Is CashCrate a scam?
We will need to consider whether CashCrate is a scam or not. It isn't a matter of whether CashCrate pays or doesn't pay. It's safe to say that if you've earned an amount of money, you will get paid that by CashCrate. The issue is whether you are earning what you are worth. Are you getting enough for the copious amounts of time and energy you are putting in to earning a couple cents? CashCrate is also involved in multi-level marketing to which the FTC has issued an advisory against. This is something to be considered as well.
The amount of money to be made is very little with respect to the hours that you need to put in. You will make much less than minimum wage with CashCrate, much less. It may work out to around $2.00/hour. Some people mentioned making a lot more, but that remains to be seen. Further, even if they did make more, it is not a sustainable hourly wage. What I mean is that if they say that they are making $15.00/hour, it may only be for one hour, and it would drop to $4.00/hour or less thereafter. You stand to make much more money per hour doing something else like affiliate marketing.
The other aspect of CashCrate is that it works on a multi-level marketing model or MLM. The FTC doesn't feel that people should participate in such business models. With CashCrate, new members start off on the Bronze level. At this level, the CashCrate member makes 20% of what their referrals make in addition to 10% of what those people that the referrals refer make. For instance, if you refer person A and person A refers person B. You make 20% off of person A and 10% off of person B. If person A makes $5.00 after one month, and person B makes $0.40, you get $1.04 off of the referral program. Two things must happen in order for you to make some acceptable amount of money in this. You have to have a ton of referrals and the referrals have to make a lot of money. Otherwise, you would be wasting your time and resources marketing and networking to get new referrals.
CashCrate has offers and surveys to which you provide your mailing address, telephone number and other details. Advertisers are willing to pay lots of money for this data as well as the information in surveys. As well, they pay a lot to place a lot of ads within the surveys and offers in addition to putting even more offers inside them. CashCrate makes a lot of money this way, but very little of it actually trickles down to the members. A good idea would be to do something else to make money.
Is CashCrate a scam? I am not entirely sure, but for one thing, the evidence presented doesn't place them in the best light. I, for one, have stopped using CashCrate. You could probably make a few bucks after a week, but is it really worth your time to work all those hours for so little wage? An aspect of CashCrate, using MLM is not good either especially with the FTC's advisory. It may be best if you spent your time doing affiliate marketing where you stand to make a lot more money for your time and you get to cut out the middle man. That is probably the most important aspect.
The amount of money to be made is very little with respect to the hours that you need to put in. You will make much less than minimum wage with CashCrate, much less. It may work out to around $2.00/hour. Some people mentioned making a lot more, but that remains to be seen. Further, even if they did make more, it is not a sustainable hourly wage. What I mean is that if they say that they are making $15.00/hour, it may only be for one hour, and it would drop to $4.00/hour or less thereafter. You stand to make much more money per hour doing something else like affiliate marketing.
The other aspect of CashCrate is that it works on a multi-level marketing model or MLM. The FTC doesn't feel that people should participate in such business models. With CashCrate, new members start off on the Bronze level. At this level, the CashCrate member makes 20% of what their referrals make in addition to 10% of what those people that the referrals refer make. For instance, if you refer person A and person A refers person B. You make 20% off of person A and 10% off of person B. If person A makes $5.00 after one month, and person B makes $0.40, you get $1.04 off of the referral program. Two things must happen in order for you to make some acceptable amount of money in this. You have to have a ton of referrals and the referrals have to make a lot of money. Otherwise, you would be wasting your time and resources marketing and networking to get new referrals.
CashCrate has offers and surveys to which you provide your mailing address, telephone number and other details. Advertisers are willing to pay lots of money for this data as well as the information in surveys. As well, they pay a lot to place a lot of ads within the surveys and offers in addition to putting even more offers inside them. CashCrate makes a lot of money this way, but very little of it actually trickles down to the members. A good idea would be to do something else to make money.
Is CashCrate a scam? I am not entirely sure, but for one thing, the evidence presented doesn't place them in the best light. I, for one, have stopped using CashCrate. You could probably make a few bucks after a week, but is it really worth your time to work all those hours for so little wage? An aspect of CashCrate, using MLM is not good either especially with the FTC's advisory. It may be best if you spent your time doing affiliate marketing where you stand to make a lot more money for your time and you get to cut out the middle man. That is probably the most important aspect.