Against the top down approach to picking stocks

If you have heard fund managers talk about the way they invest, you know a great many employ a top down approach. First, they decide how much of their portfolio to allocate to stocks and how much to allocate to bonds. At this point, they may also decide upon the relative mix of foreign and domestic securities. Next, they decide upon the industries to invest in. It is not until all these decisions have been made that they actually get down to analyzing any particular securities. If you think logically about this approach for but a moment, you will recognize how truly foolish it is.

A stock’s earnings yield is the inverse of its P/E ratio. So, a stock with a P/E ratio of 25 has an earnings yield of 4%, while a stock with a P/E ratio of 8 has an earnings yield of 12.5%. In this way, a low P/E stock is comparable to a high – yield bond.

Now, if these low P/E stocks had very unstable earnings or carried a great deal of debt, the spread between the long bond yield and the earnings yield of these stocks might be justified. However, many low P/E stocks actually have more stable earnings than their high multiple kin. Some do employ a great deal of debt. Still, within recent memory, one could find a stock with an earnings yield of 8 – 12%, a dividend yield of 3- 5%, and literally no debt, despite some of the lowest bond yields in half a century. This situation could only come about if investors shopped for their bonds without also considering stocks. This makes about as much sense as shopping for a van without also considering a car or truck.

All investments are ultimately cash to cash operations. As such, they should be judged by a single measure: the discounted value of their future cash flows. For this reason, a top down approach to investing is nonsensical. Starting your search by first deciding upon the form of security or the industry is like a general manager deciding upon a left handed or right handed pitcher before evaluating each individual player. In both cases, the choice is not merely hasty; it’s false. Even if pitching left handed is inherently more effective, the general manager is not comparing apples and oranges; he’s comparing pitchers. Whatever inherent advantage or disadvantage exists in a pitcher’s handedness can be reduced to an ultimate value (e. g., run value). For this reason, a pitcher’s handedness is merely one factor (among many) to be considered, not a binding choice to be made. The same is true of the form of security. It is neither more necessary nor more logical for an investor to prefer all bonds over all stocks (or all retailers over all banks) than it is for a general manager to prefer all lefties over all righties. You needn’t determine whether stocks or bonds are attractive; you need only determine whether a particular stock or bond is attractive. Likewise, you needn’t determine whether “the market” is undervalued or overvalued; you need only determine that a particular stock is undervalued. If you’re convinced it is, buy it – the market be damned!

Clearly, the most prudent approach to investing is to evaluate each individual security in relation to all others, and only to consider the form of security insofar as it affects each individual evaluation. A top down approach to investing is an unnecessary hindrance. Some very smart investors have imposed it upon themselves and overcome it; but, there is no need for you to do the same.

Ben nevis - a brief history of humans on the mountain

If you are planning to attempt to walk up Ben Nevis this summer there are some interesting facts you might like to know. Standing at 1,344 metres high (or 4,408 feet) Ben Nevis is the highest mountain in the British Isles, and as such is the major challenge for any UK climber or walker. It is also a challenge for people to get into the record books by attempting the climb in peculiar ways!

For the novice or non serious walker, once this peak has been achieved you can sit back and hang up your walking boots knowing that you have beaten the ultimate walk (as far as height is concerned, anyway).

Ben Nevis, translated from the Gaelic means 'Mountain of Heaven'. The first recorded ascent was in 1771, and in 1883 the footpath and observatory were built all thanks to Clement Linley Wragge, nicknamed Inclement Wragge.

Ben Nevis Weather

If you plan to walk up Ben Nevis you will find it hard to pick a day with perfect weather. The mountain summit is only clear on one day out of 10 on average. The old observatory records show 261 full gales per year, and 4,350 mm of rainfall, compared with less than half that amount in Fort William, the town at the foot of the Ben. The wettest month of the year is December. Only in April, May and June is the monthly rainfall less than 25 cm.

The AVERAGE temperature at the summit is one degree below freezing.

Deep snow lies all year in large pockets at the foot of the northern and northa east cliffs, and snow can fall in any month of the year. h

Every year around 100,000 visitors find their way to the summit. Following the path on a summer's day is a fairly safe way to the top, but going off the path or rock climbing can be very dangerous. In a five year period there were 13 deaths on the mountain. Although most averagely fit people can reach the top safely, it is not a walk in the park, and common sense safety precautions should be followed.

Check the weather before you set out!

Always make sure someone knows you are going to climb the mountain so they can raise the alarm if you do not return!

Keep to the path!

Meteorologists on Ben Nevis

Wragge was a meteorologist who climbed Ben Nevis every day to collect weather information. Wragge would collect information from various points on the way up and down the mountain, and his wife would collect readings from their home at sea level. His journey took him four hours to reach the top, and he was away from home for around 11 hours per day. From the 1st June 1881 to the 14th October 1882, and for a similar period in 1882 Wragge climbed the mountain every day without fail. In 1883 sufficient funds were raised to build the path and the 13 foot square room with 10 foot thick walls which was to be the Observatory. To help raise the funds walkers using the path were charged 1 shilling (5p in modern money), and 3 shillings if they were on horseback. Permits could be bought from a shop in Fort William, or from a path maintenance man based at the half way hut.

By 1884 an office, two bedrooms and a visitor's room was added to the observatory, together with a 30 foot tower (which would rise above the snow in the winter. The observatory was connected by telegraph, and later by phone to the Fort William Post Office. From 1884 to 1904, when funds ran out, the observatory was permanently manned and weather conditions were rigorously recorded. The normal summer shift at the summit was two months. They had fresh food in the summer. In the summer tinned food for nine months was taken up by horses, and coke, for fuel, was carried the same way.

To amuse themselves the staff of the observatory made sledges, used snow shoes and skis, and made an outdoor ping pong table out of frozen snow. They carved wood, and played the pipes, violin, flute, mandolin and accordion. One of their more alarming pastimes was to hurl large boulders over the cliffs so they could hear them rumble and crash into the glen below.

Temperance Hotel

A small wooden hotel annexe was also opened, the Temperance Hotel, run by two young ladies who provided food and a bed during the summer months. They charged 3 shillings for lunch, and 10 shillings for tea, bed and breakfast. A fashionable way to ascend the mountain was by pony, and 21 shillings hired the pony and a guide.

In 1916 the hotel also closed, and the buildings gradually fell into disrepair, aided by fire, and climbers who in 1950 were seen stripping the lead from the roof and rolling it down the mountain.

Ben Nevis conquered by Car

In 1911 a 20 horse-power Model T Ford was driving to the top of the mountain as a publicity stunt by the Ford agents in Edinburgh. Henry Alexander Jr, the son of the owner, was the driver. The car was not simply driven up the track - it involved 10 days of preparatory work finding and checking a driveable way to just the half way mark, and to put in bridging planks. It took three further days to drive the car to this point and just two more days to cover the stones and snow to the observatory. The car would sink axle deep in the boggy ground and would have to be hauled out by role. The 'Daily Telegraph' reported at the time that a false turn of the wheel would mean a fall which would have caused total destruction to the car, and certain death to the driver!

Me Alexander was feted as a hero when the car returned to Fort William. After the brakes were adjusted no other repairs were necessary, and the car was driven back to Edinburgh.

Mr Alexander seemed to enjoy his feat so much that he repeated it in 1928, this time in a Standard New Ford (Model A Ford). The last quarter of a mile was driven with four passengers.

Ben Nevis conquered by Bed

In 1981 a group of Glasgow University medical students pushed a bed to the top - they were accompanied by the former newscaster Reginald Bosanquet (then 48) who collapsed 1000 feet up. He later recovered and was able to walk down.

Other weird ascents:

A man from Fort William pushed a wheelbarrow to the summit and back before 1911.

A horse and cart has also been driven to the top.

In September 1980 the kilted Kenneth Campbell of Ardgay, Ross-shire carried a barrel to beer to the top to raise funds for cancer research. The barrel had legs down either side so it could be put down on the ground whenever he needed a breather.

The same Kenny also carried a piano to the summit and back.

So, whilst your planning your walk or relaxing after having achieved it, just spare a thought for the man who climbed the mountain day after day to take readings at the observatory, or those who have attempted the climb in improbable circumstances. For me, once was enough to say I had done it. But maybe the tales of the endeavours above have inspired you…..?

Moving to canada

There are plenty of sites offering information on how to apply for a Canadian Immigration Visa and many more offering services (paid of course) to help you do it. One of the major issues I had during the immigration process was the actual move itself and what happens when you arrive. I have received plenty of emails through my information website, onestopimmigration-canada. com, asking for additional help and advice about what forms are required, what to expect at the Canadian customs and what to do when they first arrive in Canada.

I won’t pretend this article will answer all questions for everybody, but I’ll be giving as much background as I can with more, detailed information backing it up from the website in the text or by links to the appropriate authority. I’ll start with one of the biggest headaches – the house sale (if you own) and packing up for the move.

Packing Up

When it comes to moving house there are several theories as when to put the house up for sale. Basically, we were told to wait until called for medicals as at least then you are over half way through the process. We were lucky in that we had somewhere to go, so we put the house on the market as we just wanted to have it sold and out of our hair! Even then, as "Our Story" shows, we had trouble. If you own your house you need to asses the local housing market and though its always a gamble, plan your house sale and know at what stage in the immigration process you will put it up for sale.

Everyone’s circumstances are different, but once the visa is issued, you only have 12 months from the date of your MEDICALS to physically land in Canada. One big worry I had was that we wouldn’t be able to sell the house quickly which in turn would delay our landing. If you miss the 12 month deadline, you will probably have to redo the medicals at a fair cost and then resubmit form there. Or you could land in Canada with your house unsold back in your native country with all the problems that entails. With many people’s houses being their main source of settling funds, you’ll need to have that money in the bank as soon as you can after landing.

If there is anyway you can find temporary accommodation then to have the house sold is one less headache you need when you are moving countries. You may pay rent for a while but at least you know what is in the bank when you arrive in Canada and this allows you to budget properly for your new life.

We used the whole exercise to get rid of all our old or unwanted things and start again. It comes down to economics if it costs more to insure, store and ship something than its worth. The decision on whether to insure or not is a personal choice and depends upon the value of the items you are shipping and don't forget to take into account any excess fees you have to pay in the event of damage or losses. You will need to build a list of all the items you are bringing into Canada and give their values in Canadian dollars.

This is probably easiest to take it from the inventory drawn up by the packing company – give as accurate assessment of value as you can but don’t spend weeks on it. If you have a box of kids toys for example – put your best guess at the value on the list as follows:

1. Box of assorted used kids toys C$100.00

2. Box of photographs No commercial value

3. Queen size bedC$850.00

And so on. You will be expected to have several copies of your packing list and a form B4 (Goods to follow) with it upon your arrival so make sure you have at least 3 copies in your hand luggage. Its ok to have too many but a pain if you don’t have enough!!

You will also need a similar list for any items you bring with you on the day of arrival and also any other subsequent shipments (we had an extra large box of things couriered in a totally separate shipment just before we left).

The chances are you will be using a specialist international moving company to move your possessions to Canada. Depending upon where you are moving from, you may have a long wait for your things to arrive at their final destination. You may also decide to store the property in your home country while you find the home of your dreams so make sure you allow for storage charges and extra insurance. These charges soon mount up and can give you a nasty surprise.

One thing I’ll say about the moving companies is that you are paying them for a service, if they are a good company they will be able to advise on the correct paperwork etc and formalities that will ensure a smooth arrival and customs clearance in Canada. You don’t need your shipment to be turned away from the port of entry (very expensive when they order its return to the original port of departure) or you end up liable for extra taxes etc. because of incorrect paperwork. You may well be able to have it repaid once you prove it is legitimate but you will still be out of pocket in the short term.

Most shipping agencies charge by the cubic foot and have several schemes offering different rates - "share a container" or "Full container". The Full container service will have the container packed and sealed at your residence. The shared container service will see your possessions packed at your residence and then transported to the companies’ depot. Once there it is packed with other items to complete a container.

Pets

As with everything, your circumstances depend on whether you'll bring any pets over with you. There are strict rules to be adhered to for the Importation Of Animals - as with most countries - so please ensure you fully understand what is required.

There are a few things to consider - if you are going into rented accommodation on your arrival having a pet will seriously restrict your choice of home. The local bylaws concerning pets are fairly strictly enforced leading to large fines if broken so make sure you understand them!

Make sure any inoculations are in date and you have the records. Also, it isn't cheap to transport animals so bear that in mind too. Its worth delaying the arrival of your pet if possible to give you time to settle in and complete all the arriving formalities with one less thing to worry about. After a long and stressful journey do you really need to stay at the airport for several hours while the vet inspects your pet and completes all the necessary paperwork? Then you have to organise the transport to your accommodation (if they take pets) with a stressed out animal!

At the end of the day, moving countries is enough of an upheaval without leaving the family pet behind. That was the case for us so we brought our 3 year old Golden Retriever "Boris" over about 2 weeks after us. Boris was in kennels for 2 weeks prior to his departure during which time he had a custom travel kennel made for him and time to get used to it. All the necessary paperwork and vets examinations were handled by the shipper and he was booked on a scheduled flight. On the day of the flight he wasn't put in the kennel until the last minute before loading which kept the time in the kennel restricted.

When we collected him all the paperwork was in order and all we had to do was go to the customs hall in the Calgary Terminal (pay a C$30.00 import duty) and then return to the cargo terminal with the release paperwork to collect one seriously excited dog!

Arrival Day

I guess it would be the worst nightmare if you landed without the correct documentation so hopefully we can help avoid that! It is essential that these items are carried in your HAND LUGGAGE and not packed away in a suitcase. All the Immigration processing takes place before you reclaim your baggage.

Your Canadian Immigrant visa and confirmation of Permanent Residence for each family member with you.

A valid Passport or other official travel document for each family member (normally must have a minimum of 6 months left before expiry).

Sufficient funds to cover your living expenses for 6 months.

Two copies of a detailed list of ALL the personal or Household items you are bringing with you. These lists must state how much the items are worth in Canadian Dollars.

Two copies of a list of items to follow - if you are shipping things later. Again, the values in Canadian Dollars must be shown.

For the goods to follow we used the insurance values we had stated to make it easier (as described above) and had made detailed lists of everything to come and in what shipment they were in. The Canadian Customs and Border Crossing Agency (CBSA) are responsible for enforcing the laws and provide the form B4 for personal effects accounting. You should receive a checklist and detailed instruction on what is required for your arrival in Canada when you receive your immigration visa’s I know when we had our visa's issued they were accompanied by a checklist of documents.

If you have any questions please contact your nearest High Commission or the CBSA BEFORE you leave your home country – one good tip is to ensure any important documents or transcripts are translated into English or French as required (if they aren’t already) before you arrive . For a more detailed overview go to our Customs and Immigration page.

It may be advisable to carry any other personal documents in your hand luggage as well. The Citizenship and Immigration Canada E-Book “A Newcomers Introduction to Canada” gives excellent advice on this matter.

As with most countries around the world, Canada takes its security extremely seriously and will not bend the rules for anybody. The guidelines are quite straight forward and to ensure a problem free arrival its imperative you stick to them. There are two main pamphlets available to assist you depending upon your circumstances.

RC4151 - Settling in Canada is the document to guide you if you are settling in Canada for the first time or after being abroad for over 3 years (For Canadians)

.

Also, for those who are moving to Canada to study or work temporarily the pamphlet RC4220 Entering Canada to Study or to Work will be your guide.

Ensure all your possessions you bring with you are listed with values in Canadian Dollar have two copies ready - one to keep and one for the officials. To speed things up when you land you can download and print the forms B4 and B4A from the CBSA website. It’s best to have all your lists typed out to make life easier for the officials. Also, you will need the same forms for the goods to follow (if any). No import tax or duties are payable on settlers personal and household effects as long as you have owned, possessed and used them prior to arrival in Canada. If possible try and find any receipts and/or registration documents to support this.

There is also a scheme for wedding gifts if you are newly married or about to be married within 3 months of your arrival in Canada. It is worth noting that any items you will be using for commercial purposes will be subject to regular duties at the current rates.

With the recent international clamp downs on terrorism and money laundering it is essential that if you physically carry on your person, over C$10,000 or foreign equivalent in cash, bonds or securities you report it to the customs official. There isn't any limit on settler’s funds but failure to follow the rules may result in the seizure of the cash and/or big fines. See the pamphlet RC 4321.

Good Luck!

What were the top selling ebay items for 2005

Amazon and eBay reported on their top-selling items for the past year. This is including popular tech toys and gadgets.

In the consumer electronics category, the top seller for the Seattle-based e-tailer was the silver CyberHome CH-DVD 300S progressive scan DVD player.

In second place was Apple Computer’s 2-gigabyte iPod nano in black, followed in third place by Apple’s 512-megabyte iPod Shuffle.

The top-selling video game was Sid Meier’s Civilization IV Special Edition.

This is followed by Game Boy Advance SP: Spongebob Bundle with Spongebob: Battle for Bikini Bottom and Nicktoons Freeze Frame Frenzy.

In third place was PS2 Star Wars Battlefront II.

The most popular software was QuickBooks Pro 2006 Financial Software for Small Business, followed by Norton AntiVirus 2006, and Microsoft Office Standard Student and Teacher Edition 2003 in third place.

In terms of Thanksgiving sales, eBay released a special report early on Black Friday. The top-selling toys ahead of Black Friday were the FLY Pentop Computer, Harry Potter Scene It? DVD trivia game, and the Thomas the Tank Engine aquarium set.

Sales of the FLY Pentop Computer jumped 77 percent on eBay over the past two weeks compared to the previous fortnight.

The San Jose, California-based auction service also reported that it sold more than 5,000 Xbox 360 game systems in the first 24 hours it was available on November 22, averaging about 3.5 sold per minute.

On that day, the average price for the Xbox 360 units, many of which came bundled with game cartridges and accessories, was $821.

eBay had 5,400 Xbox 360 units available on the site as of Thanksgiving Day.

On another front, Jessica Simpson fragrances outsold Paris Hilton’s and Jennifer Lopez’s perfumes on eBay.

Shares of eBay were up a penny to $46.65 in recent trading, while shares of Amazon. com were down $0.36 to $47.88.

From these report alone, you will notice that some of the top selling eBay products are not really extraordinary. Some may even be just someone else’s basic things which are made like something that everyone wants to have once it is auctioned in eBay.

It is a fact. The ebay explosion has hit astronomical proportions. Over 11 million people did a search for ebay last month alone on the internet. From all walks of life, everyone is drawn to ebay.

Some people use ebay as a hobby to make extra cash. Some people have quit their jobs and are making their living off ebay. On a monthly basis, the phenomenon of ebay continues to expand and grow.

Naturally, the best advice is to start selling part time on ebay so that you can learn the tricks and secrets. It will take some time to learn the inside secrets that the sellers of top selling items know.

Take note. Many people start off selling old or odd items from their homes. Others are going to garage sales and picking up great deals and then selling these products on ebay.

You can find almost anything on ebay. You are only restricted by your own imagination. Who knows? Some of your knick knacks might even turn out to be one of eBay’s best selling items.

Here is a little tip. Other’s people junk can be your gold mine.

That old Barbie doll up in the attic or in the basement could be a gold mine and bring in a huge profit. For example, it is reported that the Collectibles Category is the top selling category on Ebay.

An old barbie doll, old red wagon, and old clock are only a few examples of items in the Collectibles Category.

It can be a great way to make extra cash. ebay will take some work and is not a get rich quick scheme. However, if you take your time and do research, you could make extra income for yourself and your family. After you start to make money on a consistent basis, you might consider doing ebay as your full time job.

For your ebay business, all you need is internet access and a product to sell.

Do not worry. If you do not have a product, there are plenty of companies where you can purchase items to sell and turn them to top selling ones. Again, who knows?

Life insurance companies

Insurance is all about the evaluation of risk and it is something that life insurance companies know a lot about. Every time life insurance companies receive an application for a life insurance policy, the companies decide how much of a risk that applicant poses to their business. This is to say that the insurance companies make an educated estimation of how long the applicant is likely to live versus how many insurance premium payments they are likely to make before death occurs.

If they believe that the applicant will live long and will therefore make a substantial number of insurance premium payments during his/her life, then life insurance companies see the applicant as low risk to their business. However, if life insurance companies believe that an applicant could die soon, and therefore make relatively few insurance premium payments while they are alive, that candidate will be seen as a higher risk by the insurance companies.

How life insurance premiums are calculated

When calculating life insurance premiums two factors are considered by life insurance companies. The first factor involves an evaluation of the general likelihood of death occurring at a particular age, and involves the scaling of applicants against normal life expectancy. This sets the 'average' risk level that different age ranges attract; needless to say that the closer you are to your average life expectancy then the higher the risk level that you'll be measured against.

The second factor is based on whether the applicant is above or below their average risk level for their age. Someone who has an unhealthy lifestyle, suffers from pre-existing health conditions and is in a stressful job is likely to be classified as 'above average'. On the flip side, someone who goes to the gym regularly, does not smoke and eats a balanced diet is likely to be seen as 'below average'. Naturally, those who are below average risk will see keener insurance premiums on their life insurance policy for their age than people who are classified as 'above average'.

Cheaper life insurance?

While there is often little we can do about pre-existing health conditions, there are ways in which to tip the scales in our favour of cheaper life insurance. This we can do by altering our lifestyle and striking a better work-life balance in a stress-free environment. Changing lifestyle habits though can be more effective for some than it can for others.

For instance, a person in their 20s living out an unhealthy existence is likely to be seen as less of an insurance threat for their age to life companies than someone in their 50s with the same unhealthy lifestyle. This is because the body of a 20-year-old will respond more efficiently to improvements in lifestyle than will the body of a 50-year-old. In essence therefore, there are different degrees of being above average and below average, making the calculation of life insurance premiums for each individual definitely a job for the experts at the life companies!

Fly fishing i know knot what i do

When it comes to fly fishing, tying a knot is not the most glamorous of subjects. Without a knot, however, you’ll not be snatching the Muskie of your dreams.

Fly Fishing Knots

First thing first, we need to get the lingo down since we wont be using illustrations in this article. Three basic terms will cover practically any aspect of the knot tying process. “Tag end” refers to the last ten inches of so of line you are holding in your hand, to wit, the pointy part you will be pushing through and wrapping around things. “Standing end” refers to the rest of the line. Yes, very complicated and difficult to understand. “Wrap” refers to the action wherein you move the tag end of the line one full revolution around the standing end. The wrap can also be called a turn, but you have the general idea.

As with practically anything in fly fishing, there are an infinite number of variations to knots. Mysterious variations include the Steroidius Double Flip [good for catching professional athlete fish], the Marigold Hammer [good for catching the neighbor’s plants while practicing in your back yard] and the Wifeous Annoyous [a complex knot that gets you in trouble with the wife since you’re supposed to be painting the garage], but you probably start with the “Aarrgg, Dammit…” knot common to beginners.

Fisherman’s Knot

Other than tying your shoes, the easiest knot to learn is the fisherman’s knot. Get your hook in one hand and tag end in the other. And a one and a two…

1. As you proceed, keep everything slack. We will be passing the tag end through loops we create. DO NOT tighten anything until told to!

2. Pull the tag end through the eye of the hook.

3. Bend the tag end back to the standing end and wrap four or five times. Make sure you do not tighten the wrap. [You should now have a closed loop through the hook.]

4. Take your tag end and push it through the loop formed by the wrap. Do not push it through the hook eye, just the bigger loop of line.

5. You will have just created another loop and should pass the tag end through again.

6. Slowly pull on the hook and stag end until the knot is tight. Watch those fingers.

Congratulations! If you’ve tied the perfect knot, it is time to hit local fishing spot. If you’ve made a mess of it, try again. Either way, you get to avoid painting the garage.

The proper mindset - the affiliate person

The way to a happy and successful carrier begins with individual realisation. Knowing and understanding the person you are, and being totally at peace with this person, and loving him/her in totality. When you know yourself then you can begin to understand others, why they do the things they do or act the way they act. You can be able to deal with them, do business with them with complete ease.

The emergency and success of Internet has brought about significant changes in our lifestyles. Including this is make money at home ideas. My aim is to supercharge those who are still wobbling in complain corner of I cant do this, I cant do that, and thinking this idea cant work; and further share my experience of what I have learnt and achieved within two months of joining Stone Evan’s Plug-In-Profit Site. And be able to direct you to helpful resources, which I have found indispensable, I mean FREE No.1 world class information that you would spend hundred of dollars to receive. Visit christineanyango. blogspot. com scroll down and download Stone Evans Dotcomology - The Science of Making Money Online. And see what I mean, and that’s not all.

How do you succeed in today’s competitive and challenging world of internet marketing?

To succeed in today’s world first you need to have a good foundation, get proper training, and have a proper mindset. Set your goals and objectives precise and clear. Why did you come into business, what do you want to achieve, within what timeframe, how much budget, is it realistic? Where do you see yourself one or two years from now? And then comes the most import questions

As an affiliate person;

1. What do you want to sell; do you have your products?

2. How can u get what u want to sell? - Are you going to create your own products or are you going to duplicate what already exists in the market? If you are like me and you want to plug into the system and profit, here is a list of my favourites,

Recommended:

* makemoneyeasynow. com

Get Your Own Money-Making Website Set up For Free.

* my. ws/chrisanyangouk

Sign Up For Free Trial. Just $10 For a Lifetime Opportunity,

* iditplates. net/new/12150/index. html

Get Your Own Business Seen To Everyone and Earn Commissions For Every Customer You Direct To Them. Free Sign-Up

3. Who do you want to work with in order to succeed?

Success cannot be guaranteed by your own individual effort, true success is a result of teamwork, duplication, exact copying from those who knows. Greatest masters and authors of greatest business success are those who follow the leaders, are accountable, trainable, and teachable, accept mistakes and correction and are coachable. You have to fake it until you can make it.

Think of the greatest inventors, how much time and money they spent trying to formulate ideas and find discoveries? How much did they really make out of their greatest discoveries during their lifetime except for much of their name recognition to date.

Somebody discovered the law of motion, gravitational forces, etc, but those who are benefiting are those who have learnt to copy them without caring how they discovered them, The Electric and the gas companies, the Motor Industry and Technological Corporations are just examples of those who are plugging into the profit which was as a result of the greatest scientific discoveries, someone else’s sweat, that’s the secret behind the greatest industrial revolution and greatest technological advances that we have to date.

Most of us in the affiliate programs are in so much not to make ourselves famous but rather to earn a comfortable living for us and our families. We want to make money, and to make it quick. Don’t waste your time trying to invent, duplicate instead. Copy from the masters. When you have mastered the skills then invent your own.

Stone Evans Plug-In Profit Site ( pluginprofitsite. com/main-15379) is a great viral marketing tool. Not only does he offer help within 24 hours in personal email writing but his site comes complete with 30 day guide, with everything explained step by step to ensure guaranteed success. It’s like having your own personal trainer and mentor at the click of a mouse. Any time I have had difficulties I have always consulted him through email and he has always solved my problem within 24 hrs. I feel like am not just working with another boss, but rather am a part of a team that cares.

As a network marketer, you are in business to succeed; you cannot succeed on your own. You have to Build a strong team that will work with you and stand by you. But how do you do this? As a team builder you have taken on the role of a leader. A successful leader leads by his heart. Show team members how you care. Be available when they need you, create time for them, do not underestimate their concerns, be a listener, offer solutions to their problems where you can. Join forums and see how others are doing it and solving problem, always be informed.

Look at this forum and see how much members are helping one another

conqueryourniche. com/forum/conqueryourniche247/5978

Johnny Wimbrey in one of his conference calls at the Success University once said - “people don’t know how much you know unless they know how much you care” and during my own experience in network marketing and various leadership roles I have held so far I have come to discover how much true this is. If I delve into my own personal experiences, I can talk on endlessly, but lets face it, no one wants a dictator for a leader, somebody you cannot count on when you are in need, inapproachable, who is always personally correct, don’t you try to avoid such kind of people?

Build a team that knows you care about them. They will stand by you even when you are facing difficulties. Your approach will show that you care

* Inspect what they expect,

* Make follow up, as a leader you must be able to diligently delegate duties, tell team members what to do and make a follow-up. That shows you are committed, you are someone who knows what you want and exactly how and where to get it.

* Above all - always remember: lead with love. Make your team members have a sense of belonging and oneness. Your team must be able to “dance to the same rhythm” and “emit same vibrations.”

The moment you made up your mind to start the business, that was your personal defining moment, you made up your mind to create your way to prosperity; and success was your only envisaged term in your mind. Do not give chance to failure, you came into business to be successful so be successful.

Attune your mind to only think success and surround yourself with people that offer positive encouragement. Do not encourage negative thinkers, most likely, they are failures themselves; do not go down their drain. Hold firm to your dream. When somebody tells you your idea can’t work, look at him closely and examine his life, probably the reason why he has so little success in his own ventures is a result of his own scarce mentality. Follow your dream, winners never quit, and quitters never win! Rough and long is the road to eternal happiness, only few find it. Be among the few that finds it.

When I was 19 I had a fight with my boyfriend and he gave me a book by the Norman Vincent-Peale, POWER OF POSITVE THINKING, I never had a look at it, for one year because I thought the offer of the book was an insult to me. One day I happened to read this book, and wow! The guy is inspirational, I looked back at my boyfriend’s life and said – no wonder his life is so eventful, he thought big, beyond what I thought he could possibly achieve, people laughed at his ideas, but when he started making money and travelling, all eyes were green with jealousy. This was a turning point in my life. I stopped looking at why something can’t be done to how really I can find a problem to what I have. I discovered that for every problem I have there is a solution out there; it’s up to me to find it. And that every obstacle I have encountered, or will ever encounter, I have the power to solve it, that somebody else has faced it and solved it triumphantly, why not I.

My Ex-boyfriend’s life is the reason why am so passionate about achieving what I want and following my dreams. He will always be an inspiration to me. How could a college dropout with no capital have made himself a life of luxury? His dreams always seemed unattainable, I once started a venture with him and gave up, eight months later, and he had succeeded with a big audience and a very strong international support. How did he do it? Its simple - he had abundant mentality, he was simply unstoppable. He thought big and reaped big.

The simple thought that if others can do it, I can do it even better! And the belief in your self that you can really do it. And everything else will just be where you want them to be. Thought makes man. Your mind takes in what you give it and manifests it in your actions. Feed it with the right positive information. Think Powerful. And You Will Become Powerful.

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You need to have an empowered mind, one that is decisive, proactive, and persistent. An empowered person is one that believes in himself. You can spend millions of dollars, but if you don’t have belief in yourself, this can hamper your business. Self doubt is the beginning of every failure. Can you be able to meet challenges without breaking down, are you able to handle criticism and rejection without taking it personally, can you feel the fear and do it anyway? Are you able to push yourself beyond your comfort zone? Are you doing something a little extra than what others do to improve yourself, have you made your day today better than yesterday?

Be Successful, Empower Yourself!