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Another Interview On…

Posted by Timothy Sykes on Sun 31st of Aug, 2008 08:44:15 PM
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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.

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

    www.cafepress.com/tacsplace
  • 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.
  • 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?
  • 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?
  • 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
  • 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
  • "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.
  • 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.
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Start Here

Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)