My Dearest Fellow Rat Trap Escapees or Wannabe Escapees,
As you know, I am always on the lookout for new ways to make money and will try them out and report back to you. With the loss of eHow as a residual income platform, it’s been a real challenge to find something to replace that potential income. Ehow, once you had enough articles and friends, was a good money maker. I had about 80 articles up. These articles were perhaps old articles I revamped for eHow, or just fun topics that interested me. I wrote them in my spare time, here and there, but over time they added up. I was making about $200 a month in residual income, even if I never added another article again. I still get a bit from these articles, however I can’t add new ones, so the earnings are stuck at a certain amount and unlikely to ever increase. I decided to start looking for something new. For the last year, I’ve experimented with a couple of sites that allow people to write and publish on any topic they like. I will be reporting on these findings over the next month or so.
If you aren’t familiar with the concept of residual income, I talk about it in depth in my Esape the Rat Race course. In its simplest terms, residual income means that you do the work once and get paid for it over and over, ad infinitum. Over time, you can substantially increase your earning potential without doing extra work. I am in love with residual income, although it is hard to find the time to put into it that it really needs. Still, any small move toward residuals is a positive move.
Bukisa offers this type of opportunity. You post an article on absolutely any topic you’d like and you publish it. There are no format requirements or rules. This makes it so easy to post old items you have the rights to again. You then earn money based on how many people read that article. While you won’t get rich writing for Bukisa, it is a great place to post those old articles, articles you’ve finished, but were rejected elsewhere (it happens), or to just talk to your readers about topics that interest you. Since there are no editors, it might be a good idea to partner with a friend who wants to write for Bukisa too and edit one another’s work.
Now, here is where the real earning potential comes in… I call this SUPERresiduals, because you don’t do any work and you make money over and over. You can invite friends to sign up for Bukisa. They earn money on their page views and you earn money on their page views. You earn a smaller percentage than they do, but nevertheless you earn. The more people you have under you, the more you earn, obviously, so invite all your friends interested in writing.
My experience, with very sporadic article postings as I don’t have a lot of extra time to spend on something that isn’t guaranteed income, is that you can make a little extra pocket change with very little effort. While Bukisa is not something that will replace a full-time income, it is another stream of revenue that you can add and a wonderful residual option.
I suspect Bukisa is poised to become the next eHow, as the format and plan is very similar to eHow’s old payment system. If you’re interested in Bukisa, will you do me a favor and sign up under me? It won’t impact your earning potential at all, but it will help me out. If you have questions, feel free to friend me and ask for help. Another benefit? The more people who sign up for Bukisa, the higher everyone’s earning potential becomes because of the sheer traffic. That means there is room for all of us to write for them. If you’ have been working toward earning enough to stay at home one day, then this might be a place where you can post articles on the weekend and eventually bring in a little extra money.