Benefits of joining Empire Avenue1) Get connected. A lot of top players in the social media industry are playing, and it is a good place to meet them. If you play the game right as I teach you, you will get noticed. 2) Find like minded people. You can join a community inside Empire Avenue, or compete your stock in a niche specific Index such as blogging, Technology, Travel and many other indexes inside the game. 3) Get traffic to your blog and social media profiles. People that will connect with you will want to know who you are, and will check your blog, Facebook profile and fanpage, your twitter account, etc. 4) Forces you to learn how to use the social media correctly. Because if you are not performing as well as somebody else than probably you are not doind things as well as you should. 5) Good social proof. You can’t rank well in Empire Avenue without being influential in the social media sites. To get high share value you must get retweeted, likes, view, comments, which will only happen if people listen to you. 6) Makes networking in social media fun – If you think that fun is not an important factor in life, you probably never saw the Fun Theory Videos. You haven’t joined Empire Avenue yet? Do it now
Basic Investing ConceptsThere are a lot of shares that you can choose to “bet” your Eaves on. How do you know which stocks will be the best? Dividend Yield If you have 2 stocks, both priced a steady 100e for a long time, one pays a dividend of 0.5e a share, and the second pays a dividend of 1e a share, which one will you buy? Of course that you will take the one that pays more, i.e. the 1e a share, because it has more dividend yield. When the two stocks are not at the same price, you need to compare the dividend yield to understand which stock has more intrinsic value. Growth Stocks Vs Value Stocks Growth Stocks are stocks that that you believe that are going to grow. In the real world it is pretty hard to determine, but luckily for us in Empire Avenue it is currently pretty easy: A person that just joined Empire Avenue with a huge twitter account, active blog and fanpage, a lot of Linkedin connection is probably going to increase in share value very fast. However, this kind of stocks has more risk attached with them. If the person behind the account will not play the game, his share price will drop eventually losing you money. Value Stocks are stocks that pays steady stream of dividends. They are usually very stable stocks, with share price above 100e and a dividend yield of above 1%.
My Step by Step blueprint to make EAVs fast on Empire AvenueFirst, this is what I have achieved using my strategy: Pirillo Power Pack for Empire Avenue Chrome extension. QUICK UPDATE: Unfortunately, as a result from last EA design change, this pluging doesn’t sork any more. However, you can still calculate the dividend yield yourself: Share Price/Divedends It is available at this link. What this extension does is add a calculation of the dividend yield right next to the ticker that you are looking at.
The higher the dividend yield the better. I usually don’t touch anything that is below 1.3%, but I try to find at least some shares with dividend yield above 1.7-1.8 everyday.
Huge tip: look for fresh faces (growth stocks) to give you the best ROI and dividend yield. If you find something like that:
Than it means that you have found a treasure! Buy all-in without hesitating!2) Join a community. I am a member of the TeamZen since day one in Empire Avenue and it is one of largest most active communities in Empire Avenue. I owe a big part of the accumulation of wealth to the investment tips shared on a daily basis in TeamZen. They even have a TeamZen facebook group (which helps you connect even faster with people) TeamZen recently won a contest with a rival community called XBAR. XBAR, as far as I can understand is also a very active community, but smaller one than TeamZen. How do you know which communities are really good? The members of the communities sometimes tag their tickers with the name of the community, as such:
As you can see some people are a member of more than one community. What I suggest to you is go to the leader board, and see what community name pops more than the other. Of course that you too can join several groups and see which one do you more relate too.3) Start every time with selling the “sliders” stocks in your portfolio. Go to your Home page -> My Portfolio -> sort by sliders, and sell the shares that you own according to these parameters:
- They are in the red zone, meaning they are losing you money.
- They didn’t buy you back.
- Their dividend yield is now lower than 1%.
- Diversifing your portfolio, reducing the risk that exist when you buy Growth Stocks.
- More people will notice you, and this will increase dramatically the chance that they will buy you back.
- It will increase your share price. Since actions in Empire Avenue are part of the algorythm to calculate your share price,if you do more actions on Empire Avenue, and your share price will rise. This simple change in my blueprint increased my share price and my own dividend yield by 20%!!
- Shout a hello message – This is a great opportunity to send them a link to your webpage, or instructions on how to connect with you even further.
- Endorse every feed they have.
- If they don’t have a feed I recommend them. Sometimes I do it even if
PSS: If you want the chance to become a millionaire in your real life check my blueprint here
If you enjoyed this post on how to become a millionaire in Empire Avenue , I would like to hear your thoughts. Do me a quick favor and share it with others, and leave your comments below.
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Networker & Social Media Expert at SuccessHowTo
Onine marketer, social media expert, and all around great guy. Hezi coachs people on internet marketing and on how to make money from home.
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Recommended additional reading material: http://empirebuilding.net/dividends-is-a-money-loser/
Recommended additional reading material here: http://empirebuilding.net/dividends-is-a-money-loser/
(on my second account I was at around 1M by seven days, on my first go around around 2M within a month, not hard to do… but dividends are not the optimal strategy for new players)
I have read the post that you mention. Intresting stuff, I do recommend it. To get to 2M might not be difficult for you, but a lot people in EA don’t know how to do it. This is my little contribution to these players.
[ Awesome article Hezi – Thank you for your kind words on Zen – You have learned wisely xD ]
Cool Very Cool I will follow your guide and see where it leads me. I have a good feeling about you.
Thank you Kathleen! I am thrilled to get your “thank you” image. I believe that it is the first time that somebody did something like that for me :)
Hey great post, good tactical suggestions! I’m linking to this post in my own post about EA on my blog! blog.zorts.net
Hi Jeremy :) Thanks for your feedback. Glad that you liked it. I am waiting to hear your results implementing it
I guess it depends on how you play the game – as many of these tips I would call the “end-all” to play the game.
There are many ways to play EA, but knowing how to invest in EA is always a benefit. I don’t mean that it is the most important part of EA, but it does shows that you know who in the social world is worth following.
The strategy that I show here is just the basics. After you understand it, you can change it, so it better suits you own style, your own game, and your own reasons for playing.
great How-To…When i get enough bank i will buy another community to add teamzen..i cant turn my back on the communities i already invested in. See you soon!
Great guide, thanks for the tips!
And thanks you for the feedback. What is your ticker? I will invest in you :)
Great guide ty, gonna start now
Thanks for the tips, I wish I would have discovered them earlier.
I recently left Empire Avenue. I have a few reasons, one of them being the fact that some people have started spamming their followers, only to succeed on Empire Avenue. I’ve noticed that many of the prominent people on Empire Avenue spam their Twitter followers with links and @replies, fill their Instagram streams with crap photos, etc.
I wrote a blog post detailing all of my reasons.
Thanks, I wish you the best on The Avenue!
Thanks for the feedback. The spam issue is a very complicated issue when it comes to online marketing. There is a very fine line between what is considered legitimate syndication and what is considered spam. It is true that in order to get quick results in Empire Avenue you can spam your social network profiles and many people do it. I think that the trick is to take the good from the bad, and learn how you can use it for your own benefit.
At the end, Empire Avenue is only a game. And the beauty is that you decide how you “win” (high share price/high wealth/many new connections/improve social media)
I want to be a millionaire in a very short time