"Hesitation, when one is confronted with a great business idea, is without a doubt, the single largest obstacle to wealth. It is only through dynamic action and financial risk that great fortunes are amassed and multiplied." J.P. Morgan
Take responsibility for the choices you've made in life. No matter where you're at, accept that you are where you are as a result of your choices. Then you can effectively move on to finding your passion, fulfilling your dreams and earning multiple streams of income. I know of highly intelligent, highly educated people who will not take that first simple step. They are "stuck" in jobs they can't stand, emotionally bankrupt, and in some cases financially bankrupt, too. Mired in self-pity and constantly blaming others they will never achieve their dreams. So….let's move on to more strategies I learned from that Las Vegas seminar taught by self-made millionaires.
1. Burning desire and personal motivation. Whether you want to achieve overall career success or small business success, you must have a burning desire for whatever it is you want to achieve. Because there will be too many roadblocks and detours along your path. And unless you're fueled by passion, it's too easy to experience overwhelm, lose focus and just plain give up. I love coffee (as I write this I'm sitting outside Starbucks!) but as I do more and more of the work I enjoy, i.e., recording CD's and writing an e-book, my need for caffeine has diminished. I'm fueled by passion, purpose and helping others. It's easy for me to work late into the night. Of course, it's also easier when you have a dog and no small children. You get the point. Ask yourself, if you won $50 million in the lottery, what would you do for work even 10 hours per week. Assume you've already traveled everywhere and bought everything you could want.
2. Hire a motivation or success coach. One of the main reasons businesses fail is lack of planning and lack of focus. Another reason is procrastination. Procrastination is the result of fear. If you're having difficulty getting started, hire a motivation coach to push you past the pain of procrastination and into facing your fears. The investment can cost money in the short term but be well worth it once you start seeing results. Every one of the self-made millionaires this past weekend said early on in their career they hired a success team of coaches, tutors, accountants, attorneys and others who could assist them. The message was "don't try to do everything on your own." You will feel overwhelmed, procrastinate and fail. So where do you find the finances to hire these experts?
3. Offload your stuff. Get rid of the "things" and frivolous expenses that are holding you back. Many self-made millionaires advise this. If you're objecting to hiring a team of experts because you don't know where the money will come from…what can you sell? Many people have items they want to get rid of but aren't sure how to post these items with online websites like EBay or Craig's List. Enlist the help of a friend or expert in this area. Find a way fast to get rid of your credit card debt if you have any. The percentage of Americans with debt is shocking.
4. Your comfort zone is your money zone. This is a cliché, but feel the fear and do it anyway. Be willing to be terrified. To make it easier, find out where you are weakest and grow in those areas. Surround yourself with positive supportive people who've achieved professional success. People who can advise you on how to overcome your obstacles.
5. Take action. Goals are nothing without action. Write your success goals down. Make them specific, measurable and realistic. Keep them in your wallet. Write affirmations for your goals. Tape them to your bathroom and living room mirror, bulletin board and refrigerator. Look at them daily. Tape positive affirmations and play them in your car upon arising in the morning, and just before going to bed. Your subconscious mind is most amenable to suggestion first thing in the morning and last thing before going to bed. One gentleman at the conference went from being $90,000 in debt (which he paid off) to earning hundreds of thousands a year with this technique. Bombard yourself with positive messages until you believe them.
The main thing to do is get started. Do something. Do anything that will bring you closer to the personal and professional success you desire. These proven techniques will work for you in achieving greater happiness and fulfillment in any area of your life – if you apply them. Read the right books. Spend the majority of your time with people more successful than you. Hire a success team of experts. Learn the new skills you will have to learn in order to make your dream happen. To stretch into a new money zone, remember you must stretch out of your comfort zone.
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Tuesday, November 28, 2006
The Start Line Of The FOREX Tradeology
The foreign currency exchange market is available for people from all over the world. More and more people take their first steps in FOREX trading, contributing to its volume and making it viable and easy to use for the ordinary individual, in contrast to only a few years back when only pros, hedge funds, major banks and institutional traders used the FOREX market. The key explanation for this turn of events is the Internet which dramatically increased accessibility. Almost all firms are now offering, free or in return for signing-up, easy to operate software for online FOREX trading.
Traders’ essential goal in FOREX is to estimate which currency will increase in worth against a different currency, and so getting a hold of a method which helps you to foresee future movements can help you in gaining a nice fortune. Realizing the fact that you are always trading by a ratio between two currencies should clarify the cause for seeing these letters arrangements: EUR/USD, USD/JPY, and GBP/USD etc. The five most important and highly popular currencies are the US Dollar, Japanese Yen, British Pound, Euro and Swiss Franc.
The FOREX market is open 24 hours a day; major firms keep brokers working shifts uninterruptedly so people from all over the world can trade always. This is attributable to the fact that nowadays most trades are carried out through company brokers.
Fear not, you can rest well at nights and even enjoy a day off every once and a while without being logged-on the FOREX market 24/7. All you have to do is give your broker your “stop-loss” / “stop-orders” to buy or sell currency once they have reached a certain price, thus preventing major losses.
The FOREX is considered to be a solid market. Nothing like the stock market which is highly unstable, this market is friendly and easy to comprehend. Another plus is that it has high liquidity which grants you the prospects of getting your money in or out at any given time. Be careful though, even when the FOREX seems like a playground to you, please seek your broker or another pro-trader’s counsel before getting involved in this market unless you have a lot of money to spend that you don’t really need. The big boys of FOREX would not care too much about seeing you lose all your life savings.
Traders’ essential goal in FOREX is to estimate which currency will increase in worth against a different currency, and so getting a hold of a method which helps you to foresee future movements can help you in gaining a nice fortune. Realizing the fact that you are always trading by a ratio between two currencies should clarify the cause for seeing these letters arrangements: EUR/USD, USD/JPY, and GBP/USD etc. The five most important and highly popular currencies are the US Dollar, Japanese Yen, British Pound, Euro and Swiss Franc.
The FOREX market is open 24 hours a day; major firms keep brokers working shifts uninterruptedly so people from all over the world can trade always. This is attributable to the fact that nowadays most trades are carried out through company brokers.
Fear not, you can rest well at nights and even enjoy a day off every once and a while without being logged-on the FOREX market 24/7. All you have to do is give your broker your “stop-loss” / “stop-orders” to buy or sell currency once they have reached a certain price, thus preventing major losses.
The FOREX is considered to be a solid market. Nothing like the stock market which is highly unstable, this market is friendly and easy to comprehend. Another plus is that it has high liquidity which grants you the prospects of getting your money in or out at any given time. Be careful though, even when the FOREX seems like a playground to you, please seek your broker or another pro-trader’s counsel before getting involved in this market unless you have a lot of money to spend that you don’t really need. The big boys of FOREX would not care too much about seeing you lose all your life savings.
5 Ways A Home Business Can Save You Money
When most people think of starting their own home business, they think of the income potential, the amount of free time that they will have to spend with family and the flexibility of making their own schedule. What if there were even more benefits to working at home? In fact, what if a home business could actually save you money in a big way? Five big ways, to be exact.
Gasoline. With gas prices fluctuating and, at times, being so expensive that colleagues are often forced to carpool, it’s no surprise that entrepreneurs who work at home will save big bucks in this area. If you aren’t commuting to work everyday and back home again, you could end up saving several hundred dollars each month just by having a home business.
Car mileage & repairs. The more you are on the road, the more miles your odometer records. Automobiles with high mileage often command lower resale and/or trade-in value, but may also wear out faster simply because of excessive use. When you travel a lot, your vehicle is more susceptible to flat tires, worn brakes and other needed repairs resulting from the everyday use of a vehicle. What if the only places that you had to go included common errands and recreational outings? Rather than racking up miles and risking a flat tire going to work, home-based entrepreneurs put the car in park and walk to the office.
Clothing. Have you ever gone on a job interview and found out that the company required a uniform or specific dress code for employees? Quite often, a new wardrobe isn’t on the forefront of someone’s mind when they are searching for a job. Instead, meeting important family and household expenses are among the leading reasons why most people apply for employment. For those who choose a home business, there are no dress codes, no uniforms and no specific shoes that need to be worn. In fact, you can show up to work in your favorite t-shirt and shorts if you so desire.
Lunch. If you are a full-time employee, then you probably get a lunch break. Unless you bring your own, you will be dining out a lot. Whether you choose a fast food or casual restaurant, a daily lunch bill can really add up. Although you still have to eat lunch if you work at home, you will save a considerable amount of money by eating in.
Childcare. In families where both parents work and a child is too young for school, childcare expenses are a natural part of life. As many already know, hiring a babysitter or enrolling your little one in a daycare facility doesn’t come cheap. More importantly, most parents would prefer that one of them be at home to take care of the child themselves. With household expenses and everyday bills, many families struggle with making this dream into a reality. A home business may be the answer. Why? Because it allows for one or both parents to work at home and be there to care for their children while still earning income. Not only will this result in financial savings, but will give everyone peace of mind in knowing that their children are being properly cared for.
As you can see, there are a number of ways that a home business can save you money. When you add each of these five options together, just think of the extra cash that you will have on hand for taking a family vacation which, by the way, a home business allows you the freedom to do.
Gasoline. With gas prices fluctuating and, at times, being so expensive that colleagues are often forced to carpool, it’s no surprise that entrepreneurs who work at home will save big bucks in this area. If you aren’t commuting to work everyday and back home again, you could end up saving several hundred dollars each month just by having a home business.
Car mileage & repairs. The more you are on the road, the more miles your odometer records. Automobiles with high mileage often command lower resale and/or trade-in value, but may also wear out faster simply because of excessive use. When you travel a lot, your vehicle is more susceptible to flat tires, worn brakes and other needed repairs resulting from the everyday use of a vehicle. What if the only places that you had to go included common errands and recreational outings? Rather than racking up miles and risking a flat tire going to work, home-based entrepreneurs put the car in park and walk to the office.
Clothing. Have you ever gone on a job interview and found out that the company required a uniform or specific dress code for employees? Quite often, a new wardrobe isn’t on the forefront of someone’s mind when they are searching for a job. Instead, meeting important family and household expenses are among the leading reasons why most people apply for employment. For those who choose a home business, there are no dress codes, no uniforms and no specific shoes that need to be worn. In fact, you can show up to work in your favorite t-shirt and shorts if you so desire.
Lunch. If you are a full-time employee, then you probably get a lunch break. Unless you bring your own, you will be dining out a lot. Whether you choose a fast food or casual restaurant, a daily lunch bill can really add up. Although you still have to eat lunch if you work at home, you will save a considerable amount of money by eating in.
Childcare. In families where both parents work and a child is too young for school, childcare expenses are a natural part of life. As many already know, hiring a babysitter or enrolling your little one in a daycare facility doesn’t come cheap. More importantly, most parents would prefer that one of them be at home to take care of the child themselves. With household expenses and everyday bills, many families struggle with making this dream into a reality. A home business may be the answer. Why? Because it allows for one or both parents to work at home and be there to care for their children while still earning income. Not only will this result in financial savings, but will give everyone peace of mind in knowing that their children are being properly cared for.
As you can see, there are a number of ways that a home business can save you money. When you add each of these five options together, just think of the extra cash that you will have on hand for taking a family vacation which, by the way, a home business allows you the freedom to do.
5 Easy Steps to an Automated and Lucrative Online Business
We’d all like to have an online business that’s not only financially successful but can run itself and consistently pull in multiple streams of income. But how do you go about this and where do you start? Well here are 5 easy steps.
1. Get It Going. There’s no step more important than this. Plenty of businesses are fully automated and can run themselves, but they can’t start themselves. You need to take action and start your business, and the time to take action is right now.
But first, remove the 2 negative thoughts that might hold you back. The first negative thought that people worry about the most when starting an online business, is about not being perfect. So put that thought straight out of your head. No one’s perfect and no one expects you to be. You don’t have to get it right, you just have to get it going.
The other thing is criticism. Sure you’ll get it, you just have to learn to deal with it and not worry about it. So what if people criticise you? You’re getting it going and that’s the only thing that will drive your business forward to success.
2. Do a 12-product survey. You need to get 12 different products to sell to see what people are mostly buying. These products don’t have to be great or expensive, they just have to be diverse enough in content to see what most people want and then you can get more similar products to the more popular ones.
3. The Killer Sales Page It doesn’t matter how good or bad your product is, if you don’t have a killer sales page, then no one will be interested enough to buy it. Your sales page needs to include as much information as possible to arouse prospective customers’ interest.
Your headlines need to be intriguing and your first few paragraphs need to present your readers with a potential problem they may have. The middle part of your sales page should show how other possible solutions are not adequate enough or should elaborate more on the reader’s problem. The end of your sales page should offer your product as the solution, include as many bonuses as possible and repeatedly state what value-for-money your product is.
Make sure you get excited when you write your killer sales page.
4. Quickie Products. Make sure your products are quickie products that take the minimal amount of time to produce. Information products (eBooks) are the easiest, or if you want to sell a software product, get someone else to make it for you.
Then sell your products quickly and easily by signing up to a company like ClickBank.com. They have a low start-up cost and thousands of affiliates to help sell your products world-wide without you having to lift another finger.
Then automate your website so that visitors can buy directly from you or can sign up as an affiliate from your site. Capture the email address of anyone who buys your product and set up an auto responder with dozens of ready-made emails full of details about your other products to send out to your ever-growing email list.
5. Traffic. Next you have to drive as much traffic as possible to your website. One of the best ways to do this is by writing keyword-rich articles, submitting them to as many article directories as possible (I use Article Submitter software for this) and include a link back to your website in your resource box.
1. Get It Going. There’s no step more important than this. Plenty of businesses are fully automated and can run themselves, but they can’t start themselves. You need to take action and start your business, and the time to take action is right now.
But first, remove the 2 negative thoughts that might hold you back. The first negative thought that people worry about the most when starting an online business, is about not being perfect. So put that thought straight out of your head. No one’s perfect and no one expects you to be. You don’t have to get it right, you just have to get it going.
The other thing is criticism. Sure you’ll get it, you just have to learn to deal with it and not worry about it. So what if people criticise you? You’re getting it going and that’s the only thing that will drive your business forward to success.
2. Do a 12-product survey. You need to get 12 different products to sell to see what people are mostly buying. These products don’t have to be great or expensive, they just have to be diverse enough in content to see what most people want and then you can get more similar products to the more popular ones.
3. The Killer Sales Page It doesn’t matter how good or bad your product is, if you don’t have a killer sales page, then no one will be interested enough to buy it. Your sales page needs to include as much information as possible to arouse prospective customers’ interest.
Your headlines need to be intriguing and your first few paragraphs need to present your readers with a potential problem they may have. The middle part of your sales page should show how other possible solutions are not adequate enough or should elaborate more on the reader’s problem. The end of your sales page should offer your product as the solution, include as many bonuses as possible and repeatedly state what value-for-money your product is.
Make sure you get excited when you write your killer sales page.
4. Quickie Products. Make sure your products are quickie products that take the minimal amount of time to produce. Information products (eBooks) are the easiest, or if you want to sell a software product, get someone else to make it for you.
Then sell your products quickly and easily by signing up to a company like ClickBank.com. They have a low start-up cost and thousands of affiliates to help sell your products world-wide without you having to lift another finger.
Then automate your website so that visitors can buy directly from you or can sign up as an affiliate from your site. Capture the email address of anyone who buys your product and set up an auto responder with dozens of ready-made emails full of details about your other products to send out to your ever-growing email list.
5. Traffic. Next you have to drive as much traffic as possible to your website. One of the best ways to do this is by writing keyword-rich articles, submitting them to as many article directories as possible (I use Article Submitter software for this) and include a link back to your website in your resource box.
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