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How Can You Actually Earn Money from Amazon Mechanical Turk

How Can You Actually Earn Money from Amazon Mechanical Turk

If you’ve always wanted to make money online, there’s a new sheriff in town: Amazon Mechanical Turk. Mechanical Turk is a great place to begin your search for online income for several reasons. First, Amazon is a reputable company, and in a sea of spammy sites promising get rich quick schemes, you can rely on them to pay you for your work. I’ve already gone through the process myself and made $6.00, so I can attest to the fact that you will receive your money as long as you follow the guidelines. However, as with any online venture, you should definitely weigh the pros and cons before deciding to open an account.

Pros:

1. Easy Set Up

If you want to set up an Amazon Mechanical Turn account, simply go to their website, find the section where it says “Make Money on HITS (Human Intelligent Tasks)” and sign up. It takes 48 hours for approval, but once you get it, you can immediately start making money. You can search for jobs in a variety of ways. I just look at the ones that are right on the homepage to start out just to get an idea of what is offered.

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2. You Can Work From Anywhere

Whether you are waiting on the bus, sitting in a doctor’s office, or hanging out in front of the TV, you can be making money with Amazon Mechanical Turk, as long as you have a computer (or tablet) with a wifi connection. You can access your account from any computer anywhere, which makes it really simple to quickly and easily rack up money.

3. It Has Flexibility

Mechanical Turk doesn’t require you to meet a specific earning threshold to keep your account open. You can also create your account and close it whenever you want to, so there are no strings attached. Complete tasks at any time of day or night. Your schedule is completely up to you.

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4. There’s No Limit

So far, there’s not an earning limit on Mechanical Turk. You can learn earn as much money as you want, as long as you are willing to put the time in.

5. There’s Not A Lot of Skill Required

While some companies that provide work on Mechanical Turk prefer people with certain backgrounds and skills, most don’t. So, you don’t have to complete a degree to be eligible to work. In fact, as long as you are over 18 and meet basic requirements, you should be able to set up an account relatively easily and earn money the same day.

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So, now that we’ve gone through all of the pros, it’s only fair that we weigh the cons.

Cons:

1. The Pay Is Not High

If you get paid over $1.00 for a competed Mechanical Turk task, that’s good. Of course, the tasks shouldn’t take you very long. Most of them range from a few cents to $0.25. So, you won’t get rich off of it, but you can definitely put in a few hours worth of work and save up to help pay for something you want, like a video game or a new book.

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2. You Can’t Quit Your Day Job

A lot of people work online jobs in hopes that, one day, they can quit their day job. While I’m sure it’s not impossible, it’s also not likely that you will be able to work solely on Mechanical Turk. Really, it’s just something that you can do in your spare time to supplement your income and help you purchase a few items that you want.

3. Not A Lot of Room For Advancement

With many online work opportunities, there is room for advancement with different perks opening up for different levels. With Amazon Mechanical Turk, you can complete various tests to be certified in certain areas, but as of right now, there are no specific rewards for completing a lot of tasks and doing them well.

4. Some Questionable Opportunities

One type of job I saw offered on Mechanical Turk was that people can get paid to click on ads on various websites. If this is for personal gain as opposed to business research for the people advertising this job, it is actually against Google’s terms of service. I’m not saying every person who advertises this type of job is doing something unsavory, but please do your research before completing certain tasks.

Ultimately, how much or how little you can make from Mechanical Turk is completely up to you. While it may not be beneficial to seasoned freelancers who are used to a higher hourly rate, it can definitely be great for college students or those who are currently unemployed to try to make a few extra dollars. With a focused effort and a strategy to pick only high paying opportunities, you can definitely make minimum wage with Mechanical Turk. In a down economy when jobs are hard to come by, I think it’s a great option to pad your monthly income and enable you to purchase a few things for yourself.

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Catherine Alford

Catherine is the go to personal finance expert for educated, aspirational moms who want to recapture their life passions.

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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