Archive for July, 2009

How To Make Money From Passions

Tuesday, July 28th, 2009

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How To Make Money From Passions

Maverick Money Makers © 1997 – 2008

http://my-wealth-coach.com/maverick
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To make money online many people jump right in before they are properly prepared. You know that to be a rocket scientist, a doctor, a brick layer, a construction worker, an office worker, a teacher there are prerequisites, things you must learn, before you can be successful, you don’t just jump right in unprepared.

The same applies to the Internet marketing industry even though there are unsavory people out there who’d have you believe it’s a “Walk in the Park” and requires no more than the belief that you can just do it.

And I’ll have to admit, it is a walk in the park compared to what you have to put up with in the working world punching a clock being a subordinate to someone who does not have your interests in mind, but there are still rules you have to follow and pitfalls you must avoid to actually make Internet marketing work for you.

Most people will not make a dime online and yet there are others who will make more in one month than most people make in a whole year. Why is that?

My answer begins with the age-old chicken or egg question, “what comes first the chicken or the egg”? Personally I vote for, well never mind, each argument you or I make comes back to the same old conclusion – I have no clue and I don’t think many of us do either.

But one thing I do have a clue about and know for sure is that to make money online you must first have Passion for the company products and/or service of any Internet business from which you expect to make money.

Passion in this sense simply means that you’ve researched and like the company and products or services. It is then that you translate that like (or Passion) into the education, excitement and work that usually accompany Passion.

I will have to say that many online entrepreneurs are so good at what they do that they ignore passion because they can sell anything. But I’m concerned about those of you who are not so knowledgeable at working an online business successfully.

Now, I’m not trying to make anyone believe that Passion is the only thing necessary. Because to be successful you must also have a good website, good marketing, widespread advertising, company support, effective keywords, and etc. Those things are often learned from the company you join – but sidestep Passion and you reduce your chances for success dramatically.

It therefore follows that, if you have no Passion for the company and the products and services provided by that company, again, you won’t attempt to do the work you are being taught.

Internet marketing work is typically not all that difficult or time consuming but it does take motivation caused by Passion to get you off and running with a sustained effort so that you won’t stumble.

You have a great resource in the Internet search engines to search about the Internet Marketing industry for business opportunities, USE IT!

Your research should uncover a company that you like and have confidence in. It should be solid, founded on great principles, and easy to understand with great products and services that are sell-able for which you can have Passion. If you don’t find it move on,
You can find the right opportunity containing the attributes identified above.

Comments like, well, that one sounds good and the compensation plan is excellent so I guess I’ll start that business – does not sound like a decision based on anything near Passion. And remember when you hear that an Internet “guru” does that, don’t be tempted, because as I said earlier they are experienced and can sell just about anything, without being Passionate about the company products and services.

Note: By the way it’s your goal to get to the point where you can sell about anything online. That end skill and goal is a worthy one indeed.

Remember, there are other steps you must make before you step into Internet Marketing but if you don’t first find the right company products and services to be passionate about, all of those other steps may just cause you a lot of frustration instead of bringing you great success.

Not being Passionate about a company and products and services that has market proof that it will sell is a pitfall you simply must avoid.

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Maverick Money Makers is a private
society that will teach you how to
build a six-figure a month business
on the internet.

If you want to make money online,
join the society before it’s too late.

http://my-wealth-coach.com/maverick

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T vs. (AWESOME!) *free* Marathon Business Coaching

Monday, July 27th, 2009
You don’t realize it yet, but in the
next 2 minutes you’re going to get
access to an AWESOME *free* event…

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Tellman Knudson and Shawn Casey are
going to be opening up their phone lines for TWO DAYS
of marathon coaching, helping you step-by-step to get
started online!
You’ve probably already heard that these guys make
MILLIONS every year just by pushing one (1) single button…

And that that button is the “send” button…

When they send an email to their lists, the money
flows into their accounts like a river flows into the sea…

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Filling their accounts with “liquid assets”

And they want to teach YOU to do EXACTLY what they do
to make it happen.
They’ve set up TWO nine (9) hour coaching sessions
that you won’t have to pay a penny to attend – all
you have to do is register?now to secure your spot…

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Fill out the registration form on the
next page to get your VIP access, and
make sure you follow the directions on
the “ticket” page with your call-in details…
There’s a link there to the blog with a full run-down
of what they have planned…

I’m sure I’ll see you there :-)

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– Todd

P.S. I strongly recommend you register
quickly, because I know for a fact that they have
limited space on their conference line…

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Over complication…

Sunday, July 19th, 2009

Here is your second lesson…. over-complication. Why don’t I start with
a quote from a master:

Everything should be made as simple as
possible, but not simpler.
– Albert Einstein

I could not have said it better. Another reason why traders fail is
over-complication. The human brain is amazing; it’s able to understand
complicated and intricate principles but sometimes unable to see the
simple and obvious. Even worse, often when someone is shown the
simple and obvious way to do something, they won’t do it!

For some crazy reason people love sexy indicators and fancy strategies.
They also love to complicate their lives. I don’t know how many times I’ve
seen or heard someone say they have some new indicator that will
revolutionize trading.

The trading world is full of people who’ve embarked on a journey for
magic indicators only to come back with a handful of sand. I’m going
to let you in on a little secret… there is no secrets to trading, and anyone
who says there is, is full of it.

I have seen people spend huge amounts of time creating custom
indicators that when back-tested do nothing better than indicators
that are already available. Why are they no better? Well, one good
reason is that many are derived from the same source (price) and
they all tell you where the price is compared to where it was in the
past. I’m still waiting for someone to come up with the magic indicator
to tell me where price is GOING TO GO. I’m just kidding there, but it
seems that’s what some people are out there trying to do.

Another big issue I’ve seen which is quite common is traders adding
more and more indicators, oscillators and chart overlays to try and get
a “better picture” or “more confirmation.” I’ve never seen a successful
trader with his/her screen loaded up like this…ever.

But hey, if you think more is better and provides better confirmation
then why not add the kitchen sink too? I hope you see where I’m going
with this.

An important rule in trading:
the more complicated your system is the
less chance it will work. This also goes for back-testing and creating
systems, (See the note below for the definition of back-testing) often
complicated systems suffer from curve fitting and are unrealistic for
real trading. If you have some experience with creating and testing
systems, then I’m not telling you anything new. It really is a double
whammy, not only do they not work as well, they are harder and more
complicated to follow and learn.

This is why we keep our method of trading at Traders International so
simple.

Note:
Back-testing definition- the process of testing a trading strategy
on prior time periods. Instead of applying a strategy for the time period
forward, which could take years, a trader can do a simulation of his or
her trading strategy on relevant past data in order to gauge its
effectiveness.

Don’t forget!
If you don’t know what e-minis are, I will explain everything
about them during the live trading sessions)

Click here to register for our live trading sessions.

Till next time…happy trading,

Todd


Too Wide of a Gaze

Friday, July 17th, 2009

Too wide of a what… you say?

Let me explain.

The first problem is one you may not have initially thought about,
but once I tell you what it is, you’ll realize it’s no different in any
other area of your life.


By this I mean, when you want to be successful at something
you absolutely must be focused. I can’t repeat this enough, you
must be focused. You can’t be looking at 5 different markets or
500 different stocks, currencies, options, commodities, ETFS….
you name it.


I’ve met newbie traders who have seen pictures of traders starring
at multiple screen setups, run out and spend huge amounts of
money setting up 5 or 6 screens and a giant trading office without
even placing a trade!  After this, they frequently try to watch any
market that goes up, down or sideways.


Think of this as a jack of markets and master of none, because
that is what you’ll be if you try and trade a bunch of different markets
and trading vehicles. You’ll spend endless amounts of time gazing
at so many different markets and variables that could affect those
markets… that you’ll stress yourself out to your limit and lose your
money at the same time.


This may fly in the face of what others out there are teaching and
want to you to believe, but I wholeheartedly believe in this. In fact,
think about it really deeply for a minute, doesn’t it just make sense?

Think back in your life when you did something successful, were
you focusing on a ton of different tasks? I doubt it. It’s simple, but
people love to complicate it. The more you look at—- the more you
blur your focus —- and the less you will be successful.


But that’s not it.


I have the proof of seeing and knowing thousands of traders, this
has allowed me to witness firsthand what makes them successful.


The worst part about this is it’s totally unnecessary. It’s a complete
waste of your time and your life. When you understand the potential
in the e-minis and how to trade them, there will be no reason to look
anywhere else. All the opportunity is in one place.


Note:
Don’t worry if you don’t know what e-minis are, I will explain
everything about them during the live trading sessions


I hope you found this useful…

Todd

http://my-trading-coach.com/ti