Forex – A Snappy Way to Make Serious Bucks

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May 082023
 

$1.3 Trillion; Safe estimates peg it as the amount of currency that’s traded on the Forex every single day.

Trading on the Forex is one of the fastest growing income generating opportunities in the world. All it takes to start is a small investment (many dealers will start you off with as little as $250), and some knowledge of the world markets and of trading. Oh. And, according to those that do it every day and live off changing dollars to pounds to francs and back, some common sense, some practicality and a lot of faith are a big help.

Some background:

1. The market began in the 1970s with the introduction of free exchange rates and floating currencies. It’s the open market where the world’s currencies are exchanged and traded with few regulations. Because of the open nature of the market nearly anyone can trade and make money. The volume of trading and the enormous number of players make it almost impossible for any one trader to manipulate the market.

2. The market is open 24 hours a day, from Sunday evening to Friday evening, and there are always trades to be had. This makes it one of the most liquid and constantly moving markets in the world

3. While most transactions are made in lots of 100,000, marginal trading allows traders to start trading with an investment of as little as $250-500.

Marginal Trading- The Blockbuster Earner

Marginal trading simultaneously makes trading on the foreign exchange market so possibly profitable – a great risk. Trading on the margin is simply trading with borrowed capital. Depending on your dealer, you can purchase $100,000 worth of currency for as little as $500. If your trades are on target, you make a profit on the entire $100,000 lot – minus dealer commission, of course. If, on the other hand, your trade ends up losing you money, you could end up being liable for far more than the $500 you originally invested.

So that’s why one of the strongest bits of advice you’ll hear from most experienced forex traders is ‘Keep your eye on the margin’ – or even more strongly, ‘Don’t ever trade on the margin’.

Observe a few important tips to make quick money on the forex.

* Buy low, sell high. Yes, it’s a roadkill cliche, but there are many people who forget that the market runs in patterns of dips and rises. Keep your eye on the pattern and buy when the exchange rate dips, then sell when it peaks.

* Remember to cut your losses. No one, no matter what they tell you, runs a 100% profitable system. What they do have is the knowledge to get out of a trade before it goes further south. If you make a trade that decreases in value, decide ahead of time how much you can afford to lose. When you reach that low, sell. Don’t hang on ‘in case it turns around’.

*Understand the situation in the country whose currency you’re trading. The economy and politics of a country have a profound effect on the exchange rate of its currency. Keep your ear to the ground and be prepared to move based on what you hear – because everyone else will.

* Select a system that fits your lifestyle. System is what it’s all about, according to traders who make money in the market. A system helps you decide in advance exactly how much you can afford to lose, and set stop/sell or buy orders based on those figures. Pick a system, live your system, and don’t second-guess your system.

* Focus on the bottom line. Especially if you’re day trading, you’ll find that you lose at least as often as you win – but you can still come out ahead if you plan your strategy and system out in advance. By deciding in advance how much you can afford to lose in a trade, and when you should take your profits and cut them loose, you’ll make a profit even when most of your trades are losers.

* And remember remember remember to upgrade your knowledge before taking the forex leap.

Treat forex trading like a regular business. You can’t make money without knowledge, skills and a good attitude. Study, take notes and practice – then go out there and make some serious money.

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Starting a Business – What is a Business Plan?

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May 072023
 

So you’ve decided to start your own business – congratulations! It’s a huge leap from letting someone else take care of taxes, accounting, payroll, inventory, and/or a myriad of other activities necessary to run a business. However, running your own business has its advantages, too. You get to be your own boss, set your own hours and days to work, and are responsible for your own success. It can be a great way to free yourself from the tedium of 9-5 and work at doing what you love, but you have to begin by asking a few questions:

1. Are you doing what you love, or just doing something you’re good at? A desire to get away from the regular working world can be a good motivation to work for yourself, but you have to be excited to get up in the morning to do what it is you have chosen to do for a living.
2. What is it you are planning to do? What niche is it going to fill? Is there a need for what you can provide? Will the market bear another entry?
3. What technical skills or talents do you have? Just being able to do something may not be marketable enough to convince customers or financiers that you are a good financial investment.
4. Who are your competitors in your chosen profession and how are you going to do it better? Why should customers come to you? What do you have to offer that no one else does?

Once you are satisfied with the answers to these questions, it is time for the decision of what kind of business structure you will use. Will you be a sole proprietor, responsible for every facet and the penultimate authority as to how to run the business? Will you enter in with a partner, the better to share the cost and workload, but also the profits and the business decisions? Perhaps the decision will be made to incorporate, with its financial safeguards but more complex and costly structure? At this stage, legal advice is recommended, if only so that you fully understand the advantages and disadvantages of your chosen structuring plan. Many lawyers will provide a free or reduced-rate primary consultation, though often not more than an hour. When the structure is finalized, a name for the business should be decided upon, if not already having been done so in advance. It should be easy to remember, avoid initials and single letters (B & L & R, Inc. will be difficult to remember for customers) and try to say something about the business (Bob’s House of Hobbies is easier to remember and spell).

Next, a business plan is a vital step in laying out all these topics and proposals in a standardized format. A good business plan serves as a formal statement of the new company’s goals, financing, structure and legal considerations. It acts as a “resume” to prospective investors and is the primary documentation they will use to evaluate whether or not your business will be worth investing into. It also provides the proprietor(s) with a chance to see the workings of the new business in black and white. A basic business plan should at the least contain a balance sheet, income statement and statement of cash flow, as well as a proposed financial budget for the first year, or as long a period as necessary if a year is impractical.

So with these quick tips, plan for success, and good luck in your chosen endeavor!

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Selling your Business – Step by Step Process

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May 062023
 

So finally the time has come to sell the business. After investing years of your time and uncounted thousands of dollars, it has become successful, providing for your needs and wants, and it’s time to enjoy the fruits of your labor. Where do you start?

A good time to start thinking about selling a business is right after startup, when it shows signs of beginning to succeed and become self-sustaining. Even if you are planning on bequeathing it to your progeny or a partner, it’s never too early to think about what will happen afterwards.

The first step is to take your time–selling a business is a complex process and you will only do it once. Confidentiality is a necessity at this point, as word of an impending sale can cause repercussions among employees and business partners (suppliers, customers, etc.) alike.

Your position in the business is also a point to consider. If you are the sole proprietor, the decision is yours alone. However, if you are a partner or board member, selling your part of the business will involve more considerations.

Finding a good broker is worth any amount of time needed to locate one you are comfortable with. Check the Better Business Bureau for any investigation history, and get referrals from fellow business owners or from industry associations like the International Business Brokers Association (IBBA). This is a non-profit “trade association of business brokers providing education, conferences, professional designations and networking opportunities” (IBBA), as well as professional certifications and boasts over 1300 members.

Next, a professional appraiser should be consulted, as just like selling a home, a professional appraisal will give a fair value to begin negotiations with. Keep in mind though, an appraisal is an estimate of the fair value of a business’ hard assets, and the market value of the business may be higher or lower, as a business is only worth what someone else is willing to pay.

Determining major terms and price are issues that you are going to have to work out with your broker, but a few basic factors come into play: what do you want to get out of the sale? Continuing salary? Lump sum? Stock options? This is a step often overlooked until late in the negotiations, often to the detriment of the seller.

Financing the sale is usually about 90% left to the seller. If you can’t or won’t be willing to cover the costs of the sale, it may not be a good time to sell.

Once you and your broker have located a buyer and agreed on a price, a Letter of Intent is drafted. This letter outlines the terms and tentative price in a non-binding document and allows the buyer time to thoroughly investigate the business. This process is subject to Due Diligence, as the onus of discovery is placed upon the buyer and buyer’s agent.

After the discovery process is completed to both parties’ satisfaction, the Purchase Agreement is drafted. This set of paperwork creates a formal agreement between buyer and seller regarding purchase price, terms, and other legal details. Once the respective lawyers have finalized the details and complied with state law requirements regarding the sale, the Purchase Agreement is signed, closing documents finalized, and the sale is complete. If everything has gone well, it’s time to breathe a sigh of relief and start planning what to do with all that free time!

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The Ultimate Online Dating Software

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May 052023
 

So you have now signed up for online dating. Congratulations! We hope you have an absolutely great time on all your dates and hopefully find your perfect match.

Of course, in order to find your perfect mate you need to catch their attention. What can you do to make them want to get in touch with you? What can you possibly do that will make them feel that they absolutely must have a date with you as soon as possible? The answer: have a great online dating profile.

Most people create a profile that is just too plain. Others create online dating profiles that are just way, way over the top. Some are just so stiff they don’t you the least bit of justice at all. Writing these dating profiles can just seem so difficult. You tend to feel like you are blowing your own horn and feel a bit exposed.

The good news is that “locate dating” knows exactly how you feel and this is why they have come out with a tool to help you over this hurdle easily. This exciting tool is called the Online Dating Profile Generator. This profile editing software puts the fun back into online dating for you. You just need to be your natural interesting self and let the software do the work of creating an online dating profile customized to showcase you and your uniqueness.

There are so many people out there who would be great dates for you but until you can get the word out about who you are and what you love, you won’t connect with the. The Online Dating Profile Generator helps you to dump the problem of not knowing what to say or your shyness in writing about yourself. Think of the Online Dating Profile Generator as your best friend in high school who helped you get the date with the guy you most wanted to go to the prom with. It will help you express yourself easily and in your style.

Now you are probably thinking there has got to be a catch; it sounds too good to be true. We knew you might say that. Nothing this good could be possibly be free, right?

Wrong! The Online Dating Profile Generator is currently free. It won’t cost you a cent to get your very own custom made online dating profile. You just need to be among the first 1000 newsletter subscribers. Your wonderful personalized online dating profile is their gift to you. It is their way of saying thank you.

Of course, it will soon be for sale ($88). So what are you waiting for? Your dream date could log on tomorrow and you might just miss a great opportunity. Don’t just sit there; sign up now. You need to be ready to woo him or her with your fascinating customized online profile. Let the Online Dating Profile Generator help you bring Mr. or Ms. Right to your virtual doorstep. Of course what comes after that will be up to you!

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Articles Submitter and how you can build inbound links to your website with ease.

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May 042023
 

Weather you know or not, if you are looking for some serious SEO (search engine optimization) you have to know about submitting articles to directories, blogs, press releases, etc.

If you are familiar with writing articles and submitting it to the right place on the world wide web, then you know how much time does it take to start doing it and building your own directory of website to submit to. And you know how much time you have to take in order to obtain a reasonable result. Needless to say it is not an easy and fast task to do.

Well there is good news for all of us here doing SEO. I just came across this impressive software wich :

Helps to improve your search ranking (because of hundreds of quality backlinks that quickly add-up over time),

Gets your pages into the search engines quick ( because of search engine spiders pouring into your sites),

Establishes you as the expert ( and makes you “famous” in your market),

And sends you FREE targeted traffic from website owners and e-zine publishers who pick-up your articles.

Simply put the results articles provide means they are a “must have” part of everybodys promotion arsenal.

This is a new tool from Rod Beckwith and Jeff Alderson.

You may be familiar with some of the other tools under our belts, including Press Equalizer, Traffic Equalizer, Ad Word Analyzer, and many other tools that increase profits and save time for marketers, webmasters, or search engine experts like yourself!

Instant Article Submitter is an easy-to-download PC software you can run right on your computer.

It submits to the major directories (most with high page-rank) so you get maximum exposure without having to labor for days on end.

Instant Article Submitter, does this job and you can find out more by visiting its website at:

http://www.instantarticlesubmitter.com/?hop=albert007

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Cheap Cellular Phone: How Do You Find Them

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May 032023
 

The old conception that cellular phones are simply lavish toys is now dismissed by the growing need for it. Cellular phones have now become a very essential tool for everyone including parents who want to know where their kids are on a daily basis, business officers doing tasks more efficiently with multi-functional cell phones and even teenagers’ have a need for a cheap cellular phone.

Gone are the days when cell phones were toys to show off, they have now evolved to be a dire necessity. As a result, cellular phones of various models and designs now flood the marketplace. You have cell phones that can perform many differing functions and can be expensive but there are also those basic phones that can be had at a dirt cheap price.

Now, considering this great need and desire for cell phones, manufacturers have flooded the market with cheap cellular phone to high-tech cell phones. So if you are one of those that are well off enough and you can afford a high-tech cellular phone that’s great for you. But, if you desire or have a need for a cell mobile telephone but can’t afford high-tech cell phone prices, then you can get a cheap cellular phone.

Knowing what your needs are can help you find a cell phone with reasonable and adequate features. Keep in mind; you should never count upon a cheap cell phone to be able to achieve tasks of a high tech phone. Only being able to send and receive calls may be all a cheap cell phone can do which most presumably is all you need anyway.

Go out and visit your local electronics stores and look at the various models available and write down all the data about each model including price and features. Now, don’t ignore to also do searches on the internet for a cheap cellular phone and check out what’s available there and at what price with the features you are looking for.

With that in mind, when shopping for a cheap cell phone the most indispensable thing to check is the reception since this is the only thing it is good for, it has to work well enough for this basic function. There are some cheap cell phones available that also have the capability of sending and receiving text messages however, this most likely will be limited.

If you do spot a cheap cellular phone that has text messaging ability, it will most likely be better for you. Now sending and receiving internet communication may not be available for cheap cellular phones; in fact, in most cases you don’t need it as much anyway. But, if you do have a requirement to be able to send and receive messages in your cell phone from internet sites, then a cheap cellular phone is not going to be adequate for you.

Another method of getting a cheap cell phone if you can afford it is through a cellular phone plan that provides costless or very low cost cell phones. Almost all, if not all of the network companies offer introductory plans that will furnish either a free or very low cost cell phone and in most cases these come with reasonable and advanced features. Of course, not the high-tech cell phone features but definitely not very simple features like what you will find in cheap cell phones you can buy in stores or online. If you can find yourself a good deal from a cellular phone plan, you won’t have to be contented with a cheap phone.

After all, even as simple as buying a cell phone, you still need to do some research in order to get what will satisfy your needs without putting a restriction on your wallet. The deals are out there, you just have to look around a little bit to find them.

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The Message of Spiritual Reconnection

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May 022023
 

Who do you call when things go wrong?

I’m not much of a DIY guy. And this is odd because both my father and my brother are. And this has presented me with a problem.

You see my brother now lives in New Zealand and my father now 3 hours drive away. This means either: things don’t get done, I have to learn some DIY or I have to get someone in.

Honestly, I really don’t like any of the options. But then a few weeks ago my partner, bless her, said, ‘Since your dream home’s a farm, don’t you think you’ll need some DIY skills for all those extra jobs on that big property?’

Of course she’s right. On a bigger property there is bound to be more DIY to do. And it was then next that I sliced through an electric cable in the garden. And a little later that I got the the electric hedge cutter lead trapped. When I pulled it free a wire came lose from the casing.

That day that I received an offer from best-selling author. In this offer he talks about the school of life. And it didn’t take me long to work this situation out. The universe was sending me two messages. One spiritual (being cut off from the power source – I’ve not been meditating due to too many meetings and tight deadlines), one physical, the need to get connected to being the person I need to be so the universe can effortlessly bring forth the things I most want to come about.

It was on a scorching afternoon when I pulled myself together and headed around to my neighbour, a former farmer and a dab-hand at DIY.

In the shade of his house, we chatted away for several hours. Listening to him talk about his experience as a farmer, as a landlord and about some of his experiences of DIY. And by the time I left him, I not only felt more connected, but had learnt how to reconnect the wires so they could carry the power.

The Dali Lama was once asked. ‘How long he meditated for each day. His reply was about four hours. He was then asked how often he meditated on busy days and his reply was a shock. ‘Twice as much.’

Staying connected to the Source or power supply is important. You can do this by meditating, or you could go for a walk in the countryside, play full out with your kids or make love to your partner. It doesn’t matter which you choose. They are all spiritual experiences that can reconnect you.

Enjoy!
Neil

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Stand Up – Stand Out: 12 Ways to Get Your Prospects to Call You Back

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May 012023
 

No matter how persuasive, compelling or brilliant you may be, it’s difficult to build a relationship with a prospect if you can’t get them to call you back.

Most sales people use boring, outdated voice and email methods, which leave them sounding just like every other sales person in the world. If you want to get more return calls from your clients, then you have to do something different from everyone else out there – you have to stand out, be likeable, and actively deserve a return call.

Here are 12 of the best ideas we’ve found to help you stand up, stand out and make your clients want to return your calls:

1. The fine line between persistence and stalking.
I rarely ever give up. That being said, I don’t call my prospects twice a day, either.

The trick is to call consistently, and if you leave a message, tell the customer precisely when you will call them back – and then stick to it. I usually say something like: “If I don’t hear from you by March 15th, I’ll call you back on the 16th.” I get return calls more often, because my prospects know that I will be calling them if they don’t get in touch with me.

Most experts agree that it takes at least 4 attempts to reach your prospect. Realistically, I find that number can be closer to 8. But some of my best customers today are those who I was initially the most patient with, and to whom I made multiple calls over a period of weeks, or even months.

2. Let them off the hook.
In a voice or email, it’s a great idea to tell a prospect that’s its OK for them to say no.

Say something like: “If you’ve chosen to go with a different product, that’s okay. Just let me know so I don’t become a follow-up pest.” The vast majority of the time, one of two things will happen – they’ll either call you back and say, yes, we’ve chosen someone else, or they’ll say no, we haven’t made a decision yet, and apologize for not getting back to you sooner.

Either way, you’re ahead of the game because now you know the truth about what’s going on.

3. Send a handwritten note.
Sending a handwritten note after your first sales call or presentation will dramatically increase your chances of getting a return call. Why? Because a handwritten note increases your likeability, helps make the prospect feel good about you and encourages them to take your calls.

I never cease to be amazed at the number of emails I receive from clients and prospects thanking me for my handwritten notes. Obviously, they have an effect on people that yet another voice or email doesn’t.

4. Put them on auto-drip.
If you’ve tried everything you can think of and still can’t seem to get through, but you aren’t quite ready to give up entirely, put the prospect on auto-drip, and send them something interesting and of value (not simply advertisements) every month or quarter. This will help to keep you top of mind for when the time is right for them to make a decision, or go looking for a supplier. For more tips on how to stay in touch without straying into stalking territory, check out our article, The Fine Line Between Persistence – and Stalking! www.engageselling.com/persistenceandstalking/index.htm

5. Ask if they’re okay.
This is an excellent idea from Engage client Michael Freer, who uses it in both voice and email to drum up a response from clients who have unexpectedly gone silent:

Dear Bob;

On the XXth of June, I sent you an email asking for… and as I haven’t heard from you, I can only assume one of the following:

1) You’re now not interested and I’m reduced to the status of an annoying piece of spam clogging up your email; or

2) You desperately want to contact me, but you’re trapped under a fallen filing cabinet and can’t reach your phone or PC.

Your guidance would be greatly appreciated.

Kind regards,

Michael Freer

P.S. If it is #2, please let me know and I’ll send someone round to help you out.

This very simple approach works because it’s different and fun. We tried it, and received almost immediate responses from previously silent contacts, many of whom started off by apologizing, saying that they’ve been buried in work and then going into great detail about why they were still interested. The ones who don’t respond are either on a really long vacation, or really aren’t interested, so it isn’t worth wasting any more time on them anyway.

On a happy note, we never did get any responses from prospects who were indeed trapped under their filing cabinets, saving us the difficulty and expense of organizing a costly rescue mission!

6. Create a deadline.
After every conversation, you should gain agreement from the prospect as to next steps, and the date they will be accomplished. That way, when the time for the follow-up call comes around and the prospect doesn’t show up, you can leave a message like: “I’m calling because the last time we spoke, we agreed to chat today about….”

Reminding them of your agreement will help move them to call you back. If they don’t return your call in a couple of days, keep calling, and gently remind them of your mutual agreement.

7. Keep track of who hasn’t answered.
Document each call or email in your CRM, so you can remember when you last spoke with, left a message for or sent an email to a client. You can then bring up those dates in a subsequent message, such as: “When we last emailed on Feb 1st, we agreed that I would…”

8. Separate the facts from your imagination.
Try to find out what’s really going on, rather than what you simply think or assume is happening. The following 3-step voice mail strategy works because it increases your chances of getting a return call, and it always gets you to the truth:

VOICE MAIL #1: “Mr. X, this is John Doe from ABC Company. Paul Smith suggested I call you because… Sorry I missed you today, but I’ll try to reach you again on DATE and TIME.”

Make sure your tone is soft, non-threatening and friendly. You don’t want to sound like a radio ad for a furniture liquidator. Plus, it’s critical that you do call back on the date and time that you say.

VOICE MAIL #2: “Hi Mr. X, this is John Doe from ABC Company calling because I promised to reach you today at TIME. Sorry I missed you. Paul Smith suggested I call you because… I’ll try you again on DATE and TIME.”

Again, it’s critical that you call back exactly when you said you would. Anything else would result in your being less than honest, and risk losing your contact’s confidence.

VOICE MAIL #3: “Hi Mr. X, this is John Doe at ABC Company calling, because I promised to reach you today at TIME. Sorry I missed you. I notice that you’ve been difficult to reach and I’m wondering if that’s because you’re swamped at work, you aren’t interested in doing business with my company or I’ve been wrong at guessing the times you might be at your desk. Any of these is okay, but if you wouldn’t mind letting me know how to proceed, that would be great. I promised Paul Smith I would be in touch with you, and that I would get back to him about our conversation. My number is 613 730-7700, extension 111.”

The last reason for not reaching the prospect – that you’ve been wrong at guessing the times he or she might be at his or her desk – is important because it lets you take ownership of the reason you can’t reach the customer. You can change the other two reasons based on your specific sales situation – for example, if this was a follow-up call after sending a proposal, you might say: “I’m wondering if that’s because you didn’t have a chance to see the proposal, you were unhappy with the pricing I sent or I’ve been wrong at guessing the times you might be at your desk.”

9. Call early or late in the day.
One of the ways I follow up with senior-level decision makers is to call either quite early in the morning (say around 7:30am) or late in the day (after 5pm), without leaving a message if I don’t get a person. I’ve found that, by calling at these times, the decision makers are often alone in the office without a gatekeeper, and therefore more likely to pick up calls themselves.

10. Change your media.
If a prospect hasn’t responded to an email you sent within 5 business days, call to ask them if they received it. Likewise, if they haven’t responded to a phone call, send them an email.

Everyone has their own preferred way to communicate. Your job is to find out which communication tool is easier for the prospect. One Engage client specifically tells customers on her voice mail messages that she’ll be sending them an email as well in case that is better for them, and in her emails, she lets them know that she’ll be calling in case that works better. This not only increases your chances of reaching the prospect, but also shows them that you’re putting their interests first.

11. Prepare for the “Final Approach.”
Whether in voice or email, when you’re ready to permanently write an uncommunicative prospect off, let the customer know that this will be the final attempt you’ll be making to reach them. Try something like:

“I notice that it’s been X weeks since we last spoke, and I’m assuming that’s because you are no longer interested in our product. That’s OK, I understand that we are not a fit for everyone. The last thing I want is to become a follow-up pest! If you’re still interested, you can reach me at 111-1111. If I don’t hear from you, then I’ll assume that you are moving ahead in a different direction, and I won’t call again to interrupt. I wish you all the best on your project, and thank you for considering us.”

12. Have some fun – and take a risk!
Engage customer Greg Higgins uses this approach with great results:

“Hi Bob, this is Greg from ABC Corporation. I’m beginning to feel that we have a love-hate relationship with your answering machine – I love to leave messages, you hate to return them. Maybe we can talk soon. Thanks.”

Yes, it’s sassy. But Greg reports that 99% of the time he uses this, he gets a call back. And of course, he only uses this approach on the most desperate cases.

Here’s your challenge: try something new this week! After all, what you’ve been doing so far hasn’t been working, so what have you got to lose – especially with those prospects who’ve been silent for a while anyway?

For more great sales tips, articles, resources – please visit: www.engageselling.com
or our Selling University at: www.engage-u.com

Try out our Lead-Up Mentoring Coaching Program for free for 60 days at: www.lead-up.com

Become part of our Sales Community by signing up for our bi-weekly e-zine, Engaging Ideas, at: www.engagingideasonline.com

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