I love all people with an entrepreneurial spirit. I am sure this is why I have always wanted to make money working for myself using my own ideas. The internet is a great place to do just this. There are thousands of success stories of men and women coming up with a great idea and putting it to work on the internet. Wall Street is much the same.
I have been watching a lot of Wall Street Warriors on Hulu. (If you haven’t heard of Hulu, check out what TechCrunch had to say about it here) It is a show about a bunch of people that make a living on Wall Street. There are day traders, hedge fund managers, floor traders, and every other profession that exists on Wall Street. As I said, I was immediately drawn to the entrepreneurial spirit of the show right away.
One of the stars of the first season was Timothy Sykes. He made a name for himself by turning $12,000 of Bar Mitzvah gift money into $1.65 Million in three years! Sounds like a great ROI to me. Sykes runs a blog where he actually tells a lot about what he invests in and even shows some of his daily earnings.
Now I’m catching the Wall Street bug (as if it is a new thing) and I have been watching a lot of CNBC. I have even joined a Virtual Stock Exchange where you can buy and sell “fake” money. The idea is that you can learn how to play the stock market without losing all your money.
Hmm… sounds like a great idea for affiliate marketing. Everyone is always saying you need to invest some money and start testing to learn how the affiliate marketing gig works. Of course, no one wants to put down a few hundred dollars when they have no idea what they are doing. And rightly so as many times it turns into close to 100% loss. I’m just thinking out loud right now, but somebody should try to implement this. Could be the next big idea.
Anyway… if you are maybe a little sick of trying your hand at affiliate marketing, maybe trading stocks would be a better fit for you. I suggest taking a look at that virtual stock exchange and seeing how you make out.
Virtual Stock Exchange on MarketWatch.com
P.S. In case you are interested, I’m down about $50 after starting with $10k. You have to join a game and I am in the “Beginners 10000.00 starting bank game” currently ranked 3,298. Let me know if you join and we can compete.
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I will be off to Italy for a vacation on Friday for two weeks! I am really looking forward to it. It will be my first time in Europe since I was five or six years old when I went to Denmark.
I will be going all over the country — Rome, Florence, Naples, Milan, and a few other cities. While I am there, I have no idea how much I will be updating this blog, or doing anything online for that matter. Hopefully my earnings won’t fall too low while I am gone.
Maybe I will have some pictures and maybe some videos for you to look at while I am gone.
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Nearly every affiliate network out there has a referral program that allows you to earn a percentage (usually) of your referrals income. We all know the revenue potential with these referral systems. Everyone dreams of referring the next super affiliate and making a few grand a month off of them. Awh… the beauty of residual income. If it were only that easy.
But how easy is it to get someone to sign up through your referral link. That all depends on you, the people that read the plethora of affiliate marketing blogs out there.
Say a blogger starts raving about this new network he just started using. This is the first place you have heard of this network, but you aren’t convinced that you really need one more affiliate manager begging for more traffic. After reading a few other blogs and forums, you read more and more about this network. It’s getting so much attention that you think, “I gotta check this out.”
Here’s the question: Do you go to the original blogger that first told you about the network and sign up with his referral link or do you just go straight to the network and bypass the referral?
Personally, I like to support the blogs that I enjoy reading. In the past, I have gone back to a blog just to find his referral link so he will get credit for me. After all, he did REFER me to the network originally.
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I had a great day yesterday. It was my second day running a new offer, and it is by far my best campaign ever. Hopefully it has the legs to go the distance and stick around for a while.
So yesterday saw a new record in revenue at $381.05, total spent at $158.89, and profit at $222.16. All of this was run through Hydra Network. I have a great affiliate manager over there that sends me e-mails everyday with the newest and best converting offers for search, e-mail, and banner. If you aren’t a member of Hydra, I highly recommend them. Leave a comment on this post or contact me and I’ll see if I can get you my great affiliate manager.
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Last month, I posted my first affiliate income report for the month of April. When I wrote the report, things were really starting to pickup for me. The first week or so of May remained the same. I was doing pretty good volume with a great ROI. The last couple weeks of the month, however, things started to slow down. Despite that, I still saw huge gains over last month.
My new record for total revenue in a month is $2805.72 and the new record for costs is $1807.38. This is a total profit of $998.34 with a ROI of 55.2%.
Despite setting the new records, I did not meet all of the goals I set last month. I wanted to do $1000/week (I only did $633.55) with a 50% margin for about $2000 profit. Fortunately, I exceeded my margin goal.
For the next month, I will keep the $1000/week goal but raise my goal margin to 60%. If all goes right, I should come close to $2.5k profit.
Last month I made most of my money with Hydra Network. I also did a significant amount of volume with NeverBlueAds. I am still running most of my volume to Hydra and I am planning to run a new campaign with NeverBlueAds shortly.
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Gas prices across the nation are well over $4 now. A few weeks ago I saw it at $4.69. Everyone is affected by the gas prices and most people are looking for ways to fight the rising gas prices. Going green is now a bigger market than ever before.
Cash in on Green
It’s time to take advantage of this huge market. Start thinking about what kind of offers people will want with the high price of gas. Most of the networks have free gas cards e-mail submits (NeverBlueAds actually has one with a $1.70 payout).
If you’re thinking of starting a blog… green blogs are huge right now. I just stumbled on a network of green blogs called Green Options that seems to get a decent amount of traffic.
Think about all the green-consciousness out there right now when righting ad copies. If you can hit that emotional trigger, your ad will have a much higher click through rate. Just make sure that your landing page matches the ad copy you write.
There are hundreds of different ways you can cash in on going green right now. How are you?
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