In my pursuit to make a full time income online, I decided to sign up and try out ReadersPaid.com and see what it is all about. I wanted to try it for a little while personally before determining if it is worth recommending to others.
I know that if I choose to promote and recommend a program on my blog, I am putting my reputation on the line. This is why I am taking my job of reviewing this program very seriously. Please read this entire review before deciding for yourself if it is something you are interested in or not.
Who Is ReadersPaid for? Who can Join?
ReadersPaid is for people who live in the United States, Canada and Australia.
You cannot sign up straight from their website, you have to be invited first.
What do you get paid to do?
Basically ReadersPaid will pay you to go to your ReadersPaid inbox and read the ads and do any incentive rewards. Some of them paying around $8 or more.
You have to keep your account active, this can be done by checking your Readers Paid inbox 3 times a week.
Failure to receive the ReadersPaid emails or to login to your ReadersPaid inbox for a period of over 30-days will set your account status to sleep. You then have a grace period of 15-days to re-activate your account before automatic cancellation takes effect.
It only takes a couple of minutes to check your inbox, so that should never be an issue.
How do you make money?
There are two types of rewards: Read rewards and Incentive rewards.
According to the ReadersPaid website, to earn money from Read rewards, all you need to do is check your inbox on the site once a day and read & click on all the new ads. This is supposed to take an average of 5 minutes a day.
They will post about 200 ads per month in your ReadersPaid inbox and they ads are only available for a short period of time. That is why it is important to check daily. After you do a read reward, it will credit to your earnings immediatley.
Incentive rewards are not as easy as the Read rewards, but they do pay more. They have 4 different types of Incentive rewards:
Email & ZipCode Campaigns that usually pay 20 to 45 cents each, just a simple email or zip code entry is required.
Free Info campaigns that usually pay between $1 and $8 Dollars each and require additional information such as: address, phone number, etc..
Free Trial campaigns that usually pay anywhere from $10 to $100 Dollars each and require a small Shipping & Handling fee
Cash Back campaigns where you earn cash back on all your online purchases. (I do not recommend buying anything you wouldn’t normally buy just to get cash back or else you will find yourself spending more than you are earning.)
How and When do you get paid?
The minimum payout is $25 and it is usually paid on the 20th day of every month via PayPal.
Residual Income/ Referral Program
ReadersPaid really emphasizes referrals and the importance of getting them in order to build a residual income. Like CashCrate, ReadersPaid also offers a $1 bonus incentive for every active referral from the USA.
According to the ReadersPaid website: “Most of our Members actually earn MORE than $100 in their first month and after only 6 months they are earning MONTHLY RESIDUALS of $3,000 to $6,000 a month … and so will YOU.”
I am quite a skeptic myself of big numbers like this and cannot guarantee you will make as much as they claim.
ReadersPaid.com claims that in order to get the earnings mentioned above you need to first be an active member yourself and recruit 10 people under you who will also be active members.
Then at that point your referrals also need to get 10 referrals under them.
(Sounds a lot like an MLM, except for the fact that it is no cost and you don’t have to sell anything.)
According to ReadersPaid: You will earn at least $360 a month for simply referring 10 ACTIVE MEMBERS and as soon as they each build their own power tream, you will earn over $6,000 a month for the rest of your life.
They have a little diagram on the site that shows how this is possible, I guess it would work if everyone truly followed through and each got their 10 active referrals underneath them.
Results of Researching Others Opinions
I did a check through google and some other search engines and forums to see what others thought of the ReadersPaid program.
I saw some people who have said they have been paid without any problems and saw some of them posting their paypal payments from the site. I could not find anyone complaining about them or claiming ReadersPaid to be a scam of any kind, which I take as a good sign.
Once I get my first payout I will post my paypal payment up here on my blog.
My first impression of ReadersPaid is a very simple program and business model, but the website is not too user-friendly. I may be a bit biased though, I love the streamlined user-friendly site that CashCrate has created. (Click here to read my review on CashCrate)
However, this is not a bad 2nd choice for those who want something in addition to CashCrate. This is also good for those who like to recruit and get referrals because that is where the money is made in the ReadersPaid program.
I do not have an official thumbs up or thumbs down position on this program as of yet, it is still way to early for me to make that call.
I just wanted to post this information up here for you to decide for yourself if it is something you are interested in or not.
If you decide you want to try it out and see what happens, you can sign up with the Readers Paid.
I do not recommend this program to be used instead of CashCrate, I still think that CashCrate is by far the best program I have come across.
This is just a 2nd option for people who want to do more in addition to their CashCrate earnings.