has anyone done the math on mylot?
By grump0ne
@grump0ne (979)
United States
November 10, 2006 2:35pm CST
If you take the number of members to mylot and say the average of all earnings is just 50 cents per day, I know some make more but using this for example, than mylot has to pay out about 17000 dollars per day, about half a million dollars each month. than have some for themselfs. Does this sound plausable to any one?
6 responses
@bhbirdie6 (1765)
• United States
4 Dec 06
That's a very good point... but keep in mind... a lot of people will start on mylot and then decide that it isn't for them so what they've earned never reaches payout level. Also, some people set their payout levels a lot higher than others so they get paid less often. It's a risky formula but it seems to be working for them so far...
@smuggeridge (2148)
•
10 Nov 06
i don't reckon that many of the 30,000 members make 50c a day, theres probably loads of people who have accounts but don't actually use it, i have two referrals, but neither of them have earnt a penny. that number will actually be a lot lower than what you've come up with
@helpful_ideas (1620)
• United States
11 Nov 06
I don't think most members are as active as we are.
And since the earnings per member are based on a logarithm, I'm willing to bet somewhere in the equation is a factor that includes how much the site itself made to be able to only distribute less than that amount.
