Does Swagbucks work? Is it a worthwhile use of your time? Or just another scam site with big promises and long-shot chances? In this Swabucks review for 2015 I’ll go in depth about what’s needed to earn money from the program and whether it’s a good choice for you.
The short answer: Swagbucks can work, and it’s a great way to earn a little extra money in your spare time. I earned my first $50 within 2 hours of signing up for the program.
If you haven’t already, click here to get started with Swagbucks.
What Is Swagbucks?
Firstly, let’s look at what, exactly Swagbucks is.
Swagbucks is a popular deal, survey, and offer site that rewards everyday users like you and me for interacting with brand sponsors. If you haven’t come across it before, you can click here to sign up.
The premise is simple: many companies are willing to pay for people to watch a video ad, complete a survey, submit an email address, or sign up for a free trial. As an individual, the amount of money you could make going out and finding these programs on your own would be very limited.
Swagbucks provides the platform that lets anyone sign up and easily access hundreds of these different offers and surveys. The brand advertiser pays them when you complete one of the actions, and they pass that payment on to you in the form of credits.
When you have enough credits, you can redeem them for gift cards or cash.
What You Have To Do
As a user, there are dozens of different ways to earn credits, and literally hundreds of offers to choose from. Chances are you won’t qualify for all of them, but you’ll have a good range to choose from, based on your personal demographic information.
Some of the popular ways to earn credits are:
- Email submissions/list signups
- Watching ad video clips
- Signing up for a free trial
- Signing up for a paid trial
- Printing a coupon
Note that not all of the offers are free. Many of the higher paying deals require you to make a purchase or submit credit card information for a free trial. Be careful here, but it is possible to get more value from the Swagbucks deal than the actual value of the purchase.
For example, I signed up for a $1 Audible trial. That trial earned me $500 credits (which is “worth” about $5 in gift cards) plus I got several free downloads from the Audible system.
All in all, I received $20-30 of value from a $1 purchase.
Does Swagbucks Really Work?
The short answer: Yes, but not everything is “easy.”
After spending some time using the platform, I can safely say that Swagbucks is NOT a scam.
The first money you’ll earn is pretty easy. I was able to complete a large number of their offers, receive credits, and redeem those credits for an Amazon gift card. You can also get cash (paid to Paypal), but the gift card was a better deal and I buy stuff from Amazon all the time anyway, so I took that instead!
The company does exactly what it claims to do, and it credits and pays its users in a timely fashion.
But to me, that’s about where the good news ends…
Most of the higher value offers require you to either submit your credit card or make a purchase.
This is great if you were already planning to buy a product anyway, since you can get great deals, get products for free, and even turn a profit (as in my Audible example above). The downside is that you have to, well…make a purchase.
The free activities, like completing a survey or watching a video clip, can add up to enough Swagbucks to get a gift card or cash. This will take some time, however, since you’ll be earnings only a few credits (aka: a few pennies) per activity.
Not only that, but since most of the deals require you to have 500 Swagbuck credits to cash out (roughly a $5 value), it’s easy to be left over with credits that you can’t really use.
Is The Swagbucks Business Model Right For You?
So, is the Swagbucks business model something you should pursue?
I’d say it’s worth a try, but I definitely wouldn’t build a business around it. As I mentioned above, I was able to earn about $50 in my first 2 hours on the system. I completed a number of freebie offers, and didn’t spend a dime of my own money. In exchange I got 5,150 swagbucks as credits, and could redeem 5,000 of those for $50 sent to my Paypal account.
Yup, that’s right: I made around $25 per hour using their platform!
That said, it’s definitely not a long term business I’d want to be in, and after the first few offers it seemed to take longer and longer to get credits for free, and it comes nowhere near making my list of top home based businesses.
It’s working for pennies, and I’d much rather work for dollars. There are much better ways to make money, and in the survey niche there are several sites that payout way more than Swagbucks.
My favorite of these is Memolinks. In my experience their payouts for surveys are one of the highest in the industry, and unlike most survey systems they have a clear, professional system that makes it easy to track your earnings and get paid!
If you sign up using the link below, you’ll get $5 just for trying it out! Click the banner below to get started: