Getting Rich The Easy Way?

We have all heard the story about multi-millionaire Auction Site sellers, but how did they do it? Anecdotal evidence suggests that 85% or more got in on the ground floor. The real rich sellers got in when the auction site was a fledgling.

Why and how did this happen? It’s simple – Auction sites treat their early big sellers like gold – and we know this from experience. We were a super seller on the biggest auction site around, but we couldn’t break into the multi-millionaire category, however in our efforts to discover what it was that made the difference we wined and dine their executives.

It was during these, off the record, conversations that we were told how it was done and how they made millionaires out of hundreds and made multi millionaires out of dozens of their early adopters.

The secret is the in the relationship between the auction site and its “Star” sellers. So when you join a new Auction site it is important to make a serious effort to distinguish yourself from the other sellers in the crop by being conscientious and considerate of both your clients and the owners of the website.

Of course this is just the beginning; wealth comes through hard work endurance and persistence. The selection of the right Auction website is important and there are only a few new Auction sites with advanced seller programs and you don’t find out about them until after you have proved yourself.

Once you join, spend a few weeks in establishing yourself, listing a good range of the product you have. Be careful not to fall into the trap of overpricing your products. If after a period of time you have not sold much, do not be disheartened, as this is the foot in you are looking for. Write a letter to the admin, telling them of your efforts and your desire to make both them and yourself succeed.

You will be surprised to find that many Auction site owners are ex-big sellers themselves and they will often be willing to pass these secrets onto their trusted sellers.

10 Easy Steps Towards Stock Market Success

We all need a set of guidelines to help us along the way. This is what I use in all of my investments to ensure that I maximize every profit and virtually eliminate all of my risks. Now you can too…

1. Set Your Goal

You always want to start off any potential investment by thinking about what you want out of it. Ultimately, you're going to be making money off of it…duh. But how much? How quickly? How will this particular investment play into the bigger picture of all your finances? Getting all of this figured out ahead of time will give you a clearer image of your investment down the road.

2. Time to Strategize

We all know there are literally thousands of investment tactics out there. So pick one. Take your time and study up to find the approach that works best according to your financial goals. You can tweak it accordingly as you go through the rest of these steps, but the better prepared you are the smoother the entire process will go.

3. Asses Possible Risks

It is absolutely essential that you highlight the risks your investment will bring up. The key is to look at them realistically, not optimistically. You have to be able to devise an effective and PRACTICAL management plan. This will not only minimize your losses but in turn guarantee you maximize your profits, even if the investment tanks.

Notice how this step comes before profit assessment? This is to make sure you don't get overwhelmed with excitement before you size up the gamble you're taking.

4. Think about Profit Potential

Basically, you have to get paid, but you need to be able to do it at the right time. Most inexperienced investors just go for the cash, but by the time they actually collect their profits have diminished. Know when and how to get out so that the process is smooth and efficient.

5. But Are There Alternatives?

Do a little more homework. Check to see if there are other investments that have fewer risks, a better profit potential, or if there are is another strategy that will make your life easier (or hopefully a little richer at the end of the day).

6. Scaling the Mountain

This one goes along with devising an initial strategy. Every investment you make will have its challenges to optimize rewards and minimize shortcomings. By anticipating them you can create a strategy that will do just that.

7. Design Your Plan B

Set specific boundaries as to when you should get out of an investment. Whether everything goes wrong and you need to bail out or you've hit it big and need to move on, having explicit limits prevents you from losing returns or just losing more money.

8. Making the Right Choice

Investing takes time, so for one last time look over your new project as a whole. Now you've got all the pieces to see if this investment is really worth your while. And it's ok if it isn't: you'll be better off starting from scratch than losing on a big gamble.

9. Go for the Gold

In choosing to pursue an investment, go after it. Give it everything you've got and you'll come up a winner. Cliché, I know, but even if worse comes to worst you won't be that big of a loser either. Wholeheartedly following through on your game plan will give you the best returns in the long run.

10 Debrief

In the end look back over your plan. If somehow you bombed and lost a lot of money, try to figure out what went wrong. You want to ensure that you don't make the same mistakes next time. Constantly tweak your approaches until you find that perfect strategy. Once you've done that you'll eliminate all that stress that comes with the job.

How To Make Money In The Stock Market

When it comes to learning how to make money in the stock market the first and most important lesson is to ignore what Wall Street is telling you and try to avoid that broker.

Suddenly you are faced with brokerage fees and you are reliant on contacting your broker to get the job done. If you listened to a Wall Street broker the only words you would ever hear are buy. That’s why you need to learn how to make money in the stock market.

The problem is anyone can buy stocks but it’s knowing when to sell stocks that makes you rich. It’s having an exit strategy that works and those that have made millions had just that. Your broker get’s wealthy because he sells you stocks and makes a commission. It’s time you developed your own exit strategy and knew how to make money in the stock market.

You need to first study the market. Look for companies that are undervalued and stocks with a lower price earning ratios than similar stocks then seek out bad news. Wall Street loves to overreact. This is your chance to make some investments with great potential. Investigate company balance sheets and watch for good cash flow, low debt ratios, and consistent earnings. And most of all know when to cut your losses and bow out gracefully once you learn how to make money in the stock market.

As a shareholder there are two ways you can make money – by being paid a dividend or by holding the stocks and selling when their value increases. Remember a company does not have to pay out dividends if they do not wish too. Personal preference is to go for the hold and sell at an increased value which is where your exit strategy comes into play which when you learn how to make money in the stock market you will also learn the exit strategy.

There are three things to consider when building your exit strategy. You have to ask yourself how long you are planning on staying in this trade, How much risk you are willing to take, and where are you wanting to go from here. When you answer these questions truthfully your path will become clear and you will be on your way to making money in the stock market.

Making money in the stock market is your ticket out of the 9 to 5 world.