Daily Profit System - Does It

Really Work? An Honest Review

This review looks at what the DailyProfiting system consists of and how it delivers on its claims. Details of the chapter and section contents are included as is reference to other internet marketing systems.

What Is The Daily Profiting System?

DailyProfiting (or DP for the rest of this review) is advertised as a “step by step guide to daily profits”, written by Greg Schmidt. Greg’s pitch is that he stopped doing what the gurus had been telling him to do because he wasn’t getting anywhere with his internet marketing business. His DP system focuses on just 2 major channels for internet marketing – articles and pay per clicks. And yes, you can use many of his tools and concepts with Web 2.0 sites like Squidoo. The difference with his system, as he claims, is that he provides exact details on how to apply both approaches. By applying his clearly described system, he claims that you can begin to generate cash, may be a lot of cash. The underlying strategy with both these channels though is to repeat these techniques – often.

Is it a ‘get rich quick & easy’ scheme? No! You have to work at it, and continue to work at it. And depending upon how much you are able to invest in your internet marketing business, and which channels or methods you use, you can potentially lose some money on this. Get it right though and you can change your life. Greg’s Daily Profiting system provides an effective way to reduce the risk of failure and increase the probability of success with your internet marketing business.

I have bought and applied his DP system. It has worked for me, and has lots to commend it. I am making a steadily growing income from applying the steps he lays out. It also has a few minor kinks, and so this review is intended to help you make an informed decision that leads to your success, whether you buy it now, in the future, or never.

There is also an affiliate programme which pays out 75% (nice!).

The Sales Pitch

Like virtually every other online business, his web site is basically a typical sales page, following a fairly standard structure. It works (well, it worked on me!), is nicely laid out – pleasing on the eye, and provides a reasonable insight in to the DP system as well as indications of the kind of money Greg is achieving with his system. It is more informative than many other sales pages I have seen. If you sign up to be an affiliate (which you can from Greg’s web site, all handled via ClickBank) then this is the same page that your customers will experience.

What You Get

You get a zip file which contains the 26 page Daily Profiting manual in Adobe Acrobat format, a template for what are called 'landing pages', in several formats (Word document and html), plus a collection of nearly 30 header graphics which you can use at the head of your landing pages. These come in both jpg and Photoshop formats. The idea with these is that you edit them so they become your banner graphic on your own landing pages.

The graphics files are very usable and of good quality. The landing page templates are useful for new comers and those with limited resources. In time, as your business grows, you will want to have more appropriate headers of your own created, just like Greg did with his site – I’ve seen his site go through several makeovers. While you might have to pay elsewhere for these templates and graphics, they are probably not worth the claimed $137 total, but they definitely add to the overall value for money of Daily Profiting.

Style

Some people may say that 26 pages is very short, perhaps too short, for a manual that claims to show you exactly how to make money with an online business. Unlike some manuals Greg has laid his out using single-spaced text. So there is not a lot of white space on his pages. His manual is not an example of a professionally typeset and designed manual, and he doesn’t claim it is. Consequently there is more text on each page than on many other manuals. Also, the way Greg writes is quite direct – short sentences, simple structures, and to the point. Which means less text is needed. It also makes the manual more readable, even though it is also not a great example of perfect grammar and punctuation. Again, Greg makes no claims on this either.

The pages are numbered, and a page of definitions of terms is also given – a nice touch that I wish more manuals would do – invaluable for new comers to the business of internet marketing. The manual is only really let down by a lack of a contents page at the beginning. I for one like to have contents pages so I can more easily dip in and out of a manual or book, and this DailyProfiting manual is ideal for dipping in and out of, once you’ve read it from cover to cover as a first reading.

Bottom line? The manual is easy to read and access. Why have 126 pages when 26 pages will do? If you are like me and a very busy person with many activities on the go at once, you will be glad there are only 26 pages to read through! It's just a pity there’s no contents page or index at the back.

Content

What does the Daily Profiting manual actually cover? I already mentioned that it looks in detail at two main channels to internet marketing – using pay per clicks (or PPC) and promoting products through articles. Greg also touches briefly and usefully on lists and autoresponders at the end of the manual.

PPC is a form of advertising. You may notice for example when you use Google that adverts appear on the right hand side, even at the top, of your results page. These advertisers are charged a few cents everytime somebody clicks through on their advert. The more these advertisers bid or offer to pay Google for the ad, the greater the chance their advert will be featured on the pages of somebody’s search results. The advertisers link their adverts to the keywords that Google users include in their searches.

PPC is a valid and legitimate way of doing internet marketing. It costs money as you are paying each time somebody clicks through your advert to your web site, so you need to have a web site that is more likely to convert the visitor in to a paying customer.

What Greg does is to focus in on what you need to do to implement PPC yourself. He describes the process, how you need to identify keywords to link your adverts to searches people will enter in to Google. He describes how to use Google’s own adwords research tool to help you, and he also describes his own approach to using this tool. So you get a first hand account of how to use this system. He explains why he sets his PPC bid levels and budget at specific levels, and what those levels are. He describes how to write the ad copy – the words that will appear on Google search pages. This is one area of Greg’s manual that is a little thin – it could do with more detail on how to write ad copy. Having said that, this is a huge subject in its own right and you can buy manuals that cover just this subject, and do it well. I look at some of these approaches in some of my other reviews on my review web site.

At this stage of this review you may be thinking “this is all well and good, but what about the products to promote and sell with PPC?” Well, Greg spends a reasonable amount of space on this topic, even before talking about PPC and promoting via articles. He talks about this aspect first because any successful business can only be successful if it sells stuff that people want to buy.

Greg clearly states that his approach to finding products to promote is focused on being an affiliate marketer and using the ClickBank web site to handle the details. Click Bank, if you don’t already know, is a market place for thousands of electronic products, geared towards supporting affiliate marketing. It handles the process of taking money from buyers and paying it on to affiliates on a percentage basis, and on to the publisher or merchant who created the electronic item for sale in the first place. It is free to be an affiliate with it.

Greg describes how the ClickBank (or CB) market place works, and how to understand the ranking information that CB assigns to each of the 1000s of products listed on CB. He also describes exactly how the commission system works so you can work out for yourself how much you can make from each sale.

A useful thing for me as a newcomer to CB was in understanding the CB ranking system and using this to identify products to promote myself which have a high popularity rating – i.e. people are buying them in relatively large numbers, and yet also have a low refund level. You don’t want to be pushing products that result in lots of ‘chargebacks’ – it hammers your profit margins.

Greg is also very clear about the criteria he uses to select products. The interesting and critical point Greg makes is to focus on stuff that people want, even if you yourself have little interest in it. What really inspires and motivates you may not inspire and motivate anybody else on the planet enough to want to buy something relating to it. He also says that there’s nothing wrong in following your passion, just accept you may not make much, or any, money out of it through affiliate marketing.

What helps is that Greg refers to actual screen shots from CB market listings, so you can translate his instructions straight on to the screen as you would see it on your web browser. In fact you can have his manual at your side and use it ‘live’ as you follow each instruction and implement it for real on your computer. Neat!

Greg continues by talking about landing pages – what they are, why they are needed, and how to create one yourself. On this last aspect he goes in to very detailed instructions, referring to the templates and graphics files that he supplies with the manual. So you not only get the instructions on how to create landing pages, but also the raw materials needed to create your own.

Equally clear are Greg’s instructions on how to get your landing page on line – exact instructions on how to purchase a domain, register it and get web hosting, all for under $5 total, and then how to upload your landing page to your new web site. So you can have your own landing page and website live in under a couple of hours.

Having created your landing page (again, not enough information for my liking on how to write great copy…) you then use this as the basis for writing your ad copy for your PPC campaign. So we are now at the point where I started my description of what is in Greg’s Daily Profiting manual.

Greg makes it clear that PPC campaigns can lose money, as there is a fair bit of luck as well as skill involved in finding the right combination of keywords to create enough traffic or visitors to your site so that enough people buy what you are promoting to cover your PPC costs and make a profit. His strategy is to have 4 or 5 on the go at time so that on average at least one will come good. When this happens you quickly stop the PPC budget on the others and focus on the one that works. This is the true trial-and-error nature of this kind if internet marketing, and Greg doesn’t try to hide it. Good on him!

Related to any PPC campaign can also be an article campaign. After all, anything that brings traffic to your web site that promotes your affiliate products is good, especially if it doesn’t cost extra cash!

Using articles to promote products and services is not new. Greg explains in detail just how to do this – which sites to submit your articles to, how to write them, and associate them with your web site. He explains in detail how to identify critical key words and write around these. He describes 2 quite different approaches to promoting the articles you write, and carefully notes how to change your approach in order not to fall foul of the often tight rules around articles – many article web sites on the face of it do not allow you to embed links and web site references – a challenge, but easily overcome with a change of mindset and perspective, as he readily shows.

If you are new to internet marketing and operating on a low budget then the article approach wins out over PPC – it costs almost nothing, though may take much longer to generate income.

What I like about Greg’s approach with his manual is that he recaps and reviews at this point – handy – before wrapping up with looking at measuring success. I think this is very important, and so often missing from other manuals. Greg’s Daily Profiting manual doesn’t go in to great detail here, just enough to show you how important it is to measure success, and how to do a little bit of it.

Greg spends a little bit of time looking at creating your own product. He only spends a couple of pages on this, but it’s a useful couple of pages where he again provides specific instructions on how to do this. He makes the point well that creating your own product requires more effort and expertise on your part, takes longer to do generally, but can in the end generate much more cash when you have a small army of affiliates promoting it for you.

Before he finishes up with a quick look at auto responders and list building, Greg leaves you with a page of useful sales page tips – great if you are a new comer to internet marketing. Again, it would be nice to have more on this (at least a pointer to some resources), and yes, this is also a huge subject in its own right, for which manuals are available to buy, and I review some of these on my review website too.

With list building and autoresponders Greg acknowledges their potential and then firmly states his view. He doesn’t like them much as they can get in the way of a tightly focused landing page and associated web site. Requiring people to leave their contact details can put some people off, and Greg shrewdly points out he would rather have a definite sale now than the promise of many sales at some unknown point in the future. As the old adage goes “a bird in the hand is worth 2 in the bush”.

My view is I’d like both, and you can have both too, but that’s for another system and another review (which you can find on my review web site.)

So that’s it – Greg’s Daily Profiting system. He ends by pointing out his affiliate programme. It is handled by ClickBank, and works very well as a system, paying out 75%.

Using Daily Profiting With Other Systems

Many gurus promote their systems as a “don’t use anybody else’s system, use mine”. Greg doesn’t say anything in this regard. There is nothing in Daily Profiting that stops you from using other systems as well, and on the same products and at the same time. My own experience of using this and other systems is that Daily Profiting and the techniques and ideas it describes, can be easily used with other systems, in particular Harvey Segal’s SuperTips concept, the Lazy Affiliate Marketer, and several others. In fact it works very well in conjunction with the Lazy Affiliate Marketer (or LAM) because Lazy Affiliate Marketer has a fuller description of how to do keyword research while Daily Profiting does a better job of explaining how to research using the ClickBank ranking system. I review some of these other systems on my reviews web site. There are many channels to use in internet marketing. Why cut yourself off from some just because some other person says so? I say make use of as many as you can!

What About Web 2.0?

On the face of it Daily Profiting makes no reference to Web 2.0 sites as a means of generating traffic. A growing number of commentators are saying Web 2.0 is going to be the next biggest thing. Whether it is or isn’t, it’s easy and cheap enough to be active on it as well as with other methods, so I say do it! The advice and instructions about creating articles and searching for key words, and of building an affiliate site with landing page still stands. All you do is create entries on Web 2.0 sites that use some of your keywords and have links back to your affiliate landing page. That’s it! So, Daily Profiting IS compatible with Web 2.0.

Summary

þ    The Daily Profiting system by Greg Schmidt does what it says on the tin – a no-nonsense set of exact instructions on how to make money online.

þ    It’s focus is on practical steps you can take right now to get your own on-line business up and running in less than a day, for under $5 in some cases.

þ    It comes with all the resources you need to get up and running – all you need to add is some time, a little creativity, and a genuinely little bit of cash.

þ    Because it’s focus is on practical, no nonsense advice, and this is clearly Greg’s focus, the manual is not a professional masterpiece. But it is very readable and useable.

þ    It’s a pleasantly short but effective 26 pages of specific instructions. Sometimes the language gets in the way, but a second read of a paragraph generally fixes any misunderstanding. This means you can quickly read and understand Greg’s advice and put it to use. You can be up and running in under a day.

þ    You can use many of the concepts and tools with Web 2.0 sites such as squidoo and others.

þ    There is a great affiliate programme, run through ClickBank, paying out 75%.

þ    It is thin on specifics of copy writing, and you can get hold of manuals that specifically focus on this aspect. But it covers this topic sufficiently.

Where To Get Daily Profiting

You can read Greg’s excellent sales pitch and also purchase his system by clicking here.

Ratings

Value For Money ** (4/5)

Readability/grammar * (3/5)

Usability ** (4/5)

Application/practicality * (5/5)

Relevance * (5/5)

Overall ** (4/5)

Best wishes & good luck,

Martin Schmalenbach

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Online Business Overview

There seems to be a constant and high demand for a business system or business idea that makes it easy to earn money online. Any extra money making opportunities will only become more in demand during times of economic difficulties. Many people who may be interested may need to continue to work in their current jobs, so interest in anything seen as ‘easy money’ or an ‘easy business’. Internet business marketing systems proliferate and that makes it more confusing and difficult for newcomers to make an informed decision easily and quickly about whether to get involved, and if so, which approach or online business systems to use. I was once an overwhelmed newcomer to this business, so I have written this review to help you and others like you come to an informed decision more easily and quickly.

New comers are naturally attracted to proven business ideas. Many are also attracted to the idea of running a business – their own business. Starting a business – starting your own business – can be compelling. Be your own boss, have control over your work load and work schedule, choose who you work with, get your work life balance back on track.

There are basically two kinds of internet business: an affiliate marketing business, where your business building focus is the promotion of other people’s products and services. The other kind is where you create your own products and services and look to either promote it by yourself, or through other affiliate business activities. A business affiliate program may at first seem to be a way to earn money online easy. However it is not often like this. Any business, including a money making business online, requires some effort, even a lot. Even the Lazy Affiliate Marketer system requires a reasonable amount of effort initially. (See me review of this system here).

To be an online money maker needs a certain mindset, a certain discipline, and a little humility too, at least to start with. When starting a small business, asking for help, small business help, is a very sensible thing to do, and you can ask the Internet by way of search engines and forums where you can tap in to plenty of expertise and cross reference it to make sure it is correct and valid. Small business internet marketing is different to big business internet marketing in terms of resources available, and the resources needed. You need small business resources – you can’t really cope with resources for the ‘big businesses’. Thinking in terms of small business opportunities is a useful strategy because large businesses will tend not to be looking at the small business opportunity.

And that brings me to Greg Schmidt’s Daily Profiting business. No, it’s not an automated business. You have to work at it, like any good system. Is Daily Profiting a ‘good’ system? It is – it is because it works, at least some of the time. How do I know? I’ve tried it, and I’m still using it. It’s not 100% guaranteed because life is not like that. Just as the best business on the planet cannot guarantee a specific level of sales, results are a combination of luck and skill. Daily Profiting reduces the reliance on luck – it reduces the chances of failure and increases the probability of success.