Who would have though click arbitrage would be a topic worthy of being covered by Forbes? The magazine looks at how Google’s attempt to prevent click arbitrage is not really working and instead, many legit businesses find themselves no longer able to afford the CPCs.
Meanwhile, Jeremy “Shoemoney” Shoemaker is living like a king off his arbitrage efforts.
Two years ago, Shoemaker says he was living on unemployment checks. Since then, he says heâ€™s made more than $2 million by arbitraging search terms related to cell phone ringtones, teeth whitening and mortgages. â€œI love Google,â€ Schoemaker says. â€œThey changed my life.â€
I knew Jeremy had made good money off of AdSense, but TWO FRICKIN MILLION DOLLARS!!! And there was I, buying him a drink in Chicago!