UPDATE: I have written a new post on Mylot to share my thoughts and earnings. To read the update on Mylot click here.

If you enjoy socializing and would love to earn while you chat, check out MyLot. MyLot is an online social site where members start discussions, respond to others and get paid for it. The pay is pennies but if you enjoy chatting at online forums why not get paid? Pennies add up.

MyLot has thousands of discussions and several hundred thousand members so there are many interesting threads. With so many choices you can choose to talk about gardening, parenting, making money, dating, whatever you enjoy, there is most likely a category for it on MyLot.

Sign up for a MyLot account here. Once you have joined, jump in the discussions. To make money your thread starter or response to a thread must be at least 3 to 4 sentences long. You don’t get paid to respond to your own threads and if you add pictures you get paid more. You also get paid to refer others to MyLot with a percentage of earnings from the time they spent on the site.

You are allowed to post links on MyLot also and it is encouraged. So you can post links to your blog, website, hub pages, eHow etc. The drawback is you cannot cut and paste a link untill you have earned a high number of points. So be consistent and visit MyLot frequently to earn points and pennies.

Payout at MyLot is at a $10 minimum through Paypal. Grab a cup of coffee, sign up for MyLot, start earning some pennies and make new friends.