July 2010
1 post
3 tags
EmpireBuilding.net is Now Live!
Empire Building is switching to a new blog site with expanded capabilities. You can now find us at EmpireBuilding.net
Look for new features and content in the near future. In the meantime, please excuse the construction as we get everything switched over. Tumblr is not really supported for importing all the posts here.
We`ll keep the existing content here for anybody that has linked to...
June 2010
33 posts
1 tag
We Have to be Patient
I am seeing a number of messages on the Empire Avenue site and on Twitter about people debating the future of Empire Avenue or their future on the site. Some people wonder if it has enough in it to keep them engaged over a longer-term or if it requires too much effort for what is gained. Certainly, I think it can be disheartening if you put a lot of work into raising your share price only to...
1 tag
Blue Horseshoe Loves Endicott Steel
Until Empire Avenue converts our new site to a Blog feed listing, we are going to keep posting here too.
If you have been reading these blog entries, you know that we like interesting headlines here at the Empire Building network. Today’s, however, might have you really scratching your head if you cannot remember this (somewhat) famous stock-related movie line. The line was used by...
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Surviving the Monday Morning Blues
We already have a long tradition of Monday morning not being our favourite time in the week. For those of us trading in the world of Empire Avenue, most of us now have another reason to grumble. It’s pretty generally known that Empire Avenue is quieter on the weekends. Our stock prices and portfolios tend to take a hit.
Next, how to bounce back… The first thing to remember is that...
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Max Out the Third Way to Make Money
Up until yesterday, I had been planning on writing about the fact that I was focussed on my shareprice and not on my wealth. I really had not given much thought to developing a strategy maximize my dividends earnings. Then, a funny thing happened. Yesterday, I topped the earnings charts. Given that I had not focused on this, I was definitely surprised. My key to my earnings was not nearly...
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“Just a quick tip tonight. If you find yourself using Twitter a lot more since...”
– RZR on Empire Avenue
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The Secrets to My (Fake) Success
I have already been asked a couple of times what I did to earn my investors so much money this week. The short answer is that beyond the fact that we are rewarded for almost all of our social interactions, I don’t know. The folks at Empire Avenue wisely don’t want us to know exactly what is in their secret sauce. This way we have to focus on genuine interaction and not some machine...
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Why Are You Here?
Why did you sign up for Empire Avenue? You might be one of those people that loves to share everything with your friends and this is just one more place to do it. Alternatively, you have may have seen an opportunity to build your business and expand your work-related social network. If you have a friend that is addicted to the competitive game aspect of the site, you might have joined just to...
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To Hook a Whale on Empire Avenue, Use Linkbait
In stockbroker circles, a ‘whale’ is a really big client ready to invest a wad of cash. Needless to say, we want whales to come our way on Empire Avenue. One way to hook a whale is by impressing them with a blog. I have been told numerous times already that someone invested in me because of my blog. However, it does not matter how compelling your content is if you nobody sees it....
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“Do you have a big head on Empire Avenue? You should to better succeed. Leo...”
– RZR on Empire Avenue
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Are You Favoring Your Dogs Over Your Cows?
In marketing product lifecycle analysis, they used to talk a lot about four types of products: Stars, Cash Cows, Question Marks and Dogs. You developed a different strategy for each. Stars and cash cows were big money makers. Question marks were just that and you wanted to get rid of dogs with their low market share and low market growth. While selling shares in a stock system is very different...
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“When you first join Empire Avenue, you should focus on activity. Get your...”
– RZR on Empire Avenue
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“When it comes to helping you with time or advice for Empire Avenue, I am very...”
–
The RZR
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Empire Avenue is Rigged
Yes, I said it. Empire Avenue is rigged. I have been playing it hard all week rising up the leader board, but I have come to the conclusion that it does not work like a typical free-market exchange like many people would think. No, instead it is rigged — in your favour.
Our favourite new site is rigged in several important ways. The first has to do with the fact that you are continually...
4 tags
Stock Price Watch Alerts
Alrighty then. Nothing long to say at moment. Instead, I want to ask you a question. It has to do with Stock Price Watch Alerts. In my first couple of days on the site, I used them to let me know if someone made a big move. They probably helped me get a feel for things. However, a few days later and I am not using them anymore.
I just watch my top gainers and losers in my portfolio now. I...
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“I mentioned previously that Empire Avenue charges 11% or more for trading...”
– RZR on Empire Avenue
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“You gotta love people who give thumbs up ratings to Protected Tweets on Empire...”
– With love - Bill.
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Understanding Charts in Empire Avenue
The stock charts in Empire Avenue can be tricky to understand. Some people don’t even know where they are. (Click on the blue My Profile Tab and then the amber My Graphs tab.) Once there you will see three graphs showing your share price for the last 24 hours, the last 7 days and the last three months. I am going to focus on the 24 hour chart. I am by no means an expert on this. This is...
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“Empire Avenue rewards Facebook posts, friend growth and friend comments. ...”
– RZR on Empire Avenue
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“I am always surprised by the people that are active on Empire Avenue that...”
– RZR on Empire Avenue.
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“Why should you retweet a cool Twitter Empire Avenue related Twitter post from...”
– RZR on Empire Avenue.
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“People on Empire Avenue talk about their stock price dropping on the weekend. I...”
– RZR on Empire Avenue
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“When you trade someone more than once in 24 hours on Empire Avenue, you pay at...”
– RZR on Empire Avenue.
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Use Your Thumbs on Empire Avenue
Some people rate lots of content on Empire Avenue. However, I know from looking at people’s achievements that lots more don’t rate much at all — and by rating I mean using the thumbs up and thumbs down feature on the site. There are four good reasons that you should be using the thumbs whenever you see something really good or bad.
The first is you will earn achievements for...
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“One of the upsides of buying someone right when they sign-up to Empire Avenue is...”
– RZR on Empire Avenue
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“I see Empire Avenue related Twitter posts and other announcements all the time...”
– By the way, I am at http://empireavenue.com/RZR
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Short-Term Appeal vs Long-Term Value
on Empire Avenue your activity has a huge impact on your share price in the long run.
Look at (e)BPFAIL and (e)SEX. They came in after me and shot way past me. People loved the concept of their names. I was a little discouraged because I was working hard, and they were outperforming me. They both got up well in the 20’s. However, at the time I am writing this, I am worth more than both of...
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How to Be a Twitter Star for #EmpireAve
On Empire Avenue, your stock price is determined by how many of your shares people buy and your influence. And, how many shares people buy is affected by your influence. Clearly, influence is important there.
Your influence level is determined by adding up the following in some secret EA manner (among other things):
How active you are on the site in general.
How active you are on other sites...
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Quick! Add a Picture & Fill Your Profile
If you are an #EmpireAve user already, in all likelihood, by the time you read this, it’s too late. However, if you have friends you are recruiting to Empire Avenue, there are a couple of things they can do to maximize their share price when they first register.
When you register for Empire Avenue, you want to post a picture right away. Don’t say, “I’ll just look around...
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Ten Achievement Steps to Success on #EmpireAve
On Empire Avenue, achievements are a great way to increase your credits and increase your attractiveness to other investors.
Most people when they sign-up with EA grab a number of obvious achievements. We have learned from other social sites to hook up our Twitter and Facebook accounts etc. However, many people don’t bother to pursue all the tasks they can perform to max out this...
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Watch for Pretty New Girls
Want to buy #EmpireAve stock in a newbie that is likely to see fast share price increases? I hate to say it, but watch for the pretty gals. I haven’t been on Empire Avenue long, but just as the in the real world, the guys gravitate to the pretty new women. You don’t have to like it, but you can benefit from it.
I am not too bad though. You can check out my portfolio with the RZR...
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Look for Blogs You Can Endorse on #EmpireAve
As the creators of Empire Avenue say, it’s all about building your influence in the community. One great way that you can endear yourself to people is to endorse their blogs. The site uses blog endorsements to ensure that people’s posted blogs are really written by them. So, just take a look at their blog and ensure that is the case. Then go endorse them. You can get to the...
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Look Busy with Interests for More Investors
One of the keys to success on Empire Avenue, from my perspective, is to make sure your profile looks like you are busy at it. A simple step for this is to add lots of interests and brands that you like.
You get badges and credits for adding 50 interests and 50 brands — a benefit in itself. While it takes a bit of thought, it is an easy way to show that you are serious about building your...
3 tags
Building an Empire
This blog will be random observations and tips for Empire Avenue.
