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Welcome to WealthMountains Tips for Extraordinary Wealth!
Issue 060423-017   (Sun, 23 Apr
06)
Written & Published by Keith Choy
We love to hear from your views to this issue.

Table of Contents: Presentation By Marketing Guru

  1. Infopreneur: Secrets To Publishing Success (Part 2)
  2. Resources and Tools for YOUR Success!
  3. Tool of the issue: Free Text to Speech Convertor
  4. Book Recommendation: Make Money Work For You Instead Of You Working For It  
  5. Lighter moments: Cat Kung Fu

1. The One-Minute Thought


Today was my family's Qing Ming Religious Observance Day in Singapore.  To our Western friends, this is a Chinese tradition where the family members would make annual trip to the Crematorium or Columbarium to pay respect to our ancestors.

Today's trip reminded me of my maternal grandfather. I recall during my childhood how he would without fail wake me up at 6am everyday to join him in morning exercise, despite all the protest I threw at him. I didn't understand then (which kid would at that age?)

 

It was after many years and many experiences that I know the 2 lessons that he was trying to instill in me:

  • Get a healthy body: Only then will you be able to enjoy your life and its many rewards.
  • Always start early into the game for the best opportunity: By 'waking' up early, I earned extra time to work on other areas. Those extra 1 to 2 hours give me an extra edge in reaching  my goals (eg. in my competitive sports training, in schoolwork, in my career, in my online business)

The early bird always get the best worm!  Just remember, don't be the early worm. *smile*

 

 

2. Video: Presentation by Seth Godin


Seth Godin is the author of six bestsellers, including "Permission Marketing", an Amazon Top 100 bestseller for a year and a Fortune Best Business Book. His newest book, "All Marketers are Liars", has already made the Amazon Top 100 and has inspired its own blog. Seth is also a renowned speaker, and was recently chosen as one of "21 Speakers for the Next Century" by Successful Meetings Magazine and is consistently rated among the best speakers by the audiences he addresses.

Seth is also author of the popular marketing book called "Purple Cow".  If you have not read this book, I strongly recommend that you pick this up for a fast marketing refreshers.

In this video below, Seth Godin shares some really powerful concepts at Google. Find out why being in the "middle" is bad and how to market your product or service by creating "the story".

 

 

3. Internet: 15 Creative and Profitable Ways to Use Autoresponders (Part 1)


By Keith Choy

An interested visitor who has been strolling through your site has finally come to just what she is looking for and is about to make a purchase. It's a sunny afternoon, and her cat, who happens to be sitting on the moss under the visitor's large fifty-year-old snow-rose bonsai tree, suddenly jumps down, and the priceless tree topples over.

In the blink of an eye, your visitor exits your site, and your sale is dust - unless you have had the foresight to utilize an autoresponder that has captured her email address. If you have installed an autoresponder, you can then follow-up with her, and in all probability, make the sale when the poor woman has finished repotting her precious bonsai.

Autoresponders are remarkable, versatile programs that do so much more than just automatically answer your email. Here are 15 ideas that will help you to creatively and productively use your autoresponder to transform the casual visitor into a profitable customer. Use your autoresponder to:

1. Publish a newsletter.

Certain quality autoresponders will manage subscriptions and follow-up with interested prospects. Your newsletter can keep your visitors informed about your services or products, while building your reputation as a credible expert in your particular business.

2. Publish a newsletter only for your affiliates.

Inform them of current sales you are running and of promotional material that your affiliates can use themselves to increase their commissions. Include tips, advice, and techniques that your affiliates can use to successfully go out and promote your business.

3. Write reviews.

Cover books, software, music, e-books, movies, etc., and put each review in an autoresponder. Review your affiliate programs, using a link to your affiliate's page in your autoresponder.

4. Distribute your articles.

Writing and distributing targeted articles is a powerful tool to build your business credibility, bring traffic to your site, and increase your sales potential. If your articles contain valuable information, many editors will print what is known as a resource box for you. A resource box contains your bio and a brief description of your service or product. It can also contain your autoresponder address. Let's say you've written fifty articles. Put them on separate autoresponder accounts and create a master list that contains the titles of each article, the autoresponder address, and a brief abstract. Then promote your master list. Additionally, include your publishing guidelines so your affiliates can add their articles to your list, increasing the number of writers who are represented in your article list.

5. Create mailing lists.

Inform subscribers to your articles when you've written new ones that they may want to publish in their own newsletter or website.

6. Automate your sales process.

Use an ad to insure repeated exposure of your message, which has been proven to effectively increase sales. In your ad, put your autoresponder address where a visitor will be exposed to numerous marketing materials. This multiplies the chances of converting visitors into customers. For example, if you're selling a particular product, put testimonials about how spectacular it is on your autoresponder, and add a detailed, enticing description of your product.

Watch our for my next article where I will review the next 9 sure-fire ways to use your autoresponder series profitably.

Unlimited Autoresponders by AWeber

About the Author:
Keith Choy runs the WealthMountains Internet portal which offers tips, tools and news on path to multiple streams of income. If you can think of how start your own eCourse with autoresponder, look for Keith's toolkit on How To Have Your Own eCourse at http://www.wealthmountains.com/product/ecourses

 

4. Stock: Risk and Stock Trading Fees: The Two Barriers To Overcome If You Want A Successful Trading Career


Grab this Forex System now!
Forex Trading System

See our review of this
Forex Trading System!

 

By David Jenyns

You know the old joke:

"How do you make a million in the stock market? Start with two million?"

There is no way around it, risk and stock market fees are a part of trading that you can`t avoid. But, you can manage your risk. You can also manage the brokerage stock trading fees that eat away at your trading float. All it takes is some planning and making good choices.
 
If you think you`re ready to start trading, look carefully at where you`re getting your money from. Maybe you`ve been considering trading for a while and built up some savings. That`s good planning. Or maybe you`re considering borrowing money. This is generally a bad idea. Maxing out your credit cards is a quick and easy way to get cash, but the effects can be devastating.
 
It`s hard enough to worry about making trading profits along with the stock market fees you have to pay. But, worrying about the debt servicing on your credit cards builds too much stress. You will be too concerned with making payments to be concerned about good trading. Don Miller talks about this in Trading Markets World Meet the Traders when he tells new traders to worry about trading well, not making money. One of the best ways to learn trading is to begin on a part-time basis. This allows you to hone your skills while you still have an income stream. As a trader, you need to realize the risk you`re taking by simply putting your money into the market.
 
With good money management, you`ll be able to limit your risk. But, there is a kind of risk that can`t be minimized, and that`s "market risk". This is the risk that the market might not be there tomorrow. Just by putting money in the market you are putting it at risk, so make sure you only trade with money you are willing to lose. This isn`t to say that you are going to lose all your capital - it`s just to say that you need to be able to focus on trading well, not trading to make money. See, you can only do this if you work with money you can afford to lose.
 
Once you`ve got your capital together, you can consider the next barrier to trading, stock trading fees. Although there is no perfect amount of capital to start trading with it`s no secret that the bigger the trading float you begin with, the easier it is to trade and the less percentage of stock trading fees you will have to pay. This is because of the single biggest expense in trading - brokerage stock trading fees.
 
Every broker has many different stock trading fees, but many charge flat stock trading fees per trade. These flat stock trading fees are easier on traders with larger fund sizes. For example, to obtain a better understanding on how stock trading fees work, let`s consider two traders. One is starting with an opening position of $1,000 and the second is starting with an opening position of $10,000. All traders are charged flat stock market fees of $100. So, our first trader, with a position of $1,000 has to make back ten percent of his float on each trade before he breaks even. But, our second trader only has to realize a one percent gain to reach his break-even point. This doesn`t mean that you can`t start trading with a smaller float, but if you do you are at a bit of a disadvantage.

However, you can use your trading float size to help determine your trading system. If you have a very small trading float, it`s recommended that you look at a long-term system. With a long-term system, you will be incurring far fewer stock trading fees. A short-term system, where you are receiving lots of buy and sell signals will chew up your trading float very quickly with the cost of the different stock trading fees.
 
This is why short-term systems, such as day-trading, are best suited to larger trading sizes - it is easier on the stock trading fees. I actually recommend that when you begin trading that you look at a longer-term system. You can manage a long-term system while still working full-time. Once you are successful with the long-term time frame, you might look at moving to a shorter-term system and focussing more time on your trading.
 
You can mange both risk and stock trading fees with planning, and by making good choices. Your level of capital will be set by what you can afford, and what you are comfortable risking. How that capital grows will be set by the time-frame of the systems your planning to trade, and the instruments you trade with. from winter's barrenness, they desert us too quickly!

About The Author
Discover BIG profits from the market by downloading your FREE copy of David's new Ultimate Stock Trading Systems course. http://www.ultimate-trading-systems.com/stocks.htm.

 

5. Infopreneur: Secrets To Publishing Success (Part 2)


By Keith Choy

This is continuation from Part 1.

Make sure your book does not simply rehash old material. You will injure your credibility as an author by claiming to offer valuable new insights and disappointing your audience with material they've read a zillion times before. So spend enough time writing and revising your book to make sure it's of the highest quality and presents the most current information. A good book will eventually sell itself; false claims about your book will make it extremely difficult to sell any future books you may write.

Assuming you have determined that you do indeed have a quality product that answers some question or need of your target audience with NEW information, how do you know how much to charge for it?

Rule number 1: Set a price for your book equal to its value. An under-priced book will only give the impression that your book isn't worth very much.

To figure out a fair price, estimate how much time you put into creating it and how difficult it was to transform the necessary information into understandable and engaging writing. Figure out how much your time and effort is worth, and then price it accordingly. The goal is for you to be adequately compensated for your talent, your time, and your effort.

Once you've figured out a price that is high enough to convey the value of the book, but not so high as to be out of the reach of your target audience's mean budget, then it's time to offer it for sale on your website. To attract sales, you will need to develop a promotional campaign, particularly if you are an unknown author.

There are multitudes of books about self-promotion that will guide you in your efforts. Choose a plan that is both creative and professional. Learn how to write a catchy yet informative press release, and send copies of your ebook to sites that specialize in ebook reviews.

Learn how to write powerful sales copy, or hire someone to write it for you. This is an essential. You absolutely need excellent sales copy to sell your book. Make sure the copy includes all the reasons your target audience needs your book, and the benefits they will derive from buying it.

Use graphics in your promotional materials. Beautiful graphics have the power to instantly convey the quality and value of your ebook. Graphics can also convey the amount of valuable information the book contains, and your careful attention to detail. Professional graphics sell professional books. They reassure the customer that the product is what it claims to be.

Amazing 7-Steps To Writing Special Feature Articles
Learn
How To Write Special Feature Articles Correctly!

Consider excerpting chapters for articles. You can offer these tidbits for free on your website as a sort of demo of your book. Include an order form for your ebook at the end of the excerpted articles.

Finally, when you set-up your download link, make sure to simplify the process. It's a good idea to offer a few bonuses that make your book even more enticing to purchase, but make sure the bonuses are valuable and high quality. Too many bonuses that are basically a load of useless stuff will compromise the impression your audience has of your ebook. The goal is to convey to your audience that they are getting a quality product for a good deal. That means applying restraint, especially when it comes to adding bonus items. Too much free stuff offered diminishes your credibility.

Make sure your book is a quality product. Make sure it is relevant and current. Develop an effective marketing plan that includes excellent sales copy and excerpted articles. Then offer your book for sale, and wait for your audience to discover you!

About the Author:
Keith Choy runs the
WealthMountains Infopreneur portal which offers tips, tools and news on path to multiple streams of income. To get the latest news, do signup for his WealthMountains eZine at http://www.wealthmountains.com/news.htm.

 

6. Resources and Tools for YOUR Success!


Submit your articles for free to our Article Directory now!

HandBook on How To Write Your Successful Special Feature Article

Learn How To Build Your Own Profitable Instant Article Directory

WealthMountains Blog contains my thoughts and rumblings

Free Financial tips and guides

Great savings buying magazines at wholesale price

DLGuard give you secure-tight protection against internet theft
Protect Yourself Against Online Thief!
 


7 Tool of the issue: Free Text To Speech Convertor


Have you ever wanted a tool to read out your ebook for you instead of you reading it online?

Alien Speech is a freeware Text to Speech program. Simply type in some text or load a text file, and Alien Speech will read it for you, at a speed and pitch of your choice. This text to speech converter is completely free and is based on the microsoft text to speech engine, meaning it is compatible with nearly all recent versions of Windows.  See a screenshot of this simple tool from here.

You can download a copy of this toolkit from here.

 

8. Book Recommendation: Make Money Work For You Instead Of You Working For It


Make Money Work For You Instead Of You Working For Itby William Thomason, 289 pages

This invaluable primer to the world of investing Money Lessons from a Money Manager speaks directly to the individual who wants to manage their own investment portfolio just like a professional portfolio manager would.

This comprehensive guide provides professional investment advice on how to identify, research and ultimately purchase profitable investments. It is well-written and conceptually sound guide on how to accumulate wealth through investing.

The book covers such subjects as fundamental analysis, understanding financial statements and financial ratios, when to buy and sell, portfolio construction and various investment strategies that readers can use to manage their own money just like a professional portfolio manager.

It aims to teach you the basics of professional money management well enough for you to rely on your own judgement rather than depend on the opinions of so-called experts.

This book is a valuable resource for readers looking to take their first steps in the world of professional portfolio management for themselves.

Get a copy of "Make money work for you instead of you working for it" now to build up your financial skills.

 

9. Lighter moments: Cat Kung Fu


I was browsing through my old emails from an old friend and found this amusing picture (shown below). It shows a tweeny mouse challenging a bigger-size cat. 

Funny Jokes Pictures of Cat and Mouse Face to Face from Cybersalt

You can get from such similar funny pictures from http://www.cybersalt.org/cleanlaugh/images/06/catmousesidewalk.htm

It sure brings back fond memories of my earlier days when I started out in both sports and working career.  Times when I felt like a small mouse challenging much-bigger opponents.  As an Old Chinese saying goes, "a young cub is not afraid of the dangerous tiger". A young cub has no concept of fear and hence was willing to take all risks.  Be that cub once in a while!  Take some calculated risk if you want to win!

To Your Success,
Your Trekking coach to Infopreneur, Stock, Internet, Real Estate and Personal Mastery
Keith Choy
Guide to http://www.wealthmountains.com

You may copy, forward or distribute this eZine if this copyright notice and full information for contacting Keith Choy are included. Contact Keith at from here.

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