MyLot is an online community platform that pays users for valuable contributions like starting discussions, commenting on posts, and completing tasks.
It promises to be a place where you can socialize, share ideas, and earn money at the same time.
But is MyLot really worth your time and effort? In this detailed review, I’ll provide an in-depth look at how MyLot works.
Table of Contents
How Does MyLot Work?
The basic premise of MyLot is simple – you earn money for participating in their online community. There are two main ways to earn:
1. Discussion Boards
This is the primary way to earn on MyLot. You can start new discussions or comment on existing ones. If other members upvote, like, or reply to your posts, you’ll earn cash rewards.
The key is to provide thoughtful, engaging contributions that add value to the community. Low-quality or spammy posts will not be rewarded.
2. Paid Offers
MyLot has some paid offers like surveys, downloads, and registrations. These offers are similar to what you’d find on GPT (get-paid-to) sites.
The rewards for paid offers range from $0.01 to $0.20 each. While every bit counts, you won’t make much from these.
How MyLot Rewards Work
MyLot doesn’t use a points system. You directly earn cash rewards that get credited to your account balance.
The minimum payout threshold is $5. If you reach $5 by month-end, you’ll be paid out via PayPal in the first half of the next month.
So it’s an automatic payout system once you hit the threshold. There’s no need to manually request payouts.
Earning Potential on MyLot
Now, let’s discuss the most important factor – how much money can you realistically make on MyLot?
Unfortunately, MyLot does not disclose the exact rewards structure for discussion posts. But based on user reports, you can expect to earn around $0.01 – $0.05 per high-quality post or comment.
Paid offer rewards are very small, usually $0.01 – $0.20 each.
To put it into perspective, earning just $5 (the minimum payout) could involve making 100+ discussion posts and comments.
So the earnings potential is quite low for the time investment required. MyLot is by no means a platform you can rely on for significant income. You’d have to spend hours daily to earn more than beer money.
Having said that, MyLot can be a nice side hobby for some extra cash if you enjoy community discussions. But it is definitely not efficient for serious earnings.
Pros of MyLot
- Globally available
- Low $5 payout threshold
- Automatic payouts via PayPal
- Opportunity to socialize and make friends
- Participation is open to anyone (no approval required)
Cons of MyLot
- Very low earning rate ($0.01 – $0.05 per contribution)
- Have to regularly invest time to earn meaningful amounts
- No way to directly contact support
- Limited payment options (only PayPal available)
Is MyLot Ultimately Worth Joining?
MyLot is a legitimate platform to earn some extra money in your free time by participating in community discussions.
But you have to go in with realistic expectations. The earnings potential is low for the time investment required. You cannot realistically depend on MyLot as a primary income source.
MyLot is best suited for people who genuinely enjoy community discussions and want to socialize online. For them, the cash rewards are just an added bonus.
If you’re looking for more lucrative ways to earn online, sites like Survey Junkie, Swagbucks, and InboxDollars offer better income potential for your time spent.
So in summary:
MyLot is worth joining if:
- You like online discussions and social interactions
- You want to earn a bit of side cash from a hobby
MyLot may not be worth it if:
- You need high earnings for hours spent
- You want reliable primary income source
- You would rely solely on paid offers
I hope this detailed review provides a good sense of what to expect from MyLot. While it won’t make you rich, it can be a fun community platform for some extra pocket money on the side.
Review from other users
Here are some reviews from existing MyLot users:
“I have been a member of myLot for almost two years. If you want to have a good time, make great friends from around the world and earn a bit of cash while doing that, then myLot is the real deal!”
This user highlights the social and community aspect of MyLot as a key benefit. If you enjoy meeting new people online, it’s a nice platform for that.
“We have a great community at myLot. It is funny to be there. And the website is now paying again.”
This review indicates that MyLot is paying its users reliably. The community element also adds fun and engagement according to this user.
Conclusion & Final Recommendation
In summary, here are my key recommendations on MyLot:
Pros:
- Legitimate payouts
- Opportunity to socialize globally
- Automatic payments exceed $5 threshold
Cons:
- Very low earning rate per contribution
- Time investment required is high
- Lack of customer support channels
MyLot is worth joining if you enjoy community discussions as a hobby and want to earn a small side income from it. But don’t expect it to be a lucrative income source.
Approach it as a fun way to socialize globally and earn some bonus rewards, rather than a serious money-making platform. Keep your expectations realistic, and MyLot can be a nice community to engage in.
| Key Aspect | Overview |
|---|---|
| Legitimacy | Legit |
| Earning Potential | Very Low |
| Minimum Payment Threshold | $5 |
| Payment Method | PayPal |
| Mobile Access | Yes |
Frequently Asked Questions
How do I sign up for MyLot?
Signing up for MyLot is quick and easy. Just go to their website and enter your details like username, password, email, and PayPal email. Once signed up, you can start participating right away.
What can I do to earn money on MyLot?
The two main earning activities on MyLot are:
- Discussion boards – Start discussions or comment on existing ones. You earn when people upvote/like your contributions.
- Paid offers – Complete small tasks like surveys and registrations to earn rewards.
How much money can I really make on MyLot?
The earning potential per contribution is low, around $0.01 – $0.05. You’d need to put in consistent time and effort to earn beyond beer money levels. It’s better to approach MyLot as a social community first, and earning second.
When do I get paid?
If you exceed the $5 minimum threshold by month-end, you’ll receive an automatic payout via PayPal in the first half of the next month.
Is there a mobile app?
There is no mobile app, but the MyLot website is mobile-friendly and accessible on mobile browsers. This allows you to participate from your phone conveniently.
Can anyone join MyLot?
MyLot is open globally to anyone aged more than 18. There is no approval process – just sign up and you can start engaging right away.
What are some pros of MyLot?
Pros include global access, low $5 payout threshold, PayPal payments, and the opportunity to socialize online.
What are some cons of using MyLot?
Cons include very low earning potential, time investment required, lack of customer support, and limited payment options.