HOW TO EARN ONLINE WITH MINDSUMO, IS IT LEGIT OR A SCAM?
Updated: Mar 18
Mindsumo earns you money by solving problems. It is a crowdsourcing site. It's legit because you get paid to provide answers and solutions to real business challenges.
To earn from MindSumo, you need to participate in challenges. These challenges are real business problems that companies need help solving.
Once you become a MindSumo solver, you gain access to the member dashboard or the MindSumo app, providing you with the opportunity to explore and engage with a variety of available challenges.
As a solver, you may also receive email notifications informing you about challenges that you are eligible to participate in.
It's worth noting that while browsing the available challenges, you may come across some that are exclusively reserved for top-tier problem solvers. Although these challenges will still be visible to you, if you haven't achieved top-tier solver status, you won't be able to participate in them. However, I will discuss later on how you can elevate your solver ranking and become eligible for these exclusive challenges.
When you encounter a challenge that piques your interest and aligns with your expertise, simply click on it to delve into the full details. Each challenge comes with a specific set of deliverables that you need to submit in order to have a chance at winning the rewards associated with the challenge.
To facilitate your participation and solution submission, MindSumo provides clear guidelines and deadlines for each challenge. In many of the challenges I have personally participated in, the questions to be answered already had a predetermined set of possible answers from which you could choose. However, the more challenging aspect lies in explaining and justifying the solution you are offering for the given challenge.
After you have meticulously crafted your deliverables and submitted them within the designated timeframe, all that remains is to patiently await the conclusion of the challenge. Once the challenge ends, the company that posted it will embark on the task of reviewing all the submissions received. It's important to note that this review process may take up to two weeks, as the companies thoroughly evaluate the solutions and consider their viability.
Ultimately, the company will select and reward multiple winners based on the merit and quality of their submissions. MindSumo endeavors to ensure that each challenge results in multiple winners, amplifying your chances of being recognized for your problem-solving prowess and ingenuity. I will delve into the details of the rewards and how you can earn as a solver in the forthcoming section.
One crucial aspect to bear in mind is that the challenges you encounter on MindSumo often demand creative and out-of-the-box solutions. If you possess a strong inclination towards creative thinking and problem-solving, your likelihood of earning rewards from this platform significantly increases. Therefore, it is essential to consider your creative aptitude when evaluating the potential for success on MindSumo.
When it comes to getting paid on MindSumo, the process is fairly straightforward. As mentioned earlier, in order to earn, your solution needs to be chosen by the company that posted the challenge. Once the challenge concludes, there will be multiple winners who will receive a specified amount for their contributions.
Let's take a closer look at how the rewards are distributed on MindSumo.
For instance, in a given challenge, the top 25% of submissions may be eligible for rewards. However, the winners will be further categorized based on their ranking. Let's say the top 5% will share a prize pool of $1,000, the next 7.5% will share $400, and the remaining 12.5% will share $200.
It's important to note the keyword here is "share." Using the example above, if the top 5% comprises only two individuals, each person will receive a reward of $500. Similarly, if the next 7.5% also includes two people, they will each receive $200. Finally, the remaining 12.5% will distribute the $200 prize pool among themselves.
This is how the winnings for each challenge are calculated.
However, it's crucial to remember that the percentage of participants receiving compensation will be determined by the company. Some challenges may reward 50% of the participants, while others may only reward a smaller percentage.
Now, let's address how you can withdraw your earnings if your solution is chosen. MindSumo provides a convenient payment option through PayPal. The great thing is, you don't need to reach a specific threshold to withdraw your earnings. You have the flexibility to withdraw your earnings whenever you desire.
The payment system on MindSumo is easy to understand, and the availability of PayPal as a payment option adds to its convenience. PayPal is widely recognized as one of the most accessible and user-friendly payment methods available today.
In terms of the amount of money you can make on MindSumo, it's important to note that the potential for earning is quite substantial. If your solution is chosen, you have the opportunity to earn hundreds of dollars. However, it's worth mentioning that the competition on the platform is fierce, and providing solutions to the challenges is not an easy feat.
Nevertheless, if you possess the necessary skills and are willing to put in the effort, MindSumo can serve as a valuable source of extra income. Keep in mind that the availability of challenges may not be consistent, and some challenges may be limited to top-tier solvers.
Becoming a top-tier solver should be your goal as a MindSumo participant, as it opens up more opportunities to earn. While they don't explicitly state the exact number of highly-rated solutions required to achieve top-tier solver status, MindSumo will inform you when you reach this level of distinction.
In summary, MindSumo offers a legitimate platform where you can earn money through your problem-solving abilities. The payment process is straightforward, with winners receiving their rewards through PayPal. While the competition may be tough, being a top-tier solver can provide additional earning opportunities.
Pros:
MindSumo offers high rewards, providing the opportunity to potentially earn a significant amount of money.
The platform offers payment through PayPal, which is known for its convenience and accessibility.
There is no payout threshold, meaning you can withdraw your earnings at any time without having to reach a specific minimum amount.
Cons:
MindSumo does not guarantee earnings, as the selection of winning solutions is based on the company's discretion.
Earning from MindSumo requires a certain level of creativity and problem-solving skills. It is essential to think creatively and offer unique solutions to have a chance at earning on the platform.
Conclusion: One aspect that stands out about MindSumo is the enticing prospect of high rewards. The platform provides an opportunity to earn a substantial amount of money if your solution is chosen. However, as I mentioned earlier, MindSumo is not suitable for everyone, as it demands a specific skill set. To be successful on this site, you must possess strong problem-solving abilities and demonstrate creative thinking. These qualities are crucial for crafting innovative and compelling solutions that have a chance of being selected.
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