Stock trading is one of those business enterprises that turns’ a person to millionaire over a very short period of time. It all depends on timing. This is to say, you buy and sell the shares when the market is just right. You spend $1200 to invest and sell when the price rises, it can rise to $1900 within a twenty four hour period, hence making a profit of $700. Within a few months time the investment may add up to $10000.This is to show that you can invest very small amount of money on shares and in turn the investment will give you a good profit. You can re- invest the difference on more shares and make more money.
In the past, people have been very skeptical about share trading, but with the growth of internet and more quoted companies this has changed. More people are into this share trading now-a-days and they are making a killing. It has encouraged more companies to seek to be quoted on the stock exchange market, in turn encouraging more people to buy and sell more shares and increase their money. It is a thriving business all over the world, even governments are into it. When you buy shares in a company, it makes you an immediate owner of the same company, getting a part of their profits informs of dividends. You also help in making major decisions in the company on goings.
Getting into this business is quite easy. All you need is to buy the amount of shares you need. Then you wait until you feel the price is right and dispose of the shares, making yourself some extra money to it. Share buying and selling is a serious undertaking and it demands good business acumen.
By: Peter Bissel
Posts Tagged ‘Decisions’
How Market Research Can Be a Valuable Marketing Tool, Or Be a Total Waste of Money
January 11th, 2010
Over the years I have seen a lot of companies waste a lot of money on market research. In many cases they commissioned the research, simply because they had allocated a budget for it.
In some cases they did not even know why they were doing the research, but just wanted to know more about the market. In other cases, management could have saved the company a lot of money by just listening to the feedback from the frontline sales staff.
In other instances the company initiating the research failed to ask the right questions, or the research was done to postpone a decision, rather than to assist in decision-making.
Market research can be an extremely valuable tool when used wisely and it does not always need to cost the earth. For example, you could send out a questionnaire to existing customers with your monthly invoices. Telephone surveys can be reasonably inexpensive and students are often keen to do this kind of work.
Even an old-fashioned suggestion box can sometimes yield some valuable information.
The important questions to ask yourself before undertaking any research are:
1. What do I want to know?
2. Why do I need this information?
3. What decisions will I take once I have got it?
Answering these three vital questions will lead to ACTIONABLE RESEARCH. This is better than doing research, gathering lots of “fascinating” facts, without it helping you make any decisions.
If you decide to contract someone else to do the research for you, then it is important to brief them thoroughly.
Here are some briefing guidelines -
1. Clearly state the research objectives.
What is it that you want to know?
2. Supply background information.
What is the history of the market? Define the problem to be solved or the reason for the research.
3. Set action standards for the research.
What decision will you take once you have the answers? For example – “We will use this research to help us target our advertising more effectively.”
4. Decide who it is you are researching.
How would you define the group? For example; former customers, existing customers, people living in a certain suburb, people of a certain age group or whatever.
5. Decide what information you are seeking.
Considering the set objectives, what areas need to be investigated?
6. How about timing?
Does anything need to be taken into consideration regarding the timing of the research? For example, the results might differ before and after an advertising campaign.
When are the research findings needed by? Are there any information priorities?
7. Consider what research method would best suit your needs and budget.
There is no point in using the cheapest method of researching the market, if the research fails give you accurate results. For example, a written questionnaire sent out with your accounts is likely to generate a different response than might be expected from a focus (discussion) group.
Decide what methodology best suits your needs.
In summary, researching the market can help focus your marketing activities and save thousand of dollars in wasted, or misdirected advertising. The key is to do it correctly and ask the right questions.
By: Noel Peebles