MONEY AND FINANCE

THINGS THAT MAKE YOU LOOSE MONEY IN THE STOCK MARKET.

2010-01-19T04:39:00.000-08:00

The Stock Market is a place where millionaires are made. its a place where the principle of taking from those that do not have ( The poor and the not too Rich), and give to those who are already rich or extremely rich applies.People do not just loose money in the Stock Market for no just cause or reason. There are a lot of reasons why people loose money in the stock market. These reasons include:

A) IGNORANCE
It has been established that 80% of stock investors, invest based on rumors and not on real and true facts. Ignorance is a major reason why many loose money in the capital market. The world best investor said that he cannot invest in a stock that he does not know their product. How then can you win in a battle that you are not well informed.

B) GREED
If you are greedy, you can never ever make much money inn the capital market because you cannot beat the market always. Greed is another major factor that make investors loose money by shelving their get out price because the price of the stock is going up and they hang on to get a higher price than what they planned for.

C) POVERTY MENTALITY
Most investors mistake their poverty mentality as being smart by dodging to pay for knowledge. Most investors in this category prefer to invest in ignorance instead of paying for vital information that will help them.

D) SENTIMENT
Stocks are not your friend, so do not fall in love with any stock rather, treat them as your slave by using and dumping them when you have achieved what you had in mind while buying them.Buying stocks on sentiment includes buying a stock because you like the stock or to help a friend or relation meet their target. Never buy a stock based on your sentimental feelings.

E) WRONG INFORMATION
when you are not informed, you are deformed and half education is a greater problem compared to illiteracy. Attend seminars, read business magazines and listen to tapes to get informed and do cross check any information that comes your way before making use of it. Also beware of sponsored analysis so you do not fall prey to them.

5 SUCCESS STRATGIES OF MARY KAY ASH.

2010-01-19T04:27:00.000-08:00

We all know that Mary Kay Ash's company employs more than 1.6 million staff in more than 30n countries. we all know that the Queen of cosmetics was born on May 12, 1918.
In fact, we know so much about this lady who revolutionized the business of beauty, but then most of us do not know the strategies that brought Lady Ash fame and fortune. Here in this write up, you will discover 5 strategies that Mary Kay Ash used in becoming extremely successful and wealthy.

1. CLEAR VISION.
The Queen of beauty had a clear vision of what and where she is going to. She started her company with the vision of giving women the chance and opportunity to succeed. This clear vision made her to set goals and strive to reach such goals. This clear vision she had is one of the strategies that made her come tops in a male infested business.

2. PUTTING PEOPLE FIRST.
Looking at Ash's vision above, one will realize that she put people inn front before wealth. She was an apostle of leaders that will add value to people and organization they lead and leaders who work the benefit of others. She instilled the philosophy of operating by the golden rule into her company and her respect for people earned her a loyal and hard working sales team.

3. STRONG MINDED
Success in many cases are failure turned inside out and Mary Kay Ash believes that every failure, obstacle or hardship is and opportunity in disguise. In a male dominated business arena, Ash had her fair share of challenges and refused to back down . Her advice is that you go the extra mile that failure refuses to go.

4. DETERMINATION.
Ash said that she believes that most successful people are ordinary people with extra ordinary determination. She said that many times she failed, many times she was disappointed and she did not quit. It is the setbacks, disappointments and work that her company.She put her best effort with determination into anything.

5. GUT
Mary Kay Ash is full of guts. She stood firm in her beliefs and trusted her guts. She also followed her instincts on her path to success and at time she goes against expert advice. She said that women should change their work to accommodate their beliefs instead of the other way round. Its only guts that made her come tops in the cutthroat business world.

4 WAYS OF GEETING OTHERS TO ADD CONTENT TO YOUR SITE.

2009-12-08T05:58:00.000-08:00

This article can create millions of dollars profit for you if you can apply it.

The tips you are going to come across can be used for blog, site or forum.

When you get others to be consistently adding contents to your site, blog, or forum, your site /blog/forum takes a life of its own. This is the main reason why you should consider allowing others to generate contents for you.

Besides, it saves you some money which you would have spend in buying software to add contents or hiring a ghost writer. It will also save you the time you would have spent writing the articles yourself.

Here are four ways you can get contents in your site, blog or forum without spending a dime or wasting your time for it.

(1). Borrowing Legally:

You can legally borrow contents by using articles from authors who have given you permission to do so, as long as you include their resource box at the end of the article. Again, you can compile free information from public domains and put them on your site or blog. But you have to be sure that what you are compiling is a public domain material. Never ever use a copyright protected material.

(2). Your visitors can create it for you:

Here, you are to set up a system that allows others to add a comment to your site or blog. The contents created through this means are not only free, but is also done automatically without you lifting a finger.

Again, when someone adds a comment, it takes a viral effect because the content creates more pages that are indexed by the search engines and this leads to more visitors, more contents, more visitors and it goes on like that.

(3). Discussion from forum posts:

Forums are where people visit to seek for advice and opinions. When you create a forum for people to interact and network, the posts they made are easily picked up by the search engines and your forum is indexed by these search engines and it brings more traffic for you.

(4). Blog Comments:

This is another powerful way of getting free contents. Allowing visitors to post comments on your blog not only gets easily indexed by the search engine, it also brings more visitors. When setting up your blog, make sure that you allow visitors to make comments.

4 STRATEGIES TO ACHIEVING SUCCESS IN YOUR BUSINESS

2009-12-04T09:27:00.000-08:00

There is no need of reinventing the wheel, if you desire success in your business. The best bet is to find out what other successful businesses did and adopt it.

Here are 4 business strategies and keys to a multinational’s business success for your own success.

(1). TAKE ADVANTAGE OF CUTTING-EDGE TECHNOLOGY.

Do not be afraid to use cutting-edge technology and never ever oppose it. Take advantage of cutting-edge technology and find out how it can help you and your business to achieve you goals fast, easier and costless. Alex Bill, the founder of AT&T took advantage of electricity. Many businesses were raised up directly or indirectly from the use of electricity.

Today in the age of information communication technology, internet is the cutting-edge technology and you need to take advantage of it to push your business up the ladder. For instance, a web store keeps your store open even while you are asleep.

(2). CONTINUE TO INNOVATE:

Innovation will keep you on top of your industry because it allows you to keep on creating new and increasing values and it enables you to improve what you offer your customers/clients. A company that innovates frequently is very difficult to beat in competition. This is so because innovation makes them to be fresh and relevant. The priority concern in your business should be research and development that lets you innovate.

(3). BE READY FOR COMPETITION:

There will always be competition in whatever business you find yourself or you are planning to go into. Other business will be there to offer the same thing as yours in the same market. Even if you do not have a competitor for now, a time will come when will spring up from different angles to overtake you. The best way to prepare for competition is to develop your business to the level of giving the customers nothing but the best at every point in time. Remember, the customer is always right.

(4). UPGRADE YOUR FACILITIES/PROCESSES

The only permanent thing is change and technology changes almost everyday, providing new, effective and efficient ways of running a business. If you fail to upgrade your operations, you may be out of business before you realize it.

ANTIDOTE TO FEAR OF FAILURE

2009-12-04T08:47:00.000-08:00

Th e fear of failure is one of the greatest fars facing the world today. Many at times people do not do what they ought to do because they are afraid of failure. The fear of failure rank pari pasu with fear of rejection anf fear of criticism.
For anyone to be successful, the person must do away with the fear of failure. Robert Edison failed so many times before he discovered electric bulb. One thing thtat kept him on with his experiment is that he never looked at his mistakes as failure rather he looked at it as a result.
So many people have not realized 1/10 of what they are capable of achieving because of the fear of f ailure.
To overcome this monster called 'fear of failure', take these bold steps and your fear of failure will become a thing of the past.
STEP 1: Take a bold action.
Do something that u have been afraid of doing. You don't just take action but to take a bold and decisive action. You can change circumstances or situations. Fear of failure can only be conquered by doing something. So act now and do something.

STEP 2: Never give up.
Persistence is one of the main characteristics of successful people. Keep on trying different approaches or strategies until you get theresult u desire so much.

STEP 3: Never Personalize failure:
Nobody is a failure neither is failure a xterisitc of any individual. It's all about results and outcomes. That you failed to get the desired result or outcome does not make you a failure.

STEP 4: Use different approaches.
When you do one thing the same way all the time, you get the same result as outcome. You need to have a different plan or strategy for anything you are doiing. When you are not getting the result you want, try a different approach.

STEP 5: Don't blame yourself.
Each failure shows u the way a result or outcome cannot be achieved. So why kill yourself? Learn something from your mistake and correct it the next time cos you've kearnt that your former action cannot lead you to your destination.

STEP 6: Learn from your failure.
Failure as an outcome is an opportunity to learn. When you fail, try as much as you can to pick something from the failed venture. Try to identify the mistake, why it happened, how you could have prevented it and how to do better next time. Experience is the best teacher, so learn fron it.

3 Money Making Ideas on the Internet

2009-10-06T04:01:00.000-07:00

1. DOMAIN NAMES TRADER

What do people do when they want to find something on the Internet? If they wanted to find out about Sony TVs, they would type in "Sony" and "TV". The search engine will then display a list of web pages that relate to "Sony TV". Chances are, www.sony.com would come out tops in that list. Imagine now, if Sony did not own the domain name "www.sony.com" but you did. There would literally be millions of visitors who would arrive at your site! That would ultimately benefit you in terms of traffic and it would certainly hurt Sony.

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When people set up a website, they want a domain name that's easy to remember and describes their website. An example would be www.cars.com. Now the problem is that many people have stumbled onto this idea and have started buying any domain name that they think would be popular - like makemoney.com, cheapcomputers.com, onlinemoney.com etc. When people try to apply for these domain names, they find that it's already been taken. They then have the option of either approaching the owner of that domain name to buy over the domain, or to search for another domain name. If the company has the money to pump in, and they really want that domain name, they would make the owner of the domain name an attractive offer. That's basically the gist of Domain Names Trading.

As a domain names trader, you would basically do a search on the Internet for popular terms and buy domain names related to the exact term or combinations of the words in that term. When someone wants a domain name that you own, they will contact you with an offer. Imagine registering a domain name for ten dollars and selling it for a thousand! That's a pretty huge profit margin. To make any real money in this business means having the funds to buy a subtantial number of domain names. Think about it - what if you had bought the domain www.microsoft.com before it became what it is today.

2. AFFILIATE MARKETER.

With the advent of the Internet, millions of people have begun to seek ways to make money online. All sorts of websites have that sell a service or product have an affiliate program. An affiliate basically functions as an online sales promoter for their sponsors. They place banners or text links promoting their sponsor's products on their own websites. Affiliates may be paid based on the actual sales or number of visitors they bring to their sponsor's website. Many affiliate programs are free to join but some require you to be a paid member.

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From the sponsor's point of view, imagine having legions of affiliates around the world who drive traffic to your website! If they have twenty thousand affiliates who each drive five visitors to their site a day, that's a hundred thousand visitors a day - imagine the sales potential! Even if each month 1% of these visitors end up buying a product, that's a thousand sales! For the affiliates, what better way to earn money from your already popular website than to recommend a product that your visitors may need? The ad you place on your website works for you 24 hours a day, 365 days a year! You would be earning money even while you sleep!

How much money you make as an affiliate marketer depends very much on how much traffic your website gets, the quality of the affiliate program and how much effort you put into marketing their product. It sounds like the perfect business - just put a link on you website and wait for people to buy from your sponsors, and collect your commision. The Internet is peppered with stories of affiliate marketers who make five-figure incomes promoting their sponsors products. There's no reason why you can't be one of these success stories!

3. INTERNET MARKETING SPECIALIST.

Many industry leaders predict that in the future, success or failure of a business will depend on a company's online marketing strategies. This is especially so, when one considers the fact that more and more people are depending on the Internet to work, shop and play.

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If you are a creative person with great communication skills, perhaps with some background in marketing and sales, then you could become an Internet Marketing Specialist. Many people have reaped the rewards of combining their marketing skills with knowledge of the Internet and made tons of money in a field that has become a billion dollar industry.

As an Internet Marketing Specialist, you will work closely with your clients, learning what their needs are in order to develop an effective online marketing strategy. You'll be a expert in online marketing, copy writing and web traffic generation. You will know how to adapt traditional marketing techniques to the World Wide Web to achieve your client's target. An increasing number of people are beginning to realize there's big bucks to be made in Internet Marketing, so expect competition from self-proclaimed "gurus" who market themselves as experts. To be different, you've got only one option - show measurable results. Know every facet of your role and learn every new marketing technique. This kind of job is great for self-driven people who love challenges. When you make money for your clients, your reputation will naturally soar!

3 Money Making Ideas in the Real Estate Sector.

2009-10-06T03:44:00.000-07:00

1. APARTMENT LOCATOR.

Everybody moves around, whether it's moving into an apartment near their workplace or college. Living near where you work of study makes perfect sense when you think of all the time and money you can save - no early morning wake up calls, no two-hour long commutes. Finding the right apartment can be a difficult task though, because the good ones can go very fast. If you have extra cash to spare, you can always rely on the services of a real estate agent or agency to find you the right place, but to save on costs, you might want to try people who freelance as apartment locators. These are regular folk who just happen to have a wide network of landlords or apartment owners who need to rent their apartments.

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If you live near a college or in a busy town, there will always be a need for locating apartments. You will basically have a list of apartments that are vacant, and their owners names and contact. You can always browse the classifieds and contacts the owners of apartments and offer to find tenants for them, for a fee of course. You can then leave posters of flyers on notice boards at colleges or grocery stores. Since you will basically be operating as a freelancer from your own home, you can charge very much lower than regular real estate agencies. This will be your most valuable advantage. You will also need to have a flexible schedule to take your clients to the apartment or to meet the owner. Your job is to connect the buyer and seller (so to speak), and you will charge a fee to both the owner and tenant. You never know... if you get really good at it, you could expand to include houses and buildings. Then, you'd really be on your way to making money!

2. FREELANCE MORTGAGE CONSULTANT.

Buying a home is usually the biggest purchase people make in their lifetime. While finding a house can be difficult, finding the right mortgage can be equally difficult. Everyone has different mortage needs. This is especially so since they will need to have additional funds to renovate their homes, furnishing it and the costs involved in moving in. That's why many opt to have a flexible mortgage that allows them to manage their payments. Finding the right mortage is therefore crucial. Comparing the different types of mortgages available can be a daunting and confusing task! Enter you... Freelance Mortgage Consultant.

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As a freelance mortgage consultant, you will not be employed full-time by a bank, but rather, as a 'floater' who will recommend the mortgage that suits your clients needs the best. This may initially take some convincing on your part as you negotiate with the banks to take you on as a freelance mortgage consultant, but when you think about it, having a someone freelance with a lot of contacts is better than a full-timer with hardly any contacts! You will then need to familiarize yourself with all their procedures and forms. Then, armed with all this knowledge, you will be able to provide your clients with the best possible comparison of all the mortgages available. Your knowledge and expertise will be crucial in helping your clients decide which mortgage will best suit their needs. There are various options in how you make your money. You could go purely on the commision from the banks, or partly on commision and a service fee from your clients, as your help them manouvere the often tricky process of applying for a mortgage.

3. REAL ESTATE APPRAISER.

Real estate is a multi billion dollar industry. People buy, sell, rent and refinance apartments, houses, condominiums and land everyday. If you're not directly involved in real estate, it's easy to be lost in the jungle of real estate terms and numbers. What people basically DON'T want is to sell their property for too little or buy for too much. Having said that, it's crucial that the property concerned be valued and that's why appraisers are required.

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Appraisers play a major part in the housing industry so that buyers and sellers alike will have a fair transaction. To be a licensed or certified appraiser, you will be to comply with the appropriate regulations governing this profession in your country. State licenses and fees may need be paid stating you have been educated in the appraisal field before you can become a licensed appraiser.

Your responsibilities would include estimating the value of the home compared to similar homes in or around this area. Taking photographs of the home for files, valuing the home for the bank or insurance company and appraising the value of homes that have been lost to disaster. When you have a reputation for sound judgement and unbiased estimation, people will be queuing up for your services.

3 Money Making ideas in the Financial Sector

2009-10-06T03:30:00.000-07:00

1. Bookkeeping Service

Every business needs to keep track of its income and expenses. This is more so if you are running a business that extends credit to your customers. Without keeping proper record of payments received and expenses, businesses would most likely find themselves in the red in no time. The amount of income and expenses obviously increases as a business grows. The workload involved though, may not justify employing a full-time staff to handle the book-keeping.

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With your skill with numbers, you will take care of the accounts for your client's growing business. You will need to be very comfortable with figures, especially since you are dealing with other people's money. While some companies may allow you to take home their books to prepare their monthly reports, you should be prepared that your client's will require you to go in to their office.

Many businesses these days prefer to outsource their workload to reduced staff costs. Your clients may be sufficiently pleased with your service that even as their business grows, they may also choose to retain you as their accountant.

2. Collection Agency

Most businesses extend credit to their customers these days. A business' competitive edge may depend on the length and amount of credit they are willing to give their customers. This also poses a problem for them especially when customers do not pay on time. While there may be legitimate reasons to delay payment, problems will arise if customers seem indifferent to the situation and refuse to pay up. When this happens, businesses may turn to you for help in collecting payment.

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You will need to rely on many 'creative' ways - short of doing anything illegal - to persuade the debtors to settle payment. While this money making opportunity may seem as one that is shady, it is actually a service very much needed by businesses. Assuming a substantial amount is owed to the business, the owner may prefer to give you a hefty proportion of this amount - perhaps up to 50%, depending on your mutual agreement - rather than having to write it off as a bad debt.

Your responsibilities will include contacting and setting up payment agreements with non-paying people and in turn, paying the business the amount agreed upon. You'll need to be familiar with the laws in your state governing debt collection - what you can and cannot do - and know when to draw the line in your endeavours to retrieve the debts. There are even women who have been successful in this business so don't be put off even if you are of the fairer sex. Perhaps, a ladies' approach is what is needed to be successful in this business.

3. Cost Reduction Consultant

At the end of the day, businesses are concerned about one thing - the bottom line. Obviously, without profits, there would'nt be any reason to do business. During good times, when business is booming, many companies find themselves more lenient with their expenses. However, when business gets scarce or competitors have begun to take a business' share of the market, companies start realizing the need to be prudent and find ways to save. Many times, because the companies people are so used to the way things are run in the company, they fail to see better, more cost effective methods of doing the same processes. These become habits that prove to be costly in the long run.

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On objective view of the cost saving measures taken by the company is needed from an independent party. This is where you come is as a Cost Reduction Consultant. You will be someone who has extensive knowledge of work processes both in the office as well as factories. Experience as a Quality Assurance Manager or ISO Specialist will help you look at the entire organization to find ways to cut costs.

You will be someone who's alert to his surroundings, with a sharp eye for detail. You will notice things that others missed, for example, why a certain grade of paper is used when a lesser quality one would suffice. A well known company once decided to get rid of 90% of their waste baskets. This had the effect of a drastic reduction in errors, which translated into higher profits. If you have that kind of a critical yet innovative mind, many companies will be turning to your to bring their companies back into profit.

Investment Attorneys

2008-11-25T12:22:00.000-08:00

How is it possible that trash Companies are posting less than expected results? Trash Companies are thought of by prudish investors as some of the safest stocks to own. Ask Warren in his Buffet of Essays on Corporate America. Companies which service the needs of the people tend to stay afloat longer and respond very little to economic down turn. Most investment advisors and attorneys would agree. And anyone who has ever stopped to ponder the idea of recession proof businesses would inevitably put Trash and Refuse companies at the top of the list. What other companies? Environmental Companies, Security Companies, Cigarette makers, vice industries (gambling, drinking, risqué type businesses).
We had put together a list last year for our own company of industries during the recessions which were safest to do services for without being strung out on accounts receivables or having companies file bankruptcy on us. We are in the cleaning business and only got burned by a few such industries we had put on the list. Yes all those listed and about 23 others were on the said list in a Memo we call “Letter’s from Lance” copying the Michael Dell theory of management and personal contact to each and every member on the team, his of course discussed in his book, “Dell” by Dell. He called them ‘Messages from Mike’.
If you are wondering how a guy who washes cars can have so much data output, realize we do these discussions from the top of our heads, so it is merely a fact of putting into key strokes, the data is data from past experiences, knowledge and insight from reading many different and unique sources as to never be jaded by Corporate Propaganda, Media Hysteria, here say or rumors. Before you call your investment attorney to sue the trash company for their forward looking statements, think about the changes in that industry. Also understand that 23% to 40% of their business comes from commercial accounts not residential accounts, thus during a recession it may not always be the safest bet, but all in all not a bad bet. If you want further advice call; Jim Kramer on Mad Money; let him tell you. Think about it.

Accidental Death Insurance

2008-11-04T03:55:00.000-08:00

Death cause by accidents includes anything from an injury but will not cover suicide and health problems that resulted in death. This type of life insurance is a lot cheaper because it only cover accidents. This is commonly known and offered as AD&D policy.
If ever you plan to buy into these types of life insurance you have to make sure you read every detail of the terms of the policy. Professional athletes and people involved in flying and parachuting are often times excluded. It also excludes death and injury caused by proximity. So if are close to racing on wheels and mountaineering you have to consult with your insurance agent about this.
AD&D can be purchase separately or you can purchase it as a rider to your standard life or health insurance policy. As you can read its name states exactly what it covers, accidental death and dismemberment. But there are some limitations to this coverage. There is no shortness on where you can buy this insurance as it almost always comes from your junk mails.
It is of extreme importance that you thoroughly read and understand the stipulations and terms of the policy. Some forms of death may not be covered. For instance, if you are in surgery and die, a bacterial infection, mental or physical illness or have drug overdose that results in your death, you will not be covered by accidental death and dismemberment. As always emphasized, read the fine prints.
Statistics on fatal accidents are grim reminder and nothing can really prepare you and your family should the unthinkable happen. But you and your family can be protected with accidental death insurance.
In some instances where it is stipulated in the policy, your beneficiary or you will get a payout of twice or even three times. A lot of these major life insurance companies do offer double or triple payouts in case of accidental death. So always make sure to find the best deal for your buck. And for the most part these are not that expensive.
Statistics on fatal accidents are grim reminder and nothing can really prepare you and your family should the unthinkable happen. But you and your family can be protected with accidental death insurance. There is a type of limited life insurance that is designed to cover the insured if their death is caused by an accident called accidental death insurance.