Branding – Creating a Brand Strategy For Your Business

Branding is essential to the success of your business, but how do you go about creating a brand strategy that is going to achieve the objectives that you have set and bring success?

Define Your Brand

The first thing you will need to do when creating your brand strategy is to clearly define your brand. Think about what products or services you offer, the benefits of these, the values of your business, your target market and your unique selling proposal. What do you want your target market to think of your company and how do you want them to relate to your business? After answering these questions you should be able to write a summary that defines what you want your business to look like and be, almost as if it was a real person.

Why Are You Branding?

Once you know what your brand is the next step is to understand why you are branding – what are your branding objectives? Do you want to attract more customers? Win an award? Get a greater market share? Write down exactly what you want to achieve in your branding efforts.

Understand Your Target Market

In order to achieve success in your branding efforts you need to know who you are going to be targeting. How do you achieve your branding objectives with these people? If your objective is to get more customers then how do you improve your sales to your target market? What is your target market looking for?

Do a SWOT Analysis of Your Company

Certain factors may be influencing your ability to reach your branding objectives – the competition you face in the marketplace, the demand for your product, financing, the location of your business, etc. Do a careful analysis both of your business and of the environment in which you operate to see how these affect your brand strategy.

How Do You Package Your Brand Strategy?

Your brand is reflected in all aspects of your business – your website, emails, answering service, brochures, business cards, letterheads and marketing materials. It is important to ensure that you always put across a strong brand and that each piece of packaging adds to the brand strategy you want to create. Think about how each message is put across and what it says about your company.

Creating a brand strategy is important for achieving success in your business and you should always aim for a strong, unified message that relates to your target market and achieves the branding objectives that you have set.

5 Essential Steps For Launching A Life Coaching Business

What is life coaching?

It’s motivating people to change something in their lives so they can experience greater joy and less pain. It can be in any area of a person’s life, and different areas of life overlap and influence each other. A relationship problem can affect finances, and vice versa. A health problem can affect a career issue, and vice versa.

So, probably he first thing to consider once you’ve decided to become a coach is:

“Do you want to be a general life coach, or do you want to specialize in one area?”

The main areas of a person’s life are:

· Health

· Relationships

· Personal Development

· Career

· Finances

· Spiritual Development

If you have experience in one area of life where you solved a problem that many others have, then you might want to specialize in that area. For example, if you taught yourself some ways to get through a divorce amiably, you could coach others on how to do that. Or, if you developed a technique for recovering faster from cancer treatments, you may want to share that with others.

Or you may have training in a specific area. For example, you took a training in how to help someone change their diet by using specific techniques you are now certified to teach. Then you may want to use a specific title for your coaching, such as “Massey Method Coach.”

But if you want to coach a person in all areas of their life, then you may want to call yourself a “General Life Coach,” a “Personal Growth,” or a “Personal Development” coach.

No matter what you choose, your job as a life coach is to motivate people to take action to change their lives for the better. You do that with methods, processes, accountability and inspiration to do the work. The problem is that most people want change, but they don’t want to do the work. So they hire a life coach to help them stay motivated while they do the hard work.

In fact, about 90% of people pay for life coaching just to hold them accountable. But they also want you to be an expert in the area they are working on. So it’s important for you to get proper training.

Notice I didn’t say get “certified.” There are many certification programs for life coaching. But there are also courses that aren’t for certification but may be helpful. So just be aware of that.

What’s important is that you get the necessary training, so you know how to deliver life coaching to clients. And, if it’s a certification program, that will just add to your credibility. Or you may be someone who has had a lot of experience in coaching already, and that in itself may be enough credentials.

Most people won’t ask for your credentials, but if you have them, it’s good to display them on your website and in your email signature.

Launching Your Coaching Business

Starting any kind of business can be fulfilling, but it also can involve hard work, difficulties and challenges. Having an awareness of where the obstacles in the road lie in a life coaching business, gives you an advantage. So I’ll share some basic information you need to know when launching.

There are several components that need to be in place in order to start and run a life coaching business:

1. An entrepreneur mindset

2. A coaching process/program to offer

3. Basic bookkeeping skills

4. Business systems

5. Tools for running a business online

Let’s dive a little deeper into each one of these.

1-Mindset is half the battle.

When starting any kind of business, you need to have an entrepreneurial mindset. That means making decisions based on statistics and not on emotions. It definitely means doing income-producing activities such as, market research to determine the needs of your audience, rather than only doing easier and more fun activities.

Most of the entrepreneurs I’ve met who are not having the kind of success that they desire, have a problem with their mindset. I can sense it when I hear them talk about their business. Unfortunately, they aren’t aware of their mindset, so they don’t know that it’s the problem. Before their finances improve and their business thrives, their attitude toward business needs to improve.

Mindset is something quite intangible. You can’t just say, “Oh, you’re spending too much money; that’s your problem.” Or “Your conversion rate isn’t high enough to justify your advertising expenses.” Those are tangible problems. Mindset is illusive, and harder to pinpoint.

One way to discover if your mindset is aligned with your business is to try to uncover any hidden beliefs that are holding you back. Beliefs that don’t support your desires are the main culprits that can keep you stuck in an undesirable situation. But beliefs are just thought patterns that are habitual. This is good news because habits can be changed. The best way to change a belief is to substitute a new one that’s more in alignment with your desires.

Just like being in any long-term relationship, as an entrepreneur, all of your issues will come up and need to be dealt with. One common issue is your relationship with money… how much you think you deserve, how much you can ask for, how much you can keep, and how you treat money in your personal life.

Another major issue that comes up is lack of self-confidence. The best way to handle this is to coach 10-20 people. It doesn’t matter if it’s a practice session or a 6-month program. You will learn a lot from your first coaching clients and it will also give you the potential for referrals, more confidence, and possible revenue.

A third issue that can come up is in how you handle stress. Do you stay calm and strong when a client is venting on a stressful experience, or do you get caught up in their drama? Do you leave the office and your business behind you at the end of the day and relax with family/friends, or do you tend to “take your business with you” and think and strategize too much on your off time?

One thing that happens when running a life coaching business is that you find you must adapt and evolve with it. Things happen that force you to either change something in your business or change something in yourself in order to move forward. And it’s helpful to know how to keep a positive attitude.

2-Your Life Coaching Program

Besides developing the right mind-set, you need to develop a program to offer clients. It may be the process you developed when you solved the problem that you now can help others with. It may be a method that you got training on. Or it could be a combination of the two.

Planning out your program in advance is necessary in order to have something concrete to offer in enrollment conversations (discovery calls). And you need to plan out what results your clients can expect to have from your program.

Here are some steps to consider:

· How long your program will last? One-to-one coaching programs range from a few weeks to a year or more, depending on the depth of the information and the outcome clients will achieve.

· What steps does the client need to go through to achieve the desired results?

· What tools will need to be included in your program?

· How will you connect with your clients, and when and where will the contact happen? Will you deliver via phone calls, zoom calls or email support?

The bottom line here is:

What will make your clients feel supported, without causing you to burnout?

Pricing your services

Perhaps the most difficult decision to make when it comes to your private coaching program is pricing your services. That may take market research.

Beginning life coaches might charge as little as $97/month, while top business coaches can easily command $40,000, $50,000 or even $100,000 per year. Where will your program fit? It depends on a variety of factors:

· Niche

· Duration

· Outcome

· Your experience level

Once your coaching program is planned out and priced, you will be ready to market yourself.

3-Bookkeeping

Every business owner needs to know how to determine whether they can stay in business, i.e., if they are making a profit. Life coaches are no exception. That’s where basic bookkeeping skills come in. Keep track of both expenses and income on a spreadsheet, or (I suggest) in a simple software program such as, Quicken . Quicken is inexpensive and is all you need for a small business.

Then you need to keep accurate records and track where your money is going and how much you are actually earning. Income always starts slowly, and you may have more expenses than income at first. But there are so many low-cost or even free tools available that you should be able to keep operating costs to a minimum.

4-Tools for running a business online

The Internet has opened up a “world” of opportunity for life coaches. You can coach anyone anywhere in the world. But that means knowing how to use online tools to market and run your business. Fortunately, there are many helpful tools, resources, and software to make your business life easier. Earlier, I mentioned having a bookkeeping tool.

Here are 5 other essential ones:

a) Website

b) Scheduler

c) Autoresponder

d) Delivery Platform

e) Documents

Website

Some coaches have asked me if they need a website. You don’t necessarily need a website—I have members in my life coaching association who don’t, and they have other ways of getting clients—but it does look more professional to have a website. A simple one is a WordPress site. You’ll need to get a domain name for it and a hosting service. You can start out with a one-page site that just has information about what you do, and your contact info.

There are a number of tools associated with a website. For example, if you want to track how many people come to your site, you can install Google Analytics. There are also a number of WordPress plug-ins that make the operation of your site more efficient. Your webmaster will know what you need.

Scheduler

You’ll also need a way for clients to book appointments with you. Don’t get caught in the “email tag” game! Get a scheduler with a link that you can send to any client or prospect. Basic free tools include Calendy, Setmore, and Squareup.

Autoresponder

If you are running an online business, and are sending traffic to your website through your marketing, not everyone who comes to your site will be ready to hire you. So, you need a way to stay in touch with those people. An easy way is with an autoresponder, such as MailChimp or AWeber. It’s a tool that sends out emails automatically to people who sign up on your website. You write up the emails once, and they go out without any more work on your part. Usually, you’ll need to offer some kind of “freebie” (or “lead magnet”) to get people to sign up for your emails.

Delivery Platform

If you have materials such as PDFs, templates, checklists, or recordings, you’ll need a way to deliver them to your clients. For documents, it can be as simple as using Google Docs. You upload the document and give the link to your clients. But if you want something fancier, you can use a platform such as Teachable, LearnDash, Kajabi, or OptimizePress Member. Using one of these software programs ensures that your materials are only available to people you designate (password-protected).

Coaching Documents

You will also need some coaching documents such as a client agreement, client feedback form, Wheel of Life chart, intake session form, invoice form, client action sheet, and client info form. There may be others that you’ll need depending on your topic.

5-Business systems

You will need to set up several systems so your business runs smoothly.

Here are the ones I recommend:

a) Content Creation system

b) Lead generation system

c) Social media marketing system

d) Sales conversion system

e) Onboarding clients system

f) Client retention system

g) Follow-up system

Content Creation system

The first system you will need to set up is content creation for your business. That means creating valuable content that educates people, tells them what you do, and how to hire you. As you market your business, you will always be creating content. This includes content in your branding, your blogs, your website pages, and your email campaigns, and it all supports lead generation. You will always be creating content to keep your name in front of the people in your audience.

Lead generation system

How will you find prospects to talk to about your services? That’s what we call “lead generation.” Leads are potential clients who are attracted to your content. So you need to have a system for attracting them.

There will be people who are attracted to your content and consume it, but aren’t ready to hire you yet. And if you don’t have a system for staying in touch with them until they are ready, you’re leaving money on the table. That’s where your autoresponder comes in—you can use it to build a list of leads that you can keep in touch with.

It’s helpful to have a gift of some kind to offer potential leads, so they get on your list. Called a “freebie” or “lead magnet”, this is a small piece of content that your audience wants and needs so much that they are willing to give you their email address, knowing that you will be sending them more content.

The lead magnet leads them to an email series that you have on your autoresponder. These emails educate your leads more about the problem they face and how you can help them solve it. Your autoresponder email series leads to an enrollment conversation, a free consultation or “discovery call,” where you enroll them into your coaching program.

This system also may include using ads to re-target people who clicked on your links to encourage them to connect with you.

Social media marketing system

A necessary part of lead generation is marketing on social media. It’s a whole system in itself! You will need to make social media posts, which include content and graphics, to distribute to the platforms you are using. Part of this system involves having a regular time for engaging with people on social media who are potential clients. You will have to do more market research to find out where to find your ideal leads on social media.

This system can also include advertising on various platforms. Each one is different, and, to stay organized, you should focus on one platform at a time, so you can get a steady stream of leads from it before you start working on another one. Also, there are ways to automate your social media marketing.

Sales conversion system

Once you get a lead into a free sales conversation, you need to have a set of steps to take them through to see if they are right for your program or service.

Here is a sample conversation formula:

a) Warm Up Questions – icebreakers

b) Setting Expectations – your agenda for the call

c) Making the Promise – what they will get out of the call

d) Qualifying Questions – their ability to invest

e) Personal Questions – their reason for consulting with you

f) Offer – your solution

g) Close – your call-to-action

h) Technical Questions/Objection handling – help them make a decision

There are many courses available on sales conversation techniques and formulas. Know that salesmanship is an acquired skill that anyone can learn.

Onboarding clients system

Once you have enrolled a new client, there needs to be a procedure or onboarding process that they go through. This can include a welcome letter or welcome package, registration on your delivery platform, getting their personal information, or filling out a questionnaire.

Client retention system

It’s a lot easier to reenroll a current client than to find a new client, so it’s a good idea to have a client retention system. Current clients have already been sold once and they know and trust you. So it doesn’t take as much work to convince them to buy again. Part of this system is how you treat your clients while they are working with you. The other part is keeping in touch with them after their program is over and introducing them to the next step or another program. This can be done through an email series or phone calls.

Follow-up system

One more system a life coach needs is for following up with people. There are 4 follow-up series that you need to create:

a) People opting in for your “lead magnet

b) Prospects you meet on social media platforms

c) Current clients who are in one of your programs

d) Past clients who need the next step

The thing to keep in mind is that people are more likely to buy from you if you follow up with them regularly with courteous, helpful, non-pushy contact via email or phone calls.

In Conclusion

Becoming a life coach can be as exciting as it is formidable! And as a life coach you may run into some unique challenges. But there are ways to deal with it. We discussed what life coaching is and the 5 steps that need to be in place in order to launch a coaching business.

There are other things you can do too. You can hire a coach to help you. You can take extra trainings. And you can become a member of a life coach association, such as the International Association of Professional Life Coaches®. Membership will give you visibility, credibility, and business and marketing training. Visit the website to see if it’s a good fit for you!

Make Money Online With Domain Names

Domain names have become a very favorite means to generate money online, and a number of those names may opt for a significant gain. When the Internet first became popular, a few individuals had the chance to obtain the rights to a domain which is quite desired. A domain name gets public in the event the website owner wants to renew the title with the supplier. Therefore it turns into a public domain. These public domains are offered for lease or purchase.

Some traders will snatch domains when they are available and then pay or rent the domain name into your website for use for redirecting visitors to this website. The buyer makes money, and also, the site which gets the rights to this domain can boost their traffic drastically. This procedure requires you to find the best to utilize the domain and sell it into a competing firm that provides the very same products or solutions.

There’s also a marketplace for domain names using the first owner who allows the domain lapse, the majority of the moment, due to natural forgetfulness. A good deal of instances, those owners have spent substantial time, effort, and money on their website, so they’re more than prepared to pay to maintain it. These owners may generally repurchase the domain from you when given a chance, occasionally at a significant profit.

A third approach to generate money online with domains is to purchase generic domains that include specific business keywords, then offer to offer them within the business to divert visitors to your purchaser’s most crucial website. The generic keywords will differ from business to industry, thus finding out the most effective keywords for the business you’re targeting is a fantastic idea for this technique. Generic domains such as horsecare.com or even accountingnow.com will have fascinated buyers in those businesses, so finding one is merely an issue of advertising your support to discover the buyers.

Earning money online with domains can be quite a profitable source of revenue if it’s performed correctly. Public domains become available frequently, mostly due to neglect to animate them. The three main markets for domains include buyers who would like to utilize the domain name to divert visitors to their website, buyers that have dropped the domain name since they forgot to revive it, and have invested lots to produce the website. Hence they are eager to pay to recover the domain and domains which contain industry-specific keywords.

You might even earn money with domains by collecting up generic domains which contain buzz phrases inside a market and supplying them to the maximum bidder to be diverted to the significant website. For example, if you have control of an URL such as”conferencecallnow.com,” odds are you’d find attention on the portion of a variety of those teleconferencing companies across the globe. It’s relatively simple to earn money selling domain names, which are generic but use to a specific service offering.

To earn money with domains, you need to get an eye to what will pay at a reasonable period, know what the market will bear, and also have loads of responses to this question”how do I make money with a domain name” Any speculator who will do so will know precisely how to earn money from people domains.

What is Remote Hosting?

Remote hosting is something that is growing in popularity due to the fact that there is no hardware to buy and that an in-house IT team is not required. It doesn’t mater if you are a business or an individual, remote hosting can provide great service at a great price. Just keep in mind that there are some options. First of all, you can own it or you can rent it from a dedicated hosting company. What this means is that you can buy the hosting so that it is always yours or you can rent it just to use it for a while.

Different types of remote hosting

There are different types of remote hosting. You have managed hosting, dedicated hosting, virtual hosting, or shared hosting. If you’re not sure what all of this means, here is a breakdown:

– Managed hosting – Managed hosting is when a customer leases a server without sharing it with anyone. In the meantime, the hosting company takes care of the server’s functions. This means ensuring that it stays up and making sure that any technical issues are taken care of.

– Dedicated hosting – Dedicated hosting exists whether it is managed or not. This is when the company leasing the server is the only one leasing that server. They may also choose to buy it and manage it without the help of anyone else. This is the ideal solution for larger businesses. It doesn’t require any special equipment to be purchased or an IT staff to be hired.

– Virtual hosting – This is actually one of the most popular hosting methods at present time. This has a lot to do with the fact that it is very cost-effective. It involves sharing the same computer that hosts various domain names. Sometimes these websites may even have the same IP address. This is something that really benefits the small- to medium-sized business. You can choose for some of your services to be managed if you need them to be.

– Shared hosting – Shared hosting falls into the same category as virtual hosting. Just as it says, there are several websites “sharing” the same space. Each website has its own partition, though, which is what keeps each one separate from one another. Usually, the company is responsible for the functions on their part of the server, which means they’re responsible for their website. Nevertheless, the company providing the hosting may offer managed services to help the business better maintain their website. But it is the provider that is responsible for making sure the server stays up so that all of the websites on that server remain functional.

It is very important to keep these different types of hosting in mind because you never know what may work best for you. You have to review each one to see which the best is for you. If you are a small business, you may choose the shared hosting route. If you are a large business, dedicated hosting might be right up your alley.

Why is it remote?

In remote hosting, it is remote because the hosting computer is remote from you. You don’t have to lay a hand on it because it is managed by someone else.

As for choosing the right one for you, it is important that you review all of your options. Make sure that the hosting company you are looking at provides services for your particular operating system and that they have price plans that meet your budget. Everything is priced based on your needs, so you want to make sure that you pick a company that has a package that fits your needs and doesn’t fall short or exceed them.

Photography – Breaking Into The Business

So you want to be a photographer. Well, you’ve got a long road ahead of you. Photography is one of the most competitive fields in the world. It doesn’t matter where you live or what language you speak. Anyone with a camera can be a photographer, which makes the competition fierce. So if photography is something you have your heart set on doing, then there are a few things you’re going to need to know. This list is by no means exhaustive, but it will give you a start.

The first thing you absolutely must do is decide what field of photography you want to get into. There is fashion photography, sports photography, glamour photography, studio photography, outdoor photography, children’s photography and the list goes on and on. The market for each of these and many other types is wide open. And with those wide open markets also comes a lot of competition. Deciding on which field you want to get into should not be based on the path of least resistance. There is no such thing. Pursue the path that you have the most passion for.

The next thing you have to do is get all the equipment that you’re going to need. This is going to vary depending on what kind of field you want to get into. For example, if you’re planning to become a photographer who specializes in stock car racing, then you are going to need a lot of equipment for taking high speed photos. The good news is that you’re not going to have to spend a lot of money on lighting since these photos will be taken outdoors. Conversely, if you’re planning to photograph fashion models, lighting is going to be critical to your photos and your lighting equipment expense is going to be quite high.

The next thing you’re going to need to do is advertise. You’ll have to print out business cards, take out ads in magazines and newspapers and more or less get the word out that you exist. If you’re hoping to break into the field taking photos for a magazine like Playboy, then you’re going to have to first get some private work photographing models in order to submit these photos to the magazine itself. Before you do that though, you’re going to have to write to the magazine for permission to send photos. Most publications do not accept unsolicited material.

If you’re planning on opening up a studio to take children’s photos then you’re going to need to lease a building. It doesn’t have to be anything large but it should be in a visible part of town with a lot of other businesses. Visibility is half the battle won.

Finally, you’re going to have to take lots of photos, especially if you want to build a reputation for yourself. You’ll want to put together a portfolio of your work so that you can bring it around with you. Again, this is going to depend on what field you want to get into, whether it be freelancing for a magazine, setting up your own shop, or working for somebody else, which is usually a good way to break in.

The world of photography is wide open. There are many options to each aspiring photographer. So pick a game plan and stick to it. With patience and perseverance, you’ll eventually get to where you want to be.

Why Not Start Your Own Photography Business?

If you want to start your own photography business, it is a good idea to check what competitors you have in your area or the competition in your style or subject of photography. Have you ever noticed that people’s photography skills shine when they take photo’s of things they really love and are interested in? A clever way to go about building for yourself a photography business is to start by taking photographs of things you really love, and create your own niche market and perspective in that area, that way you will stand out in the crowd.

All good artists, whatever format they use, project through their art, things that interest them, things that have impacted on them in some way, and they aim to share that same feeling with others viewing their work. It is the differences in art styles, the attention to different details that makes one artist appeal to you more than others. It is these differences that created fame for the artists Monet and Picasso, who painted as they themselves viewed the world, and not as someone else views it.

The most interesting photographs are those that reveal to the onlooker something that they have not seen, felt or heard of before. People are interested in learning how others see the world and that can be achieved through photography. An experienced and talented photographer is able to communicate the feelings that certain landscapes, architecture and events conjure up inside of them through their photos. Many famous photographers have gained popularity from photographs they originally thought wouldn’t be that interesting to other people, and have ended up with a photography business from enjoying their hobby rather than from something they had planned. It is both the unusual and the common, that makes an interesting subject for photography, and it is up to the artist to place a particular perspective, or make a statement on that subject through their work.

Many great artists, who are or have been famous, were not born famous; they achieved their position through hard work, by following their inspiration, through perseverance and expressing their passion. People who want to break into the photography business must believe in themselves and their work, they have to think of themselves as an artist, and although they might not be as well known as other artists it does not mean that their work or their talent is of any less worth, it simply means that they are not well known yet.

There are many helpful websites that give tips on photography, and how to start your own photography business. There are even websites that give you ideas on how to sell your photos on different products to people or businesses around the world. If you want to start your own photography business, it is a good idea to begin by researching online on how other people just like you managed to create their business, what they have learnt from their mistakes, and their tips and advice for beginners. Placing your photography on a website will also give you a much greater advantage in being recognised either as an artist or as a business compared to other options that are available.

Passion is contagious, if you are passionate about certain people, music, animals, or foods in life, capture this with your camera, try and express your feelings through your photos, doing this is bound to stir up an interest in and draw people to your work. Maintaining your passion for photography must be sustained throughout your business endeavours because passion is visible, and your work will reflect your attitude. It is wise to seek the help from business coaches, or by following set business plans when you are starting out in a photography business, as this will enable you to concentrate on maintaining your passion and artistic flair for photography throughout the initial challenges

Forex Trading Profits – A Manual Trading Strategy That Works

It is possible to take up Forex as a full time profession. In fact, it is the only home-based business anyone can set up from home with as little as 1500 USD. You will need USD 500 to set yourself up with a laptop and internet connection and 1000 USD to deposit in your forex personal ECN account. In 20 days you will be making more than USD 200 per day with this strategy, but it takes time and patience.

Good charting software that comes with the popular MT4 trading platform that almost every broker offers free along with a trading account is the only tool one needs. Added to this is the knowledge of trading strategies and risk management and one is all set to set up the perfect home based business without any overheads at all.

It is possible to make as much, or as little (whichever way you look at it), as 200 USD per day trading forex with a 1000 USD account.

I’ll let you in on a little secret forex trading strategy of mine:

Trade a 0.5 percent of your deposit in PIP value. This means that one pip should be equal to 0.5 percent of your deposit. So if your deposit is USD 1000, your exposure per pip should be USD 5.

This will leave you with 160 pips to play around with. The chances of the market moving 100 pips in the wrong direction are scarce if you have an eye on the screen while the trade is open.

A good strategy will give you ample warning that the market is going to move further and you can opt out. I suggest you keep a stop loss of 120 pips, believe me you will never need it if you follow this strategy.

Observe a monthly chart. Mark out the highest point and the lowest point the pair reached over a period of 3 months. Observe the most common price the currency pair kept returning to and draw a line through that point. That is your entry point. Go long with 0.2 lots at that point and go short at the same point with 0.2 lots. Your per-pip value will be USD 2 in each trade.

With 160 pips to play around with you don’t have to worry about the margin call. The market will move in both direction and return to the same entry point at some time or the other. You must set up alerts on the MT4 for 10 pips above and 12 pips below the entry price. When the alert sounds, exit the trade.

If the market moves away in either direction you will still make a profitable trade. It will be a matter of time before the market returns to the entry point.

With a 0.2 lot trade and take profit point at 10 pips, you stand to gain 20 USD per trade. You will get at least 4 opportunities to trade in a day. That will make you USD 80 per day. With a consistent trading strategy you will make 1600 USD in 20 days. Use it to increase your per-pip value.

This is one strategy that has worked for me over the last 2 years. Why, should it not work for you? The only thing that could be a problem here is that you need patience and have to be in front of your terminal every day. It will also pay if you increase your deposit and reduce your trade percentage. The lower the better because then you will have more pips to play around with if the market moves against the trade. Remember, the market will return to the entry point, you just have to wait it out without fearing a margin call.

Watch Your Blind Side!

“Blind Side” the movie is based on the true story of Michael Oher, now with the Baltimore Ravens, who earlier in life was befriended by a school friend’s mother, played by Academy Award-winning actress Sandra Bullock. Other plays offensive tackle for his school’s team and does a truly impressive job protecting his quarterback’s blind side.

There’s another kind of blind side worthy of our attention: “blind sides” that are responsible for the demise of leaders and their institutions, families and friends, communities and economies – like blind sides that contributed to the latest recession, our worst in decades. It’s pretty frightening to hear the likes of Alan Greenspan, past and current secretaries of our treasury and the heads of world-wide banks – no doubt pretty smart people in many respects – admit that they were blind to the forces at play that triggered the collapse of world-wide real estate and financial markets and that nearly took down our economy. There are other kinds of blind sides that get us into trouble too – blindness to our own or our organization’s strengths or vulnerabilities, to others’ contributions or limitations, to the impact of our behavior or decisions on others, to “bad news” or our inability to hear it, and myriad other realities that impact our lives and organizations without any awareness of them.

We’ve heard a lot about the merits of “authentic” leaders, organizations, experiences and people. Authenticity means to be real, and an important part of that is for leaders, organizations, experiences and people to be in reality what they claim or present themselves to be. Another important part of being real, however, is the capacity to face and articulate reality – something apparently in very short supply as CEOs, investment bankers and government officials missed or ignored warning signs of the market’s collapse leading up to 2008. The signs were surely there; Michael Lewis’ new book, The Big Short*, chronicles the work of Michael Burry, one investor who correctly read the signs. Mr. Burry studiously read all of the real estate investment descriptions laced with legal language and strange acronyms; he paid attention to the increasing ease for homeowners of acquiring credit, and noticed by 2005 that lending standards had hit bottom. Adding it all up, Burry bet that millions of dollars worth of securities would lose money by “short-selling” them; he made billions.

Why did Michael Burry pay attention to what was happening when so many others didn’t? He jokes about how it might be due to seeing things differently since the childhood loss of one eye; whether that’s true or not, certainly “seeing things differently” is one way to protect our “blind side.” A way to do that just on our own is to simply adopt a different perspective and see things from as many different angles as we can; examples include “playing devil’s advocate,” waiting a day to see things in a different light, or changing locations or going on a retreat to gain perspective. An even better way is to seek and use the input of others, and the more and more different the perspectives usually, the better; here’s a case where there truly is strength in numbers.

The road to failure is paved with blind spots, including organizations and entire industries blind to market or competitive dynamics. After dominating the auto market, Henry Ford lost significant market share to General Motors early in the twentieth century because he was blind to shifting consumer tastes; demand for “basic transportation” gave way to preferences for different models with more features and more colors. The entire American automotive industry was blind to the encroaching Japanese auto makers’ inroads, eventually losing nearly half of their collective market share. IBM was thrown off balance in the 1970s and 80s, blind to the possibility that small personal computers, and Apple in particular, would amount to much. Sometimes rapid growth, success or size contributes to blind spots, as was apparently true with giant organizations in 2008 believed to be “too big to fail.” Richard Tedlow does an excellent job of documenting classic cases of denial, a close cousin of blind sides, in his new book Denial.*

A scary thing about blind sides is that whatever they’re obscuring is still there, impacting our lives and organizations whether we’re aware of them or not; that’s why they’re called “blind sides!” Unfortunately, sometimes we learn about blind sides when it’s too late – after a crisis, traumatic losses or digging a hole that’s too big to escape. I know that I’ve been blind at times to the reality of what was going on or to my situation when a better understanding of what was blocking my view would have paid many dividends. Things “just not going our way” again and again or finding ourselves falling into the same predicaments consistently are usually signs of blind sides and our inability or unwillingness to face certain truths. These are times when we need to take some time for serious reflection, seek feedback that we really attend to, and open ourselves up or seek experiences to help us see things from a different perspective; valid personality surveys, skills inventories or “360°surveys for individuals, especially when accompanied by coaching, can help here. Perhaps at times like these we need what the Buddhists refer to as a Kalyana mitra, or “noble friend”, who as John O’Donahue tells us in Anam Cara* “will not accept pretension but will gently and firmly confront you with your own blindness.” Organizations and teams can be blind to their strengths and vulnerabilities as well; here again periodic organization assessments, especially accompanied by skillful interpretation by a consultant, can significantly reduce dangerous blind spots.

We all likely have sufficiently serious personal, professional, organizational and community challenges to resolve without being handicapped by blind spots.

  • Are there any indicators that blind spots may be impacting your life or work; how could you find out? What are some steps you could take to compensate for potential blind spots?
  • Might there be blind spots impacting others around you – perhaps acquaintances, your organization, industry or community? How could you call attention to them and reduce their impact?

“Ninety percent of the world’s woes come from people not knowing themselves, their abilities, their frailties and even their real virtues.” (Sydney Harris)

Brand Positioning – Brand Image

That cross-trainer you’re wearing — one look at the distinctive swoosh on the side tells everyone who’s got you branded. That coffee travel mug you’re carrying — ah, you’re a Starbucks woman! Your T-shirt with the distinctive Champion “C” on the sleeve, the blue jeans with the prominent Levi’s rivets, the watch with the hey-this-certifies-I-made-it icon on the face, your fountain pen with the maker’s symbol crafted into the end …

You’re branded, branded, branded, branded.

It’s time for me — and you — to take a lesson from the big brands, a lesson that’s true for anyone who’s interested in what it takes to stand out and prosper in the new world of work.

Regardless of age, regardless of position, regardless of the business we happen to be in, all of us need to understand the importance of branding. We are CEOs of our own companies: Me Inc. To be in business today, our most important job is to be head marketer for the brand called You.

It’s that simple — and that hard. And that inescapable.

Behemoth companies may take turns buying each other or acquiring every hot startup that catches their eye — mergers in 1996 set records. Hollywood may be interested in only blockbusters and book publishers may want to put out only guaranteed best-sellers. But don’t be fooled by all the frenzy at the humongous end of the size spectrum.

The real action is at the other end: the main chance is becoming a free agent in an economy of free agents, looking to have the best season you can imagine in your field, looking to do your best work and chalk up a remarkable track record, and looking to establish your own micro equivalent of the Nike swoosh. Because if you do, you’ll not only reach out toward every opportunity within arm’s (or laptop’s) length, you’ll not only make a noteworthy contribution to your team’s success — you’ll also put yourself in a great bargaining position for next season’s free-agency market.

The good news — and it is largely good news — is that everyone has a chance to stand out. Everyone has a chance to learn, improve, and build up their skills. Everyone has a chance to be a brand worthy of remark.

Who understands this fundamental principle? The big companies do. They’ve come a long way in a short time: it was just over four years ago, April 2, 1993 to be precise, when Philip Morris cut the price of Marlboro cigarettes by 40 cents a pack. That was on a Friday. On Monday, the stock market value of packaged goods companies fell by $25 billion. Everybody agreed: brands were doomed.

Today brands are everything, and all kinds of products and services — from accounting firms to sneaker makers to restaurants — are figuring out how to transcend the narrow boundaries of their categories and become a brand surrounded by a Tommy Hilfiger-like buzz.

Who else understands it? Every single Website sponsor. In fact, the Web makes the case for branding more directly than any packaged good or consumer product ever could. Here’s what the Web says: Anyone can have a Website. And today, because anyone can … anyone does! So how do you know which sites are worth visiting, which sites to bookmark, which sites are worth going to more than once? The answer: branding. The sites you go back to are the sites you trust. They’re the sites where the brand name tells you that the visit will be worth your time — again and again. The brand is a promise of the value you’ll receive.

The same holds true for that other killer app of the Net — email. When everybody has email and anybody can send you email, how do you decide whose messages you’re going to read and respond to first — and whose you’re going to send to the trash unread? The answer: personal branding. The name of the email sender is every bit as important a brand — is a brand — as the name of the Web site you visit. It’s a promise of the value you’ll receive for the time you spend reading the message.

Nobody understands branding better than professional services firms. Look at McKinsey for a model of the new rules of branding at the company and personal level. Almost every professional services firm works with the same business model. They have almost no hard assets — my guess is that most probably go so far as to rent or lease every tangible item they possibly can to keep from having to own anything. They have lots of soft assets — more conventionally known as people, preferably smart, motivated, talented people. And they have huge revenues — and astounding profits.

They also have a very clear culture of work and life. You’re hired, you report to work, you join a team — and you immediately start figuring out how to deliver value to the customer. Along the way, you learn stuff, develop your skills, hone your abilities, move from project to project. And if you’re really smart, you figure out how to distinguish yourself from all the other very smart people walking around with $1,500 suits, high-powered laptops, and well-polished resumes. Along the way, if you’re really smart, you figure out what it takes to create a distinctive role for yourself — you create a message and a strategy to promote the brand called You.

What makes You different?

Start right now: as of this moment you’re going to think of yourself differently! You’re not an “employee” of General Motors, you’re not a “staffer” at General Mills, you’re not a “worker” at General Electric or a “human resource” at General Dynamics (ooops, it’s gone!). Forget the Generals! You don’t “belong to” any company for life, and your chief affiliation isn’t to any particular “function.” You’re not defined by your job title and you’re not confined by your job description.

Starting today you are a brand.

You’re every bit as much a brand as Nike, Coke, Pepsi, or the Body Shop. To start thinking like your own favorite brand manager, ask yourself the same question the brand managers at Nike, Coke, Pepsi, or the Body Shop ask themselves: What is it that my product or service does that makes it different? Give yourself the traditional 15-words-or-less contest challenge. Take the time to write down your answer. And then take the time to read it. Several times.

If your answer wouldn’t light up the eyes of a prospective client or command a vote of confidence from a satisfied past client, or — worst of all — if it doesn’t grab you, then you’ve got a big problem. It’s time to give some serious thought and even more serious effort to imagining and developing yourself as a brand.

Start by identifying the qualities or characteristics that make you distinctive from your competitors — or your colleagues. What have you done lately — this week — to make yourself stand out? What would your colleagues or your customers say is your greatest and clearest strength? Your most noteworthy (as in, worthy of note) personal trait?

Go back to the comparison between brand You and brand X — the approach the corporate biggies take to creating a brand. The standard model they use is feature-benefit: every feature they offer in their product or service yields an identifiable and distinguishable benefit for their customer or client. A dominant feature of Nordstrom department stores is the personalized service it lavishes on each and every customer. The customer benefit: a feeling of being accorded individualized attention — along with all of the choice of a large department store.

So what is the “feature-benefit model” that the brand called You offers? Do you deliver your work on time, every time? Your internal or external customer gets dependable, reliable service that meets its strategic needs. Do you anticipate and solve problems before they become crises? Your client saves money and headaches just by having you on the team. Do you always complete your projects within the allotted budget? I can’t name a single client of a professional services firm who doesn’t go ballistic at cost overruns.

Your next step is to cast aside all the usual descriptors that employees and workers depend on to locate themselves in the company structure. Forget your job title. Ask yourself: What do I do that adds remarkable, measurable, distinguished, distinctive value? Forget your job description. Ask yourself: What do I do that I am most proud of? Most of all, forget about the standard rungs of progression you’ve climbed in your career up to now. Burn that damnable “ladder” and ask yourself: What have I accomplished that I can unabashedly brag about? If you’re going to be a brand, you’ve got to become relentlessly focused on what you do that adds value, that you’re proud of, and most important, that you can shamelessly take credit for.

When you’ve done that, sit down and ask yourself one more question to define your brand: What do I want to be famous for? That’s right — famous for!

What’s the pitch for You?

So it’s a cliché: don’t sell the steak, sell the sizzle. it’s also a principle that every corporate brand understands implicitly, from Omaha Steaks’s through-the-mail sales program to Wendy’s “we’re just regular folks” ad campaign. No matter how beefy your set of skills, no matter how tasty you’ve made that feature-benefit proposition, you still have to market the bejesus out of your brand — to customers, colleagues, and your virtual network of associates.

For most branding campaigns, the first step is visibility. If you’re General Motors, Ford, or Chrysler, that usually means a full flight of TV and print ads designed to get billions of “impressions” of your brand in front of the consuming public. If you’re brand You, you’ve got the same need for visibility — but no budget to buy it.

So how do you market brand You?

There’s literally no limit to the ways you can go about enhancing your profile. Try moonlighting! Sign up for an extra project inside your organization, just to introduce yourself to new colleagues and showcase your skills — or work on new ones. Or, if you can carve out the time, take on a freelance project that gets you in touch with a totally novel group of people. If you can get them singing your praises, they’ll help spread the word about what a remarkable contributor you are.

If those ideas don’t appeal, try teaching a class at a community college, in an adult education program, or in your own company. You get credit for being an expert, you increase your standing as a professional, and you increase the likelihood that people will come back to you with more requests and more opportunities to stand out from the crowd.

If you’re a better writer than you are a teacher, try contributing a column or an opinion piece to your local newspaper. And when I say local, I mean local. You don’t have to make the op-ed page of the New York Times to make the grade. Community newspapers, professional newsletters, even inhouse company publications have white space they need to fill. Once you get started, you’ve got a track record — and clips that you can use to snatch more chances.

And if you’re a better talker than you are teacher or writer, try to get yourself on a panel discussion at a conference or sign up to make a presentation at a workshop. Visibility has a funny way of multiplying; the hardest part is getting started. But a couple of good panel presentations can earn you a chance to give a “little” solo speech — and from there it’s just a few jumps to a major address at your industry’s annual convention.

The second important thing to remember about your personal visibility campaign is: it all matters. When you’re promoting brand You, everything you do — and everything you choose not to do — communicates the value and character of the brand. Everything from the way you handle phone conversations to the email messages you send to the way you conduct business in a meeting is part of the larger message you’re sending about your brand.

Partly it’s a matter of substance: what you have to say and how well you get it said. But it’s also a matter of style. On the Net, do your communications demonstrate a command of the technology? In meetings, do you keep your contributions short and to the point? It even gets down to the level of your brand You business card: Have you designed a cool-looking logo for your own card? Are you demonstrating an appreciation for design that shows you understand that packaging counts — a lot — in a crowded world?

The key to any personal branding campaign is “word-of-mouth marketing.” Your network of friends, colleagues, clients, and customers is the most important marketing vehicle you’ve got; what they say about you and your contributions is what the market will ultimately gauge as the value of your brand. So the big trick to building your brand is to find ways to nurture your network of colleagues — consciously.

What’s the real power of You?

If you want to grow your brand, you’ve got to come to terms with power — your own. The key lesson: power is not a dirty word!

In fact, power for the most part is a badly misunderstood term and a badly misused capability. I’m talking about a different kind of power than we usually refer to. It’s not ladder power, as in who’s best at climbing over the adjacent bods. It’s not who’s-got-the-biggest-office-by-six-square-inches power or who’s-got-the-fanciest-title power.

It’s influence power.

It’s being known for making the most significant contribution in your particular area. It’s reputational power. If you were a scholar, you’d measure it by the number of times your publications get cited by other people. If you were a consultant, you’d measure it by the number of CEOs who’ve got your business card in their Rolodexes. (And better yet, the number who know your beeper number by heart.)

Getting and using power — intelligently, responsibly, and yes, powerfully — are essential skills for growing your brand. One of the things that attracts us to certain brands is the power they project. As a consumer, you want to associate with brands whose powerful presence creates a halo effect that rubs off on you.

It’s the same in the workplace. There are power trips that are worth taking — and that you can take without appearing to be a self-absorbed, self-aggrandizing megalomaniacal jerk. You can do it in small, slow, and subtle ways. Is your team having a hard time organizing productive meetings? Volunteer to write the agenda for the next meeting. You’re contributing to the team, and you get to decide what’s on and off the agenda. When it’s time to write a post-project report, does everyone on your team head for the door? Beg for the chance to write the report — because the hand that holds the pen (or taps the keyboard) gets to write or at least shape the organization’s history.

Most important, remember that power is largely a matter of perception. If you want people to see you as a powerful brand, act like a credible leader. When you’re thinking like brand You, you don’t need org-chart authority to be a leader. The fact is you are a leader. You’re leading You!

One key to growing your power is to recognize the simple fact that we now live in a project world. Almost all work today is organized into bite-sized packets called projects. A project-based world is ideal for growing your brand: projects exist around deliverables, they create measurables, and they leave you with braggables. If you’re not spending at least 70% of your time working on projects, creating projects, or organizing your (apparently mundane) tasks into projects, you are sadly living in the past. Today you have to think, breathe, act, and work in projects.

Project World makes it easier for you to assess — and advertise — the strength of brand You. Once again, think like the giants do. Imagine yourself a brand manager at Procter & Gamble: When you look at your brand’s assets, what can you add to boost your power and felt presence? Would you be better off with a simple line extension — taking on a project that adds incrementally to your existing base of skills and accomplishments? Or would you be better off with a whole new product line? Is it time to move overseas for a couple of years, venturing outside your comfort zone (even taking a lateral move — damn the ladders), tackling something new and completely different?

Whatever you decide, you should look at your brand’s power as an exercise in new-look résumé; management — an exercise that you start by doing away once and for all with the word “résumé.” You don’t have an old-fashioned résumé anymore! You’ve got a marketing brochure for brand You. Instead of a static list of titles held and positions occupied, your marketing brochure brings to life the skills you’ve mastered, the projects you’ve delivered, the braggables you can take credit for. And like any good marketing brochure, yours needs constant updating to reflect the growth — breadth and depth — of brand You.

What’s loyalty to You?

Everyone is saying that loyalty is gone; loyalty is dead; loyalty is over. I think that’s a bunch of crap.

I think loyalty is much more important than it ever was in the past. A 40-year career with the same company once may have been called loyalty; from here it looks a lot like a work life with very few options, very few opportunities, and very little individual power. That’s what we used to call indentured servitude.

Today loyalty is the only thing that matters. But it isn’t blind loyalty to the company. It’s loyalty to your colleagues, loyalty to your team, loyalty to your project, loyalty to your customers, and loyalty to yourself. I see it as a much deeper sense of loyalty than mindless loyalty to the Company Z logo.

I know this may sound like selfishness. But being CEO of Me Inc. requires you to act selfishly — to grow yourself, to promote yourself, to get the market to reward yourself. Of course, the other side of the selfish coin is that any company you work for ought to applaud every single one of the efforts you make to develop yourself. After all, everything you do to grow Me Inc. is gravy for them: the projects you lead, the networks you develop, the customers you delight, the braggables you create generate credit for the firm. As long as you’re learning, growing, building relationships, and delivering great results, it’s good for you and it’s great for the company.

That win-win logic holds for as long as you happen to be at that particular company. Which is precisely where the age of free agency comes into play. If you’re treating your résumé as if it’s a marketing brochure, you’ve learned the first lesson of free agency. The second lesson is one that today’s professional athletes have all learned: you’ve got to check with the market on a regular basis to have a reliable read on your brand’s value. You don’t have to be looking for a job to go on a job interview. For that matter, you don’t even have to go on an actual job interview to get useful, important feedback.

The real question is: How is brand You doing? Put together your own “user’s group” — the personal brand You equivalent of a software review group. Ask for — insist on — honest, helpful feedback on your performance, your growth, your value. It’s the only way to know what you would be worth on the open market. It’s the only way to make sure that, when you declare your free agency, you’ll be in a strong bargaining position. It’s not disloyalty to “them”; it’s responsible brand management for brand You — which also generates credit for them.

It’s this simple: You are a brand. You are in charge of your brand. There is no single path to success. And there is no one right way to create the brand called You. Except this: Start today. Or else.

All About Small Business Loans – How to Get Them

If the business employs less than a hundred, is owned and operated independently, and not the market leader in the industry where it belongs, then it is considered a small business. These are some of the criteria of the U.S. Small Business Administration (SBA) defining a small business.

One of the most common problems of a small business owner is the lack of funds to maintain, run and expand the business. If you have this problem, then these frequently asked questions will guide you in making your business survive through the support of a business loan.

What is a Small Business Loan?

A small business loan is the type of loan that lends money or funds to a small business owner so he or she can operate the business. It is also made available for individuals who wish to start a business.

Small business owners may use the amount borrowed for the establishment, construction or renovation of the business, acquisition of the necessary equipment, and for operational expenses such as payroll.

While a small business loan refers to a loan for the business itself, the personal credit history of the business owner will strongly determine if the bank or lender would give its approval to the application. Thus, a small business loan is also termed as a personal loan granted to small business owners.

How to apply for Small Business Loans?

When you apply for a loan, your loan provider will look into your personal credit history. You, the business owner, should also be able to project a sense of deep commitment to your small business. The lender will gauge your willingness to put a portion of your personal funds to help the business prosper. Be prepared also to present a loan security or collateral such as a house or car. What’s more, your educational background and expertise are also important factors for your business to be granted the loan.

The small business owner is also required to submit a business plan. A business plan is a written proposal which details the nature of your business, marketing strategy and contains a financial report. This document should also include how the business will generate income and support its operational expenses in the coming years. Moreover, the business plan should be able to convince your loan provider that you can pay the loan within the stated date of payment through the profit realize from the business and its expected continuous growth.

Remember that lenders need to make sure that the business can survive to pay up the loan and that its owner is credible enough to guarantee that the business is well planned to prosper.

Where to apply for Small Business Loans?

You can apply for a loan traditionally, which means going to local banks and government funded organizations. Even your local cooperatives have facilities for small business loans.

You may also apply for a loan online. Online application for a business loan is easier and convenient for a small business owner. You no longer have to waste time scouting for the best loan arrangement in the market. All you need to do is visit various websites and compare the rate and application requirements. However, make sure that your target small business loan provider is credible to avoid problems later on. A national bank with online capability is the best choice.

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