Did You Buy Profit Loophole? What are Your Thoughts?

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Hi all,

Just looking for some feeback on profit loophole by Chris Rempel and Dave Kelly.

I have done a search on the forum and nobody seems to have given any feedback about this particular product yet.

Now I have read posts about authority loophole and I have read plenty of opinions about Chris and Dave's MSN stuff which didn't go down very well here.

However, I am interested to actually hear what someone who has actually bought it things of profit loophole. The logic doesn't seem sound in being able to sell a site for good money that is not very old and that isn't making much money, just because it fits the buyers criteria. Surely it would be much cheaper for the buyer to just outsource the creation of these sites himself so that they fit the criteria.

However, I am open minded since I like Chris's blog and I like all of the reports he does. I also like Dave's linkvana.

Hence, why I was wondered if anyone who actually has bought the product is willing to just give a brief review. What is it really all about and is it worth the money, or did you get a refund?


Cheers

Carlton
#internet marketing product reviews & ratings #buy #loophole #profit #thoughts
  • Basically the plan is to create five sites every month and let them develop traffic and revenue over four or five months. You sell the first set of five sites (preferably in bulk) to the well known sites for auctioning them off. Then when the next set of five mature, you sell those also. Rinse and repeat. Dave goes into a few selling tips and goes into how he prices his sites. You can sell sites individually, but he believes you get a better price if you sell in bulk. Why wait four or five months? He wants to provide buyers 60 to 90 days of traffic and revenue results and he doesn't monetize his sites until after a few weeks of being indexed.

    According to Dave, especially for people who crank out sites like in the hundreds or thousands, keeping up with them becomes difficult and consequently traffic and revenue diminish. So selling them while they are hot is the best time to get the most in a sale.

    If they buy your site, you are the one they outsourced to. Maybe these customer never thought of outsourcing. Or perhaps they plan to further develop the site and sell for a higher price. Whatever, you did the dirty work for them... they didn't risk on a niche idea that didn't work out.

    Here's what's left out... On the surface, the sites he build are simple plain static html sites but with good content. I wish he had some WordPress examples. Then it would be helpful if he went into a little more detail in the transfer process after the sale, like how we move everything over to the buyer's hosting account. Although his ideas about outsourcing work to retired and the disabled Americans are honorable, I was disappointed he didn't go further which means don't expect to find a secret source of dirt cheap workers.

    This course is best for those who already know how to build a website. He makes it clear there are no short cuts and its going to be a lot of work if you do it all yourself. There's nothing BlueFart about it.

    I'm not going to ask for a refund because overall I think it's a good course, but I can't figure out why they always have to use "loophole" whenever they name their new products.

    When I have more time, I plan on writing a more complete review and post it on my site.
    • [ 3 ] Thanks
    • [1] reply
    • Implies some sort of "secrets" - when you now think of loophole, you would think of Dave and Chris.

      That's called branding.
      • [1] reply
  • Carlton,

    I think that a lot of people would rather purchase a site that is a proven money maker than to spend time and money building a site themselves or, outsourcing the development of a site, just to find out if that niche is going to be profitable. In addition, if you develop a site (or outsource) you have to build traffic to that site or outsource the expense of that also.

    A lot of people would prefer to manage a business than get very involved with the nitty gritty of that business.

    Hope this gives you a little different perspective.

    I found Profit Loophole to be very well documented. However, I too would like to have seen a little bit more detail on the steps required to turn over a site and its traffic to the new owner.
    • [2] replies
    • I too have been looking at PL, but am similarly doubting the sales price claims made. There has to be more evidence that they can actually be sold for $1K+ despite making minimal or no revenue as indicated in the sales letter. And I'd expect at least a $1K price tag per site considering that's the entire revenue generated by the site, as well as, the time commitment involved.

      The prospect of spending 20+ hours a week for 4 - 6 months without any solid evidence that the time investment will yield the desired return (if any at all) is a significant drawback. Dave's screenshots were from 2007 as well, which is light years in the IM arena.

      By no means am I saying it can't or won't work, I'm just saying prospective buyers need more evidence of the sales price claims in advance of committing that kind of $$ investment, but much more importantly, time investment. Yes, even this is less time commitment than most other business models, but there are a lot of other opportunities where cash in hand comes much quicker.
      • [1] reply
    • That's great, but the whole premise of the product is that it doesn't need to be a proven money maker. Otherwise, it probably wouldn't make sense to sell them off in the long run.
  • Carlton,

    The value is the 5-6 months of time the site has been active, getting traffic, and earning money.

    Yes... they could hire someone to write the content, build the site, promote it, etc... but they can't get the 5-6 months of earning and traffic power the sites have already generated.

    That's the value (and premium) buyers are willing to pay for.


    Jason
  • I didn't pick this one up, but I would hate to see the whole report discussed in detail in a thread here on the forum similar to what happened with their last product.
  • You might have to take it on faith that it will work. Of course there's no guarantee any plan will work for everyone. However, from the way Dave speaks I'm convince he himself is an authority on the selling of sites and is successful at it. If nothing else, he'll teach you how to build traffic and revenue generating websites. I hope the mods don't delete this thread and no ex-customers start something negative. I hope only people who bought post their honest opinion and suggestions.
    • [1] reply
    • Right. I will add that I have bought the course, read the book, watched all the videos, and examined the bonuses. I also don't think that the course has been given away, here. Although I can't address the "possibility" issue of whether or not you can make the same kind of money Dave makes selling sites or whether his figures are realistic, I can say that in my opinion, Dave addresses the earnings issue thoroughly in the course. He also explains in detail how he arrives at pricing a single site for sale as well how he prices sites sold in bulk. Although he does not really address some of the issues of exactly how you go about transferring a domain and moving site files from one server to another, he does write in explicit, clear and abundant detail about the kind of site he develops and how you build traffic and revenue (using adsense). He provides a chart and a video to make the system of promotion easily understood. He also walks you through the process of how he markets and sells sites. Again, in my opinion, the explanation provided is ample and exceedingly clear. All in all, there are 10 videos provided to augment the written course material. As you read through the book, he indicates which videos you should watch. Dave also talks about the need to approach this model, as any IM activity, as a business and the need to follow through on a business plan-or plan of action--to see any real success in IM. That's a point that I feel is often overlooked in IM, the need for a business plan. It is all too easy to forget that people like Mike Filsaime, Frank Kern, James Schramko, Yannik Silver, for example, have business in their blood and were highly successful in business before their success in IM. Anway, to finish up, I think Newbies sincerely interested in this sort of business model will find the course valuable and be able to make the transition from information to action. However, if you are highly experienced and already know the ropes of site flipping and have sucessful sales under your belt, this course may be less valuable for you. I will mention, as well, that Dave was very quick in answering some of the questions I had after finishing the course. One more thing, in my opinion, one of the strongest points of the course is that it is very, very clearly written. That's it. I hope this helps the discussion.

      Evan
  • It's amusing that people think too much of Dave's latest loophole has been exposed in this thread. If what's been discussed is to much exposure of the system, then it makes me wonder what is really there to begin with.

    You establish a pipeline of sites at the rate of 5 a month, drive traffic and make a little money from them, then sell? That is what is being considered as blowing the top off of Dave's "loophole"?
    • [1] reply
    • I didn't make my comments because of what has already been talked about, but if you look at the review thread for the other loophole product by the 4th page the whole ebook was laid out in the discussion.

      Reviewing the product is fine, but giving everything away is unfair.
  • Up until these previous posts, if you have read the salesletter, purchased and read the ebook, watched the videos and looked at the bonuses, you will discover practically nothing has been given away in the review. No mention of the exact formula for calculating selling price was revealed... The auction site urls where not mentioned... The exact type of content wasn't revealed which he uses and is successful for him... The way he promotes these sites was never revealed... 98 to 99% is still safely tucked inside. I doubt anyone can take what has been said so far here and duplicate the process without the course.
    • [1] reply
    • I agree

      I only made mention early on because of the way the last thread went. Chris and Dave appear to cause a bit of a "stir" especially here in the review section and I was only chiming in as a reminder to not disclose the whole method because of what happened before.

      I think that this is a method that can and will definitely work for a percentage of people just like any other method will. It will really boil down to who can actually wrap their head around the information and actually on faith put it to use without second guessing and doubting themselves in the process.
  • In the previous thread (MSN Loophole), they only created a stir because there was a mob that wasn't real happy with the product that they had been sold.
    • [1] reply
    • Banned
      Well sometimes or infact many sales pages are just OVER HYPED. Or worse thing is...rehashed information again. Nothing ground breaking.
      • [2] replies
  • Does anyone know if there is a forum for people that have bought the product or if Dave has a blog where you can ask him questions? As Akogo stated in the second post there are some areas in the report that is not discussed in detail and it would be great if there was a way to get Dave to explain them in more details.

    /Mikael
  • I emailed Dave and asked him if WordPress sites could be used for his method.

    His reply:

    "Hi Mark, it can work though IMO it makes it more difficult to sell for a couple reasons..

    1) the need to transfer and backup a database is required with wordpress, unless both parties are secure in how to do this, it wil reduce the buyer pool, 100% of my buyers are looking for static HTML sites.. that is not to say wordpress can't sell, but I don't fell they monetize as well, but yes, they can be sold, I think it's just a bit tougher and they will have a smaller market than would a static HTML site i the same niche but that doesn't mean they would sell for less."

    Since I've built more sites with WP and not so much with static html, I asked about any recommended resources for building them. Dave replied:

    "We are actually going to make some templates available, and Chris is working on a list of low cost or freebie HTML editors that can be used (as well as some of the premier ones like dreamweaver.. that we hope to have ready next week".

    So it seems like WP is not the way to go with Profit Loophole, in case you were wondering!
  • I asked him the same thing, although his response was not as thorough as the one he gave you, he basically gave me the same answer.
  • To purchasers of Profit Loophole, Dave created two new videos explaining WordPress vs. Static sites and transferring domain names through GoDaddy (but didn't get into transferring the actual HTML files). What's also new is he supplied two sample web page templates you plugin your own info (several more varieties to come).
  • I believe the Profit Loophole strategy is very doable. To get a mini site to earn $2 a day with adsense in 5 month is easy, especially if you promote your site with article marketing and social networking.

    Picking the right niche is also important. Financial and mortgage related keywords pay more. Art related do not make any money. I have tried it. So pick you niche carefully.

    Doing keyword research correctly is also very important. Pick keywords with not much competition. You want to target keywords that you can easily rank in Google. You can just post 10 articles for your mini site (as recommended in Profit Loophole). However, I would recommend you do more to target more keywords to get more traffic to get more adsense earnings.

    Assuming your mini site is earning $2 per day from adsense, that is about $60 per month. You can sell your site for 10x of its monthly income, which is about $600. Profit Loophole suggest you sell 5 sites per month. So 5 x $600 is $3,000 a month. This strategy is very doable. You can make more than $3,000 a month by selling more sites a month or making more daily income with your adsense sites.
    • [1] reply
    • And you needed a course to show you that? Isn't that what site flippers have been doing for a few years now? Where is the loophole? That just seems like some good ole fashioned IM work in the trenches to me.
      • [1] reply
  • Any one sold any "5-pack" yet?
    How much did you earn in those 5 sites?
    5x100 = $500
    or
    5x100 = $5000
    Need some real proof from any Warrior.

    Cheers!
  • The loophole is even slicker these days.
    1. Build the sites right and Dave sells them to his regular customers.
    and
    2. He bought out the super-apprentice system which templates the sites for you. And includes keyword research and other tools.

    I'm happy with my first month. And Dave answers my emails.
  • Is anyone seeing the results that Dave shows in the case study? I've setup 8 sites and the first 4 or in their 3 month and I have been unable to produce the traffic that Dave has on his for any of the 4.
  • The part I continue to question is the inevitability of the decline in search
    engine rankings after six months or so. (assuming you don't do something to make Google mad at you)

    Is that your common experience? What if a site is well put together, has a domain
    name and content tightly targeted to a specific keyword phrase that is still often
    searched for search phrase and has some good links?

    I mean, that's the value of micro niche sites. They're tightly targeted. They don't
    dominate a niche - they grab some traffic.

    sure, authority sites can compete, but can't build a content page for every single
    keyword variation.

    Besides, we know that Google likes older sites. So long as the sites are useful,
    they should continue to rank, perhaps more highly as they age.

    So perhaps these small sites might lose ground to other Profit Loophole customers,
    especially ones who use more links, but otherwise, why should it be inevitable that
    small sites fall behind for their specific target keywords?

    And there's a related question -- if they do, how ethical is it to sell them for ten
    times current earnings when they're going to drop in a month or two?

    And if they do drop in income within 6 months of the sale, why are Dave's
    customers continuing to buy them?

    Those are my questions.
  • Rick, first off you're quite right that the sites don't HAVE to decline after six months. Dave states that as well. But they might.

    Secondly Dave's customers continue to buy because they are not buying them to just let them die, but instead to keep growing them and building links to them and thereby not only keep the status quo (which would still be a +100% ROI) but to increase the income to make it a +300% to +500% ROI investment.

    /Mikael
    • [1] reply
    • Just wondering what the difference between Profit Loophole and Super Apprentice is. Both are from Dave Kelly.

      Is PL part of SA? I understand PL is a one-time payment, but SA is a subscription.

      But are there more differences? When to choose which one?

      I am interested in building small Adsense sites, promote them, make some money and sell them. And I am not good at content writing, also because my native language is not English, but Dutch and still living in the Netherlands. Is therefor SA better for me?

      As I also understood there is Dave´s Articlez.com team ready to write the content in SA, but does this mean people who purchase PL have to write their own content?

      How much content needs to be written in general for one SA/PL site? Of course the content for the pages of this site, but is there a need for original content which is then submitted to the article directories and blog network.

      In other words: If I were a SA customer and wanted to launch a site, how much would this cost me (in general) including the promotion part? I have my own reseller account at Hostgator, so no extra spendings here for me. Don´t mind if this can´t be said exactly, but a rough estimation would be nice.

      The monthly fee is lowered to $50, does anyone know when this will be going up again? I want to become a customer, but not sure if I become one in December or January and what the differences between SA and PL are.
  • Profit Loophole is a step by step guide to creating a very specific type of AdSense site with the intention of selling it in it's fourth or fifth month. Super Apprentice is the tool which makes creating, promoting and selling these sites much easier. Dave acquired the SA system after releasing PL instead of starting from scratch and coding his own software program to assist PL buyers with creating and selling their sites. SA is really incorporating PL and Dave himself says this in the SA forum:
    "To everyone that is 'thinking' of buying the profit loophole course... to help you better understand SA... DON'T.. as I will be incorporating much of what is in there into SA.. as a guide or blueprint..
    when... As soon as I can get it completed.. my goal, some time in the first half of December
    Dave"
    SA creates the sites for you with a choice of template, monetizes it with AdSense and also has sections where you can outsource the content writing, sell the site once it averages 50c per day, submit articles for promotion to EZA and also blog posts to a blog network.
    PL is just the blueprint, laid out for you as a complete start to finish guide to producing, promoting and selling these sites. SA is used to actually produce, promote and sell the sites - where you do the actual work, if you like.
    PL sites are based on a 10 page premise with additional articles required for promotion. If you use the outsource option in SA each article costs $6 so it would cost $60 for content for one whole site. You would then need your marketing articles, at least another 15 for each site.
    I'm not sure that the price will be going up again but I cannot say for sure as nothing has been mentioned that I am aware of.
    Hope this helps
    Nazima
    • [ 1 ] Thanks
    • [1] reply
    • Thanks for the answers!

      So if I understand this right, if you outsource the writing for a 10 page site this will cost you $60 plus the extra costs for the promotion.

      When they reach $ 0.50 per day it can be sold according to the guidelines. $ 0.50 per day is $ 15 per month and probably the site will be sold around $ 150 more or less. Correct me if I am wrong.

      When you outscource everything, creation and promotion, is there still a healthy profit to be made?

      Scaling up Adsense sites is required, it´s really a numbers game. How can the average Joe scale this business when one site plus promotion costs more then $ 100? I know I can write the content myself, but I prefer not too and how to scale if I have to write everyting myself?

      One thing more about the $ 0.50 per day for a 10 page site, I have several Adsense sites with less the 10 pages reaching $ 2.50 per day within 2 months. So I am curious why a 10 pages site with content written by quality native writers is only reaching $ 0.50 (after 4-5 months) and this being the perfect flipping point.

      Why interested in SA when I already have several Adsense sites up and running? Because I want a better system where I can automate a lot of the stuff and knowing there is a group of buyers ready.

      Not being negative here at all, just very interested and asking questions about the whole process.
      • [1] reply
  • Profit Loophole is definitely one of the better IM products I've purchased.

    I do enjoy Dave Kelly's style, and the fact that they didn't do any hyped up launch.

    His language and instruction is very good, and support is excellent. I still receive emails now and then with an update on case studies etc. Feels good to know he didn't just write a product then jump on to something else - he's still there to help.
    • [1] reply
    • It's been almost 3 mos. since the last reply. Any action on this? Would like to compare notes if anyone is still doing this as I've been at this since 11/09 full time.
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