If you’re looking to make some money by taking surveys, you have probably heard of PrizeRebel which seems to be a somewhat reputable online survey site.
But since there are heaps of online survey sites that fail to deliver their promises on fast cash return for your valuable time, you might wonder if Prize Rebel is just another scam.
In order to assess the credentials of PrizeRebel, I’ve conducted an in depth research on their platform.
But before I proceed to the review, let me make it clear that I’m not paid to write for PrizeRebel and you can trust that what I’m saying here is genuine and unbiased.
At the end of this article, I’ll also tell you another side hustle that can really help you make steady passive income at zero risk.
Below is what I’ll cover in the review of PrizeRebel.
What is PrizeRebel?
PrizeRebel is a U.S. based online survey site that allows members to earn rewards by taking surveys. Similarly to other survey platforms, each completed survey is paid in points, which can be exchanged for cash or gift cards.
Besides, it also allows you to increase your points tally by other alternative methods such as watching videos, playing games, signing up third-party websites, or referring family and friends.
By far, PrizeRebel has a total of over 9.2 million members. It claims to have paid a surplus of $19 million in cash and rewards since 2017.
As in the case with most online survey sites, PrizeRebel has been making money by letting advertisers to access your data, though according to PrizeRebel, your personal information will never be shared with any third party.
How Much Can You Earn by Taking PrizeRebel Surveys?
Generally speaking, surveys are paid in points. Each point can be converted to dollars in the real world, which can be cashed out once you have accumulated a certain number of points.
In the case of PrizeRebel, 1 point amounts to $0.01. As such, 100 points would amount to $1 and 1000 points would amount to $10, and so on. You can easily and quickly figure out how much you can earn per task.
In fact, PrizeRebel goes further by letting you know two key metrics, including the amount of points for each survey and the average completion time in minutes, though the length of time you actually spent on a particular survey might vary from the estimated time. But at least you can roughly assess whether or not a survey is worth you while.
Are There Any Other Ways to Earn Points at PrizeRebel?
Below are some of the other ways that allow you to earn points at PrizeRebel.
One of the easiest ways to increase your points at PrizeRebel is by watching some promotional videos supplied by partners of the platform. You can receive a few points for every 30 minutes watched, irrespective of the video content.
Another way to earn points is by downloading and installing specific games onto your mobile phone. You will have a higher chance of earning more points if you spend some minutes to play the game and reach certain levels.
This method is actually a cashback program. If you purchase goods and services via a PrizeRebel affiliate link, you will immediately get some points in a considerable amount. But you wouldn’t want to spend money for earning points.
One of the quickest ways to build up your points tally is by referring a friend to the PrizeRebel platform. Everytime you invite somebody to sign up for PrizeRebel, you will earn between 15% and 30% of their points earnings forever.
How Does the Level System Work at PrizeRebel?
PrizeRebel uses a level system that allows you to increase your earnings as you get promoted to a higher level.
After your registration on PrizeRebel, you will start off with a Bronze account status. After that, the levels move from Silver, Gold, Platinum, and Diamond.
As you move up each level, you can increase your PrizeRebel perks. For instance, while the referral bonus is capped at 15% for Bronze accounts, Diamond accounts can enjoy up to 30%.
You can click on your current level at the top of the screen to find out how many points you need to get promoted to another level.
What Can You Redeem Your Points For?
In short, your points can be exchanged for either cash or a gift card.
If you want to convert your points into cash, it must be done via a PayPal transfer and your PayPal email address must match the email address that you used to register your PrizeRebel account. If it is different, you can change it manually via your account dashboard.
The minimum amount required for a cash-out is 500 points, which amounts to $5 in the real world.
If you want to exchange your PrizeRebel points for a gift card, you can either choose an Amazon voucher code, or a prepaid voucher that is backed by Visa.
Amazon gift cards start at 200 points or $2 whereas Prepaid Visa voucher starts at 500 points or $5.
Is PrizeRebel a Scam?
PrizeRebel has existed since 2007. It’s far from being a scam.
However, it’s a waste of time if you are looking to make money with PrizeRebel as it takes a long time to earn points and get them converted into a few bucks. At the end of the day, PrizeRebel can’t really help you pay the bills.
Time is money. If I were you, I’d always spend my valuable time on doing a side hustle that is more sustainable and can potentially give me a decent passive income.
Is There a Better Alternative to PrizeRebel that Can Make Steady Passive Income?
If you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.