Should be minimum payout be lowered on increaseD?
By ronaldinu
@ronaldinu (12422)
Malta
December 6, 2008 9:38am CST
Should Mylot minimum payout of 10 US dollars be lowered or increased? Do you think that it is too steep for newcomers and this might discourage them to continue posting here? On the other hand don't you think that if the minimum payout is increased it would mean more work for the administration?
11 people like this
32 responses
@antioxidant (438)
• Australia
6 Dec 08
I think 10 dollars is a little far reaching and can be off putting for some people. With a 10 dollar payout myLot probably doesn't have to pay as much as say a 6 dollar payout to users overall as some users would've left before reaching the minimum, so they save money. I guess they'll take adminstration into account first if they do decide to consider about lowering the payout minimum. I think it's more work with a lower minimum but as a user i want the minimum payout to be lowered.
2 people like this
@EAStanley (2688)
• United States
6 Dec 08
I agree. $10 feels like a LOT some days! It can be discouraging sometimes. I think that $5 would be a nice minimum payout. But, it is not up to me. I am sure that $10 is probably fair. But, I would surely be happy with it being changed to $5! *LOL*
1 person likes this
@moondancer (7431)
• United States
6 Dec 08
I think $10 is a good amount, but I don't cash out at that. I have mine set for $25. It's nice to have $10 there in case I ever wish to cash out early.
1 person likes this
@littleowl (7157)
•
6 Dec 08
Hi ronald...I think that the miminimum payout should stay the same, really it shouldn't discourage newcomers as it is a good payout also in other country's like here in the UK $10 is £5 and other country's currency's differ too so that has to be put into account...littleowl
1 person likes this
@Humbug25 (12540)
•
6 Dec 08
Hi ronaldinu
I think for a new comer it might be a bit daunting but it is a goal and a challenge, that is how I looked at it and made it. Well, I started halfway through a month and wasn't very active in those two weeks so I made it easily during the following month. If you find it too low then you can increase your payout total yourself!
@sweetdesign (5142)
• United States
6 Dec 08
I agree and disagree lol. I feel that $10 does greatly discourage newbies. My daughter is living proof of that she has been so down cause it seems she will never reach her first payout. You have to remember also that I newbie does not get paid on the same level as say someone with over 1000 posts.
I do disagree also because I feel it would encourage the wrong sort of poster. I think we have enough of that as is.
So I guess I just sat on the fence with this one huh?
@owlwings (43910)
• Cambridge, England
6 Dec 08
It is a complete myth that new people earn less than those with higher user ratings. MyLot pays according to the quality of posts and it is simply that new members tend not to understand that and post short responses. That is why they may tend to earn less.
1 person likes this
@sweetdesign (5142)
• United States
6 Dec 08
My daughter and I did an experiment one day and did the same exact number of posts (just responding to other people not starting our own as that would be bias to other people responding) and she got paid just a few pennies while I recieved 25 cents. I made sure that our responses were comparible and everything so there is a bit of a difference. My daughter was under 100 posts at the time and I was somewhere near 1800.
1 person likes this
@sweetdesign (5142)
• United States
6 Dec 08
We did this cause I was trying to prove your point that it didn't matter but guess what I was wrong. I hate when that happens. lol.
1 person likes this
@suspenseful (40192)
• Canada
6 Dec 08
I think it should stay the same. The reason is that it gives one more incentive to write. I, of course, love writing, but for those who do not and for those who write one word sentences or even two sentences, then it will make them think that 'hey myLot wants me to write and if I just write something that only gets a yes or no answer, then I had better ask relevant questions or do more involved posts.
1 person likes this
@kun2349 (23381)
• Singapore
6 Dec 08
$10 is just fine.. ALot of sites, are having $10 as the minimum.. After all in mylot, one is allowed to choose their minimum, so, increasing your own minimum is not a problem at all.. At least mylot is good in this way, because it allows us to choose, based on our capabilities.. Rather than mylot setting it too high, and everybody will be so stressed to hit the minimum that alot of nonsense discussions will be started.. haha
SO i do totally agree with what mylot is doing ^_^
1 person likes this
@jofeli (502)
• Indonesia
6 Dec 08
I think $10 will be just fine. It really fits the members. I think it's a way for us to always be active in this site and thus to make the site going on and on. Basically a $10 payment is not that far to achieve as long as we keep on posting. Actually I myself haven't got any payment so far although I have joined this site for about 8 months. Sometimes I got bored here so I leave the site for a while but then come back. For me it's not the money that's important in this site. It's the fun, the sharing knowledge and building friendship. Thanks and happy posting...
1 person likes this
@kerriannc (4279)
• Jamaica
6 Dec 08
I don't think that the minimum payout should be lowered. You have persons already fabricating persons responses. Can you imagine if it was lower to say $3. As for the second questions I don't really want to answer that one.
1 person likes this
@khan2abdul (416)
• India
6 Dec 08
I think that minimum payout of 10$ is quite well u have to be patience and sincere in posting and discussion but if it would be 5$ then it would be the best and i even think of increase in mylot population.
1 person likes this
@333tangtang (404)
• China
7 Dec 08
hi ronaldinu
i think depends on how you veiw of mylot..you try to earn more or enjoy here,though.
i became a memeber of mylot,for a month something like that..but i really enjoy here because i like to review the respondes here from mylotters.hehe
and you can earn money as well while you get to know some news and points from here. try and enjoy
cheers!!!
@owlwings (43910)
• Cambridge, England
6 Dec 08
Increasing the payout limit would actually mean significantly less work and lower costs for admin.
I think that the $10 payout is set correctly because it is actually achievable within a month (provided that people observe the guidelines and post quality discussions and responses).
To make it any less would encourage the scammers and spammers.
Since it is not one of those sites where one has to request payout (it pays out automatically once one's chosen payout level has been reached), I see no reason for reducing the payout level. You can, of course, choose to set it higher than $10 if you wish.
@owlwings (43910)
• Cambridge, England
7 Dec 08
I think I understand what you meant, Razcal. I have the advantage that I can sit here and read it three times whereas you type it once and press 'Post', LOL.
@owlwings (43910)
• Cambridge, England
6 Dec 08
The site is (and always has been) 'legitimate', honest and paying on the nail. There are quite enough new users joining already to make any kind of 'incentive' like that unnecessary. In any case, a 'lower first payout' incentive would only serve to encourage the wrong kind of people.
MyLot is NOT a money-making scheme. It is a discussion site that shares its profits with members according to the value of their contributions.
@rusty2rusty (6763)
• Defiance, Ohio
7 Dec 08
No, I do not think payout should be lowered. I managed to get pay out the first month I started on MyLot. I think new members need to remember the guildines and post stuff that will not get deleted and longer comments. They will see their earning rise up faster.
@bombshell (11256)
• Germany
7 Dec 08
i dnt think so.in my case there is 15 and thats enough and i am not trying hard to get pay out.i reply and post if i have time.its just killing time for me.
@srganesh (6340)
• India
7 Dec 08
I think the initial payment alone be set to a 2or 3 dollars.This will not be a great challenge for the new comer and it will be very helpful to gain confidence.After that,it shall be as it is now with 10 or 25 to our choice.This way,I think there will be more satisfied beginners.