A Brief History of Unctad Essay

The United Nations Conference on Trade and Development (UNCTAD) was built up in 1964 as a changeless intergovernmental body. It is the chief organ of the United Nations General Assembly managing exchange, venture, and improvement issues. The organization’s objectives are to â€Å"maximize the exchange, speculation and improvement chances of creating nations and help them in their endeavors to into the world economy on an evenhanded basis.† (from legitimate site). The production of the gathering depended on worries of creating nations over the universal market, global partnerships, and incredible difference between created countries and creating countries. During the 1970s and 1980s, UNCTAD was firmly connected with the possibility of a New International Economic Order (NIEO). The United Nations Conference on Trade and Development was built up in 1964 so as to give a gathering where the creating nations could examine the issues identifying with their financial turn of events. UNCTAD developed from the view that current establishments like GATT (presently supplanted by the World Trade Organization, WTO), the International Monetary Fund (IMF), and World Bank were not appropriately sorted out to deal with the specific issues of creating nations. The essential goal of the UNCTAD is to detail approaches identifying with all parts of advancement including exchange, help, transport, fund and innovation. The Conference commonly meets once in four years. The primary meeting occurred in Geneva in 1964, second in New Delhi in 1968, the third in Santiago in 1972, fourth in Nairobi in 1976, the fifth in Manila in 1979, the 6th in Belgrade in 1983, the seventh in Geneva in 1987, the eighth in Cartagena in 1992 and the ninth at Johannesburg (South Africa)in 1996. The Conference has its lasting secretariat in Geneva. One of the chief accomplishments of UNCTAD has been to imagine and execute the Generalized System of Preferences (GSP). It was contended in UNCTAD, that so as to advance fares of made products from creating nations, it is important to offer exceptional tax concessions to such fares. Tolerating this contention, the created nations defined the GSP Scheme under which manufacturers’ fares and some horticultural merchandise from the creating nations enter obligation free or at diminished rates in the created nations. Since imports of such things from other created nations are dependent upon the ordinary paces of obligations, imports of similar things from creating nations would appreciate an upper hand. As of now, UNCTAD has 194 part States and is headquartered in Geneva, Switzerland. UNCTAD has 400 staff individuals and a semiannual (2010â€2011) standard financial plan of $138 million in center spending uses and $72 million in extra-budgetary specialized help reserves. It is likewise an individual from the United Nations Development Group.] There is a rundown of non-administrative associations taking an interest in the exercises of UNCTAD A Brief History of UNCTAD Page Image CaptionPage ContentFoundation * In the mid 1960s, developing worries about the spot of creating nations in global exchange drove a significant number of these nations to require the assembling of an undeniable gathering explicitly dedicated to handling these issues and distinguishing suitable worldwide activities. * The principal United Nations Conference on Trade and Development (UNCTAD) was held in Geneva in 1964. Given the size of the issues in question and the need to address them, the gathering was organized to meet like clockwork, with intergovernmental bodies meeting among meetings and a lasting secretariat giving the fundamental meaningful and strategic help. * Simultaneously, the creating nations built up the Group of 77 to voice their interests. (Today, the G77 has 131 individuals.) * The conspicuous Argentinian market analyst Raã ºl Prebisch, who had headed the United Nations Economic Commission for Latin America and the Caribbean, turned into the organization’s first Secretary-General. Stage 1: The 1960s and 1970s * In its initial many years of activity, UNCTAD increased definitive standing: * as an intergovernmental gathering for North-South discourse and dealings on issues important to creating nations, remembering banters for the â€Å"New International Economic Order†. * for its logical research and strategy counsel on improvement issues. * Agreements propelled by UNCTAD during this time incorporate * | * * the Generalized System of Preferences (1968), whereby created economies award improved market access to trades from creating nations. * various International Commodities Agreements, which planned for settling the costs of fare items essential for creating nations. * the Convention on a Code of Conduct for Liner Conferences, which fortified the capacity of creating nations to keep up national shipper armadas. * the appropriation of a Set of Multilaterally Agreed Equitable Principles and Rules for the Control of Restrictive Business Practices. This work later developed into what is today known as â€Å"Trade and Competition Policies†.

Child Abuse and Neglect Essay -- Violence Against Children

Kid misuse comprises of any demonstration or inability to act that imperils a child’s physical or enthusiastic wellbeing and advancement. An individual thinking about a kid is damaging on the off chance that the person in question neglects to support the youngster, truly harms the kid, or relates explicitly to the kid (Robins). Kid misuse is separated into four significant classifications: physical maltreatment, sexual maltreatment, psychological mistreatment, and disregard. Beside the maltreatment itself, the expense of the heartbreaking occasions costs the United States billions of dollars every year. Consistently, around 4 kids in the United States kick the bucket coming about because of youngster misuse and the greater part are under 5-years of age (Fromm). There are numerous associations that advance deterrent measures in decreasing kid misuse. In the case of nothing is done, youngster misuse will keep on ascending with numerous outcomes later on.      Child misuse falls into four primary characterizations: physical maltreatment, sexual maltreatment, psychological mistreatment, and disregard. Physical maltreatment is characterized as any non-coincidental physical injury to a youngster (Robins). This can come about because of beating, whipping, rowing, punching, pushing, shaking, igniting with cigarettes, singing with high temp water, or other hot items. Tragically, sexual maltreatment is rising today. This is any sexual demonstration between a grown-up and a youngster, which incorporates: stroking, contacting, or kissing private parts, intercourse, inbreeding, assault, entrance, or oral sex, presenting kid to grown-up sexuality, and kid erotic entertainment (Robins). Psychological mistreatment is the most well-known maltreatment because of how effectively it very well may be covered up. Psychological mistreatment is any disposition, conduct, or inability to follow up on the piece of the parental figure that meddles w ith a child’s emotional well-being or social turn of events (Robins). Numerous guardians who constantly shout or shout at their kid in a method of compromising or giving no indications of friendship go to this so it won't be gotten on as snappy as physical maltreatment. Tragically, this sort can be the most unsafe in light of the fact that it can cause genuine enthusiastic and mental issues later on throughout everyday life. In conclusion, disregard is a type of misuse and is characterized as the inability to furnish a kid with fundamental needs (Robins). This is seen when guardians neglect to furnish youngsters with food, haven and garments. Likewise, parental figures who leave youngsters unattended, neglect to give training, and neglect to give kids mental requirements are a wide range of psychological mistreatment.      It is assessed that kid misuse co... ...ss to hotlines, family assets, self improvement gatherings, distributions on misuse counteraction, a volunteer chances (Mulryan 54). National Clearinghouse on Child Abuse and Neglect Information gives data on anticipation, distinguishing proof, and treatment of youngster misuse and disregard (54). There are numerous different associations that help youngsters and families forestall and help adapt to kid misuse. With these particular associations there is trust that youngster misuse will diminish and more data will be conveyed to the general public.  â â â â Works Cited Adams, Caren, and Jennifer Fay. Helping Your Child Recover from Sexual Abuse. Seattle: Washington UP, 1992. Crosson-Tower, Cynthia. At the point when Children are Abused. Boston: Pearson, 2012. Fromm, Suzette. â€Å"Total Estimated Cost of Child Abuse and Neglect in the United States.† Statistical Evidence. Web. 14 Feb. 2015. Mulryan, Kathleen., et al. â€Å"How to Recognize and Respond to Child Abuse.† Nursing 2014. Web. 13 Feb. 2015. Ramamoorthy, Saraswathy., et al. â€Å"Talking to a Child Who Has Been Abused.† Purdue University. Web. 12 Feb. 2015. Robins, P. â€Å"Recognizing Signs of Child Abuse.† KidsHealth. Web. 13 Feb. 2015.  â â â â

CP18 Matthew Woodward Talks about SEO Building a Passive Income

CP18 Matthew Woodward Talks about SEO Building a Passive Income INTRODUCTION STORY OF MATTHEWWOODWARD.CO.UKMartin: Hi folks. Today we are talking about starting an online business and maybe you can become a blog entrepreneur yourself. Today we have on board Matthew, who build up a very decent online business himself. Hi Matthew, who are you and what do you do?Matthew: Hi guys, my name is Matthew Woodward, I am from the UK originally and I have been playing with things online since the age of around 13, and I am about to be 30. So, I have been doing this for quite a long time now. Before I even knew that you could use the internet to make money, I was writing articles and producing content on a volunteer basis. And over the past 15 years or so, I found myself in various positions in the digital marketing world.I had a very successful corporate career, running campaigns for some big global brands. And then around 6 or 7 years ago now I took the jump and went full time for myself building a range of affiliate sites and the blog that most people kno w me for, matthewwoodward.co.uk, which is my award winning digital marketing blog, that basically just shares my experience and knowledge with everyone free of charge.Martin: How did it all start with starting your own blog, and at what point in time did you think: Ooh, this is a worthwhile endeavor?Matthew: That is a great question because the blog was originally started as an experiment because I am really, what excites me is black hat SEO which is, it is a bit of a controversial topic at times. But really, that’s what excites me. And back then, we are going back 4 or 5 years ago, when Mark Cooks was in charge of the Google web spam team, he was always saying: Create high quality content, forget about SEO, forget about bad links and so on. So with that in mind that is kind of what I did. I decided: Well, if I was just to record the kinds of things I do every day as part of my affiliate marketing, that might be interesting and helpful to people, I am just going to record what I a m already doing and publish it and see what happens.It turned out people loved that and the feedback was absolutely awesome, so I just focused on creating content. That’s what I was doing everyday but also solved people’s problems that we see coming up on forums like warrior forum and black hat world and so on.Martin: What kept you motivated in pursuing this, because I imagine for the first 3 or 6 or maybe even 9 months you would have no real or big traffic but you are still spending time in writing and marketing your content. What kept you motivated?Matthew: Well, actually if you jump on the blog there is a page in the head of the income reports and you can actually see every month from day 1 how much traffic and how much money I had. So I don’t really want to focus on the amount of traffic and the amount of money too much, although I am going to tell you what those initial numbers were because one of the big mistakes many people make is focusing on how much money they have m ade or how much traffic they have got, which can actually be very demoralizing when there is no traffic and there is no money for a few months. Instead you guys should be focusing on how to get your first 100 subscribers before you even think about money.But for me,   I was very lucky, and also I had the fact that I have 15 years experience doing this. So month 1 was around 2000 visitors, I made about $600. Month 2 was around 4500 visitors but about $4000 profitMartin: Not bad.Matthew: And month 3 I actually jumped $7000 with 6000 visitors.So you can see on the blog in my income reports how all of that was done, but I don’t want people to really focus on those numbers too much because it can be very demoralizing. For me, if you just focus on first of all getting your first hundred subscribers and then just the feedback that you get, the quality of feedback , the people that email you and say: Thank you for helping, I had this problem you solved it, or I had a blog that was doing n o visitors and now it’s doing 100 visitors. Just those small micro bits of feedback is really what drove me to carry on working on the blog for so many years.ADVICE FOR YOUNG BLOGGERS FROM MATTHEW WOODWARDMartin: Matthew, imagine, somebody reads your blog and then he says: Oh, I want to start my own blog. What type of advice can you give him on how to find really a topic which he can blog on which is maybe even profitable over some months or years?Matthew: Okay, that’s quite a tough question because everybody is different.So take on board the advice I said, don’t really worry about the money, kind of forget about the money, forget anything about how am I going to make money from this. You really want to strip it back to play to your strengths or to your weaknesses and those are different for everyone, so it’s very hard to give specific advice here.But I have a small exercise that I get people to do and essentially what you want to do is to create 5 different lists, and you w ant to put around 5 to 10 different items on each of these lists.The first list you want to create is a list of things that you are good at. That’s going to be different for everyone.Then you want to create a list of things that you are bad at. And if you are anything like me, the list of things I am bad at is far longer than the list of things I am good at.Then you want to make a list of what you enjoy most. Some people enjoy video games, some people enjoy football, things like that, don’t be afraid what you might think is stupid during this exercise.The fourth list you want to do is what do you want to learn about, so things that have interested you. For me personally, I always wanted to learn another language, so I have been learning Spanish, but that would be on my list of things to learn about.And finally the fifth list, what problems do you have, what problems do you have in your day to day life, that could be anything from credit card debt all the way through to your car breaking down or anything.Writing those lists sounds easy but actually when you get down to doing it, it can be quite challenging to come up with things that you are good and bad at. And once you get those 5 lists, what you are good at, what you are bad at, what you enjoy   most, what you want to learn about and what problems you have, that really forms the basis to you r niche ideas.So once I have got my list of ideas, I always try and think about the bigger picture, and I also try and think about the smaller picture. So to tell you what I mean about that is I get a bunch of emails of people saying, “Oh I have built this site and its making no money, I have built this site and having this problem. The common mistake I find is people limit themselves from day 1. So someone might be like: Oh yeah, I have made an awesome affiliate website about iPhone 6 cases, and well, the problem there is they have not thought of the bigger picture, the iPhone 6 will be replaced eventually, which means that from day 1 they have set themselves up to fail. So if you found this awesome iPhone 6 case is niche, what you should think about is well what about the future? And instead you should make a website that specifically about phone cases or electronics protection in general. And then rather than just having topics about iPhone 6, you could also do things like, off the top of my head, the best water proof cases for your tablet, or how to protect your phone on a construction site, or I don’t know, the best cases to take under water photos with your phone. Something like that which then allows you to become the authority if you like on electronic device protection and cases, rather than just focusing on that smaller iPhone 6 cases picture. It allows you to broaden your reach and also extend the life of the business.Martin: Yes, definitely. I mean I have seen lots of entrepreneurs who are picking too small niche, or a niche that is depreciating over time like you described.Matt hew: Yes, it’s an easy trap to fall into because when you do your niche research and you see all the traffic numbers and the trends they look great, but okay, in a year, it’s going to be very different.On the other side of the coin, you can go too big of a picture; so you might go okay in your list what do you enjoy most, well perhaps you enjoy travelling. Well the problem is if you are just like okay I am going to build a travel blog, there’s thousands of travel blogs, they all do the same thing, it’s really boring. It’s not many travel blogs that have a unique twist or stand out to me. So if something you enjoyed was travel, okay well that’s too big of a picture, we need to look at a smaller picture. So you might think about looking at just music festivals and then you travel around looking at just music festivals, producing content reviews, etc. Or you might go create a travel blog about moving abroad or opportunities to work while travelling, and so then you are kind of niching down into something more specific.Another example of what do you enjoy most is food. I love food. Who doesn’t enjoy food? But again that is too broad of a niche, there’s so many food blogs out there, so many recipe blogs out there, it’s boring. So you need to think about niching down, and in food, I mean, I don’t know, cooking for single men would be a better niche to niche down into from food. So you don’t want to go stiff into ceiling but you don’t want to go so broad that you kind of fall into this big sea of blogs already exist. You’ve already got to kind of find that middle ground.Martin: Yes. From my point of view you always need to find some kind of value proposition why somebody visits and reads your blog. Because if you are just like any other food blog out there with the same kind of pictures and text, why should people visit your site and not other one thousand.Matthew: Of course, you have got to add that value somewhere. The cooking for single m en example, it sounds stupid but if you are a single man and you are going out to buy food and you look at a recipe online, the recipes are always 4-6 portions, so that means that you have got to eat the same thing all week or the ingredients go off. Or it’s very difficult to go into a supermarket, buy foods that create enough meals for the week without any leftovers. So just having that slight little twist on it really changes everything.Martin: And here is a very kind of free blog idea for you guys idea, just start a food blog and make the recipe conditional on some factors like the number of people or so.Matthew: Yes.SEO TRAFFIC TIPS FROM MATTHEW WOODWARDMartin: Okay cool. How do you build the traffic for your website mathewwoodward.co.uk, in terms of the content creation for example? How do you come up with these topics?Matthew: I had a very simple strategy at the start, and I still do it now. The content creation is above all the most important thing. You should not be think ing about traffic, backlinks or anything else until you have got content nailed. And I always try and focus on building content that helps people and solves problems.Problem solving content is great because when a new reader comes to your site and you are helping them, that kind of creates this sub conscious relationship between you and the reader, almost immediately without you having to try. They needed help, you helped them, it’s perfect. Problem solving content is often shared a lot as well, so I always focus on solving people’s problems, it’s my entire content strategy.How you find those problems, well it’s pretty easy because you can find forums in your niche, you can jump on QA sites like quora.com or yahooanswers.com which isn’t so much used anymore, or in Facebook groups, anywhere the people post questions. And that is where I go to hunt for my blog topic ideas and once I see regular kind of questions coming up or things where I think: Yes, I have got the perfect experience to answer that, that becomes the content strategy, that’s where all the ideas come from.Martin: Okay. Imagine you have written 100 or 200 blog posts and every week you publish again 2 or 3 blog posts, how are you going about this content marketing, and especially interested in your backlinking strategy because you said before that you are interested in black hat SEO as well.Matthew: Well, backlinking strategy we would talk about in a minute that would be an interesting talk.With the actual promotion of the content, well, I tried a couple of different things. So when I created content that solved people’s problems, I always add a social locker of some kind. And a social locker if anyone’s wondering is where you have t like share on Twitter or share on Facebook in order to unlock additional content. And that additional content for me is often just a PDF version of the post. So it takes like 60 seconds to create, put it behind a social locker, and any traffic that come s to your post will help you bring new traffic as they share the post to unlock the download.So that’s quite an important twist that I put on things because I want to maximize the value of the traffic that I get. And this is another reason why you shouldn’t focus on money because this is just purely focused on getting more traffic.With that said, I then go and promote the content in exactly the same place as I got the content ideas from. So the same forums, the same QA sites, the same Facebook groups, when I see people having problems, well, now I have just created content that solves that problem and I can introduce the solution to them if you like.Someone might be saying: How to index my backlinks? I will right them a decent   100-200 word answer, and then say: If you want to learn more about this subject, if you have any more questions, please see my more detailed post.And it’s really simple, a really simple form of content promotion but when I launched a blog, that’s exa ctly what I did, that’s exactly what I did to get 2000 visitors the first month, 4500 the next month, 6000 the month after that, that is exactly what I did. I was just balling on forums, QA sites, Facebook groups, anywhere where people were asking questions, I was there to answer it with my content.Martin: Cool. Now, we are learning something about your backlinking strategy. So how do you acquire backlinks that are relevant and uplifting you in terms of search topic?Matthew: So the great irony of the blog is that it’s an SEO blog that doesn’t use SEO. Because that was the experiment at the start. Matt Cutts was always banging on about, just create high quality content, forget about backlinks, etc. So that’s exactly what I did.And I have not actually done any keyword research on the blog, any link building or anything. All I have done is great content that solves people’s problems, and then go and engage those people with that content thats it, which I realize is very hypo critical.However, I wouldn’t recommend that approach to everyone. I mean, this was purely an experiment, it’s not how I would normally do things, you should not be taking that as a good example. Instead, you should be looking to do some basic keyword research for your posts. So if someone is asking how to generate traffic to their website, I would do a bit of keyword research to see what is actually the most common phrase that people use? It might be increase traffic to my website for example, and then I build the content around that keyword. That is the most important foundation you can put in.Then for backlinks Well, there are so many different ways to build backlinks. But one of the easiest ways if you are just starting out and you can kill 2 birds with one stone here is you can get, well actually 3 birds with one stone, you can get   traffic, backlinks and content by taking advantage of people’s egos.So, one of your first posts might be, make a list of the top 10 food blog s, or the top 10 blogs in your niche, and then just list of blogs write two or three hundred words about each blog and just reach out to the blog owners and let them know that you featured them. They usually share it with their audience, usually gives you a backlink, usually gives you traffic, and you have got a piece of content that your readers all love.Martin: One question regarding that, is the link juice that is coming from those let’s say 20 or 30 bloggers or so also applicable to the new content that you are writing.Matthew: It depends, some people are going to link to your homepage which ultimately is what you want to do, you want to drive the overall authority of the domain. Some people will link to the post itself, you get into conversations with people and you could just ask them to link where you would like them to link or they might even invite you to write a dedicated post on their site and then you have got free rein on where you link. It really opens a lot of doors and opportunities beyond just link building.Martin: So when I am starting out and I have written let’s say 20 or 30 posts, should I rather be promoting and getting backlinks for my homepage or am I trying to get back links for a single post.Matthew: If you have a single post that is targeting a specific keyword that you believe that you can easily rank for, and by all means build backlinks to that specific post. But in general for most people is better to drive the authority to the root domain because as you build links in authority to the root domain, it actually raises your authority of all the pages on the site.So I prefer that kind of wider approach where you build authority to the root domain which raises all ships, albeit, it raises them slower than if you were to build links to a specific page. So there is not a right or wrong answer there but personally I would prefer to build the authority of the root domain over building the authority of a specific internal page when yo u are starting out.Martin: And if you are, let’s say, in the process of having been in the business for 2 or 3 years, what would you have done then?Matthew: If you are at a stage where you’ve already built a significant amount of authority to the root domain, a great exercise that you can do is, you can use something like SEMrush to fund out which pages and which key words you are currently ranking for. You might have a key word that’s actually ranking on page 2 in position 12, but with just a few dedicated links to that page, it could be very easy to bring that into the top 5 results. So you are then essentially just leveraging the authority you have already built.If you have got a keyword at the bottom of page 1, ranks 8-10, you can usually bring that into the top 5 just by adding internal links to the page. You don’t necessarily need to go off site and build external links. But you will find as you build the authority to the home page, these opportunities will just come, you will be like: Whoa, I wasn’t expecting that key word to be on the first page, holy shit. And then you have to kind of: Okay well actually I am not using that keyword in the page title, so I could optimize the page title a little bit more, I could maybe increase the key word density, maybe add the keyword in a header and then add a couple of internal links from other pages. And then you will very quickly find pages like that moving to the top 5 or the top 3 and that’s when the real traffic starts to come.Martin: So you would rather focus on content optimization first and then getting additional backlinks to a specific article?Matthew: Yes, because when you are building content that solves problems for people and you are not really too focused on keywords, these opportunities just arise where you are just like: Whoa, I never expected to be ranking for that term. Well okay, now I know that I am ranking decently for it without trying, now I am going to try.Martin: But can you br eak something. For example, imagine I am having a really awesome article on fisherman’s, I don’t know, and now I see, actually I should be ranking fishermen’s nets in New York for example, and now I am changing the title, and my hypothesis was hey if I am adding this or changing these key words, I will be ranking higher, but actually no, I am ranking lower.So how do I really balance this kind of trade off on making this experiment, and is this repairable. So if I am making a mistake and the traffic drops, how fast am I seeing this and can I return it and then have the same results as before?Matthew: Okay, if you are making the home page changes and the internal links and everything, now, everyone needs to understand that SEO is nothing more than risk management. That is all that SEO is; it’s just managing risk. And this is what I would consider to be a very low risk task because you are in control of everything. So if you change a page title, change a key word density, add s ome internal links and the end result is actually drops in rankings, well you can actually reverse what you have done. And it would take a couple of weeks for you to see the increase or the decrease.When you are trying to recover from the drop, just because you change it back to how it used to be doesn’t always mean you are going to recover. It could be that you’ve done the damage and it’s not going to recover from that. In this case, I would then go out, I would put everything back how it was and then I would build some external backlinks from authorative sites in my niche and that would then bring it back to where it was or better.Martin: And how would you do that? So what type of step by step approach would you use to get these external backlinks?Matthew: Well, back to my statement about SEO is just risk management; some people might go the full black hat approach and build up a private blog network, which in some niches you just cannot compete unless you are running privat e blog networks, it’s impossible.But that in itself is a whole headache and scale to learn and it takes time and money, the easy approach would be perhaps leverage some of your relationships to do guest posting, that’s a very easy link building task for anyone to do, regardless of experience of you are new or you have been doing this for years, just leveraging relationships and doing guest posts on oversights is easy for anyone to do, and that carries very minimal risk.So depending on your level of experience and your knowledge   of SEO, you can either go high   risk, high reward, private blog networks or low risk but still a decent reward with guest posts.TIPS TO MONETIZING A BLOGMartin: Okay. Matthew, now assume we have built an awesome blog with lots and tons of traffic, and although we don’t start with the monetization in mind, now it’s time to monetize because we need to pay the bills. How do we monetize the traffic? And when I am looking at your incoming reports, you h ave different types of revenue sources for example, and I would be very interested in how did they develop over time and why did you choose especially the affiliate income revenue stream.Matthew: Okay, actually made a huge mistake with my blog from day 1, a mistake that I carried on making for 2 or 3 years. So I will tell you what that is in a moment.First I’d like to say, most of the earnings of my blog are based on affiliate earnings as you’ve just said and the reason for that is for me, affiliate payouts allow you to be the product owner without any of the hustle.For example, if you own a product, like let’s say Long Tail Pro, you have to deal with customer support, you have to deal with updating the product, fixing bugs and just a bunch of stuff. But as an affiliate, I can make a sale of that product and take half of the money recurring for life without any of those problems. So the money is split 50-50, the only difference is I have to deal with all of those problems. And that’s the case with 99% of affiliate programs, you get half of the money of the sale, certainly for digital products. If you are going into something like Amazon you can make 3-8% range, but still you don’t have to deal with any problems, you don’t have to deal with any time consuming tasks like customer support or fixing bugs or anything like that. So that’s why I really like affiliate based promotions.Martin: The alternative would be just putting Adsense or advertisement on my site and also I would not have this kind of hustle.Matthew: Yes, you can use Adsense links. But I have done some experimentation with this and once your site has got a decent amount of traffic, I found that it’s better to remove Adsense and replace it with your own banner ads that you sell. So you can use a wordpress plugin like OIO publisher which is a complete self serve banner advertising platform where advertisers can buy banner ads through Paypal and upload their banner and the plugin takes care of all of the headache for you. All you have to do is approve or deny ad. Or you can use something like BuySellAds which is a third party platform which essentially does the same thing but they have got a big market place of advertisers as well.Martin: What type of uplift did you experience in your experiments when you compare AdSense advertising versus your own hosted advertising?Matthew: Like 6 times increase.Martin: Wow.Matthew: Yeah. However you have to consider the, I can charge a premium for those ad spaces just because of how the blog is regarded in the niche, it adds a certain credibility to the people advertising on the blog, and I charge for that.So selling your own banner ads isn’t necessarily the best option for everyone. You should certainly be experimenting with it, even when just starting out, and you are getting less than 1000 people a day, ads and after that you want to look at selling your own banner advertisements.Martin: And Matthew for the future, what ty pe of revenue streams would you like to explore for matthewwoodward.co.uk?Matthew: Okay, in the future and back to the biggest mistake I made, which was actually not having my own product to sell. So while promoting affiliate products does avoid s lot of the headaches, it was also in other ways restrict you. For example, by not having my own products to sell, I was leaving a lot of money on the table, I wasn’t making the best use of my email list. There are lots of places for people to sign up to my email list all over the blog, and that could be better funneled into my own product. I would also then replace all of the banner advertising and AdSense advertising that I am selling with advertising for my own product, which would be far more lucrative and far more profitable. So when you are just getting your blog off the ground, it can be quite a big challenge to put out a product, but it doesn’t need to be anything sophisticated or special, it could be something that is just a qu ick $7 PDF cheat sheet for example, maybe a healthy eating cheat sheet or whatever niche you are in. You can usually create one-page PDF check list cheat sheet type of thing with tips and advice or whatever, and start a package and sell it for between 7 and 9 dollars, just a low barrier entry product.Martin: Did you experiment with this?Matthew: No, this is one of the big mistakes I made; I didn’t do that. That is something I regret heavily when I look back at it. I mean I am in the position of hind sight right now, so I can look back and sayMartin: But you could change it. What keeps you from doing this in the next 24 hours?Matthew: I wish I had time to do it in the next 24 hours, but I have since launched my own product. It was a bigger course, it was priced at $297, actually about private blog networks, I made it available for sale for 5 days and then took it off the market. The reason it was only available for 5 days is I wanted to launch it, I wanted to get students on board, it needed their amount of hands on coaching and helping people through the course when they had questions, so I don’t want it to be always open because I don’t want to always have that time commitment there. And also taken on and off the market really, it makes people buy it when it is available rather than making it available all the time.But that is the higher end of the market. $297-product it took me 6 months t make the product, and that’s a realistic investment of time and money for a new blogger.So looking back, what I should have done is spend a day creating a product that I can sell for $7 or $9 and that would really help me leverage my position earlier on.LIFE OF A BLOG ENTREPRENEUR MATTHEW WOODWARDMartin: Good. Matthew, right now you are in Costa Rica, and I would like for you to describe a day in the life of a blog entrepreneur. So what’s today like?Matthew: Okay, so a lot of people have the illusion that the blogging lifestyle is beach, laptop, deck chairs, ta king it easy, feet up. And honestly that is not the case.When you are just starting a blog, I mean when I started out I was doing 80-90 hour weeks. If I had time to go to the toilet, that was a luxury in life, like a real luxury. I quite often find myself quite desperate positions from starvation, eating in the toilet, shaking, really not looking after my health while I was growing the blog.So how does a day in the life of a blog entrepreneur look? Well, when you are first starting out, it is not fun, it is hard, grueling, difficult, long, winded, terrible experience; especially if you are trying to work a full time job at the same time, which I did for a while. I got home at 6pm, I’d have something to eat quickly, 6.30pm â€" 6.45pm I’d start working, I’d stop working at 2am, go to sleep, back to my job and I would just do that every day.A day in my life, even right now, it depends if I’ve got really aggressive goals and things I am trying to achieve, I will hit 12-16 hour d ays back to back without a day off until I reach that goal, I’m just like that. I go in with both feet, I bite down and I just get it done, no excuses, I give up everything, TV, friends, drinking, eating, going to the toilet, everything until I achieve the goal. I am like a dog with a bone. But, it’s also important to remember to enjoy the fruits of your labor. So this past month, for all of May, and this is a great position to be in, for all of May I was like: You know what, screw it, I don’t care, this month it’s about me. I am going to do the complete opposite, I’ve not   got a really big goal I am trying to achieve right now, so I slip into maintenance mode, I do the bare minimum to keep things to come over. Maybe a few hours a week I really enjoy the freedom of the dot com lifestyle, not just in terms of the money because everyone thinks: Oh yeah, blogging money, but also the freedom of time and the freedom of location. I am a British guy in Costa Rica right now. So I am either one or the other, I am either working until my fingers are bleeding or I’m in complete relaxation, I don’t have that balanced middle ground in my life.Martin: Great. Matthew, thank you so much for sharing your insights and I wish you lots of pleasure in Costa Rica, especially now as you are on the low season, you can enjoy the weather and maybe diving.Matthew: Yeah, free diving, spear fishing, that’s my love outside of digital marketing.Martin: Cool stuff. Thank you Matthew.Matthew: Thank you for having me and just a final bit of advice, if you are starting a blog, please don’t make the same mistake as everyone and focus on the money. I have seen so many great blogs come and after month 3, 4 or 5, they just die, they stop updating them, they get abandoned and when I speak to the people they say: Well you know, it wasn’t making any money. And if they would have just carried on for another 2 or 3 months, they would have reached that goal. So please if you are star ting out, forget about the money, your first and only goal should be to get you first 100 email subscribers. If you do that successfully everything else will follow in time, so please keep that in mind if you are just starting out.Martin: Good stuff. Okay, thank you so much, enjoy your time.Matthew: ByeMartin: ByeTHANKS FOR LISTENING! Welcome to the 18th episode of our podcast!You can download the podcast to your computer or listen to it here on the blog. Click here to subscribe in iTunes. INTRODUCTION STORY OF MATTHEWWOODWARD.CO.UKMartin: Hi folks. Today we are talking about starting an online business and maybe you can become a blog entrepreneur yourself. Today we have on board Matthew, who build up a very decent online business himself. Hi Matthew, who are you and what do you do?Matthew: Hi guys, my name is Matthew Woodward, I am from the UK originally and I have been playing with things online since the age of around 13, and I am about to be 30. So, I have been doing this for quite a long time now. Before I even knew that you could use the internet to make money, I was writing articles and producing content on a volunteer basis. And over the past 15 years or so, I found myself in various positions in the digital marketing world.I had a very successful corporate career, running campaigns for some big global brands. And then around 6 or 7 years ago now I took the jump and went full time for myself building a range of affiliate sites and the blog that most people kno w me for, matthewwoodward.co.uk, which is my award winning digital marketing blog, that basically just shares my experience and knowledge with everyone free of charge.Martin: How did it all start with starting your own blog, and at what point in time did you think: Ooh, this is a worthwhile endeavor?Matthew: That is a great question because the blog was originally started as an experiment because I am really, what excites me is black hat SEO which is, it is a bit of a controversial topic at times. But really, that’s what excites me. And back then, we are going back 4 or 5 years ago, when Mark Cooks was in charge of the Google web spam team, he was always saying: Create high quality content, forget about SEO, forget about bad links and so on. So with that in mind that is kind of what I did. I decided: Well, if I was just to record the kinds of things I do every day as part of my affiliate marketing, that might be interesting and helpful to people, I am just going to record what I a m already doing and publish it and see what happens.It turned out people loved that and the feedback was absolutely awesome, so I just focused on creating content. That’s what I was doing everyday but also solved people’s problems that we see coming up on forums like warrior forum and black hat world and so on.Martin: What kept you motivated in pursuing this, because I imagine for the first 3 or 6 or maybe even 9 months you would have no real or big traffic but you are still spending time in writing and marketing your content. What kept you motivated?Matthew: Well, actually if you jump on the blog there is a page in the head of the income reports and you can actually see every month from day 1 how much traffic and how much money I had. So I don’t really want to focus on the amount of traffic and the amount of money too much, although I am going to tell you what those initial numbers were because one of the big mistakes many people make is focusing on how much money they have m ade or how much traffic they have got, which can actually be very demoralizing when there is no traffic and there is no money for a few months. Instead you guys should be focusing on how to get your first 100 subscribers before you even think about money.But for me,   I was very lucky, and also I had the fact that I have 15 years experience doing this. So month 1 was around 2000 visitors, I made about $600. Month 2 was around 4500 visitors but about $4000 profitMartin: Not bad.Matthew: And month 3 I actually jumped $7000 with 6000 visitors.So you can see on the blog in my income reports how all of that was done, but I don’t want people to really focus on those numbers too much because it can be very demoralizing. For me, if you just focus on first of all getting your first hundred subscribers and then just the feedback that you get, the quality of feedback , the people that email you and say: Thank you for helping, I had this problem you solved it, or I had a blog that was doing n o visitors and now it’s doing 100 visitors. Just those small micro bits of feedback is really what drove me to carry on working on the blog for so many years.ADVICE FOR YOUNG BLOGGERS FROM MATTHEW WOODWARDMartin: Matthew, imagine, somebody reads your blog and then he says: Oh, I want to start my own blog. What type of advice can you give him on how to find really a topic which he can blog on which is maybe even profitable over some months or years?Matthew: Okay, that’s quite a tough question because everybody is different.So take on board the advice I said, don’t really worry about the money, kind of forget about the money, forget anything about how am I going to make money from this. You really want to strip it back to play to your strengths or to your weaknesses and those are different for everyone, so it’s very hard to give specific advice here.But I have a small exercise that I get people to do and essentially what you want to do is to create 5 different lists, and you w ant to put around 5 to 10 different items on each of these lists.The first list you want to create is a list of things that you are good at. That’s going to be different for everyone.Then you want to create a list of things that you are bad at. And if you are anything like me, the list of things I am bad at is far longer than the list of things I am good at.Then you want to make a list of what you enjoy most. Some people enjoy video games, some people enjoy football, things like that, don’t be afraid what you might think is stupid during this exercise.The fourth list you want to do is what do you want to learn about, so things that have interested you. For me personally, I always wanted to learn another language, so I have been learning Spanish, but that would be on my list of things to learn about.And finally the fifth list, what problems do you have, what problems do you have in your day to day life, that could be anything from credit card debt all the way through to your car breaking down or anything.Writing those lists sounds easy but actually when you get down to doing it, it can be quite challenging to come up with things that you are good and bad at. And once you get those 5 lists, what you are good at, what you are bad at, what you enjoy   most, what you want to learn about and what problems you have, that really forms the basis to you r niche ideas.So once I have got my list of ideas, I always try and think about the bigger picture, and I also try and think about the smaller picture. So to tell you what I mean about that is I get a bunch of emails of people saying, “Oh I have built this site and its making no money, I have built this site and having this problem. The common mistake I find is people limit themselves from day 1. So someone might be like: Oh yeah, I have made an awesome affiliate website about iPhone 6 cases, and well, the problem there is they have not thought of the bigger picture, the iPhone 6 will be replaced eventually, which means that from day 1 they have set themselves up to fail. So if you found this awesome iPhone 6 case is niche, what you should think about is well what about the future? And instead you should make a website that specifically about phone cases or electronics protection in general. And then rather than just having topics about iPhone 6, you could also do things like, off the top of my head, the best water proof cases for your tablet, or how to protect your phone on a construction site, or I don’t know, the best cases to take under water photos with your phone. Something like that which then allows you to become the authority if you like on electronic device protection and cases, rather than just focusing on that smaller iPhone 6 cases picture. It allows you to broaden your reach and also extend the life of the business.Martin: Yes, definitely. I mean I have seen lots of entrepreneurs who are picking too small niche, or a niche that is depreciating over time like you described.Matt hew: Yes, it’s an easy trap to fall into because when you do your niche research and you see all the traffic numbers and the trends they look great, but okay, in a year, it’s going to be very different.On the other side of the coin, you can go too big of a picture; so you might go okay in your list what do you enjoy most, well perhaps you enjoy travelling. Well the problem is if you are just like okay I am going to build a travel blog, there’s thousands of travel blogs, they all do the same thing, it’s really boring. It’s not many travel blogs that have a unique twist or stand out to me. So if something you enjoyed was travel, okay well that’s too big of a picture, we need to look at a smaller picture. So you might think about looking at just music festivals and then you travel around looking at just music festivals, producing content reviews, etc. Or you might go create a travel blog about moving abroad or opportunities to work while travelling, and so then you are kind of niching down into something more specific.Another example of what do you enjoy most is food. I love food. Who doesn’t enjoy food? But again that is too broad of a niche, there’s so many food blogs out there, so many recipe blogs out there, it’s boring. So you need to think about niching down, and in food, I mean, I don’t know, cooking for single men would be a better niche to niche down into from food. So you don’t want to go stiff into ceiling but you don’t want to go so broad that you kind of fall into this big sea of blogs already exist. You’ve already got to kind of find that middle ground.Martin: Yes. From my point of view you always need to find some kind of value proposition why somebody visits and reads your blog. Because if you are just like any other food blog out there with the same kind of pictures and text, why should people visit your site and not other one thousand.Matthew: Of course, you have got to add that value somewhere. The cooking for single m en example, it sounds stupid but if you are a single man and you are going out to buy food and you look at a recipe online, the recipes are always 4-6 portions, so that means that you have got to eat the same thing all week or the ingredients go off. Or it’s very difficult to go into a supermarket, buy foods that create enough meals for the week without any leftovers. So just having that slight little twist on it really changes everything.Martin: And here is a very kind of free blog idea for you guys idea, just start a food blog and make the recipe conditional on some factors like the number of people or so.Matthew: Yes.SEO TRAFFIC TIPS FROM MATTHEW WOODWARDMartin: Okay cool. How do you build the traffic for your website mathewwoodward.co.uk, in terms of the content creation for example? How do you come up with these topics?Matthew: I had a very simple strategy at the start, and I still do it now. The content creation is above all the most important thing. You should not be think ing about traffic, backlinks or anything else until you have got content nailed. And I always try and focus on building content that helps people and solves problems.Problem solving content is great because when a new reader comes to your site and you are helping them, that kind of creates this sub conscious relationship between you and the reader, almost immediately without you having to try. They needed help, you helped them, it’s perfect. Problem solving content is often shared a lot as well, so I always focus on solving people’s problems, it’s my entire content strategy.How you find those problems, well it’s pretty easy because you can find forums in your niche, you can jump on QA sites like quora.com or yahooanswers.com which isn’t so much used anymore, or in Facebook groups, anywhere the people post questions. And that is where I go to hunt for my blog topic ideas and once I see regular kind of questions coming up or things where I think: Yes, I have got the perfect experience to answer that, that becomes the content strategy, that’s where all the ideas come from.Martin: Okay. Imagine you have written 100 or 200 blog posts and every week you publish again 2 or 3 blog posts, how are you going about this content marketing, and especially interested in your backlinking strategy because you said before that you are interested in black hat SEO as well.Matthew: Well, backlinking strategy we would talk about in a minute that would be an interesting talk.With the actual promotion of the content, well, I tried a couple of different things. So when I created content that solved people’s problems, I always add a social locker of some kind. And a social locker if anyone’s wondering is where you have t like share on Twitter or share on Facebook in order to unlock additional content. And that additional content for me is often just a PDF version of the post. So it takes like 60 seconds to create, put it behind a social locker, and any traffic that come s to your post will help you bring new traffic as they share the post to unlock the download.So that’s quite an important twist that I put on things because I want to maximize the value of the traffic that I get. And this is another reason why you shouldn’t focus on money because this is just purely focused on getting more traffic.With that said, I then go and promote the content in exactly the same place as I got the content ideas from. So the same forums, the same QA sites, the same Facebook groups, when I see people having problems, well, now I have just created content that solves that problem and I can introduce the solution to them if you like.Someone might be saying: How to index my backlinks? I will right them a decent   100-200 word answer, and then say: If you want to learn more about this subject, if you have any more questions, please see my more detailed post.And it’s really simple, a really simple form of content promotion but when I launched a blog, that’s exa ctly what I did, that’s exactly what I did to get 2000 visitors the first month, 4500 the next month, 6000 the month after that, that is exactly what I did. I was just balling on forums, QA sites, Facebook groups, anywhere where people were asking questions, I was there to answer it with my content.Martin: Cool. Now, we are learning something about your backlinking strategy. So how do you acquire backlinks that are relevant and uplifting you in terms of search topic?Matthew: So the great irony of the blog is that it’s an SEO blog that doesn’t use SEO. Because that was the experiment at the start. Matt Cutts was always banging on about, just create high quality content, forget about backlinks, etc. So that’s exactly what I did.And I have not actually done any keyword research on the blog, any link building or anything. All I have done is great content that solves people’s problems, and then go and engage those people with that content thats it, which I realize is very hypo critical.However, I wouldn’t recommend that approach to everyone. I mean, this was purely an experiment, it’s not how I would normally do things, you should not be taking that as a good example. Instead, you should be looking to do some basic keyword research for your posts. So if someone is asking how to generate traffic to their website, I would do a bit of keyword research to see what is actually the most common phrase that people use? It might be increase traffic to my website for example, and then I build the content around that keyword. That is the most important foundation you can put in.Then for backlinks Well, there are so many different ways to build backlinks. But one of the easiest ways if you are just starting out and you can kill 2 birds with one stone here is you can get, well actually 3 birds with one stone, you can get   traffic, backlinks and content by taking advantage of people’s egos.So, one of your first posts might be, make a list of the top 10 food blog s, or the top 10 blogs in your niche, and then just list of blogs write two or three hundred words about each blog and just reach out to the blog owners and let them know that you featured them. They usually share it with their audience, usually gives you a backlink, usually gives you traffic, and you have got a piece of content that your readers all love.Martin: One question regarding that, is the link juice that is coming from those let’s say 20 or 30 bloggers or so also applicable to the new content that you are writing.Matthew: It depends, some people are going to link to your homepage which ultimately is what you want to do, you want to drive the overall authority of the domain. Some people will link to the post itself, you get into conversations with people and you could just ask them to link where you would like them to link or they might even invite you to write a dedicated post on their site and then you have got free rein on where you link. It really opens a lot of doors and opportunities beyond just link building.Martin: So when I am starting out and I have written let’s say 20 or 30 posts, should I rather be promoting and getting backlinks for my homepage or am I trying to get back links for a single post.Matthew: If you have a single post that is targeting a specific keyword that you believe that you can easily rank for, and by all means build backlinks to that specific post. But in general for most people is better to drive the authority to the root domain because as you build links in authority to the root domain, it actually raises your authority of all the pages on the site.So I prefer that kind of wider approach where you build authority to the root domain which raises all ships, albeit, it raises them slower than if you were to build links to a specific page. So there is not a right or wrong answer there but personally I would prefer to build the authority of the root domain over building the authority of a specific internal page when yo u are starting out.Martin: And if you are, let’s say, in the process of having been in the business for 2 or 3 years, what would you have done then?Matthew: If you are at a stage where you’ve already built a significant amount of authority to the root domain, a great exercise that you can do is, you can use something like SEMrush to fund out which pages and which key words you are currently ranking for. You might have a key word that’s actually ranking on page 2 in position 12, but with just a few dedicated links to that page, it could be very easy to bring that into the top 5 results. So you are then essentially just leveraging the authority you have already built.If you have got a keyword at the bottom of page 1, ranks 8-10, you can usually bring that into the top 5 just by adding internal links to the page. You don’t necessarily need to go off site and build external links. But you will find as you build the authority to the home page, these opportunities will just come, you will be like: Whoa, I wasn’t expecting that key word to be on the first page, holy shit. And then you have to kind of: Okay well actually I am not using that keyword in the page title, so I could optimize the page title a little bit more, I could maybe increase the key word density, maybe add the keyword in a header and then add a couple of internal links from other pages. And then you will very quickly find pages like that moving to the top 5 or the top 3 and that’s when the real traffic starts to come.Martin: So you would rather focus on content optimization first and then getting additional backlinks to a specific article?Matthew: Yes, because when you are building content that solves problems for people and you are not really too focused on keywords, these opportunities just arise where you are just like: Whoa, I never expected to be ranking for that term. Well okay, now I know that I am ranking decently for it without trying, now I am going to try.Martin: But can you br eak something. For example, imagine I am having a really awesome article on fisherman’s, I don’t know, and now I see, actually I should be ranking fishermen’s nets in New York for example, and now I am changing the title, and my hypothesis was hey if I am adding this or changing these key words, I will be ranking higher, but actually no, I am ranking lower.So how do I really balance this kind of trade off on making this experiment, and is this repairable. So if I am making a mistake and the traffic drops, how fast am I seeing this and can I return it and then have the same results as before?Matthew: Okay, if you are making the home page changes and the internal links and everything, now, everyone needs to understand that SEO is nothing more than risk management. That is all that SEO is; it’s just managing risk. And this is what I would consider to be a very low risk task because you are in control of everything. So if you change a page title, change a key word density, add s ome internal links and the end result is actually drops in rankings, well you can actually reverse what you have done. And it would take a couple of weeks for you to see the increase or the decrease.When you are trying to recover from the drop, just because you change it back to how it used to be doesn’t always mean you are going to recover. It could be that you’ve done the damage and it’s not going to recover from that. In this case, I would then go out, I would put everything back how it was and then I would build some external backlinks from authorative sites in my niche and that would then bring it back to where it was or better.Martin: And how would you do that? So what type of step by step approach would you use to get these external backlinks?Matthew: Well, back to my statement about SEO is just risk management; some people might go the full black hat approach and build up a private blog network, which in some niches you just cannot compete unless you are running privat e blog networks, it’s impossible.But that in itself is a whole headache and scale to learn and it takes time and money, the easy approach would be perhaps leverage some of your relationships to do guest posting, that’s a very easy link building task for anyone to do, regardless of experience of you are new or you have been doing this for years, just leveraging relationships and doing guest posts on oversights is easy for anyone to do, and that carries very minimal risk.So depending on your level of experience and your knowledge   of SEO, you can either go high   risk, high reward, private blog networks or low risk but still a decent reward with guest posts.TIPS TO MONETIZING A BLOGMartin: Okay. Matthew, now assume we have built an awesome blog with lots and tons of traffic, and although we don’t start with the monetization in mind, now it’s time to monetize because we need to pay the bills. How do we monetize the traffic? And when I am looking at your incoming reports, you h ave different types of revenue sources for example, and I would be very interested in how did they develop over time and why did you choose especially the affiliate income revenue stream.Matthew: Okay, actually made a huge mistake with my blog from day 1, a mistake that I carried on making for 2 or 3 years. So I will tell you what that is in a moment.First I’d like to say, most of the earnings of my blog are based on affiliate earnings as you’ve just said and the reason for that is for me, affiliate payouts allow you to be the product owner without any of the hustle.For example, if you own a product, like let’s say Long Tail Pro, you have to deal with customer support, you have to deal with updating the product, fixing bugs and just a bunch of stuff. But as an affiliate, I can make a sale of that product and take half of the money recurring for life without any of those problems. So the money is split 50-50, the only difference is I have to deal with all of those problems. And that’s the case with 99% of affiliate programs, you get half of the money of the sale, certainly for digital products. If you are going into something like Amazon you can make 3-8% range, but still you don’t have to deal with any problems, you don’t have to deal with any time consuming tasks like customer support or fixing bugs or anything like that. So that’s why I really like affiliate based promotions.Martin: The alternative would be just putting Adsense or advertisement on my site and also I would not have this kind of hustle.Matthew: Yes, you can use Adsense links. But I have done some experimentation with this and once your site has got a decent amount of traffic, I found that it’s better to remove Adsense and replace it with your own banner ads that you sell. So you can use a wordpress plugin like OIO publisher which is a complete self serve banner advertising platform where advertisers can buy banner ads through Paypal and upload their banner and the plugin takes care of all of the headache for you. All you have to do is approve or deny ad. Or you can use something like BuySellAds which is a third party platform which essentially does the same thing but they have got a big market place of advertisers as well.Martin: What type of uplift did you experience in your experiments when you compare AdSense advertising versus your own hosted advertising?Matthew: Like 6 times increase.Martin: Wow.Matthew: Yeah. However you have to consider the, I can charge a premium for those ad spaces just because of how the blog is regarded in the niche, it adds a certain credibility to the people advertising on the blog, and I charge for that.So selling your own banner ads isn’t necessarily the best option for everyone. You should certainly be experimenting with it, even when just starting out, and you are getting less than 1000 people a day, ads and after that you want to look at selling your own banner advertisements.Martin: And Matthew for the future, what ty pe of revenue streams would you like to explore for matthewwoodward.co.uk?Matthew: Okay, in the future and back to the biggest mistake I made, which was actually not having my own product to sell. So while promoting affiliate products does avoid s lot of the headaches, it was also in other ways restrict you. For example, by not having my own products to sell, I was leaving a lot of money on the table, I wasn’t making the best use of my email list. There are lots of places for people to sign up to my email list all over the blog, and that could be better funneled into my own product. I would also then replace all of the banner advertising and AdSense advertising that I am selling with advertising for my own product, which would be far more lucrative and far more profitable. So when you are just getting your blog off the ground, it can be quite a big challenge to put out a product, but it doesn’t need to be anything sophisticated or special, it could be something that is just a qu ick $7 PDF cheat sheet for example, maybe a healthy eating cheat sheet or whatever niche you are in. You can usually create one-page PDF check list cheat sheet type of thing with tips and advice or whatever, and start a package and sell it for between 7 and 9 dollars, just a low barrier entry product.Martin: Did you experiment with this?Matthew: No, this is one of the big mistakes I made; I didn’t do that. That is something I regret heavily when I look back at it. I mean I am in the position of hind sight right now, so I can look back and sayMartin: But you could change it. What keeps you from doing this in the next 24 hours?Matthew: I wish I had time to do it in the next 24 hours, but I have since launched my own product. It was a bigger course, it was priced at $297, actually about private blog networks, I made it available for sale for 5 days and then took it off the market. The reason it was only available for 5 days is I wanted to launch it, I wanted to get students on board, it needed their amount of hands on coaching and helping people through the course when they had questions, so I don’t want it to be always open because I don’t want to always have that time commitment there. And also taken on and off the market really, it makes people buy it when it is available rather than making it available all the time.But that is the higher end of the market. $297-product it took me 6 months t make the product, and that’s a realistic investment of time and money for a new blogger.So looking back, what I should have done is spend a day creating a product that I can sell for $7 or $9 and that would really help me leverage my position earlier on.LIFE OF A BLOG ENTREPRENEUR MATTHEW WOODWARDMartin: Good. Matthew, right now you are in Costa Rica, and I would like for you to describe a day in the life of a blog entrepreneur. So what’s today like?Matthew: Okay, so a lot of people have the illusion that the blogging lifestyle is beach, laptop, deck chairs, ta king it easy, feet up. And honestly that is not the case.When you are just starting a blog, I mean when I started out I was doing 80-90 hour weeks. If I had time to go to the toilet, that was a luxury in life, like a real luxury. I quite often find myself quite desperate positions from starvation, eating in the toilet, shaking, really not looking after my health while I was growing the blog.So how does a day in the life of a blog entrepreneur look? Well, when you are first starting out, it is not fun, it is hard, grueling, difficult, long, winded, terrible experience; especially if you are trying to work a full time job at the same time, which I did for a while. I got home at 6pm, I’d have something to eat quickly, 6.30pm â€" 6.45pm I’d start working, I’d stop working at 2am, go to sleep, back to my job and I would just do that every day.A day in my life, even right now, it depends if I’ve got really aggressive goals and things I am trying to achieve, I will hit 12-16 hour d ays back to back without a day off until I reach that goal, I’m just like that. I go in with both feet, I bite down and I just get it done, no excuses, I give up everything, TV, friends, drinking, eating, going to the toilet, everything until I achieve the goal. I am like a dog with a bone. But, it’s also important to remember to enjoy the fruits of your labor. So this past month, for all of May, and this is a great position to be in, for all of May I was like: You know what, screw it, I don’t care, this month it’s about me. I am going to do the complete opposite, I’ve not   got a really big goal I am trying to achieve right now, so I slip into maintenance mode, I do the bare minimum to keep things to come over. Maybe a few hours a week I really enjoy the freedom of the dot com lifestyle, not just in terms of the money because everyone thinks: Oh yeah, blogging money, but also the freedom of time and the freedom of location. I am a British guy in Costa Rica right now. So I am either one or the other, I am either working until my fingers are bleeding or I’m in complete relaxation, I don’t have that balanced middle ground in my life.Martin: Great. Matthew, thank you so much for sharing your insights and I wish you lots of pleasure in Costa Rica, especially now as you are on the low season, you can enjoy the weather and maybe diving.Matthew: Yeah, free diving, spear fishing, that’s my love outside of digital marketing.Martin: Cool stuff. Thank you Matthew.Matthew: Thank you for having me and just a final bit of advice, if you are starting a blog, please don’t make the same mistake as everyone and focus on the money. I have seen so many great blogs come and after month 3, 4 or 5, they just die, they stop updating them, they get abandoned and when I speak to the people they say: Well you know, it wasn’t making any money. And if they would have just carried on for another 2 or 3 months, they would have reached that goal. So please if you are star ting out, forget about the money, your first and only goal should be to get you first 100 email subscribers. If you do that successfully everything else will follow in time, so please keep that in mind if you are just starting out.Martin: Good stuff. Okay, thank you so much, enjoy your time.Matthew: ByeMartin: ByeTHANKS FOR LISTENING!Thanks so much for joining our 18th podcast episode!Have some feedback you’d like to share?  Leave  a note in the comment section below! If you enjoyed this episode, please  share  it using the social media buttons you see at the bottom of the post.Also,  please leave an honest review for The Cleverism Podcast on iTunes or on SoundCloud. Ratings and reviews  are  extremely  helpful  and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.Special thanks  to Matthew for joining me this week. Until  next time!

Minimum Wage Laws For The United States Essay - 1742 Words

The minimum wage is the mandated price floor paid on hourly or daily basis for the employees regulated by the government or the union. In â€Å"Federal Minimum Wage†, New Zealand and Australia enacted the first minimum wage law during the late 19th century to prevent employers’ exploitation of workers. In 1912, Massachusetts passed the first minimum wage legislation in the US that was enforced for women and children, and fifteen more states followed in the next eleven years. However, the Supreme Court abolished the minimum wage laws in 1923 because the laws violated the women and employers’ Fifth Amendment or their right to negotiate a binding agreement without government interference. In the US, the first federal minimum wage law passed 25 cents per hour as part of President Franklin D. Roosevelt’s Fair Labor Standards Act (FLSA) to help struggling workers during the Great Depression (â€Å"Federal Minimum Wage†). Since 1938, the minimum wage law h as increased twenty-two times to $7.25 to keep pace with inflation. However, minimum wage laws have exemptions in some field of works such as tipped employee who earns $2.13 an hour in direct wages if the amount plus the tips received is at least the mandated minimum wage. In addition, agricultural workers earn their salaries by the number of bags or weight multiplied by the crops’ selling price (â€Å"Minimum Wage and Overtime Basics†). Economists and politicians have been debating for decades if the impact of the minimum wage law providesShow MoreRelatedMinimum Wage And The Laws That Govern Wage Rates Within The United States1993 Words   |  8 PagesIn this paper I will introduce the concept of minimum wage and a few of the laws that govern wage rates within the United States. I will also discuss some of the idea of both the support and opposition to minimum wage. I will also introduce some United States companies who have made the decision to raise their own minimum wages, why they made the decision to do so, and the changes and expectations they have as a result. Raising minimum wage for a company is not easy, and what to raise it to is harderRead MoreThe Effects of a Minimum Wage Law655 Words   |  3 PagesWhat are the Effects of a Minimum Wage Law? A minimum wage is the lowest amount of money per hour that the government of the country assigns employers to pay their employees. The minimum wage is based on an idea that the employers have a responsibility for their employees to live in a reasonable standard of living. The minimum wage laws have directly effect to most industries because of the potential of decreasing their budget. As a result, the minimum wage is still an issue that people researchRead MoreBenefits Of Minimum Wage Law990 Words   |  4 Pagesor even clothes to put on their backs. But here in the United States, we are fortunate enough to have a law in order to complete the bare minimum to afford a decent living condition, food for their families and even to put on decent clothes to keep themselves warm. The minimum wage law was set so employees have a decent living wage and are not in complete ruins after working rough conditions. There are many benefits towards the minimum wage law that was set in 1938 by Presid ent Roosevelt. It helpsRead MoreThe Minimum Wage Of The United States928 Words   |  4 Pagesdissertation is that the federal minimum wage in the United States (US) has been at a stalemate for several years. (Addison et al, 2013) While policy makers are undecided whether to sign a bill into law that will increase the federal minimum wage, the workforce is held in a quandary. The inequality of wages across the country is unbalanced, because some states and various industries are exempt from the minimum wage laws. (Clain, 2012) Due to lack of awareness of the minimum wage laws, the workforce employedRead MoreShould Minimum Wage Be Raised?1062 Words   |  5 Pagesever pressing question regarding Minimum wage. Not many subjects can ignite a controversy as quickly as that of whether or not minimum wage should be raised, or by how much should it be raised or if it should remain the same. What is minimum wage? By definition, minimum wage is the minimum hourly wage an employer can pay a n employee for work. (â€Å"MinimumWage.com†) America’s minimum wage was first introduced by President Franklin D. Roosevelt in 1938. That minimum wage was introduced as part of the FairRead MoreMinimum Wage Of The United States Of America And Australia1031 Words   |  5 Pagesvarious countries see growth in their economy, there has also been significant differences in the wages set to employees in different countries. The lowest wages set by the law that are fixed to a particular amount which is also defined to be the price floor below which workers shall not sell their labor, has its own effects. The minimum wage law came into force as a matter of social justice amongst the low-wage workers, also to reduce exploitation and see that workers can afford the standard basic livingRead MoreCongress As Part Of The Fair Labor Standards Act1084 Words   |  5 PagesStandards Act (FLSA) instituted minimum wage back in 1938. The first minimum wage was at $0.25 per hour and the last minimum wage increase occurred in 2007. Over the past 65 years the minimum wage has varied considerably in inflation-adjusted buying power. It has averaged $6.60 an hour in purchasing power in 2013 dollars, but it has ranged from a low of $3.09 an hour in late 1948 to a high of $8.67 an hour in 1968. Today’s minimum wage buys somewhat more than the minimum wage has historically, althoughRead MoreHigher Federal Requirements For The Minimum Wage Essay1741 Words   |  7 PagesThe push for higher federal requirements for the minimum wage in the United States, as a means of combatting income inequality, have remained a highly debated topic of discussion over the course of many years in the United States. On one side of this debate you have more progressive economists who believe that if minimum wage is increased the standards of living for many minimum wage employees will be improved, thus spurring economic prosperity for this class of workers and helping to bridge theRead MoreMinimum Wage Laws Do Not Meet The Basic Needs Of People850 Words   |  4 PagesThe Universal Declaration of Human Rights set forth by the United Nations in 1950, article 25, paragraph 1 states, â€Å"Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary socital services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control† (â€Å"Universal DeclarationRead MoreThe Effects Of Minimum Wage On The Economy1391 Words   |  6 PagesThe Effects Minimum Wage on the Economy The controversial topic about increasing minimum wage is debated countless times over the years. Minimum wage is the lowest wage an employer can pay an employee permitted by law. The contemporary federal minimum wage is $7.25. Minimum wage applies to all domestic workers but teenagers are the main receivers of minimum wage. Minimum wage has a major effect on the economy. The question is are the effects positive or negative. There are many arguments on whether

Essay on Busniess - 1150 Words

Homework Assignment: Chapter 3 and Chapter 4 NOTE: Follow the instructions for sending your homework to me that you’ll find in the Learning Module 1 Lecture Notes. START COPY HERE (Chapter 3)************************************************************ Your Name: Xin Song Chapter 3 Homework (type your answer below each question; keep your responses concise) 1. Why is outsourcing such an attractive way for firms to tap into foreign markets? What are the risks of foreign outsourcing? 2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers? 3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not? 4. Take a†¦show more content†¦Another key risk of foreign outsourcing involves social responsibility. Q2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers? Sociocultural differences include difference among countries in language, attitudes and value. Also some specific, and perhaps surprising, elements that affect business include nonverbal communication, forms of address, attitudes toward punctuality, religious celebrations and customs, business practices, and expectations regarding meals and gifts. The best way to jump over sociocultural barrios is to conduct thorough consumer research, cultivate firsthand knowledge, and practice extreme sensitivity. Q3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not? NAFTA is the treaty that created the free-trading zone among the United States, Mexico, and Canada. Despite dire predictions of American jobs flowing to Mexico, the U.S. economy has grown significantly since the implementation of NAFTA. The Canadian and Mexican economies have thrived as well. Other criticisms of NAFTA include increased pollution and worker abuse. But the full impact of NAFTA—for better or for worse—is tough to evaluate because so many other variables affect all three economies. NAFTA makes North America formed a more open trade in services market, in many complex and highlyShow MoreRelatedBusniess1780 Words   |  8 PagesClub IT Club IT is a nightclub owned and operated by Ruben Keys and Lisa Tejada. The club has retained and even increased its niche customer base making it a success, so far. The evenings are usually the busiest time for Club IT because locals enjoy going out to eat, drink, and socialize with friends. 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Cornelius at the age of 16 had already stepped into the busniess world and he didn’t even know it. At 16 he entered into the steamboat business when he established a freight and passenger service between Stanton Island and Manhattan. Little did Cornelius know this would be one of the key ways he would make hisRead MoreGay Marriage And The Civil Rights Movement791 Words   |  4 Pagessame-sex marriage is that it is not â€Å"practical†, or they are â€Å"uncomfortable† with non-standard marriages. Say your neighbors get married, and they are both men. How does that directly effect you and your life? Who a person loves is not another person s busniess. Maybe I am biased against those who do not support same-sex marriage is because I am a bisexual Christian woman. While I have not â€Å"come out† to everyone in my life, I often hear discrimanatory statements toward bisexual people, calling them â€Å"comfused†Read MoreImportant Components Of A Virtual Team Performance Essay1191 Words   |  5 Pageswill not be efficient and effective as well as members can get frustrated. It is crucial for all members to be committed to the agreed upon schedule and follow the timeline. â€Å"Virtual teams that connect their day-to-day work to the organization’s busniess strategy and objective are more likely to stay commited and engaged over time†(Derosa Lepsinger, 2010, p. 51). Commitment and engagement can be challenging if members are multi-tasking and participation are limisted with a virtual meeting. Read MoreDrinking Age During The United States Of America1325 Words   |  6 Pageskeeping 10% of funding for highways (Murray). The agency in charge of taxing and making revenue from the sale of liquor would be the ATF. By lowering the age to eighteen you would then be placing them in a position to make more money, as well as small busniess, bars and pubs across america. More money and a promising future of less teen angst and rebellion over current outstanding laws, as well as giving our nation s young adults their right back.Read MoreSample Management Principles And Practice1478 Words   |  6 PagesManagement An Introduction. 5th Ed. Financial Times Prentice Hall Campbell, Stonehouse Houston. (2002) ¬ Figure 1.3, the stakeholder map (adapted from Mendelow, 1991) [Stakeholder map] Retrieved from https://qamarwaince.files.wordpress.com/2012/02/book-busniess-strategy-an-intro.pdf CORPORATE RESPONSIBILITY REVIEW. 1st Ed. Corporate Edge, 2006. [pdf] Tesco. 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Kindness Positive Psychology and Old Lady Free Essays

Doing kindness to a perfectly stranger?.. how would I feel? well, I felt a sense of fullfiment and satisfaction. We will write a custom essay sample on Kindness: Positive Psychology and Old Lady or any similar topic only for you Order Now I was with my mother and sister the day when we visited a trade fair in La trinidad, the sun was high,twas’12pm, we were of course famished but we decided to quench first our thirst, we ordered halo halo from one of the stalls there. We joined a table where two girls were quitely enjoying their halo halo.. suddenly an old lady approached them, I overheard the old lady telling them that she was hungry,.. he old lady just stood there completely stoned, as in she was just standing in front of them while the two girls ignored her and continued whatever conversation that they were having maybe waiting for something,,,i thought those two girls were heartless, the woman was just like their mom already, so what I did was, I went to buy her pansit. The seller asked me if the old lady was disturbing us, I said no that it was completely fine, that she was just hungry that’s all. I then gave the pansit to the lola, she ate, then left.. no thank you or anything.. Though I heard no thank you from that lola, I felt happy anyway, knowing that the pansit filled her stomach and that maybe she is grateful somewhere in her heart. My point is, helping someone may it be for little things or for big, it will somehow give you a sense of worth for your existense†¦ that YOU EXIST FOR A PURPOSE!!! FGeXIST FJJEXEXIST FOR A PURPOSE! 🙂 How to cite Kindness: Positive Psychology and Old Lady, Papers

The relationship between inflation and unemployment in Vietnam Essay Example

The relationship between inflation and unemployment in Vietnam Paper Part I Vietnam s economic growing depend on two chief factors: internal ( the stimulation of economic system export and import ) and external factors ( planetary environment market and Vietnam s fight ) . In general tendency, Vietnam s GDP has gone up from 7,8 % in 2004 to 8.5 % in 2007. But, it merely reached merely 6.2 % ( 2008 ) and 5.3 % in 2009 because of fiscal crisis.[ 2 ] In 2009, Vietnam economic system has a positive alteration: GDP increased over the quarters for all twelvemonth, this increasing is about 5.32 % . In this twelvemonth, the GDP growing despites a lower growing rate of 6.2 % in 2008 but has exceeded 5 % mark set[ 3 ]. We will write a custom essay sample on The relationship between inflation and unemployment in Vietnam specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The relationship between inflation and unemployment in Vietnam specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The relationship between inflation and unemployment in Vietnam specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Vietnam s economic system is divided into three big sector economic system: agribusiness, forestry and piscaries. In 2008 Vietnam exported about 64.8 billion U.S dollars, of which about 32.1 % of export value was the heavy industry and minerals ; 45.2 % was light industry and handcraft ; 32.5 % were agricultural, forestry and piscaries. During that same twelvemonth, the import value reached 60.8 billion dollars, of which the estimated 30.2 % of imports were machinery, equipment, tools of all sorts and 63.7 % were natural stuffs informations, merely 6.1 % for consumer goods. Vietnam s mean income existent GDP per capita has grown quickly since the state launched the Doi Moi Reform, turning at an mean one-year rate of 5.06 per centum between 1986 and 1997 ( pre-Asian Financial crisis ) and at the higher rate of 5.64 per centum between 1997 and 2009 ( Figure 2.1 ) . Vietnam stood out as one of the fastest turning economic systems in the universe during this period leting it to make the lower middle-income group in 2008 when its per capita income exceeded USD 1,000. And it continues to do important advancement since, despite the recent fiscal crisis [ 4 ] The foreign investor considered that Viet Nam is a 2nd absorbing finish next to China in the Asia- Pacific country. FDI capital have an of import portion in National budget and to assist besides Vietnam economic system higher growing in the last few old ages.[ 5 ] In 2010, the economic growing has estimated at 6.5 % . The growing is the fastest in Southeast Asia but it still inferior China, South Korea, Taiwan and Thailand when they were at similar phases of development. But the monetary value could transcend 12 % in the approaching period, bespeaking the hazard of raising rising prices.[ 6 ] In the close hereafter, Vietnam s economic growing advancement will concentrate mostly ability to pull foreign investing and do a alteration in Vietnam s economic competitory ability. Vietnam will hold to travel tete-a-tete with China in pulling increased sums of foreign direct investing. Part II Inflation Inflation is one of the major challenges to Vietnam s economic system. It is besides the ground for slow growing of the province of the economic system of Vietnam. Inflation is understood as the uncontrolled addition in monetary value. It mean the devaluation of Vietnam currency. Because of the fluctuation of the US economic system, the exchange rate between Vietnam dong against US changed a batch within general increasing tendency which is showed in the figure beside[ 7 ]. As a consequence of that, most of company applied USD in their dealing alternatively of Vietnam dong, particularly in export goods. Beside that, several of Vietnamese individual who want to salvage their money in USD. Both of the grounds make the exchange rate kept traveling up and up. The escalation of monetary value make the consumer monetary value index in Vietnam has besides increase as show in figure following to with lift 1,05 % in October, 2010 by higher monetary values of instruction and nutrient sectors.[ 8 ] It is besides make the cost of goods or merchandises grow up. Viet Nam is one of the most state import really much ( 90 % GDP ) , the higher monetary value of fuel, stuff cause the higher monetary value of goods or merchandises. The company will bring forth less and the monetary value of goods maintain increasing. The rising prices in Viet Nam does non halt fluctuation. It comparative low in the mid-2000s and keeps traveling faster in recent old ages. The rising prices over the bound ( 9 % ) . In 2007, the rising prices is the double-digit rising prices. Between 2008s and 2009s was peculiarly terrible with the highest per centum of inflation- about 25 % . The rising prices is traveling down in 2010 ( 7 % ) because of the authorities policy.[ 9 ] On the other manus, the payment on the authorities is one of the biggest grounds, which cause the rising prices. If the authorities wage more money for goods and services, the money they pay is travel straight into the economic system, which cause the higher demand. Examples: The monetary value of rice export in 2007 go up 15 % from 2006 so the demand of rice export go up. At that clip, the supply can non run into the demand because of the catastrophe or another factors. All factors cause the demand -pull rising prices which makes monetary value of goods, merchandises or services grow up.[ 10 ] Viet Nam is a little economic system in the Asia, but Viet Nam makes an impressive by velocity of economic grow. So that is the ground why Viet Nam must pay for their fast and large success. To forestall the rising prices, the authorities should make many thing to forestall the turning of rising prices. They need to command the money they give to the economy-increase the value of money. On the other manus, the authorities must utilize their power to take down monetary value some necessary things such as nutrient or household usage in other to assist the hapless people and do the balance between demand and supply. Part III Unemployment The unemployment rate in Viet nam is a peculiar job. There are some grounds for this issue. It makes demand and supply of labour unequal, in fact, more supply than demand so that unemployed has rosin. What is unemployment? Unemployment is a statement that economic experts use to stand for all of people who in working age and ca nt happen a occupation or the workers who lost their occupation, but they are valuable for work at current pay rates. Unemployment rate is the figure unemployed expressed as a per centum of the labour force. [ 11 ] The statistics below which shows the unemployment rates in the different urban countries in Viet Nam signifier 1996 to 2008[ 12 ]: The highest rate was about 7 % of Vietnams population in 1998, and the general tendency went up from 1996 1998 and so went down 1999- 2008, except 2009. Most of unemployees are in the large metropolis and major economic country like Ha Noi, Ho Chi Minh metropolis, Da Nang or Dong Nai states. % First, Vietnams population growing has reached 86 million people ( 2009 )[ 13 ], the 6th in Southeast Asia, and besides extremely increase in one-year. Its about 50 % of population are in working ages. It makes the socioeconomic development and making new occupations ever under the force per unit area. Most of Vietnamese workers graduated high school merely. The others who finished college or university with ill qualified to work, or low at proficient accomplishments because Vietnamese instruction system and preparation system has many problems.w Year Population ( million ) Number of people in working age ( million ) 2005 82.4 42.8 2006 83.3 44.0 2007 84.2 45.2 2008 85.1 46.5 2009 86.0 47.7 Figure 2: The relationship between Vietnams population and labour force. Second, the unsuitable population imbalance arrange among vary countries and concern lines.[ 14 ]Most of the immigrant are form the rural countries. They move to lives in the large metropolis where placed tonss of industrial Parkss. It makes the urban population is acquiring crowed. So on, the unemployment rate are ever high. The competition between the houses are the 3rd cause for unemployment. They had competed together in many concern field, particularly in engineering. Therefore, the little 1s will shut down. On the other manus, 1000 of mill has reduced its employees because of planetary economic sciences diminution and the fiscal crisis in 2008. The company can non sell or export their goods and services. Some of them has to halt working and the workers lose their occupation. As a consequence of that, the figure of unemployed workers maintain traveling up. Part IV THE RELATIONSHIP BETWEEN INFLATION AND UNEMPLOYMENT The same with many states all over the universe, Vietnam s Economy besides has the rising prices and unemployment. The unemployment and rising prices have the stopping point relationship with the sensible rising prices rates can do diminish the unemployment rates and advance the economic growing. The Viet Nam economic system was the same with what the Phillips curve show about. In the short tally, when the rising prices rate was low, the rate of unemployment was high and when the rising prices rate was high, the unemployment rate was low. In 2003, Vietnam GDP was less than 7 % with the rising prices rate was 3 % and the unemployment rate was 7 %[ 15 ]. The Government wanted to diminish the unemployment rate around 5 % , so the Government used the pecuniary policy by pouring out the money into the economic system. It increased the money supply and decreased the involvement rates. As a consequence, people were easy to borrow money from the bank because it was inexpensive. The concerns had a batch of alterations to increase their concerns ; they wanted to put more and more ; they hired more people to work for. Therefore, in 2004 the unemployment rate began to travel down approximately 5,6 %[ 16 ], it besides made the GDP increased and reached 8,48 % while the rising prices rate went significantly up about 9,5 %[ 17 ]. We can evidently see in the chart below: EMBED Excel.Chart.8 s