Tuesday, August 7, 2007

How to Make Moola

I've recently discovered the site Moola, which is an interesting concept that I haven't really seen done before. There are basically 3 ways to make money on Moola: playing any of 3 games against other people, winning money by using their search engine, or getting paid through referring others. The cool twist is that you are given a penny to start, and can play against opponents by risking your penny. Win, and you now have $0.02. Win again, and you double your money to $0.04. You can continue to play, betting all of your balance or as little as a penny.

Moola also has Search & Win, where, by using their search engine you get to spin a wheel and win some money. The amounts on the wheel vary from a few cents up to $9000. So far I've gotten mostly a few cents up to $1.00, but there are posts on the Moola forum of people winning $100. So it looks like the real deal. You automatically get 1 spin a day, and can get up to 4. It seems to me that after some testing, just using the search engine a few times a day will get you 2-3 spins.

Finally you can make money through referring others to the site. When you sign up you get invites to give to other users. If they win with Search & Win or other offers, or when they cash out, you get 4% for them, 3% for any of their referrals, 2% for their referrals referrals, and 1% for the 4th level of referrals.

As with most sites where you can make money on the Internet for searching or surveys or similar things, most of the top money making people get their income through referrals. It's like a big pyramid scheme, but if you can get yourself to the top of a pyramid, you could do pretty well. Otherwise, it's a fun time waster where you might win some money and can try to win big playing their games.