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Investor Alexander von Furstenberg about Tradebanc A major investor in TradeBanc is the bright, young, articulate, internet-savvy venture capitalist, Alexander von Furstenberg—son of famed dress designer Diane von Furstenberg and Prince Igor von Furstenberg of Austria. "I'm fascinated with the barter business," he told BarterNews, "as well as the introduction of this major clearinghouse, and the internet. Taken together this will be an entirely new industry—hardly recognizable from the way it is today."Von Furstenberg said that as an investor backing TradeBanc he wants the company to become the dominant force within the industry, and expand in such a way there would be very few people or companies that could afford to buy it. "The opportunity is immense. This is truly a billion dollar opening," he enthused.In order to obtain a position, that no one else could duplicate, requires constructing a huge barrier to entry. This, in turn, revolves around building a critical mass by lining up affiliates—trade exchanges and corporate barter companies."It's a matter," von Furstenberg explained, "of being well-capitalized, having a reputable board of directors, and an excellent...more
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The Myth About Residual Income Online Everyone wants to have money automatically come into their account. Internet Marketers normally define residual income as a passive income you get month after month for no work on your part at all.It looks good. It sounds lucrative. However, is it practical? Let's explore some misconceptions about residual income.First of all, always consider anything that you do online to make money as a business venture. There are no cheap tricks. You don't make money by building a "magical page" and bringing in traffic. You, at all times, are still trying to build a "business." Only if you view it this way will you ever take your online efforts seriously.In any business, you always have to continually put in efforts. Internet Marketers make it look as if you earn residual income year after year without additional efforts, but that's not true.Normally, a marketer reinvests his profits in order to expand both his business and his profit. That's what most of us like to do. Also, it takes a lot of efforts.However, if your aim to make have a passive income source of a decent amount, then you won't concentrate on expanding your business. But, you still need...more
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