Wednesday, 30 October 2013
How To Spot Forex Fraud
As the popularity of Forex increases so do the number of scam artists attempting to cash in on the Forex gravy train. Since Forex involves trading money internationally, often over the Internet, a whole new breed of scams have come about. Ironically many of these scam artists are finding their marks through newspaper, television or other print media advertisements.
While these scams are generally easily spotted by experienced traders, new speculators may have problems knowing the difference between what is real and what isn't. It is absolutely essential to thoroughly research Forex trading, and any potential companies you may trade with before making an initial investment. The last thing you need is to find out that the company you have invested with is under investigation by the SEC for fraud. In this type of circumstance it can often be impossible to retrieve your money as the claims from all fraud of participants will be higher than the total payouts the government can guarantee.
One way to spot a scam on Forex is when someone promoting a Forex system guarantees no risk. It is a fact that there is risk with Forx trading, and generally anyone who claims otherwise is a liar, or more likely a criminal. Trading in Forex successfully requires knowledge, discipline, and a trading strategy. But there is no magic software or no risk way to assure that you will make money.
Another red flag indicating a sure sign of a Forex scam is a web site that guarantees profits. Nobody can guarantee profits and Forex trading. It is up to you as an investor to perform. If it were possible to guarantee profits in Forex trading then nobody would need to start a business showing others how to make guaranteed profits. The profit potential for anyone who could guarantee profits would be so enormous in Forex trading, that they would quickly become a billionaire by trades. So why would they waste time teaching others?
Another common tactic of Forex scam artists is to promise employment opportunities for people using their system. This is usually a trick to get you to spend your money with them. They are fishing for people with capital who can fund their enterprise. They typically promise to offer firm money to people using their system. But why would they do this? Instead what happens is they lure people into their training systems and convince people that they have done so well in the training session that they should start using their real money in order to make a fortune.
All reputable Forex trading web sites will be a member of the CFTC or the NFA. Make sure to check the company's claims out and assure that they are members of one of these organizations before dealing with them.
Keep in mind that Forex is a relatively unregulated system of exchanging money. In many cases Forex scams can become highly technical, involving brokers manipulating prices in ways that cannot be tracked by the average trader. Because of this is essential that you not become a mark for such brokers.
In the United States the CFTC is the federal agency responsible for regulating the trade of Forex currency. If you suspect that you have been a victim of some type of fraud contact the CFTC. They have jurisdiction for investigating and enforcing the laws.
How To Spot Forex Fraud
As the popularity of Forex increases so do the number of scam artists attempting to cash in on the Forex gravy train. Since Forex involves trading money internationally, often over the Internet, a whole new breed of scams have come about. Ironically many of these scam artists are finding their marks through newspaper, television or other print media advertisements.
While these scams are generally easily spotted by experienced traders, new speculators may have problems knowing the difference between what is real and what isn't. It is absolutely essential to thoroughly research Forex trading, and any potential companies you may trade with before making an initial investment. The last thing you need is to find out that the company you have invested with is under investigation by the SEC for fraud. In this type of circumstance it can often be impossible to retrieve your money as the claims from all fraud of participants will be higher than the total payouts the government can guarantee.
One way to spot a scam on Forex is when someone promoting a Forex system guarantees no risk. It is a fact that there is risk with Forx trading, and generally anyone who claims otherwise is a liar, or more likely a criminal. Trading in Forex successfully requires knowledge, discipline, and a trading strategy. But there is no magic software or no risk way to assure that you will make money.
Another red flag indicating a sure sign of a Forex scam is a web site that guarantees profits. Nobody can guarantee profits and Forex trading. It is up to you as an investor to perform. If it were possible to guarantee profits in Forex trading then nobody would need to start a business showing others how to make guaranteed profits. The profit potential for anyone who could guarantee profits would be so enormous in Forex trading, that they would quickly become a billionaire by trades. So why would they waste time teaching others?
Another common tactic of Forex scam artists is to promise employment opportunities for people using their system. This is usually a trick to get you to spend your money with them. They are fishing for people with capital who can fund their enterprise. They typically promise to offer firm money to people using their system. But why would they do this? Instead what happens is they lure people into their training systems and convince people that they have done so well in the training session that they should start using their real money in order to make a fortune.
All reputable Forex trading web sites will be a member of the CFTC or the NFA. Make sure to check the company's claims out and assure that they are members of one of these organizations before dealing with them.
Keep in mind that Forex is a relatively unregulated system of exchanging money. In many cases Forex scams can become highly technical, involving brokers manipulating prices in ways that cannot be tracked by the average trader. Because of this is essential that you not become a mark for such brokers.
In the United States the CFTC is the federal agency responsible for regulating the trade of Forex currency. If you suspect that you have been a victim of some type of fraud contact the CFTC. They have jurisdiction for investigating and enforcing the laws.
How To Spot Forex Fraud
As the popularity of Forex increases so do the number of scam artists attempting to cash in on the Forex gravy train. Since Forex involves trading money internationally, often over the Internet, a whole new breed of scams have come about. Ironically many of these scam artists are finding their marks through newspaper, television or other print media advertisements.
While these scams are generally easily spotted by experienced traders, new speculators may have problems knowing the difference between what is real and what isn't. It is absolutely essential to thoroughly research Forex trading, and any potential companies you may trade with before making an initial investment. The last thing you need is to find out that the company you have invested with is under investigation by the SEC for fraud. In this type of circumstance it can often be impossible to retrieve your money as the claims from all fraud of participants will be higher than the total payouts the government can guarantee.
One way to spot a scam on Forex is when someone promoting a Forex system guarantees no risk. It is a fact that there is risk with Forx trading, and generally anyone who claims otherwise is a liar, or more likely a criminal. Trading in Forex successfully requires knowledge, discipline, and a trading strategy. But there is no magic software or no risk way to assure that you will make money.
Another red flag indicating a sure sign of a Forex scam is a web site that guarantees profits. Nobody can guarantee profits and Forex trading. It is up to you as an investor to perform. If it were possible to guarantee profits in Forex trading then nobody would need to start a business showing others how to make guaranteed profits. The profit potential for anyone who could guarantee profits would be so enormous in Forex trading, that they would quickly become a billionaire by trades. So why would they waste time teaching others?
Another common tactic of Forex scam artists is to promise employment opportunities for people using their system. This is usually a trick to get you to spend your money with them. They are fishing for people with capital who can fund their enterprise. They typically promise to offer firm money to people using their system. But why would they do this? Instead what happens is they lure people into their training systems and convince people that they have done so well in the training session that they should start using their real money in order to make a fortune.
All reputable Forex trading web sites will be a member of the CFTC or the NFA. Make sure to check the company's claims out and assure that they are members of one of these organizations before dealing with them.
Keep in mind that Forex is a relatively unregulated system of exchanging money. In many cases Forex scams can become highly technical, involving brokers manipulating prices in ways that cannot be tracked by the average trader. Because of this is essential that you not become a mark for such brokers.
In the United States the CFTC is the federal agency responsible for regulating the trade of Forex currency. If you suspect that you have been a victim of some type of fraud contact the CFTC. They have jurisdiction for investigating and enforcing the laws.
Tuesday, 29 October 2013
Sending Signals For Trading In FOREX
Forex signals are sent by a forex firm to their subscribers in order to buy and sell currencies. These signals are called entry and exit signals for the forex dealers. The firms, which send this forex signal, do so after tedious and meticulous research and analysis into the currencies that their dealers are trading in. For example a firm may send the entry and exit signals at designated time frames in real time. These will remain valid for a short period only after which they are going to be different.
Let's say that there is a forex trading company say Acme Forex traders who send entry and exit signals to their clients in the following way
The first signal is provided to the trader at 08:30, and this signal is going to remain actual till 12.30
The trader will receive the second signal at 12.30, which would remain actual till 16.30.
The last signal would be sent to the trader at 16.30.
The transactions are given according to GMT. Please adjust for local time changes. The transaction shall be calculated till the signal is actual. The charges would be $300 per month per trader.
Forex dealers and experts provide forex-trading information and data to both institutional clients and individual investors and provide these kind of signals. Investors like to subscribe to credit worthy forex dealers / companies since their information and data would be genuine and more accurate. In fact many forex dealers would kill to get information before the rest of the market gets the same information. As forex dealing is a very competitive business.
These signals or forex indications are given to the forex dealers through the forex trading platform or hub. The signals or forex indicators are the specific entry and exit strategies. Therefore when you enter a currency trade buying currencies at lower price and then selling at higher price, you book a profit. currency pair. For example the forex dealer is trading in GBP/USD. The rate is for GBP/USD is .9800 . If you expect that Euro is likely to go up in the future you would buy the Euros today to sell them off at a later date thereby booking a profit. If you expect the dollars to appreciate, then you would buy the dollars selling them off at a later date to book profits.
Most forex dealers will get the information via email or straight on their computer screens. It is then up to the forex dealers to decide whether they want to sell / buy / hold the currencies till further information is given to them.
Those who contribute in giving the information on currency dealing are hedge managers, foreign exchange dealers located in the major financial markets of the world, professional stock brokers, finance managers and a host of other finance professionals. They make it their business to collect, analyze and disseminate information in such a way, that can be used by forex dealers to buy / sell / hold the forex.
Therefore the companies take extreme care to send the forex signals for the currency dealers.
Forex Trade: Main Drawbacks of a Forex Trader
majority of traders fail to achieve success? Although there is no hard answer to this question, there are a few things that will put you one step ahead and will definitely put the odds in your favor.
The main purpose of this article is to guide you through some important aspects of Forex trading. But in a different way, instead of telling you what to do or the best way to do it, it will tell you what to avoid. Sometimes it is better to identify the main drawbacks on a discipline and then Why is it that very few traders succeed in the Forex trading environment while the grand isolate them so we have the best results at a certain level of development.
The search for the Holy Grail
Many traders spend years and years trying to find the Holy Grail of trading. That magic indicator or set of indicators, only known by a few traders, that will make them rich in a short period of time.
Fact: Well, there is no magic indicator, nor a set of indicators that will make anyone rich in a short period of time. The main reason of this is because market changes, every single moment is unique. Every Forex trading system will fail from time to time. Our work here is to find a Forex trading system that fits our personality as traders, otherwise the trader will find it hard to follow it.
Looking for Easy Money
Unfortunately most traders are attracted to the Forex market for this reason. Mainly because of the publicity showing or rather trying to show how easy is to trade and make money in the Forex market.
Fact: Yes, it is very easy to trade, anyone can do it. It is as hard as one click. But the second part of it isn't that easy. Making money or achieving consistent profitable results is hard. It requires lots of education, patience, discipline, commitment, and this list could go to infinite. In a few words, it is possible to have consistent profitable results, but definitely it is not easy.
Looking for Excitement
Some other traders are attracted to the Forex market or any other financial market because they think it is exciting to be a trader.
Fact: Yes, it is very exciting to trade the Forex market. But if this is the main reason you are still trading the Forex market, sooner or later you will discover the most expensive adventure you have ever known. Do some thinking on it.
Not Using Money Management.
Most traders forget about this important aspect of trading. They think they shouldn't be using money management until they achieve consistent profitable results. They totally forget about the risk side of trading.
Fact: Money management allows your profits to increase geometrically, but also limits your risk on every single trade. Money management tells you how much to risk on each trade. Using money management is a must if you want to achieve your trading goals. By using money management you make sure you are going to be able to trade tomorrow, the next week, month and the following years.
Not Being Psychology Tuned
This is one of the most underestimated subjects when it comes to trading. One of the main principles of financial markets is that the price of each instrument is based on the perception of each individual participant "the crowd." In other words the price of each instrument is determined by the fear, greed, ego and hope of all traders.
Fact: Being aware of all psychological issues that affect the decisions made by traders will definitely put the odds in your favor.
Lack of Education
Education is the base of knowledge on every discipline. As lawyers and doctors require several years of college until they get their degree, Forex traders also require long years of study. It is better to have someone experienced to guide you through your trading, since some information could take you in the wrong path.
Fact: The market teaches us invaluable lessons on every single trade made. The process of education for a Forex trader could take for ever. That's right, we never stop learning. We should be humble about the markets and our knowledge; otherwise the market will prove us wrong.
These are some of the most important barriers every trader faces when trying to trade successfully.
Trading successfully the Forex markets is no easy task, it requires a lot of hard work to do it right, but with the right education, you will put yourself closer to your trading goals.
The 6 Advantages Forex Trading Has Over Other Investments
There are many different advantages to trading forex instead of futures or stocks, such as:
1. Lower Margin
Just like futures and stock speculation, a forex trader has the ability to control a large amount of the currency basically by putting up a small amount of margin. However, the margin requirements that are needed for trading futures are usually around 5% of the full value of the holding, or 50% of the total value of the stocks, the margin requirements for forex is about 1%. For example, margin required to trade foreign exchange is $1000 for every $100,000. What this means is that trading forex, a currency trader's money can play with 5-times as much value of product as a futures trader's, or 50 times more than a stock trader's. When you are trading on margin, this can be a very profitable way to create an investment strategy, but it's important that you take the time to understand the risks that are involved as well. You should make sure that you fully understand how your margin account is going to work. You will want to be sure that you read the margin agreement between you and your clearing firm. You will also want to talk to your account representative if you have any questions.
The positions that you have in your account could be partially or completely liquidated on the chance that the available margin in your account falls below a predetermined amount. You may not actually get a margin call before your positions are liquidated. Because of this, you should monitor your margin balance on a regular basis and utilize stop-loss orders on every open position to limit downside risk.
2. No Commission and No Exchange Fees
When you trade in futures, you have to pay exchange and brokerage fees. Trading forex has the advantage of being commission free. This is far better for you. Currency trading is a worldwide inter-bank market that lets buyers to be matched with sellers in an instant.
Even though you do not have to pay a commission charge to a broker to match the buyer up with the seller, the spread is usually larger than it is when you are trading futures. For example, if you were trading a Japanese Yen/US Dollar pair, forex trade would have about a 3 point spread (worth $30). Trading a JY futures trade would most likely have a spread of 1 point (worth $10) but you would also be charged the broker's commission on top of that. This price could be as low as $10 in-and-out for self-directed online trading, or as high as $50 for full-service trading. It is however, all inclusive pricing though. You are going to have to compare both online forex and your specific futures commission charge to see which commission is the greater one.
3. Limited Risk and Guaranteed Stops
When you are trading futures, your risk can be unlimited. For example, if you thought that the prices for Live Cattle were going to continue their upward trend in December 2003, just before the discovery of Mad Cow Disease found in US cattle. The price for it after that fell dramatically, which moved the limit down several days in a row. You would not have been able to leave your position and this could have wiped out the entire equity in your account as a result. As the price just kept on falling, you would have been obligated to find even more money to make up the deficit in your account.
4. Rollover of Positions
When futures contracts expire, you have to plan ahead if you are going to rollover your trades. Forex positions expire every two days and you need to rollover each trade just so that you can stay in your position.
5. 24-Hour Marketplace
With futures, you are generally limited to trading only during the few hours that each market is open in any one day. If a major news story breaks out when the markets are closed, you will not have a way of getting out of it until the market reopens, which could be many hours away. Forex, on the other hand, is a 24/5 market. The day begins in New York, and follows the sun around the globe through Europe, Asia, Australia and back to the US again. You can trade any time you like Monday-Friday.
6. Free market place
Foreign exchange is perhaps the largest market in the world with an average daily volume of US$1.4 trillion. That is 46 times as large as all the futures markets put together! With the huge number of people trading forex around the globe, it is very hard for even governments to control the price of their own currency.
Why Trade the FOREX?
My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a lesson that I took seriously after taking a beating in the stock market in 2000.
So now, let's compare features of currency trading to those of stock and commodity trading.
Liquidity — The Forex market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading.
Trading Times — The Forex market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays.
Leverage — Depending on your Forex account size, your leverage may be 100:1, although there are Forex brokers that offer leverage of up to 400:1 (not that I would ever recommend that kind of leverage). Leverage in the stock market can be as high as 4:1, and in the commodities market, leverage varies with the commodity traded but it can be quite high. Because the commodity markets are not as liquid as the Forex market, its leverage is inherently riskier. Although I was never shut out of a commodity trade by the day limit, the fear was always in the back of my mind.
Trading costs — Transaction costs in the Forex market is the difference between the buy and sell price of each currency pair. There are no brokerage fees. For both the stock and the commodity markets, there are transaction costs and brokerage fees. Even when you use discount brokers, those fees add up.
Minimum investment — You can open a Forex trading account for as little as $300.00. It took $5,000 for me to open my futures trading account.
Focus — 85% of all trading transactions are made on 7 major currencies. In the US stock market alone there are 40,000 stocks. There are just over 200 commodity markets, although quite a few are so illiquid that they are not traded except by hedgers. As you can see, the fewer number of instruments allows us to study each one more closely.
Trade execution — In the Forex market, trade execution is almost instantaneous. In both the equity and commodity markets, you count on a broker to execute your trades and their results are sometimes inconsistent.
While all of these features make trading the Forex market very attractive, it still requires a lot of education, discipline, commitment and patience. All trading can be risky.
Explosive Profits: 7 Reasons to Trade Forex
There are many money-making opportunities out there and we've been involved with quite a few, namely property marketing, web development, residential construction security, multi-level marketing businesses etc.
We've come to a few conclusions with the help of some well-known properity coaches.
Often people with the income they desire don't have the time to enjoy it. Those that have time don't often have money. You don't have to sacrifice your life-style to earn an above-average income. If you focus on the for a few months you can make that dream a reality and create time and money to do what you REALLY want.
To earn a living money is given in exchange for a product or service rendered. It needs to be sold continuously otherwise your income stops abruptly unless it's a repeat type of product or service.
Money is a medium of exchange. There's no magical formula to possess it, you need to exchange something of value for it.
What if, you could have access to thousands of customers who are ready, willing and able to buy from you whenever you wanted? Wouldn't it be great to avoid any hassles like money collection problems (just had a delayed payment from my web business), keeping difficult customers happy (we all know what that's like), competition stealing your business without providing the same value etc.
All that is possible with . You can also trade from anywhere. Take your laptop with you, find an internet connection and away you go.
Another advantage is that you don't need experience to get started. Get a traditionally job involves accumulating specialized experience, having a well-polished resume and having the right contacts. With the right training course, you can get started straight away.
Here's 7 more reasons to trade :
1. It never closes. It's open around the clock, worldwide. Trading positions open at Monday 7am, New Zealand time and close 5pm New York time on Friday. During this time, you can enter or exit the market whenever you like. It's a continuous electronic currency exchange. This is great because you can trade whenever you have spare time.
2. Leverage. Standard $100 000 currency lots can be traded with as little as $1000. This is mainly because of the ease with which you can buy and sell, some brokers will leverage up to 200 times, so with $100 you can control a 200 000 unit currency position. It's the best use of trading capital around, even banks lending on property investments don't come close.
3. Accurately predict the outcomes. Currency prices generally repeat themselves in predictable cycles so you can see what the trends are. 'Technical Analysis' helps to see these trends and profit from them.
4. Low Transaction Cost. In other words, you mistakes won't cost you a fortune. Good brokers won' charge commissions to trade or maintain an account even if you have a mini account and trade small volumes.
5. Unlimited Earning Potential. has a daily trading volume of over 1.5 trillion, the largest financial market in the world. It dwarfs the equities market (50 billion daily) and the futures market (30 billion).
6. You can make money in any market conditions. Each market is one currency against another, so when you buy in one, you're selling in another so there's no biase towards either currency moving up or down. This means it's up to you to choose which currency to buy or sell with. Yu can make money going up or down.
7. Market transparency. This is an advantage in any business or trading environment. It means you can manage risk and execute orders within seconds. It's highly efficient and allows you to avoid unexpected 'surprises'.
I hope you're now convinced that is the best investment and income opportunity around.
Wednesday, 23 October 2013
THINGS TO CONSIDER BEFORE SETTING UP AN ONLINE BUSINESS
Before one venture into an online business, there is certain things one need to put into consideration.
What product or service will you provide?
For many people, they will start an online business based on knowledge and experience that they already have, while others may see a gap in the market. But the most important thing you need to do is carry out research with companies and individuals that you do not know in order to get more unbiased view.
Also, do as mush reading and research on everything you can on particular area of interest, as well as studying the pros and con that this will have in relation to your overall goals. Plus, make yourself familiar with your competitors, as this will boost your confidence and enthusiasm for setting up an online business.
Where to work from?
You do not need to work from home, but this is an option that many online business people prefer. But others prefer to have an office away from the home, as they find it difficult to focus, as well as feeling isolated.
How to market the business?
It is important, if you want your online business to be successful, to ensure that you start up a web presence. The best way of doing this is by directing mail, networking, display advertising etc. but what approach works best for you will depend on the product that you are selling. The best way of finding out what will work, is by trying a different number of methods initially, and then go for it once you know which one is best. However, if you are unsure where to start, then look at how your competitors are marketing their goods….if it works for them, it may work for you also.
Come up with a plan
Without having a blueprint on how to reach your goals, you may find that not just your efforts, but the resources may well be squandered. Having a plan provides you with focus, direction and momentum to keep the business on track.
Check laws and regulations
It is important that you check to see if there are any local laws or regulations in relation to setting up an online business from home. Also, you will need to get laws and regulations in regard to being self-employed.
Setting up the office
More often than not, an online business will be conducted from home. So it is important that you set up a home office prior to starting up the business. You should arrange to have all the necessary equipment that you will need such as computer, internet connection, printer are just a few things that you will need if you want to be successful with your online business.
THINGS TO CONSIDER BEFORE SETTING UP AN ONLINE BUSINESS
Before one venture into an online business, there is certain things one need to put into consideration.
What product or service will you provide?
For many people, they will start an online business based on knowledge and experience that they already have, while others may see a gap in the market. But the most important thing you need to do is carry out research with companies and individuals that you do not know in order to get more unbiased view.
Also, do as mush reading and research on everything you can on particular area of interest, as well as studying the pros and con that this will have in relation to your overall goals. Plus, make yourself familiar with your competitors, as this will boost your confidence and enthusiasm for setting up an online business.
Where to work from?
You do not need to work from home, but this is an option that many online business people prefer. But others prefer to have an office away from the home, as they find it difficult to focus, as well as feeling isolated.
How to market the business?
It is important, if you want your online business to be successful, to ensure that you start up a web presence. The best way of doing this is by directing mail, networking, display advertising etc. but what approach works best for you will depend on the product that you are selling. The best way of finding out what will work, is by trying a different number of methods initially, and then go for it once you know which one is best. However, if you are unsure where to start, then look at how your competitors are marketing their goods….if it works for them, it may work for you also.
Come up with a plan
Without having a blueprint on how to reach your goals, you may find that not just your efforts, but the resources may well be squandered. Having a plan provides you with focus, direction and momentum to keep the business on track.
Check laws and regulations
It is important that you check to see if there are any local laws or regulations in relation to setting up an online business from home. Also, you will need to get laws and regulations in regard to being self-employed.
Setting up the office
More often than not, an online business will be conducted from home. So it is important that you set up a home office prior to starting up the business. You should arrange to have all the necessary equipment that you will need such as computer, internet connection, printer are just a few things that you will need if you want to be successful with your online business.
Tuesday, 22 October 2013
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Tuesday, 1 October 2013
31 Super Success Formulas!
1 Turn part of your web site into a
Members Only
web site. Instead of charging for
access, use it as
a free bonus for one of your products.
If you want to
charge access, give them a little free
information and
include links on your web site that
take them to
an order page to get the rest of the
information.
2 Add a free classified ad section to
your web site.
You could then trade banner ads with
other web
sites that have free classified ad
sections. You could
also send a ‘thank you’ e-mail to
people who submit
their classified ad to your web site.
Just include a brief
ad or signature file about the product
you're selling.
3 Let your past offline customers know
about your
web site. When they visit and sign up
to your e-zine,
it will remind them to shop at your
online store in the
future too. Some day you may not need
that expensive
offline store. Your web site might
create most of your
profits for you.
4 Publish your e-zine only on your web
site. Have
people subscribe to a "new
issue" e-mail reminder.
This could really increase your
traffic and sales. Of
course, you could also send your
e-zine in HTML
format but some people don't like it
or can't read it.
You could show pictures of your
products in
your e-zine.
5 Take on as many of your business'
chores as you
can handle; outsource what you can't.
Only you can
determine how your business operates.
You don't
want too many people making all your
decisions, but
you don't want to take on so much
responsibility
that you become a workaholic.
6 Give people free bonuses when they
order your
product or service. The free bonuses
could be books,
jewelry, reports, newsletters, etc.
Make their bonuses
sound extra valuable by listing their
retail value, either
separately or together in one amount,
or limiting how
long you will offer the bonuses.
7 Offer a free e-book that's published
right on your
web site. People would have to stay at
your web site
to read it. You could have an ad above
or below the
content on the title page and every
other page for the
main product or service you sell. Even
allow other
web sites to link to your free e-book
to increase your
traffic.
8 Create a free e-zine directory.
You'll attract a lot
of traffic from e-zine publishers and
people who want
to subscribe to the e-zines. Your
listings could include
name, subscription instructions,
publisher’s name, etc.
Of course you could put your own
e-zine listing at the
top of your directory to get extra
exposure.
9 When you offer a freebie from your
site, submit
it to freebie sites. They provide
target categories
which mean targeted traffic. So if
you're submitting
software, you could submit it to the
"free software"
section. Just remember, some freebie
sites want you
to link to their web site before they
will list your
freebie submission.
10 Sell advertising space in your
product package.
You could sell inserts, flyers,
brochures, booklets,
and digital ads for electronic
products. For example,
if you sell an e-book, you could sell
advertising
space above each page, beginning of
each chapter
or on the title page.
11 Challenge your visitors to buy your
product or
service. People love a good challenge.
Tell them
if they can find a flaw, you'll give
them a refund.
You could also dare them to buy your
product.
A dare also gives them a challenge.
For example,
you could say, "I dare you to try
out our product
for a week. I doubt you will ever
return it for a
refund."
12 Create joint venture deals with
other businesses.
You can expand your product line and
target other
profitable markets at a lower cost.
The joint venture
deals could be trading advertising,
barter products
or services, joining an affiliate
program, swapping
business strategies, etc.
13 Make commissions without joining an
affiliate
program. Just propose a joint venture
offer to web
sites that don't have affiliate
programs. You could
go to any search engine and find a
compatible
business without an affiliate program.
Once you find
one, buy the product. If you like it
enough, ask the
business owner if you can sell it for
commission.
14 Multiply your marketing and
advertising efforts
on the Internet. You can accomplish
this by starting
an affiliate program, using viral
marketing or both.
For example, you could start an
affiliate program
and give your affiliates customized
e-books with their
own affiliate links to give away.
15 Find out who are your strongest
leads for buying
your product by offering a free
e-zine. The visitors
who are very interested will subscribe
to it. Once
they have subscribed, you can sell
them related
products again and again. Just make
sure your
e-zine has enough original content to
keep them
interested.
16 People love to get free things. A
free e-book is
perfect. They will visit your web site
to get the
free valuable information. You could
also start your
own free e-book directory and allow
other authors
to submit their e-books. You could be
offering hundreds
of free e-books in no time!
17 Keep your loyal customers happy
because they
are your future profits. Give them
discounts and
free gifts as often as possible. If
you are thoughtful
and loyal to your customers, most of
them will be
your customers forever. They will make
up about 80%
of your business and profits.
18 Have some T-shirts made with your
web site
address and other business
information. Your family
or friends could wear them almost
anywhere. Your
online business could get a lot of
exposure if one
of your family members or friends
wears your T-shirt
to a crowded sports event or amusement
park.
19 Make it easy for your affiliates to
make sales. Give
them proven ads to use, make it easy
for prospects
to order and provide helpful affiliate
statistics. Affiliates
want high or fair commissions,
notification of sales,
lifetime income, residual income, a
good tracking
system and professional training.
20 Persuade e-zine publishers or
webmasters to run
your ad for free. Just allow them to
join your affiliate
program and earn commission on the
sales. You
could also offer them a freebie, such
as the product
you’re selling for free, an
advertisement in your
e-zine in return, etc. It also helps
to compliment the
publishers as well as praising their
e-zines.
21 Team up with your competition by
starting an
association for your specific
industry. It could lead
to a profitable partnership with them.
You could
give all the members graphic links to
place on their
home pages. This would increase your
membership
and business exposure.
22 Publish an e-zine for your
employees. This could
motivate them to do a better job or
keep them advised
on where your business is headed. For
example, you
could include articles about friendly
customer service,
being more productive, getting along
with other
employees, employee profiles, etc.
23 Search for your business' name in
newsgroups
and discussion boards. Some of the
comments you
find could help you improve your
business. For
example, you could find someone
complaining about
your customer service, an employee,
your web site
design, product, etc. Then you'll know
what to
improve.
24 Provide your visitors with free
content. Your
content will be more attractive to
your visitors if
it's up-to-date or original. You could
also offer
people the option to reprint the
content in their
e-zine or web site. If your content is
super original,
you could use something like
"Never Seen Before"
in your titles.
25 Offer a free online directory. The
directory
could be full of interesting e-books,
e-zines, web
sites, etc. If people find your
directory to be a
valuable resource, they will visit it
over and over
again. You could also put your whole
directory into
e-book format and allow people to give
it away.
26 Have some business cards printed up
with your
web site address and other business
information.
Pass them out to people you meet or
who might be
interested in your business. You could
also turn your
business card into bookmarks and
donate them
to a local library to give away to
people who check out
books.
27 Use free advertising as much as
possible. Test a
wide variety of free advertising
options like banner
and link exchanges, classifieds,
newsgroups, ad swaps,
joint venturing, viral marketing, web
rings, message
boards, trading content, etc. Don't be
afraid to try
something new.
28 Build credibility for your business
by publishing
an e-zine and writing articles. Your
customers and
prospects will see you as an expert
and trust you.
You could also submit your articles to
other e-zines
for republishing and publicity. Just
require them to
include your resource box at the end
of the article.
29 Answer all your e-mail messages as
quickly as
possible. Nothing will lose a sale
quicker than not
responding to a prospect in time. If
you don't, it could
anger your customers and they could
ask for a refund.
You may lose a sale because they want
you to
answer a question before they order.
30 Hold free online classes or
seminars. They
could be held in your web site's chat
room. The
idea of "live" information
will definitely entice
people to visit your web site. You
will become
known as an expert on the topic. You
could hold
them weekly or monthly to get people
to revisit
your web site again and again.
31 Stay in contact with customers on a
regular basis.
Offer them a free e-zine subscription.
Ask customers
if they want to be updated by e-mail
when you make
changes to your web site. After every
sale, follow up
with the customer to see if they are satisfied.
31 Profitable Business Models!
1. Author A Publication - You can
write your own publication
about any topic. You should do
research first so as to fill a
want in an audience or market with
money to spend.
Otherwise you can waste a lot of time.
You can sell it
yourself and keep all the profits or
deal through other
distributors and share the profit.
2. Co-Author A Publication - You can
write a publication
along with another author. You could
sell it separately or
both sell it and split the profits.
You could also have multiple
co-authors.
3. Compile A Publication - You could
allow other authors
and experts to write the publication
for you in exchange for
free publicity or other incentives.
You would simply contact
the authors and experts you want and
ask them to donate
some content.
4. Start An Affiliate Program For The
Publication - You could
allow other people to sell your
publication for a percentage
of the profits. You could eventually
have literally thousands
of people promoting your product with
very little work on
your part and no out-of-pocket
expenses.
5. Sell The Reprint Rights To The
Publication - You can
allow others to sell the publication
for 100% of the profits.
You could include ads for other
products that you’re selling
for a back-end, which means the sale
of your other items
through the ads.
6. Sell The Master Reprint Rights To
The Publication - You
could allow other people to sell the
publication and the
reprint rights to the publication. You
could still include ads of
your other products.
7. Give Away The Publication - You
could allow people to
give away the publication to their
prospects, customers,
visitors, subscribers, etc. Of course,
ads to your other
products would be included in it. This
will easily spread you
advertising and potential sales all
over the place
8. Give Away A Branded Copy Of The
Publication. You
could allow other people to give away
the publication and
allow them place their own ads it.
This gives them an extra
incentive to give it away to their prospects,
customers,
visitors, subscribers, etc.
9. Sell A Branded Copy Of Your
Publication - You could
allow other people to give away the
publication as their own
and charge them to place their ads in
it.
10. Start A MLM/Multi-Tier Affiliate
Program For The
Publication - You could allow other
people to sell your
publication for a percentage of the
profits. They can also
make commission from people they
recruit. You could
eventually have literally thousands on
people promoting your
product with very little work on your
part.
11. Publication Of The Month - You
could release a new
publication every month for a
reoccurring monthly fee. For
example $19.95 a month per copy sold.
This would give you
a residual income stream. Plus you
could start an affiliate
program for other to make a percentage
of your residual
income.
12. Publication Of The Month With
Master Reprint/Reprint
Rights - You could release a new
publication with reprint or
master reprint rights every month for
a reoccurring monthly
fee. For example $19.95 a month. This
would give you a
residual income stream. Plus you could
start an affiliate
program for other to make a percentage
of your residual
income and people could make money
100% profit selling
the publications.
13 Divide Your Publication Into Pieces
- You could divide
your publication into pieces and sell
them separately.
Sometime you can make more income
selling parts than the
whole product. You could divide up
chapters into articles,
mini reports, special reports, etc.
14. Publication For Royalties - You
could write an exclusive
publication for a big time publisher
or marketer and allow
them to promote it. You would get a
percentage of the
profits with hardly any work on your
part in distribution.
15. Customized Publication - You could
offer a customized
publication instead of writing the
whole thing and guessing
what info people will buy. Just let
them decide. You could
charge people to e-mail you five to
ten questions that they
want the answers to then place that
into a publication. You
could charge a high price too.
16. Collectible Publication - You
could offer a limited number
of copies to different versions of
your publication. Some
reasons to limit the number of copies
would be autographs,
different volumes, serial numbers,
etc.
17. Turn Other People's Information
Formats Into A
Publication - You could get permission
from a publisher to
transcribe an audio or video into a
print or electronic
publication. You would have nothing to
write and you could
just pay them an up-front fee or
royalties on your sales.
18. Turn Your Publication Into A Free
Seminar Speech -
You do live speeches that are related
to your publication.
You could offer it for free in
exchange for promoting your
publication or business.
19. Turn Your Publication Into An
Off-line Audio - You could
turn your publication into an audio
book, or DVD. Some
people like to listen to publications
rather than read them.
20. Turn You Publication Into An
Off-line Video - You could
turn your publication into a videotape
or DVD. Some people
like to listen to and watch the people
speaking and offering
the information rather than reading
it.
21. Update An Older/Outdated
Publication - You could find a
older or outdated publication and
simply update it with new
up-to-date information. You could just
get permission from a
publisher and pay them an up-front fee
or royalties on your
sales.
22. Turn Your Publication Into Home
Study - You could add
lessons and exercises to your
publication and sell it as a
home study course. You can give a
certificate of completion
and graduation after they send in the
completed lessons.
23. Turn Your Publication Into An
eClass - You could divide
your publication into lessons and
assignments and send
them out once or twice a week via
e-mail. You grade the
lessons and send them back. You could
run an eclass for
weeks at a time then hold another one
all over again or an
advanced one.
24. Turn You Publication Into A Sample
- You could take an
excerpt of your publication and use it
to tempt people into
buy the whole publication. It could be
a free report, ebook,
article etc. Those types of
publications could be made viral
and spread all over the Internet.
25. Turn Your Publication Into
Software - You could take
your information and turn it into a
helpful tool. For example:
you could turn a book about sales
letters into sales letter
template software.
26. Turn Your Publication Into A Paid
Seminar Speech - You
do live speeches that are related to
your publication. You
could get paid to do the actual speech
and promoting your
publication or business.
27. Turn Your Publication Into
Consulting/Coaching - You
could consult or coach about the topic
of your publication.
People will pay well for that kind of
help and live information.
It could be in person, over the phone,
via e-mail, etc.
28. Turn Your Publication Into A Live
Work Shop/Class -
You could teach a group of people the
topic of your
publication. You could charge a lower
price than consulting
because you can have more clients at
one time.
29. Turn Your Publication Into An
Online Audio - You could
turn your publication into an online
audio file. People could
download and listen to it at their
convenience while surfing
the net, checking their email,
working, etc.
30. Turn You Publication Into An
Online Video - You could
turn your publication into an online
video file. People could
download, listen and watch it at their
convenience while
surfing the net, checking their email,
working, etc.
31. Give Away Your Publication And
Charge Later - You
could actually give your publication
away on a trial for 30 to
60 days and charge people later if
they want to keep it. If
they don't like it, they can send it
back to you. You need to
get their credit card information
I hope this helps.
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