#169 - You Don't Recognize The Power Of This Compounding Force
Hey everyone, Kirk here again and welcome back to the daily call. On today's daily call, we are going to talk about why you don't recognize the power of this one tremendously good compounding force not only in your life, but maybe in your relationships, your business life, investing life, anything. Really, I think it comes down to it. But this huge thing that you don't recognize the power of, I think is good will. I think people don't recognize the power in this day. I’m talking generally. I’m actually not talking necessarily about a lot of people in the Option Alpha community because this is a really good community of people, very nice, very genuine people. There's a lot of smart people in this community and I respect that and I'm truly humble to be a part of it, obviously. But I think generally, people don't recognize the power of goodwill because they have to give a lot of it away before they ever see it come back around. You can call it karma. You can call it whatever you want. But I think that you’ve got to overwhelm people with goodwill, with like good intentions, with value and then eventually in the future, you might see that come back around. One of the reasons why I think that we started Option Alpha and basically have grown Option Alpha the way that we have is by giving a lot of stuff away for free. First, education, then we started giving away software tools. Now, in the very near future, we’re going to start giving away some of these auto-trading technology to everybody, so everyone can have the ability to trade, a couple of bots totally for free on us. Yes, it cost us money to have you guys do that, but I think it’s good. It's like giving away this goodwill, so you could learn how to do it and use it and execute it as much as you want. But you have to give a lot of that away initially before you see some small results and people just don't understand that. I still get people who email in and they ask things like, “Well, why do you give all this stuff away for free? You could charge for this." I’m like, “Yup, I could, no doubt. I could charge a lot of money for the trading that we have.” As we’re releasing this auto-trading software, we could charge a lot of money for the ability to trade using our auto-trading software, but we’re making the conscious effort, the deliberate effort and decision to give a lot of the stuff away for free, so that people have the ability to make better decisions and then tell five of their friends about us. And so, we have the ability to grow and reach more people and impact more lives by giving something away for free, having a little bit of goodwill and hoping that it comes back tenfold in return later on. That’s really the goal of what we’re doing. On the auto-trading side, because we’re getting closer to the launch of the auto-trading software, what we are going to be doing is we are going to be having a basically at the free level, the ability for people to trade and use our auto-trading software, but it is going to be limited to the number of bots that you can use or create. We wanted to have this ability and this was a big part for me in releasing this whole thing, is having some sort of small way that you can start trading auto-bots and auto-trading technology inside of your account at Option Alpha without having to pay anything. Now look. So that the record is clear, it does cost us money for every single bot that people create. It costs server times and server maintenance and systems and data feeds and everything. It costs us money to let people run this even for free. We don't have to let everyone run it for free. We are deliberately choosing to give a couple of bots away to everybody for free, recognizing that once you start doing this, you can do this by yourself with a couple of bots if that's just what you want to do. But once you start doing this and you get the hang of it with a couple of bots, you will want to start doing more and then of course, hopefully you upgrade and you choose to go to a higher level which pays for itself as far as value and what you get in profits and community as part of Option Alpha. We want to do that because I think that that shows the goodwill that we have in presenting this to the community, presenting this to the trading investors that are out there and giving you guys the ability to auto-trade by yourselves and rent out a room in our house on us to get your bearings and get your feet wet in this. And then if it is a good fit, then you can start going to the next level and if it’s not, then you can just keep the couple of free bots that we’ll give you and you can use those as long as you want on us and we’ll still continue to pay all of the server cost on our end and no fees to you. But if you want to start scaling this up and starting to build this into a real business or a real income generation stream, then you just have to help us cover the cost a little bit which definitely is going to be nominal to you guys. Hopefully this helps out. Again, I think I just want to talk about this today because I just… I don't know. Sometimes I find that people just don’t understand why we do things. Again, this daily call podcast is just a good avenue for me to tell everyone what we’re doing and why we're doing it and the thought process behind it. Hopefully this helps out. As always, if you guys have any questions or comments, let me know. Until next time, happy trading!