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. :)
Thus far, I am part of AGLOCO and myLot. Any other reputable online income sources out there?If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).