Thursday, 14 August 2008

Top 10 Advices How to Become a Millionaire

Here's a simple list of the top 10 advices how to become a millionaire

1. Keep your eyes peeled for better ways to do your job.
2. Don't be afraid to negotiate.
3. Get your ducks in a row and your numbers on paper.
4. Plot your strategy when it's time to move on
5. Flex your tax-saving muscle
6. Review your tax withholding
7. Don't delay
8. Invest automatically
9. Watch for fund fees
10.Keep it simple.

Tuesday, 12 August 2008

Million Dollar Ideas: Lesson 6 - Capitalize on your success

Capitalize on your success.

Did you know that the final 1000 pixels were sold off through an ebay auction for $38,100? That is a 3810% markup from the original stated price! That pushed the profits well beyond a million dollars. Alex knew when to capitalize. Also, have you heard of his new venture? The million dollar pixel lotto? Well, with so many copy cats out there, you would think it’s impossible to repeat this feat right? Well, not if you are Alex. If you are Alex, you think how you can capitalize on the buzz you have generated, on the hype you already have. How to strike while the iron is hot? So you double the price per pixel and offer a million dollar prize to those who click on the ads. Now you have people who want to click on the ads for the million dollar jackpot, and the advertisers are thrilled that there is more than just the hype that motivates people to click their ads. In the roughly 1.5 months that the pixel lotto was up, Alex has already sold $300K worth of ads! It’s incredible!

Sunday, 10 August 2008

Million Dollar Ideas: Lesson 5 - Market it

Market it.

That brings us to the next lesson, market it. See how to spin it so that you can get others as charged up about it as you are. The great thing about this idea is it was one of a kind when it was started (Now there must be a gazillion copycats!). So by hyping it Alex could generate the buzz traffic to his site. He then used the buzz traffic to get some people to buy the ads. This generated more buzz, since the idea that could possibly not work was working! So, more people flocked to his site to check it out. This made more people want to advertise there, hoping to direct a piece of that traffic to their site. And the rest is history. Alex also used other tricks. He appealed to the customer’s emotions while marketing by using statements like "own a piece of internet history" and to the customer’s sense of value-for-money with statements like "The site will be online for 5 years guaranteed, however the aim is to keep the site online forever (or as long as humanly possible)". If you have an outside-the-box idea, then to make it successful you need to have outside-the-box marketing too!