A Critique of MyLot

By now, MyLot has a membership of more than 90,000 and it is growing. Though I am also a member of this site, money making is not my primary objective there. It is more to read other's stuff and to socialize. I have not been that long on MyLot site. But my experience is that most of the members there want to make money. Why not?

While making money on MyLot, many people make friends with others as well. As on date, I have also about 6 friends. Can friends help you in any way over there. I think so. But not directly. I will explain it shortly. How does this site work?

First, let me tell you that this site is a social site and is open for membership internationally. Membership is free and very fast. What do the members do on this site. They post questions, respond to discussions and answer other's questions. The length of postings can be anything from one word to hundreds of words. What can they discuss? They can discuss anything under the sun. One can start discussions or one can reply to discussions.

What are the benefits? First, you get answers to your questions and you also know what others are saying. One can develop knowledge of different things, develop writing skills, develop friends etc. But the best part is to make money. MyLot earns money with advertisers and then shares part of the revenue with its members. It pays members money for doing anything on this site. Yes, you heard right, for doing anything. You can discuss, you can upload photos, etc. I have seen members writing 2 word posts, like "May Be". "I don't know", "What do you think", "How do you do", "How do you squat" and the like. There are a lot of long posts as well.

Now how much MyLot pays per post? Only MyLot knows it.

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I tried to find out as to how much members earn per post. I saw from the discussions that members generally make under 2 cents per post. I have made close to 3 cents so far. It is possible that many members might have made more, but I have not seen it so far. Though the earnings are low, it is very easy and comfortable money. That is why members continue to stick there.

If one can build a team of referrals, one can make more. It has a good referral program. When earnings reach $10, one gets paid through PayPal. How can one make more money. From my experience one can follow following simple steps to maximize earnings: Write good content. Whatever one is writing, it should have good ideas and good material.

In short, there should be quality content. The posted content should not have any spelling mistakes and should be grammatically correct. It should be easily understood by others. Keep writing every day. Write on good topics. Provide facts and figures and your honest opinion. Be polite and straight forward. Do not spam. Be clear.

One big mistake that many members are doing is that they want to write as many responses as possible. This reduces the quality of posts and also affects earnings. It is better to write a few posts less than too many. One can make as much money with 10 posts as with 30 if the quality is good.

Also avoid responding to your own discussions. Keep your comments on responses to your discussions to the minimum. I feel your comment on others' responses does not get paid.

Build your referrals. The more referrals one has, the more money. How to increase referrals, I will be discussing that in an another post.

Make friends. How friends can be of benefit? Probably, you may be having some other web sites or blogs elsewhere. You can ask your friends to have a look on those on reciprocal basis, offer comments, join your other programs etc. Did I miss something? I might have. I will carry on next time with more stuff.

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