I just wanted to share this video with you. This man runs a store called Soda Pop Stop. All they sell is carbonated soda of different types. Colas and Rootbeers of course, but then cucumber soda? Rose pedal and coffee sodas? He’s got them!
Plenty of variety in the sodas. Plenty of passion in the entrepreneur.
I seem to be much better at picking and buying stocks than I do at selling them. The number one reason for this is because I often forget to sell on the gains. But if I could always call the tops and bottoms of every stock than ranking with investing legends would be a snap.
Where will the market top? Where will it bottom? Buying after a correction or after a company has a rough week is easy. Learning to sell right before one happens is the real trick.
So If I’m not claiming to be a great investor what exactly do I need to be doing to get there? One thing that I need to work on is determining my selling point and timeframe BEFORE I buy the stock.
From there it is a matter of sticking to your guns and selling when you have hit the mark. Of course if significant news come out you will need to re-evaluate where you are going.
If I would have been following my own advice here within the past month I would have been able to sell off one of my stocks at my price, right below the top. Now I have lost much of the gains that could be out growing in another investment.
Well, I have learned quite a bit from this, and hopefully that will make me a better investor in the future. I suppose only time will tell.
What lessons have you learned in bear markets?
Prepare to be bombarded with Christmas sales, decorations, endless stress, and other holiday cheer. Even though Halloween is still fresh on the mind, you need to think about the coming holidays. Of course if you run a retail shop of any kind, then you probably already have.
What kind of sales are you going to have? What products are you going to promote? How will people who don’t already know about you find out? Will you have enough of the hot products in stock?
Christmas is coming quickly, and you will need to take care of any preparations right away, because once the holiday spirit comes and everyone begins thinking about the Holidays, it might be too late!
It’s easy to anticipate the holidays equating to more traffic, more customers, and of course more sales. If you haven’t already begun your holiday campaign, you have a bit of catch up, because you can bet your competitors already have!
If you are in a business where you need to ship, get the materials to ship. If you are in the service industry, get any extra help you might need. If holidays even remotely matter to your business, then get ready.
I ran into this little post over at Medallia Blog a few months back and wanted to share the idea with you. A large pharmacy company wanted to tap into the market for aspirin in the middle east. The problem was that many of the people are illiterate so using words is out if they want to go for the maximum amount of people being able to understand the ad.
What they did was place this on many billboards…
After running the campaign for a few weeks, the advertising had no effect whatsoever. After a bit of market research, (Also known as asking people!) the problem dawned on them. Arabic is read from right to left, so the pictures were being read in the wrong order making it look like the medicine actually causes the discomfort.