A Famous Entrepreneur In The Making | DatMoney.com

Tax Increases 2009 - 2010

Jay — Thu, 02 Jul 2009 14:43:08 +0000

Since the new fiscal year just started for us yesterday, there are a lot of tax increases 2009 that are taking place. If you’re in the states, a lot of people will be affected even more during this hard time in the economy. And I can guarantee that every online entrepreneur making money online will be affected by this in some way.

Let’s start with the tax increases in Massachusetts, since that’s where I currently reside. They will be raising sales tax from 5% to 6.25% which is the first time it has increased since I have lived here. (And I’ve been here most of my life).

That will affect a lot of spending I do because anything I purchase will be slightly higher. So, say I purchase a new computer, desk, chair or whatever for my mini office, the extra sales tax accumulates over time.

In addition, they are trying to increase gas taxes as well. That sucks even more with the high gas rates as is, now traveling to business meetings by car will be just a little more expensive than it usually is.

So, outside of my state, almost every other state is being affected in some way with the taxes. I believe Florida is increasing cigarette taxes, Hawaii is increasing hotel taxes, etc.

If you guys have more details on your state, please drop a line by commenting. I would definitely like to know.

Many of these states have different tax increases but ultimately, all of us are affected. Below is a breakdown in states on who will be increasing taxes and fees. It’s from May so it’s a little old but you’ll get some rough idea for your state.

Now, as an online entrepreneur, we all have to pay taxes. Technically, you’re supposed to report everything you make to the IRS and if you work from home, that basically means you’ll be writing a check out every April. But next year, I believe you will be writing a bigger check.

I read that people making over $250,000 a year will have their taxes increase, but now, even those making less than that will have their taxes increases as well. So, in essence, everyone that pays taxes will be paying just a little more.

In addition, there might be a slight increase in taxes for health insurance which would drastically affect middle-income homes. But nothing has been confirmed about that just yet but as things are slowly having the snowball effect, I wouldn’t be surprised.

The reason why I am posting about the tax increases 2009 is simply the fact that it will affect all of us making money, buying things, or just living in the states during these hard economic times. I’m not a big fan of taxes but unfortunately, there’s nothing we can do about this.

I guess we have to sit here and just watch us get dug into a deeper hole.

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Make Money with No Money

Jay — Tue, 30 Jun 2009 15:57:07 +0000

Most people that start off, they want to make money with no money and usually it’s a lot harder. But don’t you guys worry, if I can do it, I’m sure everyone else can as well. But its all about hard work, dedication and most importantly, learning.

I was having a discussion with an old friend last night and when I told them that I was an online entrepreneur they expressed lots of interest on what I do. So, when I explained the various things I do to make money (blog, build websites, sell sites, affiliate marketing, design banners/headers, etc) they wanted to do the same, especially for their local company.

Of course, most people that have no idea on how to make money online, they always question how you can actually do so. Remember, a lot of people have no idea and they still won’t. More than likely they are the same ones clicking on your ads, signing up for your products, etc.

But every single person I talk to that is starting from scratch, they want to make money with no money because everyone wants to make money (and who doesn’t?!) but they never want to spend money.

Now it’s definitely doable. I started with basically no money invested and I’m making a decent amount monthly. Of course, the more money you make, the bigger you get, eventually you’re going to spend money to reinvest into your business.

Luckily for us, everything we spend money on for our business is tax deductible expenses. So, don’t be afraid to spend money.

Anyways, you guys are here to learn how to make money with no money. This is how I would start:

Create a website/blog from any free blogging platform or free webpage company that allows you to display ads. I started off on Blogger.com and when I eventually made some money, I paid for my own domain name(s), hosting, etc. There are plenty of sites that are free and apply you to put your ads on, you just need to know where to look.
Learn, learn, learn. You can never stop learning because everything changes so frequently. You want to learn how to get ranked in search engines, you want to learn how to build links, you want to learn how to get traffic… I mean, you want to learn how to make money online, right? I would suggest reading anything that may help you, Google topics that you think would benefit you, etc. That’s what I did, it may be a long learning process but it’ll be well worth it.
Reinvest into your business with the money you make. Technically, anything that you make is a plus. So, if you make $100, I would reinvest that into purchasing domains, hosting, etc. Like I mentioned before, they are all tax deductible so its almost like you’re not even paying for it to begin with. Because next year, you’re just going to write all of that off.
Focus on what works for you and what doesn’t. Like I mentioned, learning is a large part of it. But just because something worked for someone else, it doesn’t necessarily mean it will work for you exactly the same. Testing is important and that narrows things down for you to focus on. Again, everyone will have different results so its up to you to see what works for you.
Take action! If you’re a dreamer, your dreams will be just that. If you want to make your dreams your reality, you have to take action. I see so many people that learn and has all the knowledge to make thousands monthly but they just sit there and no absolutely nothing with that information they obtained. So, take action! What’s the worst that can happen? You learn from your mistakes. Exactly.

This is just a quick guideline on how to make money with no money. I can write a detailed step by step but then again, don’t you have to do some work?

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Google Pagerank Update - June 2009

Jay — Sat, 27 Jun 2009 15:55:42 +0000

It looks like there has been yet another Google Pagerank update in June 2009 and some unfortunate news, this blog remains the same at PR2. But like I said before and I’ll continue to say it, Google Pagerank doesn’t really mean much!

If you live by Google Pagerank, more than likely you’ll die by Google Pagerank. A majority of the times when I talk about Google Pagerank and the updates, I usually emphasize the fact that you can still make money, still get traffic, still be successful with a PR0 or a PR10. Honestly, it doesn’t matter just as long as your site gets ranked in search engines.

And yes, your site can get ranked in search engines without a Pagerank.

But instead of discussing the whole thing about Pagerank doesn’t really matter, I’m going to switch it up a bit. I’m going to tell you the various changes in PR with some of my sites. And I want to hear from you guys to see if your PR has changed at all.

So, DatMoney remains the same at PR2. The main reason is the fact that I haven’t been building links for this site for a while now. Matter of fact, I haven’t been doing much promotion in general for this site because I’ve been focusing on a few other projects.

I was going to do a couple of link exchanges with blogs with similar stats and niche but I’m just not sure if I’m going to do that. I may consider it, though.

If you guys have been following this blog for a while, my Pagerank history went from PR0 to PR4 to PR3 to PR2. It has stayed at PR2 for the last couple of updates, I believe.

Some of my other sites have gone up and down but none have gone back down to a PR0. I think a few of my brand news sites have become PR1. And those are the sites that I’ve probably had for only a month or so.

Others have gone up to PR3 while some have dropped to PR2. Overall, I believe most of my sites have some sort of Pagerank.

Unfortunately for me, it doesn’t really mean much. Because Pagerank or no Pagerank, I can still manage to make money online and get traffic.

So, how did you guys fair with the Google Pagerank Update - June 2009?

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How to Get Spikes of Traffic AND Increase Earnings While You’re At It

Jay — Fri, 26 Jun 2009 14:28:24 +0000

The image isn’t my traffic.

See, a lot of people already know how to get spikes of traffic, most people submit to StumbleUpon or try to get on the frontpage of Digg or some other equivalent social media/bookmarking site. But if you notice, the traffic and everything is nice (except if it crashes your server) but you never really see a drastic increase in your earnings to really care for it.

I’ve been doing this online stuff for a couple years now and I tend to the some of the same things that continue to make me money. For instance, someone asked me if I still do what methods in the $100/Day from Adsense post and the simple answer is “yes.”

I may do it less but I still do it when I have a chance. Of course, it’s nice to have another source of income when doing that.

But I tend to check my stats (earnings and traffic) regularly and so should all of you guys. The reason why is the fact that you always need to analyze these stats, improve on different aspects, etc. Some of the stats may even surprise you and work in your benefits.

The reason why I bring analyzing stats up (and this post) is because I noticed a drastic jump in my traffic and earnings for one of my sites. And get this, I haven’t even touched the site for the last 5-6 months.

Without giving away the site, keywords, etc, let’s say its something that people would search for regularly, especially when a specific event or something happens.

I’ll give you guys an example. Say you have a website based on the show American Idol, well, that show takes place every year so you know whenever the show is on, you should expect extra spikes in traffic as well as increased earnings.

And yes, even if it’s not the latest information on that year’s show. You should still see the spikes.

I know that’s not the best example especially compared to my site in which I don’t even have to do anything to the site from now on. But let’s say if you happened to blog about something that happens monthly, annually, whatever, then whenever that “thing” happens, well, you should see spikes.

So, you guys could do this in a few different ways. You could simply build sites based on something you know will happen regularly and just let it sit there and watch spikes happen throughout the year or just continue to blog and eventually it’ll come.

I wish I could give you guys a better example of what I’m talking about, but I hope you guys get the point. If I can think of another one, I’ll try to add it on here.

Hope that helps!

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I Didn’t Win The $500! Damn You Jonathan Volk!

Jay — Tue, 23 Jun 2009 14:41:30 +0000

So, remember when I wrote about how I may get $500 for 10 minutes of my time? Well, I swung for the fences and I whiffed and struck out. But it’s okay, I knew the odds were against me. So, here’s the story incase you guys haven’t heard about it or been following it.

Let me go on to say that I would actually like to congratulate Jonathan Volk… so, me damning him in the title, that was to get more attention. Obviously, I’m joking. Okay, now that I got that out of the way, let’s continue with the story.

Well, our buddies Tyler Cruz and Jonathan Volk had a competition/contest against each other on who could lose 10 pounds in 10 weeks. Of course, the loser would have to cough up $500 and if both of them didn’t meet the goal, they would both cough it up.

As you guys know, I voted against Jonathan but I didn’t just randomly pick, I had a theory and points on why I thought he would lose. Plus, I had to pick one person to officially enter the contest for a chance to win $500.

You can read my original post at “Working as an Online Entrepreneur = Weight Gain?”

So, it was going so good and I felt the $500 being sent to my Paypal account. I mean, he was like 4.5 pounds away like two days before the deadline. And of course, he worked out a lot more, starved himself, etc so he would succeed and not have to pay.

I have to give credit to both of them for losing the 10 pounds. Though, they probably worked extra, extra hard in the last week. Tyler made his goal too so he didn’t have to pay anyone.

It wasn’t a loss for me (even though $500 would have been nice) because I got a lot of recognition from simply entering the contest. I got link love from both parties and got my name and site out there in front of 4,500+ subscribers not including daily visitors (Tyler and Jonathan’s total put together).

And this all happened because I took 10 minutes out of my day to write a simple post. If you take initiative, you may or may not win big but you will definitely benefit from it nonetheless. I mean, my name and blog was mentioned quite a few times in front of thousands of readers. If I were to pay for a paid review, I would’ve sent hundreds of dollars… but I didn’t.

Lesson learned. Take initiative… you win some, you lose some but if you can manage to win more than the losses, you should be pretty successful.

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DatMoney Weekly Updates: You Don’t Need to Request the $100/Day Password via E-mail

Jay — Fri, 19 Jun 2009 14:53:32 +0000

So, it’s been over a month since my last DatMoney Weekly Updates so I figured I would update you guys on a few things and also mention that you guys don’t have to e-mail me right when you subscribe via e-mail to obtain the password to the $100/Day Adsense post. But keep reading and I’ll update you with more than just that.

Advertisement Changes - I don’t know how many people have noticed but I decided to make just a couple of adjustments to the ads being displayed here. The main changes were getting rid of the six 125×125 spots on the right hand side and only making it three. I did that for a couple of reasons:

1. To get more exposure to the current advertisers.
2. To not have so many ads cluttered in one section of my blog
3. Also, I have less advertisers contacting me currently for the 125×125 spots so I figured I’d reduce the number of ads being shown. And if more people contact me, I’ll add more 125×125 spots and get rid of the 160×60 banners below.

In addition, the other main change was the fact that I put a 350×250 Google Adsense Ad on individual posts right below the title. I’m actually doing this as an experiment for the search engine traffic I’m getting because on my other blog, it seems to work out pretty good for click-throughs.

I’m not sure how long I’ll leave it there but if it works out in my favor, I may just consider leaving it there.

Attention New E-mail Subscribers Looking for the $100/Day Password! - Although I love getting e-mails from you guys, it’s not necessary to e-mail me individually letting me know that you have subscribed and looking for the password. I usually only send out the password once a month as a batch and I usually give updates on my weekly updates posts so you guys know about it.

Of course, I understand a lot of you guys e-mailing me because you are fairly new and don’t know this information. But please be patient, you should get it by the end of this month if you have subscribed via e-mail, verified, etc.

Banner Designs E-mail - If you e-mailed my banner designs e-mail address within the past month or so, more than likely you never got a response. Well, I haven’t checked that e-mail in quite sometime so if you guys are still waiting to hear back, I’ll check it this weekend. If it’s a rush, please use my contact form to get in touch with me. Or add me on any of my instant messengers, I’m usually on at some point in the day.

Top Commentators Change - The only change I made was basically I took off the number of comments being displayed next to each commentator. I did this simply to avoid top commentators hijacking so if someone had 3 total comments and made it on the list, I didn’t want someone else to see that and try to comment 4 times just to knock that person out.

Of course, there’s always ways around this but at least it slows these one-time commentators down a little bit.

Contest Coming Soon - Well, hopefully it comes sooner than later. I mentioned earlier that I would hold a contest once I hit 1,000+ subscribers so it’ll depend on how fast I make it to that. At this rate, I may be close to it within a couple weeks but who really knows.

Does Anyone Have the Pagerank Tool? - There’s this pagerank tool I had (which I don’t anymore) that basically you typed in the URL and it would give you a list of all the pages/posts on the site with pagerank of each individual page. Does anyone have that tool or know where I can get it? If you do, I’ll hook you up with one month advertising here. Well, I’ll hook you up if you can hook me up. But it has to be this specific tool or something better than what I’m describing.

Guest Posting - Last time I mentioned I’d be interested in guest posts on here and a couple of people contacted me expressing interest. Unfortunately, no one has officially submitted one. If you are interested, please send me a copy of what you had in mind and I’ll consider posting it.

Anyways, those are some quick updates! Please contact me if you still have questions or concerns.

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How Much Money Do I Need to Retire?

Jay — Thu, 18 Jun 2009 14:48:47 +0000

I thought about this the other day: how much money do I need to retire? Technically, even if I had all the money in the world, I probably wouldn’t “retire” but just take it easy. I would still work and do my online stuff but again, I would take it easier. But let’s just ask it for fun, how much money do I need to retire?

Well, given the fact that I don’t have my own house yet, haven’t finished paying back my student loans or have my life situated the way I want, I would need a lot of money. But we can’t all win the lottery… and even if we did, how much would actually be enough?

This is mainly food for thought to see how much you guys would actually need to be comfortable for the rest of your life.

I know everyone is a different age, have different needs in their lives and so on, but I figured I’d just base it off someone that is in their 20s or even 30s that is looking to retire extra young. Most people don’t retire until mid 60s but all of us have the dream of retiring when we’re young so we can enjoy things, right? Well, let’s get into it.

Say You Won the Lottery

Say I won the lottery, how much money do I need to retire? I know everyone plays differently and the jackpot varies depending on what game you played but say you won $35 million dollars (current estimated cash option for the Mega Millions), could you retire off of that?

My answer is yes. If I were to live happy without having to think about money, I’d say $100k yearly would be good enough to be comfortable. Now, with $35 million, that could last 350 years of my life. Plus, I’d have enough to purchase a new home, pay for all my expenses (foods, clothing, all types of insurance, cars, luxury items, etc).

Now my goal used to be to aim for something much much lower, maybe $250,000 but I definitely couldn’t retire off of that, just take an extended break.

Making a Living Online

A lot of people try to work from home full-time but do you guys plan on doing that for the rest of your life? And what if you made John Chow type money (like $30k-$40k monthly), or a super affiliate (we’ll say probably $100k monthly), how much would you need to save up before you officially retire young?

In my calculations, I think $6 million would be enough to retire. Based on $100k yearly to live comfortable, you could 60 more years without worrying too much about money.

If you made John Chow type money, you would probably need to work for 16 more years. And if you were a super affiliate, you would probably need to work for five more years.

Then again, if you made that type of money working online, I’m sure you wouldn’t stop if you hit the $6 million goal.

Working a Day Job

If you work a day job, more than likely you won’t be retiring anytime soon. Typically, the average person makes somewhere between $40-$50k yearly. Based on my $6 million retire numbers, that person wouldn’t reach that in their lifetime.

Matter of fact, most people won’t ever make a few million. But then again, most people won’t retire early.

So, how much money do I need to retire? Well, everyone has their own set amount but I just ran through how much I would need. Again, just food for thought if you ever needed to try to calculate how much you would have to save… realistically.

Anyways, what do you guys think?

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900 Subscribers Reached!

Jay — Tue, 16 Jun 2009 14:53:00 +0000

I know this isn’t a really big significant accomplishment but it is one nonetheless. I managed to reach 900 RSS Feed subscribers which is just on the stepping stones of hitting that century mark of 1,000.

I’m sure a lot of you guys are wondering how I managed to get this far. And honestly, there’s nothing that changed with my methods. Matter of fact, I’ve been promoting this blog a lot less so my traffic has been down quite a bit but surprisingly, my RSS Feed numbers just continue to climb.

A large part of that is simply the fact that a lot of people subscribe because they want the password to my $100/day from Adsense because most people still have no clue on how to make Adsense money so everyday people are trying to find out my method.

I know for a fact that a lot of people subscribe for the wrong reasons but I’m not stupid, a lot of people unsubscribe soon after they receive the password. And people wonder why I don’t send out the passwords immediately after people subscribe… because they’ll literally be a subscriber for a whole two and a half minutes.

Don’t worry to those of you guys that keep e-mailing me asking what the password is, you’ll get it. I’ve been sick and haven’t been checking my e-mails as much but you should receive it by the end of the month at the latest.

Anyways, I just wanted to celebrate a little bit on my accomplishment. Once I hit the 1,000 RSS Feed Subscribers mark, I will have a contest. And don’t you guys worry, if you’re already subscribed via e-mail, you are already entered to win whatever I choose as the contest prize(s).

So, stay tuned for the upcoming contest. The sooner I hit 1,000, the sooner you’ll see a contest. FYI… I know how much everyone loves blog contests!

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Where Have I Been? - Out of Work Sick!

Jay — Sat, 13 Jun 2009 15:45:25 +0000

I’m sure some of you guys have been wondering why I haven’t updated with a new post for over a week. Maybe some of you guys have questioned why you haven’t heard a response back via e-mail from me. Maybe some people just haven’t seen me on any sites or on any instant messengers. Well, I’ve been extremely sick and I’m just starting to feel a little bit better.

It actually started last Friday when I started feeling weird. My body was aching, I was burning up in temperature, I felt chills, etc. I didn’t think anything of it so I just filled myself with a bunch of medicines and went on my way. Of course, a few hours when the medicine wore off, it was back to square one of feeling like crap.

I did some research and I honestly thought I had the flu. And because the flu is so serious, everyone put the thought of “swine flu” in my head. But for some reason I knew it couldn’t be that.

I went to webmd and saw all the symptoms I had that included (but not limited to): coughing, vomiting, fever, chills, etc.

Naturally, that’s what I thought I had but I had to go to the doctor’s to make sure.

When I went, they gave me the test for the flu. For those of you guys that have never had this done, they basically stick a long q-tip up your nose. In both nostrils as well!

So, tests came back negative and they were still trying to figure out what was wrong with me. Someone thought it might’ve been a viral infection but the conclusion was me having “early stages of pneumonia.”

Hey, I have no idea. And honestly, I could careless if they were wrong, just as long as they made me feel better, I’d be all set. Well, they prescribed some expensive pills to me to take for the next five days and I’m currently half way through them.

I just wanted to keep you guys updated and now I’m slowly but surely making a recovery. I fell behind once again so please, just work with me here!

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How to Make Adsense Money

Jay — Thu, 04 Jun 2009 15:13:11 +0000

Ever since I started my online entrepreneurship a few years ago, I’m constantly seeing how people struggle to make Adsense money. Well, I decided that I would go into some details on how to make Adsense money the easy and the hard way.

Before I get into the various ways on how to make Adsense money, you can make a lot from the technique I have on the $100/Day from Adsense but a lot of people seem as though they don’t want to work hard for the money.

But the method is already proven by some of my readers including one that made $2,000 in one day as well as someone who tried it for the very first time and made $19 on the first day.

Anyways, let’s get into various techniques on how to make Adsense money, shall we?

Automated Blogs

Remember when I wrote “Automated Blogs for Adsense”, well, that goes into some details on how to set one up and what to avoid when doing so.
I tried it out and probably made a few dollars here and there but I think it’s a little unethical and I felt in the long run I would get in trouble so I stopped. But if you want to try it out for yourself, check out that post.

Small Niche Sites for One-Time Setups

If you have been a reader or subscriber of DatMoney for a while, then I’m sure you know that I set up a bunch of small niche sites on a one-time basis and just leave it there to accumulate Adsense earnings. I wrote details on how to build a niche website and I still do that.

I basically create a bunch of them and just let it sit there and gain earnings. I rank them in search engines for a particular keyword and just watch people come and click away.

Now some of the websites don’t do as well as others. Some only make like $10/month while I have others that make up to $100/month. I know that doesn’t seem like much but say I have 10 websites setup making an average of $40 between them, then I’d be making $400/month continually and I don’t have to touch the site ever again!

High Paid Keyword Sites

You know there are a lot of high paying keywords for each individual click out there. And just because they have lots and lots of competition, it doesn’t mean you still can’t compete.

For instance, we all know how overly saturated the make money online niche is but quite frankly, you don’t even need to rank on the first page of search engines to make money. I know you probably won’t be making thousands every month but I set one up and I barely touch it and I make $20-$100 monthly. This is also with very, very minimal traffic. I mean, the site probably gets like a few hundred visitors each month.

There are a bunch of ways on how to make Adsense money, you just need to have an open mind and actually work on it. I just gave you three good ways on making Adsense money and two of them are somewhat automated. Now you can always subscribe to get the password to the $100/Day Adsense post and you can get a very easy way of making money with Adsense but you just have to actually work. But it’s not hard, just sometimes time consuming.

Anyways, if you have any additional ways on how to make Adsense money and you want to share it, feel free to add a comment! And if you have any questions, leave one and I’ll try my best to answer you.