Earn.com A Little Extra on the Side

A Photo of a Clock with Small Piles of Money Near It

 

A Photo of a Clock with Small Piles of Money Near It
This photo was generously provided by Nattanan Kanchanaprat and Pixabay.

(Post Updated: Feb 13th, 2018)

What is Earn.com?

Earn.com is a nifty site where individuals can receive and respond to messages from various organizations and other individuals in exchange for a few dollars. For example I’m a member[1] of a number of lists including:

  • Facebook Users
  • GitHub Users
  • HTML Programmers
  • Instagram Users
  • Pinterest Users
  • Reddit Users
  • Twitter Users
  • YouTube Users

When someone wants to communicate with a certain population of individuals (e.g. twitter users), they can send a message through earn.com which pays x amount for each response. Or if someone wants to communicate with a specific individual they can reach out to that person with a message and an offer of payment for a response.

Why Would Anyone Send Messages Using Earn.com?

There actual use cases where one would want to send a message a groups of users or a specific individual For example:

  • Send a poll to Facebook users providing images of two different potential ads and asking which one would interest them more.
  • Sending out some content to Pinterest users you believe will go viral in hopes that they will pin it and share it.
  • Sharing a link to an awesome new YouTube video.
  • Contacting a CEO of a company you believe will be interested in your product or service.
  • Communicating with a well-known scientist who might otherwise not see your email among the innumerable she receives each day.

The more general the group the less one is likely to get paid per message…but there are also all sorts of niche groups – for example digital currency investors, hackers news users, and so on. I tend to see offers from these a bit more frequently – the cryptocurrency related messages seem to pay especially well.

Is There Any Money In Using Earn.com?

Sure. You aren’t going to get rich off it, but it is fun and provides some extra pocket change.

I’ve been on the site for a while[2] and accumulated around $120 with relatively little effort.

But there is more to Earn.com than pocket change for the occasional message…

Using Earn.com to Monetize Your Email

Earn.com can integrate with Gmail (your choice, I personally haven’t integrated yet). When you receive an email from an individual or organization that you don’t necessarily want to spend time responding to, you can “bounce” the email to Earn.com to gauge how serious they are in their desire to talk to you.

The individual or organization receives a reply email from Earn.com that indicates how much it will cost them to receive a response from you. They can then choose to go find someone else to bother or, if they are really interested in what you have to say or really think their product is meant for you, they can pay up. You spend a few moments replying to their message, pocket the cash, and if it is something you are actually interested in, the relationship continues from there.

Granted, this isn’t something that is going to work for everyone. But if you own a business and are being constantly propositioned by sales people, one way to weed out those who are running through an address book name by name is to charge them a few dollars for a response. They will probably move on to the next name on the list.

Similarly, if you are a public personality of some sort (e.g. actor, author, blogger) and you receive a lot of communications you could choose to charge a few dollars to get a response.

Obviously, this tool could be used poorly. I wouldn’t recommend charging your own family and friends to contact you.[3] And if you are an internet personality I’d suggest not requiring payment for every correspondence. On the other hand, it might be worthwhile to bounce some of those requests for guest posts (or to review a product) to Earn.com to test their seriousness and to make a few bucks.

Bonus: Your Money is Bitcoin

You’ve probably heard the words Bitcoin, digital currency, or cryptocurrency being thrown around on occasion – whether on/in the news or by a geeky friend. You probably also know that Bitcoin is worth a lot of money – I mean thousands of dollars for a single Bitcoin. Unfortunately, there isn’t an easy way for folks to get Bitcoin without spending a significant amount of money at this point in time (kind of like buying gold).[4] But Earn.com keeps your earnings as Bitcoin. As such your earnings can increase with Bitcoin price increases[5] and you can cash out in dollars or in Bitcoin.

In general I’m not recommending buying Bitcoin at the moment (I’m not a financial advisor, so go talk to someone who knows what they are talking about to decide whether to buy or not) due to the significant price fluctuations occurring (and the likelihood that another technology will supersede Bitcoin), but I would suggest keeping your Earn.com earnings as Bitcoin.

What About Those Initial Coin Offerings (ICOs)?

There are tons of companies right now trying to get in on the cryptocurrency boom. Some are for real but many of them aren’t. Of those that are real it is almost certain a majority of them will fail. If you get an offer to buy into an ICO I recommend, in general, not investing. If you decide you really think it is worth investing in, be sure to do your own research and DON’T INVEST MORE THAN YOU CAN AFFORD TO LOSE!!!!

Closing Thoughts

Earn.com is a fun, free way to make a few extra bucks. It is also a way you can contact individuals (and actually receive responses) that you might not otherwise be able to converse with (e.g. CEOs or blogging personalities). Because your earnings are kept as Bitcoin you also have the opportunity to get into the Bitcoin market at no monetary cost (just a few minutes of your time).

For those who are confused about what Bitcoin is and how it works – don’t worry, I plan on releasing a few articles in the near future on how cryptocurrencies work.

 

  1. [1]You can see my profile at: earn.com/davemackey/referral/?a=aj1r4df6vzgufrio
  2. [2]I don’t recall how long, long enough that I was on it before it was called earn.com
  3. [3]Doing so may result in the loss of said family and friends.
  4. [4]It used to be one could “mine” Bitcoin using one’s computer. These days there are specialized machines mining Bitcoin which make it almost impossible to earn anything significant using one’s own computer.
  5. [5]That is how I hit $120 so quickly….the value of my earnings increased with the increasing price in Bitcoin!

So You Want to Work From Home….

Photo of Margaret Mackey with Kittens Typing

kittens at workYou’ve heard the ads, perhaps dreamed of working from home. You envision yourself positioned in your own little office in the spare bedroom or a cozy corner of the kitchen, working away while the children play quietly nearby, the dog sleeps by your feet and the money just keeps dropping into your bank account as you faithfully apply your skills.
As a seasoned medical transcriptionist with nearly 11 years’ experience, I’d like to take this opportunity to share with you some of the ups and down of working from home.  There are many reasons people choose to work from home and certainly there are a lot of benefits from doing so.  For me, my venture into this lifestyle started when my marriage fell apart and I was suddenly the sole provider for myself and the 3 of my 7 children still at home. I had been a stay-at-home mom for over 22 years and the thought of diving headfirst into the regular workforce was terrifying. I think it was a real saving grace for me and for my kids that during this time of great upheaval in our family I was able to still be the at-home-all-the-time mom while being able to work and provide for us. Being able to avoid the need for before and after school care and the predicament of knowing you really need to be in the office when your 6-year-old is running a fever significantly lessened the load for all of us. Snow days weren’t a problem, because I was home. Teacher conference days, Christmas break, summers….all were handled with so much more ease because I didn’t have to feel quite so pulled in both directions. I know a lot of women seem able to juggle working outside the home and family and do it really well…but I will always be grateful I had this opportunity to remain in my home full time.

So, for me having the chance to work from home really was a lifesaver and a blessing and I do encourage mothers (especially mothers with young children) who need to work to consider working from home. But, there are also special challenges and drawbacks and I’d like to present some of those here, because I think knowing what you’re up against can strengthen you to face the challenges and still achieve your goal of working from home.

obed at workThat picture of the kids playing quietly and the dog by your feet? Yes, it happens sometimes…maybe once or twice a year?! Seriously, one of the biggest challenges to working from home is that because you are home everyone assumes that means you’re available…the kids, the neighbors, the dog, the cat. There have been so many times I’ve been on a roll typing away when one of the animals would get sick, or the dog would bark to go out. Then there were the times I would spot something outside my window…yep, the goats had broken out of their fence again and were running down the road or worse yet, heading for the neighbor’s garden! So keyboard tossed aside and a dash out the door to do a little mid-morning goat wrangling, or clean up after the dog, or answer the phone and talk for a few minutes with a lonely grown daughter in another state. I found the best way for me to handle distractions like these was to work either early in the morning (really early, i.e. 4 a.m.) or late at night, after kids were in bed and life had quieted down. Some companies will allow you to choose your own schedule and are pretty flexible while others are very rigid. If you can choose to work when there are fewer distractions that’s great. If not I think establishing firm boundaries right from the beginning is a key. Set up your answering machine stating that you are working and will return phone calls when you are finished. We have a code in our family that if we are calling home and really need someone to pick up the phone we call 3 times in a row. That is the signal that somebody needs to answer the phone right away! So you can either use caller ID or a code or another idea of your own so you are accessible in emergencies, but really try to guard yourself from phone interruptions.

Teach the kids right from the beginning that you are not to be interrupted while working unless it is urgent…and be clear on what is urgent. The younger your children the harder this will be. Of course when the goats escape…there’s nothing to do but catch them!

goats4Working from home can be pretty lonely. I’ve spent decades at home…first as a full time stay-at-home mother and then as a working-from-home mother. While there is no workplace drama, there is also no workplace conversation or adult companionship. So, you have to find that on your own. Scheduling in coffee with friends or other activities that feed your soul can help to revitalize you and keep you sane, sometimes literally!
Some of the other positives include being able to keep handle on running the home with a little more ease than a mom who has to be gone from her home all day…you really can get 4 loads of laundry done and be there to turn off the oven when the brownies are done baking. And I believe scheduling a break so you can be there to greet the kids when they arrive home from school is a priceless gift you can give them, and yourself. I also scheduled a break when my kids were getting ready for school in the morning. One of my fondest memories is that every morning one of my teenage daughters would come into the kitchen while I was packing up lunches and say “Hey mom, listen to this song” and she would play me a new-found favorite song on her iPod. Just a little thing, but I was there for it and now that her high school days are over I’m glad I didn’t miss it. So, those are what I’ve found to be some of the basic ups and downs, positives and negatives of working from home. If it’s something you have been thinking about I’d definitely encourage you to do it!

Please feel free to post questions regarding working from home in the comments section below; help me determine what other topics I should cover in this series!

In my next post I will discuss working from home specifically as it relates to being a medical transcriptionist…the good, the bad, and the ugly…stay tuned!

If you are interested in becoming a medical transcriptionist I highly recommend CareerStep.  It’s the school I graduated from and it’s graduates are highly sought after by transcription companies.  They also offer the following programs:  Medical coding and billing, medical office management, medical administrative assistant with EHR, pharmacy technician, health information technician, computer technician, executive assistant, medical billing, and veterinary assistant.  Visit them today at http://www.referral.careerstep.com/ref12112.

Vouch – A Nifty Idea for Lending

Technology has enabled a number of innovative financial technologies that provide advantages to the consumer – Bitcoin with its anonymity and ability to transfer funds without exchange fees, mobile check deposits supported by most major banks, peer-to-peer lending such as Prosper and The Lending Club offer, and the list goes on.

The official Vouch logo.
The official Vouch logo.

Recently I received an email from Credit Sesame advertising Vouch – a lender that gives one loans based on one’s network. In the past if you wanted to secure a loan but didn’t have a good credit history (or a history at all) you needed to find someone to co-sign on the loan (or pay exorbitantly high interest rates).

The biblical book of Proverbs warns against giving oneself to unwise pledges (or co-signs):

“My son, if you have put up security for your neighbor,
if you have shaken hands in pledge for a stranger,
you have been trapped by what you said,
ensnared by the words of your mouth.
So do this, my son, to free yourself,
since you have fallen into your neighbor’s hands:
Go–to the point of exhaustion–
and give your neighbor no rest!
Allow no sleep to your eyes,
no slumber to your eyelids.
Free yourself, like a gazelle from the hand of the hunter,
like a bird from the snare of the fowler.”
(Proverbs 6:1-5, NIV; see also 11:15, 17:18, and 22:26)

The danger in co-signing is that one essentially places one’s own well-being in the hands of another. If that other person defaults on the loan for any reason – you become responsible to pay it.

In this life there are few things we are truly in control of – part of the wisdom of life is recognizing what we can and cannot control. Vouching unwisely is something we can choose not to do.

Now vouch is a similar concept to co-signing, it just distributes the risk. Whereas previously if someone borrowed $5000 and you co-signed you would be liable for the entire $5000, with vouch you choose a level of liability – $25, $100, $500, etc.

Assuming you vouch only what is within your means to easily repay, the risk becomes fairly low. Most people can afford $25 out-of-pocket as a one-time expense, if necessary.

The idea behind vouch is to offer lower rates by essentially having numerous co-signers on a loan. I know they like the term vouch – its less scary than co-sign, but imho, it is co-signing, just distributed.

This idea is pretty spiffy, if you ask me (ohh, you didn’t? well, I guess I’ll just tell you anyways!), because it could open loans to a demographic (those with poor/no credit history) at affordable rates where there has traditionally been reasonable option available.

P2P is great if you have a good credit score – but it isn’t worth a hoot if you recently went through bankruptcy, a recession, etc.

Let me give a few examples of scenarios where I see Vouch being a valuable option:

  1. John lost his job in 2008 in the recession, over the next several years he built up $25,000 in credit card debt and his credit score declined as he had to sometimes delay paying a credit card bill to ensure his electric wasn’t turned off. At the moment he is paying 20% interest on this debt. He has recently secured a new job which pays well, has good benefits, and historically John has always been a faithful, hard worker – but his credit history is still horrible. John gets a number of friends and relatives to vouch (co-sign) $25-$100 for him and is able to refinance a significant amount of his debt through Vouch at 10% interest.
  2. Mary is heading off to college but needs an additional $2,000 to pay for her first semester. She has already taken available of all the grants and scholarships available and also the reasonably priced student loans. She now has a choice between taking out a loan from a lender who will charge her high interest due to her lack of a credit history, or she could use Vouch to allow a number of family members (parents, grandparents, aunts and uncles) to co-sign with her. Since her family knows she is responsible, they don’t mind “promising” to pay up $100 each if Mary should fail to meet her obligations. They know that Mary will not fail excluding some extraordinary circumstances.

This also makes sense for the lender. The lender is spreading their risk out. With a traditional co-sign loan one can pursue those who have signed the loan (say two to four people) to get back one’s money, but if these individuals are unable to pay, the lender is out of luck. Whereas with a system like Vouch one can spread the risk across dozens or hundreds of people – and statistically it is less likely that all will be unable/unwilling to pay (especially since it is a smaller amount) which means there is less risk for the lender of losing their investment.

This is a screenshot of the dashboard one is presented with after registering on the site.
This is a screenshot of the dashboard one is presented with after registering on the site.

I have not used  Vouch, I just think it is a neat idea. I’ve setup an account, it was fairly easy, and am waiting for them to reply to me with info. about what I would qualify for…and whether Vouch ends up being a great business or not, the solution is fairly ingenious and I hope it will take off.