Hey guys,
I haven't written here in a while, as my central blog ScottMW.com has been my main place of posting, but I thought I'd give the people an update on my journey.
No, I haven't reached $5000 per month yet on a steady basis. But I have been on a long and bumpy journey! I went from spending about $10/day max advertising money to about $150/day within a matter of a couple weeks. What happened was I started getting into ClickBank and made what seemed like a lot of money (read more about this here) until I figured out I was spending more on average than I was making in the long run. So about a week ago, I decided to completely cut spending and see what happened with ClickBank.
Now I knew very well that I had to make up for the loss in some way, so I scoured the DigitalPoint forums for fresh ideas, talked to my friends, thought about it a lot and finally came up with a couple of solutions.
Anyone who knows me knows I started BlogFlare.com a couple months ago and it's been a decent success, having received a Google PageRank of 5 in its first month and already having over 400 active blogs in its index. So what did I do?
I began selling space for advertising on the site at $10/mo per ad and so far I've received about 6 subscriptions for it. Yeah, I know $60/mo doesn't sound like much but it is $2/day and anyone who is scratching by with Adsense knows that $2/day isn't bad!
So then a friend of mine suggested I help him sell advertising on a few other sites with higher PR and traffic, and we've been able to sell up to about $750/mo worth of ads on sites. Now I got varying percentages of each of those sales, so my individual income from these sales plus my sales on BlogFlare add up to about $410/mo so far.
Suddenly, it's jumped up to around $14/day from these sales alone!
The next thing I decided to do (based on a friend's advice) is creating proxy sites. You might be wondering "what the hell is a proxy site?" Well, I won't go into detail but essentially it's a tool that most anyone can use to browse the internet anonymously. The cool part is that these things make decent money.
Since I started about 4 days ago, I've been making around $14/day average from AdSense as a result of having these new sites, and it's going to get better with what I have planned. By the way, if you're interested in creating proxies, let me know! I am building a large blasting list to announce new proxies to my visitors, and so far I have over 300 subscribers.
So yeah-- I went from being in a rut to making about $28/day on average per month just from my online activities, and this is traffic that will build! In fact, I am getting over 15,000 impressions per day as a result.
The funny thing? I have still been getting ClickBank sales every day! For some strange reason, people are visiting my sites through organic search results and still buying the products. It's fantastic! However, I don't really count the ClickBank income in my daily average as it's never constant. I just consider it a bonus!
So now that I'm making a steady $28-30/day, I'm about 1/5 towards my goal. The sad part is that I wasted a lot of time getting here, but I've gotten here in the last week!
Good things are happening people. It's about to get crazy. :)
-Scott
Sunday, March 18, 2007
Making Money In A Whole New Way
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Thursday, November 16, 2006
How I Make Money Online
How I make money online is not very complicated at all. In fact, I'd like to tell you how you can make a killing by just working a couple of hours every day.
One of the methods is, of course, blogging. You might think that just because there are millions of blogs, you can't jump in and still profit. I'm here to tell you that the water is still warm, my friends.
Blogging For Money
Most people think blogging is all about what you write, but I would have to disagree. A very important part is how you blog. What I mean by this is that you can't just start writing and expect people to come to your blog automatically. There are ways to advertise and ways to organize your posts that will not only draw in more of your intended audience but also get more search engines to index your blog and faster. Just think, the faster and easier people can find what you're writing, the faster your blog will become popular and people will link to it.
First and foremost, a surefire way of getting search engines to pick your blog up in their spidering is to make your posts keyword friendly. Notice how I titled this section 'Blogging For Money' and I put it in bold. Search engines target key phrases like these and use them as matches to search queries. So if a random bloke goes to Google, MSN or Yahoo! and types in "Blogging For Money," my chances of getting a click have just increased because I used that specific keyword in my post. It's also not a bad idea to use specific keywords throughout your entries in general, either.
Now here's a rarely discussed little secret. If you want search engines to pick your blogs up quickly, you might want to try a little thing called "my." Haha. No, I'm serious. I'm talking specifically about things like Google's "personal page", MSN's "my.msn.com" and Yahoo's "my.yahoo.com." Each of these areas have something valuable in common-- you can add syndicated content (a.k.a RSS) to each one of them. All of them have a place where you can "Add Content" to your personal page, and typically you want to point them to your RSS feed. In fact, for each of my blogs I've done so on all three of them. If you have a Blogger blog, you would just type in http://yourbloggerblog.blogger.com/atom.xml and it should fetch your feed automatically for you. Leave it there for a couple of days and you should be in business. MSN is typically the fastest to spider web pages, so check for changes there the soonest.
Oh and don't forget pinging services. Where would we be without them? Make sure your blog is set up to ping at least Weblogs.com. In fact, if you go into your Blogger settings in the "Publishing" section, you should see the option to Notify Weblogs.com when you post. DO THIS! Every time you update your blog, it will get posted to several other similar services and whammo- you've just created backlinks to your blog. This is is probably the easiest way to get your blog into the search engines.
Before I forget to mention it, a great way to ping a bunch of services all at once is to use the Feedburner service. Not only are they great at making your RSS feeds easy to manage but they're also great at pinging (I think) up to ten services all at once. They also have a bunch of other great features and promotional tools, so I recommend that you check them out.
One more thing I can't stress enough for you to do to be successful is to make blogging friends. In other words, put their link on your blog and have them do the same in return. You will be helping each other out. Just make sure their content is similar and not questionable. Always make sure your content is not .. adult in nature. In fact, if your website has too many four letter words and such on it, Google may flag it as an actual adult site and you do not want that.
Speaking of Google, you gotta love Adsense.
Making Money With Google Adsense
Once you do get a lot of traffic to your website, you're going to want ads placed tastefully so that people can click on them as they please. Then you'll notice that since you've made keyword friendly posts (as mentioned earlier), Google will pay you more per click. If you don't have one already, you should go sign up for an Adsense account. You can do so by clicking on the Google Adsense button on the sidebar.
Probably the best thing about Adsense is that they pay well and then give you detailed statistics, divided by "channels." An Adsense channel is simply a category name you give to a specific group of ads you create. If you want a "Blogging" channel, you can create that and use it on all your blogs OR you can create a channel for each blog if you want to track them individually. It's really up to you how you use it, but it is powerful.
CAUTION: Under no circumstances should you ever click on your own Google Adsense ads as they will remove you in no time flat.
Making Money Using Affiliates
If you're not using Affiliates to grow your money, you should start. Websites like Clickbank (click for link) will pay you a lot of profit for selling their eBooks for them. Does that sound difficult? It's not. All you do is sign up (which is free) and then from the main page, click on the "Promote Products" tab at the top and then click on the "Marketplace" link on the subtab. All you have to do then is type in a keyword like "fish"and up come a bunch of eBooks! When you find one to your liking, just click on the "create hoplink" hyperlink next to it and type in your username. It will generate the link you need to use to sell the book and all you do is use the link in your posts to promote the material. If you're honest and give a good review, people will most likely purchase the guide. You don't have to but I like to verify that these eBooks actually work and aren't full of crap before I tell people to go buy them. Besides, it keeps people coming back when you help them out.
Speaking of reviews, it's a great idea to use whole posts to do reviews on relevant eBooks. Not only does this push you up in the search engines, but it's a great way or promoting the material. In general, you want to write like a 400-500 word post and include links to the product throughout.
Another thing you can do using Clickbank is create eBooks and have other people promote them in their blogs and websites just like you would. If you're good at writing and can export a word document to PDF, you're in business. Just make sure you read their requirements before you jump on it. I do know there is a $50 activation charge to become a publisher with them, but once you do there is big money in it if you speak the truth. Again, it's all about really helping people.
Blogging To The Bank
Now, I know I was just telling you to push products but here is one I honestly recommend. If you're serious about making money on the internet and you liked what I had to tell you here, then you will love Blogging to the Bank by Rob Benwell. I actually did a review on it a few posts ago. It tells you what I've described to you here in more detail and a bunch more. Too much to mention here, in fact. It's really a great guide. In fact, it helped me to get started here and it will help you as well.
Make Money With Good Content
And finally- I can't stress this enough. Don't write entries just to write them! Put some character into them and make them enjoyable to read. Read them out loud if you must. In fact, if you do read them out loud, you'll find it makes the reading flow much more nicely even if someone is reading silently to themselves. Make sure to help people and give them good, honest information but do keep in mind that blogs are like columns. You get paid to write your opinion and that's exactly what you should give the public.
If you have any questions or comments, please feel free to leave them in the comment box.
Thank you,
Scott
P.S. If you like the article, don't hesitate to tell people about how I make money online!
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Monday, November 13, 2006
Using ClickBank To Make Money
Using ClickBank To Make Money is not as difficult as it might sound.
If you are getting into the business of blogging for profit or even if you just really want to recommend a great book you found, you should definitely check this out. First and foremost, ClickBank sells eBooks and informational guides. Secondly, they pay you by referring other people.
eBooks and Informational Guides
When you want expert advice it's usually pretty hard to find, especially when it comes to making money online. If you can find an expert, great! But for those of us who aren't so lucky, we like dummy guides or eBooks that can give us step-by-step instructions on how to get money flowing into our accounts.
So if you wanted to become a profit blogger, you would probably want to go out and buy "Blogging To The Bank" by Rob Benwell. If you found that book interesting, you'd probably want to tell other people about it in your blog. So if you're going to do that, you might as well make a bit of profit from it, right? Of course!
The hardest part is getting people to believe you, but just make sure you recommend things that don't suck and people will naturally trust in you to be the middle man.
ClickBank is the middle man's best friend in this case. All you have to do is sign up and find the particular guide(s) you want people to purchase and put the correct link in your blog and voila! You are generating income by helping people. What better way to spend your life?
You can earn anywhere from 1% to 75% commission on a single sale at a maximum of $100 commission per sale. Typically, people will offer 75% so you're okay here.
Referrals
As I stated earlier, ClickBank is also a referral service. If you want other people to have similar success with their blogs and you help them out, why not profit from that, too?
According to ClickBank's FAQ, you will get 20% of the activation charge (20% of 49.95 or $9.99) and you will get 5% of the markup on any sale they generate in the future. You get enough of these babies going and you won't have to worry about much.
Conclusion
ClickBank is very simple to use and best of all, it's no risk to you or anyone else so people will trust it just like I do. So give it a shot, and start using ClickBank to make money!
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Using myLot To Generate Income
Using myLot To Generate Income
Now, there aren't many sites out there where you can just fart around and make money but if you're a fan of MySpace then you'll love myLot.
If you were to combine MySpace, Digg and Kazook, you would get myLot. This site combines the social networking of MySpace with the fierce competition of Digg and the payouts of Kazook. In fact, you can make more money on this website than with Kazook.
In the first few hours I used it, I made between 10 and 20 responses and started about 3 discussions. The next day, I had $0.20 .. which I admit is terrible. Today, I upped my responses to about 100 and started about 30 discussions to which some were heavily replied and I'd imagine I will get closer to $1.00 or perhaps $2.00.
That's great and all for someone who likes to comment a lot and get a lot of feedback from people, but this is a serious blog it has a specific purpose- to show you how to make money.
The real secret here is in referrals. If you can refer 50 people like me to the site who generate about $1.00 a day and you get 25% of the earnings (which you do), you're going to get around $25/day for doing nothing. ~$750/month is nothing to sneeze at and would be a great addition to your passive income and your asset column. See, the best thing here is that there is no limit to how much people can generate on this site ... sky's the limit. So potentially, you could refer 100 people and get twice that. It's all about the math.
Aside from all that, give the site a try and see what you think for yourself:
myLot - Money For Social Networking
When you do, let me know what you think and what kind of vibe you get. Success stories are welcome as well!
-Scott
Using myLot To Generate Income
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Using Kazook To Generate Income
Using Kazook To Generate Income
I just started using the Kazook service, of course, to give the good word to you great people. I thought I'd review it and make a bit of cash in the process.
The idea behind the service is that searches you'd normally just do on a search engine would probably be lost money to someone. Simply put, Kazook wants to be the someone it doesn't get lost to. By using their search tool, you get paid $0.01 per search you do and there's a limit of 200 searches you can do per day (or $2.00 per day) max to get paid for.
The secret to this site is referrals. If you can find a way to generate referrals, you get 50% of their commission. So if you refer 50 people and they all max out their paid searches per day, the site says you'll get $3,000.00 but I think you'd get more like $1,500.00 (50 * 2 * 30 / 2), plus your own commission.
What's cool is that if you can train yourself to search using only Kazook, and you max it out daily, you can pay for your cell phone or something like that. Not a bad trade-off for just searching on their website, I think.
You can test it out by clicking here:
Kazook.com - Search and make money!
Anyway, I've been using it for about 15 minutes and going search crazy. I've already made $1.00 but we'll see. Keep me posted with your earnings.
Using Kazook To Generate Income
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Sunday, November 12, 2006
The Richest Man in Babylon
(Review) The Richest Man in Babylon
Through a series of parables, George Clason manages to teach us some very important lessons about finance and the rules we must follow to attain wealth.
It starts out describing how a simple chariot builder wants to be rich, and so asks the richest man in babylon what he must do to make money. Once they find this man, he doesn't just give his secrets away all at once. Instead, he teaches them things like "make money your slave."
What he means by this is that money should work for you; you should not work for money. People often take what Clason calls the "children of your savings" and they spend them all.
There are tons of lessons like these in the book and I invite you to download it and read it. It just might open your eyes to a very strategic way of thinking about money and how to make it work for you.
The Richest Man in Babylon
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(Review) Blogging To The Bank
Blogging To The Bank
Okay, okay- so I gave the last eBook a good review because of its great organization, so you're probably going to think I'm just dishing out good reviews, but no-- what I'm doing is only writing about those with which I am truly impressed. After all, I did shell out the $27.00 to buy the thing to see if it's worth its salt.
Rob Benwell's "Blogging To The Bank" is a great example of what an eBook should be. Benwell is short and concise with this quick guide to generating cash with blogs. In fact, he is giving his very own secret away.
I followed his steps and in about an hour I had a blog up and running with code from Google Adsense, a ton of incoming links and a couple of articles up. In fact, that is exactly what he details how to do- research a market, create a blog, place ads on the blog, put content in the blog, get targeted traffic to the blog and a nice network of blogs to push your ranking up on the search engines.
Not only does he use a step by step method, but he also includes screen shots of what your process should look like as you go. If were to stress one thing to anyone looking to create an informational guide on making money, it's actually showing the reader what to do and screen shots are an excellent way to do so.
Benwell's screen shots detail how to go about setting up your blog and all the correct settings to make it an almost overnight success. If you follow the program guidelines, then in about a week you will be generating income and that's no joke.
Downs
The author could have gone into much more detail on some key sections where he tells us to visit his website for more information (an obvious plug) when he discusses things like "voodoo blogging."
Grade
I honestly give this eBook an A and I highly recommend that you shell out the $27. You will earn that back within the month if not less and you'll keep generating more income if you just do what the guide says to.
Blogging To The Bank
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Saturday, November 11, 2006
(Review) Rich Jerk: I'm Better Than You
Rich Jerk: I'm Better Than You (eBook)
Five years ago, there were a few choice eBooks out there describing how you could become a millionaire just by buying their book and following their instructions. The trouble was that there were no clearcut instructions on getting rich, they offered no real assistance and instead told you (with a lot of words) basically what you already knew. Today, there are probably millions of eBooks out there that are exactly like those and you should be very careful when paying good money for informational products.
I heard a lot of good things about the Rich Jerk's eBook. Despite his crude approach, I found him to be very informational myself so I decided to give his book a try just to review it for all of you good people. The book itself is $39.99, which seemed steep at the time, but later I found out it was actually a steal for the information he doles out.
Once I had the eBook, I opened it up with Adobe Reader and was greeted with a short intro that promised me a short read and a nice table of contents, properly linked to all the information. It goes over creating affiliate websites, pay per click strategies, search engine optimization strategies, selling informational products, buying on ebay and even goes into detail for beginners.
Now, normally when you buy an eBook you expect the worst and that's what you get. It took me about 45 minutes, but I read through the whole thing and found the instructions to be accurate and with just enough detail. I like to actually follow along and test these things for reviews just like this.
A main theme I noticed throughout the guide is that you have to actually get up and DO something, which is a problem for many people starting out but I agree fully. If you're not prepared to do *anything*, this will NOT work for you but if you're prepared to do a few things on a semi-daily basis, this is perfect.
Of course, I can't go into much detail as that would be copyright infringement but I will say this: This is one of the few good informational products you will come across and even if you're not good at making web pages, you can still make a lot of money using the Rich Jerk's techniques.
So to summarize- great book, solid information and I recommend it. Go grab yourself a copy.
Rich Jerk: I'm Better Than You (eBook)
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Kids, Start Getting Rich
Kids, Start Getting Rich
For anyone who lives with their parent(s), it’s time to take advantage of the situation for both your good and the good of your parents once you’re taking care of them. All too often, I talk to people still living at home (some in their 20’s) and I envy them. I think to myself: had I known earlier what I should be doing, I would be even richer than I am today. Think about it, if you start saving $25/mo at age 13 in your savings account, by 18 you’re going to have about $1500 (pre-interest). And that’s if you don’t get a job first!
Now, for the kid who gets a job at 16 and saves even a quarter of his paycheck, he is already preparing himself to be a wealthy man. Let’s say Jimmy makes $6.75/hour (California minimum wage) and works 20 hours per week. Now let’s say he keeps about 80% of that after the government takes its slice. Jimmy keeps about $432.00 and wisely decides to save half in his bank account. Each month for a year, Jimmy saves $216.00 in his bank account and soon he’s saved $2600 with interest. Not to mention, since Jimmy is such an excellent worker and hasn’t missed a day in a year, he gets a 50 cent raise and now earns $7.25/hour. For another year, Jimmy works 20 hours per week and saves half his paycheck. At the end of that year, Jimmy now has about $6100.00 in savings and could still afford to buy himself food, gas and clothing.
Wow, $6000.00 and only 18 years old. Even if this were only $5000.00, you’d probably still be impressed with Jimmy’s savings. Imagine if he had saved 75% or even 100% of that. My point here is to take advantage of living rent-free while you can, especially if you stay after high school.
The Richest Man In Babylon
Before continuing, I’d like to urge you to read this free eBook: The Richest Man In Babylon (eBook) by George Clason. In the book, Clason gives several very important lessons in the forms of parables. One of the most important of the lessons is to have your gold (money) work for you like a slave, and that’s what we’ll talk about next.
Make Your Money Work For You
Money is the best kind of worker; it doesn’t require food, sleep or bathroom breaks. It will work non-stop, 24 hours a day, 7 days a week, 52 weeks a year. The trick is getting it to earn more as it does work. This can be done in a number of ways:
- Interest on savings
- Earnings on stocks
- Profits from a business
- Many more…
Let’s talk about interest on savings, the most basic way to get your money to work for you. It’s very easy to understand: you put $10,000.00 in the bank and the bank gives you a 2% interest rate on your money, you earn ~$200.00 in interest. While you were sleeping, your money was making you a nice $16.67/month just for placing it in the bank. You can imagine having $100,000.00 in the bank and getting $2000.00 in interest or even $1,000,000.00 and getting $20,0000.00 in interest. Not to mention, that’s only at a 2% interest rate. Banks like INGDirect and HSBC offer accounts with 4-5% interest.
That is power. All you do is put your money in and let it grow. If you need $40,000.00/year to live comfortably and you have $1,000,000.00 in your HSBC account earning 5%, you can take out $40,000.00 that year to live on and leave $10,000.00 in there to grow. It really is a beautiful thing.
The same goes for stocks, only stocks are a fair bit riskier as they have the power to quickly lose value. On the other side of the same token, they also have the power to gain value extremely fast. Just think about all those people who invested in companies like McDonalds or Microsoft. They were either extremely lucky or paying close attention. In either situation, they were prepared to take that risk and it paid off for them, immensely.
I am friends with a couple who invested in McDonalds before its boom some time ago. They are now multi-multi-millionaires and do not need to worry about money. Talk about having your money work for you!
Now if you own a successful business (doesn’t fail within 5 years) and it grows at all, you are now earning money and it is working for you. Don’t confuse owning a business with running a business; I am speaking strictly of owning a business someone else runs. It’s a beautiful thing. This can be anything from a furniture store to renting out apartments and receiving money. I’ll leave that part up to you.
Surround Yourself With Rock Stars
Laugh all you want but I’m dead serious. I don’t mean rock stars as in just people who play fantastic music for a living. When I use the term ‘Rock Star,’ I’m talking about people you aspire to be like. If you aspire to be a football player, go make friends with the best football players. If you aspire to be a mechanic, go find the top notch mechanics and make friends. Or if you aspire to be rich, surround yourself with people who make more money. Why would I want to surround myself with these people, you might ask. Simple. Knowledge is contagious. If you hang around these people with open eyes, you will learn what they do through osmosis.
Football people talk about football, mechanics talk about cars, rich people talk about being rich. It’s all part of the game. People talk about what excites them.
But don’t stop there– if you want to know about anything, find the expert and interrogate them. You’re thirsting for knowledge and they have the elixir. Experts not only have experience but they’ve also had the experience of watching others fail and make big mistakes. If you want to be truly successful, you must learn from other people’s mistakes.
OPM - Other People’s Money
You can make a lot of money by working hard for a long time and saving. In fact, that’s the traditional thing to do and I wouldn’t be surprised if your mother or father told you to do so.
Imagine if you didn’t have to work so hard to get the same amount of money though. “Where would this money come from?” you might ask. Well, the same way your father probably got the loan to buy his house and got into 30 years of debt that took money out of his pocket, you can put money into yours. Banks, credit unions and various other loan agencies are willing to loan their money out for profit (as I’m sure you’ve heard).
Let’s say at 26, you have a decent credit score and are able to get a $300,000.00 loan to buy a condo duplex. You find a duplex for about $250,000.00 at about 6.5% interest. Your payment comes out to about $1850/mo after tax. Now let’s say you get two renters at $1300/mo each. Now you’re making an extra $750/mo for managing the apartment complex and you’re doing two things:
- Profiting $750/mo for doing virtually nothing, therefore increasing your net worth passively.
- Buying a piece of property but having other people pay for it.
So at the end of 30 years, you will not only have $270,000.00 in profit but you will also own a duplex which could be worth much, much more.
Now let’s say it’s two years later. You’re 28 and have built up extra cash from the property. Nothing has gone wrong yet, so you’re free and clear. Now you qualify for bigger loan since you’ve established that you can pay on time. You qualify for a bigger loan of about $325,000.00 so you find a house for sale at about $300,000.00 and snatch it up at 6%. After taxes, the payments come out to a nice $2000.00/mo and you’re able to find a renter at $2500.00/mo.
Now you’re earning $1250/mo passively and buying two properties. Imagine if you had 10 properties, or 20. You can see where this could go. Once the bank trusts you with their money, you can make money intelligently. You’re also working smarter instead of harder.
This is no secret, but more so a popular way to become wealthy in both money and assets.
Kids, Start Getting Rich.
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Getting Rich
Hello and welcome to my blog about getting rich and staying there!
If you aren't already, you should be thinking about getting rich and doing so with as little effort as possible because if you're like me, you're lazy and don't like people in general. For me, getting rich was simply a matter of being honest with myself about this and working around it.
From this point forward, I will tell you how I started getting rich and how I keep doing it.
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