After a ban on baked goods, city public schools were left with the option of selling "healthy" treats like Pop Tarts and reduced-fat Doritos for a boost in revenue. Except that isn't exactly working either. Due to a dispute between the Department of Education and the City Comptroller, commissions from at least $540,000 in profits have been kept from the schools.
The Comptroller's office says the DOE was hasty to install the vending machines before they had a chance to investigate possible collusion between the vendors, Answer Vending and CC Vending. A spokesman told the Post, "We will not register any contract that does not meet all legal, procedural and fiscal requirements." But the DOE says the Comptroller has unnecessarily delayed approving the contracts, which could put the city's children in danger of being utterly snackless.
School officials are griping being stuck in the middle of the vending war, and just wish they could get their hands on the 25% of proceeds they were promised. Bayside High School PTA Co-president Dave Solano said, "If they're not getting the schools the money, but the vendors are getting access to the schools, that's not right." A Brooklyn principal wishes they could go back to the way things were, when the school was making $1,000 from a contract with Snapple. Of course, nobody would have to worry about contracts if kids could just hold bake sales, but then they'd get fat! (Though it's not like their parents would notice.)
James Altucher is a columnist for DailyFinance. He writes for The Wall Street Journal, was the founder of StockPickr, and formerly wrote and appeared in videos at TheStreet.com. He is the author of numerous investment books, including Trade Like A Hedge Fund and Trade Like Warren Buffett.
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After a ban on baked goods, city public schools were left with the option of selling "healthy" treats like Pop Tarts and reduced-fat Doritos for a boost in revenue. Except that isn't exactly working either. Due to a dispute between the Department of Education and the City Comptroller, commissions from at least $540,000 in profits have been kept from the schools.
The Comptroller's office says the DOE was hasty to install the vending machines before they had a chance to investigate possible collusion between the vendors, Answer Vending and CC Vending. A spokesman told the Post, "We will not register any contract that does not meet all legal, procedural and fiscal requirements." But the DOE says the Comptroller has unnecessarily delayed approving the contracts, which could put the city's children in danger of being utterly snackless.
School officials are griping being stuck in the middle of the vending war, and just wish they could get their hands on the 25% of proceeds they were promised. Bayside High School PTA Co-president Dave Solano said, "If they're not getting the schools the money, but the vendors are getting access to the schools, that's not right." A Brooklyn principal wishes they could go back to the way things were, when the school was making $1,000 from a contract with Snapple. Of course, nobody would have to worry about contracts if kids could just hold bake sales, but then they'd get fat! (Though it's not like their parents would notice.)
James Altucher is a columnist for DailyFinance. He writes for The Wall Street Journal, was the founder of StockPickr, and formerly wrote and appeared in videos at TheStreet.com. He is the author of numerous investment books, including Trade Like A Hedge Fund and Trade Like Warren Buffett.
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After a ban on baked goods, city public schools were left with the option of selling "healthy" treats like Pop Tarts and reduced-fat Doritos for a boost in revenue. Except that isn't exactly working either. Due to a dispute between the Department of Education and the City Comptroller, commissions from at least $540,000 in profits have been kept from the schools.
The Comptroller's office says the DOE was hasty to install the vending machines before they had a chance to investigate possible collusion between the vendors, Answer Vending and CC Vending. A spokesman told the Post, "We will not register any contract that does not meet all legal, procedural and fiscal requirements." But the DOE says the Comptroller has unnecessarily delayed approving the contracts, which could put the city's children in danger of being utterly snackless.
School officials are griping being stuck in the middle of the vending war, and just wish they could get their hands on the 25% of proceeds they were promised. Bayside High School PTA Co-president Dave Solano said, "If they're not getting the schools the money, but the vendors are getting access to the schools, that's not right." A Brooklyn principal wishes they could go back to the way things were, when the school was making $1,000 from a contract with Snapple. Of course, nobody would have to worry about contracts if kids could just hold bake sales, but then they'd get fat! (Though it's not like their parents would notice.)
James Altucher is a columnist for DailyFinance. He writes for The Wall Street Journal, was the founder of StockPickr, and formerly wrote and appeared in videos at TheStreet.com. He is the author of numerous investment books, including Trade Like A Hedge Fund and Trade Like Warren Buffett.
Read More
eric seiger dermatology
Dr. eric seiger
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So far the world has seen unprecedented changes owing to the fast technological advancements and in particular the internet technology. The revolution has resulted to numerous money making opportunities never envisioned before. Now to individuals and businesses actively engaged in work and business activities over the internet, online money making has at least become a reality. The volume of transactions completed over the internet on daily basis has increased over the last ten years at a rate that has surpassed our expectations. This has undoubtedly immensely contributed to the world economy by creating business opportunities, opening the global market and even addressing the problem of unemployment in many countries around the world.
Online money making at this age of the information superhighway that is characterized by pervasive computing capabilities, has become possible partly because of the low cost of transactions and the need to conduct business across territorial borders. Briefcase companies, that is companies that do not have any physical presence, now have the potential to make a lot money than most of the biggest brick and mortar or even brick and click businesses. The online business platform to a large extent offers equal money making opportunities that do not discriminate either small or large businesses.
To start operating online, businesses have to consider the viability of their idea, that is whether the product or service they would like to sell online is going to fetch market globally, or can practically be offered online. The other most important step is to design a Web site where the online store of the products or services will be accessible to potential buyers who visit it. A merchant account has to be created with an online payment system and integrated into the Web site in order to allow the online buyers to pay with credit or debit cards.
Other money making opportunities will be created by Web sites that serve as online marketplaces, for example ebay.com. Such Web sites allow sellers and buyers to create accounts and participate in online bidding for products and services. Millions of transactions are completed on daily basis in such Web sites as the opportunity has allowed many sellers and buyers to competitively participate.
Since not all Web sites have online stores for goods and services that are exchanged for money, many Web sites have also been set up by third parties who mainly offer services required to facilitate online transactions. The architecture to facilitate online payments to merchants in many cases is provided by third parties in order to allow vendors to specialize in their core business activities for more efficiency. Other Web sites would even provide free services such as email, with their main objective being to build an online traffic they can target with paid advertisements. Similarly through affiliate marketing programs, many Web sites have managed to make a lot of money. The strategy works by setting up Web sites that purely provide free information to serve particular audience interests. Online visitors searching for information to serve their interests would then be directed to the Web site by a search engine, and soon the Web site would build a large traffic. The Web site can allow free subscription in order to build a profile for their online visitors and gather statistics so as to know their numbers in a given period of time. Statistical counters may have to be built and integrated into the Web site for that matter. The profiles and the figures of the online visitors is what the Web site would use to win the relevant advertisers of other Web sites that sell products and services. For instance if a Web site is providing sports information they would run advertisements that promote sports wear and sporting equipments. Because of properly targeting an audience interested in sports, the advertisement has higher chances of leading the information seeking visitor who is also a potential buyer, through a link into the selling Web site where they may decide to make a purchase. The selling Web site would then pay the affiliate Web site mostly on commission basis for facilitating the transaction. Other Web sites make money through paid subscriptions of information services and advertising. Subscribers to such Web sites are regularly sent email messages with information of their interest and advertisements paid by their owners as well.
Recognizing the global high unemployment rates as well, Web sites have been setup to link potential employees and employers. They allow each to create an account for profile on the Web site that can easily be searched when looking for jobs or hiring. Currently, some Web sites have become popular by allowing those with skills and competence in particular fields to complete projects posted on the site by clients. This is normally done through a bidding process in order to win projects from clients. All seeking to bid or post projects will be required to open accounts on the sites in order to facilitate the transactions. The sites main source revenue would be charging the transacting parties.
Despite challenges of legislation and insecurity that characterizes the online transactions, particularly regarding the payment systems, online money making opportunities continue to emerge at a fast rate and soon all the business may just be conducted online.
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