Post about "Investing"

Real Estate Marketing Technique: Dominance or Warfare

Effective real estate marketing technique is the foundation of a good real estate marketing system. And the real estate marketing system contains a list of specific actions required to successfully implement a specific real estate marketing technique.Here’s an example of a real estate marketing technique that every agent and his and her uncle uses: “Offer a No Cost Obligation Competitive Marketing Analysis (CMA) to attract consumers.Once you’ve established a relationship with the prospect you can then segue into your pitch to sell additional, higher-margin products and services that enhance the consumer’s interaction with the low-cost product or service.”Specifically, you are angling for a “listing agreement”, and if you get it you can then add on “seller” giveaways to make the listing more appealing to buyers and therefore easier to sell (seller agrees to pay discount points, offer home warranty plans, agree to sell-lease backs, etc.)No, I’m not talking about under pricing it to sell it quickly, or anything else unethical. Instead, I am talking about having open and honest dialogue with your seller to determine what kinds of concessions he or she is willing to make to get their properties sold. It could be a new paint job, a new roof, the installation of new carpet and anything else imaginable.It’s important to realize that a real estate marketing technique is different than a tactic. While it is possible to have a tactical real estate marketing system without a sound, well-considered real estate marketing technique, it is rare to be able to develop one that withstands the test of time.Some real estate marketing techniques are based on market dominance. In this scheme, agents are ranked based on their market share or dominance within their communities.Still, other real estate marketing techniques are outright aggressive. They beg the questions whether you should grow your business or not, and if so, how fast.Finally, other real estate marketing techniques are warfare based strategies. Ever hear of Guerilla Marketing? Well, that’s where the term comes from.Using technique that you are comfortable with, that is more in keeping with your personality is recommended, because when the going gets tough you are so likely to abandon it. I’m starting to use the term more frequently these days, but only because it’s true; slow and steady wins a lot of races, and when you implement your real estate marketing techniques and strategies know that although the going may be slow initially, while you’ll eventually reap the benefits of your efforts.Summarily, effective real estate marketing technique is the foundation of a good real estate marketing system, which is key to your short, intermediate and long term success.May your real estate career be long and rewarding.

What Is an Investment?

One of the reasons many people fail, even very woefully, in the game of investing is that they play it without understanding the rules that regulate it. It is an obvious truth that you cannot win a game if you violate its rules. However, you must know the rules before you will be able to avoid violating them. Another reason people fail in investing is that they play the game without understanding what it is all about. This is why it is important to unmask the meaning of the term, ‘investment’. What is an investment? An investment is an income-generating valuable. It is very important that you take note of every word in the definition because they are important in understanding the real meaning of investment.

From the definition above, there are two key features of an investment. Every possession, belonging or property (of yours) must satisfy both conditions before it can qualify to become (or be called) an investment. Otherwise, it will be something other than an investment. The first feature of an investment is that it is a valuable – something that is very useful or important. Hence, any possession, belonging or property (of yours) that has no value is not, and cannot be, an investment. By the standard of this definition, a worthless, useless or insignificant possession, belonging or property is not an investment. Every investment has value that can be quantified monetarily. In other words, every investment has a monetary worth.

The second feature of an investment is that, in addition to being a valuable, it must be income-generating. This means that it must be able to make money for the owner, or at least, help the owner in the money-making process. Every investment has wealth-creating capacity, obligation, responsibility and function. This is an inalienable feature of an investment. Any possession, belonging or property that cannot generate income for the owner, or at least help the owner in generating income, is not, and cannot be, an investment, irrespective of how valuable or precious it may be. In addition, any belonging that cannot play any of these financial roles is not an investment, irrespective of how expensive or costly it may be.

There is another feature of an investment that is very closely related to the second feature described above which you should be very mindful of. This will also help you realise if a valuable is an investment or not. An investment that does not generate money in the strict sense, or help in generating income, saves money. Such an investment saves the owner from some expenses he would have been making in its absence, though it may lack the capacity to attract some money to the pocket of the investor. By so doing, the investment generates money for the owner, though not in the strict sense. In other words, the investment still performs a wealth-creating function for the owner/investor.

As a rule, every valuable, in addition to being something that is very useful and important, must have the capacity to generate income for the owner, or save money for him, before it can qualify to be called an investment. It is very important to emphasize the second feature of an investment (i.e. an investment as being income-generating). The reason for this claim is that most people consider only the first feature in their judgments on what constitutes an investment. They understand an investment simply as a valuable, even if the valuable is income-devouring. Such a misconception usually has serious long-term financial consequences. Such people often make costly financial mistakes that cost them fortunes in life.

Perhaps, one of the causes of this misconception is that it is acceptable in the academic world. In financial studies in conventional educational institutions and academic publications, investments – otherwise called assets – refer to valuables or properties. This is why business organisations regard all their valuables and properties as their assets, even if they do not generate any income for them. This notion of investment is unacceptable among financially literate people because it is not only incorrect, but also misleading and deceptive. This is why some organisations ignorantly consider their liabilities as their assets. This is also why some people also consider their liabilities as their assets/investments.

It is a pity that many people, especially financially ignorant people, consider valuables that consume their incomes, but do not generate any income for them, as investments. Such people record their income-consuming valuables on the list of their investments. People who do so are financial illiterates. This is why they have no future in their finances. What financially literate people describe as income-consuming valuables are considered as investments by financial illiterates. This shows a difference in perception, reasoning and mindset between financially literate people and financially illiterate and ignorant people. This is why financially literate people have future in their finances while financial illiterates do not.

From the definition above, the first thing you should consider in investing is, “How valuable is what you want to acquire with your money as an investment?” The higher the value, all things being equal, the better the investment (though the higher the cost of the acquisition will likely be). The second factor is, “How much can it generate for you?” If it is a valuable but non income-generating, then it is not (and cannot be) an investment, needless to say that it cannot be income-generating if it is not a valuable. Hence, if you cannot answer both questions in the affirmative, then what you are doing cannot be investing and what you are acquiring cannot be an investment. At best, you may be acquiring a liability.

Free Investment Accounts – Various Types Of Great, Free Investment Accounts!

Investing has traditionally been one of the most effective as well as popular ways to earn money and to make your money grow, whether you’re starting with a little or a lot. Now, with the amazingly fast grow of the interest and the huge customer base that it provides, many investment accounts as well as traditional places to invest such as banks and IRA investment accounts have turn to the online world for their investment accounts.Here are just some of the many great places and ways to invest!IRA Investment AccountsIRA investment accounts have long been a great way to invest. They generally offer steady returns and are generally free to start. IRA investment accounts are usually tax havens, meaning that you don’t have to pay taxes on the money that you put into an IRA investment account.Forex TradingForex trading, which for a long time was a great way to make money, has really seen a spike in popularity online in last couple of years. Trading currencies can be very profitable, but also very risky. It’s important to gain a lot of experience and knowledge or have a great trading system, before starting to trade in the Forex Marketplace with a lot of money.With an average daily turnover of around $1.3 Trillion, there is definitely a lot of money to be made in Forex trading, and seasoned investors know this. With the best tools as well as charts and graphs, Forex trading can be a very profitable investment!Peer To Peer LendersOne of the up and coming, yet very effective, ways to invest is through peer to peer lenders. Peer to peer lending networks are networks which offer loans to people that are funded by other people, or investors. People can really make a lot of money investing in others through peer to peer lending networks even if they’re just starting off with as little.Some people start out with just a little bit and make a lot of money when investing in peer to peer lending networks! Many people who start out with a little bit end up investing more and earning a great income in the long term as well as in the short term!The key to maximizing your profits when investing is diversifying your accounts and splitting between steady, longer term investments and investments that may be more risky but can make you a lot more money!