If you read my recent income report, you saw that I had my best earning month online ever (at least, up until that month). A big part of that was thanks to CashCrate, where I earned a pretty nice chunk of change – $512.78.
I didn’t want to write too much about CashCrate until I could officially determine whether or not it is a legitimate source of earning money online, but today, I’m finally able to go into some detail.
Keep reading, I’ll explain it all.
My CashCrate Review
This all started when I was putting together my list of 142+ ways to make money online and was seeking out different places and ways on the internet where people could earn money without having any prior experience.
As with most things in life, if you want the big reward, you need to put in the big effort. There really is no such thing as getting rich quickly, aside from a handful of lucky lottery winners.
Anyway, I stumbled across CashCrate (affiliate link, although it’s 100% free to sign up and use) and noticed that it was fairly popular. You automatically get a free dollar just for signing up, but what do you do from there?
How You Make Money with CashCrate
It’s pretty simple – CashCrate makes money when you complete offers, surveys, or other tasks, and then they turn around and pay you a portion of it.
I would say that most of the tasks you can complete are free, but there are some that involve getting cash back after a purchase or after using your credit card to sign up for a free trial somewhere. I believe it’s all legitimate, but you still have to be careful.
Here’s one example of an offer I completed: I signed up to a free trial of Blockbuster (similar to Netflix where they send you DVDs in the mail) and received $11 for it. I canceled the subscription after the free 30-day trial period.
There are other tasks that are much smaller and pay less – for example, I signed up for a free sample of liquid fabric softener and received 50 cents. It all adds up. I would just caution you to use an e-mail address for the offer that isn’t your primary e-mail address. Essentially, you are giving away your contact information for money with these offers, so you can expect to receive advertisements.
I like CashCrate, because you can make money by doing these various tasks while watching TV, for example. It doesn’t really require any focus or thought, so it’s a nice way to earn a little bit of extra spending money.
[As a side note, I wish I thought of starting up a site like CashCrate (and I’m sure there are a lot of similar sites) – I imagine the site owner(s) make tons of money with it.]
The Real Money is in the Referrals
You can do offers and surveys until you’re blue in the face, but there’s obviously a limit to how many you can do within a short period of time. Reading through the forums on CashCrate, there are people who do make at least $100-200 per month just by performing the various tasks available.
The real money is with referrals, however. I realized this after I put up a link on my ways to make money online post and a lot of people signed up using my referral link. The referral program is pretty robust. Although I’ve made at least $20-25 completing various tasks, most of the money I earned was through referrals.
When you start out (and have no referrals), you earn 20% of what people you refer make (1st tier), and you earn 10% of anything their referrals make (2nd tier). As you work your way up, those percentages gradually rise to 30% (1st tier) and 20% (2nd tier).
Obviously, the people you refer need to use CashCrate for what it’s intended for. If you just refer a bunch of people you know and they create accounts but don’t use it, you’re not really going to make anything.
But is CashCrate Legit?
I wasn’t ready to call it “legit” until I received payment in a timely manner. After your account balance reaches $20, CashCrate will send you your check the following month. After at least one check payment has been deposited, you will have the option to switch to being paid via PayPal.
Sure enough, within a week after November ended, I received this:
I was thrilled to earn this after only my first month, but my expectations need to be lowered for the following months. A lot of this was earned while the post that contained the referral link was ranking on page 1 for “make money online.” Now, it’s ranking somewhat between pages 2 and 3 (although it still ranks well for other similar terms), so the traffic isn’t nearly what it was last month.
Again, this site isn’t going to make you rich, but this can be another tool to add to your collection of online income sources. You can sign up to CashCrate here.
If you have a blog that has anything to do with making money, saving money, or personal finance, it might be worth introducing this site to your readers as a way to pick up some referrals.
What do you think? Have you used CashCrate before, and if so, do you like it?