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March 1st, 2010

In the world of making money online everyone seems to gravitate twords fast and easy methods of making money online. The plain and simple truth of it all is there’s no such thing. Making money online is hard work and takes endless hours of dedication. And most people just don’t have it.

One look at the Digital Point forum in the Adsense section can show you how much people are chasing the easy money. Well, they think it’s easy.

One of the most simple way to attempt to make money online is with Google Adsense. To set up Google Adsense on your website you simply copy some simple line of code given to you on the Adsense website and paste the line of code on your website. then you just wait for the visitors to your website to click on the text ads. The problem most people find out is that not many people like to click the ads, and when they do, it does not pay what they though they would be getting paid.

So you want to join the race to riches and make money with Adsense? Lets look at the traffic you need to make money with Adsense.

To make just $10 per day with a 5% click through rate and getting paid .05 cents per click you are going to need 200 clicks, which means you’re going to need tons of traffic. That 5% is being generous. Most don’t get that high and the reality is that most websites only get about a 1% CTR and most clicks only pay between .01 cent and .03 cents. So, if you’re only getting paid .01 cent per click, you’re going to need 1,000 clicks to make $10, which means you will need 200,000 visits per day.

Does your website get this type of traffic?

March 1st, 2010

A pretty sick video of a Lamborghini LP-560-4 doing a drive-by in a tunnel. I’m not exactly sure where this tunnel is at? South Korea I think? Maybe someone knows?

March 1st, 2010

We see the question over and over. “How do I make money online?”. The answer is simple, quit asking how to make money online and start doing it. “But what should I do to make money online?”. The answer to that is simple too. You should do whatever you know.

Here’s things anyone can to get started in making money online.

#1. Start a blog. No, blogs by themselves won’t make money, you’re going to need traffic and then monetize that traffic. But if you blog about a subject you know about or that interests you. Starting a blog is fun and easy thanks to Wordpress. They can be set up and you can start blogging within minutes. There’s plenty of website that can show you how to get started and set it up.

#2. Sell products on Ebay. No, contrary to popular belief, making money on Ebay is not ancient history. Sure if you think you’re going to make a fortune selling pocket bikes you’re going to not be happy. But if you can find something unique you make or can sell you there’s still plenty of opportunity. I started selling my line of tshirts on there and sold tons of them. You just need to come up with your own idea.

#3. Sell memberships to your website. Setting up a membership website is painless and easy. If you don’t know how to do so, you can hire help from elance.com or ask for help in many of the webmaster forums. Thing about it. If your annual membership is $50 and you have 1,000 subscribers, that’s an extra $50K in you pocket each year. No bad considering you can do it all form home or from anywhere in the world.

#4. Start an e-store. Have a product you would like to sell? Skip Ebay and start an e-store. That brings you outside the confines and rules of Ebay and allows you to reach your customers using other methods such as Google Adwords advertising. Manny people have made fortunes going this route. The people that own www.myweddingfavors.com is a prime example. That website now does $80K+ in sales on a monthly basis.

#5. Sell your service. Have a special skill or talent you can sell? Good at coding, building websites, graphic design, freelance writing, head hunting? These are all simple example of services you can offer on the internet. Turn your talent into dollars.

#6. Sell information. Take you ideas and information and sell it in a “how-to” form via book or video. The “how to” book industry is a multi million dollar a year business and does not take anything special your get your empire launched!

There you have it! Get you’re empire started today and make your fortune online!

March 1st, 2010

Anyone who’s ever watched 5 minutes of TV at night in the last 6+ months has seen the infomercial for this product called the Snuggie. It’s just an ugly blaket that comes in ugly colors and his has sleeves so so you can wrap the Snuggie around you.

Like most people, I laughed when I saw this piece of garbage. But I knew they must be on to something when the infomercial for the Snuggie kept airing over and over and over for months on end. They would only keep doing this for the same reason that the Shamwow did. Because it’s selling like hotcakes to fat ladies. Not only is the Snuggie selling well, but $80,000,000 worth of snuggies have been sold.

The kicker? The “Snuggie” is the the first of it’s kind or the first to market. They just had the best marketing. And took it to the bank.

Check out this link for the video.

Snuggie Success Story

March 1st, 2010

Candy Spelling, the wife of mega producer Aaron Spelling and mother of actress Tori Spelling is selling the Los Angeles Mansion that the couple shared until 2006 when Aaron passed away. The home has a whopping 52,000 square feet and 26 bathrooms. It was featured in several of Aaron’s TV showing including Dynasty and Beverly Hills 90210. Candy is selling the mansion to “downgrade” to a 16,000 square foot $50,000,000 penthouse condo.

That asking price? Only $150,000,000

Someone get me my checkbook!

Here’s a video tour from CBS of the mansion, know around Los Angeles as “The Manor”.


March 1st, 2010

March, 2009.

The Real Estate Mogul Donald Trump backed a condo project in Mexico, only to have to project fall through. Hopeful buyers looking to get in on the ground floor of another Trump project lost $32 million is deposits. Would be buyers have be told their deposits have been spent and the money is gone and they won’t be getting a single penny back.

March 1st, 2010

Whenever we hear people say there’s no way to make money, I tell them that’s total hogwash. There’s all kinds of ways. Here’s a good article from Wired Magazine discussing fall and rise of Brock Pierce.

Basically what the article says is that Brock was the CEO of a dot com back in the day. Brock was 19 year old, making $250K a year as CEO, and living the life most dream of. Then it came crashing down.

Piece got the idea to sell virtual items such as swords, weapons, virtual money, etc in games such as World of Warcraft and Everquest while he was on a gaming binge mouring the collapse of his dot com company.

In a nutshell, he sells vitual weapons for actual cash to die hard gamers who are too lazy to play the game long enough to obtain the weapons in the actual game. Obviously Brock can’t play the game enough to make it profitable. So what to do? How about hire a few hundred poor people in China to play the game for you and obtain the virtual items. Then Brock buys the items from them and resells them at a virtual store. Brilliant….

STORY

March 1st, 2010

You may remember the video of FTVgirls.com owner Robert Simiar doing a 219 MPH high speed run in his Lamborghini Murcielago LP640? If not, search this site for “Robert Simiar”. I have the HD version available for download.

Anyways, it appears that the mega rich owner of FTVgirls.com has moved on to bigger and more expensive toys. Here’s his gold Lamborghini Murcielago currently for sale at Lamborghini Las Vegas.

And here’s his new $1,500,000 Bugatti Veyron!

March 1st, 2010

Robert Herjavec, a serial entrepreneur and CEO of The Herjavec Group shows off his small car collection. Robert Herjavec built his fortune by starting IT security companies and selling them to large companies for many millions. Robert’s 50,000 S.F Canadian mansion is also another hot internet topic.Too bad the knowledge about his own cars is not half as good as his knowledge about IT security.

Hey Robert, Lamborghini does not make a “Gallardo Roadster”. That’s the Murcielago. The Gallardo is called the “Spyder”. And how does the soft top fold down into a hard top? WTF?

Did you just hand your personal assistant a blank check and tell them to go buy those cars? Cause you don’t know jack squat about them.

Those things that go up and down on the side of the Murcielago that you think are so cool? Those are cooling vents that go up and down depending on the engine temperature, just like an engine fan turns on and off. They are called “bat wings” which is where the name “Murcielago” came from. It means “bat”.

March 1st, 2010

While I don’t get rich off my blog and most people don’t, that should not prevent you from trying. In fact there’s very few people that do make money on their blogs, and thousand more that attempt and fail.

You have Problogger who does well, Tyler Cruz, John Chow (idiot), Shoemoney (a-hole), and some others.

But if you put a lot of effort and time into your blog, you can’t made some pretty good money. You should be able to make enough money to pay most of your bills as long as you don’t live too lavishly. It should not be too hard to make $1,500 or so a month.

First you need to find a platform to build you blog on. Wordpress seems to be the best platform. Don’t buy some junky blogger blog. It’s a waste of time and you don’t have any real control over it. What if Blogger goes out of business or sells. You could wake up and you whole blog would be gone and you would not be making any money.

Second you’re going to need a domain name. It needs to be simple, short and easy to remember. WealthStore.com is just that. Keep it simple and east to remember. Also buy a dot com extensions only. Do not buy any of the dot net or other garbage.

Start posting. Do not buy advertising or any of that other junk. Just post. the most you post, the more traffic you will get. Post about whatever you want whether it applies to your topic or not. If you want to make money you have to have traffic. The way to build traffic is to post. Once you start getting some regular traffic, you can make money on the traffic. You need to have about 100 uniqure visitors per day. It should not be too hard with a little work.

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