Monday, October 26, 2009

Make money online (suplemental income) review: Rewards Central

Okay, cutting straight to what's important (when considering a supplemental income)! How much money do you get each day with rewards central!?

3 points per quick survey per day (3 points is roughly 3 cents Australian)
2 points per advert web click from their site
2 points per bonus advert web click (there wasn't a bonus right when I started, but one came along shortly after)

So about 7 cents Australian a day. Think of it this way, if you had $1000 in the bank at 2.75% interest (which is what the commonwealth bank has at the moment on the netbank saver) gives you 7cents a day. Would you like to have $1000 more in your savings, giving interest? This is the equivalent of having interest from $1000, in terms of supplemental income.

Now on top of that there have been around two reward e-mails per week from rewards central, which you get 5 points from (or you can choose to get entries into a $10,000 cash draw). So at around 10 points/cents a week it's more like a bit over 8 points/cents a day. And perhaps as we ride out the economic downturn, there will be more?

Also the adverts are nicely presented and kind of interesting (perhaps somewhat targeted, in other words). They also sometimes have a small treasure chest in them which has bonus rewards for the first 100 people to click it (top prize is $100 (not points, dollars!), second is $50, etc). Make sure you click on that first and foremost if you see one!! Otherwise you miss out! It's clearly their way of making you really look at e-mail, which seems a win/win way of doing it.

On top of that when you join you get 50 points/50 cents. If you fill out the whole profile, you get another 50 points/50 cents. Whether you want to give those details...well, even if you just join, it's 50 points!

And something that's important to me when I look up stuff; When can you cash out? At 3,300 points, which gives you $30. (and thats why I say each point is roughly worth a cent). You could also wait until you have 10,100 points for $100 dollars, which is a slightly better point conversion rate. Which might be worthwhile waiting for, if you see the details on their bank below.

If your finding this info useful, please use the link above as it's a referal to my account :) Much obliged!

There's still more to it - there's an instant win game (you need to finish a quiz on the site to unlock this), where you can guess numbers each day and see if you win. With the best configuration (I think) you have a 1 in 2000 chance of winning 2000 points/$20 dollars! Not great odds, but it's free and a bit of a flutter, so it's a fun amusement!

What's quite interesting is the bank - you can deposit points in their bank for a month or up to six months, and it has returns that (as of this writing) start at 7.55 variable interest PA and go up from there based on time or points amount (600 points gets even better rates, 2000 even better). And the only way I've seen them vary is up (by .25 percent!)! So your not just sitting on points, waiting to get to 3,300, you can actually make them earn you even more per day on top of what your were earning before!! At rates which are better than what the banks are offering, too!

And then there is, as far as I can tell, Rewards Centrals sister site, MyOpinions. Again you earn 50 points for signing up, 50 points for filling out the profile, and you can transfer these points to Rewards Central. I've gotten roughly two surveys every fortnight, which can earn you a bit over 100 points each AND around 10 competition entries - and even if you get screened out you get around 10 points and a competition entry. The competition is for $5000, which is drawn every three months or so, I think.

ALSO they have an instant win game you can play once per week. It lists your win history and I've gotten  about 50% five point/cent payouts and 50% ten point/cent payouts. You have a one in 49 chance of winning 500 points/roughly $5 with this game each week, which isn't bad odds given your not paying for a ticket to play (I think it's better odds than tattslotto, when I checked - it's certainly cheaper/free). Even if you don't win that, your winning five or ten cents, which might not sound like much but you are now five or ten cents ahead of where you were before! Even more supplemental income!

So there's the referal, much obliged if you use it! :) I'm thinking of giving MyOpinions it's own review latter on, since it's tucked in at the end of the Rewards Central one here. But they link in together so well it needed to be mentioned right now!

So, those links again (oh yeah, this is a monetized post!) and have a good one! :)

Edit: After about a month and a bit I've made nearly 1,000 points, combining both rewards central and my opinion points.

And feel free to ask questions in the comments section!

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