Last August I highlighted Swagbucks on my list of ways to make money from home. Since then, however, the brand has only grown in popularity. Currently, some Swagbucks reviews have the platform listed as high as #6 in the “Coupons and Rebates” e-commerce category. Investment U recently conducted our own review of Swagbucks in an effort to help you on your path to financial freedom.
What is Swagbucks?
Swagbucks launched in February of 2008. Continuing the trend of digital currencies, Swagbucks allows users to earn “swagbucks” or “SB” by performing a series of actions online. According to their website, you can “Get Free Gift Cards & Cash for the everyday things you do online.”
Owned and operated by Prodege, a digital services and customer loyalty brand, Swagbucks’ 11 year history is quite impressive.
In 2013, former Shopzilla and Fandango CEO Chuck Davis joined the company as executive chairman.
Additionally, in 2014, Technology Crossover Ventures (TCV) made an investment of $60 million into Prodege. This no doubt has helped the company grow at a much faster rate. Later that year, Prodege announced it’s acquisition of SodaHead.com. The polling technology company has partnerships with ESPN, FOX News, and Good Morning America to name a few.
How Does Swagbucks Work?
By watching videos, searching the web or answering surveys, Swagbucks awards you with points. One SB point equals one US cent. The rewards values can vary. Watch a short video and you could receive 5 SB. A longer survey could award you 33 SB or more.
All of this is extremely transparent. Swagbucks provides the amount of points you will receive upon completion of your task, as well as the time it should take to complete it. This is extremely useful to Swagbucks members that are aiming to achieve a certain amount of points in a given day.
You can earn rewards by recruiting others to sign up. Regardless of how much you have earned, your “swagbucks” total is always available to you and you have the right to “cash out” at any time. That is assuming you have the minimum amount to purchase a gift card of course. After your request is made, allow 2 to 3 weeks and your card will arrive in the mail.
You are not limited to just gift cards. One of the options that’s available is to have your “swagbucks” transferred into real cash by way of a PayPal account. As your account grows so do the options to convert.
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