In this MyLot Review, we look at how you can earn money online without investment. And you don’t need a monetary investment but rather an investment in time.
So if you like to chat with others and participate in engaging conversations, then maybe MyLot is the place for you.
What is MyLot?
Yep, there’s nothing more to it than that.
My Lot is a really easy way to earn money without investment and is a worldwide community of commenters.
How Does MyLot Work?
First, you sign up with MyLot.
Setup up your profile.
Then you start commenting on discussions you find interesting.
The more you comment, and like, the more you’ll make.
It isn’t exactly clear how much you’ll make as the Earnings Algorithm is kept under wraps, but you’ll earn a few cents per conversation, and this figure continues to go up as long as the discussion remains active.
Your MyLot earnings summary will show you how much you’re making with MyLot.
And once you’ve earned $10, you can cash out.
Payment is via PayPal only so you’ll need to have a PayPal account if you want to get paid.
Let’s take a look at the MyLot review video…
How Does MyLot Make Money?
When you come across this way to earn money without investment, you’ll naturally wonder ‘Is MyLot a Scam?’ and ‘Will I get paid?’
These are both very valid thoughts, so rather than teaching you how to make money on MyLot, it’ll be smarter to explain how MyLot makes money. Because once you understand how MyLot makes its money, you’ll be happier to get paid for commenting and making friends.
The basic model of MyLot is a user-generated content creation website.
These types of websites were very popular until Google decided they wanted to penalize them. As a consequence, the naturally high organic traffic they enjoyed through masses of content suddenly dried up, almost overnight.
However, fortunately for MyLot they had already grown a strong community and this community continues to contribute to the MyLot Earnings Program.
It’s this community that sometimes clicks on the Ads while they are interacting with the website, which in turn generates the income for MyLot.
A percentage of this revenue is split with the commenters participating in the conversion.
A similar site that has revenue share like MyLot is InfoBarrel. However, Infobarrel has longer form posts whereas MyLot is more short question and answers based.
So as long as MyLot continues to nurture it’s thriving community, the longer it will continue to pay out.
MyLot Referral Program
Currently, there’s no MyLot Referral Program, however, the owners haven’t ruled out a referral program in the future.
I really like the community in MyLot. They’re friendly and welcoming and there’s only a subtle marketing push going on so it feels really genuine.
As an added plus, it doesn’t seem hard to make a dollar a day, from commenting and making friends online. And some popular commenters appear to be making closer to $10/day which for some countries is all they need to support a family.
For the rest of us, it’s just extra spending money.
If you’re happy with just being part of an active and friendly community then MyLot is certainly for you. The money is just a little bonus you’ll make along the way.
And that’s My Lot for this review 😉
Potential Earnings: 3-MONEYBAGS
Time Required: 2.5+ Hours
Thanks for taking the time to read this MyLot Review and if you have any questions, come and find me on Twitter @365waysto and I’ll see if I can help. Otherwise, take a look around and discover some of the best ways to make money online.