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Consumer Sentiment Index Rebounds From It’s Lowest Level in 28 Years

Wes — Thu, 01 Jan 2009 05:39:24 +0000

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending December 19 soared 48% from the previous week. Purchase volume increased 11%, while refinancing applications jumped 63%. Total applications and refinance activity were at their highest levels since July 2003.

On Tuesday, December 23, the Commerce Department reported that the gross domestic product, the broadest measure of economic health, declined at an annual rate of 0.5% in the July-September quarter. It was also reported that corporate profits fell 1.2% in the third quarter.

The Reuters/University of Michigan consumer sentiment index rebounded this month from the lowest level in 28 years. The index rose in December to 60.1 from 55.3 in November. Economists had forecast a reading of 58.8. The increase was attributed to easing inflationary pressures and a decline in gasoline prices. According to AAA, the price of a gallon of regular unleaded gasoline at the pump was $1.65 on December 23, compared with a record high $4.11 on July 17.

The median sales price of an existing home fell 13.2% in November to $181,300, from $208,000 a year ago. It was the biggest year-over-year drop since recordkeeping began in 1968, said the National Association of Realtors. The median price for a new home sold in November declined 11.5% from a year earlier to $220,400.

New home sales dropped 2.9% in November to an annual sales rate of 407,000 units, according to a report by the Commerce Department. The rate was the lowest since January 1991.

The National Association of Realtors reported existing home sales fell 8.6% in November to an annualized rate of 4.49 million units. Economists had expected an annualized rate of 4.93 million.

Meanwhile, the Commerce Department reported that orders for durable goods dropped by 1%, less than the 3% decrease economists had expected.

Upcoming on the economic calendar is a report on consumer confidence on December 30.

I can’t seem to find much good news out there lately… but what they aren’t reporting is the success that small home business owners are having, especially those that help others improve their situations and lifes.

Those of us that do already have our own real successful home based businesses aren’t worried and are actually doing better in this downturned economy. See how you can join us and get started for FREE at:

www.SpidersMarketingWeb.com

Wes

New Home Construction… Biggest Fall in 25 Years!

Wes — Tue, 23 Dec 2008 05:51:01 +0000

Last Week in the News

On Monday, December 15, it was announced that the National Association of Home Builders/Wells Fargo housing market index remained at a record low of 9 in December. That is the same reading for the previous month of November. An index reading higher than 50 indicates positive sentiment about the housing market.The Federal Reserve reported that industrial activity fell by 0.6% in November. Economists had expected a decline of 0.8%.

The Labor Department reported Tuesday that consumer prices fell 1.7% in November — the largest decrease since record keeping began in 1947. The report reflected a steep fall in energy costs, which dropped 17% in November, following an 8.6% decline in October.

On Tuesday, the Fed cut its key interest rate to a range of zero to 0.25%. This brings the interest rate that banks charge each other to the lowest level on record.

The Commerce Department said construction of new homes fell in November by 18.9%, the biggest drop in 25 years. The decline pushed construction down to a seasonally adjusted annual rate of 625,000 homes, the slowest pace on records dating to 1959.

The Conference Board reported Thursday that its index of leading economic indicators fell for the second straight month, dropping 0.4% in November. That was slightly better than the 0.5% decline economists had expected. The index is designed to forecast economic activity in the next three to six months.

Upcoming on the economic calendar are reports on existing home sales and new home sales on December 23, and durable goods orders on December 24.

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Home Prices Decline a Record 16.6%

Wes — Mon, 01 Dec 2008 18:48:44 +0000

Last Week in the News
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On Monday, November 24, the National Association of Realtors said existing home sales declined 3.1% to a seasonally adjusted annual rate of 4.98 million units in October from a downwardly revised pace of 5.14 million in September.

On Tuesday, the Standard & Poor’s/Case-Shiller home price index showed that home prices declined a record 16.6% during the third quarter from the same period a year ago. That eclipsed the previous record of 15.1%, set during the second quarter.

In an effort to loosen credit and get more loans flowing, the Federal Reserve rolled out two new programs that would provide up to $800 billion. The allocated funds will be broken out as follows: $200 billion to buy credit card loans, auto loans, student loans and loans to small businesses; $500 billion to buy mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac; and another $100 billion to directly purchase mortgages held by Fannie, Freddie and the Federal Home Loan Banks.

The Commerce Department reported Wednesday that new home sales fell 5.3% in October to a seasonally adjusted annual rate of 433,000, the lowest level since January 1991. The drop was larger than had been expected. In September, new home sales gained 0.7%.

Also on Wednesday, the Commerce Department reported that consumer spending fell by 1% in October, after declining 0.3% in September. It was the biggest decline since September 2001.

Orders for durable goods decreased 6.2% to $193 billion in October, more than double the decline economists expected. It was the biggest decrease since October 2006, when orders fell 8.3%. Orders for durable goods have now fallen for three straight months.

Upcoming on the economic calendar are reports on construction spending on December 1 and factory orders on December 4.

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Bad News In The News…

Wes — Wed, 26 Nov 2008 18:16:55 +0000

Last Week in the News

On Monday, November 17, the Federal Reserve said industrial output rose 1.3% last month, after falling 3.7% in September by the largest amount since a 5% plunge in February 1946. Economists had expected a much smaller increase of only 0.2%.

The Labor Department reported Tuesday that wholesale prices fell by 2.8% in October. The previous record was a 1.6% drop in October 2001. Economists had expected a 1.8% decline. The decrease marked the third straight month that wholesale prices have fallen.

Also, on Tuesday, it was announced that the National Association of Home Builders/Wells Fargo housing market index fell five points to nine in November, the lowest level recorded since the index was created in January 1985. The index stood at 14 in October after slipping three points from September. An index reading higher than 50 indicates positive sentiment about the housing market. The index has been below 50 since May 2006, and below 20 since April 2008.

On Wednesday, the Labor Department reported consumer prices dropped 1% last month. It was the biggest monthly decline on record since February 1947. The drop was twice as large as the 0.5% decline analysts expected.

The Commerce Department reported that construction of new homes and apartments fell 4.5% in October, the fourth straight monthly decline, and the slowest construction pace on record going back to January 1959. Construction fell to an annual rate of 791,000 units from a revised September rate of 828,000 units.

On Thursday, the Labor Department said new applications for jobless benefits rose last week to 542,000 from a revised figure of 515,000 in the previous week. The last time jobless claims were this high was July 1992.

The Conference Board said its index of economic indicators declined 0.8% in October, worse than the 0.6% decrease expected by economists.

Upcoming on the economic calendar are reports on existing home sales on November 24, and durable goods orders and new home sales on November 26.

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AKA: What To Do With Whiners…

Wes — Sun, 05 Oct 2008 16:19:52 +0000

“Learning How To Motivate Your Group”
(AKA: What To Do With Whiners…)

Home Business Entrepreneur,

Quick question for you… Have you ever been frustrated by the people
in your group that just can’t seem to get going… All they ever do is show up to the training calls and then pester you with questions or complaints?

Well what are you supposed to do? Ignore them? Motivate them? Cater to their needs? Cut them off completely?

This was the latest question asked by a fellow subscriber, and you’ll find the surprising answer to this important dilemma in today’s issue of the Magnetic Sponsoring Newsletter…

“Mike, I have no problem with introducing my daily consumable products to people and having repeat product ordering. We have a system in place to make this simple. Everyone loves the products!

Most of those who come on board for the business, no matter how much support I and my upline give, give up! If they’re not making a living in 12months…they’re over it! I have tried in various ways to encourage them, however, duplicating myself just doesn’t happen. Why?”

That’s a great question, and one that EVERY networker with at least 50 reps will start to wrestle with.

I remember feeling quite guilty… Almost depressed for some of the people’s lack of success on my team. In turn, I started spending the vast majority of my time developing new websites, new systems, and new tools in order to help them achieve the success they said they so badly wanted.

I basically stopped sponsoring all together and got into the dreaded “management mode”, where 90% of my time was spent on training and tool development.

But the funny part, is that nothing ever changed. It didn’t matter what I did for them. It didn’t matter how bad I wanted “success” for them. The people who were getting results, continued to do so, while those who were treading water, kept treading.

Understand this right now: The only thing you can do that will TRULY help your business and your team members is to lead by example.

Just do the things that you need to personally do on a daily basis to build your business - Advertising, Prospecting, Follow-up, and New Rep orientation. One training call per week for new reps, tops… Spend more of your time one-on-one with your producers, and that’s it.

Just as it is a sorting game to find new reps, it is a sorting game to find reps that will work and achieve once they join.

The sad truth is that 90% of those who start a networking business aren’t really serious about becoming self-employed. They are just looking to “buy some hope”, so they can quite the voices of discontent in their heads.

Soon enough, they’ll find an excuse as to why “it didn’t work for them”, and quit.

And there’s NOTHING you can do about it - So don’t spend your time and energy worrying about it.

DO NOT cater to their weakness. Do not change your tools if they are working for you. Do not change your websites if it is working for you. Do not change your system if it is working for you - just because it doesn’t work for others… It never will, and it’s their issue, not yours.

Build YOUR business. Lead by example, and the right one’s (the few), will follow you. Put your blinders on to everything and everyone else.

I tolerate ZERO negativity in my life now. Someone send’s an unfriendly email… Adios. They’re off my list and out of my life.

I was at a convention once and I asked a WHALE of a networking what I needed to do because my downline had gotten stagnant. (I had basically stopped recruiting). “Find new blood” was his answer, and he was right.

You’re not here to save people. You’re here to give them an opportunity to save themselves. Most won’t. And only they can ever change that.

As a business owner, it’s much smarter to find “Do-ers” and leaders than it is to turn people into them, (which is basically impossible without their personal conviction to do so).

It is also VERY important that you leverage LARGE numbers in your business building efforts, because you won’t even notice the whiners, complainers, and quitters when you’re dealing with thousands of people.

The best way to do that is to start advertising, then build and maintain a LIST that you drip on over time. Each new contact will bring new, interested prospects and reps to the table.

If you’re brand new to the internet world, or just don’t really know how to produce your own leads yet, take a look at my “Building On A Budget” course.

It will teach you how to generate hundreds - even thousands - of FREE leads per month using these 5 little-known, under-used online strategies that are easy to follow and simple to learn.

In fact, this material is so easy, and so effective that I’ll guarantee your results…

If you don’t produce at least 10-50 FREE leads per day using my techniques in Building On A Budget, you can send back the course for a full refund at anytime over the next 12 months.

If you don’t produce free leads, you don’t pay for the course. It’s that simple.

Sincerely,

Mike Dillard

314,234 registrations to WHAT?

Wes — Wed, 01 Oct 2008 22:53:47 +0000

Do You See the Unlimited Potential of The SpidersMarketingWeb Marketing System but Don’t Have the Foggiest Clue How to Make it Work for You?

Or If It’s Even Possible?

Take a Closer Look at What is Going on Behind the Home Business Scenes and

I Promise You Will LOVE What We NOW Have Cookin’

Great news Home Business Owner,

It is time!

Within the last few months many of you have signed up for the www.SpidersMarketingWeb.com System for one of many reasons. Maybe you were just curious to find out what all the buzz was about?

Maybe you were attracted by the FREE Home Business Multi-Income Stream opportunity that helps you to earn multiple streams of income - virtually hands free. Maybe it was the fact that the system is 100% free and comes with simple to follow step by step tutorial videos that teach you how to spin your own World-Wide-Web?

Or… maybe it was the amazing ability of the system to generate endless home business targeted leads that are 100% unique to you? Or the possibility you now have to attract countless new distributor team mates who are dying to join you in your new business?

Regardless of your initial reason for joining www.SpidersMarketingWeb.com I want to thank you and let you know that you are definitely in the right place at the right time.

Participation in the free business marketing system has spread across the globe beyond our wildest dreams. With more than 314,234 registrations and over 105,438 truely active members in more than 101 countries - all in less than 6 months - it truly has become a World-Wide-Web… And, We Are Just Getting Started.

As you most likely already know, due to this phenomenal growth we have had our fair share of growing pains; everything from servers crashing to email/username and password deliverability problems. But I am very excited to let you know that all those short term glitches have been solved and we are now ready to take it to the next level.

Over the course of the next few weeks we will be moving into the final stages of the BETA testing and entering the full Spiders Web pre-launch phase of the system. It is our goal to begin a brand new massive marketing campaign with the help of some very powerful joint venture partnerships.

Through this new business campaign we will be exposing Millions of people DAILY to the amazing benefits available only through the www.SpidersMarketingWeb.com System (Literally, absolutely no exaggeration). This campaign will leverage more than 37 different home business marketing avenues… including Television commercials on all the major USA networks.

And We Want To Share This NEW Traffic With YOU!

This new business program solves all of the “I haven’t been able to get any traffi’c to my site” problems experienced by 99% of those trying to make money from their own home businesses online. It truly is the “Holy Grail” of internet marketing for home businesses.

This is about as close as you get to a TRUE “Let me do all the work for you” business opportunity as you will ever see.

Obviously, our team won’t actually be doing it all for you, but the corporate marketing team and our team of joint venture partners will be coming pretty dang close. Our Team will do much of your marketing for you, to generate endless leads. Then they will do most all the follow-up and sales for you as well. They’ll even handle all support issues that come up. This is Truly the “Next best thing since sliced bread”

Look, I know it sounds a little too good to be true, but take a look for yourself and I can assure you that you will not be disappointed in any way.

But, I must also warn you, the next few days mark the end of the pre-launch registrations to get in on the ground floor. So, if having someone else do virtually almost all the hard work for you to working to make you a fortune online even sounds remotely interesting to you… then please, take just a few minutes RIGHT NOW to visit the following link to get all the details before it is too late:

Please Do All The Hard Work For Me at: www.SpidersMarketingWeb.com

Additionally, make sure to log in to the members area once you get signed up for FREE and see the redeveloped and dramatically improved Spider Web System and check out all the new home business startup system enhancements.

Click Here to visit your Spiders Marketing Web System NOW!

THEN, Hold on to your seat, we are about to take this thing to a whole new level.

Thanks and happy Web Spinning!

Wes Waddell (Team Member) and Kimball Roundy (Founder)

The Spider Web Marketing System