Business is simple, in fact, too simple - Buy & Sell, period.

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.

Continue reading “Worst things you can do to ruin business”…

You might of might not have heard of such a tool. But if you’re trying to get into the Internet Marketing field, you’re doing endless keyword research works. Don’t you ever wonder - are there any tools out there that’ll lower my work load? The answer is YES.

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.

Continue reading “Wordtracker - the Best Tool for SEO and Internet marketing”…

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 =)

If you have read my blog before, you know I have a website, QPOP.com , which I promised to launch back in 2007. Well it did, but it never quite went the way I wanted it to be. The development quality is crappy, things don’t work, the design is not up to par, features are not user friendly.

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.

I came across a site today, FunFriends.com , of which sells a series of fun cellphone accessories, cute computer mice, iPod accessories and miscellaneous fun products that can become your budget gifts for the holiday season in the economic downturn.

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 =)