I got paid! This month I was the happy recipient of my first Squidoo payday and last night I made my first online sale, netting a proportion of the royalty payment from Amazon.
As my Squidoo earnings begin to take flight I thought I would give some insight into the inner workings of the Squidoo payday demonstrating just how easy it is to start to build an extra income with this user friendly site.
How Can I Make Money with Squidoo?
Amongst other things Squidoo is a revenue share site. This means that Squidoo lensmasters (the people who spend time creating, publishing and promoting Squidoo pages) earn a percentage of the total advertising revenue Squidoo.com earns from Adsense, Infolink and Chitika (inclusion in the Infolink and Chitika revenue share is optional).
Every month, on or near the 15th (it’s always early and never late) it’s Squidoo payday and how much a lensmaster earns depends upon the performance or average ranking of each of their lenses. A lenses ranking is determined by many factors but in the simplest terms lensmasters improve the ranking of their lenses by attracting plenty of visitors, boasting high levels of participation and being an active member of the Squidoo community.
How Quickly Can I Earn Money with Squidoo?
As soon as they have been live for a month, lenses qualify for the revenue share program and exactly 3 months after the publication of the first lens new squids will enjoy the first of many Squidoo paydays.
Like most revenue share sites Squidoo pay their members in arrears. This means that the January 2011 Squidoo payday related to site activity for the period 1st – 30th November 2010.
I launched two of my first lenses in October 2010, these qualified for the Squidoo revenue share program in November 2010 and as a result when the January 2011 Squidoo payday arrived I saw money in my account!
What About Commission From Sites Like Amazon?
Every Squidoo lens offers the opportunity to earn an affiliate payment through the sale of products on Amazon, eBay, Zazzle and iTunes. Simple modules allow lensmasters to easily promote relevant products from any of these sites. Every time a reader clicks from a lens through to make a purchase the lensmaster receives a commission or royalty payment.
Amazon is the best way to make an extra income on Squidoo. The site makes it really easy to incorporate relevant products, write your own personalized recommendations and ultimately benefit from any sales.
Every time a lens makes an Amazon sale the creator receives a 4.25% royalty payment. As a comparison most individual small Amazon affiliates, people who open their own personal accounts, start in the 4% sales tier on Amazon. It takes a lot of work and a huge amount of sales to reach Amazon’s 6% tier.
Last night I made my first Amazon sale through Squidoo from a lens that I created just two months ago on the 26th November 2010. I have to say it was a very exciting discovery!
You Can Get Started with Squidoo Today
Read more about Squidoo Payday by visiting this lens ; First Squidoo Payday
If you already have a great idea for a lens or would have a look about then follow this link ; Start Earning with Squidoo