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Drett.com - Monetize Now  
Released:  8/13/2008 10:20:42 AM
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Description:



The journey of a webmaster, blogger, designer, teenager through life. The story of how I monetize and make money online. My story. The story of a 16 year old in the form of a blog.


Contents:

List Of Paid Blogging Networks

Here’s a list of some of the more popular paid blogging networks around. As this list is quite long, I’m pretty sure there are some paid blogging networks here they haven’t even heard before so you might want to give them a try. I haven’t tried all of them yet, the ones which I have tried so far are Smorty, SponsoredReviews, LinkPost by LinkWorth, Bloggerwave, BlogToProfit and a few more. Have fun trying them out :) . I’ll post a list of recommended paid blogging networks with detailed reviews in the near future, but for now, just know that there are more than one paid blogging network out there, which also means more money making opportunities

Some quick information for all you who are new to the paid blogging industry. First of all, you earn money from paid blogging networks by blogging about a specific product, services or other things. You can either write it as an advertorial, in a promoting manner, or just as a “let-you-know” post and paid blogging networks will pay you for the post. Once your post has been confirmed and accepted, you’ll generally get paid after a set number of days. As the money earned for every post is quite high, paid blogging is a quick and easy way to supplement your income as a blogger. Hehe.

Enjoy :D

Note: They are in no particular order and this list will be updated regularly.

  1. SponsoredReviews

    sponsored reviews

  2. Smorty

    smorty

  3. LinkPost by LinkWorth

    linkpost by linkworth

  4. PayU2Blog

    payu2blog

  5. PayPerPost

    pay per post

  6. LoudLaunch

    loudlaunch

  7. Bloggerwave

    bloggerwave

  8. BloggingAds

    blogging ads

  9. BlogToProfit

    blog to profit

  10. Blogsvertise

    blogsvertise

  11. ReveiwMe

    review me

  12. Ihype

    ihype

  13. SocialSpark

    socialspark logo
    Credit for this goes to Dan.

  14. Blog2U

    blog2u logo
    Credit for this addition goes to Lalaboi.

I’ll keep adding more in the near future. If you know any paid blogging networks that are reputable and do pay, please leave a comment here so I can put it in the list. Due credit will be given to you.




An Interesting Way To Make Some Money Online

While surfing the internet the other day, I came upon this site DesmondBlog where there was a very interesting post. The post talked about how a 17-year old was making some money off the internet every month. Well the amount in question is about $300, which to you all might not be a lot, but Desmond said that the method could be easily expanded to earn more money.

In simple terms, it’s basically asking someone to do something for you (CPA offers) in return by giving something back to him, which is usually in the form of buying his credit or points off him for a higher price. As this method doesn’t need a website to start with, I highly recommend this method for all of you who do not wish to spend even a single cent on trying to make money online - this method is completely free :D .

Anyway, to read more about it, please do check the original post here




A Few Ways To Determine Whether A Pay To Click (PTC) Site Is A Scam And Is Going Bankrupt

Paid To Click (PTC) sites number in the hundreds - if not the thousands on the internet. Nowadays, ready made and generic Bux scripts can be found and bought of the internet for a couple of dollars, giving rise to a huge number of aspiring people who want to run their own PTC site setting up their PTC sites with these Bux scripts. With these huge number of new PTC sites on the internet, the number of scam sites have increased dramatically.

Here is some of the ways and things to look out for in PTC sites to determine whether a particular PTC site is a scam or is about to go under. Though this method is a good indicator of whether a PTC site is a scam, bear in mind that exceptions do exists and the site might be truly good or that the site is just taking longer than usual to acquire the “scam” status while slowly milking away investors and members money.

  • Unprofitable business model
  • Asks for donations
  • Payment takes a long time to arrive
  • Has too many promotions that give you too much while charging too little

Unprofitable business model

Many Paid To Click sites on the internet nowadays have either extremely unprofitable business model or a model that barely breaks even. Sites like this charge their advertisers less money than what they need to pay members for all the clicks. Sites like this are quite sure to turn out to be a scam as who in their right mind will want to run a PTC site that loses them money?

The way to determine whether a site has an unprofitable business model is to calculate their profit or loss for every 1000 clicks purchased and a 1000 clicks by members. Remember to take into account the amount needed to be paid the 1000 standard members who clicked and the amount needed to be paid if the 1000 who clicked were a referrer of someone.

Lets say PTC site A charges advertisers $7.99 for every 1000 clicks, pays standard members $0.01 per click and pays members $0.005 per referral click.

Income of PTC site A every 1000 clicks = $7.99

Money needed to be paid to 1000 standard members = 1000*$0.01 = $10

Money needed to be paid assuming that everyone of those 1000 standard members are a referral of someone (In a PTC site, nearly everyone is a referral of someone) = 1000*$0.005 = $5

Expense = total money needed to be paid = $10 + $5 = $15

Expense > Income

Profit = income - expense = $7.99 - $15 = -$7.01

PTC site A runs at a deficit of $7.01 for every sale of 1000 clicks to advertisers, which means PTC site A makes a loss of $7.99 for every 1000 clicks someone buys from them. PTC site A has a unprofitable business model and will most likely go bankrupt or is a scam.

Lets do a case study of Thinkbux:

Standard members get $0.01 per click

Premium members get $0.012 per click

Referral clicks are $0.005 per click

Thinkbux charges $14.99 per 1000 visits

Using the formula,

Income every 1000 clicks = $14.99

Money needed to be paid to 1000  premium members: 1000*$0.012 = $12

Money needed to be paid assuming 1000 of the premium members are referrals of another member = 1000*$0.005 = $5

Expense = total money needed to pay = $12 + $5

Expense > Income

Profit =  income - expense = $-2.01

Thinkbux runs at a loss of $2.01 everytime 1000 clicks are done. Although I assume that all 1000 clicks are from premium members, even if you take that all 1000 members are just standard members Thinkbux still makes a loss every 1000 clicks. It does not even break even. Thinkbux has an unprofitable business model.

Sites which have a unprofitable business models are more likely to turn into scams or go belly up as they just do not have the resources of finances to pay their members.

Asks For Donations

This is quite easy to understand. When a PTC site says it needs donations to keep it alive and to help pay the premium members without a valid reason, you know the site is a scam or is going down really soon. Sure, some PTC sites just need donations to get over a rough patch such as NeoBux which had their Paypal Account  frozen with 72% of their money tied up and had needed donations to get through. After about 20 days they got back their account and had given “donated” back to everyone who had donated to them in the form of referrals. However, more often then not when Paid To Click sites start asking for donations, you know they are going belly up soon.

Sites that ask for donations to pay members but do not have a valid reason are basically in a money losing cycle. They lose money every time advertisers buy a package from them that is why they need members to donate to make up for the balance, but as this is a cycle, they will always have to rely on members donation, thus hastening that particular PTC site’s death.

Payment Takes Too Long To Arrive

We all know PTC sites that take forever after we had cashout before we received the money. The cause of this if I were to put it into simple terms is that the money cycle is not moving fast enough, and is overtaking them. The reason the PTC sites cannot give you your money immediately is because they just do not have enough cash with them and are waiting for more advertisers to advertise with them. Once advertisers advertise with them, they use that money to pay off the earlier clickers, which however leaves the clickers who had recently clicked with no money and thus forced to wait. Sites that have a really long payment wait are bound to make many members unhappy and ultimately turn into scams.

Has Too Many Promotions That Give You Too Much While Charging Too Little

PTC sites that have constant promotion that seems too good to be true are more often than not going to turn out as another scam site. This is quite closely related to the unprofitable business model above.

Lets say PTC site B has a promotion package that costs $10 and gives you 20 referrals which is worth $20 and 1000 advertisement clicks which is worth $6. PTC site B has pays $0.01 per click for a standard member and $0.005 for every referral click.

Income from sale of promotion package = $10

Money needed to pay the members who click on the 1000 advertisement clicks = 1000*$0.01 = $10

Assuming each member that clicks is also a referral of someone (nearly everybody in a PTC site is referral of someone as the PTC site always sells referrals) = 1000*$0.005 = $5

With the 20 referrals, the person who buys the package from PTC site B would be able to earn even more money which PTC site B would have no way of getting without selling even more promotion packages, which in turn makes the whole condition much worse.

Expense = money needed to be paid = $15

Expense > Income

Profit = income - expense = $10 -$15 = -$5

PTC site B makes a loss of $5 for every promotion package sold and makes its condition worse as members would be earning more money with the referrals which PTC site B has to come up with.

Lets do a case study of Better-Bux.

neverever better bux labor day promotion package

Take a look at their Labor Day special.

Standard members get $0.01 per click

Referral clicks are $0.005 per click

Using the formula,

Income from sale of promotion package = $100

Expense = Money needed to pay members who clicked on the 250000 link credits = 250000*$0.01 = $2500

Expense > Income

Profit = income - expense = $100 - $2500 = -$2400

Even without taking into account the members who clicked who are referrals it is quite obvious that Better-Bux has no way of paying the members. Better-Bux makes a loss of $2400 every single time someone buys an advertisement package.

Needless to say, no PTC site wants to run at a loss, so these sites usually turn into scams so that they themselves can at least earn some money at the expense of members.

What Now?

These are just some of the methods I use to determine whether a PTC site is going to turn out to be a scam. I hope that you find it useful and be careful as you invest money buying referrals and time clicking on various different PTC sites. A PTC site paying you once doesn’t mean that it will never turn into a scam in the future.

But after all is said and done, even though some PTC sites I mentioned which makes some of the errors, they still have paid me, so do take everything with a pinch of salt :) , and make sure you do not invest more money than you can afford to lose. This way, even if you do lose money you would be able to absorb the loss.




Blog/Domain/Website Flipping

One of the ways to make money online that had recently caught my eye is domain, website and blog flipping. The more I read about domain/website/blog flipping, the more interested I became in it as the more I read about it, the more I thought it was something that I could do online :D .

The term flipping here basically means selling a website or blog or domain for a profit. Someone who wants to flip a website or blog usually either buys a premade website cheaply and then after adding some customizations and other stuff that would make it more valuable then sell it for profit or build a new website from scratch and then sell it for profit. The buying and selling of domain names is closely related to the buying and selling of websites and blogs.

In this category “Domain/Blog/Website Flipping” I’ll be writing about what I learn, new techniques and my step by step journey as I learn how to flip websites/blogs/domains and supplement my online income :) .

I hope I do manage to become quite good at flipping and I hope what I learn will also be able to help you guys out too. Guys, stay tuned for more posts on website,blog and domain flipping soon.




True Knowledge Invites Giveaway

true knowledge logo invites

Have you heard about True Knowledge? To put it simply, True Knowledge is a search engine that aims to fulfil some gaps and inadequacies found in current search engines.

True Knowledge aims to fulfill a longstanding internet industry goal – providing consumers with instant answers to complex questions in a single click. To achieve this, users can add knowledge into the True Knowledge engine by going through a complicated process where the True Knowledge engine gets to better understand the content and thus helps it to show better answers.

For a comparison, here is the result returned by both the True Knowledge engine and the Google Search engine after searching for “Who wrote the novel Oliver Twist”.

Results returned by the True Knowledge engine:

true knowledge search

See how True Knowledge returns the results? It makes searching for known facts easier as it directly returns the answer along with a standard search technology results.

True Knowledge returns both results based on it’s own engine and a standard search engine. When it’s own engine doesn’t or can’t return anything, it then totally relies on a standard web search. Users can endorse or contradict results returned by the True Knowledge engine, this is supposedly done so that answers and results returned are more accurate.

Results returned by the Google Search engine:

google search

Although the results returned by Google Search engine will eventually help you find the answer you are looking for, it’s a case of searching again and again. Like reading though the content in the websites in the results returned.

Can you see the comparison and difference between results returned by both the Google Search engine and the True Knowledge engine? Quite noticeable isn’t it? Yes it is.

True Knowledge users have the ability to add information into the True Knowledge engine. As I mentioned earlier on, the process is very complex, needing the person who enters it in to enter a lot of fields and data about a fact or knowledge he wants to add into the engine. I tried entering some simple information and knowledge about myself under “David Koh”, and when trying to fill up facts about myself, I had to fill up so many other fields that had not been defined yet. Yes, I know what I’m trying to say here sounds really confusing, but just take my word on it that when trying to enter data and information into the True Knowledge engine is complex at best. Hopefully in the near future it’ll be much more easier.

The True Knowledge engine is a work in progress, and it heavily relies on information and knowledge added by users and people. As this is the case, the quality of the results returned by the True Knowledge engine will be increasing steadily. One downside of relying heavily on user added knowledge is that for now, there is just too little knowledge to e able to replace Google in my daily uses. Maybe in the near future it’ll be able to be one of the top search engines used by people. Maybe :)


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