#EANF#

So you’ve decided to start a home based business, but you are not sure if the network marketing company you want to join is right for you. Everything you have heard about them is “TOPS”. But you’re getting all of your information from the company’s independent associates and the up-line. Every time you get on a conference call, the information they provide sounds great. The presenter say everyone is making tons of money, going on trips all the time, driving expensive cars, and living in mansions. Who wouldn’t want to be part of all that success? They talk about the company, the product, and the opportunity. And then, it’s decision time. All of the excitement gets your adrenalin pumping and you’re ready to jump in. But you decide to be cautious, and do a little research on your own. After you arrive home, and its just you and the mirror, you have second thoughts. “Can I really do this business?”, you ask yourself. “What happens if I can’t get anyone to join?” “Is this one of the legitimate home based business opportunities? Or is this another MLM company that feeds off of people like me?” All of sudden, you are not confident as as you were on the opportunity call. Don’t feel bad because you’re not alone.Tens of thousands of North Americans decide to start a home based business every year. And many of them opt for a network marketing opportunity. But the facts remain the same, whether it is a traditional business venture, or an MLM opportunity, most new home based businesses aren’t successful. Why? Its a combination of poor or no research, bad business planning, and unrealistic income expectations.When a person enters the network marketing arena, it usually goes something like this. A friend invites them to an opportunity meeting or to listen in on a opportunity call. When they do so, They usually get caught up in all the hype, and before they can say “What am I getting myself into?”, they have brought into a business, and joined a company they really know nothing about. It happens all to frequently; from hotel conference rooms to private homes, to conference calls, thousands of people join business opportunities every week.Most of these new business owners never get their business off the ground. And if they do, most never turn a profit. Why? The main reason is that most people aren’t ready to start their own business. They weren’t looking to start a new business in the first place; usually someone else convinced them to do so.But there are some people who are ready, and are looking to get started with a business opportunity. And you may be one of them. If so, you probably already have the passion and the drive to make it happen.You probably have the investment money to get it started. And you probably have the money to sustain yourself and your family while you build your business. You are ready. You have researched a number of MLM and network marketing companies that peak your business interest. And now its time to put them to the test. Here are ten questions you must ask before going into business with a MLM or network marketing company:1. Is the company solid? Financially, and Ethically.A. How long have they been in business and what is their financial situation? There are hundreds, if not thousands of new business opportunities that have popped up in the last ten years. It is a good rule of thumb that if a business has been around for 5 years, they should be making a profit.B. Are there a lot of complaints with the BBB, or your State Attorney General’s office? If a company has more than a few complaints, that should trigger a yellow (caution) flag.2. Is there a real need in the marketplace for their service or products?A. What percentage of people need the product or service? If your product or service is only needed by a small percentage of people, then you will have a difficult time marketing it.B. What percentage of people want the product or service? If everyone wants it, or could use it, but very few know its available, then you might have a gold mine. Still, you will have to get the word out; and that’s where the company will be counting on you. There must be a balance between ‘needs’ and ‘wants’, or supply and demand, for a product to be successful in the marketplace.3. Does their product or service support itself without offering the business opportunity?A. In other words, is the product affordable or is it overpriced? Many companies offer inflated prices on their products or services, making it difficult to sell. Often times this leads the associates selling the business opportunity, instead of offering the products. Beware of companies that offer extremely low commissions when you make a sale on the product side, but give huge bonuses when you recruit someone into the business.B. Is the product or service exclusive to network marketing or can you get it anywhere? If a potential customer can get your product just about anywhere, it will be that much harder for you to make a profit and you will need to be able to convince your potential customer that what you have is better than the rest.4. Do they have a real internet presence?A. Can your prospects purchase the product from you online? This is a must in 21st century network marketing. Building a client base will still require human interaction, but when your customer is ready f to make another purchase, this is the easiest, and safest, way to provide them with immediate access to your product(s).B. Is the company new to the internet? Do they have a proven track record? This is important to your success when it comes time to make the sale, or recruit an associate. A good company will always have an IT department with web developers that keep the content current.5. Can you recruit online?A. Can you manage your down-line online? It is vital to your business to be able to track your sales to the penny. Many companies only provide BPV, or product volume, etc. But you want to have daily access to gauge your sales volume in dollars and cents. This also pertains to your down-line. You should have the potential to send broadcast messages and thing of this sort. It will be a very important for communication with your organization.6. After the initial investment, how much money can you expect to invest before you see a check? One of the advantages in going into business with a MLM or network marketing company is supposed to be the low initial investment. Combined with the potential for quick income, these to items are essential in building a successful business. Its called ROI (Return on Investment). The faster you receive it, the greater potential you have of growing you business. The bottom line is if you don’t see yourself drawing a commission within 90 days of starting you business, then another caution flag should go up.7. How fast and how often do they pay commissions?A. Are checks distributed once a month, once a week, or once a day? Many years ago, MLM companies only cut checks at the end of the month. Today, that’s hardly acceptable. Today, money moves a lot quicker then it use to. And it has to in network marketing. Getting your commissions to you as quickly as possible is vital so that you will have money to sustain your business.B. Are checks direct deposited? Point blank; this is a must.8. Is there a real potential for override income?A. If you are at least one level above your recruit, are you entitled to override income? Some companies expect you and your organization to produce a certain amount of volume, or meet certain monthly quotas, before you can receive override income from your downline. Generally, a good rule is to find a company that offers over-rides; if you recruit someone and they are at least one level below you, you should be entitled to overrides from them and their organization.9. Is there potential for real residual income?A. If your customer continues to buy the product or service, do you get monthly commissions? Residual income means you get paid, as long as the customer you introduced to the company, continues to purchase the service or products. This is a no-brainer and real way to build wealth in network marketing.10. Is there real training?A. When you join a MLM company, more than likely, they will encourage you to make your list by going after your warm market. Your warm market is your relatives, friends, neighbors, and co-workers. They will encourage you to have a home meeting, bring your guests to the weekly hotel meeting, or invite them on a conference call. That is all good for generating a quick return on your investment while you are learning the business. But what happens if and when the list drys up? What happens if the person who recruited you drops out of the business? Are your up-line folks accessible? Are there company sponsored training and events?B. Is there training that teaches you how to really tap into 21st century internet marketing? Today the internet is the engine that drives network marketing. Billions of dollars are earned in network marketing utilizing the world wide web. When you decide on your business, make sure that your recruiter has a plan that will position you so that you will be noticed on-line. Make sure that it includes training that will teach you how to target your market and drive traffic to your website. This is the single most important lesson that you will have to learn to ensure you are successful with your new business.So here you have it. The ten questions that must be asked to determine if the company your are interested in offers a legitimate home based business opportunity. You want a company that will assist you in laying the foundation for real success. If that company provides good, concrete answers to these questions, then it’s a good bet that going into business with them will be beneficial. Researching to find the right company and network marketing business to join could very well be the most rewarding time you will invest in your future.

Student Loans, Financial Aid Both Rise in 2009-10

According to a new report by the College Board, both loans and other types of college financial aid rose in the 2009-10 academic year, although this increase in student aid was largely offset by rising college costs, which increased by about 6 percent.The College Board, in its annual “Trends in Student Aid” report, estimates that a total of $154.5 billion in student financial aid was distributed in 2009-10. Grants now comprise about 50 percent of student financial aid from all sources, both federal and private sector.In 2009-10, the average undergraduate student financial aid package was worth nearly $11,500. This figure includes more than $6,000 in grants and more than $4,800 in government-backed federal loans. Graduate students received slightly more financial assistance, on average, in the form of grants — nearly $6,400 — but also borrowed more heavily. The average graduate student took out more than $15,700 in graduate loans.GrantsCompared to student financial aid figures for 2008-09, grant aid to undergraduate students increased by 22 percent, while federal loans increased by 9 percent. The 2009-10 academic year also saw a 16-percent increase in the average federal Pell Grant award to $3,656, the largest one-year rise in the program’s history. Only about one-fourth of all Pell Grant recipients, however, qualified for the maximum grant amount of $5,350.Student LoansPrivate student loans — college loans issued by private lenders rather than by the federal government — represented about 8 percent of all loans in 2009-10, a decrease from 25 percent in 2006-07.Federal subsidized Stafford student loans made up about 35 percent of all loans in 2009-10, an increase from 31 percent in 2006-07. Unsubsidized federal Stafford student loans accounted for 42 percent of the combined federal and private student loans taken out in 2009-10, an increase of about 12 percent from 2006-07.Subsidized Stafford loans, which are available only to students who demonstrate financial need, are government-backed college loans on which the government will pay the interest while the student is in school or in a period of approved deferred payments. Unsubsidized Stafford loans are available to students regardless of financial need. Although students, as on a subsidized loan, may defer payments on a federal unsubsidized college loan while they’re in school or in certain other authorized circumstances, the student, not the government, will be responsible for paying all the interest that accrues on an unsubsidized loan during those periods of deferment.According to the College Board, about 65 percent of all undergraduate students in 2009-10 did not accept Stafford loans of any type. The majority of students who did accept Stafford college loans ended up taking out both subsidized and unsubsidized loans. The average Stafford student loan debt load in 2009-10 was $6,550.In 2008, Congress authorized increases in the maximum annual and lifetime federal lending limits for Stafford student loans. The expanded loan amounts were approved in part to discourage students from taking on the burden of private student loans, which tend to carry higher interest rates and fewer borrower protections than federal loans.Currently, dependent undergraduate students can borrow up to a maximum of $31,000 in Stafford college loans throughout their undergraduate college career. Independent undergraduates, as well as dependent undergraduates whose parents do not qualify for a federal parent loan, can borrow up to a maximum of $57,500 in Stafford college loans.Graduate students may also be awarded both subsidized and unsubsidized Stafford student loans, up to $20,500 a year and up to a total lifetime maximum of $138,500, including both their undergraduate and graduate Stafford loans.

The Importance Of Trading Psychology And Discipline

As a trader at any skill level, you know how important it is to do your homework and understand the status, fundamentals, and inner workings of a company that you are investing in. It’s also important to recognize the direction of the market’s trends. Still, it’s even more important to maintain a high level of discipline over your emotions.Trading PsychologyAs a trader you know that you are often required make quick decisions because you are rapidly moving in and out of stocks. This is where the psychology and discipline of trading is important because you need to be in a certain state of mind to remain on top of your investment endeavors. A big part of this discipline is to control your emotions and fully adhere to your trading plan and understand when to book profits and losses.Understanding your fearsWhen you are involved in trading and stocks are down, it’s understandable that you will be a little scared. Unfortunately, this fear might cause you to overreact and liquidate your holdings, go to cash, and refrain from taking any more risks of losing money. This action might prevent you from some losses, but you also risk missing out on potential gains.One way to help deal with fear is to understand what the fear is. By definition, fear is a natural reaction to what is perceived as a threat. In trading, that fear could be a reaction to a posed threat to your profit or potential to make money. You will better deal with fear if you consider what exactly you are afraid of and why you are afraid of it.If you ponder the issues of your fear at a time when you are not emotionally charged, you are better able to determine how you might react in a given situation. For example, if you think things out ahead of time, you might be able to identify your feelings of fear during a trading session. By acknowledging your fears you can focus your efforts on moving past the emotions that might distract you from completing a successful trade. This exercise takes practice, but it is necessary to preserve the health of your portfolio.Greed is your worst enemyA common statement cited on Wall Street is pigs get slaughtered. When investors are winning, many of them hang on to their winning positions much longer than they should in the hopes of getting every possible tick. This is risky and can result in a devastating blow to your position.Despite being aware of the greed factor in trading, it is a difficult emotion to overcome. Many traders have an inherent desire to keep doing better so they push the boundaries of their trades. It is important that you recognize this emotional trait and develop your trade plan on rational business decisions, not emotions.The importance of following trading rulesTo avoid the risk of emotions undermining your trading efforts, it’s a good idea to establish guidelines based on your risk-to-reward relationship before you enter a trade. These trading rules can function as a safety net that can prevent you from a catastrophic loss. For example, if a particular stock is trading at $15 per share, you might consider getting out at $15.25 or even at just below $15 to put in a stop loss limit and get out.Your rules might not apply to only price targets. You might consider certain macroeconomic reports or specific positive or negative earnings as a guideline that will affect your trading decisions. For example, a signal to get out of a trade might be if a large buyer or seller enters the market.Another guideline might be a limit on the amount you win or lose in a day. For example, if you win a certain profit amount, according to your rule on wins you would be done for the day. In contrast, if you lose a certain amount, it might be a signal for you to get out and go home for the day. Sometimes it’s best to just take what you can get and go even if the market has the potential for higher gains.Creating your trading planA good rule to follow in trading is to learn as much about your area of interest that you can. If you’re primary interest is in a certain area of technology, you should learn as much as you can about that industry.You should include a plan to educate yourself as part of your overall trading plan. There are plenty of trade publications and other resources where you can learn about your area of interest. Find out about industry seminars, conferences, and forums where you can interact with industry experts. It’s important to learn about the functionality of your chosen industry, but you also need to devote time to understanding your industry’s financial health. Arming yourself with knowledge of your particular industry can help alleviate some of your fears with trading.While it’s a good idea to develop a level of expertise in your chosen industry, it’s also important to experiment with new processes. For example, what other options are there for mitigating risk? How will moving your stop losses affect your trading strategy? Experimentation is a good way to learn about trading and help you contain your emotions during a trade.Your trading plan should include intervals where you review and evaluate your performance. Some of the components you should review include:· How up-to-date you are on the markets?· How prepared are you for a trading session?· How you are progressing with your education efforts?Periodically assessing your performance helps you correct past mistakes and prevent similar mistakes in the future. It also helps keep your mind clear, in the proper zone, and psychologically prepared to trade.Bottom lineAs a trader, you must be able to properly read a chart and have access to the right technology to successfully execute your trades. This is the mechanics of trading. You also need to consider the psychological component of trading. This entails creating a solid trading plan, setting trading rules, and researching your areas of interest. All of these components can help you overcome many of your fears in trading.

Are You Choosing the Right Stock Market Advisory Company

What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.

If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:

How much assistance do you actually require?

Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.

Choose a top ranked advisory company

It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.

Asking for a sample financial plan initially makes sense

When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.

Conclusion

The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.

Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.

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