Bankruptcy to Millionaire

So what is it that I can do working 4 days a week, 8 hours a week. And earn more than I’m making at my current J-O-B?

This is me. I’m not normally this silent. But I don’t have a mic for my computer. So here’s a quick video of a little of what I for people at resturaunts while they’re waiting for their food.

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I mentioned yesterday that I was going to issue another challenge. I am going to hold off on my cash prize challenge to my readers for just a little while. I’ll explain why in just a second.

My true dream is to build an online empire by making money online. I want to create websites, and resources that people can find true value in. The other thing that I’ve learned/(am learning) is that making money online isn’t easy OR automatic. It takes work, effort, time, and ambition.

I am 100% will to put in EVERYTHING it takes to get to where I need to be. And I’ve been weighing my options, on the best path to get to where I need to be. And after looking at my current stats I haven’t been putting enough time and effort into tracking my numbers. I have also realized my income is RIDICULOUSLY lower than it should be. I happen to have a talent (which I will share with you all very soon) that can decrease the hours I work by over 75% and increase my monthly income by 30%.

It is my own stupidity that has kept me from reaching my potential with this talent. Because it takes (a little) work to get to where I need to be. But I know it can be done in less than two weeks–with a little thought and planning. But always told myself that I don’t “deserve” it because there are many out there better than me at this. And that this talent isn’t my true PASSION.

But here’s the problem with my thinking! I have literally be losing TIME AND MONEY to do what I truly love. If I had put in the two weeks to get where i need to be a year ago. I would have had THOUSANDS of more hours to put into what I truly love. Where would I be then? Millions? Maybe…

So here is my personal challenge to myself: 

Put in the time, and do WHATEVER it takes to increase my performance time from 1 day to 4 days a week.

That’s it. If I can share my talent with others 4 days a week, I will be making more than I am at my “full time job” working only 8 hours a week. Why the hell didn’t I do this sooner?

What is my talent? What do I mean by performance? I will share all of this with you tomorrow.

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Ok, well the moment of truth is here. These are the results from my Two Week Cash Challenge:

(I didn’t realize the numbers were so bad. I guess I wasn’t tracking as well as I should have. This is a true confession.)

Adwords Statistics

30,000 Impressions

464 Clicks

1.52% Overall CTR

 $132.55 (*cringe*) cost

Landing Page Statistics:

46 Initial Opt-Ins

20 Confirmed Double Opt-Ins

Clickbank Statistics: 

251 Clicks To The Product Sales Page

1 Sale (+24.55)

Total Two Week Cash Challenge Results:

20 newsletter subscribers

 -$108.00

There you have it. My confession. I’m not buttering things up here. I did NOT meet my expectations, or my financial goal. Some may look at this as a failure. I do not. It was a great learning experience for me. I know many areas where I went wrong, and what I can do better next time.

What went wrong?

There were a number of things I did wrong. I did not optimize my ad groups enough. I just broke them down in to basic categories. This was a small issue, but it did effect my quality score.

My biggest issue was:

I did not optimize/split-test my landing page/opt-in form. Looking at my statistics now, I realize how truly terrible they were!!! It started out great in the first two days, and after that I kind of ignored that number. This was a huge mistake! I shoud have paused my campaign as soon as I noticed I wasn’t over 50% and started optizing the landing page.

If you are starting in affiliate marketing. DO NOT MAKE THIS MISTAKE. Constantly track your numbers.

Which has inspired me for my next challege. Stay tuned tomorrow. I am going to challenge myself, and YOU. If you can keep up, there is something in it for you.

If you challenged yourself, what were your results?

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So I issued the challenge. And I have updates on my challenge that beset upon myself:

The Challenge:

Make $100 in profit online in a 24 hour time span - may use any means possible

Deadline:

11:59 PM January 28th PST

As that deadline looms. I’m in my last ditch efforts to turn a profit. Just before I typed this entry, I wrote what I consider to be a great email to my house list of about 50 people in my niche, that I’ve developed over the past two weeks. I will need 2 people to buy from this email to reach my goal, which I know is a steep 4% response rate from my list. So… we’ll see.

Self-Review of myself over this challenge:

I started this challenge out with much bravado. I was quite proud of myself and the efforts I put up. And with a $25 sale on the first day of the challenge, I was especially excited. But seeing as today is the end of the challenge. I realize, I did not put in near enough effort in the final days to reach my goals.

I did not continue to work hard through the weekend. And I did not continue to read steadily through the final weekend. This is something I am certainly going to improve upon.

I was also disappointed in neglecting to blog, during the challenge. For my next challenge I am going to blog everyday with updates. Instead of only occasionally. I have seen a notable drop in traffic AND subscribers since my updates stopped coming daily.

Tomorrow is going to be a very special day for this blog. Make sure to come back tomorrow for:

• My final update on my challenge. Will I make my $100 by midnight tonight. Come back and find out.
• I will issue a new challenge to myself AND my readers. There WILL be prizes for the winners.
• A video update on one of the most amazing things you will ever lay your eyes on. I am going to show you something that I get paid upwards of $500/hour to show others. So you’re going to want to stop by and find out what that is.

Until then: good luck if you have taken part in this challenge with me? How have you done? Have you stuck with it? Are you accomplishing your goals? Is it time to reevaluate? What can you do differantly next time? What can you do to improve and get better results next time?

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Ok, the January 28th deadline is looming for my $100 in one day profit.

I must say, I’m slightly disappointed in my results thus far. I am getting decent traffic, and decent opt-ins. (At about 5 opt-ins per day, at a cost of about $3 a day in advertising). I’m not doing anything major (I don’t have an unlimited budget).

But I am going to kick it up a notch. I am going to start looking for some free traffic (forums. Social media. Etc.) sources to pitch me free eBook. This will hopefully lead to a blow out sale that I am going to offer on the 27th for 24 hours to all of my opt-ins. I hope this leads to the $100 profit.

This blog is short, because I’m concentrating on taking action. What are you doing?

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So the time is ticking down on the challenge I made for myself, and EVERYONE of my readers.

But here’s the sad part, I got so little of response to the actual challenge! I’m thinking people aren’t as serious as they say they are…

I had great response to my entries on:

The Success Attitude - What 90% Of People DON’T Have & The follow up post where I showed you EXACTLY how you can begin to TAKE CONTROL your emotions so that, you litteraly CHOOSE YOUR MOOD no matter what’s going on in your life, in my Controversy Strikes Again entry.

People gobbled this information up. I had a huge spike in views and comments than my average post.

Then I posted my challenge to all of you.

To set a goal, and to achieve it NO MATTER WHAT IT TAKES. And sadly, too few, if ANY actually challenged themselves for success. It seems too many readers of blogs are “All read. No action.”

C’mon people! You can’t just read all these make money ‘ideas’ and say to yourself “Yeah! That’s a good idea. I could totally do that!” And then never EFFING DO IT!

You have to take action. And you have to TAKE ACTION NOW. Otherwise, you’re never going to get ANYWHERE.

There are a combined ~450 Make Money Online and Internet Marketing blogs on Entrecard alone! And I would bet that 80% or more of those blogs are doing nothing more than posting to those blogs, other things they’ve read, or have seen in the past. They are NOT taking MASSIVE ACTION on a DAILY basis.

If you are reading this and thinking to yourself: “Yea… that’s probably me. I really don’t do as much as I could. But my day’s are already busy, and ya know. There are a few new TV shows on tonight. And CSI: I’ve Seen This a Dozen Times is on, and I can’t miss that!”

I’m talking to you!!!

(The reason, I know you’re saying this to yourself in your head, is because that’s how I talked to myself for MANY years, when I read all this great information.)

If you don’t get out of this habit, you are going to be sitting on your ass forever, dreaming of the gold strike. And you’re going to be broke. So my question to you is:

Are you ready for change? Are you 100% COMMITTED TO SUCCESS? If not. You’re doomed.

Here’s the deal: It’s 8pm. I got off work 2 hours ago. I’m still sitting at my desk, writing this entry. I’m probably going to be here for another two hours, tweaking my landing pages; writing content for a sales letter; a number of other things on my to-do list if I have time.

Because, I’ve cut down the distractions in my life. I’ve prioritized. CSI: Boring Edition can wait for when I’ve made the money I need to make.

Where do you stand?

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How would you like to discover exactly how I made money LAST NIGHT, WHILE I WAS SLEEPING?

Just three days after I threw down the challenge to ALL of my readers (it’s not too late to take part! Take action now!) I have been seen RESULTS. Yes, you read the right. CASH IN MY POCKET.

Am I going to tell you what I sold? No. Am I going to show you the eBook I’m using to promote it? No.

Not yet at least… affiliate marketing is a HIGHLY competitive field, and if I find a successful nice, I just CAN’T afford to give it up (and risk someone copying me). But what I am going to do is tell you what I did, to find success.

First, as I mentioned in yesterday’s post, I’m taking MASSIVE ACTION. And conditioning myself for success.

I was working on my projects after I got off of work from my “real job”. I worked until about 10 pm, writing a sales letter, setting up auto responders, etc. I created a long list of To Do’s in order of priority, and just got to it. I told myself I would NOT leave until what I got done what I needed to get done. In this case, it was a fully functioning site, with a download page, auto responder, opt-in form, etc.

(I’ll provide you with my resources for these items soon.)

So I got it up and running, and I woke up this morning to the following stats of my niche site.

(Note: I’m testing 4 out of about 100 ad groups. So there is HUGE room for expansion if the averages play out.)

I woke up to the following amazing results from 10 PM yesterday - 11 am Today:

• 28 click throughs on adwords ads. @ 1.9% CTR on my adwords ads (I’m paying LESS THAN $0.40 for each click!).
• 9 Email Opt-Ins to receive the newsletter, and free eBook.
• 1 Email Testimonial praising the eBook.
• 1 $24.55 commission (sale)!

So not only do I have a profit of about $19, I also have a start of a mailing list that I can promote niche products to!

I can’t wait to give a further update on all of the techniques I’m going to use to promote via email, and eventually snail mail. So make sure to subscribe to my RSS so you get all of these juicy details!

I can taste my first $100 day already! Are you head toward your goals, or away from them? If not toward why not? Challenge yourself for success!

- Tevin

P.S. If you don’t already, make sure you check out a GREAT AFFILIATE MARKETING Blog: UberAffiliate.

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Success is a marathon. It doesn’t happen over night, it takes work and effort on a continuous basis.

You don’t expect to run a marathon after sitting on your ass for the last decade and actually finish do you? You shouldn’t expect anything different from success.

When I challenged my readers to work their ASS off for two weeks to reach a substantial goal that they set. I also am giving myself the same challenge.

I have challenged myself to work my ASS off to PROFIT $100 by January 28th. Just two weeks from the start of the challenge. But for me to work my ass off, I must CONDITION MYSELF. If I’m not conditioned I’m going to be warn out by the end of the first couple days.

Instead, I am forcing myself to take MASSIVE ACTION in all areas of my life. I am going to bed earlier. Getting up early and eating a hearty breakfast (a meal I am notorious for skipping). I am forcing myself to read.

I am reading equal parts of:

Scientific Advertising by Claude Hopkins & Think and Grow Rich by Napoleon Hill

When I drive I am listening to Yanik Silver’s copywriter workshop (about 12 Audio Cd’s).

I am forcing MASSIVE CHANGE in my life, to achieving MASSIVE SUCCESS. I am skipping lame television shows. I’m not wasting time Entrecard dropping. I am focused.

In the two days since I proposed the challange, I have:

1. Put together a 75 page eBook, that I am giving away for free.
2. Launched a niche blog to promote the ebook
3. Tweaked the blog to look like a sales page and not a “blog”.
4. Put the affiliate links necessary to promote the niche products in the eBook.
5. Tweaked my adwords campaign to promote the free eBook.
6. Started work on a “make money online” section of this blog to rank in the search engines.
7. Listened to two full CD’s on Yanik Silver’s Copywriting course which gave me some fantastic ideas to promote the free eBook.

And that’s just in the last two days. I can taste that $100 day coming!

What are you doing?

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(Make sure to read this entire post, to get in on the challenge that will change your life.)

*cue fireworks* *cue marching band playing John Phillip Susa*

Well it’s finally here. Mark it in the history book, www.BankruptcyToMillionaire.com has hit the 3 Month Milestone!

With 62 63 Posts, 113 comments, and over 300 unique visitors a day. I am THRILLED. This blog has grown faster than I would have ever imagined. This is not a blog that I’m trying to get rich with, or trying to establish myself as the end-all know-all expert of everything.

It’s about my growth, and experiences that will lead me to my ultimate financial freedom. I am thrilled to hear the comments from you all, that talk about how you are becoming inspired to take MORE ACTION and to accomplish more, more often. Good work! Lets get there together!

I Challenge You To Change Your Life.

Lets face it. There are a lot of damn “Money Bloggers” out there. Some blogging about how to make money online (some actually do, most really don’t). Some blogging about how they are TRYING to make money online (which is only part of what I’m trying to accomplish here). But here’s the thing. Other than blogging about things. What in the hell are you doing to try and make some money?

I know I’m “trying” things. But as one famous puppet once said: “There is no try. Only do.” . And with that spirit in mind. Here’s the simple challenge:

Two Week Challenge For Cash!

“Do ABSOLUTELY EVERYTHING in your power to reach your goal by 11:59 PM January 28th 2008.”

That’s the whole challenge. Now if you’re trying to make money online, you can either choose to embrace this challenge and put your destiny in your hands, you may choose to accept that your Destiny is in YOUR HANDS. You control your outcome. Or you may say to yourself like you always do:

“Oh yeah, I really need to do that. That’s a good idea. I’m definitely going to think about doing something like that myself someday.”

But here’s the sad reality (and I know this to be true. Because I said this to myself every time I had/read/thought of a good idea that I really knew I should take action on, but never did) is that you are NEVER going to take action with that attitude. If you always have a reason to not take action now, then when?

NOW is the ONLY time to take action.

So now I must set a goal. (In addition to write on this blog my goals. I am writing them BY HAND, ON PAPER, and posting them in front my computer. This way I KNOW exactly what I am shooting for every step of the way.)

My goal is to by the end of January the 28th to have had my first $100 day. That’s right: I WILL make $100 IN PROFIT by January the 28th.

Tonight is going to be spent researching the most effective and quickest ways I can implement to start making some money. Ideas I have:

• Find affiliate offer
  • PPC Marketing (Not working the way am doing it right now.)
  • Free Traffic?
    • Craigs Lists
    • Ebay
    • Social Networking?
      • Myspace
      • Facebook
      • Friendster?

• Proxy Websites
  • How are they done?
  • Can they still make money?
• Niche Blog Network
  
  • Travel
  • Wii
  • Ebay
  • Monetization?
    • Adsense
    • Affiliate offers?

• B2M
  • Can it be monetized?
  • Do I want to?

There you have it. That’s a general outline of where my mind is at. With massive SIMULTANEOUS action on one, or ALL of these things reaching $100 in twenty four hours should not be all the difficult with some thought.

Now, YOU KNOW WHAT YOU HAVE TO DO! Just go do it. I’ll see you in two weeks.

- Tevin

P.S. Post your comments if you’re taking me up on your challenge. What are your goals? If you wrote a blog on what you’re taking action on RIGHT NOW leave a link. Just do it, or be left in the dust. Good luck everyone.

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UPDATED: Apparently my vote is well placed in Gyutae Park of Winning The Web! I just got an email regarding my free tshirt and was also informed by Gyutae that Tyler is getting desperate:

“However, Tyler is being very [edit] about the rules and he says that technically your vote doesn’t count. Could you please edit your post so it’s over 300 words and there’s a link to Tyler in there somewhere? That way your vote will count and you’ll have a chance at $100 when I win.”

HA! Nice try Tyler, but you ain’t gonna snipe my chances of winning a $100 bucks! So now, with this update, not only to I reaffirm that Gyutae is the RIGHTFUL winner of this LINKBAIT contest. But I also secure my place as a QUALIFIED VOTE.

____Original Post______

Ok so I am to become a millionaire in 48 months… well 45 now as three months have already passed… and by looking at my sidebar, I’m still in the hole 13 bucks… So make that a $1,000,013 now that I have to make online.

Then I came across one way to make a quick $100. Thus leaving me only $999,913 to make. This is obviously a smart investment. “How do you win this said $100″ I hear you ask…

This is easily done by winning a contest being sponsored by http://www.WinningtheWeb.com and http://www.TylerCruz.com . And I’ll gladly take either of these two jackals money. Now, knowing that Tyler Cruz is a poker player, he calculated the odds. He figures to be a huge favorite in this even money match up between these gambling bloggers. (Gyutae, You’re definitely taking a gamble on this one!)

For this very reason alone I have to vote for the LONGSHOT! If this were the 2007 WSOP Tyler would be Scotty Nguyen and Gyutae would play the part of Jerry Yang (Confused? Google it….). Somehow I think Gyutae is going to work some magic, and with a little luck gonna pull this contest out with a W.

So my pick between the WTW and TC match up:

Gyutae Park - Winning the Web

Now send me my 100 bucks!

- Tevin

P.S. Subscribe to my RSS to be notified of future contests being held at B2M

P.P.S. Give me a $5 Tip get 30 days of Advertising on my Scratchback widget. Bonus 100 entrecard credits for the next 5 to tip $5.

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