Archive for

Lack Of Disciplined Investing Causes Most Losses

Lack of disciplined investing causes most investment losses. It’s that simple. If our investment program loses money over a period of years, we should likely blame ourselves, not the economy, bad luck, lack of knowledge or failing share prices. Time fixes these challenges.

The biggest single reason for investment losses: lack of disciplined investing. That’s one element time alone will not fix.

Why discipline and investing are mutually exclusive to so many people who have little difficulty in being disciplined about other things is a puzzle. It’s not too difficult to be disciplined about games, for instance. Bending the rules is far less satisfying than playing the game as it’s supposed to be played.

So why do we have so much trouble with disciplined investing? Why do we so often think our way of doing things, or our ideas, should be better than the very simple rules that govern successful investment programs?

You just have to look at the numbers of people who lose, or whose return is dismal, to be sure of one of two things: investing is a scam, or a large number of people get it wrong. Why should that be, when the rules are really quite simple?

One of the problems with discipline is that no one else can tell us how to develop it. That’s something we have to do for ourselves. But maybe it helps just to know in advance that disciplined investing seems to be so difficult for so many people. At least, we can be prepared for that lack of discipline which, in hindsight, we all recognize and regret.

There are only a handful of rules that are essential for long-term investing success. One is proper diversification in keeping with your age. Another is regular rebalancing, a simple method for taking some profits and reallocating the capital to lagging investments (assuming you made reasonable choices in the first place). There are a few others, of course, but they have less to do with choosing the right investments than you might think.

Patience is an important attribute, as is confidence in your decisions. Confidence may sound ridiculous to the novice investor who understands little. Just take the time to learn about these simple rules and you will see the mathematical certainty behind some of the key ones. When you do, you will gain all the confidence you need to weather the rough patches that will inevitably come.

With confidence, you have everything you need. It will allow you to bring discipline, determination and patience with you to the table.

Home Based Business Tips And Ideas For Success With Your Online Business Opportunity

Starting a home based business has now become an obsession to many people who have a computer and has access to the internet. In recent years there has been a plethora of programs and opportunities that are being aggressively marketed. There has also been no shortage of hungry opportunity seekers gullible enough to jump on-board many of these programs, with no clear vision of what to expect.

Joining an online business opportunity is by far the easiest way to start a home based business. Many people have carved out a successful career path by starting an online business that has led them to major success with a home based business. If you’re really serious about working from home then there are many online business opportunities for you to look into. Remember to do your research first.

Over the past few years, the Internet has become a valuable tool for consumers and those looking for information. Depending on your interests, skills, and knowledge of online sales, you can start a business selling one product or service, or many products and services. Most online businesses are also very cost effective and this gives almost everybody a fighting chance. All you need is a computer with Internet connection, a website and shipping supplies if you’re sending products to consumer’s homes or offices.

In starting your home based business, you will need to learn about the many ways to market your product or service. While building a website is a great place to start, because there are millions of sites online, you will need to find unique ways to stand out from the crowd and draw visitors to your site. Learning effective marketing and advertising skills is required to give you a competitive edge.

Building a customer subscriber list should be your top priority as an online marketer. This is accomplished by creating ‘direct response’ landing pages to capture your visitors names and emails, which allows you to provide relevant information about your product and service.

Sending out periodic emails through your auto-responder offering your subscribers other products or services that you might be marketing, will increase sales and build a solid customer base. This is what the top income earners online use to build long-term profitability for their business. This will also contribute to your online presence.

If you are new to online sales and marketing there is a lot of books, guides, and other information that you can read in order to learn more. Keep in mind that many successful online business owners do not have to pay much to advertise their websites. They rely heavily on their customer email lists, creating blogs, submitting articles to article sites, writing press releases and answering questions on open forum sites.

Off-line print advertising is also important – so be sure to take out an ad in your local newspapers,
magazines, and other periodicals, which of course should include your web address and contact information.

There are various other ways to bring in business by attending conferences, social gatherings, trade shows, and networking functions. Not only will you be able to meet potential customers, but you will also meet other online business owners. This can help you increase your exposure by sharing information, tips and resources. While paying to advertise on search engines, buying solo or ezine ads and the many other paid advertising sources are effective, there are many free ways of advertising that save money and still get your business out there.

As you learn more about online business opportunities, you may decide that one business is not enough. Some online business owner’s run two or three or more online businesses from the comfort of their homes to grow their income through ‘multiple streams of income’. Depending on your financial goals and the time you have, you might want to start more businesses, thus utilizing the home based business concept to the fullest. Most times these businesses are similar in nature and rely on the same marketing strategies, so they can be incorporated without too much hassles.

When running more than one business, it is important to keep things as simple as possible. Make sure you create simple websites, try to sell products digitally to avoid having to physically ship products daily. It’s also good to maintain separate files and folders so that you can offer quality customer service, maintain accurate records, and manage your businesses easily.

Establishing a successful home based business from various online business opportunities can be a very interesting and rewarding adventure. It can be very time consuming and could involve some hard work in the initial stages; however, by setting your goals, having a business plan and taking consistent action daily, you could have a smooth running operation in no time… and it will be well worth it.

Thanks for reading.

Home Business Opportunities – How To Sort The Eagles From The Turkeys

Several home business opportunities make promises they can’t keep. According to a recent study, nearly 98 percent of advertised home business opportunities are scams. That simple fact makes it quite difficult to find legitimate home business opportunities online. Business opportunities that promise thousands of dollars overnight are generally not legitimate. Those looking for great home business opportunities can follow one simple rule: if it seems too good to be true, it probably is.

A home-based business differs from a work-at-home job in several ways. The most significant difference is the simple fact that a work-at-home job does not require a down payment or purchase of a business kit. Home business opportunities, like brick and mortar business opportunities, will always have start-up costs. You will be personally and solely responsible for all decisions regarding the business. A home business opportunity will always require at least a minimal fee and probably a Web site setup fee. Work-at-home opportunities are always free.

Finding the perfect home business opportunity to suit your needs may not be as easy as using your favorite search engine. If you haven’t had the luck you expected, you may be more successful matching your talents to a new business opportunity. Here are a few examples of how your current skills may be applied to start your own home-based business:

* Accounting Service

* Auctions

* Sewing or Alterations

* Pet Grooming Service

* Answering Service

* Medical Transcription

* Scrapbooking Service

* Herbal Remedies

Some skills are better suited for an online business. Here are a few examples of businesses you can start.

* Newsletter Service

* Health Consulting Service

* Proofreading

* Resume Writing Service

* Virtual Assistant Service

* e-Book Author

* Online Tutoring

* Web Design Service

Home franchise businesses are rapidly growing in popularity. Franchise opportunities include a wide variety of businesses that have a proven track record. Prepaid phone and adult Web access cards are viable home business opportunities for someone who’s confident in their selling abilities. Financial, business and personal life coaches have also banded together to teach others how to create their own wealth using patented, proven systems. Their systems help the business owner help others in niche markets such as weight loss and health care.

Like brick and mortar franchises, online franchises require a down payment and a lot of hard work and dedication. Any home business opportunity will require hard work from you. Those that talk of easy money are among the 98 percent that make promises they can’t keep. Always steer clear of overnight money making scams. Any business that offers a large return on investment with little or no effort on your part is potentially a scam waiting to happen. Any successful business owner will tell you how difficult it is to build an empire. This stands true with any business venture. The key to choosing a successful home-based business is to choose something you enjoy. If you do not enjoy what you’re doing, you aren’t likely to succeed.

While searching for the home business opportunity that’s right for your situation, perform your due diligence. Research each opportunity thoroughly via your favorite search engine, but also join message forums and online communities. Even there, take everything with an ounce of skepticism. What some may consider a scam may be a great business opportunity to others. Business needs will differ from one person or situation to another. Input from others who have been where you presently are will provide a wealth of knowledge and help on your journey.