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How did various Quora members make their first money?
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categorylife
typeeveryone
tynamite
tynamite's avatar I make my first money from my website 3 years ago, that had no money put towards it. It had no paid advertising, investment, or running costs going for it. I coded, designed, and hosted it myself all for free using a free domain name. I got members from forum posting and word of mouth. Basically, I was to put no money towards it as part of the experiment.

Unhappy with the low payments offered by Get Paid To Click websites, I decided to make my own GPT website called Your Price. The GPT Survey market had already been cracked, so I decided to enter the disappointing GPT Click market. I don't like to reinvent the wheel so I wanted to make something new. Most GPT Click websites pay people fractions of a cent, for each advert their members view. I decided to change that, by paying people an amount of money they would be happy with. Members of Your Price got $0.10-$0.50 for each advert they clicked. Let's call them earning opportunities.

I made up a currency called ycrows, so that when people completed earning opportunities for looking at web pages for 12 seconds, they would receive a ycrow with a maximum $x.xx value. In five days, their ycrow would convert it into $USD, and they could withdraw their earnings once they reached $1. I was giving away lots of money to strangers over the internet, but I carried on anyway as part of my experiment to see whether Your Price would work. I thought to myself "This is so crazy, it just might work." I'm a risk taker who is always thinking of elaborate plans.

People typically got $1.10 for viewing 10 adverts (web pages), sometimes more. People with 5 referrals got $2-3 for that, sometimes for just commission.
Also no money was to leave their hands. That was a requirement of the experiment. As I was giving away so much money, the number 1 question I was asked by nearly everyone, every week, was "How does Your Price make money?" and "How are the ycrow values calculated?" Both questions I refused to answer saying they are trade secrets. Everyone knows that advertisers can't afford to pay you $0.30 for viewing their advert.

In short, I gave away $14.10 of my own money, over 2 months, collectively to 7 people and made revenue of $25, leaving me a 43.6% profit. That happened in the first cycle. The second cycle would only give me more money even quicker.

I created a secret system, where I got paid to give away my own money.
Running Your Price was one of the best times in my life, for four reasons. I was doing websites which I was passionate in, I was making money, and I was a saviour. I helped poor teenage Romanians make the first legal money they could, in their corrupt country whilst I learnt about them. I learnt lots about running websites and Romania.

Running Your Price every day was like printing my own money, or getting paid to give to charity.
I shut down Your Price as I didn't have a job at the time, so I didn't have enough money to put into it, so I couldn't launch the second cycle. Your Price is a medium risk and short term investment, so I want to have loads of money before I launch it again. So launching it again isn't in my plans for now. I plan to launch it again later. Maybe I should do it now anyway.
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