Do you know how Mylot makes money in this business

United States
January 10, 2007 3:31pm CST
I am curious how much Mylot.com makes and how do they make it. There are 55000 users on mylot and if they pay 50 cents to everybody on average they are paying $27,500 per day that is $825,000 per month. They need to make 1 million dollars per month to almost breakeven. I can see google ads (adsense) here but I am not sure how many of us click on them to make money for mylot. Any guesses are welcome here on how they may be making money and how much.
3 responses
• United States
12 Jan 07
Please note, mylot may credit everyone's account with 50 cents a day, but mylot doesn't actually pay it out till they reach their minimum payout of $10. Those accounts that never reach their minimum payout don't cost mylot anything.
@hasseyg (312)
10 Jan 07
The site generates a lot of traffic therefore businesses pay a lot of money to host adverts on the site.
@darshakk (2141)
• India
10 Jan 07
Well nice topic and even i wonder that how mylot earns so much????????????