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The Day I Gave ClickBank The Flick


Most people would have heard of ClickBank by now and it’s probably safe to say that the majority of the associate ClickBank as a way to make money online. Unfortunately I’m not one of them and today I have decided that I will no longer be associated with them. Before you get any wrong ideas I want to be upfront by saying it’s not them it’s me. Heck, it’s not their fault that they have come cockamamy crap written into their client contract, one that I failed to read properly before signing up, now is it?

I’ve only ever promoted one product successfully using ClickBank, by successfully I mean I actually made a sale  :laugh_tb: Having made that sale I was under the impression that the commission from said sale belonged to me. Imagine my surprise when if found the proceeds from the commission was steadily decreasing. Just take a look at the image below to see what I mean.

My ClickBank PayCheck Screen

Naturally I thought it was some sort of error so I hit the forums to see if I could get it resolved. What I found was I should have read that damn contract, part of which stated the following.

In addition to the foregoing, and in addition to all other rights and remedies available to ClickBank at Law or in equity and notwithstanding anything in the Agreement to the contrary, in the event You breach any term of this Agreement, or Your account becomes dormant as defined in our Accounting Policy and/or has a negative balance ClickBank will have the right to immediately suspend or terminate Your Account and Your rights to access, use and/or otherwise participate in the ClickBank Services.

I highlighted the word dormant because apparently that is what my account had become.  So, what is a dormant account? For that we need to check their account policy.

Accounts with a positive balance but no earnings for an extended period of time are considered dormant. Dormant accounts are subject to a charge of $1 per pay period after 90 days of no earnings, $5 per pay period after 180 days of no earnings, and $50 per pay period after 365 days of no earnings.

As you can see from the image above my account has been dormant for so long that they are currently deducting $5 each pay period. Apparently after 180 days of inactivity they’re going to deduct $50 per pay period. Yeah, good luck with that  :lol_ee:

Perhaps they figure by doing that they’re going to motivate me to produce more sales but those sort of tactics don’t work with me. Besides, the main reason why ClickBank isn’t working as well for me as the other affiliates I have joined is because I’ve found it way too hard to find quality products that I feel comfortable promoting. Now, I’m not saying you can’t find good products there, they just seem to elude me and I’m not one to waste too much time looking for what I want.

To cut a long story short I’ve decided not to promote their products anymore because I feel my time is better spent elsewhere, with companies that respect what is mine and who don’t put their sticky fingers into my account making what is mine theirs.


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Blogging Green To Save The Environment

  • #1 Green Web Hosting Do I use their service? Yes I do! I host both buy world lottery tickets online and A Loving Memorial using them.
  • Would I use their service? Definitely! In fact, the next blog I start, or if one of the hosts I currently use pisses me off, I will definitely host that / those blogs using GreenGeeks.
  • Am I an affiliate? Definitely! Why wouldn’t I be after discovering a site that offers people the chance to blog green thereby minimising their carbon imprint.
  • Are There Any Coupons? Yes, there is. I was fortunate enough to be able to secure a coupon for my readers which I have included at the end of the post.  :thumbup_ee:
OK! Now, on with the post.

English: "Stop Global Warming And Save Th...

English: “Stop Global Warming And Save The Trees” Organization’s Logo (Photo credit: Wikipedia)

I’m sure that most of you didn’t know that you could actually get green hosting for your blog or website? I know I was surprised when I happened across GreenGeeks who are said  to be the world’s #1 green web hosting site. I also know there are a lot of people out there arguing about whether or not global warming actually exists but global warming aside the one thing that people can’t deny is that we’re polluting this beautiful world of ours.

I truly believe that talking about pollution is far more tangible than the idea of global warming because it’s something that people can see. Anyone who lives in a major city can testify about the smog ridden impurities in the atmosphere. Anyone visiting from the country areas will testify how they notice the difference in the quality of the air. The trouble is unless we do something about it now, it will spread like a cancer until no matter where we go we’ll be breathing in air that has been infected with man’s pollutants.

We as individuals should be doing whatever we can to minimise that and having a green blog or website is just one of the ways we can go green. Apart from going green GreenGeeks has a lot of features to offer including;

  • Unlimited Web Space
  • Unlimited Bandwidth (Data Transfer)
  • Host Unlimited Domains on 1 Account
  • Unlimited E-mail Accounts
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  • FREE Domain Name for Life. This is great for those starting their first blog as it eliminates the yearly cost of renewing their domain.
  • FREE Site Migration
  • FREE Marketing Credits
  • FREE Web Site Builder + Templates

So, if you’re dissatisfied with your hosting, are looking for a host or simply want to do your bit by going green then perhaps you should consider joining the #1 Green Web Hosting site, GreenGeeks.

What’s that I hear, how can a web host be considered green? Well, firstly you need to know is that data centres, as this article shows, are becoming huge polluters, so much so that it’s said they’re going to overtake the airline industry! The GreenGeeks overcome this, partly by using the latest in technology but mostly by purchasing three times what they use from the grid in wind energy credits.

So, if you want to do your bit for the environment perhaps you’d consider using a green web host and using you can save thirty dollars by using the blogsire30 Green Geeks coupon.

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I’ve been playing the stock market game for many years and along the way I have made thousands of dollars. Unfortunately, I have also lost thousands of dollars. Truth be told I am still thousands in the red, but, I am clawing my way back and I plan to be back in the black sometime soon. I would be there a lot sooner if it wasn’t for the latest Greek economic travesty which will be making that a longer journey than I had hoped.

If you’re an experienced share broker then this post will be of no value to you. If on the other hand you’re a newbie who wants to learn the stock market as another way to earn income then you will find some value in what follows. As in all businesses, and mark my words, investing in shares is a business and not a hobby, you will want to ensure that with every transaction you have one goal in mind and that is to turn a profit. This means that you need to ask yourself whether your investment, trade or software will make or lose you money before taking action.

What this post does not claim to do is to give you all the ins and outs of share trading or trading the current stock market. You would need a book or two to do that, but I will be linking to a few very good ones as resources from within the post. It is meant to be stock market for beginners and what it will do, is to highlight some of the mistakes I’ve made while stock market investing. Let me tell you, not repeating the same mistakes that I and countless of others have made while trying to learn how the stock market works can potentially save you literally thousands of dollars. Heck, there may be some tips that will probably help you to make some dollars as well.  :thumbup_ee:


Tip #1: Paper Trading, Your First Step

Paper trading is something I should have done but didn’t. If I had utilised paper trading to learn how to play the stock market before going in live I’m sure I would be thousands of dollars better off. If you’re new to the stock market and plan on trading shares on a regular basis then I strongly urge you to this article on How To Paper Trade!

Tip #2: Investing In Stock Trading Software

My first mistake was paying for a market analysis software called Trade Tech Market Analyser 2000! This software was supposed to provide  automatic buy and sell signals that enabled the user to buy shares at the lows so they could sell it at the highs thereby maximising their profits. This piece of software set me back $10,000 because I was stupid enough to fall for the hype at the so called free seminar.

Take my advice, if anyone tries to sell you something that they claim will predict the highs and lows then learn from my mistake and stay away from it. Just so you know the company that sold me that no longer exists making the software useless, but I’ve kept it just to remind me not to be so bloody stupid next time someone promises me something that sounds too good to be true.

Tip #3: Don’t Let Greed Take Control

The stock market today hasn’t changed, people are losing just as much money today as they did in years gone by simply because they led greed cloud their judgement when making a decision to either buy or sell stocks. I’ve lost count of the times I’ve not maximised my profits because I’ve let greed get in the way of what could have been a profitable trade. You’re being greedy when you think you can predict the ultimate high or low of any given stock.

Let me give you an example of how greed can cost you money. Lets say you bought 1000 shares of a particular stock at $10 and you could have sold those shares at $12 realising a $2000 profit. Instead you decide to hang on to it for another day thinking that you could make a little bit extra. Unfortunately for you the share dropped over a dollar when it next opened reducing your profit by over 50%! Had you sold the share you not only would have realised a profit you would have the opportunity  to enter the share market again. Heck, I’ve had stock drop so much it’s put me in the red!
Knowing when to get into the share market is something that everyone wants to know. Naturally you want to get in when the stock you’re interested in is at its lowest and sell when it’s at the highest but unfortunately that’s almost impossible to do and trying for it will cause you to miss many trades. This will ultimately result in lost opportunities. In other words don’t be overly upset if the stock goes down after purchasing it or if going up after you’ve sold it. All that counts is that you made a profit and are now ready to enter the market again for your next trade.

Tip #4: Have An Exit Strategy

This is something that I have yet to come to grips with but where its use can not only maximise profits, as in the example above, it can also minimise your losses. Lets go back to those shares that you bought at $10 which now closed at $9.60 The next day it closes at $9.30 and the day after that it was down to $8.90. What you have now is a stock that you can’t afford to sell and so you have to wait until the price goes up enough so you can sell it at a profit. Had you had an exit strategy to sell at say $9.50, you would have been able to buy in again at a much lower price thereby increasing your profits.

Because I hate selling at a loss I’ve been left holding certain shares for months on end tying up money which could have been used to make more trades thereby increasing, hopefully, my earnings.

Your exit strategy can be tied to Stop-Loss Orders, something you should be using, especially if you do not have the time to monitor share prices on a daily basis. This is something that you can discuss with your share broker or if you plan on doing it online then you should make sure they have something in place that will allow you to place stop-loss orders. I actually use two, E*Trade and directshares both of who use something called conditional orders to set their stop loss.

Tip #5: Beware Penny Stocks

Penny stocks are low-priced speculative issues of stock that sell for less than $1.00 a share. I was attracted to penny stocks because of their cheapness but unfortunately for me I didn’t take into consideration their speculative nature. Trading in speculative stock is more akin to gambling than anything else in the stock market. I still have stocks in companies that now no longer exist which makes them totally worthless. They’re still there in my portfolio but only as a reminder so that I don’t get tempted again. Unfortunately for me the temptation was too great :wallbash_tb: but I won’t fall for it a third time.

Having said that there are sites that claim to make a lot of money trading penny stocks, and you may want to include some in your portfolio but I wouldn’t go too heavy on them.

Tip #6: Beware Advice From Business Magazines

OK, so I had no idea about share trading so I go out and buy all these magazines in the hope that it would teach me something about share trading, as well as giving tips on what shares to buy. They’re supposed to be the experts so I figured any advice they give to be good advice, surely better than anything I could come up with. Nope! It took two bad share purchases to learn I should not take anything they say at face value without doing a lot more research.

Tip #7 : Don’t Borrow To Buy Shares

Luckily this is not something I fell into, rather it happend to a friend of mine. He took out a margin loan  in order to enter the share market and not being savvy to the pitfalls involved it cost him dearly. Luckily his father was able to bale him out otherwise he would have had to declare himself bankrupt. Here is a great article on margin loans that everyone thinking of taking this route should read.

Tip #8: Diversification

I’ve read that the best way to be successful in share trading is to diversify by spreading your investment capital around in different assets and sectors so as to weather the ups and downs of the market. This is specially true if you haven’t the fortitude of selling shares at a small loss as part of your exit strategy. Unfortunately this requires a fair bit of cash, something that I and I’m sure a lot of you don’t have.

Still I know better than to put all my eggs in one basket and so my diversification consists of dealing with two stocks.

Tip #9: Blue Chip Stocks Are The Go

Blue chip stocks are the complete opposite of penny stocks in that they consist of leading and nationally known companies, ones that have a track record of continuous dividend payments. Because I have great difficulty at setting and sticking to a stop loss exit strategy I now only deal with blue chip companies. That way at least if I’m stuck with them while waiting for the price to rise I’m still making something via the dividends, and some of them pay quite well. So much better than having penny stocks that just sit there giving you nothing in return, which was one of my initial mistakes when entering the stock market for the first time.

Tip #10 Be Aware Of Global Factors

This last point is most important and one that I should have paid more attention to just the other week. :wallbash_tb: One thing you have to remember is that the stock market can be very volatile with dramatic changes happening when you least expect it to. Usually it has nothing at all to do with the company you have invested in which can be as healthy as can be, but as soon as there is some bad news happening somewhere in the world it can cause traders to start selling shares in a wild panic.

This happened just last week because of all the troubles happening over in Greece. The astute trader would have known something was afoot and would have stayed out of the market until the Greek affairs were resolved. Had they done so they would have been able to take advantage of last weeks share crash and picked up some real bargains.

I hope you’ve found this article to be well worth the dollar you spent to reveal it. I truly believe that following these tips will prevent you from making the same mistakes that I did saving you bucket loads of money.

As far as learning how to play the stock market, I’ve put together some resources for you that you may be interested in. Just so you know, if you do decide to buy any of the products below I will receive a small commission.

The Neatest Little Guide To Stock Market Investing seems to be very popular with those who have purchased it.

“Now in its fourth edition, Jason Kelly’s The Neatest Little Guide to Stock Market Investing has established itself as a clear, concise, and highly effective guide for investing in stocks. This comprehensively updated edition contains tried-and-true investment principles to teach investors how to create and refine a profitable investment program. New strategies and content include:

•Basic tips on when to invest and how to reduce the amount of risk in this turbulent market
•A new core portfolio technique that shows readers a way to achieve 3 percent quarterly performance with the IJR exchange-traded fund
•An exclusive interview with legendary Legg Mason investment counselor, Bill Miller, including his thoughts on the financial crash of 2008

Accessible and intelligent, The Neatest Little Guide to Stock Market Investing is what every investor needs to keep pace in the current market.”

How To Find A Big Stocks is written by a bloke who claims to have turned $10,000 into $2,800,000. I’ve included this one because it came with so good reviews and because it’s the Kindle version it sells for under five bucks.

Strategic Stock Trading: Master Personal Finance Using Wallstreetwindow Stock Investing Strategies With Stock Market Technical Analysis is a little more involved but comes highly recommended for the serious stock investor. Here’s a short description of the book.

Many say few know more about stock trading than Michael Swanson, who ran a top ranked hedge fund for four years and has built up a huge audience of readers on his website thanks to the accuracy of his market calls and investment acumen, including making over 50% in 2008 in one of the worst years for the stock market ever. His book Strategic Stock Trading demystifies the stock market by explaining what truly makes the stock market and individual stocks move the way they do and shows you how you can take advantage of it. The book explains the principles required for you to become an elite trader in the stock market, including what and when to buy and sell using the Two Fold Formula, how to manage risk, and how to be able to foresee real changes in the overall trend of the market before the crowd does. There are many investment books that describe aspects of technical and fundamental analysis. This one puts them together and shows you have to really use them in a strategic way backed by real life experiences and examples. It also discusses the psychology of investors in the market and how hedge funds and institutional investors now influence the stock market more than ever before and what the individual investor must do in this type of market to succeed.”

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What you will also need is software to keep track of your investments, even if you’re only paper trading. I personally use the MAUS Stockmarket Plus V11 which will set you back $299. Too bad there is no commission on that link  :down_tb: Buyer be warned though that although it does allow you to update the end of day prices that does incur an extra monthly charge.

I realise that may be a bit high for some people and if that is the case they may prefer to grab an old version of Quicken which has the following features;

  • Quicken Premier 2011 features investment management tools to help track your portfolio performance and maximize your investments
  • Organizes your personal finances and makes portfolio management easier by bringing your accounts together in one place
  • Helps you choose the right investments to reach your goals, and identifies ways to minimize taxes on your investments
  • Shows where you’re spending and helps you see where to save, with more accurate auto-categorization
  • Helps you stay on top of bills and avoid late fees with alerts on upcoming payments

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If you found this post to be helpful I would really appreciate a comment telling me exactly what you liked about it.

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About Peter Pelliccia"