Predictify: Make Money While Having Fun Predicting!

Posted by Abbas ||

November 14, 2008 ||

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Adding to the list of gazillion concepts of making money is Predictfy.com. It’s an interesting social concept of asking a question based on a future event whose answer is not known to anyone, however, users leave their predictions as the answer and the prediction which is the closest to the actual outcome is the winner.

As the site puts it “It’s like fantasy sports for everything else.”

The site was founded in 2007 by Parker Barrile from Google and Mike Agnich from Zazzle who met in Stanford MBA program.

One thing you will notice on the site is that there are no ads on the site. So how does Predictify make money and how do the users make money from Predictify?

The site accepts something called Premium Questions where advertisers pay $1 for each prediction that particular question receives. Money made on the premium question is shared with predictors based on their accuracy level.

As a user every prediction you make that is closest to the outcome adds to the accuracy level and the bonus and payout to each user depends on the accuracy level of the user.

Another option of making up to $100 a week on Predictify is by posting a question. The question that gets the highest number of predictions in 7 days gets the winning amount. The winning amount is credited to the users account which can be withdrawn to a Paypal account or the users can request for a paper check. Minimum withdrawal amount is $20.