Startup #104 – Ten Bucks A Day

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The tubes of the Internets are clogged with every get rich quick scheme in the book.  So why not drop one more into the plumbing?  Although today’s idea is a little bit different.  Instead of a get rich quick scheme, I’m proposing a get rich slow scheme.

My idea is a site geared towards providing options for users that have some time on their hands that are looking to earn a little extra spending money.  You can think of it as the online equivalent of a neighborhood lawn-mowing gig (sans grass-stained shoes).  Users would jump on the site and have the opportunity to fill out simple marketing surveys, complete Mechanical Turk tasks, etc..  The site owner would start by providing some basic money making opportunities, and eventually users would be able to post their own simple get rich slow ideas. 

There are a few keys to making this idea fly.  First, it needs to be ridiculously legitimate, no flashing banners, no shady ‘too-good-to-be-true’ schemes, nothing like that.  Second, the tighter you can integrate, the better.  Best case scenario, the user could sign up once through the Ten Bucks A Day site, fill out surveys or watch ads, and get paid directly through the TBAD site.  

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6 responses to “Startup #104 – Ten Bucks A Day

  1. If the site were marketed as a “if you’ve got a few minutes, earn a couple of bucks”, that might lend a bit of legitimacy. Add OpenID for quick, painless and secure logging in. Plus add a referral feature that can’t be abused (aka, spammed). Something like, “refer one friend during each tBAD session” or some such.

    Heck, I’d make tBAD the home page of my browser and make a few cents every time I opened it up!

    Sign me up, Kev!

  2. Thanks, man – great ideas!

  3. There are many survey sites on the net already, some seem legitimate, but it takes years to actually complete enough surveys to earn enough credit to cashout.

  4. Lance – That’s exactly the issue that I’m trying to address here. My sense is that for money-making-type sites, there is approximately 1 legitimate site for every 99 shady operations. These means that there is a big opportunity out there for a site like this to be a huge success.

  5. That may be true, but only to a certain extent. I’m signed up for quite a few of these sites as well, but it’s not everyday (not even every week, or fortnight) that I receive a mail asking me to participate in a survey, despite all those flashy banners with insane promises (earn $70 a survey!). The promises may be true, but only to ONE case of ONE survey to ONE person who meets EVERY SINGLE requirement.

    Yes, the sites and the surveys are legitimate, yet the common case is that we earn maybe $0.30 for a survey, and it’ll take months / years to even accumulate to a basic $10 for cashout. TBAD sounds too much of a promise than anything else, since already-established sites (e.g. globaltestmarket) can’t even hit that.

    I’m not trying to be a wet blanket here – just thought I’d share my experiences and thoughts. I read every one of your posts and enjoy reading them. šŸ™‚

  6. Good points, Lance. I’m wondering if the missing piece here is a site that could aggregate your earnings across multiple survey-style sites into a single account with a low cashout limit. For example, instead of earning $5 on site A, $8 on site B, and $9 on site C (and not being able to cash out on any of them), you could instead create a master account on the consolidating site, earn your $5 + $8 + $9, and be able to cash out with a total of $22.

    Sorry, that explanation makes it sound like a bad 4th grade story problem. I swear it made sense in my head. šŸ™‚

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