As part of the frequent reviews I do for One More Cup of Coffee, I sign up for A LOT of horrible products. But actually, worse than a bad product is a product that I can't actually get into to review. That means wasted time, wasted energy, and in this case, my credit card info submitted to 3 different websites I don't trust!
So is Project Payday legit? Based on my research, I do not think this is a legitimate way to earn money, and you might end up spending more money than you make!
To save you time, I'll just let you know that I think this company is pretty good. I used them for a while, but have since moved on to bigger and better things (read below for details).
Project Payday is a very typical service in that it opens up with a “testimonial” video from someone that succeeded in their service. Of course, they do not explain HOW you will make money, but they do tell you that it's easy, that you can start making money fast, and that you don't need any skills to do it.
Wow, what a deal! (not really)
Whether or not you believe the testimonials, it's my opinion that if a system doesn't describe to you what you will be doing, there is a problem. What's the big secret? I actually earn a full time income online and I tell people how to copy my methods for free! I don't really care if people know how I earn money because their businesses do not affect my own. Usually when you have to pay for a ‘secret way to earn' it's not worth them money.
I would also like to mention that it's clear the videos have been around since the early 2000's or before, so this is a very old, infrequently updated system.
But in the spirit of things, to write an honest review of Project Payday, I tried really hard to figure out what we'll be doing to make money with this system.
Money is made when people buy stuff, so we need to figure out who is buying what, where the money is going, and where we fit into the picture. If there is no buying and selling, the system probably illegal like cash gifting or a pyramid scheme.
Who Is Buying And Who Is Selling?
They don't tell you what we are going to to do make money, so we are going to have to figure this out. In fact, they do their best to hide this info from you until you pay. What could they be hiding? I will explain it below, but let's take a brief look at what the usual “make money” systems are.
- Affiliate Marketing
- Multi-Level Marketing
- Task-based Compensation
Affiliate marketing is what I do. It's legit. You earn income by promoting products from other companies. I'm not going to cover that here, but you can learn more about internet marketing in other places on my site. Project Payday is not affiliate marketing.
Multi-level marketing is where you build a ‘team' of sales people by recruiting for a company. Companies like Amway and Herbalife fall into this category. Personally, I'm not a fan of this type of business, but Project Payday is not multi-level marketing etiher.
Task based is where you get paid to complete surveys get paid to sign up for trial offers from companies.
The BIG Secret They Don't Tell You….
Project Payday is a task based compensation system where you sign up for products or services The basis of how you get paid is by collecting points doing ‘trial offers'. When you collect enough points, you can exchanges these points for cash. Different offers have different values, but usually things that take longer to do help you collect more points.
Sometimes these trials are free, with no strings attached. One time I signed up to get a free fire-starter camping bracelet, and all I had to do was give the company my email address so they could send me advertisements. However, the trials that reward you with the most points actually cost money to do!
You have to BUY STUFF to make money! Many companies require REAL billing information, which include a name, address, phone number, and credit card number. Some offers even require you pay money up front, then ask for a refund within the money-back guarantee period.
The way it's supposed to work is that you just get a refund, or try the product then send it back. Don't forget that if you forget to stop billing, or fail to return the items you tried, you will get charged money..
Offers I Tried
The first service I tried to sign up for was Godaddy. I thought, “Hey, I use Godaddy, this will be easy!” Nope. You must be a new member
Then I thought I'd go for something fun. I saw that there was an offer for a free knife and all you had to pay for was shipping. I'm a guy. I'm I could probably use a knife for something…
Wait, what do you mean I have to sign up for a $70 per month knife subscription? I don't need or want that many knives. Do people actually get knives automatically delivered to their home?
I decided to sign up anyway and just cancel my membership right after I got the knife, but nope. The offer didn't go though. Blah. Wasted time.
I searched and found one last offer. This was a bit of stretch – wine delivered to my house. I like wine, but this was surely some crappy wine in plastic bottles. At this point I didn't care and was willing to spend the money. I just wanted to get access to Project Payday and do a review.
Then I just got mad and realized this system wasn't worth my time, and it was too much of a risk to my wallet. Just picking 3 offers that sounded interesting to me almost cost me $150. This is pretty much what you can expect with the whole Project Payday system IMO.
Maybe you could make a few dollars with this program if you keep an organized spreadsheet with all of your information and are very diligent about keeping track of which items need to be canceled, and which ones are currently being shipped. However, it seems like you'll be spending a lot more time on this, and there's a potential loss of money.