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1 Year Treasury Yield

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Subscribers to often get the flip side of that feeling, as in, "Boy, am I glad I was prepared for what's happening in the economy and the markets today." Let's look at three examples taken from Bob's Theorist of just over a year ago in September 2007, which he titled, Fasten Your Seat Belt. This is the best way I know to point out that those who got Bob's message one year ago have been well prepared for the fiasco that the markets and the economy find themselves in now.



Get tomorrow's financial news today. Don't wait until it's too late to do anything constructive about your finances. Get a free copy of Conquer the Crash when you subscribe now to Bob Prechter's Elliott Wave Theorist by itself or as part of the Elliott Wave Financial Forecast.

Excerpted from the September 2007 Elliott Wave Theorist by Bob Prechter

FASTEN YOUR SEAT BELT

1. "Investors should stay in the safest cash equivalents. There is a high probability that a financial crisis will expose weaknesses in overly leveraged banks. Make sure you are not one of the suckers who has lent them deposits. Real estate, stock shares, commodities, most bonds (corporate, municipal and mortgage) and even most bank CDs are likely to produce losses eventually…. I presume our readers took steps some time ago to protect their savings by keeping them in Treasury bills, Swiss money market claims, outright cash and as deposits in one or more of the perhaps dozen truly safe banks, money-market funds and insurance policies in the world, as instructed in Conquer the Crash. T-bills have outperformed the S&P 500 for the past seven years, and their relative performance is likely to soar in coming weeks and years, simply by not producing losses."

2. "The market is certainly poised for a panic. Confidence has held sway for 2 decades, during which time investors have become utterly unconcerned with risk. They hold a number of misconceptions that foster such complacency. The day the Fed lowers one of its rates or engineers a major temporary loan and the stock market goes down anyway is the day that investors will become utterly uncertain of what they believe about market causality, and panic will have no bridle. Sadly, Ben Bernanke will be blamed for the debacle, when all he will have been guilty of is serving an immoral monopoly, bad timing and failing to understand the forces at work. The third item pertains to almost everyone."

3. "Three things signal an approaching economic contraction:

(1) The yield curve is racing back to normal after being inverted for over six months… now that short rates are falling back below long rates, we know that the demand for short-term loans is down, indicating a cooling economy.

(2) Silver topped out over a year ago and remains weak. Silver is an industrial metal, and along with copper leads changes in the economy.

(3) The stock market seems to have begun wave c in July. That’s all you need to know to forecast an economic contraction.

"Economists are nearly unanimous that things are fine. If our Elliott wave interpretation is right, the economy is heading not just into recession but into depression. The size of the stock market decline will determine the extent of the contraction. The bigger it becomes, the deeper the contraction will be."

And it's not as if Bob's market insights stopped in September 2007. Far from it – every month, he publishes his current thoughts and logical discussions of what he believes will happen in the economy and the markets over the next few months and years. He always looks forward to try to prepare his readers for the worst – and the best. Merely chewing over current events is not enough to keep his interest, nor does he believe it's enough to keep his readers' interest either.

In fact, he just published his October 2008 issue, which asks the question: Have investors panicked and capitulated? The answer to this question is critical, because it goes straight to the point of whether the markets have truly bottomed. Toward the end of this month's issue, he explains how a bloated credit system with "backing" ensures deflation. What you read here now will prepare you to take care of your finances and your state of mind as more unprecedented things happen over the next few months and years.

Excerpted from the current October 2008 Elliott Wave Theorist by Bob Prechter

"Believers in perpetual inflation think that the government can keep assuming others’ bad debts infinitely. But it can’t. The only reason that Congress has gotten away with issuing this latest blizzard of new IOUs is that society is still near the top of a Grand Supercycle, so optimism and confidence still have the upper hand. But as pessimism and skepticism continue to wax and the economy contracts, the bond market will figure out that the Treasury will be unable to fund all these obligations with tax collections. Then Treasury bond prices will begin falling as if they were sub-prime mortgages. A collapsing bond market is deflation; it is a contraction of the outstanding credit supply. Recent bailout schemes will not reverse the deflationary freight train. They will serve only to confuse the marketplace and hinder the efficient retirement of bad debts, thus exacerbating the crisis and aggravating investors’ uncertainties and thereby falling right in line with the declining trend of social mood."
1 Year Treasury Yield
Long before I started my business, I realized that I wasn't good at telephone sales and that I would need to generate leads in another way. I developed a sure-fire way to generate those leads, interest in me, and my business, through the use of telephone market research.

There are many benefits of doing market research including the ability to learn more about my target market's behaviors and opinions, honing messages and presentations based on real, first hand responses, as well as, to test out new messages or theories prior to wide release.

As a website developer and consultant, my large market is businesses and my main target group is small business owners. In order to contact these owners I would need access to their contact information.

For my target market, I found a regional business development directory to be very complete including names, addresses, phone numbers and website information. Some of the information was a little out of date but it was going to be far better than just cold calling to reach "The Owner or Manager" and get successfully past the front desk person etc. For other Business-to-Business companies I might suggest the local Chamber of Commerce or Business Association. Contact lists may be purchased or leased from outside sources, however, that is beyond the scope of this article.

For a client of mine, who is in the property care and landscaping industry, I was able to suggest hitting the phone book in the areas he wanted to generate business in and call every twentieth or thirtieth name in the book. The only criteria his respondent had to meet, was that they are a homeowner or property owner. In his case, my client is located in a small town and most respondents would be homeowners. If he were in a major city I would recommend that he be calling property management companies and target areas of the city with a high concentration of houses. Most cities still have their phone books broken down by community or borough.

Developing the Survey

The first step in this process was to develop the survey. To do that you first need to determine the subject of the survey. This should also relate directly to the message you wish to communicate to the lead. For my company I wanted to find out one of two things: if the respondent had a website; what were the circumstances, experiences and opinions of having it, or if the respondent didn't have a website; the circumstances and reasons for not.

Tuning in the Respondent

As you can see, these questions relate to only one specific service - websites. This allows the respondent to easily understand what subject area you are talking about so that when you switch to providing your message they are already thinking about that subject. In my case, the respondent could easily tell that I was asking questions about websites, they probably figure that my business has something to do with websites.

Keep Questions Open Ended

The survey questions should be as open ended as possible. This is not scientific, as it cannot be quantified in small sample sizes, but it is the best way to avoid leading the respondent to a perceived answer. They may feel that you are looking for a particular response. This can happen when you use a scaled response survey such as ratings of 1 to 5 or 1 to

7. In my own personal experience this type of survey is best left to academics. In most cases you are looking for opinions and experiences of an individual. Ask questions like, "Could you explain how you felt about the experience when you last purchased a car?"

Keep Things Brief

There should be no more than 10 to 15 questions on the survey. The fewer questions and the more open ended the better the dialogue with the respondent and the more valuable the information.

The Wrap Up

At the end of the survey when I ask if they are interested in more information about my company and services they already have an idea of what to expect and are more likely to be open to hear and receive my message because there is no surprise and I was not beating them over the head with message. I merely made them think about their website or lack thereof.

Script = Professionalism

Once you have developed your survey you should write a script. I know - I can hear your sighs now - you don't want to sound like a robot or just another telemarketer but the use of a script will ensure that you sound like a professional. The danger with a script is that it might not be conversational or may not consider the person on the other end of the phone. To avoid sounding robotic and like you are reading a script you should read it aloud to yourself. If you are unsure about how it sounds try it out on someone in your home or office. The worst thing you can do is to call up someone and start in with, "Uuuhhmmm, could I speak to - uuuhhmmm?"

Your script should include a brief introduction. In my case my introduction went like this, "Hello, Mr. Adams. My name is Jay Gilmore. The reason I am calling is that I am doing some market research for my business services company in your area and I wanted to get some feedback from fellow business owners, like yourself."

Note that I didn't mention the name of my company. This shows the respondent that I am a person calling to talk to another person - people like to talk to people and not businesses.

Removing the Common Objection

The next words that come off the script are very important, "I am not going to try to sell you anything, and I just want to ask a few questions to help in planning my business."

This has worked every single time to break through the, "I'm not going to listen to a sales pitch" instinct that so many business owners and consumers have developed over the years.

Ask for Their Time

Now that I have broken through their resistance I am able to request permission and their time to do the survey. Be respectful of the respondent's time by making sure that the survey may be completed in less than five minutes. Tell them how long it will take - and be honest. It is not very professional to lie or mislead people about the time you are asking them for.

Once the survey is complete you should conclude by thanking the respondent for assisting you with your research.

The Marketing Starts Now - Actually it Already Started

The marketing part is next. In closing you should briefly introduce your company and the service being marketed. An example would be, " Thank you Mr. Adams for all your help. I would like to let you know that my business, Joe's Flowers is a local flower shop that specializes in arrangements and designs from North American plants and flowers. Would you be interested in receiving more information about our services and our company?"

After answering questions in your survey about flowers and their buying habits they are probably ready to find more information about your company and its products or services. Get their mailing address and / or email address and any other information you require to send them the information you want.

What to Send

Sending the information about your business can make or break this relationship. You have already gotten willing permission to send information to the respondent - now you have to send them something that will lead them to choose to buy your product or service or refer a friend or colleague.

The contents of the information package - be it electronic or print- should be a letter of introduction and thanks for the participation in the survey and some free and useful information that they will relate to regarding your product or services.

This information package is a first step to an ongoing relationship that will allow you to nurture goodwill and relationships with people who are actually interested in your business. The respondents will be expecting some form of marketing message but don't overdo it. Pushing too hard to close a sale at this stage will not work with this piece. This is not a direct mail promotion so don't treat it as such. That being, said don't hesitate to place importance and urgency on the message. Use benefit oriented copy to entice readers to take some form of action.

Follow-up Will Make the Sale - Well Some Anyway

As you bring the respondents closer to your business's products and or services by providing valuable information and examples of how it can better their lives many will choose to buy your products and services.

Give Up The Cold Call

You have now just read a great way to expose you business to new markets, new people, learn more about those markets and people, and get your message out - all with nothing more than a telephone and a list of phone numbers. What is best is that you were able to get people to willingly accept your message without the anxiety and resistance of a sales cold call.
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About Author
Both Michelle Welder & Talbert Williams are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Michelle Welder has sinced written about articles on various topics from Prospects, Real Estate and Cars. . Don't wait until it's too late to do anything constructive about your finances. Get a free copy of Conquer the. Michelle Welder's top article generates over 9900 views. to your Favourites.

Talbert Williams has sinced written about articles on various topics from Prospects, Bankruptcy Law and Debt Consolidation. . Talbert Williams's top article generates over 33100 views. to your Favourites.
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