what can i do with $50 to make money online?
@sutanhartanto (4122)
Indonesia
October 7, 2008 2:22pm CST
once i get paid from mylot this months, my balance in paypal account will be around 50 dollars. that's a "free money", and i plan to invest it to get more earning from the internet. so far, what i know about investing on the internet are :
1. buying referral or premium membership in ptc programs. i think i won't choose this alternative as recently ptc sites, even the most legit ones, seems to scam their members. so, buying referral won't be a good investment.
2. buying a "training program" which costs about $45 - $60. in the online course (it's usually web based), we can learn some certain ways to earn money from the internet. it includes affiliate marketing, transcription, writing articles, creating blogs/sites. i have ever buy two programs like that. so far i can optimally apply what i learn from the program. i cannot say that i am being scammed, but i won't buy such a program anymore.
3. buying e-books with MRR (master resell right) and PLR (private label right). i won't also choose that, as i can get such ebooks for completely free.
so, friends, i believe you are more experienced than me in making money online. i will highly thank you if you can share your experiences in making real money, without or with investment up to $50. it's will be nice if you have proved yourself how effective the program you are using. i will consider it, and i will be very happy to be your referral if i think the program is promising and i am interested to the program. thanks in advance for sharing it here.
8 people like this
8 responses
@rosettaresearch (1285)
• United States
7 Oct 08
You're not going to like my answer. Take that $50 and put it in an online savings account, like ING or HSBC. This is a real bank that is federally insured. It also earns a very high rate of interest. This is the only guaranteed way to make money online. If you invest in programs, you run the risk of losing it. If you buy referrals, the referrals might not do what they need to do. You have this free money, stick it in a savings account and let it grow. Maybe not as fast as you think it will in some online programs, but it will definitely grow. You cannot say that for sure about any online program.
4 people like this
@jands1 (835)
• United States
8 Oct 08
I agree with rosettaresearch to an extent. I think one should also look at solid investments. For example here in the USA, with $50 one can open an IRA account. Either Roth or Traditional. One can buy I Series Treasury Bonds. Both are all very solid.
I'm a firm believer in investing in yourself. Even if it is a tiny amount, it does add up over time.
Happy MyLotting!
@rosettaresearch (1285)
• United States
8 Oct 08
Yes, but that $1.75 is guaranteed money. Nothing online is guarnateed. Plus, you get your $50 back too. If you invest online, you might not even make $1.75 and your $50 is gone.
2 people like this
@voodooengine (34)
• United States
8 Oct 08
I would also agree but a couple things to remember $50-$100 is not going to make you a lot of money in a online savings account. Consider the interest of 3.5% which is currently being offered from FNBO Direct you would only make $1.75 for one who years worth of interest. Your best bet I would think is getting into paid blogging, or some type of program like that. I save a lot of my money, but I make enough to reinvest.
@kekexinfeng (1295)
• China
8 Oct 08
Hello,you are great,I have never recieved so much money!I think you can do a lot of things,for me I will buy an intresting thing to award me,good luck,wish your post recieve more response,then I can learn when I get $50,what thing I can do.
@sutanhartanto (4122)
• Indonesia
8 Oct 08
he keke, thanks for supporting! you are also superb. i believe you can reach that amount soon hahah, that's nice to award yourself a prize for hard work you have done. thanks for sharing it here.
1 person likes this
@sutanhartanto (4122)
• Indonesia
8 Oct 08
forex trading is a good alternative. have you ever try that? and, what do you think? is it still profitable to invest money on forex trading in this current economical situation? but i guess if we can learn more about the trading, this unpredictable financial situation can be an advantage instead of a defect. thanks for your advice
2 people like this
@cristine3276 (893)
• Philippines
8 Oct 08
Why not invest at ipaydaily.com, a stable HYIP. Your money will yield about one percent compounded daily. I started to invest here with only one dollar, after several months it is now more than five dollars. You will earn more because you have a bigger capital to invest.
@sutanhartanto (4122)
• Indonesia
8 Oct 08
ipaydaily.com....well i never hear about that. but, it sounds interesting. so it's like in several months you will get profit about 500% of your investment, right? wow, that's wow. thanks for sharing it here. i will learn it more .
@sutanhartanto (4122)
• Indonesia
8 Oct 08
independent music that's something new. but i know nothing about music. but maybe that's also good opportunity. thank for sharing it here.
2 people like this
@24Champ (465)
•
7 Oct 08
Well, with $50 you may like to pursue your second option, i.e., if you don't like any risky investments.
But if I'm in your shoes, I would invest it in three of the trusted sites in the net, i.e., megalido, safeatom, or tradelite. All three have medium risks but they have been around for quite some time (especially the latter two) and they have many satisfied customers. I have accounts in all of them.
4 people like this
@sutanhartanto (4122)
• Indonesia
7 Oct 08
trusted sites? i heard about this kind of investment but never pay enough attention on it. thanks for reminding. i will learn it further. do you make money from the sites? is it worth to invest there? thanks for sharing it here.
2 people like this
@vidhyavini (6111)
• India
8 Oct 08
I have not read all the responses this discussion got. But I am sure that someone must have given an idea to do investment in Qyao.
Definitely Qyao is a trusted site. But its very complicated site. If you want to clearly understand about that site, then it needs more effort. You have to spend your time fully over there. You won't be able to do any other things.
I am also in Qyao. I invested my $10 in that. I am in that site for a month. But I still don't have the clear idea of how the site works. That site is good for the one who can spent their time in it fully. I am not that kind and so its not working for me. If you are much interested in that and if you feel that you can spend your time there, then do your investment there. It will be the best choice. Otherwise don't do that mistake.
I am not gonna give any plans for investing. I feel that its better to have it with yourselves. Lol.
1 person likes this
@sutanhartanto (4122)
• Indonesia
8 Oct 08
thanks vidhya, that's a wise advice, to have it with myself.
yes, a respondent recommend Qyao. but, thanks for this useful additional information. i think i can my full time on qyao, especially if it keep me from posting on mylot LOL.
@karnavshah (72)
• India
10 Oct 08
hi friend,
You took a lot of time to reach your payout it seems.....
and u have scared me too.....
i did not think it will take such a big time to reach the payout.......
But as u said it i have to believe u ........
please if u dont mind can u give me some tips to reach the payout?
thanking u in advance and waiting for your response
1 person likes this
@sutanhartanto (4122)
• Indonesia
12 Oct 08
oh, no. don't be discouraged. it is only the first payout which took a long time to reach. after the i reach and even over the minimum payout every month. it's my fault. in the early days i am on mylot, i just post and post, many of them is just low quality and one-line post. i think the more i post, the more i get. i never paid attention to the other experienced users here, that we are to post quality posts if we want to earn more. and recently i start to improve my quality of post (at least my number of words in one post LOL), and i found the different. my earning increased significantly without posting lots of posts. just a few but lengthy and 'meaningful' post. so, good luck to you too. remember that quality really matters here. that's one of the secrets to earn more on mylot.