Comments on: Make Money Blogging Selling Your Own Crap

By: bk

bk — Fri, 03 Jul 2009 20:54:09 +0000

haha, Tim Sykes Self promotion machine.

You can’t make much money with his system because it can’t be scaled up. Not Liquid enough.
But you can make a little change.

By: Dave Parizek

Dave Parizek — Thu, 02 Jul 2009 03:44:26 +0000

Making money trading gets harder and harder as you put more money in to play. Like it is much easier to make 100% a year on 50K than it is on 500K.

But Splork – I am most curious about explanations for why you have not done as well as Court and Griz with your efforts in adsense websites. Does it come down to not being able to get the backlinks? Any clues?

By: Gary

Gary — Wed, 17 Jun 2009 23:06:21 +0000

Why not just make millions trading?
Two guesses. One you answered: He likes the attention.
The other is that trading is very stressful. Esp compared to selling stuff.

By: Splork

Splork — Wed, 17 Jun 2009 12:28:16 +0000

True enough Gary.
I think probably his methods are as good as any. Trading is an extremely hard thing to make money at. He is just an extremely effective marketer of himself. I’ve never seen anyone pump themself up like he does. On Twitter. On his blog. He REALLY knows how to market. I’m cynical enough to look at his whole enterprise sideways, meaning if he is that badass of a trader then why all rah-rah look at me trying to sell all his shit? Why not just make millions a day trading? Most likely he is a good trader but he just likes the attention.

By: Gary

Gary — Wed, 17 Jun 2009 11:54:32 +0000

Actually, the problem is, trading isn’t a part time pursuit, if you want to be successful at it.
So its no wonder he’s not making much.
But as you say, it doesn’t look too good, and isn’t really selling how successful his methods are.
From that basis, they could be shit, or they could be great. Who is to know?
This is how he should have played it. Taken 3 months off marketing, devoted it to trading using his methods, then come back and tell how much he made per month full time.
if the numbers are good, he will sell his product like nothing else.
If his methods are garbage, best to keep his pitiful earnings to himself…..

By: Splork

Splork — Tue, 16 Jun 2009 12:36:07 +0000

Yea, unfortunately with the economy where it is and unemployment rising people will do/try anything to make some money. The quicker the better. The easier the better. Trading stocks daily like this dude does where he holds for only a couple of days is incredibly difficult. He obviously does OK based on his results.

But here’s the thing: look at Griz and Court to a slightly lesser extent. They make their money doing what they talk about. They don’t service a product of membership. They figure they make enough actually doing than being a marketer.

I would be more impressed with this guy (Sykes) if he poured his efforts into trading and if you wanted to you could follow him. Maybe his “alerts” is enough to service. Then again I get what he’s trying to do which is teach a man to fish instead of just giving him the food. But couldn’t that be accomplished with daily (free) tutorials? Apparently there is never enough money and the easy money is to sit down and produce a bunch of DVDs that you flog constantly. It’s not how I would run my business as I think it looks cheesy and smells, but then again I’m not motivated to making tens of millions of dollars from people buying crap that I could give away for free given that the techniques should be enough to live on. dig?

By: Mike

Mike — Tue, 16 Jun 2009 01:52:16 +0000

Great article, Splork. You hit the proverbial “infoguru” nail right on the head. All the big names can’t possibly be making the amount of cash doing what they teach as they generate from selling info about it. Maybe someone should sell info about how to make money teaching how to do what you teach. Now that would be a killer money-getting niche…
kidding of course.

By: River

River — Tue, 16 Jun 2009 01:47:48 +0000

What appalling stupidity! Showing people that he only made ~7% of his income from trading? What a brilliant illustration of how important it is for people to do their due diligence before forking over their credit card. Reuters’ story on Sykes was titled “Failed hedge fund manager tries again on Internet”. That should have told people something, but apparently not. P.T. Barnum was right – there is “a sucker born every minute”, and they all apparently head straight for the Internet.