A Penny For Your Thoughts?

Few things:

1. Proof: Your letter doesn't go too overboard on claims, but you still need to back the claims you've made with proof. Adding proof of income alone would, I suspect, bump your conversions significantly. If you can, I would suggest putting the product cover graphic lower in the copy and putting a video in its place in which you login to your accounts, giving an immediate, believable payoff on the $200/day income claim. Barring that, a screenshot or two at minimum.

2. Specifics: $200/day is good... The *exact* amount you average per day, down to the penny, is better. And as Rick Duris suggested above, adding a good story-based "hook" to your headline (if you have a good one) would help. Same goes for the time it takes to put the method into practice: As Mr. Enthusiastic noted, "the time it takes to make a cup of coffee" begs the question: how long does it take? Instant coffee? Cappuccino? Then later on you mention the time it takes to *pour* a cup of coffee. It's just a bit vague. Letting the visitor know upfront that your method is fast and easy is good, but it would be even better if you timed yourself doing it and used that exact time (to the minute). Your headline could then start out,
"In just x minutes..."
One of your bullets says 10 minutes, so if that's how long it takes, I'd go with that.

3. Bullets: Your bullets need some work. One in particular that you need to fix (just as an example) is the one near the top that includes the phrase "low-hanging fruit that no one else wants." Something no one else wants isn't very tantalizing, and I suspect that's not really what you were aiming for here -- consider changing this to read:
•The super-stealth "Flying Under The Radar" Method that lets you grab the lucrative low-hanging fruit other marketers miss
Overall, you need to hit more specifics and distinct, targeted buyer benefits in your bullets and avoid overly general language like "How to work less, earn more, and be twice as happy doing what you love." A bullet or headline like that needs a lot of credibility to back it up, and it's far too broad for this ad -- you're selling one simple, specific method the visitor can use to make a quick $200/day, not a lifestyle/self-help program. Mixing your messages like that will only get the reader off-track and looking for justification for the huge, unsubstantiated claim you just made.

4. Offer: Your offer is vague -- since you're selling one simple method, it's understandable if you don't want to give too much away upfront, but you need to give away enough hints to whet the prospect's appetite. Your goal should be to make the information in the ad "useful but incomplete." Putting the product in a context based on a story about who you are and why the visitor should trust you as the "go to" person for this information would also help. I agree with Ross Bowring about the title, as well -- even something as simple as "The 10 Minute Method" would be an improvement.

5. Guarantee: Give one. Particularly if you're playing it close to the vest with the nature of the method you're offering. And since PayPal doesn't give you any strict limit on the length of your guarantee, make it a long one -- 90 days minimum. Then over-deliver with unadvertised bonuses on the back-end. Even if this gets you a few refund requests, the people who request a refund would probably have filed a PayPal dispute to get one anyway, and by offering the guarantee you'll snag on-the-fence customers you might have missed otherwise.