Phone (Call or Text): 559-871-1613|brandonchopkins@gmail.com

Make Money Online with Prosper

If you haven’t heard of Prosper.com, it is “where people come together to borrow and lend money.”

Making money with Prosper does require some startup capital, but can be very lucrative. All pictures are screenshots from my account.Prosper Logo

Here is how to make money with Prosper.

1. Open an account.

Creating an account is easy and free. Here is the signup page.

2. Join my group.

Prosper Account Overview

Groups are about more than just community. You will be following my lead and the lead of other group members. When group members are bidding, you should bid as well. Of course that person could still default, but when everyone is doing their due diligence, everyone wins.

3. Deposit money.

When I first started, I deposited $250. That was going to be my total investment. Now after almost a full year, I have over $1000 invested in Prosper and am adding more monthly. You can start with whatever you feel comfortable with. The minimum amount you can bid on any one loan is $50.

4. Find a loan you like.

I like small loans at decent rates. I’m looking for borrowers who are asking for between $1000 and $5000. These borrowers should be asking for between 8% and 29%. I’ve found that borrowers who are asking for a small amount tend to pay it back and don’t default as often as people asking for $15-25,000. That is why my group is for people who are asking for loans under $5000.

5. Lend money.

Prosper Account Statement

Choose how much you want to lend, and click the “Confirm Bid” button.  I try to make at least one loan per month on the payments and interest I receive.  As you can see, my cash balance is currently $24.61.  Once it gets to $50,  I’ll make another loan.

6. Cash in!

You have now helped another fellow American and should feel good about yourself. Don’t forget, you’re also making much more than you will in your ING Direct account (currently at 4.5%).  There are people lending on Prosper who have hundreds of thousands of dollars.  Many people will even lend $2000+ on one loan!

Here are my current stats for Prosper.

Prosper Report

As you can see I haven’t had any defaults and have an average APY of 12.29%!

Prosper is a great way to diversify and get more than you could in a regular savings account! If you have questions about Prosper, just post a comment!

By |May 19th, 2007|Investing, Make Money Online|5 Comments

Intro – Great Websites, Limited Funds

Create Great WebsitesThis is the intro post for a three part series called, “Great Websites, Limited Funds”.

Over the next week or two we’ll be looking at the most effective way to create a great website with a set amount of money. Each post will deal with a different amount of money, $100, $1,000 and $10,000.

No matter which part of the scale you fall into, you’ll get great advice on where to spend your money and what provides the best ROI.

Look for the series logo above to find out when and where each post is taking place.

With each amount of money our goal will be to double that money in 6 months. That can come from you building a great site and selling it or from your building and keeping it. Either way, we’ll be trying to take your money and double it.

This is kinda like betting it all on red at the Roulette table, except when you bet your money on a websites success you get to control where the ball lands.

Stay tuned for part 1!

By |April 20th, 2007|Make Money Online|2 Comments

Contest: How Would You Spend $100 – Win $150

It’s contest time!

Let’s imagine for a moment that you aren’t a millionaire and you only had $100 to spend on SEM (search engine marketing).

What would you do? How would you spend that $100?

All you have to do is send me an email with the best way to spend $100 marketing your website. The website could be new or old, but you can’t spend over $100 exactly on your marketing.

You could have articles written, buy PPC ads, buy a site review, whatever. Make sure you give me some details because I might be using your idea in a future post.

If you are the winner, you will get your choice of spending $150 on this site. $150 will get you the following:

Complete Site Review (1 review)

Contextual links (2 links in either one or two posts, your choice)

Sponsored Posts (3 total sponsored posts)

So all you have to do is send me an email with your best marketing idea under $100!

If you win I’ll contact you to get some info on claiming your winnings.

By |April 19th, 2007|Contests, Link Building, Make Money Online, News, SEO/SEM|1 Comment

Advertise On Any Post With Text-Link-Ads.com!

Text-Link-Ads.com sent me an email this morning about the new ability to allow people to advertise on popular posts on my websites.

This is awesome because some of my sites are full with 10/10 advertisers and therefore fully monetized with text-link-ads.com. This new product will allow me to continue to monetize by writing popular posts.

This will be perfect for people that are popular with Digg or people who have a very strong and loyal following.

Personally I can’t wait to find out more about how it works and to see it in action. I’m sure there will be some bugs to work out, but TLA has awesome support and usually can resolve an issue within a day.

By |April 10th, 2007|Make Money Online, News|0 Comments