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Message #1887
Wednesday, November 15, 2006

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  • WEALTHY: Dave Lindahl's #1 marketing method (Justin Ford)
  • WISE: Warren Rudman on paying attention

ALSO IN THIS ISSUE:

  • Add "plangent" to your vocabulary

* Highly Recommended *

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- Patrick Coffey


ETR Insider Report: The Quickest Way to Get Rich in Real Estate? Stop Looking for Properties

By Justin Ford

Reporting From Dave Lindahl's Apartment House Riches Conference in San Diego

The quickest way to build up a cash war chest from real estate isn't to look for deals. It's to have the deals come looking for you.

Deal flow is the key. And marketing is the key to deal flow. Concentrate on finding motivated sellers, and let them bring you the deals.

When you learn how to market effectively in real estate, you'll see more qualified deals before your competition does. And since each deal can be worth tens or hundreds of thousands of dollars, it soon becomes easy to afford a few hundred or even a few thousand dollars a month to start steering even more deals your way.

And yet, you can start with a marketing budget that's very close to zero ... and you'll still pull in the deals. On Day 4 of his Apartment House Riches Conference, Dave Lindahl showed us how he continues to do it.

Dave has something he calls the "Chunker Strategy." Even though he's now buying apartment houses with 200 units and up, he has a system where he still buys undervalued residential properties (one to four units). Then he takes the "chunks" of cash he gets from those smaller deals and rolls them into larger apartment house deals (often leapfrogging the tax man in the process, thanks to a 1031 Like-Kind Exchange).

To find under-market deals, he uses various techniques, including "Ant Farms" (paying people to bring you photos and addresses of vacant properties), Bandit Signs (the famous "We Buy Houses" signs, but with a few twists), classified ads, and working with realtors to get their "pocket listings" (new for-sale listings before they go on the multiple listing service).

Dave detailed each of these techniques for us. But his top marketing method remains direct mail - sales letters to motivated sellers far beyond the over-mailed "pre-foreclosure" lists.

Dave also finds motivated sellers among lists of properties with code violations, in lists at the county tax assessor of out-of-state and out-of-area owners, and in court lists of landlords who have recently evicted tenants.

The key point we took away from this session with the Master Investor is that you'll never do a large numbeer of real estate deals until you learn to market. You have to find the leads to get the deeds.

[Ed. Note: Today is the last day to learn Dave Lindahl's most successful real estate investing strategies and techniques at an incredible savings. Click here:]


"We tend to pay attention to that which is the most current on our radar screen."

- Warren Rudman

Create a "Moving" Experience for Your Customers

By Robert W. Bly

As a die-hard copywriter and word fanatic, I'd like to believe that we can always sell a product or service with copy alone. But the fact is, you can often engage your prospective customers more fully by creating something that physically moves.

For example, when I was at Westinghouse, we were developing a new firing system for U.S. Army tanks. Our competitors were doing the same - and, of course, only one defense contractor would win the contract.

In those days, defense projects had both an official name and a catchy nickname. The official name for our firing system was DIVAD (Division Air Defense gun). Its nickname was "the Gunfighter."

The Gunfighter was to be our featured product at an upcoming defense trade show, and my boss was looking for a way to call attention to it ... and draw prospects to our booth.

His solution: Hire a quick-draw gunslinger to put on a shooting exhibition.

Again, my fading memory fails me. I can't recollect how we pulled off such a thing at a crowded indoor trade show. Perhaps he shot blanks ... or some kind of plastic pellets.

Anyway, the quick-draw gunslinger was a huge hit. You could come to our booth just to watch him put on a show ... or you could draw against him and see how fast you were. (Of course, nobody even came close to beating him.)

You don't have to shell out big bucks for a huge exhibit (we needed a big display area to accommodate our makeshift shooting range) or expensive gimmicks (the gunslinger for hire didn't work for peanuts). Virtually any physical motion ... even motion on a TV or computer screen ... will draw a crowd like moths to an open flame.

If you don't believe me, here's a cheap idea you can try at your next trade show ...

On the table in front of your booth, where you keep product samples and sales brochures, place a large goldfish bowl. Fill it with water and put in a big goldfish or two. Add a small pump with an aerator to create some noise and bubbles.

I guarantee people will slow down and stop - much more so than normal.

If you can, tie this gimmick to your product. For example, a company selling window treatments could say, "Stop feeling like you're living in a goldfish bowl when neighbors look through your windows." But it isn't necessary. Even if it's unrelated to your offer, motion, interactivity, and animation can get people to wake up and take notice.

Think about it. When you are in a mall or on a busy street and you come across an electronics store with a TV in the window, people are always standing there watching it in fascination - as if they'd never seen one before.

A similar ploy works with pet stores that display puppies in their window.

A family gets sucked into the store, where the kids desperately try to convince Mom and Dad to buy one of the little critters.
Mom and Dad are resistant, even stoic, at first ... trying to maintain an icy resolve to discourage the purchase. But the clerk is smart. He brings out one of the pups (the one the kids are melting over) for them to play with.

Within minutes, every member of the family is petting and talking to the puppy in soothing tones ... and the clerk is smiling, knowing he's closed another sale.

The dog is ultimately sold not because of its breed ... or its papers ... or the price ... or the guarantee ... or the reputation of the breeder. What gets the cash register to ring is getting the customers to feel the puppy's warm, soft fur ... and watch him bounce around playfully, so happy to be getting attention from them.

No matter what product or service you are selling, you can probably find an opportunity to work movement or interaction into your sales presentation.

For instance, I got an e-mail from a publisher promoting a newsletter on oil and natural gas.

How do you use motion to sell a newsletter? The e-mail was animated with the simple image of an oil well pump moving up and down.

I don't know how successful the campaign was ... but I can tell you that it got my attention.

[Ed. Note: Bob Bly is a popular Early to Rise columnist, self-made multi-millionaire, and the author of more than 60 books. He is also the editor of ETR's Direct Marketing University: The Masters Edition - a program to help you start your own successful direct-mail business.

Subscribe to Bob's free monthly marketing e-zine, "Direct Response Letter" - and claim a free marketing library worth more than $100 - at bly.com/reports.]


* Highly Recommended *

Virtually Un-tapped!

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All too often, real estate investors struggle to find deals, only to be frustrated with financing them.  That's especially true for investors looking at larger deals such as commercial property or apartment complexes.  But it doesn't have to be that way!

Alan Cowgill has perfected 16 methods for attracting wealthy individuals anxious to loan him all the money he needs and more to do every residential and commercial deal he finds.  Learn his secret for raising unlimited cash, with no qualifying and investor-friendly terms.

- Justin Ford
Editor, Main Street Millionaire


2 Anti-Aging Supplements for Your Brain

By Al Sears, MD

The other day, one of my elderly patients said something curious: "Dr. Sears, my brain must be getting smaller - I just can't remember things like I used to." You should have seen the look on her face when I told her that she was right. Your brain actually does shrink as you get older!

The shrinking starts in adulthood and continues at an average rate of two percent per decade. That doesn't sound like much - but by the time you're 80, your brain will be 12 percent smaller than it was at 20. As you might imagine, that can cause all sorts of problems, including memory loss. But there are two supplements that can help you maintain your mental edge - even as you get older.

Acetyl-L-Carnitine (ALC) is an exceptional brain supplement. ALC provides a range of brain protection, improving mood and memory. It protects the brain from damage due to poor circulation and helps repair injured nerve cells so they can function normally again. ALC also increases the release of the memory neurotransmitter acetylcholine.

Researchers have found that ALC protects brain cells from damage even when blood flow is temporarily blocked. And it keeps the cell energy going even when there is little or no blood flow for short amounts of time.

Vitamin B12 is another brain booster that plays a role in creating and maintaining the protective coating (myelin) around neurons. Not only does myelin protect the neurons, it also helps conduct messages to the brain. As vitamin B-12 levels drop, myelin's effectiveness plummets. B-12 also lowers levels of homocysteine in the body. (Homocysteine is a toxic byproduct that destroys neurons and contributes to mental disorders. It is often seen in people with B-12 deficiencies.)

Both of these supplements are easy to take and available at your local nutrition store or on the Internet. I recommend taking 250 mg of ALC and 500 mcg of vitamin B-12 daily.

[Ed. Note: Dr. Sears, a practicing physician, is a leading authority on longevity, physical fitness, and heart health. Learn more of his anti-aging secrets here.]


Reader Feedback: "Keep up the great work!"

ETR is delightful and educational. I can't wait to read it each morning! Thanks so much for sending it. Keep up the great work!

- Susan Castner
Michigan City, IN


Notes From Michael Masterson's Blog: A Quick Trip to Japan, Part 2

Waiting for M's fight seems like an eternity. We are all huddled in a dumpy waiting room underneath this big arena that will be holding 20,000 adoring fans in just a few hours. Most of the waiting time is spent staring at the walls. As time draws close, the fighters take their pre-fight tests, stretch, box a little. Then, finally, we move to a second waiting area, just beside the stage.

[Ed. Note: Read the rest of this article on Michael Masterson's blog at http://www.michaelmasterson.net.]

- Michael Masterson


* Highly Recommended *

How Much Money Can YOU Make By Copying This "Mistake"?

How did Vicki Smith accidentally ‘hotwire’ the Internet and turn it into the goose that laid the golden egg?

Well, imagine a huge fortress with steep, heavily defended walls and a great big, drawbridge to get through. Inside that fortress is the huge pile of wealth there is to be made on the Internet. Now imagine trying to scale those walls with no equipment and never having done anything like it before. That is what many people try to do...

But what did Vicki do? By mistake, she got ‘lost’ and wandered around the back of that fortress and found a ‘hidden’ door which lead straight in. A solid gold door which opened up a gateway to riches…

It’s an opportunity which really does work, that anyone can follow and put into practice quickly in just an hour of your spare time from home.

Read about Vicki’s good fortune...

- Patrick Coffey


Word to the Wise: Plangent

Something that is "plangent" (PLAN-junt) has a loud, deep sound that expresses or suggests sadness.

Example (as used by Alice Walker in By the Light of My Father's Smile): "She moans along with the woman who is singing - wailing, really - her hands gripping the steering wheel to the plangent cries of the singer and the sobbing of violins."

Michael Masterson
Copyright ETR, LLC, 2006


Have a Question for Michael Masterson?

Want to know the secrets to his success? Have a perplexing business problem? ETR welcomes your thoughts. Post them online at http://speakoutforum.com/forum/ or send questions directly to Support@EarlyToRise.Com


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