I have posted my second Money Making Ideas Newsletter, I hope you find it useful. You can find it via the link below:

http://www.getresponse.com/archive/makemesomemoney/Money_Making_Ideas_Newsletter_-_Issue_2-4080418.html

I have decided to write a newsletter also to share my ideas and thoughts and I thought I would post it online also. The idea is to identify the opportunities that the Internet has to offer these days and to explore them. If you would like to receive this, please send me an email at alan@makemesomemoney.co.uk

For now, please follow the link to the first newsletter to see what it’s going to be about:

http://www.getresponse.com/archive/makemesomemoney/Money_Making_Ideas_Newsletter_-_Issue_1-4052246.html

Once such avenue is through Clickbank the online seller of electronic products. The nice thing about Clickbank is that you do not need to have your own products, you can simply market other people’s products and take a cut on every sale that you make. Of course, you can have your own product too and sell through Clickbank or make it attractive for other people to sell it (and pay them a commission per sale).

There are many ways to make money via Clickbank and what I have been doing has been extremely simple. I am advertising through the Google Adwords program (these are the links which appear in the Google search engine) and putting the link to the Clickbank page of the product that I am selling.

This does mean that I have to pay money for advertising but the money that I make back is a lot higher. Currently, for every $10 I am putting into Google advertising, I am getting $30 back.. hence, $20 of profit.

Here is the picture of my cheque I received recently for $490.60!!

(click on picture for a larger one)

If you would like to set up your own Clickbank account, click here

If you would like to set up your Google Adwords account, click here

I’ll start to write a little series on how to sell through Clickbank and some of the little tricks that I have employed to get it to work for me!

I think the market has further to go.. there was a huge reversal on the US and UK markets today after all the help with the Financials from various governments.

I have read a lot of trading books and I think the key to becoming a trader is firstly trading psychology. This means controlling the emotional aspects of your trade when real money is on the line. You can read about trading psychology and what it is etc in books and be aware of it and then get a view when your trading psychology falls thin but this isn’t the same as actually mastering your trading psychology so that it is optimal for trading. Trading psychology takes time to get right, you will need to experience first hand what it feels like to win money, to lose money, to get frustrated. You will experience fear when the market is going against you and greed, the need to take a profit early when the market is going your way. Mastering ones trading psychology can take years….

However, once you have reached a level where your mind is ready. You will need to find some trading setups which you will feel comfortable with. When I say comfortable, I mean that some people will prefer different timeframes for trading.. some people like to make many trades in a day (day traders), some can hold for hours, days (position traders) etc.

I found a fantastic website with many trading set ups today which I thought I would share with you all:

http://www.trading-naked.com/Setups.htm

Just one more note, on the website there is a note which says:

Pick One, Master It, Be Consistently Profitable, Do it Now

The key here is being a specialist and mastering just one setup. You may think that if you learn them all, you be bucks in as you’ll have all these setups. This is never the case, I’m sure you’ve heard the saying “Jack of All Trades, Master of None”… this is very true of the markets, the markets are not very forgiven if you are not the best at it, you will lose money… this is another element of trading psychology.

I was just reading about Oxado and they have 60,000 advertisers which means that there should be some adverts relevant to your page. I didn’t realise how important contextual adverts are… I guess it’s always a learning process. As a result, I’ve replaced all my adverts on all my websites with Oxado adverts.

Anyway, if you’re interested,  click here Webmasters, make money displaying Oxado contextual ads!

In case you’re wondering why I don’t use Adsense.. I think it’s because I have content about casinos and gambling which is prohibited in their programme.

Something which I do in my part time is to build websites for new small businesses. Frequently, these people have never had an online presence and they are completely focused on the visuals and want me to spend all my time to ensure that everything looks perfect. I tell them that so long as a website looks good and has all the information, that’s the key… the rest of the effort should be to market the website. Most of these customers are not interested in the marketing option, they just want the site to be ready and unleashed unto the world…. then they wait and expect that people will just find their site and that they will start getting calls from people.

What’s the point of having a fantastic website if people don’t visit it? People who know this know that the key to having a successful website is to get as many people visit the site as possible… this is how those ugly websites can do so much better than the better looking ones.. some people don’t waste too much energy ensuring the site looks good, they just put up all the information in a clean and easy to navigate way and then spend the rest of the time marketing. I realised this early on with this blog when I moved from the Wordpress hosted blog solution to my own domain. Suddenly, my newly designed blog with nice graphics and customised widgets lost it’s audience… my blog certainly looked a lot better but I was only getting a couple of visitors a day. When I was on the Wordpress hosted solution, after a couple of hours, already 20 people had visited my blog.

As I have mentioned in previous postings about this, I have set my blog to ‘ping’ blog directories everytime I submit a new article. I also have submitted my site to various search engines and manually posted to social networking sites such as Digg, Reddit, Technorati, Stumbleupon etc.

I am always on the lookout for ways to increase the audience. Increasing my audience means that there is a greater chance of people linking to my articles and posts.. each link is called a Backlink and the more you have of these, the more important Google ranks your website/blog to be and the higher Page Rank you get.

Getting a higher Page Rank means that you can negotiate higher level of sponsorships and generally make more money from your website.

Also, the more visitors you have, the more chance that they will click on your adverts which will generate revenue for you.

Anyway, I found a new site which has been generating extra traffic for me, this is called TrafficG.com and it is free to sign up. Since I started using this today, within a couple of hours I have started receiving traffic from them already. It works on a credit system, the more credits you have, the more visitors you get. You can get traffic by buying them (500 visitors will cost you $7) or by surfing their pages.

It’s worth having a look, I’m always interested in looking for ways to further my blog, especially if it’s not going to cost me!

Visit TrafficG.com