10 ways to get RICH by Warren Buffet

I was catching up with my readings last night and i stumble on this article. Its not the first time i read about warren buffet and his secrets to success, to be exact i already read a few but what i like about these articles is its simplicity, direct and common sense at some point, So i'm sharing the article with you

~Enjoy


With an estimated fortune of $62 billion, Warren Buffett is the richest man in the entire world. In 1962, when he began buying stock in Berkshire Hathaway, a share cost $7.50. Today, Warren Buffett, 78, is Berkshire's chairman and CEO, and one share of the company's class A stock worth close to $119,000. He credits his astonishing success to several key strategies, which he has shared with writer Alice Schroeder. She spend hundreds of hours interviewing the Sage of Omaha for the new authorized biography The Snowball. Here are some of Warren Buffett's money-making secrets -- and how they could work for you.

1. Reinvest Your Profits: When you first make money in the stock market, you may be tempted to spend it. Don't. Instead, reinvest the profits. Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he'd amassed $174,000 -- or $1.4 million in today's money. Even a small sum can turn into great wealth.

2. Be Willing To Be Different: Don't base your decisions upon what everyone is saying or doing. When Warren Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to tell his parents where he was putting their money. People predicted that he'd fail, but when he closed his partnership 14 years later, it was worth more than $100 million. Instead of following the crowd, he looked for undervalued investments and ended up vastly beating the market average every single year. To Warren Buffett, the average is just that -- what everybody else is doing. to be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world's.

3. Never Suck Your Thumb: Gather in advance any information you need to make a decision, and ask a friend or relative to make sure that you stick to a deadline. Warren Buffett prides himself on swiftly making up his mind and acting on it. He calls any unnecessary sitting and thinking "thumb sucking." When people offer him a business or an investment, he says, "I won't talk unless they bring me a price." He gives them an answer on the spot.

4. Spell Out The Deal Before You Start: Your bargaining leverage is always greatest before you begin a job -- that's when you have something to offer that the other party wants. Warren Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shoveling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split. Warren Buffett was horrified that he performed such backbreaking work only to earn pennies an hour. Always nail down the specifics of a deal in advance -- even with your friends and relatives.

5. Watch Small Expenses: Warren Buffett invests in businesses run by managers who obsess over the tiniest costs. He one acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only on the side of his office building that faced the road. Exercising vigilance over every expense can make your profits -- and your paycheck -- go much further.

6. Limit What You Borrow: Living on credit cards and loans won't make you rich. Warren Buffett has never borrowed a significant amount -- not to invest, not for a mortgage. He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest.

7. Be Persistent: With tenacity and ingenuity, you can win against a more established competitor. Warren Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator. To Warren Buffett, Rose embodied the unwavering courage that makes a winner out of an underdog.

8. Know When To Quit: Once, when Warren Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. He felt sick -- he had squandered nearly a week's earnings. Warren Buffett never repeated that mistake. Know when to walk away from a loss, and don't let anxiety fool you into trying again.

9. Assess The Risk: In 1995, the employer of Warren Buffett's son, Howie, was accused by the FBI of price-fixing. Warren Buffett advised Howie to imagine the worst-and-bast-case scenarios if he stayed with the company. His son quickly realized that the risks of staying far outweighed any potential gains, and he quit the next day. Asking yourself "and then what?" can help you see all of the possible consequences when you're struggling to make a decision -- and can guide you to the smartest choice.

10. Know What Success Really Means: Despite his wealth, Warren Buffett does not measure success by dollars. In 2006, he pledged to give away almost his entire fortune to charities, primarily the Bill and Melinda Gates Foundation. He's adamant about not funding monuments to himself -- no Warren Buffett buildings or halls. "I know people who have a lot of money," he says, "and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you'll measure your success in life by how many of the people you want to have love you actually do love you. That's the ultimate test of how you've lived your life."

Cheers!

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Why We Must Experience Failure In Order To Be Successful

What makes one person extremely successful, while another will fail and give up vowing never to try again? Is it due to the fact that the successful one was more intelligent, more experienced, or possesses some sort of god given ability?

Probably not.

In the eyes of society, history tells us that successful individuals triumphed in what they did simply because they failed and never surrendered their passion. They would take failure as being part of the equation if they wanted to achieve success beyond their wildest dreams.

Over the past decade, interviews and research have been conducted to determine whether there was a commonality between some of the greatest people in history. Specifically, it was the pursuit of the so-called “magic formula” that led to this research.

Ultimately, it was concluded that every single person’s success, had to endure some sort of failure in the past. Whether it was emotionally, physically or mentally, they had to overcome at least an obstacle before they could experience success.

Now, the great news is that, success almost always occurs even if you failed 1000 or 100,000 times in your life, as long as you never surrender, the reason being that success is not an absolute destination but is rather a journey.

The biggest problem with failure is that it is a subject that most people hate to talk about. It’s through dealing with failure that we can ultimately gain success. So why isn’t everybody dealing and learning from their failures?

What we are talking about here is the FEAR of FAILURE.

Its humanity’s greatest nemesis and the killer of dreams that bring you success. It is in our innate nature since the dawn of man to feel fear. Fear of actions that could complicate situations which may be life threatening or in this case, fear of being ridiculed for pursuing our dreams and passion. Fear of failure is our natural instinct that separates us from what we want to achieve in life. It scares every dream and passion that you may have.

What you must actually instill in your mindset is that failure is our greatest mentor and that it teaches you what nobody else can. To achieve success, you must first avoid the fear of a possibility of failing to cloud your judgement and to strangle your decision.

As you fail, you puncture a hole deep within your ego, and only then will you begin to learn the important things you couldn’t see before. If you can learn to take failure and never accept defeat, you would inadvertently take up the challenge to fight back even stronger, because of this simple shift in mindset, failure can remedy wonders for people to begin again, this time intelligently.

If you are not convinced. Lessons of failure can be seen in almost every success story in the world. Just like this guy, Charles Forman who is the founder ofOMGPOP who created the hit sensation; “Draw Something“.

Charles Forman had just $1,700 in his bank account the day before he launched “Draw Something“, since then it has been downloaded over 35 million times and was later sold to Zynga for $180 million. So you would ask how he created a one hit wonder in such a short period of time? No, he actually started his game development company 6 years ago and created dozens of games prior to “Draw something“. It was because he never gave up to dozens of failure, that he continued to create better games that led to this magnificent one.

Another inspiring story of a teenage entrepreneur who finally succeeded after failing over 30 times in his previous web ventures was Adam Horwitz. At the age of just 15, he had the dream of making a million dollars with an entrepreneurial idea that would revolutionize the mobile marketing industry.

After 3 years of unsuccessful self-funded ventures,Adam Horwitz finally launched his first successful product, YepText that led to a series of impactful creations that finally propelled him to the million dollar mark at the age of 18. Eventually he was featured on CNN for being the top 8 kid entrepreneurs to watch for 2012 and beyond. All this manifested only after he took those early failures as a legitimate step towards the right direction.

Simply by acknowledging that failure is part of the process in your search for success can be a great stepping stone. When you can stare adversity in the face, you will no doubt have the strength inside of you to achieve anything you set out to achieve.


Cheers!

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Top tips for the budding online marketer

    Top tips for the budding online marketer

Have you asked yourself this questions repeatedly, How can i use the internet to market my products? What do i need to know and do to be a successful online marketer or "Technopreneur"? How and Where do is start? 

The web offers savvy marketers the opportunity and free tools to help grow their business. Whether big or small, firms can easily leverage these free tools to successfully run and reap the benefits of an online marketing campaign. You will be amazed how some 1st timers are even using Facebook to buy and sell "knick knacks" and earn hundreds if not thousands at the comfort of their own home.

Here are five key questions and tips to help you plan  and execute your online marketing campaign like a pro. 

Five Key Questions to Ask Yourself
1. What is the goal of your campaign? Sounds basic enough, but specifying what you want your campaign to achieve can really help you narrow down the details your plan. While you may have a number of marketing goals, focus on the most important one to start. For example, a small shoe store may identify “selling 100 pairs of shoes in one month” as their primary goal, or an online gadget store may aim to “gain 1,000 unique visitors a week.”

2. What are you trying to market? Pick out the product or service you want to market. This may be your best-seller or one of your lesser known products or services. Picking too many products or services can lead to an incoherent and ultimately, ineffective, campaign.

3. Who is your audience? It is important to identify who your audience is, as this criteria will help refine what actions to take to implement your marketing strategy. Is your product or service best suited for women aged 20-30 years old? Or are you looking to attract new customers from a specific demographic?

Once you know who your intended audience is, you’ll be able to understand their online behavior and shape your marketing plan accordingly. For example, if your intended audience uses search engines to look for information on products and services, then a search marketing campaign may be just what you need to engage with them.

4. How is your audience accessing your site? It’s important to know whether your audience is looking for you via desktop devices or using mobile search. Google’s data shows that around 66 percent of shopping-related searches are coming from mobile. And Filipinos are increasingly turning to their smartphones for answers as well. Research shows that around  64 percent of Filipino households already own at least one smartphone and more -- over 35 percent -- Filipinos intend to purchase smartphones this year.

So even if you have a great desktop website, you may still be missing out on potential customers by neglecting to create a mobile-optimised site.

5. What’s your budget? Your marketing plan will affect and be affected by your budget. Find a balance between what your needs are -- perhaps you don’t really need that banner ad and instead a smaller text ad may do the trick -- and what you can afford to optimise your investment. 

Most importantly, most sites right now offer free advertisements and what really cost are the extra options, tools or added features to your campaign so manage and select what is more important. For example, www.Ebay.ph, offers free adverts and what really cost are extra's like themes, extra pictures and exposure. So check each option, dont just ignore or pick them all.

Cheers!

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5 Myths About Being An Entrepreneur

5 Myths About 

Being An

Entrepreneur

If you’re looking for a feel good post about why you should quit your secure 9 to 5 job and become an entrepreneur, this is not the post for you. Being an entrepreneur is great and I wouldn’t trade it for a desk job, but there are some things aspiring (or existing) entrepreneurs should know.

#1 You’re going to be insanely successful. You are not the next Mark Zuckerberg. Sorry, you’re not and I’m not. If you have the idea that you’re going to sit down and create the next Facebook and be worth billions of dollars in seven to 10 years, it’s not going to happen. Am I saying it’s not good to dream big? No. I’m saying there is only one Facebook and only one Mark Zuckerberg in this world.

#2 Entrepreneurs have a very flexible work schedule. They can work three to four hours a day and have plenty of time to goof off. I know I’m not alone when I say that entrepreneurs don’t have the luxury of ending our workday abruptly at 5pm. When you own your own company or work for someone who does, you have to put in the extra hours and the extra effort to make things happen. If you aren’t ready to work some pretty long days, you probably aren’t cut out for being an entrepreneur.

#3 Entrepreneurs can take off when they want — after all, you’re the boss, right? Remember all those times you used to be able to party on random nights of the week or just take off for a weekend with your friends? Not if you want to keep your business afloat the first year (or two, three, four, etc). Now I’m not saying you won’t ever get time off, but most entrepreneurs live, eat and breathe their businesses and a lot of times partying gets pushed to the wayside. What’s more important: Doing keg stands with college buddies or generating income so you can pay bills the next couple months?

#4 Working from home means you’ll have more time for your relationship, your pets, taking care of your home, etc. Wrong. Because you work from home, it’s like you live in this constant state of never finishing anything. You start cleaning the dishes and then think of a great idea or feature for your company. Instead of taking your significant other out to a nice meal, you ask to get drive thru so you can get back to work quicker. I can’t tell you how many times I’ve looked over at my dog and it looks like he’s crossing his legs because he needs to go outside (and I love my dog to death!).

#5 Everyone wants to have your job. I’m guessing it’s because people genuinely don’t love their jobs, but they think you have this perfect setup where you get to work and play all day long. I always hear things like “At least you don’t have to deal with a commute” or “I have so many worthless meetings and calls, you’re lucky”. Do you want to trade the last three days I worked 18 hours and had to go above and beyond to appease clients? No, no you don’t.

For all the starving entrepreneurs out there, keep fighting the good fight. We’re all doing things we love and enjoy, and that’s what matters. I may not be building the next Facebook, but I am excited about controlling my own destiny and knowing the harder I work, the more results I see.

Cheers!

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10 Worst People In MLM

           10 Worst People In MLM

I read this article from one of my Facebook Groups recently and i cant help but share it to others in hopes to enlighten some people if not shake and wake them up to the importance of work ethics and proper attitude towards MLM.

First of all, these names names used here are fictional in nature and are not tied to any specific person. So…if I use a name here and it happens to be your first name and the badness applies to you, then it’s simply coincidental in nature.

Also, this people do not reflect any specific company, rather it reflects specific work ethics and/or attitudes of individuals that are detrimental to any industry. 

As a disclaimer that i read in the original article: This post is sure to piss someone off. If it does, then a good idea would be to look in the mirror and ask yourself, “Why does this make me so mad?” 


You ready? This is gonna be fun. 


#10 Wayne the Whiner: This poor fella is so focused on what’s wrong that he spends more time with tissues than in training. He’s so busy wiping his nose that he just missed out on the person in front of him that said they wanted to join. He’s one of those guys that eventually become a “red button” person on your cell phone. If you don’t get that, look at your cell phone and imagine him calling you. You can push one of two buttons, red or green. 

#9 Erin the Exaggerator: Erin makes some money, but far less than she tells everyone. She walks around bragging about how big her volume is and how large her check, only to get caught one day when she forgot to log out of her genealogy report and a friend got a chance to see what she was REALLY making. That friend took a screen shot of her report and posted it up on Facebook for everyone to see. The sad thing is that she actually had a pretty decent check, one that a lot of people would be thrilled to have, so there was no need to exaggerate. Ooops! There went the reputation…and it didn’t even have to go that way. 

#8 Dick: This particular person doesn’t need to be called by any other name. He needs no first or last name, it speaks for itself. He is one of those guys that treats his downline like trash, failing to realize that this is actually a volunteer sport that people do because they want to, not because they are forced to. Dick goes on every day pointing his finger at people telling them what to do, while all the while he does nothing. Dick isn’t very nice. And…Dick’s team is dwindling. Dick is experiencing team shrinkage. If Dick would simply smile more and be more kind, he’d realize that people would stay. 

#7 Crossline Chrissy: Poor girl thinks she is God’s greatest gift to network marketing and that her company is the only game in town. She goes around writing letters to people in different companies offering them a “spot” and a unique opportunity to take part in the greatest thing that has ever lived, putting all others down. She spends most of her time recruiting people from other companies rather than actually growing our profession, showing her true weakness. Instead of “lifting up” our space, she degrades it. The thing is, her company is actually pretty decent and she’d likely make a more positive and lasting impact on the world if she just focused on talking to people that NEED or WANT an opportunity, rather than stealing from someone else. 

#6: Johnny the Jumper: Johnny is well-liked by most…at least for a while. He has a really great personality, but no patience. He’s actually pretty decent at recruiting, mostly because he’s fairly charming. Unfortunately, his fatal flaw is the inability to stick to something for more than a couple of months. After about 15 deals, Johnny’s friends no longer follow him. The last time I saw Johnny, he was making sandwiches in a Deli down in Orlando. 

#5: The King of Whales: This dude talks all the time about “how all the whales are coming in”. He’s one of those guys that you NEVER ever hear from until he’s onto the next deal. Then…when he calls you, it’s like you are his greatest pal ever. You’re the BEST of friends, even though the last time you talked was nine months ago when he was pitching you something else. You’ve heard this so many times before that you can literally lip it…wait, here it comes, “Todd…all the whales are coming in.” I chuckle every time he calls. 

#4: Blaming Billy: This guy is always talking about how his sponsor wasn’t good enough, or how the system sucked. All the while, every company he has ever been in, people are making money. It’s always somebody else’s fault and never his. Poor Billy goes through life pointing fingers and assessing blame. The best thing for him to do what be to go to the carnival and enter the House of Mirrors ride. There…yes, there is where he will find his answer. 

#3: I’m going to make you…Rich: I’ve met Rich a whole bunch of times. Rich talks a lot…until he’s gone. Rich comes in and never listens because he knows it all, even though he’s never made a dime in this profession. He talks about all the volume he is going to create and how you’ll never have to work again a day in your life now that you have him in your downline. Rich was done the moment he opened his mouth. He’s cursed. I’ve met many Rich’s in my day and NONE have ever done anything. 

#2: Paralyzed Paula: Poor girl is scared of her own shadow. Wants to make money for sure, but can’t seem to get out of her own way for even a second. Paula keeps looking for all the answers even though she’s already been given access to all of them. Paula keeps calling you asking for help, even though you’ve given it to her time and time again, and even offered to make calls with her. She starts calling around to others on the team asking for help, insinuating that you’re not willing to assist. Interesting girl. Have you met her?

#1 Reinventing Rhonda: She saved up her money for almost two years to join YOUR team. She’s so excited to “finally” be working with you and to follow your lead. Bummer though. She won’t listen to jack. She knows you’re a leader in the business and that you have a long and proven track record of success, but she’s going to do it “her” way, all the while “saying” she is teachable. Then…she gets mad at you two months into the deal because you have stopped returning her calls. She hasn’t done ONE thing you suggested. She didn’t go to the training site, hasn’t attended an event, isn’t going to conference, and hasn’t event talked to one person in her warm market. Now…in her mind, it’s your fault. Crazy how things work, huh?

So…those are 10. There are more, but since I talked about 10 in this post, I will keep it there. Do you know any of these people?? Ever had the pleasure of working with them? 




"Thanks to Eric Worre, for sharing this article"


Cheers!

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8 Important MLM Tips for Success

MLM Tip #1

I am amazed at how many people start a MLM business and instead of following in the path of those who came before them and succeeded, they try it their way.

Tip: Copy the SYSTEMS, do not RE INVENT THE WHEEL

MLM Tip #2
Do not treat your MLM as a side hobby. If you treat it like a business and stick with it long term, you will likely find success.

Tip: If your doing it part time, make sure to allot time for it every day of every week. The last thing we want is for procrastination to set in. Focus!

MLM Tip #3
This tip is a spinoff of #2. Schedule your MLM marketing time. It is one thing to decide I will put in 10 hours a week, that is easy to say, but it is another thing to do so and stick with it over the long haul.

Tip: schedule your MLM time!

MLM Tip #4
Set goals, and I strongly disagree with the rational of setting “realistic goals”.

It is like having a “rainy day” bank account. If you save for a rainy day, that is exactly what you will get, rainy days. I invest my money. If I really fall into trouble, I sell.

So back to goal setting, I believe in the “law of attraction”. If you set your goals high and focus on it, the universe will somehow make it possible.

Let’s assume you set a goal to go to Mars, would you consider a failure to actually land on the moon?

I think you get the point.

Tip: Think BIG and Kick Ass! Impossible is nothing!

MLM Tip #5
Selling product is fine and I have customers too, but the real money in MLM comes from sponsoring distributors and helping them build.

Balance your sponsoring and marketing activities to find new distributors. You'll be amazed that products are a good attraction for most people.

Tip: Keep it balance. Retailing and Networking makes a great income, combined!

MLM Tip #6

Give a lot of support to your team. The more support your team gets, the more likely they will succeed and also the longer they will stay with you.

Many people think you need to sponsor an army but that is not the case. You need 3-5 key players that you sponsor and if you help them build, amazing things can happen.

My sponsor in my company is currently the second to highest rank, and he has only recruited 36 people into the company and most of them have dropped off. He has 4 key legs that is it!

Tip: MLM is a people business, Its all about the people, growing, helping and leading them.

MLM Tip #7

This next MLM tip is huge!

Do NOT do too many marketing strategies, that is what I did in the beginning and I struggled for a long time because of it. I did not find success until I focus on 2 strategies.

So find something that works for you and do a lot of it!

Tip: Copy the SYSTEMS, do not RE INVENT THE WHEEL

MLM Tip #8
Learn how to talk with people. MLM recruiting is a special skill that can be learned by anyone!

Tip: Practice, just think "im here to make friends" no pressure at all


Cheers!

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Powerful Tips for Marketing on Facebook!

Powerful Tips for Marketing on Facebook! 

The simplest strategy to MAXIMIZE Facebook, tweeter or even youtube is to join groups that are related to your niche.  Once you join the group, become an active participant.  Do not be too pushy with your business!

In addition, be sure to open a Fan Page in your business persona.  It is important that you regularly offer information of value on that page.  Interact with discussions on that page.

So basically, the easiest strategy is to join groups, have your own business page and engage people in conversation.  When the time is right, present your business.

You need to be careful with FaceBook, Tweeter and YouTube as well.  They think they are gods and change the rules all the time.  So keep up to date.

What are the elements of good discussions and fan pages for marketing on FaceBook.

1. First of all this is “social media”, so be social.  Talk to people as people not as customers or potential customers
2. Post content of value for FREE!  The more value you add the more people will be interested in you.
3. Ask question, answer questions.
4. Tell people about your life outside of business.
5. Post videos and pictures that are not related to business
6. Have a nice smiley picture of yourself. People love pictures.
7. Have an abundance mentality.  Some people will work with you, some won’t, who cares, NEXT!

You should post all your articles, pictures and  videos on your Fan Page.  Make sure it is value add content!

Good content can go viral on FaceBook like nothing you have ever seen!

If you follow the advice in this article you can do well for free with marketing on FaceBook but make no mistake about it, you need to put in a lot of time.

Cheers!

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