On a Shoe String Budget at Home
This report, "How To Build A Massive Moneymaking Machine By
Mail...On A Shoe String Budget At Home" is one of 15 reports
contained in our set, "How to Build A Lean, Mean MLM Machine . .
.By Mail!" If you have not ordered the complete MLM Machine set
of reprintable reports, I urge you to do so immediately so you can
take full advantage of this program.
Before you can appreciate and understand how to promote MLM
programs by mail, it is appropriate to review first the
fundamentals of MLM(Multilevel Marketing) and mailorder methods
that are proven. Let's talk first about MLM that is also known as
Networking or Network marketing.
The Basics of MLM Programs
First understand that MLM is not an illegal pyramid scheme. It is
100% legal and many multimillion companies market their product
strictly through MLM promotion. Some of the best known MLM
companies include Amway, Shaklee, Tupperware, Princess House. . .
a subsidiary of Colgate Palmolive, A.L. Williams, MaryKay
Cosmetics, U.S. Sprint, MCI, and NSA. These companies have been
around for decades. There are actually 100's to 1,000's more MLM
companies. Like other companies, some are good and some are not
so good. But one thing is for sure. MLM is here to stay, and it
is an explosive growth field!
So what's the big attraction to MLM companies and programs? Well,
it represents a wonderful opportunity for the "little fella" to
start his own business on a part time basis and make a whole lot
of money! How is this possible? The concept is fairly simple,
MLM companies offer their products and services through
independent distributors who can then recruit other distributors.
That way, a distributor can buy the MLM products at a discount and
earn money selling the product directly to others. He also earns
"overrides" for the distributor that he has sponsored. And it
gets better. Normally, a distributor also earns "overrides" for
several levels that are deep in his organization. These
distributors are called his "downline" or his "organization." You
have probably seen how an organization can grow, but I'll show you
again just in case. Let's say that your organization has 5
levels. Let's assume that you sponsor 5 people, and everyone does
likewise. Your downline would then grow like this:
Level 1 5 Distributors
Level 2 25 Distributors
Level 3 124 Distributors
Level 4 625 Distributors
Level 5 3,125 Distributors
Total = 3,905 Distributors
Now that's quite a few distributors. If you earned $10 a month
for each distributor in your "downline," you would be earning
$39,050 a month! So theoretically, you can earn a lot of money!
If everything worked perfectly. but it normally doesn't since
your downline will not build perfectly. In fact, in most cases if
you are using standard MLM techniques, you'll be lucky to build
anyone on your second level! Now, I'm going to tell you the way
it is in the real MLM world. You can make a lot of money in MLM,
but most people don't! Let me explain what it takes to succeed
and also to fail in MLM. You need to understand the underlying
principles of MLM first.
You Must Build Your Organization Deep!
Notice in the previous table that you earn your big money on your
5th level. That's because that's where most of your distributors
are. To build a deep organization, you MUST train and help your
first level! In other words, you must have a method that is
duplicative! Your first level people must have a way to help
their first level (your 2nd level) and so on. Otherwise your
organization will die on the vine! Most new people in MLM make
the serious mistake in trying to build their first level wide.
That is, they personally want to recruit as many people as they
can. Here is how they reason. If he can't or doesn't want to
sell, surely if he sponsors enough people on his first level, some
of these people will magically sell for him. Bad mistake! If you
can't sell the product or service, how can you expect to train
others to sell? You have just got to have a duplicative method
that you, your people, and their people can easily duplicate.
This is the fundamental basic rule that makes MLM promoters
wealthy! Violate it and you're dead in the water!
You Must Learn How to Sell and Teach Others to Sell
Yuck! This is the kiss of death for most people! Let's face it,
most people hate to sell, can't sell, and don't want to learn how
to sell! But don't fret. In these reports, I will show you how
to succeed in MLM without direct selling by using mailorder
techniques. but for now, understand that if you are strictly in
MLM only, you "gotta" sell. There is no other choice!
Another unique problem with MLM'ers is that they find it difficult
to generate leads. That is, once you have joined a MLM company,
who do you find to sell? Where do you find interested people to
talk to? Lead generation is generally very awkward. Since the
very principle of MLM is that all selling is done by word of
mouth, advertising just doesn't seem to fit. If advertising is
used, it is mostly used nationally, and the long distance phone
calls for following up gets to be very expensive very quickly.
Generally, if your upline gives you a few leads a month, you're
lucky. Or sometimes, you will be invited to participate in
cooperative advertising. This is OK, but these leads generally
cost $1 to $5 each and then again you have the long distance
problem.
Oh yes, the MLM companies come up with all kinds of disguised ways
to overcome the selling and lead generation problems. They try to
teach you how to "share" your product with friends and relatives.
They want you to bring your potential distributors to rah, rah,
rah "Opportunity Meetings." All selling techniques! And yes,
they show you how you can lose a lot of money by trying to sponsor
new distributors by "long distance." I say "lose a lot of money"
because the MLM companies in general don't seem to understand the
first thing about how to use proven mailorder techniques.
Another theory that MLM companies will tout is that you should be
100% loyal to only them. That is, they insist that you are active
only with their MLM company. This goes against human nature! I
know many people who are in MLM, but not one of them is in only
one program! Most MLM'ers get into several MLM companies. Yes, I
know some of the "old timers" that have been in only one MLM
company, and they adamantly advise you to do the same. But it
seems that most MLM newcomers all get involved in more than one
MLM program.
Can you imagine K-Mart or drug stores if they handled only one
brand of products? So this is a contradiction in the minds of
most MLM'ers. They want to handle several companies, and most
people want to "buy into" several companies, but no MLM company
openly discusses it. Certainly no MLM company trains you how to
do it.
How to Go Broke Promoting MLM by Mail
Let's review how MLM companies operate in general. Mostly, all
quality MLM companies have first class promotional material and
services that you can use. This can include expensive full color
literature, audio tapes, video tapes, local and national meetings,
training seminars and the like. They encourage you to have #800
phone numbers, voice box mail services and FAX machines. This is
all geared primarily to sponsor local people. And it works when
you are primarily selling face to face! But none of this is worth
a "plugged nickel" if you are trying to sell by mail! It's way
too expensive.
Here's how the typical MLM "BIG TIME" promoter can lose a lot of
money. First, he signs up in a wonderful MLM program. And it
probably is. Next, he decides to sponsor as many people as he
can. (Surely if he gets 100 people in his first level, he can
get 1,000's in his organization? Wrong!) Let's continue on. To
sponsor 100 people fast, he advertises in USA Today under
Business Opportunities." Ninety percent of all ads in this
section are MLM companies and distributors! He gets to spend
about $500 for one weed with a tiny ad! Next, he gets a voice box
mail service with a pre-recorded message. (I hate those!) Now he
sits back and, sure enough, he gets about 50 to 100 leads. (That's
$5 to $10 a lead cost!). Now guess what next? He now has about
100 leads that he must call back at HIS cost! And he'll probably
have to call several times to catch these people. Another cost of
$5 to $10 for everyone that he talks to! Well, sure enough, some
of the people are genuinely interested and they want more
information and literature! Remember that expensive literature I
told you about? Well, now he has to send it! Let's see. He has
to send the expensive $10 to $20 video with the expensive
literature. Otherwise he can't possibly "sign" anyone up without
meeting him face to face. So be it. Send it all out. Now we're
up to $30 to $50 cost on just this one person! Whew! Oh well, we
have now sent out the expensive packages and we'll see what
happens? Probably nothing! Well, that's what follow up phone
calls are for. Another cost. More time. And if he is lucky, he
will finally sign up 1 or 2 new distributors. What a messy,
costly way to do this!
But what was that fundamental principle that I taught you earlier?
You must be able to duplicate you system! Now that you have
finally signed up 1 or 2 people, you are now going to try to show
him how you did this! You would be nuts if you tried this! But
nevertheless, there are plenty of people that try to do it this
way. Just read the ads in the USA Today if you don't believe me!
OK. Let's recap on MLM. If you want to succeed in MLM using
standard MLM techniques you need to:
1. Handle Just One MLM Company
2. Sell Face To Face
3. Recruit Only a Few On Your First Level
4. Have a Duplicative Method
5. Build a Deep Organization
6. Help and Train Your First Level
7. Primarily Sell Locally
Mailorder Techniques
Now that we have covered MLM, let's now see how the professional
mailorder dealers operate. It's entirely different! Let me
explain to you the fundamentals that all mailorder dealers will
use.
First, the basic idea in mailorder is to get as many customers as
you can get so you can sell to your customers over and over again.
The very first objective in mailorder is to develop your own
customer base. Once you have a customer base of, let's say, 100
to 10,000, you can keep sending them your new offers or catalogs
and keep reselling them! Professional mailorder dealers talk in
terms of the "front end" and "back end." The "front end" is the
method of simply getting customers . . . even at no profit or at a
slight loss! No professional mailorder dealer will ever attempt
to make a "killing" with advertising or mass mail to
non-customers!
It just doesn't happen. They will, however, do a lot of
advertising and mass mailings to build their customer base! A
customer base is pure gold! These customers like to deal with you
and they buy again . . . and again. . . .and again. As long as
you have several offers! And that brings up another fundamental
point. To succeed in mailorder, as with any business, you just
have to have several products or offers to sell. If you don't,
you will most likely lose money in trying!
When it comes to advertising, these guys are pro's. All will use
tiny classified ads that you see in the back of national
advertising. If these ads get results, they will test and test
and then place small 1" ads. When they have an offering and a
publication fit, they then might place a large ad. Only then.
You will rarely see them advertise in USA Today. Way too
expensive!
They will use "leader items." A leader item is an inexpensive
report or item that typically sells for less than $5.00. By
advertising a leader item that costs 2 or 3 dollars, you can
expect to get orders directly. The objective is break even with
your mailing and advertising costs and build your customer base.
Reprintable reports are excellent for this. Sometimes you can
actually make money right up front if you have a "HOT" item.
Everyone that buys the "leader item" will then get another
literature included. It generally goes postage FREE! Do you see
how they operate? Slowly but surely. Making money as they go!
Testing and re-testing! Mailorder dealers know that they can
make a lot of money! Some reports say that there are over 50,000
small mailorder dealers quietly earning over $50,000 a year
operating out of their homes! You and I also know that there are
also many big time mailorder operators that become very wealthy by
selling by mail.
Let me recap what successful mailorder dealers will do.
1. Develop as many customers as they can
2. Promote nationally
3. Have several offerings
4. Develop cost effective ways to generate customers
How to Combine MLM with Mailorder
If you look at the "recaps" above, you will not find many
common ties between MLM and mailorder . . do you? But yet, there
are a lot of amateurish MLM distributors and companies that try
to promote MLM via mail without understanding the first basic
principle of mailorder techniques! But it can be done! With
astounding results!
Do you see some of the main differences between promoting MLM and
mailorder? In MLM you should "Sign Up" only a few people on your
first level. Say no more than 10 and then help them. With
Mailorder, you want to develop as many customers as you can. . .
1,000's if you can! With MLM, you want to sell locally, and with
mail-order, you have to sell nationally! With MLM, you are told
to be loyal to just one company, but with mailorder, you should
have many offerings.
Wouldn't it be nice to be able to take all the good techniques
from both MLM and from Mailorder Techniques and throw away the
nasty ones? Well, that's just what these reports are all about!
Mailorder dealers operate lean and mean. If they don't make a
profit on everything that they do, they are out of business!
That's a good premise to start with. don't do ANYTHING unless you
can make some up front money, or at least break even! If
mailorder dealers were to make deals like a lot of MLM
distributors do, they would be out of business immediately! Let
me give you a few examples. Avoid them like the plague!
MLM Offers to Avoid!
In these examples, remember that the offer that is being made
must be duplicated (by you) if it is any good!
1. "Join my program and I'll pay your way in." What a miserable
offer! This guy is willing to pay his money to get me into his
program. What is he really saying? If I join him, I will have
to pay for my new people? This can't get any worse!
2. "Sure, I'll send to you the information FREE." Now let's
see. If he is sending me video's and expensive literature, I'll
bet that is costing him at least $10 to $20! Hmmm. If I get into
this program, does this mean that I will have to send out this
FREE stuff? At my cost? No way!
3. "Join now, and I will build your downline." This guy is
absolutely naive or just a flat out liar! It is impossible for
him to build your downline. And you cannot possibly duplicate
this method. Watch your wallet and stay away! While you may be
able to help a few select people by "signing up" a few people for
them, you cannot possibly do this for your entire downline! You
must provide a logical method that your people can do this for
themselves!
Monday, October 13, 2008
Thursday, October 9, 2008
Choosing A Bank That's Right For You
It is important to select the right bank. Do NOT choose
any bank-be fussy! There are two main objectives to seek
when searching for a new bank. 1.) Find a bank that is
agressively seeking new business. 2.) Choose one with
which you can develop a personal relationship.
To select a bank that is agressive, simply watch for
extended advertising campaigns. They are very costly, and
must bring in new business in order to be continued.
Look also for smaller banks, ones with just a few offices.
They tend to be more agressive, more lenient on
qualifications, much friendlier and more personalized in
the service they offer. They are forced by nature of
their competition to be more flexible.
With the small, independent bank, you will get friendly
service, and often will be called by name. The tellers
remember you and do not need to request your
identification every time you want to cash a check. Small
banks do not have a large loan committee that spends lots
of time shuffling papers. They may however, stall your
loan ap-plication for a day or so in order not to appear
too anxious! Its a minor issue...and not one to be overly
concerned about.
Big banks seem to have forgotten that the customer is
number one. You will be far more pleased with your small
bank and your personalized service when it comes to
getting loans and other services for your own business.
any bank-be fussy! There are two main objectives to seek
when searching for a new bank. 1.) Find a bank that is
agressively seeking new business. 2.) Choose one with
which you can develop a personal relationship.
To select a bank that is agressive, simply watch for
extended advertising campaigns. They are very costly, and
must bring in new business in order to be continued.
Look also for smaller banks, ones with just a few offices.
They tend to be more agressive, more lenient on
qualifications, much friendlier and more personalized in
the service they offer. They are forced by nature of
their competition to be more flexible.
With the small, independent bank, you will get friendly
service, and often will be called by name. The tellers
remember you and do not need to request your
identification every time you want to cash a check. Small
banks do not have a large loan committee that spends lots
of time shuffling papers. They may however, stall your
loan ap-plication for a day or so in order not to appear
too anxious! Its a minor issue...and not one to be overly
concerned about.
Big banks seem to have forgotten that the customer is
number one. You will be far more pleased with your small
bank and your personalized service when it comes to
getting loans and other services for your own business.
Monday, October 6, 2008
Fair Debt Collection
If you use credit cards, owe money on a personal loan, or are
paying on a home mortgage, you are a "debtor." If you fall behind
in repaying your creditors, or an error is made on your accounts,
you may be contacted by a "debt collector."
You should know that in either situation the Fair Debt Collection
Practices Act requires that debt collectors treat you fairly by
prohibiting certain methods of debt collection. Of course, the
law does not forgive any legitimate debt you owe.
This brochure provides answers to commonly asked questions to
help you understand your rights under the Fair Debt Collection
Practices Act.
What debts are covered?
Personal, family, and household debts are covered under the Act.
This includes money owed for the purchase of an automobile, for
medical care, or for charge accounts.
Who is a debt collector?
A debt collector is any person, other than the creditor, who
regularly collects debts owed to others. Under a 1986 amendment
to the Fair Debt Collection Practices Act, this includes
attorneys who collect debts on a regular basis.
How may a debt collector contact you?
A collector may contact you in person, by mail, telephone,
telegram, or FAX. However, a debt collector may not contact you
at unreasonable times or places, such as before 8 a.m. or after
9 p.m., unless you agree. A debt collector also may not contact
you at work if the collector knows that your employer
disapproves.
Can you stop a debt collector from contacting you?
You may stop a collector from contacting you by writing a letter
to the collection agency telling them to stop. Once the agency
receives your letter, they may not contact you again except to
say there will be no further contact. Another exception is that
the agency may notify you if the debt collector or the creditor
intends to take some specific action.
May a debt collector contact any person other than you concerning
your debt?
If you have an attorney, the debt collector may not contact
anyone other than your attorney. If you do not have an attorney,
a collector may contact other people, but only to find out where
you live and work. Collectors usually are prohibited from
contacting such permissible third parties more than once. In most
cases, the collector is not permitted to tell anyone other than
you and your attorney that you owe money.
What is the debt collector required to tell you about the debt?
Within five days after you are first contacted, the collector
must send you a written notice telling you the amount of money
you owe; the name of the creditor to whom you owe the money; and
what action to take if you believe you do not owe the money.
May a debt collector continue to contact you if you believe you
do not owe money?
A collector may not contact you if, within 30 days after you are
first contacted, you send the collection agency a letter stating
you do not owe money. However, a collector can renew collection
activities if you are sent proof of the debt, such as a copy of a
bill for the amount owed.
What types of debt collection practices are prohibited?
Harassment. Debt collectors may not harass, oppress, or abuse
any person. For example, debt collectors may not:
- use threats of violence or harm against the person,
property, or reputation;
- publish a list of consumers who refuse to pay their debts
(except to a credit bureau);
- use obscene or profane language;
- repeatedly use the telephone to annoy someone;
- telephone people without identifying themselves;
- advertise your debt.
False statements. Debt collectors may not use any false
statements when collecting a debt. For example, debt collectors
may not:
- falsely imply that they are attorneys or government
representatives;
- falsely imply that you have committed a crime;
- falsely represent that they operate or work for a credit
bureau;
- misrepresent the amount of your debt;
- misrepresent the involvement of an attorney in collecting a
debt;
- indicate that papers being sent to you are legal forms when
they are not;
- indicate that papers being sent to you are not legal forms
when they are.
Debt collectors also may not state that:
- you will be arrested if you do not pay your debt;
- they will seize, garnish, attach, or sell your property or
wages, unless the collection agency or creditor intends to do so,
and it is legal to do so;
- actions, such as a lawsuit, will be taken against you, which
legally may not be taken, or which they do not intend to take.
Debt collectors may not:
- give false credit information about you to anyone;
- send you anything that looks like an official document from
a court or government agency when it is not;
- use a false name.
Unfair practices. Debt collectors may not engage in unfair
practices in attempting to collect a debt. For example,
collectors may not:
- collect any amount greater than your debt, unless allowed by
law;
- deposit a post-dated check prematurely;
- make you accept collect calls or pay for telegrams;
- take or threaten to take your property unless this can be
done legally;
- contact you by postcard.
What control do you have over payment of debts?
If you owe more than one debt, any payment you make must be
applied to the debt you indicate. A debt collector may not apply
a payment to any debt you believe you do not owe.
What can you do if you believe a debt collector violated the law?
You have the right to sue a collector in a state or federal court
within one year from the date you believe the law was violated.
If you win, you may recover money for the damages you suffered.
Court costs and attorney's fees also can be recovered. A group of
people also may sue a debt collector and recover money for
damages up to $500,000, or one percent of the collector's net
worth, whichever is less.
Where can you report a debt collector for an alleged violation of
the law?
Report any problems you have with a debt collector to your state
Attorney General's office and the Federal Trade Commission. Many
states also have their own debt collection laws and your Attorney
General's office can help you determine your rights.
If you have questions about the Fair Debt Collection Practices
Act, or your rights under the Act, write: Correspondence Branch,
Federal Trade Commission, Washington, D.C. 20580. Although the
FTC generally cannot intervene in individual disputes, the
information you provide may indicate a pattern of possible law
violations requiring action by the Commission.
paying on a home mortgage, you are a "debtor." If you fall behind
in repaying your creditors, or an error is made on your accounts,
you may be contacted by a "debt collector."
You should know that in either situation the Fair Debt Collection
Practices Act requires that debt collectors treat you fairly by
prohibiting certain methods of debt collection. Of course, the
law does not forgive any legitimate debt you owe.
This brochure provides answers to commonly asked questions to
help you understand your rights under the Fair Debt Collection
Practices Act.
What debts are covered?
Personal, family, and household debts are covered under the Act.
This includes money owed for the purchase of an automobile, for
medical care, or for charge accounts.
Who is a debt collector?
A debt collector is any person, other than the creditor, who
regularly collects debts owed to others. Under a 1986 amendment
to the Fair Debt Collection Practices Act, this includes
attorneys who collect debts on a regular basis.
How may a debt collector contact you?
A collector may contact you in person, by mail, telephone,
telegram, or FAX. However, a debt collector may not contact you
at unreasonable times or places, such as before 8 a.m. or after
9 p.m., unless you agree. A debt collector also may not contact
you at work if the collector knows that your employer
disapproves.
Can you stop a debt collector from contacting you?
You may stop a collector from contacting you by writing a letter
to the collection agency telling them to stop. Once the agency
receives your letter, they may not contact you again except to
say there will be no further contact. Another exception is that
the agency may notify you if the debt collector or the creditor
intends to take some specific action.
May a debt collector contact any person other than you concerning
your debt?
If you have an attorney, the debt collector may not contact
anyone other than your attorney. If you do not have an attorney,
a collector may contact other people, but only to find out where
you live and work. Collectors usually are prohibited from
contacting such permissible third parties more than once. In most
cases, the collector is not permitted to tell anyone other than
you and your attorney that you owe money.
What is the debt collector required to tell you about the debt?
Within five days after you are first contacted, the collector
must send you a written notice telling you the amount of money
you owe; the name of the creditor to whom you owe the money; and
what action to take if you believe you do not owe the money.
May a debt collector continue to contact you if you believe you
do not owe money?
A collector may not contact you if, within 30 days after you are
first contacted, you send the collection agency a letter stating
you do not owe money. However, a collector can renew collection
activities if you are sent proof of the debt, such as a copy of a
bill for the amount owed.
What types of debt collection practices are prohibited?
Harassment. Debt collectors may not harass, oppress, or abuse
any person. For example, debt collectors may not:
- use threats of violence or harm against the person,
property, or reputation;
- publish a list of consumers who refuse to pay their debts
(except to a credit bureau);
- use obscene or profane language;
- repeatedly use the telephone to annoy someone;
- telephone people without identifying themselves;
- advertise your debt.
False statements. Debt collectors may not use any false
statements when collecting a debt. For example, debt collectors
may not:
- falsely imply that they are attorneys or government
representatives;
- falsely imply that you have committed a crime;
- falsely represent that they operate or work for a credit
bureau;
- misrepresent the amount of your debt;
- misrepresent the involvement of an attorney in collecting a
debt;
- indicate that papers being sent to you are legal forms when
they are not;
- indicate that papers being sent to you are not legal forms
when they are.
Debt collectors also may not state that:
- you will be arrested if you do not pay your debt;
- they will seize, garnish, attach, or sell your property or
wages, unless the collection agency or creditor intends to do so,
and it is legal to do so;
- actions, such as a lawsuit, will be taken against you, which
legally may not be taken, or which they do not intend to take.
Debt collectors may not:
- give false credit information about you to anyone;
- send you anything that looks like an official document from
a court or government agency when it is not;
- use a false name.
Unfair practices. Debt collectors may not engage in unfair
practices in attempting to collect a debt. For example,
collectors may not:
- collect any amount greater than your debt, unless allowed by
law;
- deposit a post-dated check prematurely;
- make you accept collect calls or pay for telegrams;
- take or threaten to take your property unless this can be
done legally;
- contact you by postcard.
What control do you have over payment of debts?
If you owe more than one debt, any payment you make must be
applied to the debt you indicate. A debt collector may not apply
a payment to any debt you believe you do not owe.
What can you do if you believe a debt collector violated the law?
You have the right to sue a collector in a state or federal court
within one year from the date you believe the law was violated.
If you win, you may recover money for the damages you suffered.
Court costs and attorney's fees also can be recovered. A group of
people also may sue a debt collector and recover money for
damages up to $500,000, or one percent of the collector's net
worth, whichever is less.
Where can you report a debt collector for an alleged violation of
the law?
Report any problems you have with a debt collector to your state
Attorney General's office and the Federal Trade Commission. Many
states also have their own debt collection laws and your Attorney
General's office can help you determine your rights.
If you have questions about the Fair Debt Collection Practices
Act, or your rights under the Act, write: Correspondence Branch,
Federal Trade Commission, Washington, D.C. 20580. Although the
FTC generally cannot intervene in individual disputes, the
information you provide may indicate a pattern of possible law
violations requiring action by the Commission.
Friday, October 3, 2008
How To Acquire Property Without Risk
There are a number of ways to acquire property without risk. We
list a number of the most important:
* Restrict the size of the investment and the amount of
indebtedness.
* Sell at a profit a part of what you have purchased.
* Buy only such property as you are willing and able to hold for
an indefinite period.
* Make an estimate of gain or loss probabilities before you buy.
* Withstand all pressure of people who try to induce you to sell
at a loss.
* Increase desirability of the property before you sell.
* Observe the effects of local improvements, movements and
activity. Develop ability to buy Real Estate with the greatest
potential for the future. The successful buyers of Real Estate
have a good knowledge of facts and laws, learned under a great
variety of circumstances. They realize the importance of making
investigations. They know economics and business conditions
locally and nationally. They study trends, growth areas and
property utilization. They have a correct idea of their own
personal finance limitations. They have a high degree of
interest, judgement and imagination.
* Adaptability, fortitude and a high degree of resourcefulness
are other attributes to successful Real Estate investing. Desire
for ownership and not being adverse to going into debt are very
important.
* If a property appears to be greatly under priced never quibble
over price. List all the significant advantages and disadvantages
of each property. There should be some reasonably outstanding
features that will generate enthusiasm. Decide to buy on the
merits of the property, not because someone is suggestive. If you
lose a good deal, a better one will come along. Resist
speculation fervor.
* If you are buying a property to hold for a long time, compute
the taxes, interest, insurance, etc. You will have to pay while
it is in your possession.
* Realize that when the market is good and the price is rising
you can always buy, but when the market is going down it is
difficult to sell. Don't sell too quickly and do not over-extend
yourself.
* Realize that increasing value of improved (homes buildings,
etc) result mainly from increasing population.
* if you are interested in making money investing in REal Estate
foreclosures, the best way to succeed is to develop a financial
plan based on your tax bracket so that you will know when to sell
off which properties and when to keep them for future increase in
value. You will need to recognize when there is "concealed"
equity in a property which is not visible to other investors.
Look for homes from 5 to 20 years old with potential net profits
of no less than $4,000 when you convert them.
* Know the laws in your state pertaining to the foreclosure
process. Look over all the small print in contracts. Most of them
favor the seller. If you are the buyer, have the contract changed
to fit your requirements.
* Be careful at auctions so that you don't get carried away with
the bidding; determine in advance the top you will go and stay
with it.
* Strive to locate and purchasee distressed property before
foreclosure proceedings start and you can generally assume
conventional loans under the same circumstances as presently
exist.
* When you have purchased the property in a slow Real Estate
market, it is easier to sell since you have probably acquired it
at several thousands below the current market value.
* It can be good policy some of your property and keep some. For
example, if you can sell one-half of the property and get mos of
your money back, you will be able to retain the balance for
future enhancement and use the proceeds of that portion sold to
speculate in other properties.
* Speculation is not all profit. As time goes by taxes and
assessments increase; some properties may have to be sold to pay
for such increases.
* The greatest deterrent to a person buying Real Estate is the
fear of making a mistake. Of course a person can't afford to make
many mistakes in Real Estate speculation just as in any other
kind of business.
* During a period of inflation, land is the best investment.
During a recession or depression, land is the worst investment.
If a recession appears imminent sell, even if on a contract for
a reasonable dow payment and monthly payment on the balance. You
will have an income and also have the property as collateral. You
can be sure that as long as general economic conditions are
good, the value of well selected Real Estate will increase.
* Populations increase by birth rate and by influx. Check to
determine the past circumstances of the local economy, the demand
for public services and the future growth potential. The fact
that a city has increased in population is not significant in
itself. Perhaps there has been an annexation of adjacent areas.
Yes! By comparing, learning and using good common sense you can
profit in Real Estate regardless of recession, depression,
interest rates, or inflation!...And without excessive risk!
list a number of the most important:
* Restrict the size of the investment and the amount of
indebtedness.
* Sell at a profit a part of what you have purchased.
* Buy only such property as you are willing and able to hold for
an indefinite period.
* Make an estimate of gain or loss probabilities before you buy.
* Withstand all pressure of people who try to induce you to sell
at a loss.
* Increase desirability of the property before you sell.
* Observe the effects of local improvements, movements and
activity. Develop ability to buy Real Estate with the greatest
potential for the future. The successful buyers of Real Estate
have a good knowledge of facts and laws, learned under a great
variety of circumstances. They realize the importance of making
investigations. They know economics and business conditions
locally and nationally. They study trends, growth areas and
property utilization. They have a correct idea of their own
personal finance limitations. They have a high degree of
interest, judgement and imagination.
* Adaptability, fortitude and a high degree of resourcefulness
are other attributes to successful Real Estate investing. Desire
for ownership and not being adverse to going into debt are very
important.
* If a property appears to be greatly under priced never quibble
over price. List all the significant advantages and disadvantages
of each property. There should be some reasonably outstanding
features that will generate enthusiasm. Decide to buy on the
merits of the property, not because someone is suggestive. If you
lose a good deal, a better one will come along. Resist
speculation fervor.
* If you are buying a property to hold for a long time, compute
the taxes, interest, insurance, etc. You will have to pay while
it is in your possession.
* Realize that when the market is good and the price is rising
you can always buy, but when the market is going down it is
difficult to sell. Don't sell too quickly and do not over-extend
yourself.
* Realize that increasing value of improved (homes buildings,
etc) result mainly from increasing population.
* if you are interested in making money investing in REal Estate
foreclosures, the best way to succeed is to develop a financial
plan based on your tax bracket so that you will know when to sell
off which properties and when to keep them for future increase in
value. You will need to recognize when there is "concealed"
equity in a property which is not visible to other investors.
Look for homes from 5 to 20 years old with potential net profits
of no less than $4,000 when you convert them.
* Know the laws in your state pertaining to the foreclosure
process. Look over all the small print in contracts. Most of them
favor the seller. If you are the buyer, have the contract changed
to fit your requirements.
* Be careful at auctions so that you don't get carried away with
the bidding; determine in advance the top you will go and stay
with it.
* Strive to locate and purchasee distressed property before
foreclosure proceedings start and you can generally assume
conventional loans under the same circumstances as presently
exist.
* When you have purchased the property in a slow Real Estate
market, it is easier to sell since you have probably acquired it
at several thousands below the current market value.
* It can be good policy some of your property and keep some. For
example, if you can sell one-half of the property and get mos of
your money back, you will be able to retain the balance for
future enhancement and use the proceeds of that portion sold to
speculate in other properties.
* Speculation is not all profit. As time goes by taxes and
assessments increase; some properties may have to be sold to pay
for such increases.
* The greatest deterrent to a person buying Real Estate is the
fear of making a mistake. Of course a person can't afford to make
many mistakes in Real Estate speculation just as in any other
kind of business.
* During a period of inflation, land is the best investment.
During a recession or depression, land is the worst investment.
If a recession appears imminent sell, even if on a contract for
a reasonable dow payment and monthly payment on the balance. You
will have an income and also have the property as collateral. You
can be sure that as long as general economic conditions are
good, the value of well selected Real Estate will increase.
* Populations increase by birth rate and by influx. Check to
determine the past circumstances of the local economy, the demand
for public services and the future growth potential. The fact
that a city has increased in population is not significant in
itself. Perhaps there has been an annexation of adjacent areas.
Yes! By comparing, learning and using good common sense you can
profit in Real Estate regardless of recession, depression,
interest rates, or inflation!...And without excessive risk!
Wednesday, October 1, 2008
Wipe Out Debts Without Bankruptcy
In 1938 a federal law was passed known as the Wage
Earner Plan. It is administered by the same branch of our
courts that handle bankruptcy. You must be a wage-earner
to use the law - that is the primary requirement. The
Wage Earner Plan does not in itself 'wipe out' debts, but
a little-known proviso of your filing requires that your
creditors must appear to verify your indebtedness to them.
Statistics indicate that 40% fail to appear, in which
case, those debts are indeed 'wiped out'. In some cases
100% of the creditors fail to appear, which enables you to
wipe out ALL your debts without bankruptcy. If some of
the creditors do appear, then the court allows you to
spread your payments out over a three year period in
smaller amounts so that you can afford to pay.
Once you file under the Wage Earner Plan, you stop bill
collectors, lawsuits, judgements, assignments, seized bank
accounts, and other actions against you. And to top it
off, your credit rating is, in many cases, improved
because you made an honest effort to work with the lending
firms. Additionally, if the seller used deceptive trade
practices to induce your purchase, your debt may be wiped
out under the provisions of the Uniform Commercial Code.
Under the Homestead Act, your residence can be exempted
from levy to the extent determined by local law. Check at
your local courthouse.
Earner Plan. It is administered by the same branch of our
courts that handle bankruptcy. You must be a wage-earner
to use the law - that is the primary requirement. The
Wage Earner Plan does not in itself 'wipe out' debts, but
a little-known proviso of your filing requires that your
creditors must appear to verify your indebtedness to them.
Statistics indicate that 40% fail to appear, in which
case, those debts are indeed 'wiped out'. In some cases
100% of the creditors fail to appear, which enables you to
wipe out ALL your debts without bankruptcy. If some of
the creditors do appear, then the court allows you to
spread your payments out over a three year period in
smaller amounts so that you can afford to pay.
Once you file under the Wage Earner Plan, you stop bill
collectors, lawsuits, judgements, assignments, seized bank
accounts, and other actions against you. And to top it
off, your credit rating is, in many cases, improved
because you made an honest effort to work with the lending
firms. Additionally, if the seller used deceptive trade
practices to induce your purchase, your debt may be wiped
out under the provisions of the Uniform Commercial Code.
Under the Homestead Act, your residence can be exempted
from levy to the extent determined by local law. Check at
your local courthouse.
Sunday, September 28, 2008
How To Make Money With Your Junk Mail
The term "junk mail" is a well-known term. To the common guy or gal on the
street, "junk mail" to them is advertising flyers from the local grocery
store and pizza shop that arrive in their mail every day. To the mail order
dealer, it means something totally opposite because a mail order dealer in
St Paul MN is not going to get a pizza ad for a shop in Jackson MS.
Therefore, "junk mail" refers to pyramid schemes, chain letters and other
worthless information that you are inundated with as a newcomer. Often you
will get so much of it that you will think this is all mail order has to
offer and quit. THIS IS NOT TRUE. This is only one phase of the mail order
industry -- and it's too bad that beginners get hit with the bulk of it. As
you continue to grow in the mail order business, the amount of "junk mail"
you receive will diminish compared to the legitimate offers and orders.
This is how you know your business is growing in a successful direction.
But back to the matter at hand. How can you make money with this "junk"?
One way is by studying and analyzing the piece of mail from a marketing
standpoint. Since people obviously are making money with "junk mail" (it
would have phased out long ago if it didn't) it's up to you to find out HOW
they are doing it.
Is it the words they use? Normally, "junk mail" offers appeal to a person's
emotional wants and desires. They claim to offer hidden secrets, untold
wealth and quick cash. They make false claims by telling people they can
now send their kids to college, buy their wife a beautiful diamond ring,
take a well-deserved vacation to an exotic tropic island and pay off all
their debts.
When the person reads this stuff and forms visions of sugarplums in their
heads, they will rush right away and send away for the product immediately.
What made them believe you? How was the "junk mail" written to cause a
person to immediately react in this manner? These are things you have to
study and determine. Then, use this new found knowledge to sell your own
product.
The problem with "junk mail" is that if a person gets all hyped up and
sends away for the product they have built it up to be bigger-than-life.
And when the product or information they ordered arrives, it simply is a
sheet of paper or another piece of "junk mail" trying to sell them
something else. The person feels cheated, stupid, and taken advantage of.
People may always exist that will respond to this type of "junk mail." But
you can use the same marketing concept to provide the people with something
REAL. This way, they won't feel cheated, stupid and taken advantage of.
This is where the "junk mail" authors who wrote this stuff in the first
place overlook the true marketing potential.
More money could be made if the person buying something is satisfied and
makes a repeat purchase. In fact, newcomers are eager to learn and will buy
anything to get started learning. By taking advantage of them only means
that you will make one sale in that person's lifetime. But if the product
is good and worthwhile -- they will order from you again and again. Many
newcomers today will be big businesses tomorrow. And I'm sure if a newcomer
found a honest company that really helped them break into the mail order
field they would continue to do business with them when they really did
make millions of dollars. See what I mean? The back-end sales for a
lifetime would be worth the investment.
I'm not saying that you can take a piece of "junk mail" claiming to make
the person $1 million in 30 days or less and turn it into a valuable and
worthwhile product. Since this is a downright lie, there is no way to
market this honestly. However -- you can study the piece of "junk mail" to
determine what words and phrases were used and how the ad is written so you
can understand how to present a REAL product that people will be eager to
buy.
Then, pass the word and tell every new person you come into contact with
about these pie-in-the-sky-schemes. You might even want to try writing to
some of the people listed on the chain letters. Explain how all this "junk
mail" only appeals to their emotional needs and how the company who
originally wrote these materials are USING them to only get their money. If
everyone passed along this information -- it wouldn't take very many years
before we could put a stop to all this nonsense.
If people slack off on buying it and see the scam for what it really is --
the cons will diminish!
street, "junk mail" to them is advertising flyers from the local grocery
store and pizza shop that arrive in their mail every day. To the mail order
dealer, it means something totally opposite because a mail order dealer in
St Paul MN is not going to get a pizza ad for a shop in Jackson MS.
Therefore, "junk mail" refers to pyramid schemes, chain letters and other
worthless information that you are inundated with as a newcomer. Often you
will get so much of it that you will think this is all mail order has to
offer and quit. THIS IS NOT TRUE. This is only one phase of the mail order
industry -- and it's too bad that beginners get hit with the bulk of it. As
you continue to grow in the mail order business, the amount of "junk mail"
you receive will diminish compared to the legitimate offers and orders.
This is how you know your business is growing in a successful direction.
But back to the matter at hand. How can you make money with this "junk"?
One way is by studying and analyzing the piece of mail from a marketing
standpoint. Since people obviously are making money with "junk mail" (it
would have phased out long ago if it didn't) it's up to you to find out HOW
they are doing it.
Is it the words they use? Normally, "junk mail" offers appeal to a person's
emotional wants and desires. They claim to offer hidden secrets, untold
wealth and quick cash. They make false claims by telling people they can
now send their kids to college, buy their wife a beautiful diamond ring,
take a well-deserved vacation to an exotic tropic island and pay off all
their debts.
When the person reads this stuff and forms visions of sugarplums in their
heads, they will rush right away and send away for the product immediately.
What made them believe you? How was the "junk mail" written to cause a
person to immediately react in this manner? These are things you have to
study and determine. Then, use this new found knowledge to sell your own
product.
The problem with "junk mail" is that if a person gets all hyped up and
sends away for the product they have built it up to be bigger-than-life.
And when the product or information they ordered arrives, it simply is a
sheet of paper or another piece of "junk mail" trying to sell them
something else. The person feels cheated, stupid, and taken advantage of.
People may always exist that will respond to this type of "junk mail." But
you can use the same marketing concept to provide the people with something
REAL. This way, they won't feel cheated, stupid and taken advantage of.
This is where the "junk mail" authors who wrote this stuff in the first
place overlook the true marketing potential.
More money could be made if the person buying something is satisfied and
makes a repeat purchase. In fact, newcomers are eager to learn and will buy
anything to get started learning. By taking advantage of them only means
that you will make one sale in that person's lifetime. But if the product
is good and worthwhile -- they will order from you again and again. Many
newcomers today will be big businesses tomorrow. And I'm sure if a newcomer
found a honest company that really helped them break into the mail order
field they would continue to do business with them when they really did
make millions of dollars. See what I mean? The back-end sales for a
lifetime would be worth the investment.
I'm not saying that you can take a piece of "junk mail" claiming to make
the person $1 million in 30 days or less and turn it into a valuable and
worthwhile product. Since this is a downright lie, there is no way to
market this honestly. However -- you can study the piece of "junk mail" to
determine what words and phrases were used and how the ad is written so you
can understand how to present a REAL product that people will be eager to
buy.
Then, pass the word and tell every new person you come into contact with
about these pie-in-the-sky-schemes. You might even want to try writing to
some of the people listed on the chain letters. Explain how all this "junk
mail" only appeals to their emotional needs and how the company who
originally wrote these materials are USING them to only get their money. If
everyone passed along this information -- it wouldn't take very many years
before we could put a stop to all this nonsense.
If people slack off on buying it and see the scam for what it really is --
the cons will diminish!
Wednesday, September 24, 2008
How To Reorganize Your Time To Accommodate A Home-Based Business
Almost everyone needs or wants more money coming in, and with
this desire most would like to start some sort of extra income
producing project. The trouble is, not many of these people seem
able to fit "a second job" into their time schedules.
It's true that most people are busy, but extra time for some sort
of home-based extra income producing project can almost always be
found. It may mean giving up or changing a few of your favorite
pastimes--such as having a couple of beers with the guys or
watching TV--but if you score big with your extra income project,
you will have all the time you want for doing whatever you what
to do.
Efficient time management boils down to planning what you're
going to do, and then doing it without backtracking. Start by
making a list of the things you want to do tomorrow, each evening
before you go to bed. Schedule your trips to the store or
wherever to coincide with the other things you have to do, and
with your trips to or from work. Organize your trips to take care
of as many things as possible while you're out of the house.
take stock of the time you spend on the telephone---and eliminate
all that isn't necessary.
Whatever chores you have to do at home, set aside a specific time
to do them, and a specific amount of time to devote to them. For
instances, just one hour a day devoted to yard work would
probably make your property the envy of all your neighbors. Don't
try to do a week's work in one big flurry. Whether it's painting
your house, fixing leaky faucets, or mowing your lawn and
trimming your shrubs, do a part of it, or one particular job each
day, and you'll be amazed at your progress.
Take care of all your mail the day, you receive it. Don't let
those bills and letters pile up on you. If you're unable to pay a
bill immediately, file it in a special place that's visible, and
note on the envelope the date you intend to pay it. Answer your
letters the same day you get them.
Once you start listing and planning what to do, and then carry
out your plans, you'll find plenty of "extra time" for handling
virtually any kind of home-based income producing project. People
in general may not like routines or schedules, but without some
sort of plan as to what is supposed to be done, the world would
be mired in mass confusion. Laws, ordinances and regulations are
for the purpose of guiding people. We live according to an
accepted plan or way of life, and the better we can organize
ourselves, the more productive and happy we become.
The secret of all financially successful people is simply that
they are organized and do not waste time. Think about it. Review
your own activities, and then see if you can't find a couple of
extra hours in each day for more constructive accomplishments.
When you begin planning, and then when you really become involved
in an extra income producing endeavor, you should work it exactly
as you have organized your regular day-to-day activities---on a
time basis. Do what has to be done immediately. Don't try to get
done in a hour something that's realistically going to take a
week. Plan out on paper what you have to do--what you want to
do--and when you are going to do it. Then get right on each
project without procrastination.
Finally, and above all else, when you're organizing your time and
your business, be sure to set aside some time for relaxation. Be
sure to schedule time when you and your spouse can be together.
You must not involve yourself to an extent that you exclude other
people--particularly your loved ones--from your life.
Taking stock of the time you waste each day, and from there,
reorganizing your activities is what it's all about. It's a
matter of becoming more efficient in the use of your time. It's
really easy to do, and you will not only accomplish a lot more,
you will also find greater fulfillment in your life.
this desire most would like to start some sort of extra income
producing project. The trouble is, not many of these people seem
able to fit "a second job" into their time schedules.
It's true that most people are busy, but extra time for some sort
of home-based extra income producing project can almost always be
found. It may mean giving up or changing a few of your favorite
pastimes--such as having a couple of beers with the guys or
watching TV--but if you score big with your extra income project,
you will have all the time you want for doing whatever you what
to do.
Efficient time management boils down to planning what you're
going to do, and then doing it without backtracking. Start by
making a list of the things you want to do tomorrow, each evening
before you go to bed. Schedule your trips to the store or
wherever to coincide with the other things you have to do, and
with your trips to or from work. Organize your trips to take care
of as many things as possible while you're out of the house.
take stock of the time you spend on the telephone---and eliminate
all that isn't necessary.
Whatever chores you have to do at home, set aside a specific time
to do them, and a specific amount of time to devote to them. For
instances, just one hour a day devoted to yard work would
probably make your property the envy of all your neighbors. Don't
try to do a week's work in one big flurry. Whether it's painting
your house, fixing leaky faucets, or mowing your lawn and
trimming your shrubs, do a part of it, or one particular job each
day, and you'll be amazed at your progress.
Take care of all your mail the day, you receive it. Don't let
those bills and letters pile up on you. If you're unable to pay a
bill immediately, file it in a special place that's visible, and
note on the envelope the date you intend to pay it. Answer your
letters the same day you get them.
Once you start listing and planning what to do, and then carry
out your plans, you'll find plenty of "extra time" for handling
virtually any kind of home-based income producing project. People
in general may not like routines or schedules, but without some
sort of plan as to what is supposed to be done, the world would
be mired in mass confusion. Laws, ordinances and regulations are
for the purpose of guiding people. We live according to an
accepted plan or way of life, and the better we can organize
ourselves, the more productive and happy we become.
The secret of all financially successful people is simply that
they are organized and do not waste time. Think about it. Review
your own activities, and then see if you can't find a couple of
extra hours in each day for more constructive accomplishments.
When you begin planning, and then when you really become involved
in an extra income producing endeavor, you should work it exactly
as you have organized your regular day-to-day activities---on a
time basis. Do what has to be done immediately. Don't try to get
done in a hour something that's realistically going to take a
week. Plan out on paper what you have to do--what you want to
do--and when you are going to do it. Then get right on each
project without procrastination.
Finally, and above all else, when you're organizing your time and
your business, be sure to set aside some time for relaxation. Be
sure to schedule time when you and your spouse can be together.
You must not involve yourself to an extent that you exclude other
people--particularly your loved ones--from your life.
Taking stock of the time you waste each day, and from there,
reorganizing your activities is what it's all about. It's a
matter of becoming more efficient in the use of your time. It's
really easy to do, and you will not only accomplish a lot more,
you will also find greater fulfillment in your life.
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