Shoemoney System Review & Overview

Wednesday 3rd March, 2010

I’ve retitled the “Shoemoney System Live Chats” to “Webinars”, as this is the name they’re now under in the System Dashboard. All the webinars from now on will be under their respective weeks (Week 1, Week 3, Week 5 etc.)

Once again I expect the webinars to be chock full of information, tips and tricks — especially now that we’re getting further into the guts of the system. Unfortunately for you, Dear Reader, this means that you’ll probably get less and less information each time. Why is that? Well, basically it’s because I’m not gonna be able to say that much without giving too much away. In fact by the end of the 12 months this blog may end up being like those Government documents you see in the movies, where most of the type has been “blacked out” and censored with a thick marking pen. I hope it won’t quite be like that, of course, but this is not a “kiss-and-tell-all expose of the Shoemoney System. You’ll have to go elsewhere for that, I’m afraid!

Perhaps what might happen instead is that there will be less about what the System is about and more of what I’m doing. That’s a definite possibility.

Anyway, on to this week’s webinar. Once again we have Jeanne reading out the questions and Jeremy answering them. The first question is about eBay and arbitrage, which was featured in a couple of the videos from Week 4. The user wanted to know the exact steps that Jeremy used to pick items out. Unfortunately it’s not that simple as each item needs to be looked at and approached individually, which is basically how Jeremy answered. The idea of the system is to not necessarily copy EVERYTHING that Jeremy does with each item, but to do some research and come up with your own list of items to buy and sell for profit.

The next user seemed to have some difficulty with the emails that are sent out every few days or so, not linking up with the videos on offer. I’ve not experienced this particular problem so I can’t comment on this from a first-hand basis, and Jeremy said that it seems to be a problem with that user’s particular account and that the Shoemoney techs would look into it.

There were questions about just how fast the content was going to be rolled out and what affiliate offers were good and what weren’t so good (a lot of that depends on what your site is about, really), more questions on eBay arbitrage and what categories perform best, exactly how CPA campaigns work, and problems with slow shipping times and high costs between distant countries (something that I have issues with as well). Jeremy answered all of these reasonably well, I think.

One user wanted to know about how to make a website from the ground up, and then how to sell affiliate products on it. Jeremy said that that was something that would be looked at “in Week 3″, but I’m pretty sure he meant “in Month 3″ instead (I’ve just noticed that later on he does say “month”).

Some of the questions were repeats of earlier questions, such as the eBay arbitrage thing. That’s not so bad actually as it does give Jeremy a chance to go over the question in more detail — kinda like learning something through repetition. Likewise there were a couple of similar questions about AzoogleAds and how to implement them.

One of the things that became apparent in the webinar is that there are people doing this System from all parts of the world – England, Philippines, Indonesia, Malaysia, Europe etc. While there were many people asking basically the same question about market imbalances, each of them seemed to miss the point and continually talked about playing eBay U.S. off with eBay Canada (as it was demonstrated in the arbitrage video). They didn’t then make the same jump and compare the imbalances between, say eBay Spain and eBay France. In fact Europe would be a huge market to trade between countries — some right next door to each other — but some of the people asking questions didn’t seem to pick up on this fact.

One user asked Jeremy just how to go about streamlining your time and being more efficient, another asked about incorporating a business or business name and how to go about it (there’s a video or two just on this alone), and another asked about what sort of websites needed to be built to make the system work (almost anything really, though some would be easier to monetize than others).

One of the scary things — again with eBay arbitrage — was that one user kept on getting his listings banned by eBay before he was able to sell the product. Jeremy immediately said “Woah!!” and asked that the user contact him and show him one of the listings. I don’t know what the guy was doing wrong but it needed to be looked into quickly.

There were more questions about the affiliate managers from AzoogleAds and how to use them, whether it was a safe option to try dropshipping at this stage of the program and one or two other things.

Jeremy finished off this video by talking about some of the things that they were probably going to try out over the coming weeks and months. These included a forum for users, another survey or two, various competitions (with prizes) etc. Sounds pretty good to me. Bring it on!

Until tomorrow…

1. Ben says:

   March 5, 2010 at 5:22 am

   Hey great stuff! Keep it coming. I wonder where all you earnings are coming from? Is this from ClickBank ads, Azoogle, or Arbitrage? Or a combination of the above? If you are doing that well in Arbitrage then what sort of items are you finding the best luck with? I will understand if you do not want to share

   Ben
2. Admin says:

   March 6, 2010 at 2:57 am

   Primarily Clickbank and eBay arbitrage, with a little bit of Azoogle and Google AdSense. Now I know we haven’t quite got to the AdSense videos yet but it’s just so easy to implement it, so I did.

   Nah, I don’t mind sharing. With the arbitrage I’ve not really gone for big ticket items (such as $800 cameras). Instead I’ve concentrated on accessories for iPods and iPhones. The profits aren’t as high, but they’re steady.