Is Swagbucks a scam or an opportunity?

Is Swagbucks a legit or scam type of  opportunity?

smaller swagbucksSwagbucks is an online rewards website that “pays” the user with virtual currency known as Swag bucks. This virtually currency is “paid” to you in exchange for participating in several different online activities. These include: playing games, taking surveys, shopping, engaging in searches, and what they call discovering.

After you earn your “bucks” you are able to then trade them in for cash from paypal, spend them buying entries to win prizes, retail gift cards and other assorted rewards. Not exactly a cash cow. In order to give this site a proper review, I became a member so I could see for myself what kind of money there was to be made and decide for myself: Is Swagbucks a scam or an opportunity?

Who owns Swagbucks?

Swagbucks website: http://www.swagbucks.com/

Joseph Gorowitz is the founder of Prodege a company which among other things provides digital services such as content distribution platforms and online polling technology platforms. Prodege also owns and operates Swag bucks. In January 2013 Gorowitz appointed Chuck Davis as the executive chairman. So in other words Swag bucks is one company among many.

Everything  we have, everything  we know, everything we love, everything has a positive side and a negative  side. Swagbucks is no different. First let’s look at all the good things about swag bucks.

Positive

Quite a few aspects of Swagbucks strike me as positive. For instance: It doesn’t cost anything to join and they “paid” me some swag bucks to fill out my profile. I don’t remember how many.

Since no payment is required to join, a credit card is not required. Big plus.

It’s relatively easy to earn the swag bucks, especially the entries that reward you with between 1 and 5 swag bucks. Takes a long time to earn 1,000 this way.

I particularly like the swag stakes which is like sweepstakes. All you have to do to receive entries is “pay” however many swag bucks is required for an entry. The number of entries you obtain only depends upon the number of swag bucks you have to “spend”. I currently have 44 entries in three different “swagstakes” for a total of 75 swag bucks. Time will tell if I win anything. If I do, I will be sure to let you know.

Screen shot of My Swagstakes. Click on it to see enlargement

They also have the variety of categories of prizes you can choose from. Travel, sports and outdoors, music and entertainment, food and drinks, technology, electronics, there is even a category for charitable donations.

Negative

All the  “prizes” are only redeemable through the use of gift cards. This is not really negative until you look a little closer, One actual dollar is equal to 100 swag bucks. So if you  cash in 1,000 swag bucks you receive a gift card for $10 that’s it. Do you knoe how long it takes to earn 1,000 swag bucks?

Surveys

Don’t even get me started with the surveys they direct you to. Participating in online surveys leaves a bad taste in my mouth. I had a seriously horrible experience with online surveys and I wrote about it somewhere here on my website but I can’t seem to locate it. When I find it I’ll let you know.

No real dollars are actually earned yet this is what they advertise. I don’t know about you but I would like to earn actual money.

Games

Some of the games offered are free, but if your score isn’t high enough, no swag bucks are earned. The only way to earn many bucks is to register for one of the games that you have to pay to play and then you have to buy tokens or chips or whatever. Mo money you spend.

As I mentioned above it’s easy to earn the SG’s ( tired of typing swag bucks ) but you only earn a small amount each time. The only way to earn large amounts at a time is to spend money. represented as “shop” on the SG browser bar. Then after you purchase something SG’s can take between 32 – 92 days to be awarded. Also, check out this screenshot on one of their “offers”.  Notice the disclaimer below it.

Click here to enlarge screenshot

Have you read their privacy policy?

You know. privacy policies are an essential part of every website that inhabits the internet. In fact it is required by law. Unfortunately not many people take the time to read these when they give up their personal information to a website. While SB guarantees they aren’t selling your personal information they disclaim what other websites  do with the information you provide. Here is an excerpt:

Third Party Links

The Swagbucks.com Sites contain links to other sites on the Web. Please be aware that the Company is not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave the Swagbucks.com Sites and to read the privacy statements of each and every Web site that collects personally identifiable information. This privacy policy applies solely to information collected by Swagbucks.com Sites.

Third Party Advertisementsprivacy

The Swagbucks.com Sites may contain links to various other sites that are not owned by the Company. While the Company makes every effort to ensure that its advertisers post clear and complete privacy policies and observe appropriate data practices, each of these sites has a privacy policy that may differ from that of the Company.

The privacy practices of other websites and companies are not covered by this Privacy Policy. Please be aware that the Company is not responsible for the privacy practices of such other sites. The Company encourages you to be aware when you leave the Swagbucks.com Sites and to read the privacy statements of each and every website that collect personally identifiable information.

Some of these ad networks may place a persistent cookie on your computer. Doing this allows them to recognize your computer each time they send you an online advertisement. In this way, ad networks may compile information about where you, or others who are using your computer, saw their advertisements and determine which ads are clicked on. This information allows an ad network to deliver targeted advertisements that they believe will be of most interest to you.

So be careful if you enter another website and read the privacy policy

So here’s what I think….

Click here for enlargement

I don’t think SB is a good opportunity to make money. In fact, I think it is a lousy opportunity. I also think it is a ruse to get people who are already spending their life in front of a computer to either spend money or watch advertisements.  I mean seriously who in their right mind would want to get paid in virtual $$$$$?

They aren’t scammish in the sense that they obviously give out these gift cards people “pay” for, but it gets a little shady when you have to buy things and sign up for stuff just to get a bunch of junk e-mail ( which I am already getting thank you very much ) and a buttload of virtual cash if you are lucky. I think if you want to seriously make some actual cash, this is not the way to go about it.

This next part is for those of you who want to earn a serious income

If you are serious about earning an income online, believe me when I tell you the possibilities are limitless. If you know what you are doing. Most people don’t that’s why they search the internet looking for fast and easy ways to make money. Sadly, many get caught up in nefarious, and dastardly schemes or as they like to call them “systems” that are pretty much designed to take your money from you not put it into your pocket. Which is where we all want it to go. Am I right? You know I am. So pay attention while I show you what I’m talking about. First of all check out this video:

It isn’t a scheme and it isn’t a system. It is a place to learn the skills necessary to earn an online income. But it isn’t going to cost you anything and you don’t need a credit card. You get to try it out for free with a starter membership. It is Wealthy Affiliate .

Wealthy Affiliate teaches you everything you need to know about affiliate marketing Not only will they teach you everything, they will provide you with:

  1. A free starter membership(no credit card required)
  2. Two free state of the art WordPress websites
  3. Live 24/7 help
  4. 10 lesson certification course
  5. Step by step instructions on how to set up your website ( no coding knowledge necessary )
  6. Free hosting for your websites

And this is just the tip of the iceberg. So if you are truly serious and I think you are Then you owe it to yourself to at least give it a try You have nothing to lose everything to gain and you sure as hell won’t make any real money at Swagbucks that’s for sure. Just remember you can’t pay your bills with virtual money. just click on this link or any of the Wealthy Affiliate banners you see on this page and welcome to the rest of your life.

If you enjoyed this article or have questions or comments please let me know in the comment section below

Leave a Reply

Your email address will not be published. Required fields are marked *