Big Dog Heavy Hitters’ Co-op Program

I promised a review of the co-op advertising program that was mentioned in the Big Dog Heavy Hitters free report, so here are some initial results.

The basic idea behind the co-op is that you contribute to the advertising costs, along with any other members who want to participate in a particular advertising effort, and Rick Katz, the author of the free report mentioned above, personally places advertising, both paid and free, to recruit leads.

Every co-op member gets a share of the leads. It’s part of your job to welcome them and encourage them to consider joining the co-op (Rick has a nice email you can customize for this). You also get to soft-sell them an opportunity of your own, and of course follow up with them later.

Every member also gets a share of the membership fees generated by all this advertising. So you’re getting leads, and also earning back the cost of the advertising from new memberships in the co-op.

Normally, when I see programs like this, I’m skeptical. After all, I’ve reviewed a lot of programs that promise easy money, but they’re generally thinly disguised systems to make money for the founder.

The early results of Rick’s co-op are promising, though. I paid for a one-year membership, and that included a single share in the co-op. In a bit under two weeks, I’ve earned around 75% of that back. If I’d known earlier that the program would actually produce results, I’d have sprung for the lifetime membership, which includes two shares in the co-op.

Rick seems to know his marketing, and is doing great at getting people to his free report, which then feeds into the co-op. So if you’re looking for leads who are interesting in making money online, and want to recoup the cost of getting those leads, definitely look into Rick’s co-op.

To get started with it, download his free report here.

IM-Speak Translator

These days, it seems like there are a lot of Internet Marketing related phrases that are being misunderstood by the general public. So in the interest of public education, I thought I’d publish translations for some of the more popular of these phrases.

I’m Giving Away A Free Ebook

For some reason, this one doesn’t hold up so well in translation, but here’s what that phrase means in English. “If you read enough of my copy, I can convince you to buy something from me, so here’s an entire ebook worth of copy”.

Sign Up For Free Internet Marketing Tips

This basically means the same thing as the first phrase, but has slightly different connotations. In the free ebook phrase, the expectation is that the ebook will be on a single topic, and any offers in it will be on topic. Free tips tend to vary widely in the topics and the ways they try to make money from you.

My Coupon Code Server Crashed, So Everyone Gets The Discount

This one basically means, “I’m having trouble getting people to buy, so I’ll raise the price and give you a discount at the same time, making it seem like you’re getting a good deal”.

Only 5 Spots Left!

This one means, “I’m having trouble getting people to buy, so I’ll make it seem like everyone else is getting in and you’ll be left out if you don’t, too”.

Don’t Buy IM Super Product Until You Read This

This loosely translates as, “IM Super Product is selling like hot cakes, please oh please buy through my link!”

Buy IM Super Product And I’ll Give You Last Year’s IM Super Product For Free

Similar to the last one, “IM Super Product is selling like hot cakes, so I’ll give you an outdated product if you’ll buy through my link”.

Anyone have any favorites I’ve missed?

The Role Of Free Money Sites In Making Money Online

Regular readers will know that I’ve tested various free money sites.

Most people who want to quit a day job tend to look down on these sorts of sites. It’s understandable, after all you don’t make much at them. Generally 1 to 2 cents per ad you view, and the really good sites have at most 20 to 30 ads a day. Say $15 to $20 a month for a really good site.

Add in a few more really good sites, and get some referrals to them, and you’re probably looking at $100 a month. Definitely not enough to quit the day job on.

What’s missing in this equation is perspective.

Learning enough skills to be able to quit your day job and live from your online income is going to take time. See my post on How To Succeed In Internet Marketing for more details on the process. In the meantime, what do you do?

Let’s assume that you’ve got the right mindset, you understand that learning to make money online is going to take time, and you’re willing to put that time into investing skills. You’ll still have some online bills to pay during the process. Web hosting, ad tracking services, keyword research, etc.

All that can add up, starting anywhere from $25 a month for an all-inclusive site like SBI!, to as much as $50 a month or more if you get separate web hosting, ad tracking, autoresponders, etc.

Did the light bulb go off yet?

The proper use of various free money sites is not to replace your day job, but to allow you to bootstrap your other Internet Marketing efforts. While you’re learning how to get referrals to free money programs, you’re not only building skills, but you’re building an income stream that can pay for your entry into more serious Internet Marketing, such as building a quality niche site, or paying to have a product developed that you can sell.

You could pay for that effort with your own money, but how long will it take? Will your savings hold out? Building an online income stream using free money sites lets you have as much time as you need to learn Internet Marketing.

Some keys to doing this:

Pick only quality free money sites

Too many sites out there are scams, and won’t pay. Stick with sites that are known to pay out, and have a decent number of ads each day. I use Marketing Pond as a filter for free money sites. Marketing Pond only features quality sites that pay out, and you’ll have the added bonus that by promoting Marketing Pond you gain referrals in multiple free money sites at once.

Upgrade only when you can earn back the cost quickly

Free money sites make upgrades sound attractive, because they make money from them. You have to look, though, at the amount you’ll make extra per ad view, combined with the number of ads they generally have per day, to see how long it’ll take you to earn back the cost of the upgrade. If you have referrals, you can also figure in the amount extra you’ll make for each referral.

Some sites’ upgrade programs would take longer to earn back than the year that you’ll get as a premium member. Other sites offer lifetime upgrades that would take two years or more to earn back. Never assume a free money site will be around in two years…that’s an eternity for such sites.

The only site I recommend an instant upgrade at is ClixSense.

The ClixSense upgrade is $10 for 1 year, but you’ll earn it back within a month or two. You’ll immediately get access to about $5 worth of premium only ads, and then another 10 or so a day after that.

Most other sites’ upgrades don’t make sense until you already have a decent amount of referrals, and by that point you’ll probably be putting more effort into other Internet Marketing activities.

Never purchase referrals!

The free money sites often sell members who have signed up directly at the site, and don’t already have a sponsor. These members almost never earn back the cost of purchasing them. The same goes for guaranteed signups.

Remember that your goal is to make enough money to pay for other Internet Marketing costs, not to spend money you won’t get back.

So, if you’re just starting out in Internet Marketing but are in it for the long haul, start by marketing something like Marketing Pond. You’ll learn basic skills you’ll need later on, and won’t be leaking money out of your savings.

Eventually you’ll be able to pay for the more sophisticated tools you’ll need for other Internet Marketing efforts.

Wealth Toolbox Review

Okay, so this isn’t much of a review, because there isn’t much to review.

WealthToolbox.com is a site that claims you can “Join, Earn, and Learn”.

You join for free, and as a bonus they deposit $100 into your account. They invest that money (that they gave you) and you earn from the results. They also pay you $20 per referral, down 5 levels. So they’re paying out a total of $200 per member.

The learning portion comes from this line, “In time, we’ll create and give our members access to audio, video and web tutorials”.

Those tutorials do not currently exist. In fact, as far as I can tell, there are exactly five pages on their website (the main page, the terms and conditions, the privacy policy, the member account balance page, and the member referral page).

Reading their terms and conditions shows that after 24 months, you’ll be paid the balance of your account via PayPal.

This yells “SCAM!” so loudly that it’s deafening. A lot can happen in 24 months Internet time, let alone the fact that, officially, no money is going into the system.

Checking the whois report shows that the domain name was initially registered on February 27, 2001. The Wayback Machine doesn’t bring up anything, as the website specifically blocks their spider via robots.txt.

I’m sure that many sites have valid reasons for blocking the Waback Machine’s archiving of their content. But at 3 public pages, this site doesn’t seem to have cause. Makes me wonder what they’re hiding about the history of the site.

When I run across something like this, I try to imagine myself as the founder. How could I possibly get money out of this site, given that they provide the money into your account and (supposedly) invest it.

There’s this phrase in their terms and conditions:

Account payout is dependent upon you maintaining an active account and abiding by the Terms of Service and membership requirements.

The Terms of Service are on the site, but nowhere is there to be found membership requirements.

So here’s how I would work it. Provide some basic page that allows a member to track how much money is in their account. Send out regular emails telling members how much money they’ve gained or lost based on investments I’d made. I wouldn’t bother with the investments, the point is to gradually increase the amount in their account until they have a vested interest in getting the payout.

Then the “membership requirements” would kick in. They’d need to buy something through an affiliate link, or join a site, or do some other action that would financially benefit me. And I’d keep it up, making them do these things on a regular basis, for the entire 24 months until even the most strong-willed among them would give up in disgust (thus forfeiting their payout).

And if someone somehow managed to get to payout? The chances are good they’d have spent enough money along the way to let me honor it. Or I’d find some fine print in the unwritten membership requirements and weasel out of paying them.

At least, that’s how I would do it if I were unprincipled and unethical. Is that what this site plans?

I don’t know, but I’ll keep you posted.

Evaluating A Site’s Product Potential

This tutorial is part of an email course I’m developing on creating niche websites. So if it seems like it’s a tutorial out of the blue, that’s why. It makes more sense in the context of the email course, but I thought that my readers might get some use out of it even without the course itself.

While advertising is one part of monetizing a niche site, product sales are another. You can sell your own products, or you can sell other people’s products.

Right now, we’re not so interested in picking products to sell, as in simply evaluating whether it looks like the niche is one that has the potential to profit from product sales. Remember, we’re trying to pick the best niche to pursue out of our top three. We’ve already evaluated the potential for selling advertising on the site. Product potential is just one more aspect of evaluating the total potential of a niche topic.

So how do we decide if a particular niche topic has good product potential?

One simple way is to see if there are a good number of products already existing for the niche. The thinking goes, that existing products show a market demand for those products, especially if there are a large number of products.

We’re going to focus on other people’s products right now. You may actually sell your own product on your site, but making sure other people have products in the same niche tells us that there’s some existing market demand for products in that niche. The easiest place to check a niche is on the ClickBank Marketplace. ClickBank is a place for people to sell digital products (e.g. ebooks and software).

One of the reasons we use ClickBank as a first place to check for products is that it’s easy to search and, later, it’s easy to get a ClickBank account. Commission Junction is another marketplace for products and services, but you need an established website to get an account there, so we’ll wait on that until later in the process.

I’ll start with the keyword “golf swing”, to see what products are available. In the list that comes up, I see 7 or 8 good possibilities in the first page of results. Not every product that comes back will be a good match, but there are quite a few.

When I try “board games”, I see no good products on any of the results pages. This is not surprising, since the nature of the niche is that suitable products are not digital. We’ll search for non-digital possibilities later.

Trying “sewing patterns” at ClickBank, I get a couple of good possibilities in the first page.

So in terms of digital products, “golf swing” is the easiest niche to monetize with products. To find non-digital products, we’re going to search for affiliate programs offered by individual companies. We’ll use a site called Affiliate Scout to search for these programs.

At Affiliate Scout, “golf swing” returns 3 programs, “board games” returns 3 programs, and “sewing patterns” returns 0 programs. So a bit better for board games on direct affiliate programs.

Big sites like Amazon.com and Ebay.com also have their own affiliate programs, so you could search them for the topic keywords to see what sorts of products are available. Typically, every topic has a good number of results at both.

So in terms of basic product potential, I’d pick “golf swing” as the best of the niche topics, with “board games” coming in second.

We’ll see a bit later how to come to a final conclusion about which niche topic to go with, by combining the results of our various researches.

See you in the course!

Hub Pages, Giving Squidoo A Run For Their Money?

I just ran across Hub Pages the other day.

Hub Pages is a Squidoo like site, where you can create web pages about pretty much any topic, and earn a share of the advertising and affiliate revenue generated by the page.

The tools seem comparable, and make creating your page and embedding photos and videos quite easy. What distinguishes Hub Pages from Squidoo is the transparency of the accounting.

At Squidoo, all revenue goes to Squidoo and at the end of the month you learn how much each of your lenses earned. What goes into the calculation is a bit mysterious, but it’s definitely related to your lens’ traffic and page rank, and lots of other things.

At Hub Pages, you enter your Adsense id, your Amazon ID, your Ebay ID, and your Google Analytics tracking ID into your profile area. 60% of the page impressions generated by your page use your IDs. So you get tracking of those impressions through the various affiliate programs, and any income is paid to you directly by those programs. Hub Pages never sees your money.

I’m a big fan of Squidoo, but the transparency in Hub Pages is incredibly attractive. Being able to log into my Adsense account and see how many impressions and clicks I’ve gotten through my pages is very nice. Earnings should also tend to be higher, on average, with the 60/40 split.

Another great feature of Hub Pages is that you can create a link to one of the pages created by someone else, and when you drive traffic to that link you also earn a percentage of the ad impressions generated by that page for a while. So you can get impressions just by driving traffic to other people’s pages! This alone fosters a sense of community assistance. When other people can get paid to drive traffic to your pages, you won’t be the only one promoting them.

I haven’t yet created a hub over at Hub Pages, but will do so soon. I’ll add Hub Pages to my monthly income reports, along with Squidoo and Yuwie.

Click here for the Hub Pages tour.

Evaluating A Site’s Advertising Potential

This tutorial is part of an email course I’m developing on creating niche websites. So if it seems like it’s a tutorial out of the blue, that’s why. It makes more sense in the context of the email course, but I thought that my readers might get some use out of it even without the course itself.

Part of picking a topic for a niche website is making sure we’ll be able to profit from the site. We’ve already seen that one way to profit is by selling ads.

In the early days of a niche website, the easiest way to sell advertising space is through Google Adsense. If you don’t have an Adsense account, don’t worry…it’s far too early in the process to actually place ads on your site, and you’ll need to have a site up before applying to Adsense. A later lesson will talk about the right time for getting signed up to Adsense.

We can pretty easily check the amount that we would be paid per click for Adsense ads, by using the Google Traffic Estimator tool. That link opens in a new window so you can follow along here.

You’ll end up at a fairly complex screen. In the topmost box, enter all of your main topic keywords.

Down at the bottom, click the “Add” button to add “All Countries and Territories”, then click the “Continue>>” button. For the three main topic keywords I’ve been using as examples in these tutorials, what shows is this:

What I can see from this is the average amount of money that an advertiser will spend to get a single person to click on an Adsense ad. The “golf swing” topic seems to be the most profitable, given the same search volume and conversion rate, with “board games” being next, then “sewing patterns”.

This isn’t to say that board games and sewing patterns couldn’t be profitable topics! Adsense is only one way of monetizing a site. So it’s one indicator of a site’s profitability. We’ll look at other indicators as we go along, to come up with an overall sense of which topic would be most profitable.

For my own sites, I would want the main site keyword to command at least $1 Adsense clicks to conclude that Adsense is a viable means of profiting from the site. So as I continue to look at these niches, I’d want to see some other monetization options for board games and sewing patterns.

Next time around we’ll look at evaluating the product potential for the same site topics.

Keyword Research Tutorial

This tutorial is part of an email course I’m developing on creating niche websites. So if it seems like it’s a tutorial out of the blue, that’s why. It makes more sense in the context of the email course, but I thought that my readers might get some use out of it even without the course itself.

The point of keyword research is to identify existing online markets. These are people who are already looking for the information you have to offer. While Google’s keyword tool isn’t the best option for making a final choice of topic for a niche website, it is great at narrowing down a list of choices to the top two or three, and eliminating the obviously poor choices.

You can get to the keyword tool here. This will open in a new tab or window, so you can continue to follow along with the tutorial.

You’ll leave all the radio buttons and check boxes just like they are. The first thing to do is to take care of the test to make sure you’re a human. It’ll look like this:

Just type in the word that you see in the box below it.

Then, type the first of your topics into the keyword box, and click “Get Keyword Ideas”. You want a topic that is between one and three words. Two word topics are best.

What you’ll end up with is a listing something like this. I used the topic “golf swings” as an example.

The column labeled Advertiser Competition is intended to show people thinking about advertising sites like this how many other people are already doing it. We don’t really care about that column, except to note that having a lot of advertising competition means that when we start selling ads on our niche website, there will be plenty of people to buy ad space.

The columns labeled December Search Volume (and Avg Search Volume, not shown in my screenshot), are more important. These show actual amounts of people who are searching Google using specific keywords. Since Google is offering this information for free, we don’t get actual numbers, but rather a general idea of how large the search volume is.

How full the bar is represents how much search traffic that keyword gets. A nearly empty bar means that it gets practically no search traffic. A nearly full bar means it gets a lot of search traffic. “No Data” means that it hasn’t gotten any search traffic for the period shown.

The average search volume shows how much search traffic the term has received over time. This is important to contrast with the last month’s search volume, because some keywords are seasonal. They might get more searches at different times of the year. If we create a niche website on a seasonal term, we need to understand the season so we know when to expect traffic.

The first way to use Google’s keyword tool is to sort by the average search volume column (by clicking on Avg Search Volume). This shows you the highest traffic keywords first. When I do that with “golf swings”, I get the following:

From this, I can tell that the term “golf swing” is searched more often than “golf swings”. Further, I can see that “super swing golf” is either seasonal, since it had no search volume in December, or it was a fad that came and went. I’d stay away from that unless I knew more about why the search volume is so inconsistent.

On the other hand, the top searches mostly deal with people wanting help with golf swings. The top keyword, “golf swing”, has about the right search volume for the main topic of my site (that full of a bar usually means about 400 people a day are searching on that term). The other, related keywords, I’ll target with individual pages in my site (more on this later in the course).

The other way I can use Google’s keyword tool is once I have identified the main topic of my site for each of the possible topics I’ve identified, I can compare those main topics to see which is best. Let’s say that I have identified the possible niche topics, “golf swing”, “board games”, and “sewing patterns”.

I can type all three of those into the keyword box, like this:

Then I click “Get Keyword Ideas”, and when the list comes up I click on the Filter My Results link. It’ll show this expanded set of options:

Click on the checkbox that says, “Don’t show ideas for new keywords.”, and then click the “Apply Changes” button. The display should now look something like this:

From this, I can easily compare the search volume for the main topic keywords. I can see that the average search volume for each is good, and about the same. There might be some actual difference that Google’s tool doesn’t show, but I’d need to switch to professional keyword research tools to narrow it down farther.

I can also see that “board games” was higher in December, so obviously there’s a slight seasonal surge during the Christmas season.

So using a free keyword research tool, I’ve identified three possible topics for a niche website. There are lots of other factors involved, too, that we’ll deal with later in the course, such as the amount of competition (not advertiser competition, which is good for us, but other niche sites trying to attract the same organic search traffic), and how well each topic could be monetized.

But for now we’ve made significant progress! And your goal at this stage is to simply get your three best topic ideas identified.

See you at the next lesson!

Entrecard Widget Up & Planned Site Changes

I’m belatedly giving Entrecard a try, so the widget is in the far right sidebar.

Feel free to drop your card. I’m still getting a sense for how it all works, but I’ll likely be fairly discriminating when approving ads. I’m happy to show cards for visitors, but anyone purchasing a spot without visiting the site will need to be a site I feel is valuable to my readers.

(A side note…mere seconds after putting the widget on my sidebar, I had one visitor who had dropped their card, and about 8 people who wanted to advertise their card without visiting…new members have a very low advertising rate until Entrcard can see how many people are dropping cards, so probably get hit hard at first.)

In other site news, I’m going to be reworking my top menu bar soon. The “Featured Opportunities” page hasn’t been updated in ages, and I’m going to replace it with “Free Courses”. This will link to my own email courses, and to any others that I feel I can personally recommend. If you have a free course that you’d like featured on the new page when it goes live, use the contact form to let me know.

My criteria for courses is that they provide truly useful information, and any affiliate linking is soft sold. I’ll review any courses personally before they go up on the page.

The “Recommended Websites” page is also long overdue for a change, but I’m not sure yet what I’ll do with that, so for now it’ll stay as is.

An Obvious Truth Review

There’s an ebook making the rounds called An Obvious Truth.

Regular readers will know what I think about ebooks, from reading my How To Succeed In Internet Marketing post. So I opted-in and downloaded An Obvious Truth with more than a little skepticism. (That link goes straight to the PDF, so if you want to read it there’s no opt-in.)

It’s written by Armand Morin, a gentleman who has been marketing on the Internet since 1996. Armand’s style in the ebook is refreshingly frank. Here’s a quote, in answer to the question, “Am I going to try to sell you something?”:

Damn Straight! Why in the world would I even bother to write this fifty page Special Report, if I wasn’t?

It’s nice to have someone who’s up front about it, and doesn’t claim to have made a special deal or lost their coupon codes, or whatever.

The ebook itself is very nice. The basic strategy Armand proposes is to sell your own products through Clickbank. He doesn’t recommend you actually write the products yourself, but that you use PLR products or outsource the writing. Shoot for the $300 per month range, then repeat until you’re making $3,000 a month and more.

The ebook is primarily a feeder for Armand’s Internet Marketing Explained blog. On the blog Armand provides Internet Marketing tutorial videos. These are quite good, and not the run of the mill “guru” video. Armand clearly approaches Internet Marketing as a business, and it shows in his videos.

If you want to skip the ebook and see the blog directly, click on the link in the previous paragraph. The ebook itself is a fun read through, and great for anyone doing or thinking about doing Internet Marketing.

You’ll have to act fast to watch the videos on the blog, though, since Armand is launching a paid site on January 18th. I imagine the videos on the blog will go into the paid site at that time.