Picky domains has been on the money making front for quite some time, but unfortunately their promotion has not been that great, so most people don't know about it.
If you think you are good at coming up with creative domain names for different websites, then you can potentially earn quite a bit of dough through this site. It's quite simple. Here's how it works.
The site caters to two major entities A CLIENT and A CONTRIBUTOR. A client is a person who wants a creative domain name for his/her website. They give some guidelines as to what can and cannot be in the domain e.g. someone might say that the domain name should be number free or should be more than 5 characters etc. A contributor is a creative person who suggests domain names to these clients. The payment is made to the contributor whose domain name is selected.
So, how exactly do you get paid and who pays you?
When a client signs up, they provide Picky Domains with their payment details. The suggestions then start coming in and once the client selects a domain name, $50 are deducted from them through the payment details provided. Now, these $50 go straight to Picky Domains...So how do YOU get paid? Simple!! 40 to 60% of the $50 received goes to you. The payments can only be transferred via Paypal, so you need to be in a country where Paypal is available, or use someone else's account or something.
OH!! One thing I completely forgot! They recently started the same thing from Business Slogans as well. It works in the exact same way. The only difference is that isn't of $50 for the domain name, this will cost the client $75, which is still quite low if you look at the branding market.
Oh, by the way, if you are a blogger, you can get some free traffic from picky domains. LOOK INTO IT!
Now on to some facts and figures. As of today June 19th 2012, the website has 3155 clients and 52822 contributors. However, looks like more that 50% of the contributors are inactive, which has both its up sides and down side. The main upside is that you will not have too much competition when suggesting a domain name. The down side is that, the 52822 gives a false impression of popularity.
Personally speaking, I think this is a great way to get some extra cash if you have the following:
- Good command over English (most of the requests are English)
- Creative thinking
- Some extra time
You will get even more benefits if the website gets very popular. Based on their current strategy (i.e. engaging bloggers and using news tickers), looks like they realize their need for more traffic/popularity and they are doing something about it.
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