Tuesday, February 26, 2013

How to Make $100 Dollars A Day From Home The EASY Way (Doing What You Love)

Who else wants to make 0 a day working from home? Does the idea of earning extra money doing something that you love excite and motivate you? Are you passionate about helping others, sharing your natural gifts or simply contributing to your "community" in a way that feels good AND makes a nice profit to boot? In this article we are going to talk about the absolute EASIEST way to earn 0 a day from home, through parlaying your passion, and natural sense of purpose, into perpetual piles of profit. Care to know more? Continue reading as we take a closer look below!

First, understand THIS to be TRUE, because it is:

The easiest way to make money online is NOT selling affiliate products. Or placing AdSense ads on websites. Or autoblogging. Or selling digital downloads on ClickBank.

How to Make 0 Dollars A Day From Home The EASY Way (Doing What You Love)

It's taking what you do BEST, have natural enthusiasm and expertise in, and creating content, and community around your gifts. Period!

I don't care if you are a martial arts expert or a gifted mechanic. A credit counselor or a cook. You CAN create content that attracts a community. And you CAN codify your content into a curriculum that you can tell, sell, preach and teach without much effort at all.

Here is the EXACT secret to earning 0 a day in less than 30 days using this model.

You need to come up with an offer. What is it that you can sell? An ebook, an audio download or even personal access to you? If you can COACH, which can take many different forms, making money online is super simple.

It's actually the oldest way to make money offline as well - simply tweaked and translated for an online environment.

Offer services for sale. Or a product to purchase. Or PREFERABLY, both. (you can actually turn your coaching sessions into products, and your products into coaching sessions as well.)

And here is the PROCESS I use to do it:

Create content, much like this article and drive your readers, those that want to learn more, to a one page opt in offer.

You should have NOTHING else on that page - a headline - an offer to sign up for your sequence - and nothing else.

I call this the strategy of straight lines, and if you target your audience properly, about 20-30% of your article readers will sign up for your community.

Follow up Ferociously....and by bringing your BEST material each and every day.

Forget "gurus" who tell you to mail once every 3 days, or twice a week or month. Mail something of value EACH and every day for at least 10 days. Do this step before folks sign up....so you have an automated sequence of messages that is guaranteed to go out, rain, snow, or shine.

Have an OUTRAGEOUS offer. This could be a phone call consult with you. It could be an eBook you've written. It could be you talking into a recorder about ANYTHING that you love, have passion for, and matches the marketplace, or community you are creating in. It could be a group coaching environment, or a challenge or contest that your community will pay to join.

The key is, create an OFFER. And price it so that it offers you the opportunity to earn 0 a day. (that could mean selling ONE person a day a 0 offer....or selling one person a MONTH something for 00)

Unfortunately, this is where MOST people drop the ball...and it's such a shame, because it's actually SO easy to do! (and the simple steps above WILL get you there, I promise)

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Tuesday, February 19, 2013

How to Calculate Pip Values

In Forex trading the concept of pip values is important. A pip is the value that indicates the movement of price of one currency against another. Pip values are of foremost importance to investors, as these indicate the profit margins that will be gained through the currency trades. Pip values are in a constant state of flux; inevitably so because of the fluid nature of the Forex market. A pip is generally calculated in units of 0.0001 or 0.01%, so if a currency moves from the value of 1.2440 to 1.2355, it is said to have moved by 5 pips.

When looking at currency pairs, calculating pip values is easier from the quote currency point of view. Taking a look at currency pairs of JPY/USD, CHF/USD, or GBP/USD, where the US Dollar is the quote currency, we can find out the pip value quite easily, which will be , according to current exchange rates. This is done by looking at the quote of the pair. For example, if you look at GBP/USD, the quote is 1.9730, which means 1 UK pound is worth 1.9730 US dollars. In currency trading, there are standard lot sizes, which are usually 100,000. So, 100,000 UK pounds will be worth 197,300 US dollars. Now if the pip value moves up by 1, to make the GBP/USD 1.9731 and the 100,000 UK pounds will be equivalent to 197,310 US dollars. So if you are trading for JPY/USD and the market moves by 10 pips in your favor, you will make a profit of 100 US dollars.

If the US dollar is the base currency in a pair, in the quote of USD/GBP of 0.6439, the value of 1 US dollar is worth 0.6439 UK pounds, which means that 100,000 US dollars is worth 64,390 UK pounds. Now if the price moves up by 1 pip, then USD/GBP will be 0.6440, indicating that 100,000 US dollars would equal 64,400 UK pounds now. In this trading scenario, a progression of 1 pip would equal a movement of 10 UK pounds, which when converted to US dollars results in a pip value of 15.53 US dollars, found by 10/0.6440.

How to Calculate Pip Values

We have used the standard trading lot with the USD as the quote currency with a pip value of in our calculations when the USD is the base currency, the pip value will change according to the current market quote price.

How to Calculate Pip Values
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John Drummond works from home. He writes often on business, trading, and finances.
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Monday, February 4, 2013

5 Ways to Make Money Fast and Easy

This is where the rubber meets the road. Traction is something we all lack when we are doing research and ultimate field tests in the quest for our first million. More traction would be great, whatever step in the ladder you are at. So lets give you a little traction before you seize your jets. The following 5 strategies will give you the moves to take you to the first level. -A guy/gal with a proven idea that can be replicated - (An enviable position to be in)

1) Let's get this straight. Million dollar bank balances are numerical in nature. By that I mean a million bucks is not made up of 1 large million dollar bill. Its made up of exactly one million single's. Or to go to the lowest common denominator, its actually numerically made up of One thousand, million (or 1 billion) cents.

Make money fast and easy by thinking of money as numerical and therefore exponential. A dollar that you hold in your hand is the same as million dollars. No difference at all. Its a seed that grows into a tree, then that tree spurs more seeds. (I apologize for the metaphor, but how else can we put this so you understand the nature of the reality as it is)

5 Ways to Make Money Fast and Easy

2) When you approach your 1 million dollar goal, you are biting off much much more then you can chew thinking about that million.

To make money fast and easy always think small. Refine, refine, refine. Then duplicate, duplicate, duplicate. Are you with me? Is this making sense? Make a simple little mouse trap, then make lots of mouse traps exactly the same way.

3) Find demand and supply into that demand.

To make money fast and easy, even before you think about "what" you will do, you are going to research demand. You will become an expert at sniffing out needs. This skill is a millionaires bow and arrow. Let me tell you, most millionaires couldn't hit the side of a barn much less the bulls eye. But they DO know this. So their aim is not important. What is important is that the target is nice and gigantic. How can they miss?

Trust me, its what millionaires do, its how millionaires think. Always supply into Fat juicy demand where the picking is easy. Do you want medals of bravery or a million bucks asap?

4) Have a structure you never deviate from.

They always failed to plan when they planned to fail. Once your research is done never deviate from it. Give it a good run but if it doesn't work out for you then move on without shedding a single tear. Chance and "chaos theory" are fascinating things. Probability is what millionaires deal with. They never delude themselves into believing in absolutes.

To make money fast and easy, you will not work backwards or second guess yourself. Plant yourself firmly in the middle of the road on the high side and go forward. Don't make it up as you go. Stick to what your demand planning told you to do. Many give up after 1 failure, but probability is a funny thing. We think we can control it, but even when all your ducks are lined up in a row, it may not work. But give it a chance and let it prove itself and you may find over a number of attempts you will get the results you expected.

5) Diversify AND Go deep.

They call out diversify when it comes to investing. Fair enough. Things change and relying on just one source for your income stream is dangerous. And it is. But there are two sides to every coin.

The pareto principle states that reality and probability are stacked unevenly. We as rational human beings think of everything as equal and even. However scientific evidence and business experience tells a different story. The pareto principle is also known as the 80/20 rule. It states that 80% of your results comes from 20% of your activities. Is this significant if true? You bet. It means that of every effort you make, of all the many things you do to manufacture your results, only 20% actually is responsible for a large proportion (in fact 80%) of them.

So what does this mean in English? It means you can easily quadruple your results by finding out what that special 20% activity is and stop doing everything else. By focusing on just that 20% activity you will not only increase results, but you will create a new Pareto principle refined of the old one at a higher level. In this way you move forward and evolve your activities to higher and higher levels.

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