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Welcome to WealthMountains Tips for Extraordinary Wealth!
Issue 060806-021   (Sat, 06 Aug
 06)
Written & Published by Keith Choy
We love to hear from your views to this issue.

Table of Contents: Product Launch That Works

  1. Infopreneur: How to Choose a Freelance or Ghost writer
  2. Resources and Tools for YOUR Success!
  3. Tool of the issue: Automatic RSS Feed Button Maker
  4. Book Recommendation: How To Make One Hell Of A Profit And Still Get To Heaven
  5. Lighter moments: Red Paper Click Trading

1. The One-Minute Thought


The past 1 month came and went. Times sure flies when I'm busy.  :(

This month, I was helping a fellow friend with setting up a mySQL database to her website hosted on Godaddy.  However, I kept having problem connecting to the database on the host.  I suspected it was due to the incorrect hostname.

On the control panel, I found that the hostname given was definitely wrong.  When I checked with their FAQ, I was given another answer that didn't work.  When I checked with GoDaddy Helpdesk, I given another hostname that also didn't worked.  [Sidenote: I have also successfully installed the same script on another 3 website host connecting to mySQL without problem. A simple 5 minute job.]

To cut the story short, I was asking for confirmation of the correct hostname to use in mySQL database setup since I was getting conflicting information from different official sources.

After 2.5 weeks, 7 emails, 3 SAME canned replies from different Helpdesk staff, my questions were not answered directly.  I was finally informed that their Helpdesk were not able to directly provide those information due to company policy (and hence they were not able to assist further).

This was a disappointment to me as in my previous experiences with the another 3 webhosts, this sort of simple queries were answered promptly in 1 email reply over at most 2 days interval.

Perhaps I am an impatient guy but I felt that the support provided by Godaddy helpdesk could be improved further.  To be fair to them, this is my first encounter with the Helpdesk.  Hence, other's experiences may differ.

If this website were owned by me, I would have shifted out long ago.  However, as this website belongs to my friend, I still have to help her sort out the problem in this connection to mySQL database on GoDaddy webhosting.

Is you have experience in setting up a mySQL database in GoDaddy webhosting services, can let me know the hostname that you used?   You can reach me from here.  Hope to hear from some kind soul soon.  Thanks.

 

2. Presentation: Rich Schefren's Internet Business Coaching Materials


In the past 1 month, you may have hear of several Internet gurus revealing the secret man behind their success.  That man is Rich Schefren.  He helped people in planning their business (online and offline) so that tthey can reach the next level.   In my opinion, it is not suitable for those who are just starting out.

His coaching program sold out in just 2 hours and 14 minutes when it was launched. This clearly shows that internet business building coaching, strategies and tactics are much sought after skillsets in the Internet Marketing industry.

Though you may not be able to join onto his coaching program, Rich has released some very good materials which I have compiled below.  Do pick it up and see how you can benefit from it.  Remember, don't just understand the materials, USE the materials.  TAKE ACTIONS!

This presentation below (1 hour 35 minutes) surfaces several of the concepts which Rich think are VERY important when building a multimillion dollar business.  Please watch carefully, and ask yourself how the ideas can be applied to your business and your situation.

Rich has also released 3 great reports and 3 audio interviews which I strongly recommend you read up on. Note that if you are just starting out, don't use this strategy first.  Use this only after you have some spare cash to move your business to the next level.

For more information, hop on over to Rich's Blog at Strategic Profits..

 

3. Internet: Successful Product Launch Sequence To Hot Market


By Keith Choy

For those of you who have followed how Rich Schefren launched his high-valued (and high-priced) coaching program, it was an impressive example of how to perform a Product Launch to a hot market.

Here's a quick breakdown of his marketing success:

  • 35,000+ download of his Internet Business Manifesto report

  • 1,500 sign up in a few hours for his coaching alert

  • 150 Coaching slots sell out within 2.5 hrs at $5,000 each.

This positive response was expected as Rich has produced a quality product and he has done a good lead-up prior to his launch and also has a good backend selling strategy.

A brief overview of what Rich did was:

  • Create a hype around his product launches by releasing his 2 reports and interviews. He created a curiosity and desire factor around his services.

  • He tie up with his Internet Business clients who helped to push his launch sales.  By extending his reaches, he was able to tap onto a wider net of prospects.

  • He then created a pre-launch alert list.  I was one of those on his alert list. This successfully fueled the compeitiion factor.

  • Once he open his coaching program for signup, the build-up was so great that no surprising, his high-priced (rightfully so) was snapped up under 3 hours.
  • He then released his videos to build up the wow factor.  I find this also to be a good way to avoid the "buyer remorse" problem from the 150 clients who signup by making them stick to the sales.  This step is critical as most people buys on emotion and may change their mind after their logical feelings sets in.

  • This was followed up a series of emails of launch of his other services / classes to the other members who were not able to sign up for his coaching class.  This build up another stream of incomes to his launch.  As there was syngery in the setup, it was just a matter of following-up with his list and offering them a smaller package.  Rich is definitely not leaving any money on the table.

This was a good product launch sequence to model after if you are selling a high-end product that warrant the effort.  Learn how it done.  However, if you are selling a $17 or $27 product, this would be an overkill in my opinion. Adapt a scale-version instead.

About the Author:
Keith Choy runs the WealthMountains Internet Portal which offers tips, tools and news on path to multiple streams of income. To sign up for his WealthMountains Newsletter, go to http://www.wealthmountains.com/news.htm

 

4. Trading: FOREX 101 - Make Money with Currency Trading


The Secrets To Faster,
Easier Forex Trade!

Forex Videos Training System

Learn How To Trade And
Win At Forex
Under 3 Hours!

By Rich McIver

For those unfamiliar with the term, FOREX (FOReign EXchange market), it refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970's, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.

FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.

Another somewhat unique characteristic of the FOREX money market is the variance of its participants. Investors find a number of reasons for entering the market, some as longer term hedge investors, while others utilize massive credit lines to seek large short term gains. Interestingly, unlike blue-chip stocks, which are usually most attractive only to the long term investor, the combination of rather constant but small daily fluctuations in currency prices, create an environment which attracts investors with a broad range of strategies.

How FOREX Works 

Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.

Marginal Trading

Marginal trading is simply the term used for trading with borrowed capital. It is appealing because of the fact that in FOREX investments can be made without a real money supply. This allows investors to invest much more money with fewer money transfer costs, and open bigger positions with a much smaller amount of actual capital. Thus, one can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital. Marginal trading in an exchange market is quantified in lots. The term "lot" refers to approximately $100,000, an amount which can be obtained by putting up as little as 0.5% or $500.

EXAMPLE: You believe that signals in the market are indicating that the British Pound will go up against the US Dollar. You open 1 lot for buying the Pound with a 1% margin at the price of 1.49889 and wait for the exchange rate to climb. At some point in the future, your predictions come true and you decide to sell. You close the position at 1.5050 and earn 61 pips or about $405. Thus, on an initial capital investment of $1,000, you have made over 40% in profits. (Just as an example of how exchange rates change in the course of a day, an average daily change of the Euro (in Dollars) is about 70 to 100 pips.)

When you decide to close a position, the deposit sum that you originally made is returned to you and a calculation of your profits or losses is done. This profit or loss is then credited to your account.

Investment Strategies: Technical Analysis and Fundamental Analysis

The two fundamental strategies in investing in FOREX are Technical Analysis or Fundamental Analysis.

Most small and medium sized investors in financial markets use Technical Analysis. This technique stems from the assumption that all information about the market and a particular currency's future fluctuations is found in the price chain. That is to say, that all factors which have an effect on the price have already been considered by the market and are thus reflected in the price. Essentially then, what this type of investor does is base his/her investments upon three fundamental suppositions. These are: that the movement of the market considers all factors, that the movement of prices is purposeful and directly tied to these events, and that history repeats itself. Someone utilizing technical analysis looks at the highest and lowest prices of a currency, the prices of opening and closing, and the volume of transactions. This investor does not try to outsmart the market, or even predict major long term trends, but simply looks at what has happened to that currency in the recent past, and predicts that the small fluctuations will generally continue just as they have before.

A Fundamental Analysis is one which analyzes the current situations in the country of the currency, including such things as its economy, its political situation, and other related rumors. By the numbers, a country's economy depends on a number of quantifiable measurements such as its Central Bank's interest rate, the national unemployment level, tax policy and the rate of inflation. An investor can also anticipate that less quantifiable occurrences, such as political unrest or transition will also have an effect on the market. Before basing all predictions on the factors alone, however, it is important to remember that investors must also keep in mind the expectations and anticipations of market participants. For just as in any stock market, the value of a currency is also based in large part on perceptions of and anticipations about that currency, not solely on its reality.

Make Money with Currency Trading on FOREX

FOREX investing is one of the most potentially rewarding types of investments available. While certainly the risk is great, the ability to conduct marginal trading on FOREX means that potential profits are enormous relative to initial capital investments. Another benefit of FOREX is that its size prevents almost all attempts by others to influence the market for their own gain. So that when investing in foreign currency markets one can feel quite confident that the investment he or she is making has the same opportunity for profit as other investors throughout the world. While investing in FOREX short term requires a certain degree of diligence, investors who utilize a technical analysis can feel relatively confident that their own ability to read the daily fluctuations of the currency market are sufficiently adequate to give them the knowledge necessary to make informed investments.

About the Author
Rich Mclver is a contributing writer for The Forex Blog: Currency Trading News (http://www.forexblog.org)

 

5. Infopreneur: How to Choose a Freelance or Ghost writer


GhostWriters From Inside Out
Learn
How To Hunt Down
Talented Ghostwriters
To Research, Write
And Proofed Your
Info Products!

By Julie-Ann Amos

When you have a writing project that needs a special touch, consider choosing a professional freelance writer (or ghostwriter) to make it shine. Finding a professional writer can seem a daunting task, especially if you've never done it before, but choosing a freelance writer is much the same as choosing any other vendor for your business. It's important to consider which writer has the skills to deliver a quality product and the professionalism to do so on time and with minimum hassle to you.

ABOUT FREELANCE WRITING

Freelance writing is a unique industry, and it helps to understand a little bit about how it works. A freelance writer is someone who takes on writing projects for hire, usually based on the number of words or pages required. He or she is an independent contractor who works with you to finalize project specifications and deliver a final product that meets with your approval. Define Your Project

The first step to successfully finding a writer is to define your project. This is a crucial step because if you don't have a clear outline of your requirements and needs then choosing a freelance writer will be somewhat like finding your way through a forest in the dark.

So how do you define a project clearly enough for commissioning copywriting that will meet your needs? Here are a few things to consider:

Does your outline list required topics and sub-topics? Does your outline clearly define project milestones and benchmarks? Does your outline specify the required word count? Does your outline specify relevant deadlines and due dates? Are the project timelines and deadlines reasonable? Does your outline contain acceptable contract terms and conditions?

CHOOSING WRITERS

The key to ensuring quality project results is learning a bit about choosing a writer. Much like shopping for a car, choosing an author for your project is a process of considering your needs and looking for a freelance writer who can provide the quality you want at the price you can afford. Not all writers are created alike, so you should carefully consider the qualities you are seeking and evaluate potential contractors accordingly.

Some of the elements you should evaluate are:

Experience References and feedback Writing samples Style and readability Responsiveness to inquiries Reasonable terms and requirements

Above all else, choosing an author for your project involves matching your needs with the person who will deliver an exceptional product. 

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

LOOK FOR EXPERIENCE

How do you know which writer will deliver that exceptional product? One likely indicator is experience. Look for a writer who has completed projects similar to yours in scope and stature. Ask for writing samples and references, and check them thoroughly.

Don't be shy about expecting a freelance writer to provide you with this information. On the contrary, he or she should be happy to supply you with samples that illustrate their skills and style. Take the time to read the samples you receive and look for materials that are similar to what you're seeking. If you don't see anything that's close to the type of project you have, then look for writing styles that are engaging, easy to understand, and capture the attention of the reader. A skillful freelance writer can adapt to whatever style you want, as long as you're specific about your needs.

RELIABILITY IS IMPORTANT

Freelance writers are, by their very nature, creative and open to many types of writing. However, some are not terribly disciplined about meeting deadlines and providing copy that's timely and error free. It's not that they're bad people; it's just that they haven't developed the reliability that buyers rely on when they hire a professional writer.

Checking references is a good way to gauge the reliability of a freelance writer, as is your general experience dealing with them during the project negotiation stages. For example, if a writer agrees to provide you with a bid by a certain date, you should expect to receive it on time. If a writer agrees to provide specific information about their bid proposal, you should expect to receive it in full. If not, then it may be a red flag for you as a buyer. If a writer isn't reliable during the project negotiation stages, then can you depend on them to be reliable with delivery of your project?

PROFESSIONALISM AND CUSTOMER FOCUS

Your project is important to you, so any professional writer who agrees to complete it owes you professional service with a customer focus. You can get somewhat of a sense for these attributes during the contract negotiation process, but there's no substitute for checking references and reviewing feedback.

In today's world where a great deal of freelance writing is contracted via specialized web sites, it's fairly easy to find feedback about a specific writer. Most web sites that match writers with projects also include a section for clients to leave feedback about a writer's performance. Take the time to read these comments and take them to heart, paying particular attention to any statements that refer to the writer's professionalism and focus on customer satisfaction.

SUMMARY

Choosing a writer is a daunting task if you have never dealt with the world of freelance writing before. With a little preparation and a willingness to do your homework, you'll find that choosing a writer is not quite as hard as it seems. Look for indicators that reassure you of a writer's experience and reliability, and make sure your project is well defined.

When you have a writing project that needs the touch of a professional writer, it's well worth the time to hire a professional writer who will provide you with an excellent end product.

About the Author:
Julie-Ann Amos is an international professional freelance writer/author and consultant. She runs a resource for those in need of freelance/ghost writers worldwide. For more information on her writing services visit http://www.exquisitewriting.com

 

6. Resources and Tools for YOUR Success!


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7 Tool of the issue: Automatic RSS Feed Button Maker


To make it easier and more convenient for readers of your blog to subscribe to your RSS feed, this RSS feed button maker tool will create a variety of different buttons that embed your blog's RSS feed for feed readers and feed aggregators.

This includes the major RSS feed readers: Rojo, My Yahoo, Bloglines, newsgator, My MSN, Pluck, NewsBurst, searchfox, Google Reader, My AOL, del.icio.us, Feedster, Furl and also for Yahoo My web.

Just enter your blog title, the blog URL and the feed URL and click "Create Buttons". The next screen will display code that you can copy and paste into your blog template.

A great online tool for your blog.  Visit the site at http://www.toprankresults.com/tools/button-maker.php

 

8. Book Recommendation: How To Make One Hell Of A Profit And Still Get To Heaven


How To Make One Hell Of A Profit And Still Get To Heavenby John Demartini, 229 Pages

In his book, John finds that millions of people worldwide dream of making a "good" living, of attaining great wealth, and having an extraordinary and fortunate life. However, they haven’t yet found a way of attaining it, and they fear that they can only do so at the expense of others—perhaps by compromising their higher spiritual values and virtuous nature.

The author also feels that some people who outwardly acknowledge their desire for great wealth feel inwardly guilty about acquiring it, and their illusive conflict blocks or dissipates their potential fortunes. Other people say they just want to be comfortable and secure rather than vastly fortunate. These individuals also hold themselves back from breaking through to new levels of financial freedom, and actually living their most cherished and inspiring dreams.

Are you one of such person?

This book was written to help you (if you happen to be like most people) dissolve these apparent conflicts. It can assist you in making your financial dreams come true while shedding light on an entirely new way of looking at, understanding, and appreciating the true nature of Earthly profits and heavenly wealth.

Dr Demartini says your wealth is tied to your value system and he shows how to recognise your wealth values in this book. He fills the book with his experiences and insights gleaned from years of experience as a professional speaker, author and business consultant.

Insipiring and motivating, this book provides practical steps for you to turn your life around to attract and retain wealth.

Get a copy of this book "How To Make One Hell Of A Profit And Still Get To Heaven" now to overcome your mental obstacles to getting rich.

 

9. Lighter moments: Red Paper Click Trading


A guy from Montreal, Quebec Canada started a dream based on a game called "Bigger or Better".  In the game, you start with a small object and trade it for a bigger or better object.  You repeat this until you get to what you want.

This 27-year old Kyle MacDonald (age as at time of this issue), want to trade a red paper click all the way up to .... a house in 1 year!

He started his journey on 12 Jul 05 with this paper click
one red paperclip

After 14 up-trades at exactly 1 year after he started, Kyle traded his 2nd last item (a Movie Role) for a house by the town of Kipling Saskatchewan Canada.

one house

Check out his Blog for this interesting journey.  Hmmm,  anyone want to trade a stapler with me?

To Your Success,
Your Trekking coach to Infopreneur, Stock, Internet, Real Estate and Personal Mastery
Keith Choy
Guide to Wealth Mountains

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