A
new service is being launched that has some potential to add to your bottom line.
Michael Arrington at Techcrunch posts about MyPickList, here is his take on it:
"Jeff Eichel’s MyPickList is better understood in terms of Yahoo Shoposphere - It’s a service to help people make money by recommending products they like to others. I’ve posted screen shots of how the service will look here.
"Collecting items will work very much life gifttagging - via a bookmarking function. Your lists will be published on the mypicklist.com website and via RSS. But more interesting, MyPickList will provide tools to users to promote these lists on their own blogs and websites. Users can promote a widget containing the items they are promoting or create a custom banner add with the items."
If anyone that makes a purchase based upon your recommendation, you will receive money for your efforts. Through MyPickLists' building of relationships with other online merchants, those making the recommendations will receive somewhere around 40% of the revenue made through sales.
One thing that makes it more user-friendly is that those making the recommendations will not be made to sign up as affiliates, rather MyPickList will take care of all the stats and will send out checks based upon the products bought.
This could become a nice new stream of income for online marketers. Some have wondered why people simply don't just keep using Amazon alone. The answer is that this is going way beyond products that are offered through Amazon to numerous companies represented out there. It will offer a much wider range of goods.
Overall it looks like it will have some real upside.
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