how to set up a sweep course

by Prof. Johnny Altenwerth DVM 8 min read

Right-click Study 1 and click Parametric Sweep, which adds a node where you can set up a parametric sweep In the Study Settings window, click the plus symbol and, in the drop-down list, choose the parameter DV In the Parameter value list field, write “1 2 3 4 5”

Full Answer

Where can I set up a sweep account?

As mentioned, you may be able to set up a sweep account at your bank or your brokerage. Sweep accounts at banks can be linked to personal and business accounts. At online brokerages, you may have the option to attach a sweep account to a taxable brokerage account or an individual retirement account .

What is a brokerage sweep?

Every brokerage account has what is called a "sweep" feature or sweep account. It can be both a benefit or a detriment depending on how you use it and what options you selected when you set it up. When you setup a new brokerage account, you usually have to assign what you do with your cash. This is called the sweep.

What are the benefits of having a sweep account?

You can earn a steady annual percentage yield (APY) and the money remains easily accessible in case you need to transfer it back to your main account. Depending on the bank, you may or may not pay a fee to have a sweep account as part of your banking package.

What are the different types of sweep accounts?

There are a few types of sweep accounts that you may be able to use whether for your individual finances or your business finances. You can have a loan sweep account, as mentioned above, or one that sweeps money into a money market account.

What is the first step to creating a successful sweepstakes?

So your first step to creating a successful sweepstakes is to identify something you can attach your campaign to.

How to ensure a successful sweepstakes?

The best way to ensure a successful online sweepstakes is to attach it to something that your target market is already thinking about.

How to turn entrants into sales?

The best strategy for turning entrants into sales is with a limited-time discount exclusive to them. Be sure the discount or coupon is valid specifically for what they wanted to win (if your prize was a women's shopping spree, don't create a coupon for a men's wallet). And be sure, as well, that the discount is actually available for a limited time.

How to drive people to sweepstakes?

The best way to drive new people to your sweepstakes is by encouraging your existing contacts to share the campaign on your behalf. And the best way to do that is with a Share incentives.

What is the best prize to give away in a sweepstakes?

The best possible prize you can give away in your sweepstakes is your own product or a gift card so people can buy your product. "Prize valued at $500" is great, because (to you) the actual prize value is significantly less. If you give away a MacBook, the prize value is actually what you spent on it….

Why do you advertise sweepstakes?

The benefit of advertising your sweepstakes is that you're able to target exclusively those social media users who aren't already Fans or customers. This means that every dime you pay (and you only pay when people click on your ads) means you're reaching a new prospective customer.

Why don't people enter sweepstakes?

Most people don't enter an online sweepstakes because they love the brand or are super excited about giving people their contact information. They enter because they want to win the prize. So, you have a quick brainstorm session and you come up with something that people will love.

How long is the line sweep course?

This is an excellent way to prepare for the instructor-led Certified Line Sweep course or as an introduction to line sweeping. The eLearning course takes 3 to 4 hours to complete. THIS IS NOT A CERTIFICATION COURSE.

Can you take online courses at your own pace?

Online courses allow you to complete the course at your own pace (see restrictions below).

First Things First

You need more than a brush and a ladder to start your own chimney sweep business. There are several first steps you’ll need to make before you start providing chimney sweep services to your friends and neighbors. They include:

What Does A Chimney Sweep Do?

A chimney sweep keeps horrific house fires from happening. The goal of all the steps a chimney sweep takes in inspecting and cleaning chimneys and flues is to prevent dangers from happening, which may cause life and property damages.

What Are The Dangers In A Chimney Sweep Business?

Being a chimney sweep does carry with it some dangers to a technician. Working from rooftops comes with the job description, so falls are a hazard of the occupation.

Benefits Of Starting A Chimney Sweep Business

Residential chimney sweep service should usually take about an hour. According to HomeAdvisor, a basic chimney cleaning by a chimney sweep will cost between $128 and $375, depending on the amount of cleaning required.

How Chimney Sweep Service Helps Homeowners

Homeowners could always try cleaning their own chimneys, but that could be hazardous. The tools needed, coupled with the skills and experience required, would make chimney cleaning a foolish do-it-yourself project. Chimney sweep service is best provided by a trained professional.

Tools of the Trade

Starting with the right tools for a chimney sweep business will add quality to your service while making your jobs easier. Here are some of the tools you’ll need.

Chimney Sweep Software

If you are starting a chimney sweep business, the first thing to learn is that your time is valuable. The time you spent in the office struggling with billing and invoices could’ve been the time for you to focus on your business and earn money.

How to open a sweep account?

If you’d like to open a sweep account at a bank, you can first check to see if they’re offered by your current bank. If not, then you’d need to shop around at both traditional and online banks to find one that offers sweep accounts for new customers. The same goes for sweep accounts at brokerages. If you don’t have an online brokerage account yet, opening one is fairly easy. Depending on the brokerage, you choose, you may be able to open an account with a low minimum deposit or no money at all. You’ll just need to deposit money before you can start investing.

What is sweep account?

A sweep account is a special type of account that can be linked to a bank account or brokerage account. These accounts are designed to maximize funds that may be sitting idly by transferring or “sweeping” them into a higher yield investment option automatically. For example, your sweep account may push unused cash into a money market mutual fund ...

What happens if you sweep money into a high yield savings account?

If funds are swept into a high yield savings account or money market account, for example, that cash isn’t exposed to market volatility. You can earn a steady annual percentage yield (APY) and the money remains easily accessible in case you need to transfer it back to your main account.

How to get a quick overview of your investment?

One way you can get a quick and relatively accurate overview of your investing is by taking advantage of a free, easy-to-use investment calculator.

Can you sweep money to a mutual fund?

For example, instead of a money market deposit account, your uninvested cash may be swept to a money market mutual fund or a cash management account. The goal is the same: helping you earn more interest on money you’re not actively investing. Depending on the brokerage, you may be able to use a sweep account to hold:

Do sweep accounts charge commission?

While many online brokerages have adopted a $0 commission fee model when it comes to trading stocks and ETFs, they can still charge other fees, including fees for sweep accounts. Reviewing the fine print on sweep accounts can help you understand what you’ll pay to maintain it. If the money in your sweep account is invested in money market funds or ETFs, it’s also important to check out the expense ratios for those so you know what they’ll cost to own annually.

Is a sweep account good for investing?

The money will continue earning interest while you decide what move you’d like to make next. Of course, timing the market isn’t an exact science and it’s possible that you could get it wrong. But having a sweep account on standby may be reassuring if you generally have a lower risk tolerance when it comes to choosing stocks or other investments.

What is a sweep account?

Every brokerage account has what is called a "sweep" feature or sweep account. It can be both a benefit or a detriment depending on how you use it and what options you selected when you set it up. When you setup a new brokerage account, you usually have to assign what you do with your cash. This is called the sweep.

How to earn interest with cash outside of sweep account?

To earn some interest with the cash outside of a sweep account, you would have to invest in a money market fund. Third, many brokerages are now allowing you to set their money market fund as your default for the sweep account (but you have to make that choice)!

What are the benefits of a sweep account?

First, most sweep accounts are FDIC insured, which provides your cash with a level of protection. Second, you can earn interest on the money in the sweep. If the money just sat in your brokerage, chances are you would earn nothing.

Why are sweep accounts so profitable?

You may wonder why? Because most individuals don't set them up correctly, and as a result, the firm pays you nothing on you cash.

Does sweep work on brokerage accounts?

It is important to note that the sweep feature is only available on standard brokerage accounts. If you have a retirement account, you need to look at how your cash is being handled in the account.

Do dividends go into sweep account?

Also, if you elect to have dividends paid in cash, they will sweep into the account. The great thing about the sweep account is that when you want to buy more securities, the cash is automatically swept back into your brokerage to buy the securities.

How does a sweep account work?

So, how exactly does a sweep account work? Let’s say you have a sweep account with a minimum sweep amount of $5,000. Any time your balance exceeds $5,000 at the end of the business day, the amount in excess will automatically be transferred to the designated account with the higher interest rate. So if you end the day with $7,000, $2,000 will be transferred.

Why do businesses use sweep accounts?

The convenience of sweep accounts is especially ideal for busy business owners who don’t have time to constantly monitor their checking account so they know when to move funds. A sweep account is an easy way to make your money grow without having to add another to-do to your list.

Why do we have sweep accounts?

Helps you earn interest on your money: If you have excess funds just sitting in a checking account, a sweep account allows that money to be transferred into an interest-earning account.

Is it bad to sweep money?

Of course, there are some downsides to sweep accounts. Primarily, if you need to move money back into a checking account from a sweep account, there may be delays that lead to cash-flow challenges. You may also have to pay fees, which could end up being higher than the interest you earn, especially if you incur penalties from withdrawing funds early from certain interest-bearing accounts ( like a CD ).

Do you need to monitor how much you spend on sweepstakes?

Both individuals and business owners will want to monitor how much they’re spending in order to actually benefit from having a sweep account .

Can you use a sweep account to pay back a loan?

Sweep accounts can also be used to pay back loans instead of earning interest. The same process applies, except instead of funneling the excess funds into an investment account, the excess money in your checking account will be put toward loan payments. This process can make it easier and faster to pay off debt. If your checking account dips below the preset threshold, though, you will have to pull from a line of credit to replenish the funds since you can’t take your loan payments back. 2

image