Comparison Websites

Comparison websites are really helpful when trying to get the best deal on things your already buying.

People most often associate comparison websites with car and home insurance but there are comparison websites out there for all kinds of things.

Uswitch is a good comparison website for Mobile phone contracts and often do better deals than even going direct! Uswitch also offer comparision for: gas and electricity; broadband and tv ; personal finance products such as loans and credit cards and a range of insurance products.

There are also other websites such as Money Supermarket, Compare The Market and Go Compare who all offer different comparisons on a range of products, always be sure to check all of the comparison sites as they often have different offers.

Once you have checked all the comparison sites you can also check the cash-back websites to see if they have any better deals, read our article on cash-back websites here.

Save Money On Your Mobile Phone Contract

Mobile phone contracts can be expensive, particularly if you want the latest handset with the best deal. But there is a trick you can use to save money and still have the latest handset and a deal that suits you.

But before I explain how to do this, you need to make sure you know what deal you need. So look at your recent months usage (this can be found on your bills) and see how much minutes, texts and data you use on a monthly basis.

So now the money saving part, did you know when you buy a contract with a phone and a SIM card your paying a premium on the cost of the handset? For Example lets take a look at this deal from EE:

Here you get the latest iPhone 7 32GB with 5GB of data, unlimited texts and unlimited minutes for £50.99 per month on a 24 month contract with an initial handset cost of £9.99.

That means your agreeing to pay £50.99 * 24  + £9.99 for the initial handset costs. The total of which comes to £1233.75!

Now if you were to purchase the handset alone that would cost £599 direct from Apple. this leaves you paying £643.75 over the 24 months for your data, minutes and texts. That works out at £26.45 per month.

On the very same site you can get the following deal for just £25.00

As you can see this deal offers 4 times as much data for £1.45 per month and not only that but your only in a 12 month contract which means you can change your contract in 12 months rather than having to wait for 24 months.

If you shop around and use comparison/Cashback websites you can save even more! Read my article here on comparison/Cashback sites.

 

*Disclaimer*

Offers correct as of 30/04/2017.

 

Referral Links

Referral links are a great way to make money from visitors to your brand, by posting links to products or service that are relevant to your brand this can be useful for your users to show them products and services they will be interested in and also allows you to earn a fee for referring them.

Most established companies offer referral links through affiliate schemes, these can be found by searching the company name followed by affiliate. 

Each affiliate may offer a different payment scheme some give a flat fee for each users you sign up and others give a percentage of earnings from the user you sign up. Be sure to read all the terms and conditions of the affiliate schemes you choose to use as if these aren’t followed you may not get paid and make sure the brands you promote are relevant to your own brand. 

There are also affiliate companies who handle affiliate schemes for multiple companies which can be useful for finding affiliate schemes. One is CJ Affiliate (formerly Commission Junction).

Adding Ads To Your Website/Blog

Once you have regular views on your blog you can start to convert those views to money.

Serving ads to your users is one of the oldest ways to make money online, advertising giants like google allow you to set up Adsense which enables you to add adverts to your website/blog with ease and start making money. 

There are also a number of other providers who will pay you for having their ads on your website. Which you can find on the web.

These advertisements tend to pay either per click or per impression, be sure to read the terms and conditions to understand the payment structure of the advertisements you decide to use.

Always ensure that ads are relevant to your brand, this will help you and the advertiser as it helps the advertiser reach the right kind of people and shows your users content they may actually be interested in. 

Also try to ensure that ads are not to intrusive as this may lead to users using your site less or not at all!

Another less common way of making money through ads is through sponsors, you can ask companies and brands related to your brand if they would like to sponsor your website/blog. This will mean you will sell them some advertisment space on your website for a fixed period of time and they will pay you for this. 

Social Followings – Building A Brand

I’m sure everyone is familiar with social networks, but did you know you can use your followings to make money?
Advertisement is all about reaching people who would buy your products/services. Social media is one of the latest ways companies are using to reach people. After all nearly everyone is on social media right?

So how can you use social media to make money?

All you have to do is create content that interesting, exciting or relatable and gets shared lots. This over time will gain you followers. Once you have enough followers companies will be willing to pay you money to advertise their products/services through your social media.

Initially to build your brand the best way tends to be through your friends and family by asking them to share your content and follow your brand. Hashtags can also be a good way to grow your brand as people will use them to find content they are interested in.

Once you have an initial following, there are lots of different methods to help grow your social media following, one I like is offering a giveaway, particularly one relevant to your brand. The best way to market this is to ask people to share you post and follow your page to be entered for a chance to win a prize related to your brand. By giving away something which is essentially free to enter this means lots of people will be willing to share the post and follow your page. in addition to this as the item you are giving away is relevant to your brand this helps ensure that you attract the right kind of people to your page who will be genuinely interested in your future content.

You can also go down the root of targeted ads using google/facebook or even instagram with promoted posts by people relevant to your brand or paid ads that the platforms provide. Ensuring that you target the right people is very important, this can be done using the platforms targeting tools or by getting a promoted post to someone relevant to your brand. For example if your brand is all about fishing it would be a good idea to get a promoted post from someone well established in the fishing world.

Once you have attracted people to your website/social media site from targeted ads or promoted posts you want to ensure they come back. You can do this by having lots of engaging and interesting content and making it an easy as possible for them to share it with others. If your current user base share your content with others this helps you to get more genuinely interested followers and allows you to follow up with these users to keep them engages. Sharing on social media is one of the most powerful ways to get people to view your content so make sure its easy for people to share, having follow buttons and share buttons on any content you create on blog/website is very important.

Once you have an established following there are many different ways you can convert this to real money, read more here.

Tracking Your Money

Tracking your money is one of the key elements of your personal finance health.
Tracking incomings and outgoings allows you to see where your money is going and how much money you have left over each month. Having this information helps you to see with ease areas you can reduce your spending and increase the money your are putting into investments.

Another important reason to track your money is that it allows you to see your net worth and track how much it will increase by as time goes on. This allows you to see when you will hit key milestones and also help motivate you to keep on track.
You can also use a tracker as a modelling tool to see if certain changes were made to your investing and spending habits what the effects on your net worth would be.

Google sheets is a great place to start, they offer free spreadsheets you can access from anywhere, but MS Excel will do the job as well.

Outgoings

A good place to start is by listing down all your out goings, fixed or variable they all need to be tracked. You should also track your predicted outgoings at least 12 months ahead, this allows you to see if you have any upcoming bills larger than normal and means you can also plan to put money aside for these. Tracking your outgoings helps you to keep on top of your finances and lets you see where you are each month.

Tracking your fixed out goings is fairly easy as these remain the same every month. To track your variable outgoings such as credit cards you can usually find the way the minimum payment is calculated using your statement or by contacting the provider of the variable payment to find out how it is calculated.

Remember to also include costs like petrol and food costs.

Once you have all your out goings listed then you can begin listing your income, if you work a salary job this will be fairly easy. If your income varies then try to make a best estimate.

With this complete you should now be able to easily see your incomings and outgoings and this should allow you to add in things such as saving for holidays in a way which is affordable and manageable. If your outgoings are exceeding your income you can also look at what can be reduced in order to bring them inline. Alternatively you will need to look to increase your income.

Debts

You can also use a money tracker to help see your debts if you have any and track how much your debt is reduced by and also see when your debts will be cleared by. You can also keep track of key dates when promotional offers on credit cards end if you have these, then align these with your out goings so you can plan to put money aside to cover these. Seeing how much your debts will be reduced by can be a great way to see when you could be free from them and keeps you in control.

Savings and investments

You also need to track your savings and investments, this can help you to keep track if you have lots of different investments and also see what their expected growth will be. This will also allow you to see your net worth and expected growth of it so you will know when you expect to hit key milestones!