E-Commerce – On my way to entrepreneurship
October 21, 2008
E-Commerce
If you every read “Zero to One Million” by Ryan P. Allis you would know that 81% of the millionaires are entrepreneurs. He started of with very little and made a million which is really all it takes. An article on www.entrepreneur.com talks about how you don’t need a lot of money to make a lot but you do need some. E-commerce is a business online which has been evolving a lot. A lot of people have made millions from ebay stores and now ebay has about a billion dollar of sales every six days. If you don’t want to own a physical store or if you can’t E-commerce could be the way for you.
Ecrater
Ecrater is a new revolution coming through where you can host free online stores. Setting up a store can be done in no time. I started my e-store on ecrater and have a couple item up for sale. It will progress as you go through. Its called Az Deals. You can visit it at http://azdeals.ecrater.com/ . It is going to have a major focus on electronics but there will be items from other categories such as posters and novelty items. Check it out!
Az Deals is my start towards my journey to become an entrepreneur. You can start yours today! All it takes couple items you want to get rid of and a post it up. Ebay has raised its prices high and a lot of powersellers from ebay are migrating to ecrater. This can be your chance. On my store (http://azdeals.ecrater.com/) you can buy items cheaper than the market rate. It will have used an new products. You can also subscribe to an rss feed for item updates.
Let me know what you think of Az Deals and be sure to check it out! There might just be something you were looking for.
How To Get Rich!
October 7, 2008
You will find a lot of spam about this topic online, but unfortunately there are only two ways you can get rich.
1. You get all the money from your ancestors or you win a lottery which is less likely to happen
2. Investement… This is how the rich get rich!
Invest In What?
There is only one way you can get rich and that is to invest. There are a lot of different type of Investements you can do. Stocks, bonds, mutual funds etc… My two favorites are FOREX and REAL ESTATE
The reason I say these two because with forex you have very high returns. You can have about an average of 10% monthly. On good months you can even make 25%.
Real Estate is a must for anyone who wants to get rich. You can’t expect to be rich and not own any land. Obviously you aren’t going to start out with sky scrapers, but you have to start. Start somewhere.
Forex
Knowing how your economy if fluctuating is a must in today’s world. Now if you are going to be following your economy anyways why not make some money off it. Trading forex is simpler than you think and you can make it more complicated than it is if you go the wrong way. You can get a head start about forex at www.babypips.com. This is a very good site to get you started on general knowledge about how forex works. Remember not to get too involved with all they systems out there because nothing works as good as Price Action. Price action is just how the prices move and trading based on this will give you better results than anything else. You need patience and the motivation to trade forex. If you have the motivation to be rich, the patience, and most importantly the right mindset of rich then there is nothing in your way that stops you from becoming rich.
Some links to start out
Real Esate
Just like the founder of Mc Donald said that his proffession is selling burgers but his business is real estate. You eventually will have to own land to become rich. Just owning your own house is not it at all. You house that you live in is a liability. You need to own land that is your assest. I will get into this more in my future posts
P.S. Remember you get rich by building up you assests and not by owning a balling house or a Ferrari. You can ofcourse buy a Ferrari and mansion, but that comes after you have built up financially stable. In other words buying those without being in dept. Also remember you mindset is the most important thing about getting rich because this is what will lead you to your sucess.
For now you best Investement would be some books to increase your Financial IQ.
Some Recommended Books
Rich Dad Poor Dad – Robert Kiyosaki
Investing 101 – Kristof
Zero to a Million – Ryan P. Allis
Real Estate Riches – Dolf De Roots
and ofcourse any book by Warren Buffet is a right one.
– These are just some books to get you started out and you will see more in my future posts.
Have a great day and remember a good way to do things are atleast do one thing towards your success each day!
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