Often when folks join Empire Avenue they have interesting expressions about how hard it is to get started. Some have likened the beginning with EA to trying to drink from a fire hose. A new player sold the shares of someone who had been helping him creating an unfortunate encounter with the more senior player. Smarting from his wounds, the newbie told me he thought starter pistols fired blanks.
EA fortunately has added tons of new information designed to help new players understand the rules of the avenue. We even have very excellent videos that provide amazing assistance and an awesome new wiki. I worry just a tiny bit that all this well intended information might contribute to the overload most new players experience.
Although it was a couple of years ago, I well remember my dazed and confused feelings about this wacky Empire. To make matters worse for me, I barely knew how to spell Social Media. In fact, one of my major goals in joining EA was to learn about the various social media platforms. I sort of looked at EA as a sandbox where I could play with social media to figure it out. As some of the marinated veterans encouraged me to join more, and more, and more and more networks…I wondered if signing up for social media networks could become a full time occupation. Thank goodness for OAuth to ease a bit of that pain. Trying to figure out the various networks and EA at the same time was daunting for someone of my limited skill.
I seem to have mostly survived. I have some reasonable Social Media networks, and my EA stats are decent…particularly for someone who does this for grins & giggles. Most important I have created some relationships that will be resources for my lifetime. That is the insight I really want to share when I was thinking about starting EA.
EA players come from all over the world and with such a huge range of backgrounds, skills, experiences, goals, and intentions. Accommodating this diversity is an awesome strength of EA. The strand that connects all of us in this social media game is that word social. Everyone who participates in EA is looking for a social connection with other people.
I survived my bumbling start down Empire Avenue strictly on the kindness of strangers. Folks who for no apparent reason reached out to me…not trying to further their own interest, but instead trying to guide a Texas bumpkin down the Avenue. They chose to pay it forward, and they changed me forever. I am grateful beyond words.
I am excited about the FAQ, the videos, the wiki, the FB, G+, and Twitter streams. I can’t believe how many folks are blogging and tweeting and talking about EA with their friends, family, and colleagues. But what I am certain is that if you really want to make a difference, reach out to a new player or two. Check on them, offer a bit of advice, and mostly listen to their anxieties and concerns. That is the critical success factor to make EA grow. We are all struggling together. Your experience can make a difference today. I am convinced if we all make just a small effort to encourage the new players there is no limit to what Empire Avenue can achieve.
I get that from a pure game play perspective, there are some investments that are problematic. Some stocks have such low dividends that an investment back is painful. Specifically that dividend number is .31 (e) today. We get to that number by finding the top 5,000 dividend paying stocks on EA. Since EA only will pay dividends on your top 5,000 investments, you need to eventually max in those accounts to maximize your daily income. That is a question of raw dividends regardless of the price of a stock.
Even understanding that, I think there are some good reasons to invest in the folks who invest in you.
1. The most important reason to buy back is because it is the best way to increase your share price. More people will invest in you if they know that you invest back. I buy you; you buy me; we both increase our share price. It is little happy dance that benefits us all.
2. The second reason to buy back is a bit defensive. If you don’t own any of my shares, you have very little leverage to keep me from selling you. Everyone finds a rough patch in the game. Divs drop a bit or your share price slows or perhaps an unguarded comment somewhere. Almost any reason including simply being mad at you for not investing back might provoke a sale. Personally I refer to the profiles that don’t invest back as my savings account. On the other hand, a substantial investment in me will almost always keep me from selling; since I know that you could sell me also.
3. I think it is good manners. When someone does something kind, I think it is good form to do something kind in return. We all smile when someone invests in us. Why not return the favor?
4. Social media at its core is a reciprocal adventure. I am not simply talking about a quid pro quo sort of you do this and I do that. I am talking about engaged relationships. I invest in you because I know that it helps you. You do the same because you know that my rising share price increases your net wealth.
5. There are often relationship benefits that you find from investing even in players who have a less than stellar ROI. Everyone on the Avenue knows what dividend they pay. Everyone on the Avenue knows her share price. Many folks who struggle with improving their dividends run shareholder only bonus missions. Others reach out with retweets or like bombs.
6. Finally you can’t grow your dividend payment forever, but all of us probably hope to keep growing our share price. That is sort of a sneaky way to tell you that eventually some new player is likely to look at you and wonder….Why would I invest in that?
Have you ever noticed that sometimes when you are trying to do one thing, the opposite thing keeps happening? I play a bit of tennis. I will practice really hard on my serve; then I go out to play and it stinks. I get frustrated & don’t even care; then I play great. Life is full of little ironies and unexpected outcomes.
On Empire Avenue, I have noticed two kinds of players. I will call them the Givers and the Takers. I know it is oversimplifying. I get there is a bit of mix in all of us, but you understand my idea. Here is the funny thing that I notice. The results end up opposite of what I might expect.
The self promoting, buy my shares, do my tasks, look at me I am so awesome folks seem to run into trouble. Because they are good at attracting attention, they often rise to the top of the new player leader boards. A bit longer view, finds them quitting or at best languishing along the sidelines. Selfish players looking out only for themselves seem somehow to get lost along the Avenue.
Folks who play the game looking to give back seem to have the best results by almost any measure of the game. Somehow real altruism seems the best way to have great results. I read a blog post by Charles Perky that mentioned how true influencers are great listeners. Somehow when we put others first our own stuff goes better.
I think that the selfish folks forget that in order to truly succeed we have to be mutually invested in each other. That makes your success my victory also. Your share price and dividends rise; so my wealth and income rise. As my profile grows, my investors benefit. Being a giver really is a great strategy to succeed on Empire Avenue…might even work other places.
Second…since I know that you won’t pay that much attention to my previous post. When you create a mission, please consider trying my personal rules for life. Others have called it the KISS technique: Keep It Simple Stupid!
Most people will not read your mission description. Many people struggle with understanding English. If you have more than a screen of mission description, you are begging for disappointment.
Buy me, Like bomb, Retweet type missions asking for a simple action are most likely to succeed. Interestingly I find that high reward missions generate more mission theft than rewards that match the ‘going rate.’
Match your reward to the task. A Retweet is simple; so folks will do it for a lower reward. The content will also make a difference. A beautiful photo or a nice quote is easy for anyone to share. Promoting porn, drug use, idiosyncratic politics, or divisive religious views is more problematic; so that mission will likely require a higher reward. If you want a long comment, recommendation, or a long video watched; match your reward to the task. Consider honestly whether you would do the task for that reward for someone you didn’t know or trust.
One of the older profiles on the Avenue offers very high paying missions regularly. I have done exactly two of them. I am not sure that I did either one of them correctly; so I just decided to pass. His long, convoluted descriptions just leave me baffled. Besides I can do 3 or 4 retweets in less time than it takes to read…much less do his mission.
Personally I despise the warnings against mission theft. Some folks claim it works, but I really hate the tone it sets. Sort of sounds like someone invited me to dinner and included a warning not to steal the silver. Also you set yourself up for a ton of work: checking, rating, reporting, & blocking on every mission will make that a full time job.
A bit long winded here, but I think I will conclude: If you KISS with the missions you create, you can have some very enjoyable results.
If you want to succeed on Empire Avenue, you need a WordPress account; preferably also a blog. Although EA has discontinued scoring other blogs for now, WordPress blogs hosted by WordPress.com only, count as an important EA Network. Not all networks have the same impact when it comes to producing dividends for your investors. WordPress is quite strong even after the recent updates.
Two reasons that you need an account.
First there are many WP missions. You must have an account to do those missions; so without a free & easy to create WP account, you lose opportunities to bank some big mission eaves.
Second you can build a reasonable WP network score with little time. EA does not seem to distinguish between original posts and reblogs. That means that you can reblog a few posts daily in just a few minutes. Most bloggers actually appreciate your reblogging because that extends their network reach. Get a few of your friends to like and comment on your blog in exchange for you giving them a few back. Suddenly you have a strong WP network score and a div jump that will make you smile! Don’t press your luck! Create a WordPress account and attach it to your EA account.
I posted about Pie upgrades a few days ago, but probably need to discuss the other really big painful expense that awaits you. Portfolio upgrades can be a challenge.
Your account begins with the ability to invest in up to 1,000 profiles. If you want to own more profiles (and you do); then you must purchase a portfolio upgrade. All upgrades can be purchased in the Empire Avenue Shop found by clicking the button toward the top right of most EA pages.
The pricing on portfolio upgrades is a bit confusing. You can buy with eaves or with cash. The cash price is $25 USD; until you get into the stratosphere. The eaves price changes according to your net wealth. My first portfolio upgrade cost 200,000 eaves. The Portfolio 13 upgrade that I am facing now costs about 13M eaves…yes that is thirteen million eaves to allow me to purchase 5,000 profiles. You have to be close to your portfolio limit before you can buy the next one.
The first Portfolio upgrades will allow you to buy 250 more profiles. You will know it is time, even if you are not paying attention, when you get the error that says you can’t purchase this stock because you have reach your portfolio limit.
There is always a great debate about if you should invest first in Pie upgrades or first in Portfolio upgrades. If you have invested in high dividend producing profiles, then you can grow your dividend income faster with Pie upgrades. If you invest in many profiles, you are more likely to get buy backs that can increase your share price. Buying the Portfolio upgrade while you are poor makes them cheaper, but you are poorer. I started with a few Pie upgrades then alternated between Pie & Port upgrades.
I often hear experienced players tell newer players to focus on Pie upgrades. That does make it easier for you to increase your investment them, but sometimes that might not be the best strategy for you.
I have paid for all my upgrades in eaves so far. If I had it to do over again, I would probably use cash for Portfolio upgrades. Better for the business of Empire Avenue and easier on me. Either way; just say: More Port Please!