Sunday, November 25, 2007
One of my most favorite subjects in the world is making money passively. Because you just do something one time and it pays on a consistent basis. The epitome of passive income I would say would be income stocks which pays dividends. Income stocks works a little different than your every day growth( which is well known form stocks which appreciate at a constant basis adding more to your net worth) and Then you have income stocks which pay annually,quarterly,or monthly depending on he corporate contract.Growth stocks ,after turning a profit usually reinvest the profit in itself usually buying equipment or things that qualify as assets.While dividend stocks divide profits among shareholders which allow the individual to get a certain amount per share the restricted contract paying period. Income stocks usually appreciate at a slower income but I would say it creates a consistent source of income.Some people well invested in these stocks sometimes take home 6 figure checks because they invested in dividend stocks so long.The strategy I propose today is try to incorporate a few dividend socks in you in your portfolio so you could avoid counting on he stocks o appreciate and make money whatever happens.
Direct response marketing probably has been out as long as the postal service has been out.
Years before the internet which are times before 1995. Direct response was probably the most cost effective way of marketing other than telemarketing. Most people these days think Direct Response Marketing is absolutely ineffective now.So I am here to tell you direct response marketing is just as effective as used to be. Just the methodology of doing it has change just like a virus who gets used to a certain antibiotic.So you asking me what I need to do to get it working for e now. I would use some guerrilla marketing tactics of making such as ;
1. Avoid brochures or ANYTHING that looks expensive because when people see a brochure they associate it with selling which is not good idea.
2.Use a basic letter which probably looks like a bill ,and make sure you use tri-folding to insert the letter in the envelop.
3.Just like avoiding brochures make sure your envelope is plain or colorless Just appearing like a bill would with the clear plastic in the front
4.Make sure you have effective sell copy which should have been tested through paper classifieds or internet classified. To see response rate or conversion rate.
These four steps can allow you to pass the threshold of succeeding or failure