Milliondollar domain forexjamaica.com for sale on jamdeal.com

Posted on February 4, 2008 
Filed Under Forex & Investing Online, Just Make Money Online, Make Money from the Caribbean | 3 Comments

Make Money from the Caribbean. Yes you read the headline correct, someone has posted on jamdeal.com- the ebay of Jamaica, the domain name forexjamaica.com for sale at JA$1,000,000 or US$14,000. With the Forex Fever that’s gripped Jamaica over the past few years and especially last year anything to go by, this should be interesting to see if the seller gets any serious offers. We’ll keep you posted.

And without question, this is another way to make money online - registering desireable domain names based on trends you may see and reselling them, maybe developing the domain name yourself, or as some do, load up that page with links that earn your money via affiliate programmes or google adsense. You see domain names are like prime land, he who got the most desireable piece and at times first, wins.

Check out these alltime top domain name sales US$12million for sex.com, US$7.5m for diamond.com, US$5.5 m for businss.com. Want more proof. Check here.

SPRAWL TEES: Used FACEBOOK for Marketing:SALES went UP 80%

Posted on February 4, 2008 
Filed Under Just Make Money Online, Make Money from the Caribbean, Online Entrepreneurship | Leave a Comment

Making Money from the Caribbean -My cousin who is 25, hip and in the know had been harassing me for months to go on facebook, I was already on myspace and hi5, and had my own blog, so it seemed a bit useless to be on yet another networking site.

One day I decided to try it and have been hooked ever since. It has allowed me to reach a market that I would not normally reach. I am in my late 20s and don’t party as much as I used to, especially now that I have my own business.

With facebook, I have gotten to people in the target demographic ages 15-25, people who are in school, and most who don’t yet drive. I have a delivery service so I take the goods to them rather than they come to me.

WHAT I DID:

  1. For the summer, I had a summer special, dropping the price of the t-shirts from JA$1500/US$21 to JA$1000/US$14.
  2. Created a facebook group
  3. Joined a lot of groups, now 173 to get involved, observe, and interact.
  4. Then I invited who I thought might be interested in my product, mostly males in the 15-24 age group. Primarily U.W.I, Utech and high school students, male. They would then contact me either by phone or email if they wanted to purchase my t-shirts.
  5. As a part of my strategy for my brand, we have a thing called Sprawl love, where people take photos of themselves in their sprawl shirts and send them to me.
  6. I also used the market place function temporarily for my summer special but I wouldn’t say it increased sales.

My stuff isn’t in any stores for many reasons (a) I didn’t get a welcome response from store owners and (b) I didn’t like alot of the retail methods - my brand is unique in that it speaks to a specific audience: young people and facebook as well as the Internet is filled with that age group. Many of my target market don’t go out, they are either too young or don’t drive so getting around is difficult. They are also enthralled by the idea that is sort of collectors item, not something mass produced that can be found in every t-shirt store in Kingston.

I do most of my marketing online because it is easier , I also work a 9-5 and don’t have the time to go out and promote my product, as I am also a single mother so when I get home its all about my family. My sales as a result of facebook have gone up 80%. Marketing on facebook has also opened up another market for me - Jamaicans that live in the US.

I recently launched my online store and am trying to continue to keep the brand very exclusive and not in any major stores.

Four Reasons Why the Entertainment Niche is Great for Making Money

Posted on February 4, 2008 
Filed Under Blogging for Dollars, Just Make Money Online | Leave a Comment

Just Make Money Online.
Entertainment websites (e.g. music, movies and celebrities) are created to captivate, amuse and gratify. They appeal to emotional interests. You don’t visit a celebrity gossip blog to improve your life, you go there to laugh at something funny, to see something that kindles your desires.
Entertainment sites are inherently easier to monetize and are excellent ways of earning some extra cash. Here are four key reasons why they are low-maintenance and yet high-profit, making them an ideal way to make money.
1. Unilateral Content Structure and One-Way Dialog
2. No Need to Solve Problems, No Need to Provide Specialized Knowledge
3. Non-Savvy Audiences Are Great for Conversions
4. Exceptional Traffic Potential + Ease of Monetization
Details here

Make Money selling Reggae Music Online

Posted on February 1, 2008 
Filed Under Affiliate Marketing, Just Make Money Online, Make Money from the Caribbean | 4 Comments

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Affiliate Marketing - VP Records, dubbed the world’s leading reggae record company,has launched planetreggae.com, an online music store selling MP3s, music videos and ringtones. Along with it an affiliate programme, which allows anyone to set up, a co-branded planetreggae.com store and make 10% on each item sale.

What’s on sale

The online music store will have VP Records digital reggae music catalogue including music from Channel One, Joe Gibbs, Penthouse Productions, Techniques, Dynamic Recordings and King Jammy to name a few. It sells single track for US$.99,full album downloads for US$9.99 and videos for US$1.99, ring tone prices though yet not finalized are likely to be sold for US$1.99.

Getting Paid

Additionally, the planetreggae online music store will accept Paypal and all major credit card and debit cards (Visa and Mastercard). If you sign on as an affiliate, you will receive monthly statements but will be paid your money quarterly to coincide with artist royalty payments.

VP Records, headed Chris Chin and Randy Chin, was in the news this week when the company made an offer to buy Greensleeves Records & Publishing from Zest Group plc, subject to the approval of Zest’s shareholders. If the sale is approved, then VP Records will inherit a catalogue comprising some of the most notable albums of the genre, from Elephant Man to Yellowman and hit songs recorded by such acts as Rihanna, Sean Paul and Shaggy. Greensleeves is said to have a comprehensive reggae back catalogue of 400 albums and 900 singles, dating from the 1980s.

Minvestment.com another hot HYIP people are talking about

Posted on January 30, 2008 
Filed Under Forex & Investing Online | 1 Comment

Online Investing-Minvestment.com is another forex trading, online investment company headquartered in the British Virgin Islands. It’s what is classified as a High Yield Investment Program(HYIP). They offer 1.4% - 1.9% daily interest on your money, using the progressive compounding method. Your initial investment is locked in for 150 business days or 7 months, then you can take your principal and interest out and skip along merrily to the bank.

Here is how it works.
You go to minvestment.com and open an account, while there you’ll be asked for an egold.com ebullion.com account number. I chose e-bullion.com. Signing up at e-bullion.com, the sister site, is the way you are going to send your initial investment your minvestment.com account. Once you’ve got your account number, go back to minvestment.com and type it in to complete your account registration. You will get emails with confirmations and instructions from both minvestment.com and e-bullion.com. Read and follow them. Make sure you select progressive compounding as your investment option when signing up at minvestment.com.
How much you will you make?
Check out their compound calculcator on minvestment.com. It will show you how much your initial investment will yield you after the 15o day lock in period.
Example 1 . Initial Account Principal: $100.00, Final Account Principal: $11,605.09
Example 2: Initial Account Principal: $500.00,Final Account Principal: $77,982.51

And no you didn’t read those figures wrong. I heard about this one over the Christmas holidays and it already has tongues wagging and people signing up. I’ve always said to myself and others, only invest what you are prepared to lose. I invested US$400. And with Jamaican’s love afffair with all things forex trading and high yieding, this one is bound to grab their attention in droves once again, as their appetite for risk has certainly increased. So let’s see what happens in a couple of months.

One person, One website, US$10 million per year?

Posted on January 30, 2008 
Filed Under Online Entrepreneurship | Leave a Comment

by David Mullings

Case Study: Plentfyoffish.com
I recently came across an article in the New York Times that truly amazed me. It was the story about a 29 year-old in Canada that defied all conventional wisdom by running a multi-million dollar company with only one full-time employee and some basic help from a second person, his girlfriend!He is Marcus Frind, the man behind the very popular dating website Plentyoffish.com, and he is making as much as US$10 million per year.

Google has substantiated his claim about a check covering a 2-month period that was almost US$1 million and his traffic has been independently verified. The most amazing part about the story is that the site isn’t exactly what one would expect it to look like, especially with that kind of revenue.He has kept it unbelievably simple, far simpler than most people would want for their own sites, but it obviously is accomplishing the job.

He also doesn’t charge the users - generating ALL the revenue from advertising only. Most people would have added staff, moved into a nice office and done all the ‘usual’ things companies do when they start growing revenues. Marcus proves that you don’t HAVE to follow the same template to be successful and profitable.

All web entrepreneurs can learn from this case study and instead of regurgitating the whole story, here is an excellent article to read: From 10 Hours a Week, $10 Million a Year - New York TimesPlentyOffFish Owner Has the Perfect Bait

Make money in Forex trading, guaranteed

Posted on January 30, 2008 
Filed Under Forex & Investing Online | 5 Comments

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by David Mullings
Mark Twain famously said that when everyone was digging for gold, you should sell shovels and Levi Strauss is the perfect example of someone who became wealthy from selling to the gold diggers rather than joining them.

Forex trading has taken Jamaica by storm in the last 2 years and one company has been taking Twain’s advice to heart.Many people immediately think of Olint but it really is MTI, Market Traders Institute, based on Lake Mary, Florida (near Orlando) that has brought Forex trading to people. I first heard about MTI when a friend of mine, Dominic Azan, told me he was working for the same guy who trained David Smith and they were going to open an office in Jamaica to offer training to people who wanted to learn.

He is a Sales Manager for MTI in Jamaica and the Gleaner quoted him earlier this year as saying that over 1500 people have taken courses (up to August 2007). These courses cost US$2,750 so you can do the math. That is the first way to make money for sure - sell training courses.
Read more

Jamaica’s alternative Investment Schemes would be illegal in the USA

Posted on January 30, 2008 
Filed Under Forex & Investing Online | Leave a Comment

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by David Mullings

I attended a Jamaica Investment Symposium yesterday in South Florida and one panel included George Roper, Deputy Director of the Financial Services Commission (FSC) and Antoinette McKain, CEO of the Jamaica Deposit Insurance Company (JDIC).

The audience wasted no time during the Q&A segment to ask the questions many want answers to. The first question was roughly:”I don’t like the word ’schemes’ to describe these, I call them ‘opportunities’. Are these ‘opportunities’ operating illegally and if so, then shut them down, if not, leave them alone.” The answer was very clear - The FSC pointed out that it describes Credit Unions as “collective investment schemes”, there is no negative connotation with the word “scheme” when they describe any financial company.
Read more

David Smith’s Olint partners with iTradeFX in a US$100 giveaway to Jamaicans

Posted on January 30, 2008 
Filed Under Forex & Investing Online, Make Money from the Caribbean | 4 Comments

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Forex Trading-David Smith, the Fx Chief of Jamaica, founder of OLINT the premier foreign exchange trading investment club has lent his name to iTrade online forex trading platform with a giveaway.

The fullpage, full colour newspaper advertisement and the website says: David Smith is adding US$100 of his own money to Live Forex Trading Accounts for Jamaican Residents who open with iTradeFX between November 15th and December 31st, 2007 at gotradejamaica.com. Of course MTI Traders is all over this, they have been the dominant forex trading educator brand in Jamaica. They have from day one marketed themselves as the company that taught David Smith what he knows. So this giveaway should not be surprising.

Purely, what a powerful affiliate marketing programme! Whoever thought this up, is very in tuned with the psyche of the Jamaican people has a great timing. The question that’s been hounding me though is this, are Jamaicans really interested in learning to trade forex themselves or do they simply want to understand how it works, so as to legitimise, fortify their decision to become investors in forex trading investment clubs. But information coming to me is that MTI Traders, the leading forex trading training firm here in Jamaica has trained 2,200 people since they opened for business 2 years ago.Sounds like they have a great business going.

Forex Fever rocks Jamaica

Posted on January 30, 2008 
Filed Under Forex & Investing Online | 2 Comments

Forex Trading-We’ve written three posts on online forex trading in Jamaica and the Caribbean and by far they represent three of the most read articles. As a result of that we’ve been send a lot of information on fxtrader personalities,investment clubs self taught traders and trading platform companies positioning themselves for the Jamaican market.

What we heard of recently. There is f1investments which is a group of Jamaican pilots some based locally and others in Dubai, they put in their own cash as well as accept members and submit the money to Olint to trade on their behalf. I know someone who’s been with them for 4 months and they’ve been averaging a monthly return of 9%.

Then there is DeArgent (spelling dubious) which was around just after Olint started making the headlines. They are traders and also submit monies to Olint. Their investment rules are that a member is to keep their money invested for a minimum of 6 months, you can start with a US$1,000 minimum and their guaranteed monthly return is 5%. Then there is WorldWise, which you can start with as little as US$600 and the promise a monthly guaranteed return of 12% per month. And there are other individuals who are simply creating sub accounts under their name and take a percentage of the money earned on the account. Again easy money.

Most recently there is minvestment.com which has polarised many worldwide with the reports that they are a scam and others who claim they are being paid and have been paid. With minvestment.com you can place US$100 for 150 business days and come out at the end with US$11,000.

To Join or to Trade.
One would think that with the increased choices of forex trading investment clubs, Jamaicans wouldn’t be bothered to learn to trade for themselves. Not so. FX training company Market Traders Institute (MTI) - established by Jared Martinez who trained the man who is easily Jamaica’s most famous trader, David Smith of Olint - report having trained over 2,200 persons since they opened an office here 18 months ago.

To further fuel the forex fever, Martinez and Smith launched GoTradeJamaica.com with a compelling offer, pledging to add US$100 of their own money for each person who signs up to start trading with their own US$300.

Great link: Dennis Chung on the Business of Forex

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