Making Money Online

Multiple website reviews that allow you to decide how to make money.

Recent Posts

Binary Options - Risky

Binary Options are a high risk high reward type of investment. Are the many risks associated with this volatile trading market worth the possible gains?

Google Sniper 2.0 - Bad

Google Sniper 2.0 claims to be a revolutionary search engine optimization system that promises results. Does this package deliver on its promise?

Survey Sites - Tedious

...and how does that make you feel? Getting paid to take simple surveys online almost seems too good to be true, but is it?

NeoBux - Reccomended

Rented referrals are an unfamiliar type of investment for most people, how do they stack up against other websites earnings?

Bitcoin - Average

Today Bitcoin is seen as a bright new investment opportunity in the online marketplace. How profitable is it to get your own share of the action?

Archive for May 2013

For the most part this website was just an interest for me as a way to develop a website and understand how it works.  Through this website I found a very interesting subject that has allowed me to make money online in a much more stable fashion.   I don't want to give away all the details but they can be found at this blog on cryptography:http://historyofcodes.com

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Results:

BitCoin is by far the most unfamiliar topic for me.  Before I got into this topic I though that Bitcoins made Bitcoin coins.  It has taken a ton of work to understand and get involved in the system.  With this being said, it is also the most exciting and new system that I had taken apart of.  I was able to accomplish other tasks while my computer was mining BitCoins, so it was not as tedious it first seemed.  In the end I racked up a whole .05 BitCoins with around 5 hours of mining which results in $6.50 profit.  This is an interesting way to earn money because it does not require your attention, just your computers processing power.

Sidenote:

I ran the program on a laptop so your results may vary depending on the capabilities the computer that is used.  Also depending on the pool that is joined, results may vary.

Overview:

Bitcoins.  What exactly are they?  Bitcoins are a cryptocurrency that was developed by an anonymous developer.  Each Bitcoin is accounted for in transaction logs and cannot be counterfeited.  Each coin can be broken down into .00000001 parts of a whole coin and be traded up to that small amount.  Every so often there is an update which releases encrypted Bitcoins.  Mining is using the computing power of many people to each solve smaller parts of a code in order to earn a chunk of Bitcoins, normally 25 or 50.  There will be a total of 21 million Bitcoins in circulation when the updates stops producing them in 2140.  Today Bitcoins are accepted by thousands of vendors on the internet and have reached a value of $130.  Earlier this year, the market spiked to over $200 as the Bitcoin bubble came to a peak.

bitcoin market trend graphMy experience:

I began mining Bitcoins  and I learned a ton during the process.  First of all, it is impossible to do without joining a pool.  A pool is a group of people who share computing power in order to mine Bitcoins.  There are a ton of different types pools and clients that allow you to get involved but I'm not here to review the specific types of pools.  Before mining bit coins, make a smart decision about which pool to join based on your computer and likely payouts.  Also it is important to download a "wallet" to store your coins, they're are a ton of guides on the internet for it and a list of good wallets is available at bitcoin.org. Back to the mining, so I downloaded a mining program and scanned it only to find a virus.  Awesome start, no need to worry though this website has since be shutdown.  I was recommended another program on a forum and it had no virus so I got to mining.  There's really not much else to it.  Get a wallet, download a miner, mine.  Once we had solved a block, I was given my share of Bitcoins based on how many hours I had logged in the miner.

Strategies for Success:

It cannot be stressed how important it is to pick a good pool based on your computing power and dedication.  Some pools cater themselves better to casual miners while others would give a casual miner close to nothing.

It is important to realize the potential success of Bitcoins.  They cannot be copied, there is a set number, and they are a desirable commodity.  Since the bubble has already popped, I would advise you not to sell your Bitcoins once you mine them.  Personally I'm going to hang on to my .05 Bitcoins until the bitter end.

Be wary of people attempting to steal your bitcoins.  If people are willing to do this for some Bitcoins, you can bet they are scamming to rip yours off as well.  Always scan for viruses in content downloaded online and if it sounds too good to be true, it most likely is.

Computer speeds matter to a certain extent.  While most forums advise people to upgrade their hardware in order to earn more Bitcoins, I don't think that's advisable with the current state of Bitcoins.


bitcoin mining rig

Closing

While this was undoubtedly not the most profitable venture for me, it was an interesting one to say the least.  It is important to be wary of how your earning Bitcoins and what payout strategies your pool is using.  Personally I think this is a nice way to make money because you are free to do other things while the mining program is running.  With that said I most likely won't be running the mining program unless I'm away from my computer simply because it is a ton of processing power.  In the end, Bitcoins are an average opportunity at best for the average user.

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Review:

At this point in time my review for KGB answers is incomplete.  I am awaiting confirmation from them about the job and then I will begin to work there.  I have been informed that their are no more US agents as KGB is preferring to hire workers from the Philippines.  However, my application went through and I am hopeful they will allow me to test their service.

Overview:

KGB is a privately held "independent provider of directory assistance and enhanced information services."  They charge $1.49 for a question to be answered via text message.  In February 2013 KGB was mandated by a judge to pay $1.3 million to underpaid agents in the United States.  This caused for no more US agents to be hired after April 5 2013.  The way the service works is a text message question is sent into a database.  It is either keyword matched and answered by a database, then verified by an agent or an agent writes the entire answer by themselves.

My Experience:

In order to even be considered to be hired as a KGB agent you must prove you can research things quickly.  They have a test set up with categories that interest you and allow you to search the web in  order to find the answers.  With two windows open the quiz took about 10 minutes and I received around a 90%.  I was then told they would contact me in 5 days with instructions.

Conclusion:

INCOMPLETE - Until I experience the work I cannot speak on the money making possibility

binary options banner

So for a while now I have heard about binary options and how great of an investment they are.  I decided that they would be the next internet money making option I would try.  There are many websites that offer different rates and minimal deposit amounts.  I tried iOption because of the low minimum deposit of $100.  (I just used the money I had earned from NeoBux)

Results:

Plain and simple, this was an extremely difficult way to make good money.  For me it felt a ton more like gambling then investing.  Actually less then gambling, it was essentially throwing money on red or black on a roulette table.  I do not recommend this system even though I came out on top by $50.  I'll explain how I did that in strategies.

Overview:

What are options?  Binary Options are a type of trading option that allow you to bet simply whether the price of the given commodity or stock is going to go up (call) or down (put).  While it can be more complicated then that, it simplifies the explanation to just focus on placing a "put or a call" bet.  On each trading website, there are many different charts given to the user and unless you are a professional broker, it feels completely useless.

binary

My Experience:

I started out on iOptions with $100 and a complete loss at what to do.  I tried a few $10 trade, I lost two and won two.  This ended up with me losing money, I looked up the statistics for this and I have to win nearly 70% of all the trades I do in order to turn a profit.  I almost withdrew my money immediately because I knew I didn't have that kind of luck.  So I began to research ways in which to predict the market, everything pointed me to not investing in binary options.  After a ton of researching I found a website that would let you watch a professional trade options for a price.  At this point I was willing to do whatever I could to get my money back and withdraw.  So I opened up http://www.binaryoptions-live-signals.com/ and started the three day free trial.  Of the trades that I witnessed I copied the exact same thing and end up winning 4 out of the 5 trades I did, on the 6th trade I bet big and won some extra cash.  This resulted in being up $50 on the day.  I withdrew the money and quit the website because I am not one for such volatile investments.

Strategy for Success:

Set a limit for yourself.  Do not go into it with a link bank account thinking your going to be able to replenish your losses.  This is a bad idea, start out by writing a dollar amount you will be investing and do not go a cent beyond that.

Don't be afraid to watch other people's trading habits and copy them.  If your reading this then chances are you have little knowledge about options, follow a professional trader.

If you are ever uncomfortable with the trading system or the site you are investing in.  Leave.  There is no shame in keeping your money to yourself.

Conclusion:

For the time spent on iOptions, it was the second most profitable for me.  With that said, it was also the riskiest money I have earned online and I would not look forward to doing it again.  If you have nerves of steel and are willing to take risks with your money then using a professional trade for binary options may be a very profitable path for many.

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Review:

If you don't feel like reading my experience with this product, I will let you know now it was not good. The system promises results with minimal work but what I found was quite the opposite.  For a recurring fee of nearly $50 a month I was getting a unorganized system with out dated tactics.  In many videos, the creator George Brown seems unprepared and stumbles through his words.  For the most part the google updates Panda and Penguin changed the algorithm for search engine optimization making the system close to useless.  Although some tactics do work, Google Sniper is not worth the $600 a year that it charges.

Sidenote:

Although I did pay the price for the Google Sniper system, I was able to get my money back.  Thankfully the person I contacted was fully understanding of the situation and gave me a full refund.

Overview:

Google Sniper 2.0 is a product designed by George Brown in order to optimize websites in search engines.  This optimization drives more traffic to the website which allows the site to refer visitors to other sites, earning commission for the website.  It was first released in October 2009, however I cannot comment on the effectiveness of the system in the past.  Profits like the one shown below are boasted on nearly every review.


Personal experience

At first I saw so many positive reviews for Google Sniper 2.0 I couldn't wait to get my hands on the system, I mean after all why not follow the crowd?  I took the money I had scraped up from NeoBux and Binary Options and went straight to the website and purchased the system.  Immediately I was greeted by multiple tabs, videos, manuals, and all kinds of information I had never seen before.  It took a good couple hours to get a grasp on all the information the site was providing and start to make my plan.  I found my niche in Pest Control websites as a friend had pointed out to me there was a demand for them.  I began to go through the SEO optimization, back linking, and all kinds of tactics that were described in the guide.  It took me a few more hours to set up my website and I sat back feeling rather accomplished.  The first two days I received literally no results and 17 visitors which were almost entirely from my own views so naturally I went to investigate.  It turns out that some of the tips given in the guide get your websites blocked from the google search engine so there was nothing driving traffic to my website.

I was upset at first because there were so many people experiencing great results with the system.  How could it be bad for me?  For the most part, the reviews are outdated and irrelevant and as I said before I cannot speak for the success the system would've had in the past.  Most of the positive reviews though say the exact same thing, basically thesaurusized versions of each other.  This leads to a ton of hype about a system because of its amazing results when there are a lot less satisfied customers then it seems.

Strategy for Success:

-First of all, don't waste your money on the guide.  The information it offers is readily available on the internet with the right searching.  That being said, if you do happen to buy the guide then spend your time learning the strategies it presents because they are helpful.  I definitely will be using the some of the things I learned in other sites that I create, possibly even this one.


Conclusion:

Don't get me wrong, this system isn't completely bogus.  It has some positive tips and with modification if could result in a steady income flow.  I bought the system expecting the results advertised and was completely disappointed.  It did not have anywhere close to the results that it promised.  I personally believe their are better systems out there for a cheaper price.  If it was truly possible to make $2,000 a day then why would you need to advertise it?  

Or even sell the system?

Google's stance:

You may have seen offers like these using Google's name or logo that sounded too good to be true. Unfortunately, nearly all of them are, and, despite hundreds of consumer complaints and our own efforts to keep these sites from tricking people, some scams continue...We can solve only part of the problem — the rest is up to you. Just as you should be careful about giving out financial information in the real world, you should be skeptical and review any offers online before sending any information, and always be on guard when presented with an offer that seems too good to be true. 


health survey site banner
Review:

I was referred to this survey site by a friend of mine that is into survey sites.  I should have known from the flashy advertising the website wasn't worth the time.  After multiple surveys, a mobile app download, and 4 hours wasted I had earned 486 points or $4.86.  This website is a waste of time for anyone serious about making money online although it could have it's benefits if a user has a chunk of free time to fill.

Sidenote:

 I have had similar experiences at a variety of different survey websites but that isn't to say that all survey based websites are as useless.

 Overview:

Points 2 Shop is a survey site that offers users the chance to earn points in order to buy rewards.  With 4.1 million users, the site has strong base from which they earn their advertising money on.  The premise of the site is that users will watch videos, play games, download apps and take surveys in order to earn points.

My Experience:

I joined this site in the hopes that I would be able to make a couple dollars from some simple surveys.  When you first login, talk to the guide.  They are a real person that is paid to help you, it makes the entire site much easier to use.   While I didn't stick around long enough to get a high enough level to play games, I can talk about the rest of the site.  The survey section of the site was quite frustrating to me.  Often I would fill out a pre-requisite form for a survey for 5-10 minutes only to be denied the opportunity of making 30 points or $0.30.  Once a survey did accept me, it took me 25 minutes to fill out and I was rewarded with 50 points a day later.  The video section offers 1-2 points per video watched which is very low and the apps weren't very promising either.  While the tasks section does resemble the high pay-out ability of NeoBux, it lacked the worthwhile jobs each time I checked.

Strategy for Success:

If you have a smart phone, download the application for points2shop.  This allows you to watch videos on your phone while you are taking surveys on the website earning double the money.

Conclusion:

This survey site is an enjoyable website to look at and navigate through but it serves very little purpose to earning money.  Not only does it rarely allow users to take surveys but it also has a delayed payment.  When I finally was able to cash out my $4.87 for a prize, I was charged an obscene amount for shipping and handling so I gave up on the website.  In the end, this website is not worth the time spent.





As of May 2013, I have decided that I'm going to attempt to make money online in a variety of different ways.  Through each method, I will be blogging about how each site works along with their pro's and con's.  I will never attempt to sell anything on this website and I promise I'm going to only offer my opinions and experiences with the websites.

Before I start reviewing websites, I want to just let you know what kind of person I am.  Currently I'm a college student in California studying Mechanical Engineering at a private university.  Being an engineer, I often find shortcuts or exploitations that allow me to bypass lengthier processes.  Hopefully this will help in my search to make money online.  I think anything beyond this information doesn't need to be shared because this website is not about me.

My hope for this blog is to not only earn some money but to help others do the same.  I'll always try to be available to help people with any questions they may have about my strategies.  Thanks for reading and I hope that you continue to follow my journey through a maze of online opportunities.

Starting PayPal balance May 20, 2013: $0
                                  May 28: $150
                                June 1: $175
Ending PayPal balance as of June 2, 2013: $160


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I have a few different plans for what I will be reviewing in the near future.  The order in which these come out are dependent on when I accomplish them.

-Bit Coins
-Lite Coins
-Answering Services (KGB vs Cha Cha)
-Mechanical Turk
-eLance
-Hourly
-Blogging/Website Building

If any interest is expressed about any of these jobs, they will be given priority over the others.

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This privacy policy is subject to change without notice and was last updated on May 29, 2013. If you have any questions feel free to contact me directly here: jxbriggs@aol.com