Sunday, November 28, 2010

Readbud.com

Product:


Rating:
Advantages: easy to earn
Disadvantages: not 100% sure if legit
Readbud.com is a website, which could be a hit or a miss but I thought why not give it a try? It is just another way to earn a few pennies online, however it could be worth your time if it is able to provide enough work.

The way it works is that you sign up and read articles for a small payout. Ideally you would ACTUALLY READ the given article, notice the advertisements and maybe even click on some. In reality all you do is open the offered article, scroll to the bottom and give it a 1-5 rating.
Before you open each article you will be notified how much that specific article is paid. I have spent 12 minutes on the website, 15 including account set up, and have earned $1.16.
The articles I have read were paid from $0.04-0.10.
When you sign up you will be asked to choose up to 50 interest areas, these are the areas in which you will receive the articles you will read. DO select all 50 choices. You can change your selection once every 24hrs if you want to keep things interesting or just get more articles heading your way.

How much you get paid per article depends on its length.
Article content word count and corresponding rewards:

Under 100 : 1 cent

Between 101 and 200 : 2 cents

Between 201 and 300 : 3 cents

Between 301 and 400 : 4 cents

Between 401 and 500 : 5 cents

Between 501 and 600 : 6 cents

Between 601 and 700 : 7 cents

Between 701 and 800 : 8 cents

Between 801 and 900 : 9 cents

Between 901 and 1500 : 10 cents

Between 1501 and 2000 : 15 cents

Over 2000 : 20 cents

I have been offered only 21 articles so far and have easily gone through them in 12 minutes while doing three other things at the same time. Assuming the website can provide enough articles, I think its worth the time. At this rate if you spent the whole hour doing this you'd be paid $5.80 an hour... Not too bad for an online gig of this kind.
They have a pretty high minimum for the payout. You will need to earn $50.00 before you can request a payment. They will pay you via Paypal so that is pretty decent as well.
They have referral programs where you get $5.00 when the person which signed up through you reaches their minimum payout amount.

On paper the website looks great, however I have not reached payout yet. I have been using the site on and off and can safely say that I can get around a $1.00 per day on it, currently I am at $33.27 and hopefully I will reach the payout minimum soon! 
Summary: looks great on paper, still to see if it will pay out
UPDATE: I have reached my payout of $50.00 and have requested it on the 25th of Nov. if the site is legit they should payout within 30 days. So i suppose I will write another blog in a months time letting you guys know how it went!

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