Tuesday, May 30, 2006

Fancy earning some extra moolah online?

I'm sure many of you have heard of online schemes that promise you instant riches; 5 digit monthly profits without you even having to leave your home. Work from home! Get rich quick! We usually look upon such schemes with disdain, and ignore them. What if some of them actually DO pay you, and you CAN actually profit from them? Wouldn't you want to know more? Well, I did. And I think I've stumbled upon one of the most reputable paying sites on the net - CompactSurfing

I got all excited over SwissCash, a scheme introduced to me by my cousin Wesley, only to discover with a little research, that the program's probably a scam, and though they might be paying their members now, they probably won't last.

This time, however, I think I found something not only actually pays, but will be hanging around for quite a while. I've no doubts that eventually it'll fold, but for now at least, it's safe.

How does it work? First, you need to invest, or in CompactSurfing terms, buy Ad-Points. Each Ad-point costs USD$10, so to invest USD$50, you buy 5 Ad-Points. These Ad-points will be valid for 9 days in which you'll earn 13% of the amount invested daily. If you leave it as it is, you'll earn USD$8.50 after 9 days, a total of 17%. This will be your minimum earnings.

Every month, you're allowed to "cash out" 3 times with the minimum cash out sum being USD$10. So for example, you invest $50. After 2 days, you'll have accumulated $13 at the rate of 13% a day. Cash out the $13, and reinvest the money into CompactSurfing, effectively starting a second 9-day cycle. These two cycles will then run concurrently, generating an extra USD$2.21 after the end of the second cycle. The figures may seem small right now, but with a little careful manipulation coupled with increased daring as you see your profits coming in, you'll end up making a quite a handsome profit.

Now, like any self-respecting money-generator, there's the issue of referrals. Each referral will earn you 5% of their invested amount. So, let's say you list me as your referral, and you invest $500, I'll earn $25. That's it. I won't profit from your earnings, but with each new investment that you make.

That's about it. So how do you get started? First, you need to register an E-gold account, which works similarly to PayPay and will act as a bank account between you, and CompactSurfing. You'll deposit money to CompactSurfing using E-gold, and likewise, when you cash out your earnings, CompactSurfing will deposit the money into your E-gold account.

Once you've got your E-gold account set up, you'll need a way to get funds into that account. There're many services out there, but the one I'm using is Bank2Gold. How it works is that you submit a "Buy" order form, providing your email address and the amount of E-gold you wish to purchase. The company will then email you with instructions to wire the amount of money required in SGD to a DBS Account. Upon receipt of your money, they'll proceed to update your E-gold account with the requested amount. It's that simple. I tried it today, and the whole process took about an hour.

Try CompactSurfing. I'm in it, with a total investment of a pathetic USD$40. Haha.

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