of stocks that has worked for them. Here are my top picks of stocks to invest in right now.
If you’re a producer, singer/songwriter, or musician, earning money through your music can be a dream come true.
The good news is you no longer need to be signed to a label in order to promote or sell your music.
Are you wondering how you can get your music streamed on all major platforms and make money during the process?
More and more independent artists are getting their music on Spotify and Apple Music without being signed to a major or indie record label.
The crazy thing is that some artists are even being found on these platforms and eventually get signed when they raise enough attention.
Getting your music heard is a tough gig.
Putting your music out to platforms people enjoy using shouldn’t.
This is why more and more artists and musicians are skipping the middle-man and getting heard on Spotify and Apple Music.
Your songs have a place in the world.
They should not be collecting dust on YouTube, Reverbnation, SoundCloud, and other free platforms.
This is why people are using DistroKid to get their music on Spotify and Apple, but more on that down below.
Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.
Lets get started!
The benefits of streaming platforms
Streaming platforms are convenient and convenience sells. People don’t want to look for new artists or bands anymore, they want to be catered to music that is similar to what they already love and listen to.
Algorithms take into account what you love listening to and push new ‘relatable’ content that you might also enjoy. This is how independent artists are being discovered.
The algorithm records how long your song is being streamed, whether it’s being replayed or not, and how often it’s being saved.
When your tracks get this positive feedback, your streams begin to snowball. Streaming services do a great job at finding a place or person who will enjoy your music even if it’s not pop.
Streaming playlists are easy to share
Another benefit of streaming platforms is how easy playlists are easy to share. People in today’s world are constantly sharing playlists with others who have the same music tastes.
If your song(s) happen to be saved in a playlist by someone then your chances of being heard increases. Your art cannot be complacent in a platform that’s not innovating. Streaming platforms such as Spotify are the future.
First, you’ll need to upload your music through a music distributor service such as DistroKid, but we’ll get more in depth on that soon.
You won’t want to miss the info on how to get your music to reach the masses.
A music distributer is a company that helps musicians get their music into iTunes, Apple Music,Spotify, Google Play, Instagram, and other major platforms.
When your music is distributed it will have the opportunity to be heard by anyone in the world.
Before we let you know who the best distributor for independent artists is we’re going to walk you through some burning questions most artists might have.
Can you really make money from streams?
Yes. The awesome thing about getting your music on all major platforms is that you get paid every time your music is streamed!
That’s right! So, if you have a good following you’ll be able to monetize your music and make money every time someone streams your songs.
One day you might make a few bucks from Spotify while simultaneously earning royalties from other platforms such as Apple Music and TikTok.
If you’re passionate about reaching a huge audience, then this can be a great way to also establish multiple streams of income for yourself. You can then reinvest the profits to further your music career and provide more value to your following.
This type of income is known as leverage income. This is where you do the work once but get paid multiple times for it.
Tips For Making Money From Your Streams
Grow your social media followers
Pin your album or new song (Twitter, Facebook page, etc.)
Share your music with the communities on social platforms
Submit your music to curators
Record high quality music
Increase your audience as much as possible
Engage with your following and other related pages
Create a street team
Use promotions and paid advertising
Tips for growing your social media followers
Engage with artists and other musicians in your genre. Twitter is a great platform to connect with people who can support you.
A social media hack is to click on related hashtags and begin liking peoples recent posts and even leaving a comment. This strategy is a form of saying hey this is who I am.
When people see someone liked or commented on their post, they usually tend to stalk the other persons feed. If they like what you’re about they will follow you back. If you seem interesting enough then chances are they’ll most likely listen to your music.
Growing your artist social media accounts is going to require you to work on this task every single day. When you begin to see the results it’s going to become almost addicting.
Now, there will be days where it gets tiring and days where you simply skip out on it. This is normal. However, know that if you discipline yourself and get back on track, you will be able to meet your number of followers goal.
Pin your recent track to your profile
Which brings up the second social media hack for artists. Pin your recent song to your profile. This is the first thing visitors will see. And again, if you seem interesting to them then the next thing they’ll do is check out your work.
Facebook and Twitter are two social media platforms that allow you to pin a post for high visibility.
Record high quality music
The quality of your music is really what’s going to keep people listening to your music. Most independent artists might struggle with this part of the process but it’s a reinvestment you’ll eventually have to make.
If you’re a self-recording artist, don’t stop trying to get better every time you release a new piece. Always looks for ways to improve.
If you’re content with your skills, then by all means put out your track. However, if you’re not practicing audio engineering every day, I recommend you record in a professional studio at some point.
Create a street team or promo page
A street team is a strategy that you can use to share your content when it’s released and to promote your posts. You can create a group of loyal supporters who can share, like, and comment anytime you update the street team page with content and instructions to push it out.
You can also create a promo page. This promo page can be a second alternative or addition to your promotional strategy. With a promo page you can share your street teams shares and comments to build momentum.
All this activity allows algorithms in the social media platform to push your content out to reach a bigger audience. This awareness creates hype and elevates your awareness.
Where else can I promote my music?
Millennial Music Agency is a platform that listens to your music via submissions and reviews it on their website. You can use the review as a means to sponsor and market your new single or album.
By providing artists with a platform to be seen and heard, we manifest credibility which artists can use to further their music career.
Millennial music agency (los angeles, ca)
When your music is finally being pushed out on Spotify and Apple Music, be sure to share your work as much as possible with as many groups and curators as you can.
Most curators won’t take your MP3 file or other links to free platforms. They want to share quality work and be collaborate with strong brand recognition.
This is why more independent artists are being discovered on platforms such as Spotify more than anywhere else. It’s easy to get playlisted, shared, and listened to.
Share your latest single on:
Twitter artist music threads
Instagram stories (more below)
Tik-Tok stories (more below)
Facebook groups are the perfect place for musicians and artists to share creative ideas and get a chance to get their music heard. This platform has a variety of groups for just about everyone!
Instagram and TikTok stories
The music distributer we’re about to talk about shortly is able to put your songs on Instagram stories and TikTok videos.
These trending social media platforms are a great place for you to share your new track with your following and increase awareness. The cool thing is that people can click on the song whether it’s on Instagram or TikTok, and play it on Spotify or Apple Music.
Email newsletters are a great way for you to share your new song or album with your fans and support group. Sometimes social media doesn’t allow your posts to reach everyone who follows you.
This is where creating an email newsletter for your fans to sign up can become handy. You can use this email newsletter to directly connect your fans with a new release in case they missed a post online.
You can also use email as a means of hyping a new song or album prior to its release. This strategy is known as email marketing. The way this works is you can email your fans promotional content such as images, artworks, and teasers of an upcoming song or album.
This creates anticipation and further help you promote your music. These marketing campaigns are what allow artists to have a big release date. This happens when they prepared their fans for the release months prior.
These strategies create a ‘portal’ to your music and makes it easy to enter peoples world.
When your work is being distributed across all major platforms, royalties begin to come in every time someone hits the play button.
The more streams you get means the more money you will earn. But first you need is to get your work distributed. Here’s how you do it.
#2. How Do I Get My Music On Spotify, Apple Music, And All Major Platforms?
Finally, what you’ve all been waiting for.
To get your music on all major platforms you’ll need to find a reputable distributor that can upload your music onto the biggest streaming platforms.
DistroKid is the best service for musicians looking to get their music into online stores and major streaming outlets.
They are the easiest way for musicians to get music into Spotify, iTunes, Amazon, Tidal, TikTok, YouTube, and more.
The reason why independent artists and musicians like yourself are using DistroKid is because:
DistroKid is affordable
You can upload unlimited music and albums
The layout is super easy to use
They were the first distributers to put your music on Tik-Tok and Instagram
DistroKid monetizes all of your YouTube videos!
You get paid monthly
Instant Spotify Artist Verification
How much does it cost to distribute my music with DistroKid?
DistroKid only costs $19.99 per year to upload unlimited music on Spotify, iTunes, Apple Music, Deezer, iHeartRadio, Tidal, and more!
They are offering our readers7% off when you sign up using the linkhere.
Who are DistroKid’s competitors and how do they compare?
Competitors include TuneCore which charges $9.99 per song and $29.99 per album. There’s also CD Baby, which charges $9.95 per song and $29.00 per album.
If you have a catalog of music this can become pretty expensive even if you’re only uploading a few songs. The best value is being able to upload unlimited tracks year round whenever you want.
In the end, DistroKid has the best bang for your buck.
This is why artists like you love DistroKid
DistroKid makes it easy to upload music
DistroKid makes it super easy to upload your song(s) to all major platforms. You also have an option to set your release date, allow people to preorder, and even set your own record label name.
You may upload several songs at the same time to release an album or one at a time for singles. DistroKid will send you an email once your songs are available in each store so you can share the links on your social media platforms.
Will my songs be available to stream at the same time?
Your songs won’t be published at the same time on all platforms but this is great because you can share your tracks whenever they’re available on Tidal and Amazon before it’s out on Spotify and the rest.
This allows you to let your audience know your song is available to them no matter what their streaming preference is.
DistroKid allows you to upload your own album cover
DistroKid’s layout is very easy to navigate and only takes minutes to fill out your projects information. The simple platform is favored by artists looking to quickly upload their work without any hassle.
You also get the option to choose the language,primary genre, and secondary genre along with other options to further describe your track(s).
DistroKid’s track price also allows you to set a fixed price on your individual tracks for iTunes, Google Play, & Amazon.
How to Earn Money with DistroKid
DistroKid provides you with stats for just about everything. This includes a breakdown of how you get paid as well as your daily streams!
DistroKid is a great means to earn money from your music due to their easy distributing services. The goal is to reach many listeners in order to increase your earnings.
Each store and streaming service delivers reports and payments on their own schedule. Your money will be sent between 1-14 days of a withdrawal request from DistroKid’s bank tab. You can easily transfer your earnings into your PayPal account without any hassle.
What Are Other Awesome Benefits From Distributing With DistroKid?
If you’re wondering whether you’ll get verified in any way the great news is you do.
Access to Spotify for Artists + instant Spotify verification
DistroKid allows you to gain access to Spotify For Artists which allows you to professionally personalize your Spotify artist page. When you distribute with DistroKid you will also be instantly verified with a blue checkmark on Spotify.
This access allows you to pitch your music to Spotify’s curators for a chance to be featured on official Spotify playlists. The awesome thing about becoming a verified artist on Spotify is the credibility you gain. It sets you apart from other artist and shows you’re serious about your craft.
Spotify for Artists give you insight on where your listeners are coming from and what their age group is. This can help you determine who your content is primarily based around.
You can also view how many people are listening to your music in real-time!
That’s pretty sweet, anything else?
DistroKid has also just recently allowed artists to access their Apple Music artist page, a feature you couldn’t access before. Some cool features include editing your bio, setting up a profile picture, and managing tour dates.
Not only that but…
DistroKid provides instant monetization on YouTube
In order to monetize videos on YouTube you must reach a total of 1,000 subscribers and have 4,000 hours of watch time on your channel.
However, DistroKid allows you to earn money from your music by making all uploads a ‘topic‘ on YouTube and automatically monetizes every song you upload.
This is extremely convenient because you are instantly monetized and are ready to receive earnings from YouTube ads right away! This is just one of the many perks you have when you distribute your work with DistroKid.
How much does it cost to distribute my music with DistroKid?
It costs $19.99 per year to distribute unlimited music through DistroKid. However, our readers get a 7% off by using the promotion linkhere.
The reason we love DistroKid is because it has helped our readers who are musicians and artists earn passive income. We are a personal finance and entrepreneurship blog after all. So, we’re big fans.
If you’re a recording artist, leave your links below!
If you’re a recording artist, leave your links on the comment section below. These links will stay up forever and won’t disappear. FREE PROMO.
FAQs and other questions
Can I choose which platforms to distribute my music?
Yes! You have an option to click or ‘unclick’ certain websites you might only want your music to stream in.
How much music can I upload with DistroKid?
You can upload unlimited amount of songs and albums with DistroKid.
How long does it take for my music to show up on Spotify?
After you submit your music for distribution it can take anywhere from 2-5 days before your music is live on Spotify.
Most platforms take about 2-3 days to show your music online but you can expect it to take about a full week for majority of streaming platforms to have your music ready for listeners.
How long does it take to become a Spotify Artist?
DistroKid will make you a Spotify Artist as soon as you join. You will be able to create your Spotify for Artist profile and edit your artist profile picture and bio.
You will also be able to upload photos for your fans to see and change your banner to promote new music.
Does my YouTube content become a topic?
Yes. When you upload a song or album, it will automatically become a ‘topic’ on YouTube and begin displaying ads immediately.
This means you will begin to earn money from not only playbacks but actual advertisement.
Can I submit to Spotify curators?
Yes. When you upload a song to DistroKid, you’ll be able to pitch your tracks to Spotify curators.
If approved, your songs can get playlisted on massive playlists which can draw serious traffic to your artist page.
Being playlisted on a curated playlist from Spotify can provide you with some serious passive income.
Which music streaming platform pays the most?
Here’s a list of music streaming payout via. atlasvpn.
Napster has the highest payout out Apple Music, Deezer, Amazon, Spotify, Pandora, and YouTube.
This doesn’t mean all your music should be shared directly from Napster though. Find which platform your audience uses the most and share those links.
You can also use Linktr.ee to link your favorite platforms all under one link. This will allow your listeners to choose their favorite streaming site and listen to your songs comfortably.
If you have any further questions regarding distributing your songs online be sure to leave a comment below. Otherwise, feel free to get in touch and email me personally! Contact info on the footer of the page.
How can I get my music on Spotify?
You’ll need to distribute your music with a music distributor like DistroKid to get your music on Spotify and other streaming platforms such as Apple Music, Deezer, iHeartRadio, Amazon, Tik-Tok, Instagram, and many more.
My mission is to help my readers become financially successful every day so be sure to check out my posts on how you can earn more money to reach a freedom like no other.
“Some of my readers know when I’m not working on my business ventures I enjoy writing music. I particularly compose indie rock music. You can check it out here.”
Leveraged income is probably one of the best incomes you can have.
You essential create something once and get paid for it multiple times!
Guys, this is how you can end up generating what Dan Lok calls F.U. money.
This type of passive income is what’s going to set you free.
Here are 5 ways you can earn leveraged income.
Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.
Lets get started!
There are 3 Types of Income
But before I get into them, let’s quickly discuss the different types of income.
There are three main types of income, all of which require different resources in order to move them.
Linear Income – The first is linear income, which is the type of income most people have. It’s where the resource you trade for money is your time. This is your typical 9-5 job, freelance, etc.
Passive Income – Passive income is money generated through investments. This can be income from a high interest CD or savings account. It can also be in the form of dividends paid out from shares of stocks. Passive income may also be generated from rental income if you own property. The resource required for this type of income is capital.
Leveraged Income – And finally, there’s leveraged income. Enough leveraged income and you no longer have to rely on linear income to pay your bills. Leveraged income is earned by creating something once and getting paid continuously for it. You’ll need an audience in order to make the most out of this type of income.
If your goal is to become wealthy, you need to get rid of your linear income.
This income is holding you back more than you know.
Why work 8 hours for someone else when you can use 8 hours of your day to work on growing your own business.
How can I escape my 9-5 job?
Escaping your 9-5 is going to require a lot of work on your part but it is certainly possible.
You’ll need to pick up a side hustle while you’re employed.
You can also choose to start your own business or follow an art project.
Once you’ve chosen what you’d like to pursue, work on this idea every day after work.
When I learned that Elon Musk and Steve Jobs all had the same hours in a day as I do, I really started using my time wisely.
Figure out how to earn money outside of your job so you’re not 100% dependent on your linear income.
Start setting yourself up for passive income
One way I started was by setting myself up for passive income.
I then downloaded the app Mint by Intuit to track my net worth. It gradually went from $6K to $10K and so on.
It has since reached +$100k.
I began putting money in stocks and in a high yield savings account where my money would do something.
Rather than have it collect dust I figured I’d put it to use.
When I saw returns I let go of fear that was holding me stuck to the 9-5.
Big Pharma is one of the most powerful industries in the world and Mark Cuban’s online pharmacy just posed a major threat to the industry.
Top 5 Big Pharma companies by sales
Here’s a list of the top 5 Big Pharma companies by sales in the billions.
On the right side of the chart, you’re going to see the most popular prescriptions of these companies.
While Mark Cuban’s pharmacy website contains a variety of medicine (more on that below), they plan on adding new medications as the demand for certain medicines are requested.
This means Mark Cuban can provide Big Pharma’s most popular medicines at much more affordable costs.
See the online pharmacy’s price comparisons below!
And the list goes on and on.
Mark Cuban’s online pharmacy Cost Plus is going to make an incredibly positive impact as the business begins to scale.
It may not be so disruptive now during its inception, but it certainly has the capabilities to pose serious threat to big pharmaceutical companies in the long-term.
How are Cost Plus Drug Company’s prices so cheap?
Cost Plus is able to keep medicine prices low by providing the customer with wholesale prices instead of marking up costs like industry leaders do.
The company eliminates the middleman and aggressive markups to make popular generic medicine affordable for everyone.
Big Pharma companies get their medicine from wholesalers and then mark up the price for the retail market.
Often times the markup is so greedy that people find it difficult to keep up with the high costs of medicine.
Mark Cuban is doing what India has done to provide people with affordable medicine at scale and it’s incredible to see it happening in the states where a lot of capitalism tends to be corrupted by greed.
Where Big Pharma companies might have 100%+ markups and other fees, Cost Plus has a 15% markup rate and $3 pharmacy labor charge plus shipping.
Can Cost Plus Drug Company really compete with Big Pharma companies?
There’s no way Big Pharma will be able to keep up with this philanthropic venture.
Mark Cuban’s online business might be a little too new to make a dent in the industry at the moment, but it certainly has the structure to create massive change.
And while mainstream media isn’t pushing this information out, you can play a big part of that positive change by raising awareness.
Give this article a social share to show support for a much greater and brighter future.
Have more questions?
Check out the FAQs section at the very bottom of Mark Cuban’s pharmacy website for more information.
The company website goes over insurance questions, how the process works, and much more.
Cost Plus Drug Company is currently a private company therefore does not have a stock symbol yet.
However, stock enthusiasts are already looking forward to Mark Cuban’s pharmacy company IPO.
How do you feel about this news overall?
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An online business will provide you with the freedom to work from home or anywhere else in the world.
If you value the freedom to travel then know that this is what an online business can provide for you.
Travel While You Work
Also known as the laptop lifestyle, traveling while you work requires discipline.
However, the lifestyle provides a freedom working in a desk will never provide.
Notice I said travel while you work not work while you travel.
That’s because life changes when you get your freedom back.
You’re technically working all the time while enjoying your surrounding freedom.
The first taste I got from the laptop lifestyle is when I went on vacation to Rocky Point while working a sales commission job.
And even though I was on vacation, I still had obligations for my clients.
We were in this beautiful luxury apartment with a stunning view of the resort and ocean.
That day we arrived I had emails to answer and clients to call back.
Keep in mind at that time I was managing my clients from an office.
That’s when I first discovered this freedom.
Here’s a picture of my son Frankie chillin as we unpacked food in the apartment.
I knew that if I wanted a life like this, I would need my online businesses to out-earn my salary.
That’s not how it happened though, I took the leap and eventually went all in.
More on that later!
Scalability Skyrockets Your Income
So not only do you get your time back but you have the advantage of earning a ton of money with an online business.
The reason being is that most online businesses can be scaled MASSIVELY.
Online businesses can all be scaled very differently.
Some are easier and quicker than others while a few businesses do take more time.
Now, just because some online businesses are easier and quicker to scale, it doesn’t mean they don’t require a lot of hard work and attention to detail.
An online business is still a very real business.
Your new business will require you to put your real life skills to work in order to manifest your career goals and that dream life.
Online businesses are the reason why you see and hear about a lot of younger people earning 6-figures per year just from their laptop.
I’ll get more in depth on how you can scale your online business a little later.
Here’s how you start.
How Do You Start an Online Business?
How do you start an online business, right? Where can you start an online business?
These questions usually leave beginners a little mind boggled.
How exactly do you turn nothing into something?
The answer is actually quite simple.
You’ll need a website or online platform to use depending on your niche and type of business you’d like to create.
Your website will be your foundation to your entire online business model.
It doesn’t matter what type of online business you create, but you’ll need either a website or platform to begin.
I would personally avoid a free website like WIX only because it will not provide you with the tools necessary to scale.
The purpose of an online business is to scale it enough to provide you with the financial freedom you deserve.
So, for starters, I recommend building your own site using Bluehost.
It’s very easy to use but if you don’t want to spend the time personalizing your own site you can always pay a few hundred to thousand dollars to a professional who will use the same platform.
What type of online business models require either a website or platform to begin?
If you are interested in the following, you will need a website:
Providing online services and consultation
If you prefer the following, you’ll need a platform:
Selling a product
Visually informing or training
It may not seem like a ton of options but believe me there are many niches within each of these categories.
How does an online business work?
An online business provides value online, and you get compensated online.
Your online business will earn money depending on what type of service you provide.
You will get paid depending on how your online business is monetized.
I’m going to go over this more in detail down below.
What Online Business should I start?
The online business you start is going to depend on these 5 major key points.
Would you rather provide a service, provide information, or sell a product?
Are you looking for a more hands-on experience or more virtual experience?
Do you want to earn money per project or passively?
Will your startup require a lot of capital, or very little to no capital?
How important is mass scalability to you?
By answering these 5 questions, you’ll have a grasp on what type of online business you’d like to create.
Below you will find a number of online business ideas that will help you identify which model aligns with your needs.
Online Business ideas for beginners
I’m going to break down all the things you can do with these online business models.
Your personality and intuition will naturally gravitate towards a specific idea.
This is a writer lovers paradise.
Blogging allows you to share your experience, knowledge, and stories at massive scale.
What makes blogging an attractive online business model is that just about anyone can provide value to an audience based on a particular niche or subject.
Entrepreneurs are blogging about really just everything!
Here are some blogging topic ideas:
Write about your experience in ‘X Industry’. Maybe you love the industry you work in or are an expert in it. Write about it and answer questions people might have on a variety of subjects pertaining to your industry.
As long as there’s a real interest in it, you can blog about pretty much anything. People are earning money blogging about travel, teacher life, mom or dad life, pet life, college life, automotive, tech, and so much more!
How Do Bloggers Earn Money?
Bloggers earn money through a number of ways.
One is through display advertisements, like the ones you see on my website. T
he second way bloggers earn money is through affiliate programs.
Bloggers can earn a commission for making a sale of certain products or services.
Bloggers may even sell their own products or services online.
How Much Money Do Bloggers Make?
Bloggers can earn 3 to 6-figures per month depending on how you monetize your website.
My website currently earns 5-figures per month.
Scaling your audience is key to scaling your online business.
If starting a blog interests you be sure to read the beginners guide below.
It will walk you step by step on how to start using a self-building website platform called Bluehost.
The process is very easy and only takes minutes to set up.