Perk vs Rewardable & My Favorite Web Farming Website
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| Check out my smart pharming progress here: My Rigs |
PROS:
Some of the pros for Rewardable are as follows: they have a track record of payments in the past 5 to 6 years since inception; and they have paid out millions of dollars to their app consumers since inception in 2012. They also require very little maintenance and have significantly lower crash rates than Perk. In my experience, I have had to restart my Perk apps once every 1 or 2 hours at times, but with Rewardable, I've had the pleasure of leaving them on for hours, even overnight, with zero issues. However there are some downsides.
CONS:
Rewardable in recent years has started implementing higher payout thresholds. In 2017, the payout limit was increased from $1 to $5, and then in 2018, it was bumped up again to $10. Also, their payouts started becoming more illiquid, and 20 to 30 day payout times became seasonally the norm. This was because of lower profitability from ad revenues and many other factors such as Paypal holds. However, the more important metric still stands: they have always honored their payout systems, and they have always paid their customers. Another con is that they only offer payouts in Paypal. As opposed to competitive apps that offer a wide assortment of gift cards, Rewardable solely offers Paypal transfers.
Pros for Rewardable:
- Reliable payouts
- Very passive
- Low crash rates
- Slow payouts
- Just one method: Paypal
PROS:
CONS:
The cons for Perk are the crash rates. Perk has a high number of apps crashing after a few hours, or more rarely, a few minutes. This is because of the high number of users logging in and watching videos or engaging with the apps. However, one can mitigate these crash rates by buying and using higher quality phones with at least 4 cores and 2 gigabytes of ram. I have found that my recent new purchase: the Moto G5 Plus runs the perk apps seamlessly with zero bugs for hours at a time. Another thing to consider is their recent profit drop. Similar to crypto mining where every few years the profitability rate drops, Perk recently underwent new management and new systems were set in place. Previously 5 phones were able to generate $250 in monthly passive income, but was then halved to just under $150 per month. Another thing to look out for is the new system that rolled out a few years back where after 6 to 8 hours, there will be a pop up screen that asks "Are you still there?" These cons are trivial because the apps still generate $150 in passive income per month, and the ads that run are passive. The apps skip to the next video without the user having to click on anything. A few of their apps require work however, such as Perk Word Search, Perk Scratch Off, and App Trailers.
Pros for Perk:
- A lot of different apps to earn from
- Points accrue quickly
- Lots of options for gift cards
- Very semi-passive
- When the apps work, they work seamlessly
- Apps crash a lot
- Fear of future profit decreases
Bonus Content: Web Farming
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| Rules: 1 tab per device; 3 devices max |
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Smartphone farming is not a novel thing. Many people use spare phones to generate some passive income every month, but the dedicated users invest thousands of dollars in new-used older model phones to scale up their production. To give some context, ecashsociety on YouTube currently employs a smart farm of 100 phones. They all play different apps concurrently to generate him thousands of dollars per month in passive income. My goal is to do the same.
Stay updated on my smartphone farming operation from 3 units to 100 units by the end of 2020. You can do so by subscribing to my YouTube channel, engaging on Twitter, and subscribing to my newsletter found below this post. How will you start your passive income journey? Is smartphone farming for you? I certainly didn't think so, but still regret not starting sooner when I first heard this idea 2 years ago! Comment below, I'd love to hear your thoughts.
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