Piggy Back Your Way To Internet Business Success On Ebay How To Choose A Reliable Web Hosting Company A Tip For Newbies Trading Systems And The Carnot Cycle Managing Your Virtual Assistant Clients While Working At Home With The Kids
Many people have discovered that one of the easiest and most profitable ways to start up a home-based business is to go piggy-back on eBay! All you have to do is open an eBay account and offer a range of products for auction or direct sale on eBay’s massive auction site. An eBay business costs little or nothing to set up and yet there are no limits to how far you can take it. Many people have used eBay to build businesses as profitable and successful as some leading independent companies.What does it take? First of all you must have a determination to succeed online and a willingness to learn new skills. You will need to learn how to do some basic market research and how to develop your marketing skills, but once you have acquired these skills you can make a success out of your eBay business.
Many people were motivated to set up a business on eBay by little more than seeing other people selling off their unwanted goods, often for more money than they would’ve got advertising them in the classified section of their local paper. That’s how many eBay fortunes started. Take a look around your home and consider all the junk you have accumulated over the years. All that stuff which is collecting dust today could be making you money tomorrow. Do some basic research (in other words, simply browse eBay looking and what is selling and how it is going for) and see how much you could reasonably expect to get for your old, unwanted stuff. If the prices seem worth it to you, go ahead and start selling. By dipping your toes into eBay and testing the waters you’ll soon discover whether or not selling on eBay feels right for you as something you might want to turn into a major enterprise.
The next thing you should do is to conduct further research into the eBay universe. First, make a list of about ten items you might be interested in selling on eBay auctions. Next, research those items and check out the competition. It is certainly not impossible to compete with established eBay companies, but this can be difficult for the inexperienced newcomer. It would be much better to find a niche that seems to be largely ignored, and target that base. It could even be a subgroup of a more popular and competitive market. You can build a successful business on eBay simply by more closely targeting a particular niche market.
Another way to make money on eBay, with hardly any up front capital, is by selling informational e-Books. There is an whole section of eBay which is dedicated to these books. There is almost certainly something that you know how to do better than anyone else you know. If not, conduct some research. If you can write, then you have all the tools necessary to create a powerful money-making informational e-Book. It costs you nothing but a bit of time and effort, and once it is completed you can sell it for any price you wish. The result, minus insertion fees, is pure profit.
Once you have gained some experience on eBay you will want to consider setting up an eBay store so that you can expand your inventory without having to manage lots of auctions all at the same time. The different ways of selling on eBay, whether through auctions, or by selling one-off goods at a fixed price, or by stocking up an eBay store, each has its own special role to play in developing your eBay business. As your experience grows you will discover that a mixture of different methods run in concert with each other will help your business to grow.
Regardless of what you finally decide to sell, or how you choose to sell it on eBay, you will have to provide good products at competitive prices. Just as in the rest of the business world, eBay runs according to the iron law of supply and demand. There is simply too much competition online for you to imagine you can make a success of your eBay business with anything less than complete commitment and the determination needed to make any small business work in the long run. On the other hand, hitching a ride on the back of eBay is one of the best ways of achieving Internet business success.
Reliable web hosting is vital for anyone attempting to earn money with a business website.
Choosing a host for your website is not easy when you are an Internet newbie and don’t really know bandwidth from Band-Aid. What selection criteria do you use? If you are a total newbie, about the only thing you will know how to compare is price but if you do a search for web hosting you will have ads coming at you for all prices from $10 per year to $25 per month. Should you go for the most expensive on the basis that you get what you pay for or should you go for the cheapest because saving money is a priority while you are getting your business running?
The first thing to rule out is free web hosting. There are many great free resources to be found on the Internet including excellent anti-virus and anti-spy ware software. Free hosting is fine if you have a hobby website but, if you are running a business online and wish to achieve credibility with visitors and search engines, free web hosting won’t do the job.
I discovered the hard way that cheap web hosting is not necessarily the bargain it might seem. When I started looking for hosting for a new website, I already had top class hosting that had come with my first website. There was an option to add on further domains for an extra $5 per month. That was cheap enough but I thought it would be a good idea to have my new website hosted completely separately (you know, the old eggs in one basket caution).
When I started checking around, there seemed to be millions of web hosts all offering what (to my untrained eye) seemed to be the same thing but at wildly varying prices, so I settled on a cheap hosting package. The cost was
Your goal is to maximize your profits and thus your return on your trading capital. But how do you know if your trading is truly optimized or if there is room for improvement and more money to be made with it? If it could be better, is it you or your system and how can you tell?
Trading systems, like automobile engines, are never 100% efficient and there are parallels between the two that can be useful to you. There are many concepts from Mechanical Engineering which can be utilized in Trading. One in particular is the Carnot Cycle.
The ultimate engine would convert every joule of the chemical energy in the fuel to work as that is the engine’s primary purpose. In the real world, a certain amount of that chemical energy is lost to heat, friction, entropy and other inefficiencies.
For any given trading system executed perfectly, there will always be a certain percentage of trades that are not profitable and a certain portion that are. Additionally, most systems are based on lagging indicators and even “predictive” systems still rely on historical data. No system out here will pick the exact top and bottom of every market move, so the size of actual gains and losses is also a factor in the profit potential. So how can you tell what is the true potential of your trading system?
Back in 1824 Nicolas Leonard Sadi Carnot developed a thermodynamic model called the Carnot Cycle for engines which provides the maximum output that can be expected from any given type of engine. For example the Carnot Cycle for a diesel engine shows the absolute maximum work output that any diesel engine could attain.
This thermodynamic model was and is particularly useful for combustion engine design because in very clear mathematical terms, the Carnot cycle represents the ideal cycle possible. It clearly identifies and illustrates the greatest achievable efficiency for a given engine type.
Even a perfectly designed and manufactured diesel or gas engine can only hope to achieve the efficiency of the Carnot Cycle as calculated in the thermodynamic analysis. There will always be losses due to heat and entropy.
Fuel efficiency in automobiles has substantial consequence to all of us both direct and indirect as it impacts the cost of transportation for both ourselves and goods we buy.
Efficiency in Trading also has both direct and indirect consequence as it impacts both our account and our quality of life. Profitable trading provides monetary rewards and personal gratification, while inefficient trading can have a severe negative impact on our self-esteem and our quality of life.
Like the Carnot engine, you can determine the maximum potential for your trading system through backtesting it under ideal conditions, when every trade is executed perfectly in the market of your choice according to the rules and indicators of the system. Since most systems and software make use of lagging indicators, it is important to make sure that during backtesting you trade the system exactly according to the system.
During this process, you can make determinations that have direct financial benefit:
– what the true maximum profitability is for your system
– you would have a baseline or reference point for long- term planning for your trading.
– see if you’ve had reasonable or unrealistic expectations for your system and your profitability.
– if you find that your system is not capable of results that are satisfactory to you, then you need to look at possibly modifying or replacing your chosen system.
– if your system is capable but you haven’t been seeing the results you expect, then you know to look for opportunities for improvement in how you trade.
– if you find that you’ve been making specific mistakes due to emotions influencing your trading, then improving your emotional management would be the most likely way to have a substantial impact on your results.
A focus on continuous improvement is a mindset and practice that has direct financial rewards for traders that pursue it.
Regardless of the markets you trade or the system you use, emotional management is imperative to realize the most from your trading, as this is one of the most common inefficiencies.
In Trading, inefficiencies are losses and missed profits and add up considerably over the course of a year. Having a clear understanding of what your system’s possible best is, then identifying those inefficiencies in your trading is empowering and rewarding both financially and personally.
Virtual assistants are on the rise. This is an excellent profession for the work-at-home mother. Here are some tips for managing your workload while the kids are home.
What is a virtual assistant? A virtual assistant is someone who provides businesses with services that aid them in the daily running of the business. They perform tasks like word processing, web design, corresponding with business clients, and database management.
Managing this business from home has advantages and disadvantages. For one, a mom can keep her kids under her watchful eye instead of in a daycare center. The family saves money on the cost of a sitter. She can also work in her pajamas until noon if she chooses.
Moms with home-based businesses can experience scheduling issues though. Children, especially small ones, don’t understand that mom can’t play because she has to work on the computer. Infants are even less forgiving. When they need something, there will be no relief for mom until she satisfies them.
With virtual assisting clients, the needs are varied and sometimes urgent. How can a mom work her business and take care of the kids? Planning is of the utmost importance. Patience is a must as well.
If you have an infant, schedule phone calls and net meetings during nap times. Babies sleep several hours a day. Use that time wisely to get client deliverables finished and sent out.
If you have a toddler who can walk and get into things, he or she will need to be in the office area with you. Toddlers do not sleep for long periods of time, so phone calls can be handled then, but other work will have to be managed with them awake. Setting up a play area in the corner of the office will keep your toddler occupied.
Place a few of their favorite toys, a blanket, and a pillow in the play area. A small television with a VCR for tapes of favorite shows gains their attention while you work on the computer. When they get tired, they can lie down and take a nap.
If you have more than one child, you may consider hiring a nanny once or twice a week. On these days, schedule conference calls, onsite meetings for local businesses, and other activities for which you need undisturbed quiet. Make the most of those days to lighten your load on the days when you are the caregiver for the kids.
Managing a virtual assisting business can be done with the kids at home. Setting a schedule and sticking to it will help you remain sane when the kids want and need your attention..
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