Jumping on the MyLot
It seems lately that every money making blog I read has a post about how they've joined MyLot, I resisted joining myself for awhile as the returns didn't seem very high. I eventually succumbed and signed up, just to see what all the fuss was about.What is MyLot?
MyLot is similar to a forum, you start or participate in discussions, unlike most forums though, the discussions can be about any subject. The most important difference between MyLot and forums is that MyLot pay you for contributing.
How much do you get paid?
How much you get paid depends on the quality of the contributions. Nobody except MyLot know exactly how the payments are worked out, but there seems to be some complex algorithm that rewards for quality. What this means is you get paid less or possibly even nothing for simple one word answers, and more for more thorough answers. Although even if the quality of your responses are high the payouts are still small, only a few cents, you have to do a lot of writing to make significant amounts.
You can also make money by referring new members, getting a percentage of what they earn.
Why join?
There are a couple of reasons I can see for joining, and I have listed them below.
- If you like to participate in forums and discussions anyway, you may as well get paid something to do it.
- Traffic to your website or blog. By adding you site address to your MyLot profile and in your responses (only where appropriate), you will likely generate some extra traffic.
- Making money by starting and participating in as many discussions as possible and from referrals.
Conclusion
So far I have only participated in about 20 discussions and only made about $1, but after responding to a money making discussion and including my blog address, I did receive an extra 25- 30 hits. I think if you have time and like to participate in lots of discussions this can be a good way of making a few extra quid and maybe even generating some traffic to your own blog or website, but it won't make you a living. Give it a try and see what you think.
Some extra tips are also here look below
Maximize your earnings.Because myLOT does not reveal it's earnings algorithm or rates, many users have tried to experiment with several techniques to increase their earnings. Here are some of the tried-and-tested methods that do work to noticeably increase daily earnings.
8. Set a target to hit and resolve to complete it within the day. For example, you might decide to start at least 10 discussions and/or write at least 50 responses to questions every day.
9. Divide your work. Work at answering questions before beginning to start discussions. I usually feel that this helps to speed up your rate while keeping you focused.
10. Start open-ended discussions. Don't ask questions that can lead to a yes/no answer. This increases the overall quality of your discussions.
11. Reply to everyone that responds to your discussion topics. This has the benefit of prolonging the discussion and increases your earnings.
12. Rate each reply to your questions by actively using the + and - buttons at the bottom of every reply.
13. Use a lot of tags for every question or reply. If you always ask questions in a specific area, write down the tags in a notepad so you can copy and paste it immediately after posting replies or discussion topics. Tags definitely increase your earnings while ensuring that your discussion is more widely read.
14. Post interesting pictures to discussions as well as the interests section. You'll get paid for images too so it's good to put some effort in that.
15. Don't only post in one topic, try spending more time on a wide variety of topics. Some users have claimed that posting consistently in one topic reduces the rate of earnings.
16. Maintain high quality posts. The strength of your post partially depends on the + and - rating next to it. Encourage your readers to rate your discussions well.
17. Work with other
MyLOT. fans. Start a group of determined posters and work with them by mutual responding to each other's discussions.
18. Complete the 'My Interests' section and start a discussion by clicking on one of the interest categories. This possibly leads to increased earnings and also greater profile views/interaction.
19. Rotate posting duties. Get someone to post on your behalf using the same account. Stick with a brother/sister or friend who you can trust. Take turns posting at different hours of the day and of course, try to share the profits!
There you have it. You might want to implement a few methods daily to see the difference in earnings yourself. If you aren't already registered with MyLOT. , start by signing up here.
