I mentioned in one of my recent Five Frugal Things round up posts that I had decided to try to earn money online with 20Cogs. The plan was to give it a go for a month or two and then give you an update on how I found it. So here are my views.
In case you have never heard of it, 20Cogs offers you a way to earn some extra cash by completing offers and surveys on their website. The idea is that advertisers pay 20Cogs for getting you in to try them and they share the reward with you. You can sign up and get a £5 bonus here.*
It’s the kind of thing you can do in your coffee break at work or when you have an idle five minutes and takes very little effort.
Where to begin?
It started very easily. I received a £5 bonus just for signing up and another £5 for filling in my 20Cogs profiler survey. Then I told my daughter about it and she signed up, so I earned another 50p. I will earn 5% of what she earns from now on and will receive a £20 bonus when she completes 20Cogs. It is worth referring your friends!
The pay outs are extremely generous too. Some of them require a small payment from you to begin with and you may need to start a subscription. However, you can cancel your subscriptions after the trial period with no obligation.
You do need to remember to do this, though. Otherwise you will end up worse rather than better off! I recommend putting the cancellation date on your calendar and set a reminder on your phone. If you are a disorganised person this may not be for you.
What can you earn?
To illustrate, here are some of the offers I was given:
Readly magazines. Sign up for 99p and you can cancel the subscription after the 30 day trial period. I earned a whopping £7 for this and it was worth the 99p. If I was still a big magazine reader I would have kept it going, so you can see how this works for the advertisers. You get to read so many magazines each month for £7.99. However, I will cancel this as it would be a waste for me.
Amazon Music – sign up for a free 30 day trial and get a £4 reward.
Share your opinions on Life Points to earn £2.50. I tried this twice, but it wouldn’t accept my date of birth. Too glitchy!
GFK MediaView – a market research site gathering info about your TV and radio habits, which gives a £2 reward. I happily signed up for this, but didn’t get the reward as you had to be aged between 16 and 44. The lesson from this – always read the small print!
Sign up to Taste Card and earn £3. If you eat out a lot this might be worth subscribing to as you get big discounts at a lot of restaurants.
Earn £2 for signing up to a 30 day free trial at Audible. After this it will cost £7.99 a month. I did this one as I actually love audio books. They help me sleep! I might even keep this one going.
Sign up with Which? and earn £5.
Look after my bills (an energy switching company, as seen on Dragon’s Den) – earn £24 for signing up.
There are a lot of gambling sites that you can sign up to as well, but I prefer to avoid those. Too addictive and expensive!
Is it trustworthy?
Looking at the reviews of 20Cogs on the internet, it seems that most people are generally very positive about this company. It isn’t difficult to earn money online with 20Cogs, with some people saying they earned £75-£100 easily and quickly.
The criticisms seem to be about there being too many gambling sites on the offers. Some people also objected to paying a small amount for a subscription. However, I only signed up for offers I though I would actually use. It takes longer to get to 20 completed cogs this way, but I preferred that approach. If you want to earn money online with 20Cogs it pays to have a little patience I think.
It does take a month or so for your earnings to be confirmed. You have to complete 20Cogs to be able to withdraw your money too, so persevere! It’s certainly not a get rich quick scheme, but good if you enjoy doing little tasks on the internet. The site is very easy to navigate too. If you fancy giving it a try, click here*.
Do you have any good ways to make money online? If you enjoyed this post, you might also like my other side hustle posts.
*This is my affiliate code. If you click through and sign up I will earn a small commission. Many thanks!