Moneychump » investment http://www.moneychump.org Moneychump Wed, 28 Jul 2010 20:42:03 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 How to make money with $0 investment http://www.moneychump.org/how-to-make-money-with-0-investment/ http://www.moneychump.org/how-to-make-money-with-0-investment/#comments Tue, 05 May 2009 20:17:12 +0000 admin http://www.moneychump.org/?p=44 If you don’t invest money, you think you don’t have a chance to make money? That’s actually wrong. With little effort, you can start make good money.

Here are 4 steps to make money with $0 investment:

1/ Start small to become an expert

There are thousands of opportunities on the web to make good money. It’s easy and doable to make up to fifty dollars a day simply. It’s great because you can do it from home and whenever you want it. And then, you will be able to get more loyal customers who want to do business with you. Again, no money but you make money!

2/ When you have made some money, it’s time to invest it!

So now you’ve earned some money it is time to put it into action. Assuming that you have around two hundred dollars to work with, this is now the time for using the money to make a real income. You can sell products offer quality content in a niche business and make sure you get loyal customers that will follow you even if it’s a tough. It takes time but it’s worth it!

3/ Marketing and buzz

Again, you want people to know about your killer application/content/website/product. More importantly, you need to work on the buzz. Make a website to advertise your project, use facebook/twitter and all other possible social networks. Then, improve your SEO skills (buying links, advertise your site, search engines,…)

4/ Roll up your killer product/content/website

Think about other ideas and roll it up! There are thousands of opportunities to make money… But never forget good principles you learnt throughout the days: invest wisely, look at data, do detailed due diligence and understand where are the next successful businesses…

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]]> http://www.moneychump.org/how-to-make-money-with-0-investment/feed/ 1 Warrenn Buffett and Rose Blumkin http://www.moneychump.org/warrenn-buffett-and-rose-blumkin/ http://www.moneychump.org/warrenn-buffett-and-rose-blumkin/#comments Fri, 31 Oct 2008 20:40:16 +0000 admin http://www.moneychump.org/?p=30 Warren Buffett is convinced that a good management team is key in a good business. He does not like firing people  and getting new managers on board.

Rose Blumkin and the Nebraska Furniture Mart is one of the best success stories with Warrenn Buffet.

Rose Blumkin was born in Russia in 1893 and started to work early in her mother’s store.

She had one motto to succeed : « Sell cheap and tell the truth »

Warrenn Buffet, came to visit her store several times and convinced her to buy her out after several attempts. It has been a long process for him to succeed. He finally bought the store for 60 million dollars. She named the price and Warrenn Buffett accepter right away.

In 1984, in his Letter to Shareholders, Warren Buffett explained some of his own investment principles:

‘I have been asked by a number of people what secrets the Blumkins bring to their business. These are not very esoteric. All members of the family:

1. Apply themselves with an enthusiasm that would make Ben Franklin and Horatio Alger look like dropouts;

2. Define with extraordinary realism their area of special competence and act decisively on all matters within it;

3. Ignore even the most enticing propositions falling outside of that area of special competence; and

4. Unfailingly behave in a high grade manner with everyone they deal with. (Mrs B boils it down to “sell cheap and tell the truth”.

Rose Blumkin died in 1998, aged 104. She became a legend for many general managers and entrepreneurs.

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