While Congress couldn’t come together on another stimulus bill, it appears that the market is taking a measure of patience as Friday’s jobs numbers surprised with 1.76 million jobs added and a 10.3% unemployment rate.
The fact the S&P 500 is nearing an all-time high with a 10.3% unemployment rate and over a 30% decline in earnings for the S&P 500 is incredible. The only question is how long the patience will last.
Now here’s the rest of the news:
August 10, 2019
Epic Games hosted a giant World Cup event for its popular game Fortnite. 100 players from around the world have were flown into New York City to compete. Top Prize … A cool $3M.
And to think of all the millions of parents in the 1980’s and 1990’s who warned their children that video games wouldn’t pay the bills.
Video games are a big business. A triple-A title can cost up to $100M to make, including market costs – but can still make many times that return – gamers can make a bundle too. Unlike the passiveness of a movie going experience … a sector that for many years has brought in far less revenue.
Guess then … it is game on! 😉
August 10, 2017
One of the greatest lies ever perpetrated by online marketers selling traffic training products is that there is “free traffic.” There’s not. If there’s no financial outlay, but you spend hours of your time implementing the strategy, that’s a cost because your time has value. Ray Higdon may have said it best, “Free is never free.” While building a business, one of the most important questions you must ask yourself is, “How much is my time worth?”
Same with video marketing. To make videos that actually get a lot of views, you need to make good videos. They always need to be highly informative and/or entertaining. Good videos can be made fast — but they still take time to make. You will either pay someone to do it, or pay someone to teach you how to do it. I think at this stage, we’ll both agree that it’s not exactly free.
So I will come back to the beginning of our conversation — your ONLY plan when starting out should be to make your very first sales and bring in cash as soon as possible.
You can’t save your way to making a fortune in business. It’s that simple — once you consistently show profits — it’s then wise to use a percentage of those profits to reinvest in your business, and therefore, enlarge your cashflow and increase your profits.