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    Being Wrong Buying Stock is Okay
    Being wrong is OK, but let's not carry it to extremes. That applies to everything, but let's limit our discussion here to the stock market.I have been trading for several decades and was an exchange memebr and floor trader for 17 years. You learn fast there or you go broke in a hurry. As you can see I managed to hold my own for a few years until I found the secret and started to become a successful trader. Every professional trader I know knows the one great secret and that is to keep your losses small.We all learned that when we took a position - either long or short - that we better be able to jump out if the trade was not going our way. Many of my friends were scalpers. That means they were trading for just a few ticks and every night went home flat. Flat is no positions at all.Others, myself included, took a longer look and planned to hold a position for a period of time. That could be several days or weeks. If you were right the longer you held on the more money you would make.The general public seems think that exchange members know everything and always made money. Tain't so. Many traders were wrong more than 50% of the time. Huh? Yes, fifty percent. My account had losses 40% of the time and 20% were scratch trades (neither winners nor losers).You ask, "If you are out of the money 60% of your trades how can you make money?" This is what every professional knows: Keep your losses small and let your profits run. How many times have you heard that one? BUT how many times have you ignored that rule?At the end of the year when you analyze your trades you find that you made $3.00 for each $1.00 you lost you
    the return business is profit. Always give your customers a lot of products and services to choose from.

    If you follow these rules and use the information provided in this collection of reports and business ideas, you should find yourself on the way to an exciting part-time or full-time mail order business that you can operate out of your own home!


    Copyright 2004 by DeAnna Spencer

    DeAnna Spencer is a virtual assistant that helps entrepreneurs run a successful business by providing affordable administrative help. She also publishes a blog for small business owners. Visit this small business resource today.

    You've Got A New Website, But How Do You Get Folks to Look At It?
    I took a look at a new Website recently in response to a request for a site review on one of my favorite forums. And, while the appearance was pleasing, there wasn't really much there. Too often, new folks to the Internet marketing world make this crucial mistake. They think that if they build a stay at home job website, customers will automaically show up and start buying stuff. When those customers don't materialize, the site owner often gives up and quits.In order for any stay at home jobsite to attract quality visitors, there are some things that need to be done. In this article, I will give you a small list of objectives, along with brief hints on how to go about meeting them. If you follow through, your site will advance in the search engine rankings, and before you know it the visitors will be showing up faster than you can count them.Search Engines Love ContentInvolve yourself in an ongoing process of collecting and/or producing articles for inclusion on your site. There are many sources of articles on the Internet. Some of them charge a small fee, while others are free. Look for articles that are relevant to the subject of your site, and add them. If these articles are rich with the keywords that you wish to target, so much the better.You can also write your own articles. This allows you to concentrate on the keywords that you wish to target, and establishes you as an expert in your field.By adding your resource box, with your URL, to the end of your articles and then submitting them to other sites and Ezines, you can generate additional traffic to your site. More about this later.Invite your visitor
    The following businesses featured in this collection are some of the best information-marketing-related mail order businesses you can easily start with very little investment. They are simple businesses that in many cases are related and fit together rather well. You can have a profitable, part-time or full-time mail order business by running as many of these mini-businesses together as you can. Take another look through the reports and see how producing and selling information, print brokering, circular mailing, producing ad sheets, co- publishing other ad sheets, big mails, mailing list rental, typesetting, rubber stamps and clip art all fit together with each other.

    You can advertise your services in flyers that get mailed with other circulars and ad sheets in your big mails, which are ordered by customers whose names and addresses get added to your rental mailing list, which is ordered by other dealers who find out about your other services.

    Customers who are not in the mail order business can still gain useful information from your products, use your print brokering services to get the best prices on their other printing needs, and can purchase return address rubber stamps from you. It all goes together in a cycle that will make money for you. All you need to do is be persistent and remember the following tips:

    * ADVERTISE! People can't and won't order from you if they don't know who you are and what you sell. Get those ads out there! You don't have to spend thousands of dollars on full page ads. Put those one-inch ads in the ad sheets you get in the mail. They are inexpensive and they're effective.

    * REINVEST! Don't expect to build a full-time business by putting a few ads in ad sheets, then never advertising again. If you want to succeed, you MUST put at least 50% of your profits back into advertising. Expand the amount of advertising you do until you saturate the market. That's the way to be a success. Start your business part-time, and keep your full-time job, so you don't need to dip into your profits for spending money. If you put your profits into advertising at the beginning, it will take less time for your part-time business to become self-supporting and full-time.

    * KEEP IMPROVING! Read and save all the mail-order related mail you get. Your files will prove to be a valuable source of information and ideas for future products, ads and services.

    * WORK WITH PROS! You will find that the competition in this business can also be your friend. When co-publishing and mailing other dealers' circulars, you will be helping them. They will help you in return. Be honest, trustworthy, and deliver on all your promises, and the other entrepreneurs you work with will do the same.

    * DON'T GIVE UP! If you think you can get rich overnight in mail order, you need to rethink things. Sure, some people have gotten lucky, but the majority of mail order businesses start slow and build slowly. You can't give up after the first month. Be like the little engine that could, and keep pushing along. It will take time, but the time you take will be worth it.

    * BE PRUDENT! Keep in mind the old adage: If you see an offer in the mail that is far too good to be true, it probably is. Don't fall for the get rich quick junk, and don't try to sell the stuff, either. Customers don't stay very loyal after they get burned.

    * KEEP THE CUSTOMER INFORMED! Customer service is of the utmost importance in mail order. Give a good guarantee on your products. If they are good and deliver on your advertised promises, you won't have to worry about many customer returns. If a customer has a complaint, make sure you answer them quickly and kindly. Sometimes, the best repeat customers are the ones who have had problems that you've corrected. They see that you have their interests in mind, and respect you for that.

    * STUFF THAT ENVELOPE FULL! Return business is the key to making money in mail order. That first order covers your costs; the return business is profit. Always give your customers a lot of products and services to choose from.

    If you follow these rules and use the information provided in this collection of reports and business ideas, you should find yourself on the way to an exciting part-time or full-time mail order business that you can operate out of your own home!


    Copyright 2004 by DeAnna Spencer

    DeAnna Spencer is a virtual assistant that helps entrepreneurs run a successful business by providing affordable administrative help. She also publishes a blog for small business owners. Visit this small business resource today.

    Now That The Rain Has Stopped, Don't Let Your Business Drown In Bad Debt!
    We have had an unusual amount of rain this year followed by hotter than normal temperatures here in New Hampshire. Normally, no matter where we are, we don’t notice the rain or heat unless it directly affects us or is unusual, like this season.This is also true with small or new business owners. Unless they have unusual circumstances, such as a bad check, or non-payment of a large balance they don’t pay much attention to the credit end of their business. Most buisness owners don't think about what to do about a bad check, until they are holding a bad check. In my 17 years as a bill collector most business owners that I dealt with only realized they had a problem once it was to late. Do not let this happen to you.There are easy steps you can take to avoid this from happening to you and your business. “One of the easiest and smartest things you can do for yourself and for your business is to implement a credit policy and have each new customer fill out a credit application” says Dunn. “A credit application will protect you and your business and let your customers knows that you mean business. Done correctly, it can increase your overall profits and sales now and in the future.”Decide on what terms will work for you and your business and make sure you will still have enough cash flow to pay your bills and maintain your business. Put everything in writing, write down what you want your terms to be. Have that printed on all your paperwork, invoices, statements, credit application, receipts. Have every potential customer fill out and sign a credit application. Check their credit!Learn debt collection techniques so if
    mail order business can still gain useful information from your products, use your print brokering services to get the best prices on their other printing needs, and can purchase return address rubber stamps from you. It all goes together in a cycle that will make money for you. All you need to do is be persistent and remember the following tips:

    * ADVERTISE! People can't and won't order from you if they don't know who you are and what you sell. Get those ads out there! You don't have to spend thousands of dollars on full page ads. Put those one-inch ads in the ad sheets you get in the mail. They are inexpensive and they're effective.

    * REINVEST! Don't expect to build a full-time business by putting a few ads in ad sheets, then never advertising again. If you want to succeed, you MUST put at least 50% of your profits back into advertising. Expand the amount of advertising you do until you saturate the market. That's the way to be a success. Start your business part-time, and keep your full-time job, so you don't need to dip into your profits for spending money. If you put your profits into advertising at the beginning, it will take less time for your part-time business to become self-supporting and full-time.

    * KEEP IMPROVING! Read and save all the mail-order related mail you get. Your files will prove to be a valuable source of information and ideas for future products, ads and services.

    * WORK WITH PROS! You will find that the competition in this business can also be your friend. When co-publishing and mailing other dealers' circulars, you will be helping them. They will help you in return. Be honest, trustworthy, and deliver on all your promises, and the other entrepreneurs you work with will do the same.

    * DON'T GIVE UP! If you think you can get rich overnight in mail order, you need to rethink things. Sure, some people have gotten lucky, but the majority of mail order businesses start slow and build slowly. You can't give up after the first month. Be like the little engine that could, and keep pushing along. It will take time, but the time you take will be worth it.

    * BE PRUDENT! Keep in mind the old adage: If you see an offer in the mail that is far too good to be true, it probably is. Don't fall for the get rich quick junk, and don't try to sell the stuff, either. Customers don't stay very loyal after they get burned.

    * KEEP THE CUSTOMER INFORMED! Customer service is of the utmost importance in mail order. Give a good guarantee on your products. If they are good and deliver on your advertised promises, you won't have to worry about many customer returns. If a customer has a complaint, make sure you answer them quickly and kindly. Sometimes, the best repeat customers are the ones who have had problems that you've corrected. They see that you have their interests in mind, and respect you for that.

    * STUFF THAT ENVELOPE FULL! Return business is the key to making money in mail order. That first order covers your costs; the return business is profit. Always give your customers a lot of products and services to choose from.

    If you follow these rules and use the information provided in this collection of reports and business ideas, you should find yourself on the way to an exciting part-time or full-time mail order business that you can operate out of your own home!


    Copyright 2004 by DeAnna Spencer

    DeAnna Spencer is a virtual assistant that helps entrepreneurs run a successful business by providing affordable administrative help. She also publishes a blog for small business owners. Visit this small business resource today.

    Mortgage Brokers and Mortgage Lenders
    It is recommended that you work with a mortgage broker or a mortgage lender before you shop for a house. You don't want to end up falling in love with a home and then finding out you can't afford it. Getting pre-qualified or pre-approved for a loan can help you decide what price range fits your situation. So what's the difference between a mortgage broker and a mortgage lender?A mortgage broker is basically a retail seller of a loan. They get paid a commission from the lender and a service fee from you. The service fee can include an origination fee, a processing fee, a closing fee, and/or points on the loan. The fees will be listed on the documents you sign at the title company, on the day of closing. The advantage of using a mortgage broker is that they have information on a wide range of lenders and loans that can fit your needs. A mortgage broker's obligation to his/her customer is to find the best rate possible and make sure all the documents are prepared by the closing date. To do otherwise could cause the mortgage broker to lose customers and tarnish their reputation with other real estate professionals.A mortgage lender is the actual institution servicing your loan. A lender could be a bank, a credit union, or a quasi-government company like FNMA or "Fannie Mae". Sometimes a lender will sell the loan to the open market, but still continue to service it. The fee of a lender is typically less than that of a mortgage broker. The mortgage broker, however, might find you a better rate because they are not bound by the policies of one institution. It is, therefore, debatable that going directly to the mortgage lender for a loan will s
    full-time job, so you don't need to dip into your profits for spending money. If you put your profits into advertising at the beginning, it will take less time for your part-time business to become self-supporting and full-time.

    * KEEP IMPROVING! Read and save all the mail-order related mail you get. Your files will prove to be a valuable source of information and ideas for future products, ads and services.

    * WORK WITH PROS! You will find that the competition in this business can also be your friend. When co-publishing and mailing other dealers' circulars, you will be helping them. They will help you in return. Be honest, trustworthy, and deliver on all your promises, and the other entrepreneurs you work with will do the same.

    * DON'T GIVE UP! If you think you can get rich overnight in mail order, you need to rethink things. Sure, some people have gotten lucky, but the majority of mail order businesses start slow and build slowly. You can't give up after the first month. Be like the little engine that could, and keep pushing along. It will take time, but the time you take will be worth it.

    * BE PRUDENT! Keep in mind the old adage: If you see an offer in the mail that is far too good to be true, it probably is. Don't fall for the get rich quick junk, and don't try to sell the stuff, either. Customers don't stay very loyal after they get burned.

    * KEEP THE CUSTOMER INFORMED! Customer service is of the utmost importance in mail order. Give a good guarantee on your products. If they are good and deliver on your advertised promises, you won't have to worry about many customer returns. If a customer has a complaint, make sure you answer them quickly and kindly. Sometimes, the best repeat customers are the ones who have had problems that you've corrected. They see that you have their interests in mind, and respect you for that.

    * STUFF THAT ENVELOPE FULL! Return business is the key to making money in mail order. That first order covers your costs; the return business is profit. Always give your customers a lot of products and services to choose from.

    If you follow these rules and use the information provided in this collection of reports and business ideas, you should find yourself on the way to an exciting part-time or full-time mail order business that you can operate out of your own home!


    Copyright 2004 by DeAnna Spencer

    DeAnna Spencer is a virtual assistant that helps entrepreneurs run a successful business by providing affordable administrative help. She also publishes a blog for small business owners. Visit this small business resource today.

    Pay Off Debt Now: 5 Steps To Getting Your Finances in Order
    In our world of dizzying change, nothing is more true than the time honored statement that circumstances always change.No where is this more true than with financial issues.Have you ever borrowed money, or charged up the VISA card at Christmas, all the while telling yourself that you would pay everything off with a coming tax refund or bonus?Sound familiar. And then what happens when the bonus money arrives?Let me guess….circumstances changed, the car needed brakes (or the kids needed braces, etc), and the VISA debt and interest charges keeps piling up.Unless you have a plan, you will always be caught in the unpredictable grip of “changing circumstances.”This is a slippery slope that can very quickly become serious financial stress. Consider the fact that Americans are declaring bankruptcy at record rates. One in every 100 families is affected by a bankruptcy.I was on this slope 10 years ago. Declaring personal bankruptcy and filing for divorce went hand in hand.One of the most insightful moments of the process was preparing a written log for the trustee of all of our spending for the 5 years leading up to bankruptcy.While all of the individual decisions made sense in the moments that they were made, they looked totally foolish in the context of the “bigger picture”In other words, constantly changing circumstances drove us off our financial roadmap.Consider this five step plan for getting on, and staying with, your financial roadmap.Step No. 1: Make a list of what you owe & prioritize: Put all your bills in a pile. Then list your debts in order, starting with the lar
    like the little engine that could, and keep pushing along. It will take time, but the time you take will be worth it.

    * BE PRUDENT! Keep in mind the old adage: If you see an offer in the mail that is far too good to be true, it probably is. Don't fall for the get rich quick junk, and don't try to sell the stuff, either. Customers don't stay very loyal after they get burned.

    * KEEP THE CUSTOMER INFORMED! Customer service is of the utmost importance in mail order. Give a good guarantee on your products. If they are good and deliver on your advertised promises, you won't have to worry about many customer returns. If a customer has a complaint, make sure you answer them quickly and kindly. Sometimes, the best repeat customers are the ones who have had problems that you've corrected. They see that you have their interests in mind, and respect you for that.

    * STUFF THAT ENVELOPE FULL! Return business is the key to making money in mail order. That first order covers your costs; the return business is profit. Always give your customers a lot of products and services to choose from.

    If you follow these rules and use the information provided in this collection of reports and business ideas, you should find yourself on the way to an exciting part-time or full-time mail order business that you can operate out of your own home!


    Copyright 2004 by DeAnna Spencer

    DeAnna Spencer is a virtual assistant that helps entrepreneurs run a successful business by providing affordable administrative help. She also publishes a blog for small business owners. Visit this small business resource today.

    Bottom Fishing
    When the market is a bit funky, it is obvious that the last thing you want to do is release bad news, but the rules are the rules and when someone announces they have missed earnings or revenues the punishment is quick and severe. But its usually overdone! For instance is it right to cut a stock in half when the worst thing they said is that sales were off by 10%? More times than not the market overreacts to everything and this can be a great buying opportunity for you. If you see enough charts for enough years it is quite clear that the initial reaction to a bad news report is often overdone and the stock pops back a bit on a rebound. This is called a "dead cat bounce" in market language. But what we are focusing on isn't really a dead cat bounce, its bottom fishing and that is a bit different.Here is the scenario: A company announces that they beat estimates but revenues were a bit soft. That causes a huge panic and they sell off the stock in a big way. So a stock that was 30 on Tuesday morning closes at 18 that night! Then Wed. comes and it pops back up a bit (the dead cat bounce), maybe getting to 21 or so. But very often that dead cat bounce is met with some more selling as the market moves on to slaughter some other poor company. Finally the stock settles in somewhere around 20 dollars and sits there for quite a while. This is where it gets interesting to watch it. A lot of times that thing will sit and crawl along that 20 dollar line for a long time, just wiggling up a 1/2 and down a 1/2 for a week or two. But in todays market, CEO's and CFO's can't afford to have their stock just sitting because shareholders are so well informed an
    the return business is profit. Always give your customers a lot of products and services to choose from.

    If you follow these rules and use the information provided in this collection of reports and business ideas, you should find yourself on the way to an exciting part-time or full-time mail order business that you can operate out of your own home!


    Copyright 2004 by DeAnna Spencer

    DeAnna Spencer is a virtual assistant that helps entrepreneurs run a successful business by providing affordable administrative help. She also publishes a blog for small business owners. Visit this small business resource today.

    DeAnna Spencer - EzineArticles Expert Author

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