First of all, let's talk about the different types of reward sites on the web. Generally, there are two types of Reward Sites: ones that give you a chance at winning for using them, and ones that give you some type of currency for using their website. Your next question might be: what do these websites pay you for? Most of them reward you for:
Now let's answer the question asked in the title, which is:
- searching the web
- taking surveys
- completing simple tasks
- playing games they offer
- completing partner offers
- watching videos.
Now let's answer the question asked in the title, which is:
Are Reward Sites Worth Your Time?
However, before I answer this question, you must first decide what your time is really worth, and what you want to earn from those websites. Time is a limited resource, so deciding what you want out of your time is very important. One way to do this is to decide what your monetary goal/hour of your time is.
For example: If you decide your time is worth $15/hour, and you think of reward sites only as a way to earn money, then reward sites are probably not your best option.
However if you decide that your time is worth around $5/hour, and you enjoy doing things that different reward sites offer, then they might be for you.
Now take a minute, and decide what your time is worth. Below you can find some things to factor in when judging the worth of your time.
Now that you've decide what your time is worth, let's talk about the Pros and Cons of different reward sites, and what they can offer you.
For example: If you decide your time is worth $15/hour, and you think of reward sites only as a way to earn money, then reward sites are probably not your best option.
However if you decide that your time is worth around $5/hour, and you enjoy doing things that different reward sites offer, then they might be for you.
Now take a minute, and decide what your time is worth. Below you can find some things to factor in when judging the worth of your time.
- The amount of money you receive per hour of doing this certain thing
- The amount of joy/fun you have while doing it
- The amount of knowledge you receive while doing it
- The opportunity cost of it. (What would you be doing, if you weren't spending your time on these websites? Would it be worth more or less?)
Now that you've decide what your time is worth, let's talk about the Pros and Cons of different reward sites, and what they can offer you.
Sweepstake Reward Sites
If you enjoy spending your time playing games, and you're not in this to earn money, but more to get that euphoric feeling of winning something, then websites like this are for you!
These include websites like Candystand, Publishers Clearing House, and others where you play games or complete tasks for a chance to win a prize.Your chance of winning is almost always tiny, and if you do win, it won't be much.
This site is not worth my time simply because I use reward sites to earn extra cash, and I like being in control of how much money I receive every month. With websites like this however, it's all based on luck which I don't find very enjoyable.
However, as I said before, if you don't care about the money as much as a feeling of winning, and/or you like gambling, then these websites might be worth it for you.
For the majority of people who will read this guide these types of Reward Sites will not be for them, because they will want to know exactly how much money they receive from their efforts.
These include websites like Candystand, Publishers Clearing House, and others where you play games or complete tasks for a chance to win a prize.Your chance of winning is almost always tiny, and if you do win, it won't be much.
This site is not worth my time simply because I use reward sites to earn extra cash, and I like being in control of how much money I receive every month. With websites like this however, it's all based on luck which I don't find very enjoyable.
However, as I said before, if you don't care about the money as much as a feeling of winning, and/or you like gambling, then these websites might be worth it for you.
For the majority of people who will read this guide these types of Reward Sites will not be for them, because they will want to know exactly how much money they receive from their efforts.
Point Reward Sites
If you prefer knowing exactly how much money you receive for your online efforts, or you just want to make a bit of extra cash for doing the same things you'd normally do online, then these websites are for you.
They consist of the very famous websites like Swagbucks, Bing Rewards, or InBoxDollars. The idea behind them is simple: you use their search engines instead of Google, and they'll give you either reward points that you can cash in for gift-cards, or real money.
How does this work, you might ask. Are they really so generous that they give away money for free? If only things were so simple. Bing simply wants more people to use it, so they can compete with Google, while Swagbucks and InBoxDollars have ads that show before your search results that make them money.
Now the big question:
They consist of the very famous websites like Swagbucks, Bing Rewards, or InBoxDollars. The idea behind them is simple: you use their search engines instead of Google, and they'll give you either reward points that you can cash in for gift-cards, or real money.
How does this work, you might ask. Are they really so generous that they give away money for free? If only things were so simple. Bing simply wants more people to use it, so they can compete with Google, while Swagbucks and InBoxDollars have ads that show before your search results that make them money.
Now the big question:
Are Point Reward Sites Worth It?
If you want to earn some extra spending money for food or other expenses, without spending much time on these websites, then you can earn $5-$10 every month just for using their search engines and having their app installed in your browser.
However, if you want to actually earn real money (at least $4/hour) with these websites, it might be doable if you're an amazing gamer (Swagbuck tournaments have high prizes, and it's possible to earn over $10/hour if you're great at flash games), but otherwise, you're probably better off doing something else.
However, if you want to actually earn real money (at least $4/hour) with these websites, it might be doable if you're an amazing gamer (Swagbuck tournaments have high prizes, and it's possible to earn over $10/hour if you're great at flash games), but otherwise, you're probably better off doing something else.
Closing Words
For those looking for get rich quick schemes, reward sites are probably not something you'd want to do, and even if you're willing to spend hours a day on those websites, you probably won't make much. However, they can add a nice cushion to your income if you combine them with other ways of earning money online.
Remember, it's important to decide what your time is worth to you, educate yourself constantly, and learn high to provide value to people. That's the biggest key to making money, whether online, or offline.
Thank you for reading, and I hope you found this interesting!
Remember, it's important to decide what your time is worth to you, educate yourself constantly, and learn high to provide value to people. That's the biggest key to making money, whether online, or offline.
Thank you for reading, and I hope you found this interesting!
Image Credit: Images courtesy of ratch0013/ FreeDigitalPhotos.net