I'm conducting an experiment over at Web Answers.
Basically, I want to see if I can start earning a little stream of semi-passive income on that website just by answering 5 questions a day. Of course, I will make an effort to offer detailed answers to those 5 questions but I want to see if I could earn a little extra money from just a little extra work every single day.
If you know what WebAnswers is, feel free to skip this paragraph and go to the next one. If you don't know what WebAnswers is, read this: WebAnswers is basically a revenue sharing question and answer site where people post questions and you answer them or vica versa. You earn revenue by answering questions and being awarded best answer status. It's a nice little way to supplement your income and it's worth checking out for sure.
Ultimately, when considering whether or not you should start contributing to WebAnswers, you need to measure your ROI(return on investment)... That's the whole point of my experiment. I'm going to devote 1 hour to answering questions on that site every day and see what kind of results I'll be getting revenue-wise. If I start earning a healthy little side-income from there, I'm going to stick to my guns and keep answering questions every day. However, if on the other hand, you only start earning 5$/day for spending an hour a day on there, it's just not worth it... The reason I say this is because 5$ for an hour of work is not even minimum wage... Heck, you could earn more by working at a McDonald's!
I don't have high expectations for WebAnswers. My hypothesis is that it will earn me less than 5$/day for 1 hour/day of work and if that is the case than I will abandon this project altogether but it still would be interesting to see.
One other idea I had was that a lot of the people on there are asking questions about how to make money online. I thought it might be appropriate to introduce them to an opportunity to build a Web BUSINESS I am promoting(see my signature box-top right corner of this page). However, I'm still not sure what is and what isn't allowed on there. I definitely do not want to spam that web site... but if I can promote this opportunity without breaking the rules, maybe WebAnswers will be a profitable venture after all.
All in all, I think WebAnswers is a fun way to spend your time especially in the fun and games section answering entertaining questions but my gut tells me that there's not that much money to be made on there and that it's just not worth the time and effort. I think Infobarrel is a much better investment in time and energy than WebAnswers, but we'll just have to wait and see.
PS. Make sure you check out my signature box(top right corner). This is how I plan on building a Web BUSINESS. I bet you can too!