MindSumo a creative alternative to obtain money for college.

MindSumo is an awesome site that allows college students the ability to solve problems for companies, and have the ability to earn money while doing it. Basically, companies post a question or an issue they have, which is usually up on the site for around 30-45 days, and you provide feedback, or a solution for their problem. The company reviews all the submissions entered. 

The criteria varies for the payouts. Some of the companies pay the top 3 solutions a predetermined amount ( $150 is normally split between 3 solvers), or there is a set amount displayed next to the challenge ( normally $1600 ). This amount is distributed between a specific percentage of the entrires(normally the top 50%, but it can vary).

This payout option can yield bigger payouts, as if only a small number of solvers enter the bigger the payout for each solver. Here's an example, if the challenge offers $1600to thetop 50% and  runs for 30 days, and at the end of 30 days the company has only received 45solutions. Half  of those solutions/ideas entered will be paid a different percentage of the payout which is determined by where youre solution ranks with the company.  With the top 10% spliting $1000, the next 15% sharing $400, and the next 25% sharing $200.

In a recent challenge where only 45 solutions where entered the top 10% received $200 each for their submission.!

MindSumo provides students an alternative to traditional scholarships and can even serve as a flexible part-time job for students with busy schedules.

MindSumo offers financial rewards to students for their hard work and creativity in developing a solution. They want students to develop recommendations that they would be proud to present to an executive.
The site stresses that their main goal is to direct students on professional skill development as part of their experience, as well. Encouraging solvers to include MindSumo company collaborations on their resumes.

So if you're looking for extra money to fund your education, MindSumo is another place to do just that. Give it a try.

 



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