Your Questions About Profitable Trading Plan

Steven asks…

International entrepreneur’s decisions are more complex because of:?

Q# 1: International entrepreneur’s decisions are more complex because of:
A. Business expansion
B. Analysis of Huge information is difficult
C. Complex transactions
D. Uncontrollable factors
Q# 2: Which one of the following is NOT the problem in developing the economies
under different developed countries?
A. Gap of knowledge
B. Variable rate of return
C. Different accounting system
D. Same communication style
Q# 3: When the multiplicity of environments become too complex to handle, the
international entrepreneurs often __________.
A. Go for mergers
B. Diversify
C. Decentralize operations
D. Sale out the foreign business
Q# 4: In stage of responsibility allocation process the entrepreneur follows:
A. Highly decentralized decision making process
B. Somewhat centralized decision making process
C. Highly centralized decision making process
D. No particular standard
Q# 5: Following are the types of foreign direct investment EXCEPT:
A. Joint venture
B. Management contracts
C. Management contracts
D. Merger
Q# 6: An ice cream producing company merges with a cotton spinning company this
merger is an example of:
A. Product extension merger
B. Diversified activity merger
C. Market extension merger
D. Vertical merger
Q# 7: Which one of the following gives suggestions for new product but also helps to
market new product in the market?
A. Existing products and services
B. Distribution channels
C. Federal government
D. Consumers
Q# 8: Which one of the following is important for international business to avoid trade
barriers?
A. Protectionist attitude
B. Entrepreneurial partnering
C. Free trade areas
D. None of the given options
Q# 9: Which one of the following is NOT a source of idea generation?
A. Consumers
B. Brain storming
C. Focus group
D. None of the given options
Q# 10: A patent is granted for a specified amount of time because of the assumption:
A. That during this time firm will cover its development costs
B. That firm will earn a sufficient profit during this period
C. To limit the monopoly of the firm
D. That it will stimulate idea and development of a better product
Q# 11: Which of the following is NOT followed in brainstorming?
A. The wilder idea is better
B. Criticism is done by the group members
C. Quantity of ideas is required
D. The session should be fun, with no on dominating the discussion
Q# 12: Developing a new idea through inquiry and testing is called:
A. Heuristics
B. Scientific method
C. Forced relationship
D. Value analysis
Q# 13: The product life cycle starts with which stage of product planning and
development process?
A. Test marketing stage
B. Product development stage
C. Commercialization stage
D. Product planning and development process is a part of product life cycle
Q# 14: The evaluation criteria for the new product should include all of the following,
EXCEPT:
A. Determination of market demand
B. Pricing and marketing policies of other competing firms
C. Determination of the suppliers
D. Product should be profitable
Q# 15: Which of the following is NOT a requirement of Disclosure Document?
A. Description of the invention
B. Photos of invention
C. Claims for invention’s usefulness
D. Cover letter
Q# 16: Which of the following grants the owner protection from anyone else making,
using and selling the identified innovation?
A. Utility patent
B. Design patent
C. Plant patent
D. International patent
Q# 17: Which of the following can NOT be covered under the copyright protection?
A. Computer software
B. Computer hardware
C. Poems and songs
D. Models and sculpture
Q# 18: Licensing is a significant marketing strategy to:
A. Use intellectual property of others
B. Pirate others’ patents
C. Grow the business in new markets
D. Control the costs
Q# 19: Which one of the following is the main problem for the entrepreneur in the
beginning?
A. Lack of experience
B. Lack of education
C. None of the given options
D. Limited resources
Q# 20: Which of the following is NOT essential part of the contract?
A. All the parties involved should be named
B. Transaction should be described in detail
C. Obtain signatures of the persons involved
D. Place where contract takes place

John answers:

Language
Customs
Monetary exchange
Credit problems
Regulations
Transportation
Distribution
Various product requirements

Multiplied by the number of markets you enter .

Charles asks…

1. Which was one motivation for European exploration in the fifteenth and sixteenth centuries?

He was motivated by Columbus’s voyages to the New World.

He wanted to find a way to circumnavigate the world.

He planned to be king.

He was looking for a sea route to Asia.

3. How did the caravel make Europeans’ voyages of the fifteenth and sixteenth centuries possible?

It was equipped with enough rowers to propel it against any ocean current.

It was designed with a special sail that allowed it to sail against the wind.

It had a large cargo area and could carry heavy loads across the ocean.

It was big and strong enough to make long voyages across the ocean.

4. Which best explains how the compass made voyages of exploration possible?

It helped sailors steer around rocky coasts.

It aided navigators in predicting the weather.

It kept crews from getting sick.

It allowed sailors to know their direction.

5. Which best explains why the Spanish were able to defeat the Aztecs?
(Points : 3)
The Spanish outnumbered the Aztecs.

The Spanish destroyed the Aztecs’ weapons.

The Spanish found allies among enemies of the Aztecs.

The Aztecs were weakened by civil war.

6. Which best explains why English settlers colonized New England in the mid-1600s?
(Points : 3)
to establish a profitable fur trade

to cultivate tobacco

to convert the native people to Christianity

to practice their religion

7. Which best describes the Columbian Exchange?
(Points : 3)
the influx of colonists who arrived in the New World from Europe

the movement of plants, animals, and diseases between the Old World and the New World

the development of trade routes between the New World and European nations

the division of the New World between Spain and Portugal

8. Which was unknown in Europe before European explorers visited the Americas?
(Points : 3)
pepper

tomatoes

sugar

coffee beans

9. Which was a reason for an increase in the transatlantic slave trade during the sixteenth century?
(Points : 3)
colonization of New England

the fur trade in Canada

the Spanish conquest of Mexico

sugar plantations in the West Indies

10. Which describes the Middle Passage?
(Points : 3)
the exchange of animals, plants, and diseases between the Old World and the New World

the trade of sugar and tobacco from the Americas to Europe

the sea journey made by slaves from Africa to the Americas

the shipment of manufactured goods from Europe to Africa

11. Which was a cause of the Protestant Reformation?
(Points : 3)
sale of indulgences

fall of Constantinople

Thirty Years’ War

Council of Trent

12. Which was a consequence of the Protestant Reformation?
(Points : 3)
the Age of Exploration

belief in purgatory

decline in literacy

wars of religion

13. Which summarizes a result of the Protestant Reformation?
(Points : 3)
It led to better treatment of European Jews.

It brought about a decline of monastic societies.

It created greater cooperation between Catholics and non-Catholics.

It prompted reforms within the Catholic Church.

14. Which was a cause of the Thirty Years’ War?
(Points : 3)
St. Bartholomew’s Day Massacre

Council of Trent

conflict between Catholics and Protestants

defeat of the Spanish Armada

15. Which was a result of the Peace of Westphalia? (Points : 3)
end of religious divisions in Europe
end of a unified Christendom
decline of absolute monarchs
unification of Germany

16. Which is an example of absolutism under King Louis XIV?
(Points : 3)
meeting of the Estates-General

convening of the Inquisition

construction of Versailles

persecution of European Jews

17. Which is an example of absolutism under Peter the Great?
(Points : 3)
reorganization of the Russian Orthodox Church

the time of troubles

the Inquisition

defeating the Mongols

18. Which was a cause of the English Civil War?

a split between England and Scotland

rebellion in the English colonies

disagreements between Protestants and Jews

a dispute between the king and Parliament

19. Which was a result of the English Civil War?
(Points : 3)
establishment of the Commonwealth

end of Puritanism

rise of absolute monarchs in England

defeat of the Spanish Armada

John answers:

Long question lol

Carol asks…

Which business idea should I pick?

I would like to start an online company. My goal is to eventually make six or more figures a year. I have two ideas, 1 being a interactive type of site, and 2 being a standard online business. I’m not sure which one is profitable.

1. A website where people can siign up for free and sell, list, buy, trade, and auction off their websites and or domain names. Users would be charged a small fee to post a listing. They could then post info and photos of their site and people can buy the site for a buy now price, or get entered into an auction. I would have account ratings and telephone verification to help with security. There is already a site called flippa.com that does everything I just mentioned. The reason why people don’t like flippa is because the listing fee is to high. If I can lower th fee, and implement a marketing plan, I will have success. Flippa makes 4-5k a day just from advertisiments on their site. There are currently pre made scripts available for this type of site, and they only cost $60. The problem is, it is not a professional site, and I’m worried about bugs with the script. If I wanted to make this site, should I buy the pre made scripts, have an elance person build an okay site for $1000, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.

Pros- limited competition, huge potential
Cons- huge startup
2. I would start a web hosting company by reselling web hosting plans. I would join a companies reseller program, and create a website and promote hosting plans. The company keeps the wholesale cost, and I keep the markup. So if it’s 40 a year and I mark up to 65 a year, I keep 25 a year for that customer. It is recurring income. If I get a modest 2 people per day, I would have 730 clients by the end of the year. That means for the next year, I am making 18k from the people from the first year, while also gaining new clients. So every year, assuming that the client still is hosting with us, I am getting an additional 18k. So I’m making tons of money for years to come. I have heard of host gator and resellers panel which I think has good reseller plans. Resellerspanel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, and marketing tools. Resellerspanel does not use cpanel though. They have their own site builder and control panel system which is a problem for clients who want or need cpanel. Host gator costs more than resellers panel, does not host as much space, but does come with cpanel. Would you recommend I use resellers panel, or any other hosting company.

Pros- super low startup costs, just need to promote, work any hours
Cons- a lot of competition, but hey, if you attract people to your site first and they like your plans, you get their sale.

Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.

John answers:

You should make free hosts to get traffic 1st then main host to cost money.

James asks…

Which business idea should I pick?

I would like to start an online company. My goal is to eventually make six or more figures a year. I have two ideas, 1 being a interactive type of site, and 2 being a standard online business. I’m not sure which one is profitable.

1. A website where people can siign up for free and sell, list, buy, trade, and auction off their websites and or domain names. Users would be charged a small fee to post a listing. They could then post info and photos of their site and people can buy the site for a buy now price, or get entered into an auction. I would have account ratings and telephone verification to help with security. There is already a site called flippa.com that does everything I just mentioned. The reason why people don’t like flippa is because the listing fee is to high. If I can lower th fee, and implement a marketing plan, I will have success. Flippa makes 4-5k a day just from advertisiments on their site. There are currently pre made scripts available for this type of site, and they only cost $60. The problem is, it is not a professional site, and I’m worried about bugs with the script. If I wanted to make this site, should I buy the pre made scripts, have an elance person build an okay site for $1000, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.

Pros- limited competition, huge potential
Cons- huge startup
2. I would start a web hosting company by reselling web hosting plans. I would join a companies reseller program, and create a website and promote hosting plans. The company keeps the wholesale cost, and I keep the markup. So if it’s 40 a year and I mark up to 65 a year, I keep 25 a year for that customer. It is recurring income. If I get a modest 2 people per day, I would have 730 clients by the end of the year. That means for the next year, I am making 18k from the people from the first year, while also gaining new clients. So every year, assuming that the client still is hosting with us, I am getting an additional 18k. So I’m making tons of money for years to come. I have heard of host gator and resellers panel which I think has good reseller plans. Resellerspanel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, and marketing tools. Resellerspanel does not use cpanel though. They have their own site builder and control panel system which is a problem for clients who want or need cpanel. Host gator costs more than resellers panel, does not host as much space, but does come with cpanel. Would you recommend I use resellers panel, or any other hosting company.

Pros- super low startup costs, just need to promote, work any hours
Cons- a lot of competition, but hey, if you attract people to your site first and they like your plans, you get their sale.

Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.

John answers:

Hmm, why double posts?

Chris asks…

Which company idea should I pick?

Over the summer, I would like to start an online business. My goal is to eventually make six or more figures a year. I have a few ideas, but I’m not sure which idea sounds the most profitable.

1. A website where users can list, buy, sell, trade, and auction off websites and or domain names. A place whee people can buy and sell websites. I would allow people to create an account for free, and a seller could list his website or domain name for sale by paying a small fee. A other user could buy the site he/she wants with the buy now price, or be entered into the auction for the site where they compete with other people. Right now, there is only one site that does this called flippa.com. The problem is, everyone hates the high fee they charge to list a site (19 bucks). I already have a script for my site, and if I charge smaller fee, create a user interactive friendly version, and implement my marketing plans, I could easily beat flippa. Flippa is making some good money (4-5k a day).

Pros: make money from selling ad space and charging small fee. Not much competition.
Cons: not really any.

2. I would buy golf bags, clubs, shoes, etc. Wholesale, and dropship them to customers on my website. The problem is, I’m competeting with huge names like golf galaxy, golfers union, and thousands of sites.

3. It would be like image shack. It would be a website where users pay a fee, and then they can store, host and share images on my secure server.

4. Sell hosting plans. Start a web hosting company. There is tons of competition.
Although I like all ideas, I think I’m aiming at the first idea. Do you think it could be profitable? Do you think it could make me six or more figures a year?

If u do pick #1 as the best idea, how should I build the site? Elance, freelancer?

Thanks.

John answers:

1 To get a seller to pay you, you will have to show them your site has thousands of buying/trading people signed up. To get those people, you will have to have sellers (chicken or the egg type of thing). So you will have to spend lots of money on marketing first, them maybe for an introductory period, offer free listings to sellers, then after building up a base of buyers, you can charge. Sounds to me like it will be a long time before you can make a 6 figure income.

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One Response to Your Questions About Profitable Trading Plan

  1. Oh my goodness! Impressive article dude! Many thanks, However I am having problems with your RSS.
    I don’t understand why I cannot join it. Is there anyone else getting similar RSS issues? Anyone that knows the solution will you kindly respond? Thanx!!

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