A new way of Making Money Online

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Old May 21, 2005, 11:44pm   #1
Joined Mar 2004
A new way of Making Money Online

Whilst trading during the daytime, I get a lot of spare time and so I occupy myself by searching for other ways to make money.
I've always been looking for new ways of making money online.
It's what I like to do.

Ideally, I'd like to have a business running online in an automated fashion.

Although my "Mechanical Discretion" ebook sales bring in some money, it's not what I'm after.

I don't want to make money off ebook sales - that's extra money on the side.

Anyway, in my searches (sometimes till 3am in the morning), I recently came across one online business which seemed too good to be true at the time.

So I did a search on the internet and found hundreds of testimonials from people making money with this business.

The capital required is just $10 and you're in business.

It's fairly long winded and I've written a piece on it already.
Instead of me explaining everything here,
go and read my piece about this particular online business by clicking here.

Let me know what you think,

JH
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Old May 22, 2005, 12:28am   #2
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I'm getting 'Page cannot be displayed'.
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Old May 22, 2005, 12:44am   #3
 
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It's a ***** chain letter, unless I'm bery much mistaken - you pay $10 a week for umpty ump, after n months you then get all sorts of compound nonsense... as usual the promise is money for nothing, the reality is going to be nothing for money (unless you are one of the ones to get in early).

I'd be quite surprised to find this is legal, to be honest.
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Old May 22, 2005, 12:51am   #4
 
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I fear you're perilously close to contravening our Site Guidelines with your linked affiliate "review", JetHeat. I'll let this one go in light of your past contributions to the site, but would politely warn you not to repeat it. Thanks.
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Old May 22, 2005, 2:41am   #5
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Jetheat started this thread
Quote:
Originally Posted by frugi
I fear you're perilously close to contravening our Site Guidelines with your linked affiliate "review", JetHeat. I'll let this one go in light of your past contributions to the site, but would politely warn you not to repeat it. Thanks.
Sorry frugi, I didn't know that this was not allowed. I thought I could place any classified here.
Can you please guide me as to what I can place in the classified section?

mutantcar, maybe it's your firewall. I can open the page from my end ok.

DaveJB, That's exactly what it's not. I suppose you just skimmed the page I wrote coz I explained there that it was not pyramiding or chain letters or any of that rubbish.
It's not even Network Marketing and you don't have to recruit anyone.
Please try reading the whole thing plus the 2 links I gave.

JH
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Old May 22, 2005, 3:40am   #6
 
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No need to apologise, Jetheat, as the rules of our fora are not always perfectly clear, I grant you.

The Classifieds forum is provided as a free facility for members who wish to sell items they possess on a one-off basis, such as a book, set of CDs, pair of trousers etc. that they no longer have use for. However it is not there to provide them with an easy means of advertising a product that they wish to sell to more than one buyer. There is a personal/business divide, if you like. In your post you provided a link to your e-book (which presumably can be distributed to anyone who wishes to buy it) and also a positive review of an, imho, rather dubious service that, crucially, contained a plea to anyone that chose to buy it to mention your name; presumably you profit in some way from anyone who does this (?). While an impartial review of any product, system or service is welcomed, one that allows the 'reviewer' to profit from it is not, even if their motives are entirely honest.

I hope I have made the distinction sufficiently clear. If not feel free to PM me. (It is late and my clarity may not be up to the usual standard )
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Old May 22, 2005, 3:47am   #7
Joined Mar 2004
Jetheat started this thread You're quite right when you say that I profit from it.
It is one of the reasons I wrote the piece. However, I genuinely believe that the product can benefit everyone else also. I just hate recommending stuff to people which just don't work in the long run.
So I did my due diligence with the company involved and talked to a lot of people and I came to the conclusion that this was real.
I even committed my own money to it.

Anyway, I do apologise for breaking the rules here. Won't happen again. Feel free to lock or close this thread if you wish to do so.

Thanks

JH
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Old May 22, 2005, 1:55pm   #8
 
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Hi,
I did read the links actually.
It still reads, to me, as a disguised chain letter arrangement.
Dave
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Old May 22, 2005, 2:31pm   #9
Joined Mar 2004
Jetheat started this thread Sorry Dave,
it's definitely not a chanin letter thing.

It's a company who pays you massive amounts of money for reading their adverts for 30 mins every week.
Big companies such as Dell etc... pay this company and this company uses that money to pay you.

Nothing about chain letters.

JH
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Old May 22, 2005, 3:04pm   #10
 
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So why do they need your $10?
Do you REALLY think Dell etc are paying this company enought money to provide $540 for each subscriber, repeatedly, ad infinitum? Doesn't the fact that this requires an exponentially increasing amount of income to the company ring any alarm bells? Where is all that money going to come from - it won't take long to equal the US debt...

However, I've truly no desire to get into an argument over this - you will probably consider me a pig headed cynic, whilst I don't think it's possible to do what they describe even if they photocopy banknotes, so I'll wish you the best with it.... for what it's worth even if I am correct, provided you got in early enough you should profit from it and I've no desire to see you lose money.

Have a nice weekend...
Dave
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Old May 22, 2005, 3:18pm   #11
Joined Mar 2004
Jetheat started this thread I have looked into this and researched it quite a bit before commiting my money.
It's not as simple as you suggest.
The company brings in money from many different sources and it uses these sources to pay its members.
People are getting paid every day. You just need to hear from them at the forums.

Thanks for your input, I fully intend to make money from this over and over again.

JH
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Old May 22, 2005, 11:52pm   #12
 
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Cheers,
good luck with it, time I was off to bed <g>

Dave
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Old May 23, 2005, 4:53pm   #13
 
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An interesting advertising business idea, Jetheat, and like Dave I wondered about the long term potential. The claimed recyle time at the moment is around 79 days but that is not a guaranteed pay day. The way to have a steady stream of income throughout the year would be by reinvesting any payouts by buying more large EPCs for different months.

I can see that those with "disposeable money "could quickly get up to a decent level of residual income by buying lots of EPCs, whereas it'd take much longer for poorer people. Presumably if one had a product or service to advertise (and thus another stream of income) then YMMSS would be beneficial for that, but how does it work for someone who doesn't have anything to sell?

After reading the website material, I am still a little hazy what one actually does to earn this money. By reading adverts.....but how do they know you've read the adverts? And by buying more EPCs, does that mean you have more and more adverts to read?

Due to the cost of EPCs being in dollars, it'd make sense to keep an eye on the GBP/USD level as to the best time to buy them, but of course, when they pay out one is subject to the current rate. Maybe one could hedge the FOREX to prevent exchange losses?

I had never heard of this YMMSS before, so thanks for bringing it to this forum. I hope you update here how it's going for you.
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Old May 23, 2005, 5:48pm   #14
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Jetheat started this thread Hello Bluewave,

It seems you have misunderstood a part of it so I'll try and clarify.
I only started a few days ago so I'm not too clever about the whole thing either so I'll explain what I can.

Based on a 90 day cycle,
If you started with $10, it would take you about 18 months (6 cycles) to obtain $320 in your hand.
If you started with $20, it would take you about 15 months (5 cycles) to obtain $320 in your hand.
If you started with $40, it would take you about 12 months (4 cycles) to obtain $320 in your hand.
If you started with $80, it would take you about 9 months (3 cycles) to obtain $320 in your hand.

If you started with $160, it would take you about 6 months (2 cycles) to obtain $320 in your hand.
If you started with $320, it would take you about 3 months (1 cycle) to obtain $320 in your hand.

When your cycle completes and you are due to be paid, you actually receive $640 but they pay you half ($320) and they reinvest for you with the other half ($320). When they reinvest $320 again, it will only take 1 cycle to double your money and again you will get $640/2 and they will reinvest the other half. So you keep getting $320 every cycle.

Now here's the clever part. Instead of taking half the money out ($320), you just reinvest that too. Now, next cycle, that would double and you reinvest that too and then that would double and so on until you really need some money in your hand.

So for someone who doesn't have too much money to start with, they could invest say $10 every week or month and eventually after 6 cycles on each investment, they will all turn into $640 which they could keep reinvesting to make a compunding residual income.

Starting off with $10 can make a super residual income but it will take much longer compared to investing say $320 where it will double within 1 cycle.

I suppose advertising a couple of ebooks on ebay may give an income of at least $10 a week. That can be used to purchase 1 EPC every week. A 1 pip gain in FX could also buy 1 EPC.

As a member of YMMSS, you are committed to read the adverts once every week for at least 30 minutes. They have systems in place to show that you have logged on and read or stayed on the ad board for a length of time.

By buying more EPCs, it doesn't mean you have to read more adverts. That remains at 30 minutes a week. But when you buy an EPC, you have the right to advertise yourself, in the same forum.
You can advertise anything you want. Could be those ebooks you were selling on ebay or just anything you can think off. Sell your neighbours lawnmower if you can

Buying EPCs when the dollar in a favourable position may seem like a good idea but there may be a rush for EPCs at that time which could possible make the cycle times go up.

This is the reason I got in now so that when the cycle times start going down, I'll already be in it.

Does this make sense?
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Old May 23, 2005, 7:17pm   #15
 
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Great, thanks for the clarification!

Oh, and I'd rather try to sell my neighbours noisy dog

Do you think they'll be a £ sterling version of this?
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