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October 9, 2006

In this issue:
* Two Valuable Classics At No Cost
* Auction Genius Course Student With A Full Time J-O-B Reaches $5,025.70/Month On eBay
* A+ Membership Site "Relaunch"
* From Our Humor Department

Back when I was first starting on the Internet, I was forunate enough to stumble across Ken Evoy's classic book, Make Your Site Sell. Most folks probably know of Ken and his SBI site and this book started the entire thing. It even had a printed edition, which I bought. Just like the book I wrote for Ken, Make Your Net Auction Sell, this one hasn't been updated in a while, but it's still a solid book, a gem that everyone should own. Ken just recently decided to give it to anyone who wants it and you can download it here:

http://myss.auctionknowhow.com

Ken also is giving away a second book called Make Your Content PreSell. If you've ever tried to sell an affiliate product, you know how important it is to pre-sell. In fact, there's a currently "hot" new ebook on affiliate marketing that spends a great deal of time discussing pre-selling. If you ever want to sell any product that isn't yours, you need to understand the concepts in this excellent book.

http://mycps.auctionknowhow.com

At the very least, both of these classics should be in your Internet library for reference when you're ready to use them. Grab them now.

Auction Genius Course Student With A Full
Time J-O-B Reaches $5,025.70/Month on eBay

Mark Maclean is one of the best students I've ever had in my Auction Genius Course. Mark has a blog and reports that he just crossed the magic eBay sales threshold of $5,000 - $5,025.70, to be exact. Here's the thing ... Mark not only has a full time J-O-B, he has a traveling job. I guess that disposes of the "I don't have enough time" excuse that we all use from time to time. Congratulations, Mark.

http://myebayadventure.com

A+ Membership Site "Relaunch"

Those of you who have been subscribers for a while know that I don't jump on all the hysterical launches that come along, sending out email after email promising "the greatest bonuses in the world" if you join via my affiliate link, blah, blah, blah.

However, there is a membership site that is temporarily re-opening tomorrow, October 10, that I am definitely recommending, so I would like to take a break from auctions and tell you about the awesome value in this site. Well, actually, this is related to auctions, but more on that later.

This membership site is focused on building niche websites and there's so much in this site it's simply overwhelming:

* There are 256 videos

http://auctionknowhow.com/videos.shtml

* Extensive software and services for keyword research to enable members to find the most profitable keywords, including a service that allow up to 100,000 keyword searches every single month

* There are 300 articles on profitable topics every month

* There is software that "spits out *unique* article content sites that yield an arousing 50% ClickThrough Rates"

* There is a "Master Portal Builder's Toolkit" with beginner and advanced lessons

* There is an absolutely awesome forum brimming with all kinds of information. I almost never read public forums anymore. With a few exceptions, they're just spots for uninformed people to argue. This one is different, though, and I'm there almost every day, checking to see what's new.

* There are all kinds of special support areas with quality leaders, like Sherman Hu, the Wordpress blogging expert or Sean Wu from TagAndPing.com. One of the new partners is my friend Todd Taylor who is arranging interviews with all kinds of experts on various Internet disciplines, like eBay. I am happy to be one of his future guests.

* There are "Advanced Lessons In Portal Building" from Jim Morris, the owner of NicheBot.com

* The founder of this cool site, Scott Standke, is constantly giving unannounced bonsues to members, like a program that would cost $300 to buy

http://ka.auctionknowhow.com

There's lots more but the most valuable part of the site to me comes from an awesome guy named Tim Gorman. Tim is a captain in the US army with a VERY full time military job. Yet he has managed to build a $10,000/month income with only a small amount of time. He says he will retire in two years and in 2007 his goal is to raise that income to $15,000/month. I have no doubt he will make it, either. Plus, Tim is incredibly generous about sharing everything he's doing and gives the members step-by-step details. I've followed his method just to see what would happen. Here's a report on my first results.

Virtual Real Estate For $2.99!

Sometime in the last year or two, John Reese coined the term "Virtual Real Estate" (VRE). This is a powerful concept if you think about it because John compares a web property to a physical property. If you buy an investment house, for instance, you can theoretically rent that property out to someone and (if you've done your numbers correctly) pocket a monthly profit. Own enough rental properties and you earn a nice income.

However, owning physical real estate can be a real bummer. I know. I was a real estate investor myself in another life. If you don't know what you're doing (and most folks don't - ask Carlton Sheets) there are financial risks and the possibility of some real legal hassles. And what if your house is unrented for a month or two or six? You must still make the mortgage payments whether they're being covered by your tenant or not. Then the property gets torn up and needs extensive renovation, the market takes a dive, etc., etc.

Contrast that with VRE. The risks are financially insignificant and worst case your web property just sits there, making no money, but not costing you much of anything either. A good VRE will continue to bring in money, with little effort on your part, once you have it properly set up.

Enough of that analogy and let's talk about what Tim Gorman teaches. Tim has a way of building a website that is currently earning him the previously mentioned $10,000/month. You can - literally - build a Tim Gorman VRE for $2.99 (not counting any web hosting cost). That is the cost of a ".info" domain name at our favorite domain registrar. It will take work on your part to build this site, but if you're short on money and long on time, this is a dream. And using the keyword tools on the site, you will be able to wisely pick a niche around which to build this site.

Tim lays out his method, step by step, so I decided to try it. After five weeks, I am now earning (as of yesterday) $13.27/day from AdSense. Of course, these numbers will vary by the day, but that's $4,843.55 a year. Nice, but not mind-boggling, right? But here's the thing:

1. It truly did cost me $2.99 in actual cash

2. Now that's it's up and running, it will (according to Tim) take me about 1-2 hours/month to maintain. Perhaps no time at all, depending on several factors.

3. I now have a method that I can repeat again and again and again. Because it's simple and timeless in that it gives the search engines exactly what they want. No black hat SEO or tricks.

4. What if I build 10 of those? That's $48,435.50, 100 is $484,355.00; 1,000 is - well, you get the idea.

Is $13.27/day an average profit? I don't know because this is my first one, although my second one is ready to go and I'll start promoting it today. Tim says the average site will earn between $5-$15 per day. Perhaps I did so well with my first one because of this particular niche, or because I'm an experienced marketer. And, I did all the work on the first site - not so with my second one. My writer did all the content for the second which raised the cost, of course. But with the help of my writer, I can churn these puppies out and I intend to. Cheap VRE that I can place on almost total auto-pilot. If that rings your chimes, too, sign up for notice on the re-opening of the website. Don't forget that it's tomorrow, October 10 and I doubt it will last long. Most likely hours only.

http://ka.auctionknowhow.com

If you decide to join the site through my affiliate link, send me an email and let me know. I am going to demonstrate another site I'm building with the Tim Gorman method, except that it will have two possible income streams, rather than just one. If you're a Tim-fan, you'll want to see this. I don't know yet how it will do, but I hope it will be even better than my first one.

Oops, I almost forgot - I mentioned earlier that the material in this site IS related to auctions. In the first quarter of 2007, Jim Edwards and I will be becoming out with a product on how to use content on eBay to build your business. This website will fit perfectly! Ah, so many blessings. :-)

From Our Humor Department

A friend sent us the following tongue-in-cheek questions after noticing some of the silly questions that people ask on forums:

* Should I get one or two keys for my PO box?
* Is it okay if someone else goes to my PO box and empties it every day?
* Should I get a box that's up high or down low, will I have to bend down to pick stuff up if it's down low?
* Does it matter which way the door opens (i.e. left or right) on my PO box?
* Do I have to worry about who my neighbors are in the other other PO boxes?
* Should the PO box have an odd or even number?
* How many digits should I have in my PO box number?
* Can I pay for my PO box with cash or do I have to use a check? How often do I have to pay this fee?
* Will the post office now accept credit cards and debit cards?

- - -

My tech partner Jeremy sent him the following answers in reply:

> Should I get one or two keys for my PO box?

Reply: We recommend only one key. To save time and make it easier to find we often suggest taping it to the outside of the PO Box. After all, who wants to go looking for your key each time?

> Is it okay if someone else goes to my PO box and empties it every day?

Reply: Well, this depends. Technically only you should get your mail or someone working for your company. Otherwise the Postmaster may have you arrested, thrown in jail. Then you will have to pay 14,000 to clear your name - but perhaps Clark Howard will pick up your story. However the easiest way to avoid this is to ask to speak to the Postmaster. Tell him/her what you want to do and ask if it's okay. As you are doing this, quietly slide a $100 bill onto the table then look away. Amazingly the bill will disappear and usually the answer will be Yes.

> Should I get a box that's up high or down low, will I have to bend down to pick stuff up if it's down low?

Reply: This depends on whether or not you have a chiropractor. If you do then the choice is yours. However, if not, then we wouldn't risk it. After all, who would want to bend over to get money orders? That's just too much work!

> Does it matter which way the door opens (i.e. left or right) on my PO box?

Reply: This where most people mess up - you want one that opens down.

> Do I have to worry about who my neighbors are in the other other PO boxes?

Reply: Oh yes, for sure. After all if someone is running a scam from one of them you might see them one day getting their mail and then what? We recommend asking for a list of those that have rented all the PO Boxes in your section and then contacting each one to make sure everything is okay.

> Should the PO box have an odd or even number?

Reply: If you were born on an even day get an even number; otherwise get an odd.

> How many digits should I have in my PO box number?

Reply: The more digits the better because people have to write more and writing is fun right? They should be willing to give a little to contact you.

> Can I pay for my PO box with cash or do I have to use a check? How often do I have to pay this fee?

Reply: This is an easy one. Most PO Box's want weekly payments. You simply tape the CASH to the outside of the PO Box. Trust us - it will disappear.

> Will the post office now accept credit cards and debit cards?

Reply: It depends on whether the first four digits of the card add up to 14 or more.