CHATROOM

Another Interview On…

August 31, 2008 at 8:44 pm
by Timothy Sykes

Watch these 7 free video lessons on how I became a millionaire

If you thought THESE 2 interviews were the last you’d hear about how to make money from blogging, you’d be wrong.

Here comes another interview I did on that very subject with DailyBlogTips.com…you can check out the full blog post HERE and some excerpts are below:

2. Has it been worth it so far?

Hell yes! Forget about just making more money than most doctors do, it’s incredibly fulfilling to cut through all the regulatory and snake-oil salesman BS that pollute the finance industry. It’s about teaching investors and traders how corrupt the stock market is. And possibly even more important than the teaching is the learning—I’m learning what works, whats readers wants, how the internet is evolving—we’re in the bottom of the 1st inning with the internet, there’s gonna be stuff we can’t even imagine coming out over the next few years and it’s gonna be very exciting. The more you know…

3. You claim to have earned $45,000 from your blog last month, and that your traffic is 3 times smaller than John Chow’s one. How is that possible?

My business model is different, he’s all ad and affiliate-based, while my focus is on creating educational products through my own publishing company, BullShip Prress, LLC, namely my PennyStocking Instructional DVD that makes penny stock trading understandable and TIMalerts, a real-time trading alerts subscription service, both of which I promote endlessly through my blog.
Mind you, I tried Chow’s business model—admittedly only half-heartedly because I have problems promoting all the frauds in finance–but it didn’t work for me…so I adapted.

4. After reading your earnings disclosure I noticed that you listed together your DVD product and the monthly alerts service. Do they generate an equal percentage of the $35,000? If you needed to use only one of those methods, which one would you choose and why?

They’re about equal, but I’ll break them down in the future. At first, I just wanted to teach others how to play the game with the DVD, but I forgot that most people are fat and lazy, so the real-time trading alerts–where the subscribers don’t really care to understand the game–they just want to make $. It’s pathetic, but you gotta give the people what they want.

Posted in Blogging, Interviews, Q&A

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  3. My Huffington Post Interview & Why My Readers Will Soon Be Richer Than Me
  • http://snafuleadstheway.blogspot.com Tacguy22

    Tim sir- I created a few shirts for traders. Give em a look.

    http://www.cafepress.com/tacsplace

  • http://snafuleadstheway.blogspot.com Tacguy22

    Tim sir- I created a few shirts for traders. Give em a look.

    http://www.cafepress.com/tacsplace

  • http://www.benbien.com Ben

    so your business plan is endless self-promotion of your own products and services? who would’ve thunk it. Are you generating any revenue from external affiliates who sell your products and services? I was actually pretty surprised that most of your $45,000 came from TimAlerts and DVDs, mainly because TimAlerts is pretty new but damn did it catch on quickly. It’s also pretty scalable since it makes no difference in cost to send one extra email out. despite the fact that I am poor/cheap, I’ll be signing up for TimAlerts once I get my margin privileges back. Anyway, about your book and/or DVD, I’m curious to know if you’re ever going to pursue getting one or the other or both sold at major retail venues such as Borders, Barnes & Nobel, etc. I’ve been reading the “hotchickswithdouchebags.com” website and even that guy managed to get his book into stores, and I am willing to bet his site/fanbase isn’t as large as yours.

  • http://www.benbien.com Ben

    so your business plan is endless self-promotion of your own products and services? who would’ve thunk it. Are you generating any revenue from external affiliates who sell your products and services? I was actually pretty surprised that most of your $45,000 came from TimAlerts and DVDs, mainly because TimAlerts is pretty new but damn did it catch on quickly. It’s also pretty scalable since it makes no difference in cost to send one extra email out. despite the fact that I am poor/cheap, I’ll be signing up for TimAlerts once I get my margin privileges back. Anyway, about your book and/or DVD, I’m curious to know if you’re ever going to pursue getting one or the other or both sold at major retail venues such as Borders, Barnes & Nobel, etc. I’ve been reading the “hotchickswithdouchebags.com” website and even that guy managed to get his book into stores, and I am willing to bet his site/fanbase isn’t as large as yours.

  • http://www.benbien.com Ben

    I know you said the profit margins are higher if you sell your book through Amazon and your DVD through your website, but again, thinking about things in terms of scalability, you might be able to generate higher returns through retailing your products on a mass scale despite the fact that you’ll be making much less on a per-book or per-DVD basis. But then again, gotta think about your website as being a real estate space in itself, so who needs Barnes & Noble/Borders if you’re getting and targeting visitors here?

  • http://www.benbien.com Ben

    I know you said the profit margins are higher if you sell your book through Amazon and your DVD through your website, but again, thinking about things in terms of scalability, you might be able to generate higher returns through retailing your products on a mass scale despite the fact that you’ll be making much less on a per-book or per-DVD basis. But then again, gotta think about your website as being a real estate space in itself, so who needs Barnes & Noble/Borders if you’re getting and targeting visitors here?

  • http://www.benbien.com Ben

    and when are we going to get some TimBucks rewards? I think 100 TimBucks = 1 month free TimAlerts subscription sounds fair. The cost to you to reward 1 month free TimAlerts subscription is probably nothing since you’ve already got the system running and set up, while the benefit would be increased Visitor loyalty. This is the first time I’ve been back on your site for about a month. Come on, didn’t you learn in economics that humans run on reward and punishment -based decision making?

  • http://www.benbien.com Ben

    and when are we going to get some TimBucks rewards? I think 100 TimBucks = 1 month free TimAlerts subscription sounds fair. The cost to you to reward 1 month free TimAlerts subscription is probably nothing since you’ve already got the system running and set up, while the benefit would be increased Visitor loyalty. This is the first time I’ve been back on your site for about a month. Come on, didn’t you learn in economics that humans run on reward and punishment -based decision making?

  • http://www.test.timothysykes.com TIM Sykes
  • http://www.test.timothysykes.com TIM Sykes
  • http://www.colinklinkert.com Colin Klinkert

    Tim,
    Im one of those lazy, ‘pathetic’ people that would rather focus on other things (increasing my personal income) and am considering your alerts.

    2 Questions: 1 is, will it work well with Etrade and 2 is, do you mail us as soon as you sell and let us know its time to do the same?

    thanks, Ive joined your RSS as I just found your blog and its interesting

  • http://www.colinklinkert.com Colin Klinkert

    Tim,
    Im one of those lazy, ‘pathetic’ people that would rather focus on other things (increasing my personal income) and am considering your alerts.

    2 Questions: 1 is, will it work well with Etrade and 2 is, do you mail us as soon as you sell and let us know its time to do the same?

    thanks, Ive joined your RSS as I just found your blog and its interesting

  • yaktipper

    I can answer those questions.

    1: NO! – not good for borrowing shares for shorting, doesn’t allow shorting stocks under $3, although I’ve received a few conflicting answers to my questions from customer support.
    2: Yes

  • yaktipper

    I can answer those questions.

    1: NO! – not good for borrowing shares for shorting, doesn’t allow shorting stocks under $3, although I’ve received a few conflicting answers to my questions from customer support.
    2: Yes

  • http://www.test.timothysykes.com TIM Sykes

    what people dont realize is that timalerts, while short biased is perfect fro buyers too, so brokers like etrade are fine…after all, after u short, u gotta buy to cover and when i buy to cover, i think the stock is headed higher

  • http://www.test.timothysykes.com TIM Sykes

    what people dont realize is that timalerts, while short biased is perfect fro buyers too, so brokers like etrade are fine…after all, after u short, u gotta buy to cover and when i buy to cover, i think the stock is headed higher

  • http://www.benbien.com Ben Bien

    “when i buy to cover, i think the stock is headed higher”

    Tim Sykes = MM now? hm, good point, I didn’t think about that. Also, I like to watch many of trades before and after just to see if there’s a squeeeeze or some sudden drop due to 500 TimAlerts swarming in to short. Inverse of the so-called ‘Cramer effect’ perhaps?

  • http://www.benbien.com Ben Bien

    “when i buy to cover, i think the stock is headed higher”

    Tim Sykes = MM now? hm, good point, I didn’t think about that. Also, I like to watch many of trades before and after just to see if there’s a squeeeeze or some sudden drop due to 500 TimAlerts swarming in to short. Inverse of the so-called ‘Cramer effect’ perhaps?

  • yaktipper

    If you play Tim’s buy-to-covers long, you’ve got to have nerves of steel and a trigger finger. That is definitely not a perfect setup as Tim’s exit is usually only halfway down the crash.

  • yaktipper

    If you play Tim’s buy-to-covers long, you’ve got to have nerves of steel and a trigger finger. That is definitely not a perfect setup as Tim’s exit is usually only halfway down the crash.

  • YoungGunz

    Yeah i disagree with being able to buy into tim covering. yes others will blindly follow but he’s got a reputation for exiting way earlier then he needed to. Its something that you can do but its not as easy of a play to make as going short when he does as long as the price hasn’t dropped a lot since his trade and when you can execute yours.

    E-trade sucks for shorting and active trading. The majority of the people that like to do the same strategy as Tim use Think or Swim or Interactive Brokers.

  • YoungGunz

    Yeah i disagree with being able to buy into tim covering. yes others will blindly follow but he’s got a reputation for exiting way earlier then he needed to. Its something that you can do but its not as easy of a play to make as going short when he does as long as the price hasn’t dropped a lot since his trade and when you can execute yours.

    E-trade sucks for shorting and active trading. The majority of the people that like to do the same strategy as Tim use Think or Swim or Interactive Brokers.