I just wanted to share my thoughts and opinions on the latest rave in the residual income writing world: ListMyFive. Personally, I think if they don't try to grow too quickly, that they stand a chance of being a viable option for earning some residual income. Of course, like most of these sites, they won't tell their "proprietary formula" for the earning structure, but as writers we just really want to know we're not going to waste our time - bottom line.
The lists are relatively easy to write, but I am noticing that just like at eHow, the less control over the content by the website, the more garbage is going to get thrown on there. LM5 will find they will eventually need some editorial control or they, like eHow did, will have a major content clean up to do. Unfortunately, new sites need large quantities of content therefore they take the good, bad and the downright ugly. But then they have to clean out the crap to keep the stuff that is actually something someone might be interested in reading.
Earnings are what most people are really interested in knowing about beyond the ease of writing for ListMyFive so I guess I need to touch on that. It's pennies. I'll be upfront with you on that. If you're used to dollars, you better write lots of good quality lists and then write lots more. I do feel that quantity+quality+SEO+time=good residual income so I plan on continuing to see if the site ends up living up to it's potential.
Here's more from me: Shirley Philbrick and where you can find me other than at LM5: Suite101, eHow, MaineReasonBlog, JourneysBlog