**See my Empire Tips at the bottom of this post! I got a chance to hang out with @Dups (his name is too long and complicated he’ll tell you), the CEO of Empire Avenue. Empire Avenue has been a hit and if you read my prior post on it (search site) its a great tool for networking and making new friends.
One interesting point that @Dups made was the game is “NOT to buy your friends.” Its to buy new people and make new friends. In essence its a great way to make and introduction and gain rapport. I gotta tell you its worked massively for me. @Dups was incredibly excited about his venture and all around a very socially cool guy. See the video below.
http://www.empireavenue.com/chrisvoss
***Update – *** I’m listed in top 6 Apprentices on EA – Look at the company I’m in! Cool!
Video by @LouieBaur
My Empire Tips (I used to be a Nasdaq Level 2 trader the same rules apply to trading well)
The name of the game is INCOME. Your stock is partially based on the value of your net worth in your portfolio along with your social media capital. The 2 ways to increase your net worth in the market is to either 1) Buy stocks that increase in value. 2) Earn great Dividends daily on stocks you own. Its income that comes in to increase your net worth. Dont miss on the importance of Dividends.
1. Buy Maximum or 200 shares in good investments. Like anything there are few great stocks. Pick wisely. Throwing 10 shares at everyone is a losers game. If you think its going to go up or in my case you’re going to get incredible dividends daily, invest 200. If you invest a small amount like 10 shares and I go up 1 point or distribute daily dividends, your only going to earn 10 bucks on shares. Conversely with my proven track record if I go up 1 point on your 200 shares -thats $200. Do you want $10 or $200? Find good stocks and put in 200 or the max. My dividend right now is about 1.40ish, 200 shares in me means lots of dividend income daily for you! If you only have 10 shares your not making as much.
2. Watch dividend ratios to price. My Price right now is LOW in the 100’s BUT my dividend that you need to get earnings with is HIGH AT $1.43 per share. Conversely with Mashable their price is HIGH at $144 BUT their dividend is poor at .72 per share. Do you see how poorly your money is invested in your dividend earnings to price with Mashable in this example. Your paying 40% more with mashable than with Me BUT YOUR GETTING 1/2 the Dividend. Your ripping yourself off. Pay attention to your dividend income to price ration, more income raises your value.
Heres a way to calculate it but its not official – it’ll give you a comparison to benchmark with. You want a high dividend to price ratio. The higher the dividend against the lowest payable price for it will give you the best ROI on your investment. If you take Mashables dividend and divide by its price you come out with .005. Mine conversely is 1.375 thereby an incredibly better stock buy. I’m listed in the top 7 apprentice right now. If you look at the company stocks they are all overvalued for weak dividends. Their price is higher for demand but not performance – eventually they crash.
3. Invest in strong consistent earners. Yes the up and down price game is fun but after you pay the 5% to buy commission and 5% to sell commission game, your profits can get wiped out quick. This is why you need to play the dividend game. Churning stocks will kill your net worth.
4. Remember the 5% commission cost on buys and sells. They nick your profits. If you buy in and out you lose 10% to commission. You want to invest for the long haul if you can.
4.5 Download for the Chrome browser the Empire Ave P3 plug in under Extensions. It will give you advice on your investments and potential ones.
My 2 stocks are http://www.empireavenue.com/chrisvoss and http://www.empireavenue.com/chrisvosssho
*Stay tuned I’ll be adding more over next while.
Subscribe to this site. I’m working on more EA data and tutorials, plus it has over 500 posts of incredible SM content.
5. Sell your friends and sucky stocks. Talking with @Dups the CEO, he said the game isnt to buy your friends. Its to use it as a tool to make NEW friends. Dont be afraid to dump your friends if their stock sucks. Its not about your friends.
6. “buy me and I’ll buy you” pitching is a losers game. When I see you say that it means your stock is likely weak along with your “game”. You might as well be yelling “dont buy me”. Spend all that promotion effort and work on being a good earner. 2 bad stocks dont make a right investment. Keep saying that over and over. ITS ABOUT EARNINGS. Your wasting time hustling. I dont waste my time worrying or cajoling people to buy me back. I perform as an EARNER so your going to buy me because I rock as an investor and social media dude. If you dont buy me, who cares, smart people will.
7. Use your time wisely, the chat boards are largely a waste. Achievers go DO. Under Achievers sit and TALK about achievers. How many TOP stocks do you see wasting their time in chat. Its like a television it sucks you in and wastes time. I’ve spend all of maybe an hour chatting on EA in the whole time I’ve been there. Instead I’m out investing, working my earnings, finding good buys and sells. Working my ROI. Yes there are tidbits of good stuff but quit looking for a free lunch. Go make your lunch. In the amount of time it takes to watch 10 minutes of inane chatter I can go find 20 great stocks. Focus your time on earnings.
9. Evaluate your portfolio. See who the losers are and sell them ESPECIALLY if you see major downgrades in their Dividend. If a stock has too high a price to dividend ratio then sell it if you find a better deal. Dont TIE UP YOUR INVESTING CAPITAL on overpriced stocks to dividend ratios. You can usually by 4 good stocks that will go up compared to planting a ton of money in one stock. Conversely keep in mind…if the dividends on those 4 stocks end up sucking – you shouldnt stayed with expensive stock with high dividend.
10. Buy me spam chat room. I love this chat room and think it should be allowed all over the chats. ITS PART OF THE GAME – PROMOTION. I WANNA BUY STOCK IN SOMEONE WHOSE OUT HUSTLING INVESTORS. If you wanna talk some other BS go yenta it up on FB or Twitter. We’re here to game and play stocks. Its not spam. In the real stock market, the stocks or funds that run commercials, stocks usually go up. Dont just link your stock. SELL IT. Why should I buy you logically. Oh and make sure you put the work in first to make you a great stock. Dont hustle your shitty stock. You should be working on your mechanics first before you go out and sell. SELL me on why it makes INVESTMENT SENSE to buy you. WHY IS YOUR STOCK GONNA GO UP. Pitch it with a link.
11. Tweet @Dups that EA stock links are NOT spam and should be allowed. This is a game, during poker, monopoly etc. theres no fucking rule that says you CANT talk about the game while your playing. EA is a game. Promotion is part of that game. This isnt a normal chat site.
12. Shout outs. Be smart if your going to invest time buying someone leave a shout out with an ad to buy and WHY they should by you. Think about it – if you leave and AD shout out behind everyone who looks at their page will see it and possible invest in you! Come up with one and paste it in on the fly.
13. Dont sell good earners because they have a bad few hours or day. Look at the dividend before you sell. Sometimes its going up while the price is going down. Judge whether the dividend’s you’ll earn that day are worth dropping the stock based on its drop price. If its off just a 1/2 or so it might not by worth it. Many times me or other good stocks have a pile of people we have to sell and invest new money in. Usually after selling and buying new our prices go up.
14. INVEST ALL YOUR CASH. You dont get anything for sitting on cash. Your net worth needs to go up to get your stock up. Sitting on cash is dumb. I know people who all tie up there cash have 1 or minimal stock in each friend. That adds up and depletes your investable cash. Get your money working.
I’ll update later so keep checking back
**You can read my review of Empire Avenue here: Review of EA
The People! The Pizza! thanks everyone who drove, up or down, to our little Mayberry by the Sea. Mahalos Chris.
Great post, maybe you could add some tips on Empire Ave. for http://BuildingABrandOnline.com we are always looking for some guest bloggers.
aweome work) i think that video made it more alive if i can say so) very nice) thanks!
Great Tips an very much along the lines I follow. I feel the same about not sitting on money. I keep investing and reinvesting and after 8 days I’m close to 50,000 in net wealth.
I think @dups:twitter got it right with his advice not to invest in friends. I have met a lot of new people with some great advice to give. Community members are helpful and it is nice to invest in the ones that interact. I have gotten more buys because of the conversations I’ve had.
I guess I’ll add two of my stratgies that I’ve developed:
1. Try influencer advertising only 2,000 eaves . Can be used for much more than “buy me” types of messaging.
Gives great feedback because people can like or dislike and gives you stats on clicks. Has a downside that some people are probably blocking ads but not all.
2. I look at the users with the top overall net wealth on EA and look at their portfolios. Then I look at the top gainers in their portfolio that are still under $20. I buy max stock in them. They tend to be great early buys that keep churning out high dividends.
Nice info here! Thanks for the share!
Great post, this really cleared things up for me a lot. Thanks.
Thanks for taking the time to get with @Dups:twitter — Great Content inside this post. I appreciate all the tips on #eav and #SocialEmpire you put out there!
Chris –
It seems to me that #6 & #7 completely contradict #10 above. Maybe I am confused but it doesn’t seem to make sense. First you say, “buy me and I’ll buy you” is weak and then you say the chat boards are a waste of time. But then, clearly say that the “buy me spam chat” is fantastic. Personally, I am confused. What is it? Are you suggesting that people spam each other with the “buy me! buy me!” spam? Wouldn’t it make more sense to put yourself out there in front of people, both by utilizing your social networks (twitter, facebook, etc) and by communicating with other people in EA that you would not otherwise ever have met through your normal channels? I have found that by putting myself out there, joining in conversations, saying thanks and asking people questions have gotten me just as far in the site as using my social networks in my normal manner.
Also I want to add that I believe the community boards both on and off EA’s site are extremely useful. I have met some amazing people in those places and as a result of talking to people on Facebook have gained some great friends as well. There is great value in that to me, as I am playing the game in a way that I find fun and profitable (both on and off the site).
Chris –
It seems to me that #6 & #7 completely contradict #10 above. Maybe I am confused but it doesn’t seem to make sense. First you say, “buy me and I’ll buy you” is weak and then you say the chat boards are a waste of time. But then, clearly say that the “buy me spam chat” is fantastic. Personally, I am confused. What is it? Are you suggesting that people spam each other with the “buy me! buy me!” spam? Wouldn’t it make more sense to put yourself out there in front of people, both by utilizing your social networks (twitter, facebook, etc) and by communicating with other people in EA that you would not otherwise ever have met through your normal channels? I have found that by putting myself out there, joining in conversations, saying thanks and asking people questions have gotten me just as far in the site as using my social networks in my normal manner.
Also I want to add that I believe the community boards both on and off EA’s site are extremely useful. I have met some amazing people in those places and as a result of talking to people on Facebook have gained some great friends as well. There is great value in that to me, as I am playing the game in a way that I find fun and profitable (both on and off the site).
Matt good point, let me clarify, SITTING for hours which I see people doing
in the chat rooms and either repeating over and over their links or talking
silly unproductive chatter in the other rooms is a recipe for failure.
I usually go into the “buyme spam” room every couple hours punch out 2 ads
and leave. Its where I see people spending hours and days in those rooms.
Do what works for you – if you stock and divs are going up – more power to
you I’ve just shared what I do and the patterns that have made me a top 3
weekly earner before. Have fun its a game.
Chris
Chris,
One of the things I like about EAv is that there are many ways to engage, get involved and “play.” Your tips are certainly valid – for a certain style of interaction. But that’s not the only way. For some people, buying shares in friends – even if they don’t have great divs – is perfectly fine. I’ve spent plenty of time in the [X] Bar chat room and gleaned great info, plus made friends with several of the big “players.”
But EAv has also enriched my online activities in other ways, off of the EAv site. So while I respect your version of how to play, I think it’s worth noting that there are many ways to enjoy the site and the people who frequent it.
Chris –
You are absolutely correct, it is a game and people should have fun playing the game. I am having tons of fun with this game, because I get to set goals and achieve them as well as meet tons of new people.
I like that you mention that there are tons of ways to play and I really appreciate that you have shared your methodology as there are many people who won’t do that. Also, congrats on being a top 3 weekly earner, that’s amazing!
One thing that I think would be really cool is if there was more information out there for people who are brand new, who don’t walk away from an IPO with 2 million eaves. These are people that end up getting frustrated with the game in the first week and walking away, because they really don’t have anything to do. I feel like these people end up spending the most time in the chats just pasting their link over and over because they WANT to play, but don’t know how to engage with EA or its people.
Thanks for you response!
Thanks Matt thats actually why we posted this here and we are working on
something bigger for everyone in the coming weeks.