Making Money with Shorte.st

For the past 24 hours, I've bmake money shortesteen playing around with a new way to make money – It's called Shorte.st and it's a link shortening service that pays.  It's similar to adf.ly but I've found the payout to much higher in the short period of time I've been using it.

Here's a Guide to Using Shorte.st

How Much Money will I Make?

All depends on the number of visitors you can send.  With these types of link shortening services, it works best if you have a lot of traffic.  You'll need 1000+ people to visit your short link to see revenue over $1.

What Type of Content/Sites Should I Use it On?

This will work on general sites that have a big audience. Not niche sites.  So think wallpaper, downloads, pretty lady type websites.  If you have a twitter account with a massive following, then posting these short links there would also work well.

When Are you Paid?

On the 10th of each month if your account balance is larger than $5.  Payouts happen automatically to your paypal or payoneer account.

How to Make Lots of Money with Shorte.st

Ok this is where it gets interesting.  If you figure out a way to get lots of people to click on a link – and I'll let you figure that one out – then you can really take things to the next level.  For example, if you are getting lots of people clicking through a link to see a picture of a pretty lady,   you can host that image on your own website and surround it with your own ads.  So not only will you get paid when people click the link to visit your site, you'll also earn when they land on your site.

Don’t Let Your Bitcoin Be Lazy: Invest It!

Screen Shot 2014-07-14 at 11.47.02 amI'm not a fan of having large amounts of cash sitting around.  Some people believe Bitcoin is more like Gold or Silver then cash, and it should be sitting away in a vault somewhere.  But that is a risky investment strategy.  There is absolutely no guarantee the price of BTC will rise.  Just like cash, you shouldn't leave it sitting around.  Put it to work!

It's time for you to learn about how you can invest your bitcoin and start earning interest.  I've already earned a 60% return on BTC balance these past two month – unless you've also been investing your BTC, then your return over the past two months would have been in the low single digits (and possible zero).

Your Cheatsheet For Investing Bitcoins

  1. Grab yourself a BTCJam Account.  BTCJam is a Peer 2 Peer investment network.  borrowers can create listings and investors can choose to invest in individual projects, ventures, etc.   This means that people can borrow capital without needing to go through a bank.  These peer to peer networks have existed for a while with fiat currency.  But they are relatively new with BTC.  There are huge advantages to using bitcoin for a lending network.
  2. Start small.  One awesome advantage to BTCJam is there doesn't appear to be a minimum amount you need to invest.  That means you could invest as little as $0.01 in a listing.  If you're new to p2p lending then I recommend you start small.  Even just a few dollars.  This way you can get comfortable browsing through listings and picking the right people to invest in.
  3. Diversify.  Don't put all your cash into one listing.  p2p lending works best when you have a diverse portfolio.  Although as of yet, no one I have invested in has failed to make a repayment, I've factored in this risk.
  4. Invest only in A and B graded listings.  Investments on BTCJam are given a credit rating (A-E).  I use the filter tools to filter out any listings below a B grade.  This reduces the risk.
  5. Chose a range of long and short term listings to invest in.   Each listing has a term.  Some are 30 days, some are for much longer.  I choose to invest in a range of listings which feature various terms.  As BTCJam is quite new, I don't have enough data to figure out what is the best strategy for term length.  therefore I have a diverse portfolio.
  6. Be Smart.  Each listing has a grade and associated data to help you make an informed decision.  Due to the possible anonymous nature of Bitcoin, you can't expect every listing on BTCJam is going to deliver.  Therefore you need to use common sense.  Look at what your money is going to be invested in – is it just a pump and dump or is there a strong business case?  Does the borrower provide lots of details? Don't rush.
  7. Don't keep BTC uninvested on BTCJam.  Don't keep BTC just sitting in your btcjam account.  I recommend only transferring money into the network when you are ready to make an investment.  This is about risk management.  If anything happens to BTCJam you want your bitcoins to be somewhere else.
  8. Keep Reinvesting.  When a borrowers sends you a payout, use the payout to invest in something else.  Remember you can invest fractions of a bitcoin down to tiny amounts.  Keep your funds ticking over.

Have you been investing your bitcoin – make sure you let me know how you've been doing in the comments.  Remember, don't be a fool – put your cash to work!

Why You Shouldn’t Blog on Squidoo

I can't believe people are still slaving away writing articles on a website like Squidoo or Hubpages.  Here is why you shouldn't be and where you should be putting your valuable content instead.

Rubbish Payout

Some people have created hundreds of articles and spent god knows how many hours, yet they only make < $100 a month.  A month!  If you were to calculate your earnings per hour it would be well, well, below minimum wage.  In fact your probably working for a couple of cents per hour.    Your time is more valuable then your money.  Trust me.

You Can't Sell It

If a website of mine is making much money, I sell it.  It gives me cashflow to work on other projects.  When you post an article of squdioo – they own your content.  The only value it has is the ad revenue.  And if that dries up, you've got nothing.

You Have No Control

If the website your posting to (Squidoo, Hubpages etc) suddenly gets the big FU from Google, then basically you're screwed.  Furthermore, these websites can ban you at any time.

Cheat Sheet on What You Should Be Doing

  1. Build your own website.
  2. Your site probably won't rank within the first few months, and you'll probably want to give up.  This is where 99% of people fail.
  3. Keep adding new content – but it doesn't really matter how often.  I have a website which hasn't been updated in 6 months and it still brings in $700+ a month.  Every month.
  4. Use affiliate links.  It works and makes more money for less trafficked websites
  5. Don't worry about backlinks.  I posted an article on this site (which has no backlinks) and it made me $80 within an hour.  If you know how to write, if you know how to make a headline and if you know which topics to target, then you can do well without backlinks.  If you don't know how to do that write 500 posts and you'll soon figure it out.
  6. Stop working for cents!

PopCash Review: How I Made Over $2.5k

PopCash is a popunder advertising network that I've been using for the last little while to monetize some of the sites I own.  I wanted to share my experiences of using PopCash and how much I've been earning.

PopCash earnings

I don't use PopCash on all the websites I own.  For example, it wouldn't do well on a site like this.  But for say, entertainment sites, it would do really well.  One thing you need to know about popunder ads – you need to have a lot of traffic.  Luckily I do on some of my sites!

Approval and Setup

PopCash is by far the most responsive ad network i've come across.  I've never needed to contact support (because I've never had any issues) but they are extremely speedy when it comes to getting your domain approved.  Usually it takes just a couple of hours (if at all).  This means you can get started placing ads right away.

Ad Rates 

PopCash uses a dynamic bidding system.  Basically there is no set rate for your traffic.  It varies based on the location of your traffic and the quality.  It will fluctuate for day to day and depends obviously on advertiser demand.    I received around $2 for U.S traffic.  Some  days it is higher, some days it is lower.

I've tested PopCash against another popular popunder network and found that popcash pays around 20% more.  So far for my website, I have yet to find a monetization method that pays as well.

Payout

PopCash does pay and they always pay on time.  They say payouts happen within 7 days, but most of the time I receive my payout on the same day.  The minimum is just $10 and you don't need to wait 30 days or more.  You can cash out as soon as your account hits that amount.

You can request payouts to PayPal, Paxum or Payza.

In Conclusion…

If you have a website with lots of traffic and it's in the right niche (entertainment, wallpapers etc) then you should definitely try popcash.  Monetizing via other methods on these types of sites just don't make you as much cash.  PopCash is by far the best popunder network I've come across – they have the best rates in the industry, super fast payouts and a great backend.

You can join popcash here

2014 Challenge: Building an Authority Site

I already have one authority site, and it performs really well for both SEO and revenue. And now I want to build another. So I'm setting myself a simple challenge for 2014, to build an authority site.

Authority sites contain a large amount of content, which usually isn't focused on a very small niche. Instead it targets a larger audience and doesn't just rely on search traffic from Google. Authority sites will usually have large social followings and the site's content will be shared a lot through social media. Building an authority site takes months of work, and there will be a period at the beginning where it will seem as though there is no point to all the work. You keep posting content, and Google isn't showing you any love. But if you persevere, and manage to create a site with a good pagerank and search traffic, it will deliver revenue for years to come.

So here is my template for an authority site:

  • Niche – i'm choosing a general topic that I can easily write about: productivity.  I've written countless articles on this topic in the past and I can easily create more content on my own.
  • Content – I'll aim for the articles I write to be over 500 words each.  They'll also all contain an image, which will help them get shared on social networks.  I'm going to be producing content that I believe could go “viral”.
  • Frequency – I'm aiming to post 1 new article per day.  Anymore and I'll burn out.  Any less and I don't think I'll succeed.  I won't need to keep up this regimen after a few months where I can drop back to 1 post per week.  Google does prefer fresh content.
  • SEO – No backlink building.  I'll be linking to my site from existing properties I own, just so that visitors can discover my new website.    But that's pretty much all the off page SEO i'll be doing.  I'm going to do lots of internal linking (something which I've never done enough of in the past).
  • Monetization – Adsense.  I'm only going to add the adsense code when I start seeing a regular influx of traffic.  I don't bother adding ads on a site that isn't going to make at least $1 a day.  It's not worth the hassle otherwise.
  • Social – I'll try and build a large twitter following for the site.  I've always found this challenging and social is my weak spot.  I'm going to automate it as much as I can.
  • Design – I've gone for a premium wordpress theme which I know how to monetize.  I've seen it used on a friends site which generates 2k+ per month in adsense revenue.  I'm going to use the same ad placements (when I start getting traffic).
  • Hosting – I'm going to opt for some premium hosting, just so the site has some room to grow and I don't need to worry about moving it later on.  Therefore i'm putting it on Mediatemple.  MT is amazing hosting and much less spammy then Hostgator (which I also use).
  • Marketing/Advertising – I've got a couple of ideas.  I think I will try a couple of different forms of advertising and o some case studies.  But to begin with I want growth to be organic, and I don't want to spend money until I've got lots of content created.

So that's about it.    I'll keep you posted with a weekly update of how the site is progressing.

A Good Alternative to Zulutrade

I've been trading using the social trading platform, zulutrade for the last few months.   The one slight issue I have with Zulutrade are the robots.  Forex robots can work wonderfully for months and then suddenly start chewing through your cash.  If they did work consistently there would be a lot more millionaires in the world.

One excellent alternative to Zulutrade is etoro.

urleToro is a social trading platform that allows you to follow traders and automatically copy their trades.  The great thing about the platform is that you can autotrade with as little as $50.  This means, it's well within the reach of the new investor to follow a number of traders and diversify your portfolio.

There are also no robots on etoro as they use their own platform which doesn't allow it.

Furthermore etoro is huge.  It has by far the largest number of traders.  I'm looking forward to seeing how this platform grows over a number of years.  I think there is a lot of potential!

How I make moneyFind out more
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