Monday, February 14, 2011

Rethinking my Swagbucks Stategy!



So, you know that Swagbucks is my favorite way to earn free Amazon cards with very little effort, and that you can even earn a free iPod touch, Wii, LCD LED HDTV, and other items, just by using Swagbucks as your internet search engine instead of Google or Bing.

Today, while, waiting for an oil change, I took the time to actually crunch the numbers for Swagbucks and their rewards to find out what was the best value.  I had previously been saving up for a large prize - either a perfume I liked or a flat panel LED HDTV.  The TVs were 45,000 swagbucks and 58,000 swagbucks, but I figured, "slow and steady wins the race," right?

Wrong.  I found it's better to just keep cashing in for $5 Amazon gift cards every three weeks or so.

Take, for example, the LG HDTV on sale in the Swagstore for 57,999 Swagbucks.  Amazon has that exact same TV on sale for $510.  If you divide 58,000 by 450 (the amount of SB required for a $5 Amazon gift card) and then multiply it by 5 (the dollar amount each Amazon gift card is worth), you'll see that SB "charges" you $644 for the same television.  Now, of course, Amazon's regular price for the TV is in the $700 range, so the SB deal is better than regular-priced Amazon.  However, Amazon tends to have sales often, and if you're wise about when you buy the television, you're better off buying it directly from Amazon.  Lucky for you, SB offers $5 Amazon gift cards that cost only 450 SB and you can accrue them and stack them on top of one another to purchase the entire TV on Amazon for the gift cards from SB that only took 45,900 SB instead of 58,000 SB.  I checked out several of the higher-ticket items at the Swagstore and found this to be true for every item I checked.

So.  I'm saving up no more, but cashing in for $5 Amazon gift cards as quickly as I accrue 450 SB in my account.  Depending how much you participate at Swagbucks, you could be cashing in even every week or sooner for a gift card. 

If you haven't yet signed up for Swagbucks, stop waiting and sign up here.  I was skeptical at first, thinking it wasn't legit, that it took a lot of effort, or that I'd get spammed to death in email, or some such thing.  All of these fears were unrealized.  It really is legit and VERY easy to earn and doesn't require practically any commitment on your end to earn.  You can learn more about Swagbucks by reading this post and this post.  I earn about $85-100 a year in Amazon gift cards from Swagbucks for absolutely NOTHING.  It is completely FREE.  No strings attached.  If you're sitting on the fence like I was, I'll tell you now that I wish I joined a year earlier when I had heard about it but didn't make the effort to sign up.  So sign up here, start earning, and rack up those $5 Amazon gift cards to get yourself a flat-panel TV or whatever your heart desires over on Amazon!