You might have heard about SocialDM app as a way to make some extra cash online. But let’s be real, there are a lot of scams out there, so it’s natural to wonder if this app is legit.
Now, there are some apps out there, like AirLoyal (Ladooo.com) and Pokkt (Pocket Money), that actually do reward you with things like free mobile recharges and cashbacks. But unfortunately, there are also plenty of sketchy operators who promise to deposit cold hard cash into your bank account, only to disappear into thin air.
So, what about SocialDM? Well, I’ve done my research and can give you some more information to help you decide if it’s worth your time.
As an Internet entrepreneur, I’m in a good position to share with you everything I know about these apps. Over the years, I’ve reviewed many similar apps or websites.
As a disclaimer, I’m not affiliated with SocialDM. It means I’m not paid to write this review. So you can rest assured that you will get an honest and unbiased review from me.
At the end of this review, I’ll also tell you the best alternative to SocialDM that has enabled me to make a full-time passive income online.
Table of Contents
SocialDM is a social network that claims to be the most profitable one out there. Apparently, influencers love it because it’s customizable and offers generous rewards. You can earn cash just by completing surveys, inviting your friends, or doing other easy tasks.
But hold up, the website claims you can make up to $500 a day? Sounds too good to be true, right? I mean, can you really make nearly $200,000 a year with zero skills, education, or effort? It all seems a bit fishy to me.
Well, let’s investigate further. SocialDM encourages users to sign up, invite their loved ones, and eventually cash out their earnings via PayPal. Each new user who signs up through your referral link will earn you $15, and your friend $40. While this might seem like easy money, we can’t help but wonder if it’s too good to be true.
SocialDM is a scam, which claims to be the #1 social income platform. Don’t be fooled – SocialDM is a referral scam. The idea is simple: you sign up, invite your friends to join, and they invite their friends, and so on. SocialDM benefits from this web of referrals by collecting users’ personal information and opinions.
But that’s not all. SocialDM also promises to pay its users up to $500 a day. However, users have reported that they haven’t received their payments despite submitting them for review.
It’s important to remember that websites like SocialDM can still be fraudulent even if they don’t ask for financial information. By collecting your email address and other personal information, SocialDM can make money through affiliate commissions and other means. And if you use the same email address and password for SocialDM as you do for other accounts, they could have access to all of your online accounts.
So, what should you do if you’ve already signed up for SocialDM? Change your passwords and any other credentials immediately if they match the ones you used to sign in to SocialDM. And if you haven’t signed up yet, don’t take the risk. Warn your contacts to stay away and move on with your life.
Remember, you’re not alone in being targeted by scams like SocialDM. The BBB has received reports of scams from victims of other sites in this network, such as Notion Cash and Kids Earn Money. So, stay vigilant and always do your research before signing up for any online money-making platform.
You may read our article about how to avoid online scams here.
Before you sign up, here’s what you need to know.
Sign Up for Free and Get a Bonus
To get started with SocialDM, all you need to do is sign up for free. And the good news is that you’ll receive a $40 bonus just for joining. However, don’t get too excited yet. You won’t be able to withdraw your earnings until you meet some requirements.
Meet the Requirements to Cash Out
SocialDM requires you to complete certain tasks before you can cash out your earnings. These include getting 20 clicks, 10 invites, doing 6 offers, and earning $130 invite bonus.
While these requirements may seem reasonable for legitimate reward and survey sites, it’s a different story with SocialDM. Unfortunately, they won’t pay you for your efforts.
Refer Others and Promote on Social Media
SocialDM encourages its members to refer others to the site by sharing their referral link on social media. They claim you’ll receive $15 for every new member you refer through your link. However, be aware that your account is credited only $2 regardless of whether the person joins after clicking your referral link.
You can also earn money by completing tasks in their “Offer Center,” which allegedly pays up to $120. And if you post on social media, you’ll get paid regardless of whether anyone joins.
Plus, they pay well for social media posts, with rates ranging from $40 to $90 depending on the platform.
Cash Out…Or Not?
Once you’ve completed all the tasks and requirements, you should be able to cash out your earnings. But unfortunately, it’s not that simple with SocialDM. Some users have reported that their accounts were suspended, or they were accused of fraud when they tried to cash out.
And despite repeated requests, they never received their payments. SocialDM simply doesn’t have the money to pay out such large amounts.
In summary, while SocialDM may seem like an easy way to earn money online, it’s not worth the effort. You’ll likely spend more time completing tasks and referring others than you’ll ever earn in return. So, save your time and energy and look for more legitimate ways to make money online.
After examining the website, we found some red flags that suggest otherwise.
You Won’t Get Paid by SocialDM.co
SocialDM.co claims to pay its members for completing various tasks, including uploading videos to YouTube. However, the company’s business model is based on recruiting new members instead of driving traffic to advertisers’ offers. This raises questions about how SocialDM.co generates revenue to pay its members.
Moreover, the company’s payout claims are unrealistic, and its affiliate commissions are nowhere near enough to cover the payouts it promises.
SocialDM.co is an MLM
SocialDM.co is a multi-level marketing (MLM) company, meaning its members can only earn money by referring new members to the platform. This business model is unsustainable and often leads to members losing money rather than earning it.
SocialDM.co has too many positive reviews, which seem fake upon closer inspection. The reviews often contain repeated keywords or sentences, and the user photos are often found on other websites. This suggests that the testimonials are fake and raises doubts about the credibility of the company.
SocialDM.co is a New Website
SocialDM.co claims to have paid out millions or even billions of dollars to its members, but the website was only created in December 2021. It is unrealistic to expect a company to grow so quickly and generate such a massive revenue in just six months.
Furthermore, the lack of media coverage about the company’s supposed success raises further questions about its legitimacy.
If you’re looking for a legitimate way to make money online, joining a reputable survey site like Survey Junkie or InboxDollars is a better option. These companies have a long history and good reputation in their respective fields.
They also have realistic payout rates and have been proven to pay out on time. Moreover, they can serve as a foundation for a larger and sustainable online business.
- It would be nice if SocialDM actually worked, but unfortunately it does not.
- It’s a complete fraud. Don’t waste your time with it.
- Payment vouchers and certificates are fake, so you won’t actually get paid.
- Identity theft and account hacking are very real risks.
- They give you hope for financial solutions, but in the end they don’t follow through with payment.
If you’re like me, you’ve probably been searching for ways to make some extra cash without any special training or experience. But let’s be real, making $500 a day isn’t as easy as it sounds. Unfortunately, there’s no magic formula that can turn you into an instant millionaire.
Maybe you’re in a tight spot financially and need some extra cash to pay off debt or bills. You might have seen some ads for SocialDM and thought it could be the solution, but trust me, it’s all a scam. Don’t fall for it!
But don’t worry, there are legit ways to make money online. Survey Junkie is one service that pays you for your opinion, while InboxDollars rewards you for things like surfing the web, watching movies and answering surveys.
You may also check out our article on the best survey sites.
If you are serious about making a full-time income online, I have a better recommendation for you in the next section.
Is There a Better Way to Make Money Online?
If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.
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.
You can read our full review of Wealthy Affiliate here.
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.