1. Before you join, be sure to have your .jpg for your avatar lined up, and be ready to immediately link your blogs and your twitter, facebook, youtube, flicker, fousquare, facebook page, & linkedin accounts before jumping in (The reason I say this is that your "recent arrival" time is the time you are most prominently displayed, so that you shouldn't waste that time by having no avatar and no linked accounts for people to look at). It's probably a good idea to tell some of your friends who are already on Empire Avenue just before you join, as they will be avid buyers.
2. In the beginning you will have very little 'money' so in that early stage don't buy any stock in anybody unless they've bought stock in you. You will receive a 'commission' when people buy your stock (in the beginning it's 50% of the purchase price; it drops down to increments until it's only 10%). Take at least 75% of each 'commission' and invest it in the person who bought your stock, unless it's really someone you're sure you want nothing to do with.
3. Although Empire Avenue purports to measure your social media activity on other sites, it also measures your activity on Empire Avenue, so if you want to have good 'earnings' & 'dividends' & a good stock price, you should be active on Empire Avenue doing things like: endorsing people's feeds & blogs, giving people 'thumbs up', and communicating. (I've been told that buying stock in small increments, instead of large increments, increases your activity, but I don't know if that's so. There are specific ways, other than simply being active and 'influential' in social media, to increase your E.A. dividends, such as diversifying your activity over different social media sites, giving a lot of "likes & comments", writing blog posts, etc.)(I'm not really one of the experts on supercharging dividends; if you can get one of those experts to let you know how it's really done, I'd be curious to know what they say :)).
4. Don't join Empire Avenue unless you're prepared to 'take a hit' when you 'unplug'. If you take a vacation, or a weekend, or are busy with work or family, and reduce your tweeting and 'facebooking' and Empire Avenue activity, etc., even for just a couple of days... your dividends and stock price will sink.
5. Don't join Empire Avenue if you're worried about getting another internet addiction; it's fun, but it's addictive.
6. The best way I've found to view, and to keep track of, your EA portfolio is the new website http://empireave.net developed and operated by (e)BEN and (e)CLOUDOWL. You can download your portfolio and save it as a spreadsheet.
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in New York City. My social media activity is an outgrowth of my blogging. My blogging sprang from my belief in the rule of law and in democracy. I'm
I wish I saw this before I joined, but I think I'm doing alright considering, thanks to a little financial investment from you and a boatload of others. I have, however, shared this with the folks I've invited. Cheers to a terrific start-up guide!
ReplyDeleteThank, Kim :)
ReplyDeleteThanks to Kim C above, I found your great list, for which I thank you both! The one thing I would add would be a little clarity on the claiming the blog thing. I had left my two sites as RSS feeds until I saw that even though endorsed by many it had not converted. There is so much to do and all very quickly, so I missed the whole code in front of your newest post requirement til now. I hope to stay on track with the help of people like you - thanks Ray!
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