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Digital Journal.com is a user-news community that offers a revenue-sharing program for bloggers, internet users and citizen journalists.

Setting aside a portion of advertising revenues in a cash pool, the community allows members to make money based on their level of activity on the website.

How much you’ll earn very much depends on the number of news and video posts you submit. Commenting and ranking other user-submitted stories is also counted as a way to determine how much money you’ll take from the cash pool: The more you interact, the more you’ll earn.

How much money can you earn from Digital Journal?

Launched in November 2006, Digital Journal already has a healthy number of users who actively submit news-worthy material on the website daily.

Let’s take a look at the top five earners in January 2007.

Let’s further examine the top user for January 2007, a member by the username of cgull. A screen shot of his profile:

After doing some simple math, you’ll noticed that he posted around 350 articles and 280 images in a month’s time, while making around 1450 comments each month. Break it down further and you’ll get this daily upload ratio.

• 9 images
• 12 news articles
• 48 comments and rankings of other articles.

If you can manage this output (or more) consistently, you’ll probably earn US $150+ a month for your efforts. There’s no guarantee that you’ll hit this amount but judging by the top user’s output, this figure is definitely in reach if you take on an equally high workload.

Depending on your familiarity with the internet and Digital Journal, the above tasks might take you one to three hours everyday. Say it takes you two hours a day, this means that you’ll be “working” online for 60 hours a month in order to get get paid $2.50 an hour for your efforts. (150/60 = $2.5). You could probably make 10 times that amount per hour by completing offers at websites like CASH CRATE or writing sponsored posts for blog-based advertising networks.

What’s Cool

• Get Paid to share opinions on news articles
• Website can be a useful source of information
• A good way to promote specific posts or articles from your blog or press releases from your company or website

What’s Not

• Earning potential is very low - Not a reliable source of income
• Payment is only via Paypal
• Earnings Ratio not disclosed and transparent.
• No referral program or benefits for members.

Verdict

In the end, I feel that sites like Digital Journal cannot be an effective second source of income. There’s just too much work to do and the lack of transparency regarding the earnings algorithm just means that what you earn is unpredictable and therefore unstable.

If you work or study in the day, it might be too much of a hassle to put up news articles and speed-comment through other user submitted items.

I would suggest using Digital Journal like a casual user because investing time and effort on making money from it is a huge waste of energy and personal resources.

I think that financial benefits for websites like Digital Journal are largely geared towards the prospective site owners. By dangling a revenue sharing scheme as a carrot, they’ll easily able to make the website chock full of indexable free content while users get literally a few dollars an hour for their hard work.

This is of course, from a purely monetary perspective. If you enjoy interacting with others and browsing through interesting news items, you might find Digital Journal very useful and helpful indeed.