Interview with Timothy Sykes (The Guy Makes $50,000 Monthly From His Blog)
A couple of weeks ago a reader emailed me to ask if I knew anything about a guy named Timothy Sykes, who is supposedly making some killer money with his blog.
By the time, I didn’t, but the email got me curious, so I went to check out what the fuzz was all about. Tim, as he calls himself, is a 26-year-old investor, author, and blogger. He managed to make over $1 million trading stocks, and created his own hedge fund. It closed in 2007 though, and now he is venturing in the World Wide Web.
After checking his website for a while I can say that the guy is clever and very innovative. A good post to get started is Suck On This John Chow, My Blog Made $45,000 Last Month!.
Anyway last week I sent him some questions via email and he answered them. Check it out!
1. How long have you been blogging?
Since October 2007
2. Has it been worth it so far?
Hell yes! Forget about just making more money than most doctors do, it’s incredibly fulfilling to cut through all the regulatory and snake-oil salesman BS that pollute the finance industry. It’s about teaching investors and traders how corrupt the stock market is. And possibly even more important than the teaching is the learning–I’m learning what works, whats readers wants, how the internet is evolving–we’re in the bottom of the 1st inning with the internet, there’s gonna be stuff we can’t even imagine coming out over the next few years and it’s gonna be very exciting. The more you know…
3. You claim to have earned $45,000 from your blog last month, and that your traffic is 3 times smaller than John Chow’s one. How is that possible?
My business model is different, he’s all ad and affiliate-based, while my focus is on creating educational products through my own publishing company, BullShip Prress, LLC, namely my PennyStocking Instructional DVD that makes penny stock trading understandable and TIMalerts, a real-time trading alerts subscription service, both of which I promote endlessly through my blog.
Mind you, I tried Chow’s business model–admittedly only half-heartedly because I have problems promoting all the frauds in finance–but it didn’t work for me…so I adapted.
4. After reading your earnings disclosure I noticed that you listed together your DVD product and the monthly alerts service. Do they generate an equal percentage of the $35,000? If you needed to use only one of those methods, which one would you choose and why?
They’re about equal, but I’ll break them down in the future. At first, I just wanted to teach others how to play the game with the DVD, but I forgot that most people are fat and lazy, so the real-time trading alerts–where the subscribers don’t really care to understand the game–they just want to make $. It’s pathetic, but you gotta give the people what they want.
5. Do you think that bloggers that only focus on making money via advertising are making a mistake?
YES! Advertising has been a major flop so far for me and my partner, Adarsh Dilip–who is the incredibly talented artist behind my bad ass websites–but we’re just in the beginning stages so we’re not worried as there’s literally no competition whatsoever in the brutally honest finance blogging niche.
6. Is it easier to make money trading stocks or working on the Internet?
Trading is definitely easier, but it’s also riskier. As I detail in my book “An American Hedge Fund”, I got away from my core trading strategy so I’m working off a $300,000ish loss, so I didn’t really want to risk my remaining $500,000 net worth.
Also, trading penny stocks truly is a niche so it’s not a very scalable money-making strategy whereas my internet business is, as evidenced by the fact that my monthly earnings have gone from $15,000ish in May and $25,000ish in June to the current $45,000.
Mind you this all happening during Wall Street’s slowest season so I fully expect to be making $100,000/month by early 2009.
7. I see you are experimenting with many new marketing and promotional tactics, like rewarding visitors for comments and other contributions. Has it been working well?
Bribing my readers with little rewards–TIMbucks –has been our biggest flop as it turns out people are tired of these stupid little rewards and prefer honest information so they can make some real money. I’m skeptical of all these sites that offer their users rewards, methinks if they claim to be successful they’re full of crap!
And yes, we do plan on having contributors on our upcoming website for beginners, http://www.PennyStocking.com, because I alone can’t keep up with all the stories that need to be written.
Unfortunately, other than Adarsh, I know nobody’s gonna work as hard as me–think 16-18 hours days–so it’s gonna be tough to find others to give me quality stuff. You know anybody?
8. What is the most common mistake you see bloggers making around the web?
They don’t want to put in the time to make it a success, they’re not willing to drop projects that prove to be failures, they don’t listen to their readers. Again, this is just the beginning of this industry, nobody knows what’s gonna work for each niche, you gotta try everything.
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55 Responses to “Interview with Timothy Sykes (The Guy Makes $50,000 Monthly From His Blog)”
Okay bloggers… read carefully what he said.
He is not focusing on traffic.
what he does is simple. Through his blog he markets/sells a product –> DVD and Books.
Nobody gives money for free. You wanna get paid? Do something meaningful
Very inspiring! Hmmm… when can I make that much online…
mixed feelings about this interview.
congratulate tim for success but wished he would assume voice of a mentor so we could feel comfortable to approach him.
I’ve been trying hub pages lately, any feedback.
Lots of impressions but no clicks yet.
My forex blog on blogger is earning me a few cents on adsense but discovered forex is nt for small capital like me so want to delete blog.
Hubpages exciting but no clicks yet. Strange to see traffic but no clicks.
I dont have a personal credit card so i can only use sites that will send me a cheque or lodge to bank account. Ideas anyone.
I’m sorting out documents to apply for personal credit card but being selfemployed in an informal business it might take time.
Thanx I just sign up,…
this is very very good and interesting interview
no martin, u’re just a spammer, as i’m sure u’ll start writing this one all sites mentioning me…pathetic dude, just learn to trade and u wont be so bitter
Tim is a fraud. He changes blog posts from people to make himself look good to his dwindling subscriber base. Like his supernova stocks, what goes up on a rocket crashes even harder.
Interesting post, not sure how to take it! Not sure I want to!
Personally, I have never liked Timmy since I saw him on Wall Street Warriors. He’s a 26 year old with the maturity of a teenager who happened to get lucky gambling on penny stocks. Any guy who is an adult, runs his own hedge fund, from his own apartment, and has his mom do his laundry, will never get any respect from me.
Now he is just one of those guys that you see on TV info-mercials selling get-rich-quick schemes. Of course his blog is making money; people will always be dumb enough to buy shit if they think they can make millions without working. With that said, I suppose Tim was correct about people being fat and lazy (in America that is; they are surprisingly fit in France).
Really I was searching for such content which will definetely help me by seeing the earners blog. Thanks.
Very interesting. But, i think this guy is not just a blogger, he generate their money from stock trading and his blog is just their marketing strategy to sell product. i like this guy, smart people.
Tim is doing great but I think he needs more confidence. He’s too shy, reserved and unsure of himself.
But seriously, amusing interview and a cool story.
Great interview. I saw another interview to a guy from coolest-gadgets.com where he says he earns $60,000 dlls a month from only that blog with google adsense. Could that be true?
Awesome post and interview transcript. Even though, I am not into trading, but Internet Marketing Uncut, I still find some of what he said very useful. He is to be commended in taking risks at such a young age.
I really like these types of stories and I’m so happy to see that you did one like this – bloggers could but their energy into other niches and use their creativity to build a bigger ’empire’.
8. What is the most common mistake you see bloggers making around the web?
…. to be failures, [[[they donâ€™t listen to their readers]]]. Again, this is just the beginning of….
I have too much names for listing about this quote… But no, I won’t do that here, this is blog of Daniel.
Hey bloggers! If your eyes still work, don’t forget the quote above!
Dexter | Tech At Hand Dot Net
It is really a nice interview and He is write putting only your effort to ads will not make you rich in the internet. Innovation and uniqueness matters.
Thanks for sharing the information regarding the great person who is behind the website timothysykes.com. This interview blog post has been interesting in such a way that this financial blogger is not making money by the usual ad and affiliate networks.
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