Edited to add, if you are new to twitter and Empire Ave you should add these to follow first:
@empireave
@bgrier
@EvolveTom
@dups
@aaronkwhite
So for the little bit I have been able to check it out ( yeah i am at work and half working :P) The new dividends rule! Instead of having to dig up yucky stocks to make money, we can now actually invest in people we value and talk to again AND make dividends. Craziness!
After spending the morning dumping the stocks I was using for dividends, I finally saw value in buying the share upgrade. I can now buy 400 shares in people, and I am! I cleaned out the small stocks that weren’t moving in value and went and re-bought all the people I had to sell to buy my upgrades. The people I talk to, connect with, that influence me! My portfolio is sooo clean right now! I didn’t have enough money for all of them, but the few I have left I can pick up with my dividends.
I am also saving a couple hours a day not having to weed through all my investments and seeing who is making money, left the site or just not getting it. I have the people who ‘get it’, who interact, and it feels good. It is all the people that broke my heart to sell a few weeks ago for the share upgrades. To be honest, I will literally bawl if I have to sell them again for the next upgrade!
As an added bonus, now that my portfolio is clean I can actually filter my headlines by portfolio, and get relevant information, not just noise! I can actually watch for posts and blogs of the people I want to follow!
As nervous as I was about the dividend change, right now I am in heaven! wooot!!!
If you are looking for a post on how to buy.. not sure this is it, unless you want to do what I am doing and go invest in the people who are of REAL value to you! :O shocking concept lol
There are a LOT of new people coming in today! Wooohoo!! I thought I would touch on a couple things you should know to help you buy stocks and navigate the site. Feel free to yell in the comments if I am wrong on anything or if there is anything I should add.
The easiest way to go find someone with their ticker is to add it to the .com/ on the address. I am POOKA so http://www.empireavenue.com/POOKA will take you to me. This is a good reason to have a ticker that is easy to remember. I find I type them in there a lot.
We all have an ID number too. http://www.empireavenue.com/influencer/?u=769 is me. When the newbie row gets really busy and people keep falling off, you can take the person on the bottom, click to their profile and subtract one from their userid to get to the one before it.
Share sales and getting money. A lot of people learn this the hard way (including me). You only get money for max sales once. If the max you can buy in a person is 200, they are only going to get money off of 200 shares. So if you max someone out, sell them and later rebuy them they will not get the money the second time. This is to prevent people from buying each other back and forth to make money.
Another thing like this I ran into was that I sold someone and 2 days later rebought them (under the max) and they did not get money for that either. So when you are buying those lovely newbie stocks, you might want to keep that in mind. I have dropped to buying 50-75 in them so that if I am going to rebuy them later, when they do need the eaves ,they can still get them.
When you send your invites, you will want to make sure you have talked to who you are going to invite and make sure they will accept. The first couple achievements are tight, so you don’t automatically get more unless they accept. Once you have a couple of achievements they give you lots and you don’t have to worry anymore. I have heard that if you ask for more they will give them to you. But I haven’t had to do that yet.
And beware of the newbie bump. You might want to look up that post on here so that you know it is coming and don’t get discouraged by it. Go spend your eaves, meet some new people and invite your friends and welcome to the Empire Avenue addiction!
Ok I tried to write that while I was trying to keep up with twitter and facebook and buying people haha I hope it actually makes sense!
Oh and dont forget to check and endorse the blogs while you are buying stocks. It will make you more money. If you don’t have all your endorsements, tweet it with the #empireave and we will go do it
So you are new to Empire Avenue and open your account. All of a sudden you are getting love all over the place. People are buying you and checking you out and you have money flying at you all over the place. You think WOW this is awesome.
Then 2 days later your stock plummets and no one is buying you. You start thinking THIS SUCKS. Why is my value dropping? Everyone is selling you. I am going to pretend i am a total innocent party on this hehe.
In order to really get to “play” this, you need eaves. Newbies are a great way for the players to double up their money. Everyone races to buy in at 10 and then races to sell at about 17. They make more money, and you get cash to start investing. Just don’t take that OUCH stock drop to heart. There really isn’t anything you can do about it. (Realistically you shouldn’t be rising that fast anyway. My first day here I closed the day at 10.410)
There are a couple things you should be doing in the first day or two to keep your investors, and get other people to start buying you.
1. Buy people all over the place. You want to get around as much as possible. This is like a cocktail party, you want to mingle.
2. Thank people for buying you. It is an easy ice breaker to start conversations with people.
3. Follow the people you connect with on Twitter. A lot of people starting are not using twitter much, and if you get the hang of it and start conversing with people you like you will use it more and your value will go up naturally, without using unnatural activity, which is hard to keep up. (yeah huge run on sentence .. shoot me)
4. Fill out your profile! I don’t understand why so many people miss this step. We need a picture. I don’t care if it is a flower or a dog or a unicorn. Having the default pic up there screams I am not active and I don’t care. I don’t really care what your bio says about you. Sure, I like interesting ones, but even if it just says “hi how ya doing?” the effort has been made to get it done and you have tried to make those nice easy eaves for those achievements.
5. Brands and interests. It is easy money if you fill these out. And if you use them well great for finding people to invest in. I use mine a lot. We use it as a search tool to find each other. If you have a large group of friends showing up here, you might want to do the same. Use an interest as a keyword you all put in and then you can click it to find your friends.
6. Twitter your ticker! Twitter is excellent for your stock price. The people who have the money to buy you are watching that #empireave hashtag. Trust me. You want to be tweeting that you are around and are joining in on the conversation and free ads rock!
7. You need to have your twitter and your facebook and any blogs you have hooked up. The more you have, the more people will want to invest .
Give your stock 2-4 days to find the natural level it should be at. THEN look at your activities and see if anything needs tweaking. Don’t panic about your stock until then.
That’s what I have for now. Just food for thought. And enjoy the Newbie Bump!
So Monday, as usual welcomed a lot of people with lower stock prices than when they wandered off on Friday. Shock seemed to spread through twitter. It happens every weekend. We all tweet and blog and trade during the week, and then the weekend comes and I would guess 75% of us wander off to go do real life stuff. Empire Avenue for some crazy reason doesn’t count real life stuff so stock prices drop. Even me, whose facebooking and tweeting tends to stay the same drops.
I am hoping this levels out as more users come on. I think a lot of the drop comes from not as many people buying and selling. So you wander off, your activity drops, you have a little price dip. No biggy. BUT then like this weekend a whole bunch of new people come in, and your stock that was 18-20 sure looks looks tasty to sell, and that little negative number triggers some crazy reaction in out brains that screams sell! sell! Must buy noobies!
NOW that little price drop that was no big deal turns into a bigger price drop. And other people looking at buying noobies look at it and go hey! I could put that money in a newbie too! By the time you come back Monday you price went down, enough to make it an ouch.
The plus side of this is, The people you have been influencing already know you are a good stock, rebuys are easy (and hopefully they haven’t maxed you before so you get the cash) and people who were looking at you before but couldnt afford you, or didn’t want to spend that much get to grab you on sale. Rebounding from the weekend drop is super easy, and once you go through it a couple of times you get the hang of it. You check your stocks before you sell to see if they are just out bbqing with their friends, or took a holiday, or if they just seemed to wander off.
The HUGE plus side of this is in reality you make more money. I keep running into this ‘issue’. People haven’t been selling me very often. The did a whole bunch when i hit about 20. I was their ATM, need cash, sell Fray! It was a little heartbreaking because back then you could see the sale and knew who to be annoyed with lol. Now you don’t really and it is much better. But see those stocks resold. And when those stocks resell you get more money. When people hold your stocks and keep them you don’t. You run out of stocks. And that is really really cool, BUT those upgrades are expensive. They knock a huge chunk out of your portfolio, and your money to play with. When you get sold, it is more eaves in your pocket in the long run. Trust me.
Just go buy someone else you were eying up next Sunday or Monday, and don’t get too hung up on it. Just think of all the money you will make reselling those stocks