1 USD in Rub

If you are interested in using your poker knowledge of EV and standard deviation to earn an edge in the currency markets go to 1 USD in Rub now.

What is the PERFECT Internet Business?

An internet business is a business that offers products or services on the internet. Potential buyers enter your site then purchase your products online instead of from an actual physical location. The main differences between online and off line marketing is that the former is typically easier, quicker, and dramatically more cost effective.

The best form of internet business for someone who wants to create the highest possible income relative to the amount of investment in both time and money is one that is based on selling information. An information-based business is one in which you sell e-books, downloadable software, membership and service-based sites, and so forth.

The two core business models of internet business for you are:

1) You are the merchant or author selling a product (ebook, software) that you have created.

2) You are the affiliate. That is, you are selling a product that was created by someone else.

You do not need to have your own product to go into business online. You can sell someone else's products and can earn as much as 75% of the sale from these products without having to worry about inventory, delivery, payment processing and other things. You can make money simply by putting a link to products that you are affiliated with on your website and when someone clicks on those links and makes a purchase you get a good "piece of the action" form that transaction.

Of course, you can also create your own products and sell those too. If you are a poker pro you probably know that QUALITY poker ebooks of between 40 to 80 pages sell for as much as $800 when the author could show proof that he is a winner in online play. If you are confident in your knowledge and have a verifiable winning track record to prove it, I highly recommend this system of writing AND FINISHING ebooks:

http://www.process-analysis-essay.com/

But you really don't need to make your own product or write your own ebook if all you want to

do is make passive income online. You can just sell information products made by others.

Floor Plan Software is available here.

Buy your Chef Jacket here if you are a cook!

Expected Value

Expected Value (or EV) is the amount any form of financial risk (a bet, a raise, a call in poker; an investment in business) will win or lose in the long run. For example, if you 're making bets on a coin flip with someone and you win $1 if it lands heads and lose $1 if it comes tails your EV is exactly Zero. But let's say someone is stupid enough to bet you $2 for your $1 on the same even money bet. In this case, your EV on this particular bet is 50 cents. That's because you will be winning one bet for every bet that you lose (coins are a 50/50 bet). You win $2 the first bet then lose $1 on the second bet. You win a theoretical 50 cents per bet overall. If you're the one betting $2 to someone's $1 in an even money bet, then you will have negative EV.

Your objective as a poker player and business person is to seek out positive EV bets and do your best to make only those bets and investments that have positive EV.

Take the Google Adwords program. This is the advertising feature of Google wherein they charge you a certain amount each time somebody clicks on your ad on their search engine results page. Let's say that you will make $20 each time someone buys the ebook that you have on sale on your site and Google charges your Adwords account 20 cents per click.

If you can convert only 1 out of 200 visitors your EV per click/bet on your Adwords ads would be negative 10 cents. That is, you lose 10 cents in the long run each time someone clicks on your paid Google ads. If, on the other hand, you can get 1 out of 50 of the site visitors that clicked through your Google ads to buy then your EV per click/bet would be very positive. That's because you paid much less per click than the value that each click bought for you.

Lesson: Keep EV in mind each time you spend money on a website, an ad, an application that you use in your online business. If it's positive EV, bet or raise. If it's negative EV, fold.

Are You Aware What is Required In An Internet Home Business?

Having a home based business opportunity has such a strong appeal that if you were to search for home business on the internet you find thousands of websites. It is actually possible to find every sort of opportunity imaginable from being a customer service agent to becoming a professional home stager. No matter your race, gender, culture or religion, the internet does not discriminate and you can find something that would suit you personally. At the end of the day, it just comes down to knowing what it is that you want!

Your first obstacle in the search for an internet home business is finding an interest. Once you have overcome this obstacle it is all about asking yourself various questions about what you are looking to achieve with this business. Asking questions about how much time you can spend on growing it, conflicts with your schedule, personal agenda or caring for your children? Once you fully comprehend these aspects, it is time to move into other areas of the business. Get familiar with tools that you will be utilizing during your internet career. Get a computer or laptop, an internet connection, and somewhere to work in peace.

Do you understand all that needs to be done, or should you be taking courses online at the same time in order to learn what to do? Many of the home based opportunities that you can do via the
internet will offer various courses that you can do in your own time as well as possible phone contact with a mentor who is experienced in this business. Let us not forget the possibility of learning online via books from your local library to increase overall knowledge of business in general.

Make sure you understand the income potential of what you choose to do. Will ends meet in your household once you undertake this path? As a general rule, it is important to save for three months to assist you in your everyday expenses and other basic needs. Try not to put yourself in situations where you can fall behind on payments or have to live of one dollar noodles for a month!

It is only once you have fully understood the requirement of your internet opportunity, and once the precautions have been made to begin your business in a well planned and thought out process, that you will find that you are prepared. You will experience the joys of earning from the comfort of your home and being truly independent from the hassles of an employer. Your time would be your own to manage, and you will comfort knowing that you do not need to sacrifice time with your family to pursue an indefinite future.

By following these outlined suggestions you can prevent otherwise unforeseen circumstances concerning your pay, your overall satisfaction and the like. Poor planning of the business has been attributed to the statistically 90% failure of home businesses in their first year. Preparing for the journey before you begin however is the simple solution and knowing what you know now, you can put your best foot forward and make the leap.

About The Author:

Muneer Al-Busaidi is a successful internet marketer and has found success with Success University. Learn more about this AS SEEN ON TV opportunity and development program by visiting: http://www.MoneyTimeSecurity.com

Time Management Advice for Full-Time Poker Pros

Take yourself away from the "have to" mindset. This is the mentality in which you say to yourself, "I have to play 5 hours today to reach my 40 hrs per week goal." I found out, through my own experience, that this practice is very de-motivating. It caused me to burn out and feel that playing was no longer fun. It made me feel like a 9 to 5 employee which is what we poker players don't want in the first place.

Learn to think positive. Have a balanced life. And play poker when you choose to not when you have to. Say, "I choose to play 5 hours today", not, "I have to play 5 hours today". Don't worry. If you think positive and have a balanced life, you will LOVE to play. And when this happens, you will tend to play well and therefore maximize your hourly EV.

Business Plan for an Online Business

Over the past twenty years, I have owned several businesses. In my experience, an online business is the best small business that kids and families can start together. When compared to traditional business (like retail or service industries), online businesses offer several advantages:

-You don't need to go into debt to get started. You don't have to go into debt to create a powerful online business. Debt is the main reason that most American businesses fail - a perfect reason to avoid it!

-You can start small. You don't need ten employees and a huge office/warehouse complex. Everything you need is at your fingertips.

-Teach your kids entrepreneurial skills. There are plenty of small businesses that kids can start, and the whole family can get involved. It's a great way to learn business skills and teamwork, while building a strong bond with your family!

-You don't need much capital. Family businesses are inexpensive to set up, and offer great rewards.

-Spend as much, or as little, time as you want on your business. It's up to you.

-Earn money, even while you sleep! Your online business is open 24/7, no matter where you are.

-Small risk, huge rewards. Since you're not investing a lot of cash, the risks are minimal. And with a bit of care and attention, you can make amazing profits with your online business.

Use this business plan for online business to discover your niche. There are dozens of advantages to starting an online business. We'll offer you the information you need to make it all happen.

A disclaimer - I'm not talking about connecting with some huge multi-level marketing scheme. This is about YOU starting YOUR OWN business, one that will succeed because of YOUR efforts. Stay tuned for more articles that will help you develop your business for maximum profits.

About the Author:

© Copyright 2008 Stephen Beck

Stephen Beck teaches you how to write an ebook
http://www.8weekstoprofits.com and Create a "cash on demand" online business by watching his free video about information marketing products
http://www.8weekstoprofits.com.

Affiliate Income

Let me tell ya a story 'bout a man named Ned (Ned?)

Worked in a office, barely kept his family fed!

Then one night as he ate crackers in bed,

His wife said "I saw something today that stuck in my head.

Have you heard about 'affiliate income', Ned?" (I disclaim any rumors that I'm a poet!)

The next day, Ned joined Clickbank and made $60,000.00 in 30 days.

Pretty impressive, huh? Then Ned woke up!

Can you make that kind of Affiliate Income? Yes, you can. Could Ned? No. Not at that time. You can make that kind of money, but only learning the business, experimenting, and building
contacts. When you see these fantastic claims of people making a fortune in a day, believe me, it took that person months, or even, years to progress to the point of making that day possible!

This doesn't mean that you can't make money right away, but to make thousands per month will take some nurturing. Is it worth the effort? It is to me. Think about it. How are you going to
spend your spare time for the next two years? Playing Video Games and watching TV?

Why not make learning the business of earning an affiliate income your hobby instead? Build your business on a solid foundation, until you can quit your day job. Then you can spend the rest of your life playing Video Games with your kids (or grandkids), backyard barbecues with family and friends, boating on the lake with the family, hunting with your son, shopping with your daughter, traveling... whatever makes your heart sing!

The point is, don't wait until a financial downturn makes you desperate to earn money now. It's unlikely to happen. Take your time and learn all that you can. There are many free ebooks that
will teach you how to earn an affiliate income. Read a variety of them and get a feel for what's available out there. Marketers give away valuable and informative material all the time. It builds trust and confidence in their subscribers, and there are usually links to their "backend" products. This is called "viral marketing" and it can be applied to affiliate products as well
as original creations.

Another good way to learn about the world of affiliate marketing is to buy from the experts. If you have a little money to invest (it won't take much), you can purchase e-books like Ewen Chia's "Autopilot Profits", or his "Affiliate of the Month". Both of these programs can be used to earn affiliate income, but the main point is that they are excellent guides to affiliate marketing. See the links at the end of this article.

Ewen is known as the world's top Affiliate Marketer and I can personally attest to the quality of information presented.

There are several different types of affiliate opportunities. Clickbank is one, as I mentioned earlier. Others come in the form of Membership Sites that enable you to refer other members, as well as to promote their products.

The great thing about starting your online business with an affiliate income is that you don't have to build an "infrastructure" to make money. In other words, you don't need to have a website or sales system! You are assigned an "affiliate URL" containing your User ID. You can use this in your email or forum signature files, free classified ads, blogs, articles, etc. It directs your prospects to the owner's sales page, and when they buy, you get a hefty commission! The down side is, the owner gets the prospect for future offers, instead of you.

So once you've made some money, it's a good idea to set up your own "capture page" and subscribe loan auto-responder service. That way, you get the prospect's contact info first. Then you can e-mail them when you have future affiliate income opportunities!

Above all, BUILD RELATIONSHIPS. Subscribe to forums, not only in the niche of internet or affiliate marketing, but ones that relate to a subject that you are interested in. Hunting,
fishing, shopping, sewing, birdwatching, whatever you like. Use your signature file, but don't worry about sales. You are making friends for the future. At some point, you will move your focus from the area of "internet marketing, to that of "niche marketing". You can find informational products, as well as merchandise and software related to your areas of interest. When you do, you will have a ready-made clientèle to kick-start your affiliate income business!

Another (and free) way to educate yourself is by joining JV giveaways. There is almost always one in progress. If you aren't receiving emails from everybody out there by that time, again,
just do a Google search. If you're not familiar with JV Givaways, they are events put on by the "gurus" for a variety of reasons. One is the potential for "backend sales" through links
in the books or OTO's (One Time Offers) on the download page for the free item. The main reason, though, is to increase the size of their prospects lists.

The items they giveaway are generally good quality, because they agree to present items that have never been given away free before.

To summarize, the time to begin an affiliate income business is now, not when you are desperate for cash. Educate yourself first so that you have a good overview of the business. While you are doing that, join forums and create relationships. When you are ready, join clickbank, pick one product and concentrate on promoting it. Then learn while you earn by purchasing more detailed informational products written by successful marketers. If you can implement even a few of the strategies that they will teach you, and you will succeed.

But be patient. Ned can't build his business in a month, and it's unlikely that you will either. But the rewards for perserverance and taking the time to do it right will be well worth the journey!

About The Author:

Judson Lassiter is the owner of IM Profit Center. He recommends Ewen Chia's "AutoPilot Profits" and "Affiliate of the Month" for a quick course in modern affiliate marketing.http://www.IMProfitCenter.com
http://www.affiliateofthemonth.com/go.php?offer=jl1954&pid=2
http://www.autopilotprofits.com/?hop=1954

Peter Drucker on Marketing

"I am a merchant. I do not sell. I buy for my customers. If I buy right I don't have to sell anything."

Affiliate and Home Business Marketing That Creates Excitement

Marketing your affiliate products or home based business can be very exciting and extremely lucrative if done correctly, but it can also be a disheartening experience if you take all the time to set up a website that you are proud of, and no business makes its way to your masterpiece. I will highlight some of the biggest downfalls and also some of the best routes to follow which can mean the difference between a total disaster of your online business or an exhilarating success.

One of the most frequent occurring pitfalls amongst newcomers is to create a website with a lot of banners or affiliate links on various different products in the hope that somebody interested in those products will magically arrive at your site and buy them. Chances that somebody is going to buy a product other than what they are looking for at that moment are very slim. The answer lies in creating a website on a specific subject in the form of a content page, blog or even a sales page. More sales can be accomplished by selling affiliate products related to the content presented on the site. In this way you are attracting a more targeted audience as they are
already interested in the subject and thus more interested in the related products. And Hey Presto, you've got a recipe for success as this greatly enhances the chances of them buying through your affiliate links.

Another advantage of narrowing your site content down to a specific subject is that you can target it with related keywords for search engine optimization, pay per click advertising and article marketing. Although these marketing methods are all subjects outside the scope of this article, it should not be taken lightly as they can vastly increase your traffic and sales by sending targeted traffic through your affiliate links.

You should also not ignore the power of an email list. You can build an email list by offering a free gift or news letter, for example, as an incentive for a person to subscribe to your list. Having a large subscriber data base can be very rewarding, in fact you can actually create income at will. If a new product hits the market that you are promoting as an affiliate and you have a list of a few thousand members or more that you can broadcast to, only a small percentage needs to buy for you to make a pretty decent profit.

One more thing to consider is the type of affiliate links you are using. In my experience text links within the contents of your website creates a better click through rate than banners. A few banners here and there are acceptable, but people are so used to being drowned in banner advertising that they tend to ignore them. I suggest that you rather create an interesting
article or a good story related to the product you are selling, with affiliate text links embedded inside. This once more increases your chances of making sales.

Take some time to read up more on the different marketing methods I mentioned and remember to cater for a targeted audience. These methods can be very useful in any home based business or affiliate product that you might want to promote. If you are serious about your business and consistently do a little every day, you are prone to succeed.

About The Author:

Thinus de Villiers specializes in the research of Home Based Business, Affiliate Programs and
Marketing Methods on the bases of Product Quality, Compensation Plan, Backup Support, Legitimacy and also whether a good Co-op Advertising Campaign is in place, which can really automate your business on line. To learn more visit:http://www.EduProView.com

The Poker Businessman Hall of Fame

It is a great honor to induct into the Poker Businessman Hall of Fame the following entrepreneurial poker players:

Lyle Berman

Bobby Baldwin

Mason Malmuth

Jack Binion

Congratulations for being the first members of the Poker Businessman Hall of Fame!