Building your internet millionaire e-business

NOW IT’S TIME for you to get going—here are practical and specific steps you can take to start your new e-business.

Remember, although the technology may seem intimidating at first, I’ll explain everything in detail so that you can see how easy to use it has become in recent years. More important than any technology is you. It is your creative new business idea that contributes the crucial value to transform lifeless software into a vibrant new million-dollar

e-business.

The Outsourcing Revolution

Technology makes today’s entrepreneurs more powerful than any generation of entrepreneurs in history. Today, from your home you can log on to the Internet and build e-commerce storefronts, stock them with goods, market to millions of people, and build profitable business relationships worldwide.

Furthermore, using the software and services offered by others to build your business lowers your overhead costs and allows you take advantage of millions of dollars worth of software and technology expertise.

This process is called outsourcing, and the easy-to-use software service you use to do it are available from application service providers (ASPs).

Technical analysis is appointed to analyze market movement (the movement of prices, volumes and open interests) using the information obtained for a past time. Mainly, it is the chart study of past behavior of currencies prices in order to forecast their future performance. It is one of the most significant tools available for the forecasting of financial markets. Such analysis has been an increasingly utilized forecasting tool over the last two centuries.
The main strength of technical analysis is the flexibility with regard to the underlying instrument, regarding the markets and regarding the time frame. A trader who deals several currencies but specializes in one may easily apply the same technical expertise to trading another currency. A trader who specializes in spot trading can make a smooth transition to dealing currency futures by using chart studies, because the same technical principles apply over and over again, regardless of the market. Finally, different players have different trading styles, objectives, and time frames.

Starting

Assuming that you already have your own ideas, or that you have used chapters 1 through 8 to determine the products/services you want to sell, here are the seven specific initial steps that successful entrepreneurs take when launching a new e-business.

1. Domain name selection

2. Choosing a website hosting company

3. Website design and construction

4. Copywriting

5. Optimizing

6. Marketing

7. Operations

A DOMAIN NAME is the part of your website address between the “www” and the “.com” or “.net” ending.

Domains are also often referred to as URLs (pronounced either as “you, are, ell” or simply as “earl”). It stands for “universal resource locator,” which is the technical name for the full address of a website.

Your domain name should match your business’s brand name as closely as possible. Whether you choose to include the “.com” extension in your advertising graphics or not, the basic branding of your business should tie your products and business name and domain name (URL) tightly together. This will help consumers recognize and remember your company better and also reduce customer service confusion later.

Most short and obvious domain names have been taken due to the explosive growth of the World Wide Web in the past ten years. Don’t be discouraged, however! There are still many good URLs left if you are a bit creative.

URL Brainstorm

The method that I recommend to find a suitable domain name involves brainstorming lists of keywords associated with your products or services.

Try the following six steps to generate your own URLs:

1. Mentally review the business you are proposing to build.

2. Start a list with three columns in your Millionaire Idea Journal (or create a document in Microsoft Word).

3. Fill the first column with nouns associated with your business’s products or services. You should think of as many nouns as you can, using your imagination to come up with different ways of expressing the primary service that your business offers.

4. The second column should be a list of adjectives that can be used to describe the nouns in your first column.

5. The third column should be additional descriptors that can modify the phrase you create from the keywords in the first two columns. Most useful are possessives or nouns that suggest that your website is a retail space.

6. Try combining the nouns and adjectives from the different columns to create different URLs.

The results of this word combination exercise can be a wide variety of potentially useful URLs for your new business. For example, Quality Shoes.com, MyItalianLoafers.com, YourFashionFootwear.com, and Discount SandalStore.com all have much higher probability of being available to you than Shoes.com. They are also more memorable for your customers. If necessary, use a thesaurus to help find synonyms for words you like.

Foreign Exchange

Accumulation swing index (ASI) An oscillator based on the swing index (SI.) A buying signal is generated when the daily high exceeds the previous SI significant high, and a selling signal occurs when the daily low dips under the significant SI low.
American style currency option An option that may be exercised at any valid business date throughout the life of the option.
Arbitrage A risk-free type of trading in which the same instrument is bought and sold simultaneously in two different markets in order to cash in on the divergence between the two markets.
Ascending triangle A triangle continuation formation with a flat upper trendline and a bottom sloping upward trendline. (See Triangle.)
Ascending triple top A bullish point-and-figure chart formation that suggests that the currency is likely to break a resistance line the third time it reaches it. Each new top is higher than the previous one.
Atekubi A bearish two-day candlestick combination. It consists of a blank bar that closes at the daily high; the current closing price equals the previous day's low. The original day's range is a long black bar.
At par forward spread Forward price is zero; therefore, the spot price is similar to the forward price. It reflects the fact that the foreign
interest rate is similar to the U.S. interest rate for that particular period.
At-the-money (ATM) option An option whose present currency price is approximately equal to the strike price.