Could Swagbucks Be A Good Source of Passive Income?
Ever since I started my career online in 2012, I have always been on the lookout for easy passive income opportunities. My current online business is helping with Facebook Ads, and although it is pretty steady work; it is quite time-consuming, finding new clients – working with clients- monitoring all of the ads. I mean I don’t mind the work but it isn’t exactly the #freedomlifestyle that one would hope for. One of my current goals is to spend less time at my desk and more time enjoying my children, so achieving a good amount of passive income has become a new focus of mine. Although, I am always wary of too good to be true “make money online opportunities” I am not against experimenting with different things and seeing how they work. I have had enough experience in the online space to be able to quickly weed out if something is going to be a “time-suck” or a money-maker…
Which leads me to the topic of today’s blog and that is Swagbucks.
I had seen Swagbucks mentioned on a few other people’s blogs about affiliate marketing and passive income. At first, I thought Swagbucks was similar to E-bates ( A website that I am quite a fan of BTW) which is why it first grabbed my attention. However, once I signed up for it and started playing around I realized that Swagbucks wasn’t like e-bates at all, but instead a gamified beginner level affiliate marketing, paid surveys, and some other random actions that you can do online and get paid for. Sorry if that seems like a weird description, Swagbucks really hard to describe because there is such a medley of “stuff” involved in the site.
At first glance, it looks like the payouts for performing these actions are really high, and you may feel enticed to dive right in. But watch out because what the payouts actually are “Swagbucks” – kinda like arcade tokens that you cash out and redeem for Amazon and Paypal cards. This is important to know because when it says you get 50 Swagbucks for a survey you are actually only getting a couple of cents.
According to the redeemable gift cards – $1 USD is equal to 90 Swagbucks… so you need 450 Swagbucks to get one $5 gift card. That’s a lot of work for very little payout.. or is it?
You see one feature of Swagbucks is that you can install the browser extension that will automatically determine if you are doing “Swagbucks” earning actions – and you get Swagbucks automatically just for having the browser extension installed. Okay, so I can handle that – even if it doesn’t payout high I am not against earning a little here and there just for my normal online behaviors.
Like with E-bates and Honey Extension you can also get $5 dollars just for referring your friends to Swagbucks. Like I explained in my blog posts about those two beginner level money makers – you could potentially plug your Swagbucks referral link into your Instagram and start earning money by just telling people about the program.
Other ways to make “Swagbucks” ( redeemable for Amazon and Paypal gift-cards ) on the Swagbucks website:
– Shop online cash back ( get cash back from Swagbucks when you make purchases on affiliated websites )
– Answer surveys and earn Swagbucks good “time killer” probably not gonna see a huge return…
– Watch specific viral videos, and get Swagbucks just for watching… interesting, but again not a great time investment ( but definitely do if you are watching videos anyways )
– Sign up for product trials and coupons, you don’t have to buy – you get Swagbucks just for signing up for the offer
– Use Swagbucks ( powered by Yahoo ) as your default web browser… ( interesting, if you don’t mind switching your default browser… )
– Play Swagbucks online games and earn Swagbucks … [ This is sort of hilarious, Are there child labor laws in place preventing a person from having their kids play online games so I can make the Swag-
Asking for a friend …]
– Use the Swagbucks app to do all of the above – YES! I was hoping that they’d have an app.
Okay so if we really want to talk about Swagbucks as a passive income opportunity then I would give it a thumbs down. Why, because REALLY when it comes down to it, earning with Swagbucks isn’t passive at all – it requires “action” and keeping up with the program. If you wish to make money Swagbucks you need to be really active on Swagbucks, performing the various actions that earn you those fun tokens that you can then trade in for real money ( but in the form of gift cards only ). Personally, I can’t imagine anyone doing this enough to make it a full-time gig but I do see it as a fun boredom killing activity that is “in the end” worthwhile.
These bucks could potentially add up – particularly the $5 refer a friend deal, so I would not dismiss Swagbucks completely.
That said, if you are looking for a way to make money online and do less – then this probably isn’t the route to go.
What I like about Swagbucks ( to wrap on a positive ) is that the process of earning is “gamified” and I am a sucker for any program or application that turns otherwise boring and repetitive tasks into a game. Rather than just being like other cash back and paid survey websites that are boring as all hell, Swagbucks has turned these processes into “fun games” with daily goals and quotas. I think that this is a nice touch and absolutely novel – for this reason alone, Swagbucks is worth looking into.