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5 Ways you can lose your money quickly

Never play with money. This is what I learn today. Though I suffered losses upto $75 but still I regret. I would have easily bought my favourite hoodie for the same price if I never tried this one.

Forex! Yes where everyone try their luck. I tried it too. But my greed made me try it again and again, until the losses incurred were $75. And now I have got nothing but to repent. Anyways leaving it moving ahead as I consider “money is dirt” so I will not cry for it however.

Forex

On top of my list is forex because I lost my money in it. There are many people like me who don’t have any experience in trading and dream to make a living on forex. I strictly warn you, never try this if you have no experience. You may profit some dollars but most of the time this leads to losses. Moreover there are many brokers who are scammers, infact there are many scammers than the honest brokers in the market, so be warned. Hence I wont recommend forex to anyone.

Lesson learned: If you have no experience, don’t try it.

Stocks / Mutual Funds

Well there is some chance of profit in stocks but still if you are the one like me who never sees or hears world news then this is a waste too. And then since stocks is much similar to forex. You never know which company will rise and which will fall. So stock comes on number 2 on my list. The scam in term of stock is less compared to forex however, you need a good investment to risk up in the stock market.

Lesson Learned: If you have no experience, don’t try it.

Entrepreneurship

This is the latest trend these days. Everyone likes to be a successful entreprenuer. Its a good thing to be an entreprenuer in things that you are experienced in. Or else you can only see heavy losses on your side. A good example is wpdesigner.  I dont even want to give a backlink to it too. Wpdesigner was a blog related to wordpress resources. The blog was sold for $65,000 by Small Potato (the guy who ran that blog)  due to some financial problems. And now the home page of the same blog is a web hosting affiliate landing page. The guy aka the new owner (so called entrepreneur) ruined both his money and the blog.

Lesson learned: Save your money and dont spend on useless investments

Vanity at Work

Since I am a freelancer I would give you another example of mine. A month ago I was almost completely without any work. That was not because ther was 0 work for outsourcing. It was because the employers were paying less due to recession. I know I am good at what I do and when I provide quality in my work I expect the same in payment. But friends when a time is called as recession, try to do the work even if you get some less amount then the usual. For over a month I was work less and now even after building some reputation I do the same work that I used to at 70% cheaper rate.  Atleast something is better that nothing. So never show vanity at your work.

Lesson learned: Pride at work = 0 additional income

Improper Research and Hurry

This is more to deal with our daily lives than the business. We tend to buy any thing that looks good without any research. If not you, teven this happens to me most of the time. I buy thing online, and the very next moment I find the same thing at a cheaper rate on the next website. Another thing, this is most related to gadgets and such items, it is advisable to wait and buy a product rather than buying it new. Most of the things in the market are costly when launched but you see a stead decline in ts price in the very next month. So if the thing is not very required then why not wait for 2-3 months and take it at a better price ?

Lesson learned: Do a good research before buying costly and new things.

10 Killer Reasons Why Your Blogs don’t Make Good Money (+2 more)

You have a good amount of traffic on your blog. But the monetization thing doesn’t seems to work. Your blog’s Click Through Rare is less than 0.10% or you don’t have leads. Most of the bloggers want to earn atleast a small part of their living from their blogs. If your blog is the one among those which generate very little revenue, you one or more of the following may be a reason

• Money is in your eyes – You don’t blog to share knowledge or create an identity, rather your primary reason for blogging is to earn money. If this is what running in your mind trust me you won’t be earning any good money
• Your traffic is social media - You have 80% of the traffic that is from social media websites like StumbleUpon and Digg. I say you StumbleUpon traffic is the worst. The only thing it helps is in lowering your Alexa Rank. Traffic from Google, Yahoo and Del.icio.us tends to work well.
• Your bounce rate is high - Your blog has a bounce rate that is over 75%. This is mostly due to social media traffic. I say you again, traffic from social media websites is useless until they don’t stay on your blog.
• Quality of Articles – The quality of articles that you write on your blog are not effective enough to keep people on your blog. This can be either language related errors or simple the article is not good enough
• You blog once in a while - You rarely write posts on your blog. I have noticed a serious decline in subscribers if you I dont blog frequently. I recommend one to write atleast 3 posts in a week excluding posts related to link roundups.
• Paid Reviews – Seriously no one likes to read useless paid reviews on your blog. This is a grave mistake that bloggers do. Paid reviews are good when you blog is popular enough to get you paid much. Then people won’t mind reading a paid review.



• RSS Subscribers is NOT the key - Your traffic is mostly RSS Subscriber that read your blog in RSS Feeds. RSS Feeds are good but to have a good CTR you need to get your RSS Subscribers back to your blog for reading. Writiting striking titles and showing only half of the posts excerpts may work or may ahve negative aspects too.
• Unfit Design – your blog doesn’t look appealing makeing most of the visitors run away. Choose a theme that supports your niche and has decorous white space. Some people (like me) dont like blogs cluttered with content.
• Monetize it wisely - Study your traffic and Choose wisely how you should monetize your blog. Should it be CPA or CPC or simple monthly rented banners. Keep experimenting until you find the best way to moonetize.
• Over Monetization – Whoa! You don’t have ads between content, rahter you have content in between ads. Remove some ads, clean your website and add some content. People  visit blogs to read content, nor to look at atds.
• Geeky Traffic – Blogs targeting visitors like webmasters and techies get low clicks. This is mainly because webmasters are ads blinded and techies use extenstions that block ads.
• You don’t sell juice - Almost every blogger sells juice to generate a decent revenue. I hope you understand what juice is.  If you don’t then you are losing almost 25% of your website’s revenue.

Pay some bills with Twitter

With no such signs yet of twitter monetizing it website, a lot of 3rd party services now offer you to earn some quick revenue using twitter. This works best either for all those twitter demons who spend most of the time on twitter or for those who have a huge list of followers.

Basically the more followers you have the more traffic you generate and the more you earn. Since we all know how good twitter is in getting some quick traffic, let us see how you can actually earn using twitter.

Twtad is a service that pays you per click on visitors that click your tweets. You get paid based on how much the advertiser want you to pay, which can be anything from $0.02 to anything big. The maximum I have got so far is $0.08 per click. The only requirement is that you need to have atleast 25+ followers.

The best part is that it is a complete PPC program, so the more visitors click your ads, the more clicks you get the more bucks you earn. I recommend every one to try this one, they have already reached 3million users. So don’t wait and click here to create an account and get started right away.

Adsense Kontera Or Adbrite ? Which one to choose ?

Well a lot of bloggers or website owners want to make the most out of a website. Advertisements are the best form of revenue from a website.

As you can see I have been running Adsense as well as Kontera on my blog to monetize it. Well actually I added Kontera on my blog when I read on some blog (don’t remember or would have linked it here) that Kontera’s EPC is quite better than that of Adsense.

For those who don’t knoEPC is the Estimate Cost Per Click that we get in revenue when an ad on your website is clicked

Also many blogs claim Adbrite paying more EPC to its publishers compared to Adsense. And quence my thirst to find this out I used Kontera, Adsense and Adbrite on one of my website..

And for me I was surprised to see Google Adsense is still ahead of the other two in terms of EPC

Check out the stats below

Network	Impressions	Clicks	CTR	Earnings	Estimate ECP
Kontera	14233	92	0.65%	$4.48	0.04
Adsense	65079	252	0.39%	$57.33	0.22
Adbrite	37843	25	0.07%	$2.38	0.09

The website used to test this was from technology niche. So as you can see that Adsense still performs best for me at 0.22$ per click… So in my opinion Adsense is the best ad network with the highest ECP.

If you have any argument about this plase do write a comment here..

Got Nothing to do? Why not Earn some Money with your Daily Activities ?

This is my first post on making money online. So we wont do any complex discussions rather than I will show you 2 easy and good ways to make some money that you might be already doing. So without wasting your time, I’ll go ahead and show you how you can earn some money with your daily activities… (more…)