Many of us continue to spend more and more time online as websites support our daily activities.
The Internet has also created a new wave of job opportunities in providing online business models. And of course, it also offers us entertainment through videos, social media and shopping.
Overall, I get really excited about the earning potentials of online business and that it can replace sitting inside in a cubicle for many people. In today’s post, I’m sharing my experience in checking out Swagbucks, a website that rewards you for your online time investment and provides yet another online money-making opportunity.
What is Swagbucks?
According to the website, “Swagbucks is the leading destination for earning real rewards through online activities you already do every day.”
Swagbucks offers online reward earning activities through shopping, searching the web, answering surveys, watching videos, playing games and simply telling your friends about Swagbucks.
If you’re open to investing a little bit of your time each day with Swagbucks, your rewards can begin to add up and provide you some extra money in your budget each month.
What are Swag Bucks?
Swag Bucks, points, called SB, are the proprietary currency developed by the creators, Prodege LLC (more about them shortly). Each SB is basically worth a penny. Sometimes they can be worth a little more depending on special exchange offers. SB are rewarded after you do something, such as take an online survey.
After signing up for my Swagbucks account I decided to check out some of the ways I could earn SB.
Here are some examples I found:
Examples of Ways to Earn SB
- 4 SB per $1 spent at Wal-Mart.
- 6 SB per $1 spent at Old Navy.
- Refer a friend to Swagbucks and earn 10% per life on what they earn. Your friend earns 150 SB from completing a survey and you get 15 SB, every time.
- Earn up to 500 SB per day watching videos on your computer, and more if you watch through their flagship Swagbucks app or Swagbucks TV app.
- Answer one 18 minute survey for 75 SB. There are many more survey offers.
Once you’ve accumulated enough SB you can simply visit the online rewards store and convert your bucks to gift cards across numerous categories. While you can’t convert SB directly to cash, I did find that you can trade them for PayPal gift cards which immediately puts cash in your PayPal account that can be transferred to your checking or savings account.
Personally, I like the idea of redeeming my SB for certain areas of our family budget such as groceries, gas and entertainment gift cards. If you’re feeling generous, you can also redeem them for donations.
Examples of Rewards at Swagbucks I found:
Examples of Swagbucks Rewards
- $5 Amazon Gift Card for 500 SB.
- $10 Starbucks card for 1000 SB.
- $25 eBay gift card for 2100 SB (on sale). Note, this item increases the value of SB.
- $100 Hyatt card for 10,000 SB.
- $25 Wal-Mart gift card for 2200 SB.
- $50 Exxon Mobil gas card for 5000 SB.
Hopefully, you’re getting the idea and why earning SB can be a lot of fun.
Who’s Behind Swagbucks?
Swagbucks is owned by parent company Prodege LLC out of the Los Angeles area. Prodege was founded in 2005. If you browse their website you’ll see several different online products, including Swagbucks. They specialize in a number of services including user engagement (shifting the perspective from products to people), brand discovery, shopper marketing, market research and rewards programs.
The CEO, Chuck Davis, was the previous CEO of Fandango and Shopzilla/Bizrate. The founder, Josef Gorowitz, was recognized as Ernst & Young’s 2014 Entrepreneur of the year in Los Angeles.
Is Swagbucks a Legitimate Business?
Swagbucks currently has over 20 million members. According to Wikipedia, as of November 2015, Swagbucks is ranked by Alexa Internet as the 153rd most visited website in the US and 675th globally. That just goes to show the popularity of Swagbucks and how many people are using it.
The parent company Prodege LLC and Swagbucks have a Better Business Bureau rating of A+. It’s worth checking out the page and reading about them.
While there are a few complaints, based on the rating, Swagbucks takes action and does what they can to resolve them. With this rating and the membership, it goes without saying, they are legitimate business model that supports their customers.
How Private is Your Information?
Hopefully, by now you have a better understanding of Swagbucks and the company behind it. There are certainly many people using this platform to earn rewards and make extra money online. To be up front, your earnings do come with a price.
When you join Swagbucks you’re agreeing to provide certain personal information that can be used as part of these services and provided to marketers. Also, don’t forget that you’re also giving Swagbucks your time in return for rewards.
When I signed up, I provided information about where I live, my age, kids ages, gender, marital status and location. Marketers want to know about you so they can gather the data and information necessary to make their products better as well as improve their marketing plans.
Personally, I didn’t have a problem with this. From my perspective, this is a controlled way of obtaining such information and providing me with rewards for opting in.
How Do You get Started with Swagbucks?
Getting started with Swagbucks is super easy. You simply create an account via the homepage, set up your profile in just a few minutes and you’re off and running.
Swabucks is offers a $5 signup bonus. You must earn 2,500 SB within the first 60 days of membership. The bonus is awarded within 1 day after you qualify.
It took me only a couple of minutes to set up my account and to begin discovering all the different ways to earn. I earned about 30 SB simply by signing up, completing my profile and trying out a few surveys.
Overall, I found the website to be super user friendly. All the different ways you can earn are listed across the top of the website in a horizontal menu. Simply go to the ones that interest you the most and begin to earn SB.
A Few Ideas to to Maximize Your SB Earnings
I’m certainly not an expert as I just signed up myself, but I thought I would share a few tips and ideas that come to mind for earning SB. That said, I’m interested in getting thoughts from the more experienced users in the comments section below.
- Set aside time – I don’t think you’re going to hit a SB jackpot and pay your monthly grocery bill in one setting. If this method of earning extra money interests you, consider setting aside an hour or less a day at a specific time to use the website.
- Give it time – Strategies for earning rewards have to be developed over time. Be patient and consider giving Swagbucks a one month trial to see what it can do for you and your family.
- Share to maximize earnings – It appears that the best way to earn a lot of rewards is in sharing this platform. If you can get your Facebook friends using Swagbucks, you’re going to be earning 15% on their spending which can really add up. And they’re likely going to be motivated to spend if they’re receiving SB just like you.
- Consider Surveys – Surveys also seem like a great opportunity for earning, but keep in mind you won’t qualify for all of them. Swagbucks will provide you with 1 Swagbuck for attempting a survey, but based on the personal information you share, you may not qualify to complete it.
- Go mobile – Finally, don’t forget to go mobile and download the Swagbucks mobile app for your smart phone. Using the mobile app allows you to work on earning rewards while on the go which can save you from the time investment at home.
While it may seem strange that you can earn money by taking surveys, shopping, searching the web or watching videos, this has become yet another avenue to help support monthly budgets. Overall, I like what Swagbucks and Prodege are doing in what appears to be a controlled environment between markers and consumers.
Overall, Swagbucks appears to be quite a popular way for people to earn rewards and extra money by spending some extra time online. That’s evident in the membership numbers, Facebook likes and BBB rating.
Click here learn more about Swagbucks.
Also, have you had any experience with Swagbucks? If so, please let us know about it in the comments.