How to turn your old junk into a $10k a month online business. . . Part 1. (A pauper’s guide to getting started. . . ) Hi there, folks! It’s a simple but unavoidable fact that any new business, even an online business where overheads tend to be quite low, requires at least a small amount of initial “start-up” capital. However, if you don’t have any assets to call upon, is there really any way to raise sufficient funds to get things moving in the right direction? The answer, perhaps, lies in re-thinking our interpretation of the very word “asset”. By expanding our concept of assets to include anything and everything currently in our possession that may have some intrinsic value to somebody, somewhere, if not to ourselves. . . then we very soon see that, in fact, we are surrounded by all manner of “stuff” which just might unlock the door to otherwise unattainable financial success. Just by having a good clearout and setting up stall either online (Ebay, Amazon Marketplace. . . ) or in the brick and mortar environment of the “Car Boot” or “Garage” sale, one could raise several hundred bucks worth of much needed investment capital quite easily. It’s something that anyone can do; the real question is, having cleared out the loft, the garage, the over-stocked DVD cabinet, how can your newly acquired booty be profitably employed? Type “make money online” into Google and you’ll find around 200million alternative ways to part with your precious funds. . . It is, perhaps, a shame that although there ARE a handful of money-making opportunities out there which, when properly applied, could in time, lead to prosperity, they are all too often obscured by endless “get rich quick” schemes all vying to relieve of your hard-earned cash. Perhaps the key to success then, is to “model” the truly successful. Mack Michaels, the driving force behind the online investment club Maverick Money Makers, stresses the importance of mentoring and learning. Having made over $2million himself in the last year alone, Mack has established an online community, several thousands strong, of up and coming affiliate marketeers who have invested very small sums of money (generally less than $100 at the outset) and seen astonishing returns under his expert tutorship. Anyone thinking of joining up should act quickly, however, as membership is limited. Mack’s team provides a 24/7 live helpdesk, as well as constantly updated video tutorials, articles and quick money-making blueprints, and keeping the club manageable is priority number one in maintaining quality of service for its members. Why not try investing a little time, instead of money, in building yourself a tiny pot of gold on eBay using the stuff you no longer need, and seeing how Mack’s proven methods could help you transform that little acorn into a more significant return on investment. In my next article, I will discuss ways to effectively maximise your sales returns at online auction sites like eBay. Till then, Happy hunting! Gavin
Posts Tagged ‘Brick And Mortar’
How To Turn Any Old Junk Into A $10k A Month Online Business
January 6th, 2010Online Investing & Forex Trading
September 9th, 2009Online trading has caused a major paradigm shift in investing. At the turn of the millennium, there are over 6 million online investment accounts, up from 1.5 million in 1997. As a result, start-up firms now compete directly with financial institutions to serve investors in the new Economy, and the clear winner is the customer. The competition between the brick and mortar institutions and the Internet-based companies has dramatically lowered the costs of investing, and empowered the individual investor to take control of their own investment strategy.
On-line trading will revolutionize the currency markets by making it accessible to the small and medium sized investor. For the first time, these investors have the ability to execute transactions of between $100,000 and $10,000,000 at the same prices the Interbank market offers for deals well over $10,000,000. This benefits both those who wish to speculate on the direction of the currency markets for profit, as well as the money manager or corporate treasurer looking to hedge against unwanted exposure to future price fluctuations in the currency markets. I am going to discuss the Benefits of Trading Forex.
Very few on-line brokers are able to offer their clients real-time bid/ask quotes, which facilitates instantaneous deal execution – no missed market opportunities. Real-time prices also allow investors to compare an on-line broker’s dealing spread with that of other pricing services, to ensure they are receiving the best possible price on all their Forex transactions.
Many on-line Forex brokers require their clients to request a price before dealing. This is disadvantageous for a number of reasons, primarily because it significantly lengthens the execution process from just a few seconds to possibly as long as a minute. In a fast paced market, this could make a significant difference in an investor’s profit potential. Also, some of the more unscrupulous brokers may use the opportunity to look at an investor’s current position. Once they have determined whether the investor is a buyer or a seller, they ’shade’ the price to increase their own profit on the transaction.
Timing is everything in the fast-paced Forex market. On-line trades are executed and confirmed within seconds, which ensures that traders do not miss market opportunities. Even the incremental extra time it takes to complete a transaction over the phone can mean a big difference in profit potential. Introduction simply, executing trades electronically reduces manual effort, thereby lowering the costs of doing business. On-line brokers are then able to pass along the savings to their client base. The fast-paced nature of the Forex market compels traders to execute multiple trades each day. It is vital for each client to have real-time information about their current position in order to make well-informed trading decisions.
Access to timely and relevant information is critical. Professional traders pay thousands of dollars each month for access to major information providers. However, the very nature of the Internet affords users free access to reliable market information from a variety of sources, including real-time price quotes, international news, government-issued economic indicators and reports, as well as subjective information such as expert commentary and analysis, trader chat forums etc.
The main advantage of the Forex market over any exchange-traded instruments is that the Forex market is a true 24-hour market. Whether it’s 6pm or 6am, somewhere in the world there are always buyers and sellers actively trading Forex so that investors can respond to breaking news immediately. In the currency markets, your portfolio won’t be affected by after hours earning reports or analyst conference calls. The ECNs (Electronic Communication Networks) exist to bring together buyers and sellers when possible.
By: Andrew Daigle
