Sign up to be an Amazon Affiliate

I took the plunge for the second time and signed up with Amazon to be an affiliate. The idea is to earn commissions for referring people to Amazon to buy books I review on my website.

The process is simple

The process was fairly simple. I like that you do not have to be approved by a third party.

Persistence will pay

I learned to keep trying. I signed up for another website. I did not make any sales. It was my own fault for not putting my store ID code on the first website. Haha. Persistence will pay off though..

My Strategy is simple

My strategy is to review books that are already selling well for well known authors. That is not my only strategy, but it is a big part of it.

Five steps to Being an Amazon Associate

1. Fill out the forms. Put in your website name and your own name. Get your store Id code to put on your website. Use only alphabets and numbers, no hyphens etc.

2. Answer questions about how you advertise.  Offline, social media etc.

3. Answer questions on how and where to send payments.

4. Verify your ID. add your telephone number. You get a call to get your PIN number. Enter your PIN number.

5. Earn.  You have 180 days. If you have no earnings by then your sign up will be discontinued. Do not worry . You can try again with a different website. You can have up to 50 websites.

Amazon is #1

Amazon is the #1 retail website. It is trusted. Becoming an Amazon Associate is a good place to start. Amazon has millions of products to sell.  As you help promote different products, you get commissions for sales.  It is a win win. Focus on the type of products you like and understand. Don’t focus only on the money you will make.

Wealthy Affiliate is #1 High Paying Program

Another program that is high paying is Wealthy Affiliate. It pays over $100 average commission and is very high quality. You should check it out. You will be sorry if you don’t.

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How to Make Money Investing in the Stock Market

Do you want to know how to buy low and sell high when inesting in stocks or mutual funds? I discovered a book by Robert Lichello on how to make money in the stock market and reducing risk by taking emotion out of the process. His book is called “How to Make $1,000,000 in the Stock Market Automatically”.  It is available online for $5.99 on Amazon.

It is natural to want to buy when stocks are going up.  We also tend to sell when they are going down. This is the opposite of what we need to do to make real money in stocks or mutual funds

Mr Lichello lost a lot of money in the 1970’s during the worst recession since the Great Depression. He and many others lost about 50% in a two year period. That is what led him to write this book. There had to be a better way. Well he found it.Back testing showed very good results from Lichello’s method.

In simplest terms you buy more when the price goes down and buy less when the price goes up.  This leads to paying a lower than average price.

Eamples of how it works

Start with portfolio of $10,000 

Start with cash reserves of $10,000

Start with stock price of $10

Stock price goes to $8  the next month. Total value is $8,000. Add 10% which makes $8,800. Take $10,000 – $8,800

=$1,200. Since this is a postive number you need to add $1.200 worth of stock at $8 a share.which is 150 shares.

The next month the stock goes to $13. The stock is worth $13,000.

 Take away 10% or $1300 = $11,700  $10,000 $10,000-$11,700 = -$1700. 

Since this is negative number it is sending a sell signal.  

You need to sell $1700 worth of stock or 131 shares (approximately).

Each buy or sell signal is based on a + or – 5% change in price.

Back-testing results

I read an online article on Robert Lichello’s book with back -testing of stock prices. He used a period from January 2000 tp July 2016. He selected an ETF that is commonly used (SPY) mimics the S & P 500.

He concluded the AIM did a good job of giving good buy and sell signals.  It was not perfect because it missed a sell signal in October 2007.  It was accurate on all other signals.

For details see the article in https://toughnickel.com “Back Testing the Robert Lichello Automatic Investment Managememt  (AIM) System for Timing the Stock Market.”

Please commemt if you would. I love to hear  commemts on these topics. Thanks.

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