Can I Make Money with MyLot?

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What is myLot?

Note: There have been a lot of changes at myLot since this article was originally written. Although the thrust of the article remains true, some elements are no longer accurate. Please make sure that you read the important updates at the end of this article for a balanced picture.

Having previously reviewed the pros and cons of using crowdsource websites, Amazon Mechanical Turk and Microworkers to generate some extra income, I thought I’d turn my attention to how to make money online with MyLot, a very different sort of earning program.

MyLot is basically a social network site in the same vein as Facebook, but with myLot you make money by posting comments, uploading photos, starting discussions etc.

Sounds appealing, doesn't it, but what are the pros and cons?

MyLot offers the opportunity to earn online from a computer just through social networking.  The idea is that you can have fun, socialize, and make money at the same time.
MyLot offers the opportunity to earn online from a computer just through social networking. The idea is that you can have fun, socialize, and make money at the same time. | Source

First Impressions and Signing up to myLot

The MyLot site’s appearance has none of the simple elegance of Facebook and is unnecessarily cluttered, in my opinion. There is also a full page advert that wants to load up on their front page if you go there from Google, which is a little irritating.

The sign-up process for MyLot is pretty simple and straightforward, though. You fill out a form with your basic info and that’s about it. You don’t have to enter your mailing address or bank details, as anything that you earn online will be paid straight into your PayPal account by myLot.

From your PayPal account, you will then have the option of transferring your earnings to your regular bank account if you wish, or you can just spend it on one of the many PayPal friendly online stores.

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Using myLot

MyLot works in a similar way to most other social networking sites, such as MySpace and Facebook. As I mentioned earlier, you make money online with MyLot by posting comments, uploading photos, starting discussions, adding friends, messaging people etc.

My only quibble would be that, as I mentioned earlier, the myLot site feels a bit cluttered and it takes time to get used to.

Also, there is a minor difference of emphasis from sites such as Facebook and Twitter in that much of the social interaction on MyLot revolves around starting and participating in discussions, (rather than the Facebook/Twitter system where each user has his or her their own “wall” where they and others post to).

Earnings and Payments

The exact formula that myLot uses to calculate how much you earn is not made public, but it’s based on the amount of activities such as posting comments, uploading photos, and starting discussions that you do to make money. The more active that you are on the site, the more you'll make money.

Alternatives to MyLot

If you are just looking for an easy way to earn a few bucks fairly quickly, then I would recommend Bubblews.

Bubblews does have a lot of similarities with MyLot, you write very short articles/posts and get paid for interacting with other users. The earnings rates for Bubblews are far higher than for MyLot, however.

The Bubblews site can be a bit slow and glitchy from time to time, and they've raised the payment threshold to $50 - but I have earned several hundred dollars there over just a few months, expending minimal effort.

Amazon Mechanical Turk is another site that makes earning quick and easy, although payment rates have generally been on a downward trajectory for a number of years.

A full list of alternatives, plus reviews and recommendations can be found at my online earning blog: MTurkish Delight


I can only tell you of my own experience and what other users say regarding earning rates, so the following info may not be an entirely accurate indication of the sort of sums that people earn. I visit the site on a daily basis for about 10-15 minutes each day, start a discussion, post a few comments upload a photo, and I make about 5-10 cents/day. There are site users on there who are more active than me and say that they typically earn a dollar a day or more, however.

Another factor in the rate that you make money is the myLot points that you gradually build up over time (a bit like a hub score?). The more experienced myLot people who use the site for longer periods and interact more tend to have much bigger scores than myself, a relative rookie who’s only on there for 10 or 15 minutes/day. I would expect to make money at an increased rate over time, however.

The other thing that I should mention is that there is a $10 minimum earnings threshold before they pay you. This can seem a little frustrating when you’re only bringing in 8 cents/day like me! If you enjoy social networking, however, and don’t mind spending a little time on the site, then you are getting paid for doing something that you do anyway, which can’t be bad!

In summary I'd say that you will make money if you join the MyLot site, but I would keep your expectations pretty low in regard to earnings!

The Pros and cons

Pros

They pay you money for social networking!

Social networking is fun, you meet new people and make new friends!

Cons

Navigating their website takes a little time to get used to, plus the site has full screen ads which can be annoying.

Earnings are generally very low - cents, not dollars in my experience.

There’s a $10 minimum earnings threshold to achieve before they pay you, given the low earnings it is difficult to reach!

Conclusion

In answer to the question: Can I make money with MyLot? my answer would be: yes, but not much. There are better ways of earning money online, in my experience. But there are some people who find MyLot fun, so maybe money isn't everything?

You will find more reviews of earning websites at my blog: MTurkish Delight

Since this review was written, MyLot has completely changed its business model and is now no longer an earning site.  So that means the short answer to the question of can I earn with this site is no.
Since this review was written, MyLot has completely changed its business model and is now no longer an earning site. So that means the short answer to the question of can I earn with this site is no. | Source

Important Update! (May 2013)

MyLot has recently radically revamped itself and is no longer an earning website. I had pretty much stopped visiting there anyway, as the negatives for me had quickly begun to outweigh the postives, the main reasons being:

  • Very low earnings
  • Slow and glitchy website that was hard work to use
  • Far more low quality content on there than good

I hope their revamped site is more successful than the old one. I don't think I will be using it though.

Important Update! (August 2015)

MyLot is once again an earning website. For a time after the revamp of the site, there was no way to make money, but that has now changed.

I haven't had a great deal of time to explore the new site. My old log in details still work, however, and my old profile details are all still up there.

My current earnings are showing as a big fat zero. I guess I will have to engage with the site to start earning again.

The new site certainly looks more sleek and is less clunky to navigate than the old days. The advertising appears to be less intrusive too.

I will keep you posted.

Comments 25 comments

Barkley Rosehill profile image

Barkley Rosehill 5 years ago from Philadelphia

It sounds as though the payout may not be so great, but if MyLot allows back-linking it may prove to be a profitable journey worth taking. Paul, if I sign up for MyLot will I be able to use it as a resource to add back links for my hubs?


PaulGoodman67 profile image

PaulGoodman67 5 years ago from Florida USA Author

I've not tried back linking there. Though I probably should. One irritation is that they don't let you copy and paste under general circumstances, which is the most useful method for copying links.


Jeannieinabottle profile image

Jeannieinabottle 5 years ago from Baltimore, MD

Thanks for the info. I never heard of MyLot until I read this. I always like to try new networking sites.


PaulGoodman67 profile image

PaulGoodman67 5 years ago from Florida USA Author

Thanks for the positive feedback! :-)


Alexander Mark profile image

Alexander Mark 5 years ago from beautiful, rainy, green Portland, Oregon

It seems like it is getting easier and easier to make money writing online. The payout threshold isn't so bad, Adsense is a 100 bucks I believe, but 5 to 10 cents a day seems a little low. But when I signed up for HP about 2 years ago, it wasn't a place to make an income, but now it is possible - so who knows what the future holds for sites like MyLot. Thanks for the interesting hub.


PaulGoodman67 profile image

PaulGoodman67 5 years ago from Florida USA Author

Yes, you're right, $100 is one heck of a threshold! :-)

Thanks for your comment, Alexander. I wanted to "big up" myLot, but found myself opting for honesty instead. I don't think there's many people on there making much more than $1.50/day. Having said that, it is fun to do and requires no skill or real effort, unlike HP! :-)


Alexander Mark profile image

Alexander Mark 5 years ago from beautiful, rainy, green Portland, Oregon

Ha ha! Some people do publish on HP without skill and effort, but you and I do not belong to that category thankfully.


WannaB Writer profile image

WannaB Writer 5 years ago from Templeton, CA

I just joiined MyLot two days ago, and my biggest frustration is not being able to paste even a sentence to move it from one place in my writing to another. I use it constantly when editing, so it's a habit. I forget I can't do it on MyLot. I think you have to have 500 points before you can, and I'm only up to 34 after two days. This can get very tedious.

The other frustration is those ads you mentioned. Those ads always seem to pop up when you want to go to a different page and they want you to enable 3rd party cookies for the ad site. I have to close the tab and type the MyLot URL in again to get where I was headed.


PaulGoodman67 profile image

PaulGoodman67 5 years ago from Florida USA Author

@WannaB - Yes, the ads are annoying on MyLot and not being able to cut and paste can be tedious - I guess they are concerned about spamming, plus they pay you according to how long your comments are, so copy and paste would mess up their payment system. I've not found the overall earnings to be great either, compared to something like Hubpages, although Hubpages requires far more effort to reap any rewards and is a different sort of set up.

Have you tried RedGage? It has some similarities with MyLot, but I think I prefer RedGage to MyLot and the earnings are better there, I would say - although the site can sometimes be glitchy, which is a bit irritating at times. The RedGage community seem pretty friendly though. I wrote a hub on Redgage and plan to add updates to my earnings and stats as I progress.


WannaB Writer profile image

WannaB Writer 5 years ago from Templeton, CA

I've been on RedGage for at least a couple of years and have made some money, but the interaction is more tedious, I think. Comments are often shallow and I prefer more challenging conversations than trying to think up great replies to comments like "pretty." Those sorts of comments seem to get booted off MyLot. Also RedGage is slow sometimes and I hate having to log in again every day. But it's good for backlinks.


PaulGoodman67 profile image

PaulGoodman67 5 years ago from Florida USA Author

What I like about RedGage is that once you have stuff uploaded, you earn money even when you do nothing. I have only been there a month, but will earn 20 or 30 cents even when I don't upload anything new. MyLot doesn't require much effort, but you have to keep going there and writing stuff, if you want to earn.


WannaB Writer profile image

WannaB Writer 5 years ago from Templeton, CA

Paul, that's true. It is also getting hard after only three days to keep thinking up new discussions to start that someone else hasn't started already, since we aren't supposed to duplicate discussion questions.


yesthereishope profile image

yesthereishope 5 years ago

Wow, I have never heard of mylot, but this sounds like an interesting thing. I will check it out. Thanks!


Angel 5 years ago

Great information on myLot! Check out my website, it's all about myLot! http://mylotfun.weebly.com/


Techbook profile image

Techbook 5 years ago from India

Hi Paul, Let me surf Mylot as I didn't know about it.

regards,

Techbook


Ureka IT 4 years ago

I read some articles on the blog. I am happy to know some rules and regulations about micro workers and amazonmechanicalturk. Actually I was looking for discovering the method of work on mturk. I am amazed to know the detailed procedure.


sophy 2 years ago

Hi Paul

have u tried inbox dollars.


PaulGoodman67 profile image

PaulGoodman67 24 months ago from Florida USA Author

Yes, I have used Inbox Dollars in the past. It is okay for 50 cent surveys etc. You can earn a little extra spending money there, though it won't make you rich.


cmoneyspinner1tf profile image

cmoneyspinner1tf 16 months ago from Austin, Texas

Great review of myLot! Signed up yesterday. Too soon to brag. Meaning when I see real money in my PayPal, that's when I willl shout! But the experience so far has created a good first impression.


Mylot 15 months ago

Mylot is paying again

Make money. Make friends. Have fun!

myLot is an enormous discussion board, blogging community, questions and answers hub, social network and online hangout that pays you for your valuable contributions.

Born in 2006 and rebooted in 2015.

https://www.youtube.com/watch?v=FbHH6wAkOU8


Owlwings profile image

Owlwings 13 months ago

An interesting and fair article on the whole but the comparison with Facebook is unfair. Although MyLot can be described as a 'social site', it is no more like Facebook than, for example, Quora or Yahoo Answers.

Since the changes in August 2015, the earnings program has been changed and the emphasis is much more on 'interaction' than 'activity' - in other words, your earnings are dependent on how others interact with what you post. The more responses, comments and likes you receive, the better you will earn. This could actually mean that the pattern of working you describe might earn you considerably more than the 5 to 8 cents a day you mention here.

I have written a tutorial to MyLot which people may find useful when starting to use the site: http://how-to-use-mylot.blogspot.co.uk/


peachpurple profile image

peachpurple 8 months ago from Home Sweet Home

in a day, how much can you earn? I heard you need 1000 comments to get $10


Owlwings profile image

Owlwings 8 months ago

@peachpurple Some people are managing to make $1 a day ... on some days. Several have reached the minimum of $10 every month.

Earning has little to do with the number of posts you make. It depends very much on how much others interact with your posts. It is impossible (and irrelevant) to make any statement like '1000 comments for $10' because it simply doesn't work like that at all!


cmoneyspinner1tf profile image

cmoneyspinner1tf 8 months ago from Austin, Texas

@peachpurple ~ I agree with @Owlwings. Don't know how the algorithm works but do know earnings accumulate quick in my account. I like the site. It's great for down time, in between working on my other work-at-home projects. Of course, if you have the time to spend time at the site, then do it. Good people hang out there and the interactions can get lively enough to generate some KA-CHING! :)


cmoneyspinner1tf profile image

cmoneyspinner1tf 5 days ago from Austin, Texas

So it's been over a year that I've been at myLot. Coincidentally, your last update for this HUB is the same month that I signed on. Aug 2015. If someone were to ask mr if they should hop on the myLot train, I would have to tell them: (1) Joining was easy. (2) Writing is easy. (3) Making friends is easy. (4) Earning some extra income is easy. It won't make you rich. But you won't feel like you're wasting your time either! :)

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    Comments 3 comments

    Teresa Schultz profile image

    Teresa Schultz 5 years ago from East London, in South Africa

    I can't work out from your review if the earnings for one's efforts at MyLot are on-going or if they are only once off for every activity one does. If they're on-going, then I may consider having a look at it sometime in the future - just so busy with many other things right now, that I don't think these low earnings on MyLot are worth spending much time on investigating right now - for the future though, any place that can earn one a passive income, no matter how small, is worth a consideration at least. Keep us updated with how it goes for you on MyLot.


    PaulGoodman67 profile image

    PaulGoodman67 5 years ago from Florida USA Author

    You earn for each activity, Teresa. It's worth doing if you're into social networking and enjoy spending time chatting etc. But there are no ongoing earnings from adverts etc.


    WannaB Writer profile image

    WannaB Writer 5 years ago from Templeton, CA

    I'm still a newbie at myLot, and I think it has a place in an overall income plan. I will be writing some hubs on my experience there. Mylot is great for practicing your skills and using a few minutes here and there to make a few extra cents. So far in five days of myLot I've made $4.15, whereas for this whole month I've only earned $2.32 on HubPages Ad Program and proably much less here from Adsense, where , last time I looked, I had earned only about $23.00 for all my sites over a period of over two years. So the prospect of making $20-$30 a month on myLot alone doesn't seem too shabby. I also love getting into discussions, so I enjoy it. While I'm playing over there and watching the pennies add up every day, my lenses and hubs are making a bit of residual income. To each his own.

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