Who wouldn't want to save money? Of course, everyone would like to save and maybe even make some extra buck on the side while doing so. The above is exactly what Penny Hoarder claims to do. I came across this site sometime last year when I was searching for a way to add another stream of income to my affiliate marketing. Something about them struck me so I decided to do further research. This review is a result of my research of Penny Hoarder – a platform that claims to help its users save and make money.
- Name: The Penny Hoarder
- Website: www.thepennyhoarder.com
- Founder: Kyle Taylor
- Overall Rank: 42/10
- My Top Rated Program To Make Money Online: WealthyAffiliate/Free Starter/ Membership
What is Penny Hoarder?
Penny Hoarder stated on their website that they are one of the largest personal finance websites in the world. According to them, they help millions of readers all over the world to earn and save money by sharing unique job opportunities.
They also claim that they were ranked as the No. 1 fastest-growing private media company in the United States for the second consecutive time.
Despite the explanation given above, a lot of people don't really understand how Penny Hoarder works. I have to admit I was a bit confused at first. It took me a lot of time to get a hang on their mode of operation. Nonetheless, I was impressed that they have done well for themselves, say what you might but this company gets 13 million readers every month and have more than 5.7 million fans and followers on Facebook. Again, they maintain a list of over 2 million email subscribers which is pretty big if you ask me.
How Does Penny Hoarder Work?
Penny Hoarder claims that they are helping millions of people find unique job opportunities and make money online. However, what they are actually doing is provide articles on making money opportunities as well as investment opportunities for their followers.
If you join Penny Hoarder with the aim of helping you manage your money, this site may work for you. Penny Hoarder pays freelance writers to write unique articles on how to save money and other investment opportunities. As a father, businessman, student, or a hustler, you can be able to save money after reading tips on Penny Hoarder.
The platform also provides an opportunity for freelance writers to make money. To actually make money on Penny Hoarder, you have to be good with writing. Penny Hoarder accepts articles on topics such as:
- Success stories and unique job ideas
- Eating/travel/life on a budget
- Smart money guides
You only get paid if your pitch is accepted. You are paid according to the amount of traffic your article gets. Let's say that 50,000 people read your article, you will be paid $100. You will be paid $250 if your article gets 250,000 hits and so on. To write an acceptable article, it must be unique and it must not be less than 700 words. Ideally, Penny Hoarder recommends that you keep your article between 700 and 900 words. You also need to ensure that your article is practical and written in a friendly tone.
Who Can Join Penny Hoarder?
Well, we all want to save money, don't we? Anyone can join Penny Hoarder if you are searching for ideas to help you in saving money. You can also gain from real-life stories and unique job opportunities shared on this website.
Just so you know I am not a big fan of the “get-paid-to” sites. The only one of these that I think is well worth your time and I can recommend would be this one.
You can only make money on Penny Hoarder if you are a good writer that is able to write a unique and friendly article on the topics mentioned above. If you are not a writer, you cannot earn from this platform. However, the silver lining is that at least you will learn how you can be able to save money.
- Learn how to save money
- Learn how to manage your finances
- Make money if you are a good writer
- Find money making ideas
- Hard to get your articles accepted
- Not much room for you to grow online
Is Penny Hoarder a Scam?
Actually, while the site claims to be one of the largest personal finance websites, they never made mention of helping anyone to make millions. Instead, they claim they will help you earn and save money by providing you with personal stories, freebies, and sharing unique job opportunities.
So far, the website has lived up to its own end of the bargain. They provide personal stories and money-saving ideas just like they promised. Certainly, they are no scam.
But here is the deal: Penny Hoarder is not a site where you can make a big amount of money online. If you are a writer, you can make better money by establishing your own website or writing on freelance websites such as Fiverr or Upwork. There is no guarantee that your article will get accepted on Penny Hoarder, even if it does, there is no guarantee it will get 50,000 in order to make $100.
Would I Recommend Penny Hoarder?
Yes, I would recommend Penny Hoarder to anyone looking for money-saving ideas. I actually like some of their articles when it comes to saving money. I found some of the articles here very helpful. Certainly, you too will find these articles helpful if you are looking for a way to save money.
However, I wouldn't recommend Penny Hoarder to anyone who is searching for ways to build his business online. There is no guarantee that you will make money on this website, it, therefore, doesn't make sense you waste your time writing articles that may not be accepted. Instead, I would suggest you check out this online resource that will help you build a successful business online.
To your success,