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Helping Canadians with Personal Finance Since 2006

Increasing Passive Income Online – With myLot

As stated in my financial goals for 2007 post, one of my goals is to increase my passive income. Thus far, our only solid passive income has been from our rental property ($250/month cashflow). My goal for the year is to increase our monthly passive income to at least $500/month hopefully by increasing our online income.

One source of potential online income is with AGLOCO where you get paid to surf the net. The real power of AGLOCO is if you build a large network of referrals. So far, between my wife and I, we have 49 referrals. How are we getting our referrals? Mostly through telling our friends and family along with the scatter signup from my blog readers. The key is to sign up the go getter, those people will build your network for you!

With AGLOCO in the horizon (7-10wks) how do I plan on making online income now? One solution that I came across was a site called: myLot. The great thing about this site is that they pay you (USD$) for simply posting messages in a discussion board or uploading pictures. You can pretty much post about anything. The payout is pretty pathetic where they pay you around $0.02 / post, however, they also pay you 25% of your referral income. So, as other online businesses are structured, your income is dependant on the number of active referrals you get. How does myLot make money? I believe their primary income source is through online advertising.

What I like about myLot is that it’s easy to join, it’s completely free, and they pay your PayPal account when you reach a minimum of $10 in your account. I haven’t received a payment from them as I just joined yesterday, but I already have $0.05 in my account. :) If you are a fairly active forum poster anyway, why not join myLot? No risk to you and I can use you as a referral. :)

Click here to join myLot

Thus far, I am part of AGLOCO and myLot. Any other reputable online income sources out there?

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8 Comments

  1. Final Fantasy Game on January 8, 2007 at 3:33 pm

    Where do you find these motivated types who will go out and actively recruit new AGLOCO users?

  2. FrugalTrader on January 8, 2007 at 5:32 pm

    These people are usually entrepreneurial types. Just think about some people that you know that are half business/money minded and tell them about AGLOCO. They’ll be all over it.

    FT

  3. soundofgold on January 9, 2007 at 12:01 am

    I never knew about myLot until I read your article. Thanks for the info I will check it out.
    AGLOCO – any news on when is their toolbar coming out? Its kinda no fun out if the system is stil not fully operational.

  4. FrugalTrader on January 9, 2007 at 6:23 am

    Hi SoundofGold!

    I haven’t heard any recent news about the AGLOCO toolbar. The latest news I heard that was it’s due to be released in about 7-8wks. Like I mention in my AGLOCO article, it’s time to build your network now before it is released and it’s common knowledge.

    FT

  5. Shokal on January 10, 2007 at 8:42 am

    Try http://www.triond.com for passive online income. Great opportunity.

  6. canadian dollars on January 10, 2007 at 8:38 pm

    Shokal, how does triond work? Can you sign up even if you have a blogger?

  7. Chris Austin on February 4, 2007 at 1:04 am

    Hi, I just stumbled across your site.
    Congratulations with the passive income from the property investments. I am an engineer who’s been playing that game for about 5 years now and it is great to see the passive income grow. When you hit a tought spot with one of your properties, and you will, don’t let it wear you down and rember why you are doing it. Good luck!

    Cheers

  8. FrugalTrader on February 4, 2007 at 9:04 am

    Hey Chris!

    Thanks for stopping by. Over the 5 years, how many properties have you accumulated? What city do you live in?

    I’ve had fair share of hardships with rental properties, been through it all. It just so happens that my current property is working out well so far.

    FT

  9. […] I started using MyLot, the site that pays you to post messages, but it requires quite a bit of time and effort. I could put in the effort, but I’m really short on the time aspect these days. Thus far, I have posted around 23 messages which are a combination of unique posts and replies with earnings of $0.80 (3.4 cents/post). However, in MyLot’s defense, there are some members who are making at least $25-$35/month. It just depends on how committed you are to posting on their site. […]

  10. More AGLOCO Information - Million Dollar Journey on February 7, 2007 at 9:49 am

    […] That’s all for now. When I last reported on AGLOCO, we had 49 referrals, as of today, we’re up to 67 referrals. It doesn’t take much to build your network, just tell all your friends and get them to spread the word. It’s an easy sell and it’s free. If you haven’t started your network yet, start now by clicking here. […]

  11. […] There is a sense of community in the forums, not just people looking to make revenue from their postings like MyLot. […]

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