It feels really good to get a lot of US side problem handled, and got couple deals going on in these two months. The bad thing about US tho…. it’s such a relaxing place to stay, in fact, too relaxing it can make someone lose motivation.

I suddenly realized I’m in such a perfect position. I get enough rest, fully charged up in the US, and then I go to China to do my thing, blast all my energy, come back to the US again to charge up. I like both countries, which are two extreme opposites, it’s good to have some kind of balance in between so I don’t get too over worked or over relaxed.

Now I feel I had enough and I’m almost about to lose my motivations, time to go back to the fast tempo. I’ll be leaving to China on 12/30…….. and I’ll be doing count down onboard……. SUCKS haha

For any of you non-Chinese speakers, if you’re trying to seek China opportunities, call me up! =)  You know China is one of the richest country in the world, yea you know it lol

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Investor

What it takes: Have good visions; Ability to foresee and analyse the market, the company, the people you’re putting money in. You shall be clear and know how a business is operated, and who are operating the business. You can see the potential of something other people can’t see.

What are the risks: You usually don’t have control or full control of the stuff you invest in, you might risk losing everything you put in without being able to do anything about it other than withdrawing from it early enough. 

Stress level: Medium-high; You don’t have to worry about the things much, it’s pretty much a pay-and-wait game that you’re playing, and if you’re a good investor, you should be prepared to lose everything before you even consider investing.

What are Investors: Investors are usually rather lazy, they like to sit around and make money. Many came from running businesses and have cash in the bank. Drawbacks - they don’t have as many chances to meet people, thus a smaller network of people. Bottom line - They make most of the money with least labor, that’s smart =)

Business man

What it takes: Have good visions as well, ability to oversee a company, good communication and management skills. Business is planning + dealing with people. So if you’re not an out-going communicator, and you don’t think you can change that personality, go for another route. You also need a very high EQ to deal with the stress and troubles, if you don’t, I’m afraid you might be frustrated to death.

What are the risks: You may as well lose everything, but it will hurt more than the investors do, because you lose money AND the heart, motivation, labor work you put in the business, which you consider your baby. And a business tend to get you into most troubles such as law suits, liabilities, cash-flow etc. You may lose more than what you put in.

Stress level: Very high; No one wants to see their baby die. When your company is in any of the troubles mentioned above, you’ll get stressed out and it may drive you crazy, literary. 

What are business people: These people HATE working for people, they can not sit in an office and taking orders and assignments from others simply because they do or they think they do have the ability to take control. They have their dreams, they wish to achieve something in their life other than just money, sometimes fame is related. These people don’t want to live their whole life without anyone knowing who they are, what they do. They like to create, manage, and control something that’ll bring them money and fame. They’re hard working, hard thinking people who also have ability to do it well. Drawbacks - sometimes hard work and hard thinking may not pay off, and it turns out to be a waste of time and money. Bottom line - These people will be highly recognized, in an area, a city, a country, or even Internationally, and they have connections everywhere which will help them through problems, and that’s something money can’t buy.

Workers

What it takes: Hard working, loyalty, ability to achieve success in a part of a business and create value.

What are the risks: This is a tricky question for a lot of workers, they work for other people because they think it’s secure. Well, it’s actually much riskier than they think, companies may go down anytime, and they may cut staffs if they struggling to cut cost. In fact, workers will never ever achieve a level of real security because what they get paid for are just not enough to guarantee their expenses forever, they will be hunting jobs for life. 

Stress level: Low - because these people never realize the risk they’re in, so the only thing that’ll stress them is a slightly challenging tasks assigned by their boss.

What are business people: Workers work for others because they’re afraid to lose anything, they’re too scared to see money go out. Thus they stay working for other people, and feel happy about getting a paycheck for selling their time and labor to the company who pays them. They enjoy living a mediocre life cause it won’t bring them as much negative feelings. Drawback - They’re being paid by business people, and business people only pay them enough so they don’t quit, which means the pay is never enough; They spent a large portion of time doing the same thing at the same place with the same people, they don’t have the time, money, and quality to see what business men and investors see, or do what they do, their whole life will be living in a narrow space. Bottom line - In general they’re happier than investors and business people because they have less to worry about. They have and enjoy a good family and friends relationship, while the other two will sacrifice more time achieving something a lot bigger, and possibly ignoring their family and friends.

There’s nothing particularly good or bad about these 3 types of people, each have their good and bad, just make sure you choose one that is right for you. If you choose one that isn’t, change yourself to that particular type before you do so.

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I’m excited and hope to close the deal soon! Will keep you guys updated
Isn’t my F430 on the way???? Hellz Yeahhhhhh! 

Edit:

P.S. maybe I’ll write a case study when the time is mature =)

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Once again MEGA Millions jackpot is hitting above $100 million, I never thought I will ever win any of these lucky money in my whole life. But hey, you never know! This number is very tempting! I’m going to buy a ticket and try out my luck just for the heck of it, if I don’t win, it’s a donation to the schools, and I’m doing the society some good;

And if I Do win?! What do I do with all that money? That’s actually a very good question. I did surveys with a lot of my friends, this is a good question to ask people if you’re looking for a potential partner.

95% of the people answer this way:

Damn, if I win and have all that money, I’m going to cash pay off 10 super cars, Ferraris, Lambos, Bentleys, you name it; And I’m going to do shoppings all day long at Beverly Hills Rodeo Drive. Oh, and I’ll of course get myself a $10 million dollar mansion to store all my nice super cars and stuff I’ll be buying…… then it goes on and on and on…..

And the 5% rest, may answer like this instead:

Umm, I’ll probably use a portion to buy some commercial properties, apartment buildings to build a steady passive income to make sure I will never be able to waste all my money. Also put some of that in the stock market to build a comprehensive portfolio for saving and profit generator, the annual dividend will also buy me some nice meals and gadgets. Once I got those couple things secured, I will start investing and starting up businesses I like, because the core difference between running a business and investing in real estate or stocks, is that running a business can gain reputation and build relationships by interacting with other people out there, these two things will make my life much easier and get me what money can’t buy. 

After that, I’ll start enjoying my life - The rent income from commercial properties will settle my monthly payment of my super cars as well as the mortgage of my mansion, so other people are paying for my sweet biggies and I don’t spend a single dime on them, the remaining portion of the rent plus stock profits will still make a good income for my daily expenses. And if my businesses go well, I’ll end up on magazine covers with me sitting on the hood of my Ferrari, the article title will be “The Youngest Billionaire Entrepuenur Whatever Business”. 

The above statements are in major differences - The first one is from an unsuccessful person with short vision, who will NEVER become successful. And the 2nd? He will become successful although he’s not yet successful. And that is also the differences of the way how Winners and Losers look at money. Winner always wins, loser will always lose. 

If you’re looking for a person to make money to together with you, ask them the million-dollar-question  ”What will you do if you win $100 million dollars?”

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Some say it is way too over rated, some say it’s over priced, some say…… well that’s why I decided to try it, out of curiosity .

First impression after openning

Color: Dark red
Aroma: Strong cherry, a bit of strawberry and plum, and some terior
Taste: The wine takes approximately 45 minutes to 1 hour decanting to fully open up, before that it tastes like premature red fruit. I could still tell it was well balanced but very boring at the very beginning.

After decanting

Since WoodRanch BBQ & Grill didn’t have a decanter, we had to wait for the wine to decant inside the bottle, however, the 45 minutes wait was well worth it. It turns into something that’s very exciting, hits your palate with a strong cherry sweet-sourness, instantly followed by a strong dark chocolate-liquor flavor - just right after the “chocolate” melted, brought up a sense of alcohol mixed with mild bitterness.  Savor is quite short comparing to a typical French wine.

It’s been almost a month now since I tasted the Opus One, probably a bit too late for the wine note, but I tried my best memorizing every bit of it =) Overall well balanced and not too conservative, gives me the excitement but doesn’t hit me too hard like the Hidden Jewel Zinfandel I tried not long ago. I must say I liked it. 

But I also have to agree the Opus One is over priced, $180 price tag is definitely granted by the works of medias and Robert Parker. I was pretty sure I’m able to find something very near as good, if not better, for under 20 dollars, and I did, and proved it with a blind tasting with a few of my friends. 

P.S. Woodranch really needs to start using some REAL wine glasses, and have some rather professional wine accessories ready, I was very disappointed when the pretty waitress brought me the IKEA wine glasses and did the serving unprofessionally. Wasn’t feeling very well paying $10/bottle corkage for that…

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There are reasons why majority of business owners fail on such a simple subject, including myself. Several worst things people tend to do and screw up everything. If you’re doing any one of them, it’s not your fault, it’s part of human nature, but if you want to succeed, avoid them.

I’m listing all the stupid things I’ve done in the past, I hope this article will help all you new entrepreneurs. They’re the reasons why I’m still not driving a Ferrari yet! Most people hide their failure ’cause they’re afraid to lose their reputation. It doesn’t matter to me, reputation is nothing if it doesn’t get me money. Bottom line, these are great lessons learned.

1.Working on multiple things at the same time

Yea yea, don’t put all eggs in one basket, that’s what we always hear from others, we just interpret it all wrong. I’ve been putting eggs in dfferent baskets for the past couple years. I thought if Business A doesn’t make money, Business B will, if B doesn’t, C must do. Thus i started up 5 websites, did affiliate marketing, and run an international trade business, all at the same time. Most of them failed, analysis follows…….

Let’s say I had $100k to invest within the 1 year time frame.
$60k went into the international trade business, which also occupies 7 months of the year. 
$20k was dropped on the 5 new websites, takes me 3 months to work on
$15k on my already developed website. eats up about 2 months of my time.
$5k on affiliate marketing, which was done during night time, and I was a complete newbie back then, another 50% of the time is spent learning the tips and tricks.
The end result……
International trade business is still developing, not yet profitable.
All 5 new websites died because I simply didn’t have time to operate and manage them.
Sold the developed site because I already invested all my money so I had to sell some assets to maintain my living.
Affiliate marketing hasn’t got any real results, it made a 0% ROI, that is, dollar for dollar, and I realized it takes much more time than I thought to achieve a decent level of return, unfortunately time is what I lack because they’re all occupied by other stuff.

On the other hand, developing a business almost always takes more than you thought, no matter how well and accurate the business plan is. Lack of extra capital killed quite a few of my businesses, since I used up my money on other businesses, I didn’t have anymore to save them.

 If you’re a business executive, you should always focus on one thing until it’s stable, then you move on to another one. Focus and consistency is essential.

2.Risking your personal living for business

Always evaluate how much you can invest without risking your personal living expenses. There are so many legendary stories about people using every single penny they have to start a business and eventually succeed, but one thing you don’t know is, those stories are likely the 0.000000001% of all the failure stories untold. True story, I did that myself because I was brainwashed by those stories without considering - Business doesn’t always profit.

Life was miserable, I woke up everyday thinking how am I going to survive the day, I didn’t have much left in the bank account and my business was not making money. Negative thinking, sad feeling, and pressure took up my whole mind, I lost focus, the situation loops back to worst things #1. 

Attack, only if you’re sure nothing is stabbing you in the back.

3.Using your own money to start a business

It’s OKAY to do so, if your family if well off, it’s just not smart. Cash flow is another critical subject in terms of business’ survival. If you have money in the bank, keep it, use OPM (Other People’s Money), get a loan from the bank, recruit venture capitals, or sell a % of your company / idea to investors. 
Your own money will come handy when the business burns all OPM and needs cash-flow, if you reverse the order, you’ll encounter a few problems.
1. Banks take quite some time to approve a loan
2. venture capitalist won’t be attracted to a company whose survival will rely on their money.
3. When your business is in debt, your shares will sell for a very low price, which is not worth it after all.
and at last, you’ll route back to worst things 1 and 2, struggle, and die out.

Be smart, use OPM. (Don’t be afraid to owe people money, you’ll pay them back, worst case is going filing Chapter 11, it won’t kill you)

4.Spending money carelessly

This is the thing I regret the most in the past few years, the life time most expensive lesson!
At one point I was earning up to $180,000/month, I was 19 years old. Just imagine a 19 year old kid suddenly making this amount of money, hell, I thought everything was so cheap.

Check out my careless spending list

• $1.75 million dollar house
• Cash paid off fully loaded BMW 5 series
• Lexus RX350
• $6000 TV
• xbox 360, PS3, PSP…..
• $7000 desktop computer
• 3 top of the line laptops with a combine value of $7000 
• $2000 mattresses
• $3000 just to tint my house windows
• $20000 trips to places
• iPhone, Guitars, cool gadgets, and the list goes on forever 

This is NOT a show off. Yes it’s cool having these luxuries, but the money spent on those, they’re gone, and gone forever! I could have generated another 10 million dollars or even 100 million dollars with all those money I literary threw away! I was that stupid. So for you young entrepreneurs, or newly successful business owners, DO NOT EVER spend like I did! Use your money wisely!
At this point, after paying so much for all the life lessons…… I shall start over, success is not too far away.

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WordTracker

Wordtracker is one of the very best keyword research tool around, it’s almost the standard in the industry. It provides the most accurate keyword data including keyword popularity,most searched keywords, and even generates typos of certain seed keywords which will effectively minimize your cost while getting you quality traffic. The save research results feature also comes very handy.
User interface is rather straight forward, anyone should be able to pick up and start using it right away.

Keyword Universe

Keyword Research

10 Great Reasons to Subscribe to Wordtracker-Risk-Free!

1. Find more profitable keywords. A single keyword can be pure marketing gold, delivering more qualified website traffic, more conversions and more revenue for your business. So just imagine how your bottom line would benefit if you could find dozens, hundreds and even thousands of new, high-impact keywords and terms! Since the full version of Wordtracker gives you thousands of results, your chances of finding highly lucrative “hidden gems” are much greater. And with our best-value Annual subscription costing less than 91 cents a day, Wordtracker is a smart investment that pays for itself in no time at all.

2. Get a leg up on the competition. Many- scratch that, most-of your competitors simply don’t take the time to do proper keyword research. Instead, they rely on free tools or worse, just guess at their best keywords. With the full version of Wordtracker, you’ll have the inside track to proven, effective keyword research that brings measurable results. Plus, the added customer insights that you gain as a subscriber can help transform your website into a high ranking, profit-generating machine!

3. Become an expert in keyword research. Those who win in the search game don’t do so by dabbling in it now and again. They work hard each day to build their knowledge and get every bit of ROI-boosting power from their keywords. With Wordtracker at your fingertips, you’ll be surprised at how much you can learn. And once you master the art of keyword research, people will be asking what your secret to high rankings is!

4. Save precious time. Let’s face it-to get ahead in today’s fast-paced world, you need to make the best use of your time. With Wordtracker’s intuitive, easy-to-use interface, you can generate thousands of powerful keywords in just a matter of minutes. That means getting your keyword research done faster and putting the results to work sooner.

5. Discover untapped niche markets. Successful online marketers prove time and again that the Internet is ripe with exciting, untapped niche opportunities-and the key to discovering them is finding the right keywords. As a Wordtracker subscriber, you’re in the unique position to identify and target new online markets that are just bursting with profit potential!

6. Check keyword competition on multiple engines, directories and news sites. Want to focus your marketing efforts on specific search engines? The full version of Wordtracker allows you to quickly carry out searches on Google, Google News, Yahoo, MSN and other important targets so you know how much competition you’re facing.

7. Import and rank up to 500 keywords. Gather seed lists of hundreds of keyword suggestions by brainstorming, reading the trade press, analyzing competitors, reading customer e-mails and listening to customer support staff. Once you’ve compiled your list, it’s easy to import it into Wordtracker and rank your keywords in order of descending popularity. After you’ve “cherry picked” your best options, you can expand them to create an arsenal of profitable target keywords and phrases.

8. Customize your research to get exactly what you want. Wordtracker allows you to extract the most value from your keywords through customizable features. Just another example of how we’re continually refining our cutting-edge research capabilities to meet the needs of our customers.

9. Keep your keyword research safe and accessible. With a full subscription to Wordtracker, you can save all of your valuable projects and lists and access them from any computer that has an Internet connection-anywhere in the world, day or night. Even better, you can store an unlimited number of projects-ideal for a business running several campaigns or an agency serving multiple clients.

10. Risk nothing with our 100% money-back guarantee. You have absolutely nothing to lose when you become a Wordtracker subscriber. Just sign up and start your research! If in 30 days you don’t feel that Wordtracker has brought you real value, we’ll give you every penny back that you paid-no question asked. That’s how confident we are that Wordtracker is the most powerful, effective, rank-boosting keyword research tool on the market today.

Effective keyword research is at the core of online marketing-and can mean the difference between your success and failure. Join the many thousands of subscribers worldwide who use Wordtracker to get the best possible results from their online marketing efforts. Start researching profit-boosting keywords now!

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Just a friendly reminder to all you car lovers out there, check your tires every once a while.

I was lucky, my friend noticed something wrong with my tires, turns out they were completely flat,  if I keep running on them for any longer, things might end up nasty and my thousand dollar wheels will be gone! Now my baby runs like a brand new car with its new shoes!

Sweeet =)

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I go really frustrated and abandoned it.

However, I brought up a bomb idea with it and we’re aiming at beta launch in Jan, 2009. The reason many of my ventures failed because I never put a time limit on my goal. I always say things like..

I wish to make it successful
I hope to laucnh it someday  

But after reading John Chow’s book, his sentense really hits me hard, it goes like this

The difference between a DREAM and a GOAL, is that a GOAL is a DREAM with ACTION

And I’m gonna have to put a time limit on my dream

I WILL launch the brand new QPOP.com by Jan 2009.

I WILL buy my Ferrari F430 by 2010. 

There you have my word.

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Their products seem to have pretty good quality over all. Everyone has a cellphone, iPhone or iPod these days, so if you’re planning gifts for kids or cute toy loving girl friends, these products under $20 are your best bet! And the girls and kids will love’em!

These are a few of my favorites, if you’re hunting for gifts with a thin wallet, might as well go ahead and check it out

Go check them out, only days left till Christmas =)

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