Kooday - An innovative way to earn!
By ElscottHavoc
@ElscottHavoc (180)
United States
August 3, 2010 10:57pm CST
If anyone wants to join this site, please go to my profile and click on my blog. From there, you'll find a variety of sites including the one I'm going to talk about that you can join up and start earning money. You can also PM me and I'll send you an invite.
I'm rather excited about Kooday, because for one, it's entirely new and unique. I haven't seen anything like it, so that's exciting and I think it has the potential to be one of the biggest money makers on the internet. But I recommend joining up fast, and for good reason, but I'll explain that later.
Essentially, Kooday is a search engine, but it has a slight twist. Rather than the search engine receiving all the profits from searches, members have the opportunity to earn money by owning key words, and furthermore money received from links to them and referrals. I've already nearly doubled my investment there, and the site pays through PayPal. I'm going to cash out here soon just to check their legitimacy, but so far things have been very good.
If you want to earn absolutely free, you can simply refer people and earn an income based on their transactions. However, the real profits are by buying and selling key words. Here's how it works:
I deposit some money from PayPal into my account at Kooday. $1 is equal to 1 Kooday Dollar, but there is a transaction fee accessed for each time you do this. Once you've done this, you can begin to search for a key word. Let's for instance say you want to buy the key word "Moose", you'll probably find it's for sale at $.10. You now buy it and own it and any time someone buys a link to that key word you get a small percentage, plus if someone wants to buy it from you they have to pay 15% more than you paid, and you earn that extra profit. But, if you want to buy it back, it'll cost you 15% than what they paid.
You may also find, some key words already cost more, most likely because people have already purchased them before and have been raising the prices and others are just popular from the get go, such as Facebook.
Every time you purchase a key word, you'll also recieve Profit Share Credits. Even if you bought an ad and it was purchased back, you'll keep those credits which pay out a residual amount each week per credit. Right now, I have 215 credits which look to be worth (according to the very first week) $.006 a piece. That's another $1.29 per week or $67.08 a year. If I keep reinvesting, that number will keep rising as well, plus by gaining referrals, you can further produce even more income for their transactions.
Now for some negatives. The site is still new, so there's some leery feelings I suppose on their legitimacy, but so far I feel safe. I haven't invested anything I can't afford to lose, and if things are alright, I'll have made a quick profit that will continue to rise as the weeks continue. In a way, I've paid $20 bucks so far to earn potentially nearly $70 just through Profit Sharing Credits.
The other issue I see, which is really just an issue for those late to the band wagon, is the fact that prices are always on the rise. You can't expect to sign up months from now and just join in, because by then most of the good key words will have sky high prices. Not that you couldn't buy in, but right now it's a lot cheaper to at least get a foot in the door so to speak and the risk of buying in is much lower.
Also, Kooday is attempting to become a search engine at a time where there are already some pretty well established search engines, such as Google, Yahoo, MSN, Bing, etc...all of which have great track records and are quite steep competition. If you figure the people using the search engines are most likely members, then we must look back to the fact that as time goes on, less and less people may be able to afford to join into the scheme; therefore, potentially less people using the search engine.
Alas, those are my feelings both good and bad, but my end thoughts are that this looks to be a good source of income for those that get involved right away, and that's the simple truth and I'm not saying that to direct quick referrals. It's just the way the site will end up being I feel.
Hope you have a better understanding of Kooday now! Happy earning!
4 responses
@sn_2818184 (328)
• Hong Kong
4 Aug 10
They announced officially that they are handling the payment of July. We should soon know if this is a scam.
Yet, as this site is completely run on user paying submitting links, I already see people putting unrelated site to keywords to gain exposure. If Kooday is not doing anything to control this, I doubt if there will be anybody using this search engine. The worst case may be turning into scam, so be careful.
@skkalra (966)
• India
4 Aug 10
Hello
I completely agree with your doubts..and was wondering for linking sites to the keywords..
But at the same time, I expect this site of being legit and shall pay..If you look deeply, you will find its oour money going from hand to another hand..
Good luck
@johnnykay (1056)
• Hungary
4 Aug 10
well, it's a nice explanation of Kooday! Thanks for sharing it! I hope I'll make a lot of money with the site, because I really like this new way of earning! I only have 3 or 4 keywords, which worth $5.31 so if I sell them all, I'll have only 30-40 cents profit! I hope reinvesting the money I earn from keywords I'll be able to earn much more! Too bad, that my referrals don't invest any money to buy keywords, so I haven't got a single penny from their invests and earnings...
Have a nice day!
@suresh246 (94)
• India
4 Aug 10
hi ElscottHavoc
i know this kooday programme and i don't know how to operate it pls explain and why they paiy us and which reason to pay if you don't mind pls mail me sureshkumar4u4@gmail.com
@suresh246 (94)
• India
4 Aug 10
hi ElscottHavoc
i know this kooday programme and i don't know how to operate it pls explain and why they paiy us and which reason to pay