Success Advice
The 8 Traits Of A Successful Real Estate Mogul
Investing in real estate can be risky. It’s been the making or breaking of countless individuals, but some people seem to thrive more than others. What are the common traits that these real estate moguls all shared?
Read on to find out what skills you need become a top notch real estate investor.
8 Skills Real Estate Investors Have
Unshakeable confidence
One thing that many real estate king pins have shared, is the confidence to convince others that they are the real deal. This is not only important when talking to clients, but also important when trying to attract investment from wealthy backers.
Donald Trump is the master of convincing both financial institutions and wealthy individuals to back his ventures.
Determination
As with making any kind of financial investment, when investing in real estate you only lose out if you sell for less than you’ve bought. This means holding out and selling at the right time, and not being put off by a temporary downturn in the market.
Patience is a virtue in this game, understand that and you will go a long way.
The good sense to know when to cut their losses
Contrary to the last point, sometimes hanging on in there for a good offer is counter productive. Sometimes knowing when to take a step back and make a minor loss is a very useful trait. It’s far better to free up capital and start again, than to lose it all slowly on a bad investment.
In a case like this you should go with your gut feeling, somehow we sub consciously know what is good for us and when we should follow our intuition.
The ability to avoid money pits
Maintaining real estate can often be expensive. The purchase costs are not the final costs.So a building that requires a large amount of money or resources to maintain can drain a fortune fast.
Successful real estate investors usually run a complete check over the investment before committing, make sure there isn’t anything fishy going on that the seller isn’t telling you about that will cost you dearly down the track.
They possess Marketing skills
Marketing is as important to a real estate mogul as it is to any business person, and can not be neglected. Marketing in real estate means not only selling the property, but also selling yourself.
Youtube is a great new avenue for those who are looking at showcasing their properties for sale. Create a YouTube channel and have it listed on your business card and e-mail signature to keep your clients u to date with the latest properties you have on the market.
The ability to spot trends
As with investing in the stock market, investing in real estate requires the ability to notice changes in trends and act upon them. Look at cities like Las Vegas in the 60s for example. What once was a dusty desert became Sin City almost overnight, and millions of people flooded there for their vacations. Imagine how much profit was made by those who got in on the ground.
This is not a one time thing. Houston Texas is becoming a major tech capital of the world, and money is flooding into the city. There are many opportunities that present themselves for those with the foresight to see them.
A knowledge of what they are signing up for
This doesn’t mean being fluent in legalese, that’s why they employ lawyers to read the contracts on their behalf. It simply means not getting into a bad deal. The ability to sense when they’re being led astray by someone looking to make a quick buck.
Investing in real estate requires a shrewd sense of business, and a healthy distrust of things that are “too good to be true”.
Seeing potential in run down buildings
A talented real estate agent like Barbara Corcoran, will totally disregard the cosmetics of a building, and look at the building in purely financial terms, rather than forming an emotional attachment.
Things like the interior aesthetics, and the grounds around the building can be fixed up very cheaply, as long as there’s no major structural damage, looks do not matter.
Barbara Corcoran grew her real estate company “The Corcoran Group” from $1,000 to $8 Billion over the years using her smart and persuasive real estate techniques. Here is a video by Barbara Corcoran on how she made it BIG in the Real Estate market:
(Video) Barbara Corcoran’s Lessons On Real Estate Investment
Barbara Corcoran’s current Net Worth is $66 Million
Article By Joel Brown | Addicted2Success.com
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How to Choose the Best Affiliate Programs for Your Blog
If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers
Picking the right affiliate programs for your blog is really important. It can make a big difference in how much money you can make and how much your readers get out of your blog. With so many choices out there, deciding which ones to go with can be tricky.
This guide is here to make it easier for you. It will give you clear steps and helpful tips to choose affiliate programs that fit well with what your blog is about, what your readers like, and what you stand for.
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Understanding Affiliate Marketing
Before you start picking affiliate programs, it’s important to really understand what affiliate marketing is and how it works.
Basically, affiliate marketing is when you promote a product or service on your blog, and then you get paid a little bit every time someone buys something or does something because you recommended it.
It’s great for both the person selling the product and the blogger, because the seller gets more sales with low risk, and the blogger can make money from their blog.
How to Choose the Right Affiliate Programs for Your Blog
1. Assess Your Niche and Audience
The key to doing well in affiliate marketing starts with really knowing what your blog is about and who reads it. Consider the following:
- Your blog’s content: What topics do you cover? Ensure the products or services you promote are relevant.
- Your audience’s interests and needs: What solutions are they seeking? Choose affiliate programs that offer products or services that solve their problems or enhance their lives.
2. Research Potential Affiliate Programs
Once you know what your blog is about and what your readers want, start looking for affiliate programs. Choose ones that are well-known for good products, great customer service, and helpful support for affiliates. Resources to find these programs include:
- Affiliate networks like ShareASale, Commission Junction, and ClickBank.
- Direct searches for “[Your Niche] affiliate programs” in search engines.
- Recommendations from other bloggers in your niche.
3. Evaluate the Commission Structure
The commission structure is a critical factor to consider. Look for programs that offer competitive rates that make your efforts worthwhile. Consider:
- The percentage of commission per sale.
- Whether the program offers a flat rate per action (e.g., per sign-up).
- The cookie duration, which affects how long after a click you can earn commissions on sales.
4. Consider the Program’s Reputation and Sureness
Join affiliate programs with a solid reputation for quality and sureness. This not only ensures that you’re promoting good products but also that you’ll be paid on time. You can:
- Read reviews from other affiliates.
- Check the program’s history and background.
- Look for any complaints or issues reported online.
5. Analyze the Support and Resources Offered
A good affiliate program gives you things like ads to use, training on their products, and helpful managers. Having access to these resources can really help you do a better job at promoting their products.
6. Understand the Terms and Conditions
Before signing up, thoroughly review the program’s terms and conditions. Pay close attention to:
- Payment thresholds and methods.
- Any restrictions on how you can promote their products.
- The program’s policy on affiliate marketing on social media platforms.
7. Test the Product or Service
If possible, test the product or service before promoting it. This firsthand experience allows you to offer genuine charge and build trust with your audience.
8. Look for Recurring Commission Opportunities
Some affiliate programs pay you again and again for subscriptions or services that charge fees regularly. These can provide a more stable income compared to one-time sales commissions.
Implementing Your Choice
After choosing the best affiliate programs, the next step is to smoothly include your affiliate marketing in your content plan. This includes:
- Creating valuable content that naturally incorporates affiliate links.
- Disclosing your affiliate affairs transparently to maintain trust with your audience.
- Tracking your results to understand what works best for your audience and adjusting your strategy accordingly.
Picking the best affiliate programs for your blog involves careful planning, research, and making sure they match what your audience likes and needs.
If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers.
The real key to doing well with affiliate marketing isn’t just about the products you talk about, but also how much your audience trusts and values your advice.
With enough time, patience, and hard work, your blog can grow into a successful space that earns a good amount of affiliate money and helps your readers choose the right products.
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