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How To Make Money Blogging: My Latest Interview On How I Make $80,000/Month

Posted by Timothy Sykes on Tue 14th of Apr, 2009 08:05:57 AM
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Check out the whole interview HERE or just read a lot of it below as there be gold in my words as I’m apparently one of the highest paid bloggers in the blogosphere (see the list HERE):

Last December you posted that your blog earned $83,358, could you give us a break down on how you accomplished this?

Sure, as I wrote in my blog post detailing the income much of it was due to holiday DVD sales and lump sum affiliate payments, so here’s the breakdown:

$20,229 TIMalerts

$27,688 Instructional DVDs

$29,407 Advertising & Affiliates

$2,084 An American Hedge Fund

$3,950 Trading Profits

What advice would you give a new blogger trying to make money from their blog?

Prove that you’re expert advice/blog is valuable by creating solid word of mouth with free content at first and then showing off all the testimonials from happy readers to seduce even more readers into purchasing your premium product/s, whether they be in the form of a newsletter, DVDs, affiliate products, etc. DO NOT FOCUS SOLELY ON ADS!

I’m actually in the process of creating a how to make money from blogging instructional DVD with a ton of proven experts, contact me if you’re interested in staying updated!

You are now currently living the Internet Lifestyle, what does the Internet Lifestyle mean to you?

It means I’m gonna work my butt off to take advantage of the power of social networks and all sorts of cool new technologies to build a profitable, and more importantly, helpful business. Work hard play hard as having an internet-based business allows me to travel extensively, while also working so already in 2009, I’ve visited nearly half a dozen countries seeing amazing sites, meeting exciting people and having a great time!

I understand that at 18 years old you took $12,415 Bar Mitzvah Gift Money and turned it into $1.65 million using the stock market, what was the biggest lesson learnt from this?

There are times when you must be aggressive in trading, investing and business because the environment is ripe for massive gains….at all other times, be as frugal, cynical and conservative as possible.

Tell us about how you went from Young Stock market Prodigy to one of the highest paid bloggers?

I worked my butt off for a year proving that my investment strategy and my teachings were valuable….then I added in a ton of marketing to get the goodness out there because nobody else in business is going to help me as much as I can help myself.

The stock market niche is particularly easy to excel in since 90%+ of traders lose money, 70%+ of “professional” money managers fail to beat the S&P 500 each year and 99% of people selling investment wisdom don’t share their track record and trades/investments because a.) they’re not as good as they claim b.) they’re total frauds and c.) they’re cowards because industry regulations prevent them from sharing performance (it’s pathetic, imagine a baseball player unwilling to tell you his batting average!)

Seriously, brutal honesty is a revolutionary concept in finance, I wish more joke-of-an-industry-finance people will see the success its brought me and be inspired to do the same as i’m far from the best, just the first!

What would you say the benefits of having a blog over a traditional website or forum?

It’s interactive, real-time, data-minable…it’s not even a debate, you need to market your knowledge every day and better understand/stay in contact with your customers and blogs help you achieve both.

Static websites are soooo 2004 and older, forums are ugly and inefficient unless we’re talking about them being based off Twitter (follow me HERE!) like StockTwits is (I’m an investor)

You are known as the authority blog in the Stock Market niche. What advice would you give a new webmasters to dominating their niche?

Nah, I’m just the authority on Penny Stocks, gimme a few years until I takeover the entire market….but my advice is to never sell out for the money and promote crap products/probable scams, sketchy-type stuff. Your readers’ trust is everything and you gotta have some self respect! Search out other quality people in your niche and related ones and figure out ways to partner and cross-market each other’s blogs/products.

What advice would you give to people just starting out with an online business?

Prepare to work harder than you ever imagined—this ain’t the 4- Hour Workweek, this world is constantly changing so you must learn about new technologies and trends, ignore most of them, not be afraid of making mistakes, try everything to gain greater exposure, more sales, more testimonials and definitely take on partners who you can trust.

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  • alex
  • alex
    DAMN.. cant short FEED!
  • DNDN was the longshot horse that paid off, lesson learned: even a broken clock is right 2x/day
  • alex
    Lesson was - instituitions knew what was up - take heed of that action in biotechs ... funny how most "expert" or "analyst" commontary i saw was against it! ... the bs of an industry, no?
  • alex
    careful on FEED . . that POS could go against you rather quick
  • alex
    GMO breakouutt - better than FEED
  • experts were against it because odds favored that, probly 55% chance of it failing, no good odds either way
  • i'm already out of FEED, $500 profit
  • alex
    55% chance of it failing??? lol - (I think it was more like 52%)
  • Mike
    Tim you have made about 32k in almost 2 years of trading aggressively. Congrats.

    At this rate you will make a million in about the same time a dishwasher who worked 30 years of their life makes it.

    not to mention 32k taxed at a 30% capital gains due to short term trading which means you need to remove about another 10k from that 32k and then all the trading transaction costs that go along with it.

    What the fuck are you thinking this makes no sense - you are leading a bunch of people on - the only person making money is you selling your dvds - not trading. Please sell me your customer list because I have a bridge in brooklyn i can sell each and every one of these pipe dream morons.

    When you talk about your blog making 80k obviously that is the way to make money - not through your trading.
  • alex
    Tim- rally your troops to buy GMO - low floater - will move with your manipulation
  • alex
    Mike - you are clueless. How long you been washing dishes for?
  • mike, where do i begin--should i start by talking about how the 1st 9 months i was beholden by the pattern day trader rule, how i spend most of my time blogging/creating products or the fact that i've repeated this 3938384 times before.

    when u're #1 out of 20,000 traders on covestor, u can talk...when your students represent 25% of the top 100 people on covestor, u can talk. when u have daily testimonials form people u've helped learn and profit, u can talk

    until then, u're just an anonymous internet loser who has failed to develop a business the way i have. jealousy will get u nowhere, get motivated, get working and good luck
  • mike
    Tim - covestor should thank you for their business - your moron followers are the only people who use it.

    Ok you are now out of the pattern day trader rule - you have been out of it for over a year.

    What part of this is not true:

    You have made 32k in close to 2 years. Of which 9600 you owe to the IRS because of 30% capital gains. This doesnt include the transaction for the trades.

    32k in close to 2 years is a waste of time. If YOU could have made a million on your strategy by now YOU would have done it. You may say you are being conservative but your initial goal was to replicate your college days which was an obvious fluke because you would have had at least half a mill by now.
  • alex
    GMO sweeeeet
  • mike, if i was a hedge fund, i'd agree with u, but the fact is i'm a blogger, newsletterwriter and trading coach, then trader last. but u're not smart enough to get that so blah u're just a typical internet loser, goodbye
  • Mike
    Tim - the entire reason you started this blog is to prove people that your college day luck was not luck. That is entirely the reason why you started this blog to recreate that and prove it wasnt a fluke. In the meantime you have discovered that selling dvds and blogging is a better business - i give you credit for that but lets be real you wanted to prove everyone wrong by showing them you could get to 1.6 million in 4 years and it wasnt a fluke.

    Guess what it was a fluke. 32k - 9,600 = $23,400 in 2 years!!!! my god i cant believe no one that buys your crap calls you out on that. $23,400 in 2 years is terrible. And believe me if you could trade your penny stocks bullshit and make $2k a trade you would - but you cant do your strategy making 2k a trade. You can only make $200. Its like watching the grass grow.

    Like i said i will buy your subscriber list for $100k. Cause damn they are the most naive people on this planet. I could send 1 email to your entire subscriber list about how I am an african prince and am in exile until i get a million dollars then when i get back to my country i will triple your donation. I bet i could raise a million overnight.
  • mike, your incompetence/ignorance astounds me, do u not see to the right i am at $45k, not your $32k, u messed it up in your dumb little head...and good luck trying to prove my 260% return in the last year or so is luck when i've detailed every aspect of my strategy and thousands of people have learned and profited
  • PS mike not one single stock mutual fund was up last year, we're talking 10,000 funds and yet for some reason u wanna come on here and attack me...u dont even deserve to post on this blog, u're not even worthy of me using your head as foot pillow...adjust your attitude
  • Mike
    i'm inbred, sorry!
  • Mike
    Tim you are a short biased trader - in fact the market was terrible last year. You should have had a phenominal year.
  • and i did have a phenomenal year, 260% is a bit above average u know, u just dont get that i dont run a fund, i run a publishing company, its not about what i make, its about what my subscribers/students make, i love that u dont get it actually
  • Mike
    blah blah blah i like giving tim hits and making his subscribers laugh
  • Mike
    ANOTHER TRUTHFUL ERASED POST:

    Tim you are a short biased trader - in fact the market was terrible last year. You should have had a phenominal year.
  • actually your post is there....wait a minute, are you.....no wait.....are you really.....can you really be...illiterate? wow everybody, welcome mike the inbred illiterate, its like elite trader all over again...ok, more important stuff to do, goodbye
  • Mike
    i peed in my pants, uh oh
  • Actual Banker
    Tim,
    You are the most hated person in finance.
    Please keep stealing from mediocre minds and bragging in their faces.
    It's always good for a joke at my PE shop
  • LP
    Yesterday Tim loved DNDN as a short!
    "DNDN is my #1 potential short, Be careful of upcoming FDA news though…"
    OK coach how was a trader supposed to be careful of upcoming FDA news?
    Please be specific. If your sheep shorted this yesterday they would have a total account blow out this morning! Two years worth of trading gains obliterated.
  • Actual banker, how can i be most hated when my subscribers and i are making $$$$$$...somehow i think a lot of brokers, fund managers are a bit more hated than me, the constant little gifts i receive might surprise u
  • and yes LP, DNDN was my #1 potential short, i like that pattern, but i didnt short it because of the potential upcoming news, thats why i've been in this biz for so long and my haters are pimple faced kids who dont know any better
  • and LP, i have a ton of potential plays every day, TIMalert subscribers get them first, i suggest u subscribe so u know what going on instead of drawing misguided conclusions:

    http://www.timalerts.com
  • Mike
    i need a girl
  • LP
    So I guess "be careful" with DNDN means do not hold overnight. The risk /reward on DNDN was awful, I still don't see why it was your #1 short pick. Many people warned last week to stay away from it. You called the longs "suckers" and they made more % gain overnight then you have made in 18 months.
  • LP
    FEED is a perfect breakout!
    DNDN is my #1 short pick!

    Did any Tim followers get burned on these?
  • LP u dont get it because u dont get my strategy, here, learn and stopw asting ym time with your ignorance:

    http://www.timothysykes.com/store

    and mike, u're right, i'm only up 260% int he last 18 months, boo hoo, i think u should invest in sharebuilder or ANY OTHER MUTUAL FUND and lose 40% of your assets....or any short selling hedge fund, 99.9% of which wasnt up more than 100%.

    u people make me laugh, go pick on some loser who doesnt share trades or who is down, all u do is give me more hits, ammo and subscribers, so thank u!
  • LP, again u dont understand my strategy, learn before u speak and u wont sound so god awful dumb
  • bored with ignorant posters, gonna start deleting them so i can focus on tasks
  • LP
    Tim nets more in 1 month of advertising then 1 year of trading!
    His business model has nothing to do with Wall St. and everything to do with Madison Ave.
  • wrong again LP, advertising stinks lately, seriously, how old r u , 13?
  • I like the advice you gave to new online business owners, it is hard work at first but after a while it starts to but an autopilot type deal I like this business!
  • LP
    I am 14. Why don't you and your mom make a home DVD on how to make money Blogging. By the way, Twitter is really gay.
  • LP
    I went to Aspen but can't ski, too busy in my room twittering.
  • Hahahaha
  • Tim why can't I RT this blog entry right from this page??
  • the Rt button doesnt work?
  • works for me
  • Now it does. I didn't realize I had to be logged on to twitter to do it. Stupid promoter LOL.
  • Tim, your a good business man, I love learning from you. I learn more about business from you than I do about trading stocks...but you teach me a ton about that too.
  • Question
    I don´t get it.....i mean you make $12,415 gift money into $1.65 million dollar in 2 years and now this. Just 260% in 2 years of trading. What happened ? Please explain to us.
  • Question, i went back to my roots to repeat my feat, read 1500 blog posts and catch up and see how this has evolved into a full blown publishing biz teaching others to beat the 90% of traders who lose $ each year
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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%)