I’ve written about the benefits of Squidoo many times in my various blogs as well as over at the JV site I co-author with Monika (Blogging Web 2.0). But there is one minor benefit that I haven’t mentioned yet, simply because it had not affected me until today.
That is the fact that Squidoo pools all the money it makes from the many thousands of lensmasters’ efforts from generating the traffic that brings income from pay per click ads, as well as royalties from other sources. Each lensmaster is periodically rewarded with a proportionate amount from that pool, which goes into their own account as a positive monetary balance. One the lensmaster’s balance has reached a certain threshold (currently $10), then that money is transferred into your PayPal account.
As I am still building my business online, every little helps to build my own personal income streams – as many as possible, because I firmly believe that generating multiple income streams is one sure way of achieving a strong, reliable income from my online business.
The reason for this post, then is not just to highlight this small additional benefit of hosting a lens on Squidoo, but to let you in on the fact that I just made my first payday from Squidoo for the princely sum of $12.16!
Ok, I won’t be visiting the Mercedes dealership just yet, but it’s a start in the right direction from yet another income stream.
The beauty of this little income stream is that it is dependent on how many lenses you host and how highly they are rated. Their internal Squidoo rating is attributed to a lens due to the hard work put in by the lensmaster in keeping them fresh and continually updated with new, original content as well as attracting traffic to them from various sources.
As I now host quite a good sized family of lenses on different topics, my royalties earned from each one is combined to give a final figure for each accounting period. So the more active you are withing Squidoo, the greater your earning potential becomes!
Unless you are one of the few lensmasters who authors large numbers of lenses, you still won’t make a fortune from this, but as I already said, every little helps!
So if you haven’t already signed up for free and started creating your own lenses, why not get started straight away – it’s as easy as anything to squidoo!
The Honest Way