If you are looking for a way to get a home based business, you need to make sure that you take a look at several different factors that figure into your home based business. These factors include the ease of learning the business, the track record that the home business has when it comes to others as well as the information that the home business plan can provide to you to help you get started. You need to have some sort of proof that the home business plan works before you sign up to minimize your risk.There are many chances to have a home based business online. Unfortunately, many of them do not end up panning out. Many people rush into a home business that they find online without finding out what they need to do in order to succeed in the business. It is important for someone to minimize the risk that they are undertaking when they go into a home business so that they have less of a potential for risk. All business entails some sort of risk, but the more a person can minimize the risk, the less they stand to lose.Seeking proof that the business will pan out is one of the first tips that someone should take if they are looking to start a home business. There are many opportunities that are online, but not all of them are good businesses to get into. Some of the businesses that are online are good and some are not so good. In order to find a business that you are sure will pan out, it is important to look for proof.In addition to finding a business that can show proof that their plan works, it is also important to find a business opportunity that will be easy to use. The home business should be easy to for you to implement, especially if you do not have a vast amount of business experience. You do not want to get bogged down when it comes to details with regard to your business opportunity plan.The opportunity should also be something that you enjoy. If you do not enjoy working at your home based business opportunity, then you will end up not feeling good about what you do. If you want to feel good about your business, find one that will be enjoyable for you. One that offers you the chance to make the most money is likely something that you will enjoy.Tips that you need to follow when you are looking for an opportunity to start your own business include making sure that the plan is solid and has proof that it will work to minimize your risk, finding an easy business to operate and also finding something that will make you a great deal of money that you will enjoy working at.
Home Based Business Leads – Quick and Easy Ways to Get More Network Marketing Leads
Do you need home based business leads?
The answer is of course you do. Every home business in existence needs them.
But one of the things that holds most people back is knowing how to get these leads. It’s not as easy as most people presenting their opportunity will have you believe.
The Lie About Home Business Leads…
So here’s the thing. Leads are the lifeblood of your business. You need them, and without them you can kiss your chances of success goodbye. This is especially true in the beginning but nevertheless, knowing how to generate leads for your home business is the greatest thing that you can do right now.
Why is that? I thought I wasn’t going to have to know marketing!
Well that’s a lie that a lot of people will tell you when they’re trying to recruit you. They’ll tell you that you don’t need to know marketing, you don’t need to sell, and that it’s just as easy as telling your friend about a movie that you liked. They’ll automatically want to do it too. Sound familiar?
This is what happens. A lot of new people who get into a home based business where they’re distributors for a certain company like Amway, or Monavie, or Agel come into the business under those false pretenses. By the time they realize it’s more difficult than that then they freak out and quit.
How to Get Home Business Leads Over and Over Again
You don’t have to give up though. You don’t have to up and quit. You can simply learn the techniques of getting leads for you business on command.
Now a lot of people will tell you that the only thing that you have to do is hand out business cards, or fliers, or online just stick up a website and/or a blog with your phone number and people will start calling. Or worse, they tell you to use your companies mirror websites.
None of this is true either. There’s much more to it than that. You do need a website, but you also need:
- A way to capture prospects information,
- A lead magnet to get them to give you their information
- A way to email them automatically,
- You need a steady stream of visitors to your site (because it’s literally a numbers game),
- You need a way to close these people
Are you starting to see why people give up? It all sounds like a ton of work just to get home based business leads. And it can be.
The solution is to set up your system right in the first place. Set it up so that it will be automated. You can do this in about a week or two on your own, or faster with help.
Then you need to get automated traffic from sources such as the search engines, article marketing, pay per click marketing, social marketing, etc. There are any number of ways. You pick a way to get the traffic to your home based business leads system and you stick to it, and then you move onto the next.
Why Protecting Wealth Must Be an Investor’s No 1 Priority In This “New Age of Investment Bubbles”
What worked prior to 1995 for investors, no longer works in our “New Age of Investment Bubbles” we as investors find ourselves in these days.
If you as an investor manage your own employer-sponsored 401(k), Roth/401(k), 403(b), or other retirement account, or leverage a Buy-and-Hold strategy to build long-term wealth, or choose to hire a financial advisor/professional to manage your money… your investments are not protected from the massive loss of wealth that will occur when the next and all future bubbles bursts.
In this article, I’ll focus on:
Why a Buy-and-Hold strategy is dead in today’s “New Age” of investing.
Why protecting your wealth must be your #1 priority.
The “New Age of Investment Bubbles”
1995 ushered in a whole new era of investing that the vast majority of today’s investors have yet to recognize and adapt to. Investors have been mislead into believing that what worked in the years prior to 1995, is still relevant in this “New Age” of short-term irrational speculation, or gambling, or chasing what’s “hot.”
This “New Age” is built on investment bubbles that burst wiping out trillions of dollars of investor wealth and making it impossible for investors to ever realize their lifetime wealth potential.
If you’re not familiar with the S&P 500 index, the most widely held and measured stock index over time, I recommend you check out the link below to get a quick visual representation and historical perspective. I’m confident you too will agree that 1995 was a year something dramatically changed and altered the landscape of investing.
Please don’t be mislead or fooled by a financial advisor, your parents, or friends that what has worked in the past, will work in this “New Age of Investment Bubbles.” It certainly didn’t stop the massive loss of investor wealth during the Tech and Housing bubbles when those bubbles burst, and there’s no reason to think this “New Age” is going to change anytime soon as it has enriched and built massive amounts of wealth for Wall Street, investment banks, the financial services industry and all those working in them… just not for we the “average investor.”
Why Buy-&-Hold Is DEAD!
Buy-and-Hold is… no was… a great long-term strategy prior to 1995 when markets were rational, as it was easy to manage, it removed all emotions from investing, and had a proven track record of success over many decades. This strategy however, is no longer relevant or prudent in today’s “New Age” and a little math and the S&P 500 are all that are needed to prove why Buy-and-Hold is dead!
As a Buy-and-Hold investor, you’re taught that to build long-term wealth you only need to stay invested in the markets 100% of the time so you capture all the upside potential during extended Bull Markets, while weathering the downside of Bear Markets. Let’s see how this strategy has worked in this “New Age.”
If you started with $100,000 invested in the S&P 500 at the beginning of the Tech Bubble on January 1, 1995 and stayed invested 100% of the time, your investment would have gained 115% during its Bull Market and weathered a loss of 50.8% during its Bear Market. At the end of the Tech Bubble, your initial $ 100,000 investment would have grown to $105,780, nothing to write home about after 7 years.
The Housing Bubble immediately followed and its Bull Market gained 105%, or just barely enough to recover the 50.8% loss. When the Housing Bubble burst however, the loss was 56.8% and thus your initial $ 100,000 investment as a Buy-and-Hold investor, would now be worth $ 93,679 after 14 years for an annual rate of return of -0.46%.
This is the exact reason why so many Baby-boomers are having to consider delaying retirement, supplementing their retirement income with a second job, or even worse, taking greater risk with their investments in a futile attempt to earn greater return in this “New Age.”
Consider the Current Bubble we’re in. As of February 28, 2014, the S&P 500 had gained 175% during our current Bull Market, increasing the value of your $ 93,679, to $ 257,617 for an annual rate of return of 5.06% since 1995. But don’t forget, all bubbles burst and today’s Current Bubble is no exception. Assuming our Current Bubble will follow the trend of the Tech and Housing Bubbles, it’s not hard to fathom a 50% loss. Based on such a loss, your initial $ 100,000 investment will be worth $ 128,808 after approximately 21 years, and that $28,808 gain in wealth would equate to an annual rate of return of 1.21% in this “New Age of Investment Bubbles.”
No investor will ever build long-term wealth at that rate of return!
RIP Buy-and Hold… or till we meet again!
What’s An Investor To Do In This “New Age” To Build Wealth?
Investors must recognize the biggest challenge and most important factor to building long-term wealth in this “New Age,” is in how to protect the value of their investments from the massive loss of wealth when bubbles burst. Protecting wealth must be an investor’s #1 priority if they ever want to build long-term wealth.
Protecting wealth today requires a unique approach that minimizes these massive and devastating losses of wealth when bubbles burst. To do such, investors must simply learn when it’s prudent to get out of the market when a major market meltdown is occurring by moving their investment(s) to the safety of cash or a cash-equivalent position. This is not difficult to achieve but it cannot be accomplished with any degree of success by guessing when to get out of the market, counting on your emotions to tell you when you’ve lost enough money and it’s time to get out, or by listening to friends and/or co-workers.
The only way an investor can successfully protect their wealth in today’s “New Age of Investment Bubbles” is by integrating a simple, yet highly disciplined strategy that leverages pre-determined entry and exit triggers or indicators.
Pre-determined entry and exit triggers work like this. Once a bubble burst, a pre-determined exit trigger would tell an investor shortly after the meltdown has begun to sell their investment(s) and move their money to cash or a cash equivalent investment, and once the meltdown is over and the markets have begun to recover, a pre-determined entry trigger would tell the investor it’s safe and prudent to buy back into their investments so they capture the upside potential of the new Bull Market so they can build wealth.
Academic studies prove a strategy of this type removes the guesswork, emotions, and noise for investors in trying to time the markets, reduces overall portfolio risk and volatility, protects wealth from the massive market meltdowns when bubbles burst, and ultimately, provides the added benefit of improved annual rates of return.
How does a strategy using pre-determined triggers compare against a Buy-and-Hold investor in today’s “New Age?”
Let’s assume a worst case scenario that after a bubble burst, a pre-determined exit trigger gets an investor out of the markets after a loss of 25%, and gets an investor back in after the markets have gone back up at least 25%. In essence, our entry trigger lags a market recovery and misses out on the first 25% of gains during a Bull Market, but our exit trigger minimizes the overall market losses when a bubble burst or during Bear Markets.
After the Tech Bubble, an investor integrating a pre-determined trigger strategy would have seen their wealth grow to $ 142,500 versus the $ 105,780 for the Buy-and-Hold investor. After the Housing Bubble, the investor using triggers saw their wealth grow to $ 192,375 versus $ 93, 679 for the Buy-and-Hold investor, and after the Current Bubble bursts, $ 360,702 versus $ 128,808. The $360,702 amount of wealth for the investor using triggers would have realized an annual rate of return of 6.30%, versus 1.21% for a Buy-and-Hold investor.
To see the detailed comparison of a Buy-and-Hold investor versus an investor using pre-determined triggers, please check out the link below.
What’s important for investors to understand in the examples above are not the absolute numbers, but the power of using pre-determined triggers with their investments to build and protect wealth in this “New Age of Investment Bubbles.”