How Sweatcoin Makes Money
How Does Sweatcoin Make Money
How can a company like Sweatcoin afford to pay tens of millions of people just for walking? Well, today, we are going behind the scenes of the crazy popular Sweatcoin app to show you how they really make money. This is based on a video I did a while back on how you can make as much as $112 a day or more walking. Plus, I’m going to show you exactly how much I earned walking three to five miles a day for the last 90 days. It’s actually pretty cool.
But first, let’s have a brief look inside the company. Sweatcoin is a simple app you can install on your phone to make money just by walking and doing other physical exercise. This company was founded in 2015 with a small investment of 600,000. And just a few short years later, they raised a staggering 5.7 million. And as you can see, this company is no slouch. The last reporting shows it was earning over a million dollars a year, which was several years ago. So I’m guessing they’re making a lot more now.
But why in the world would accompany pay you just to walk? And why would these investors shell out a bunch of cash just to give it away? And in order to understand that, first, we need to take a deep look at how the Sweatcoin app actually works. First, you install the Sweatcoin app to your phone right like this. Then, once it’s installed, you could go for a walk, jog or run, and it’s going to calculate the number of steps that you earn. And for every thousand steps, you get one Sweatcoin. Which means if you walk a mile, you get five Sweatcoins. But don’t get too excited yet, because Sweatcoins are only worth about five cents each.
Okay. So it looks like my steps were a little bit bigger than I made it out to be, and I’m getting about five Sweatcoins per three miles. And once I get these Sweatcoins when I walk, it is going to go into my Sweatcoin wallet. This keeps a tab on how much I’ve earned and what I can do with it. And of course, most people are going to ask, “Hey, how do I cash out and get this in my PayPal account?” But in order to do that, you have to have like a thousand actual dollars, or 20,000 Sweatcoins. Which is like 200,000 steps.
But don’t worry, there’s other ways that you could spend your Sweatcoins and get cool stuff. And this will give you the insight in to how Sweatcoin is actually making money. We could see this offer here within my Sweatcoin app where I can actually get a free trial of a Dollar Shave Club. That’s right. I get a bunch of razors to shave my non-existent beard and everyone’s happy. Or I could get a 60-day free trial of Daily Burn. I can even get 50% off my next tee order for just 10 Sweatcoins.
I could get a two-month trial of audible so I can listen to audio books. I could get a weight loss protein bundle, or even some skincare with men in mind for just 15 Sweatcoins. And Sweatcoin does a wonderful job of letting me know the new things I can buy. Like this one where it says, “Spoil your dog with BarkBox.” That one’s only like 50 Sweatcoins. I can donate my Sweatcoins to charity, or, after I take 19 million steps, I can bid on a flat screen TV.
So how does all this make Sweatcoin money? Well, if we look over here on OfferVault, which is a very popular affiliate network search engine, we can find out that a lot of the stuff that we’re bidding on or paying for, actually pays Sweatcoin when we get the free trial. Like this one where the affiliate gets $15 when someone gets a free trial of BarkBox. Or the Lumin skincare trial that pays $3 when someone signs up for free skin care. Or like all these diets that pay for a free trial, some as much as $60 per signup.
But what about that audible book thing? Well, yep, they have an affiliate program too, and you can see they pay anywhere from 50 cents to $10 when someone signs up for a free trial. Affiliate marketing is pretty lucrative. I should probably get into that. Well, I am the affiliate marketing dude, subscribe and click the bell if you want to see videos on affiliate marketing.
So what’s happening behind the scenes on the app is when you click on this little link here to get the Amazon Audible free trial, they use what’s known as an affiliate link. This link tracks where every click comes from. And in this case, it comes from the Sweatcoin app. When you sign up for the trial, Sweatcoin then gets paid for that referral. Or, like this example with the Harry’s shaving trial, you click the link in the app, it tracks them as an affiliate. And this one pays from $8 to $15 per trial. But since Sweatcoin is a pretty big company, with tens of millions of users, they’re probably getting a heck of a lot more. And this is a good example of a very creative way to make lots of money with affiliate marketing.
Now, I’ve been making money online with affiliate marketing for over 21 years, and I found out, hands down, the best way to do it is with creativity. Because if you market something like BarkBox that’s going to pay you $15 per sale, and you market it under something like dog food, you’re going to find out that that’s pretty competitive. But I could start a video channel and create videos of funny things that dogs do, targeting dog owners, and then tell them, “Hey, check out this free trial of BarkBox.” And when they sign up, I get paid. I get paid. I get paid.
Heck! There’s even tons of groups, forums, blogs, and websites, all about how to grow a beard. At 41 years old, still working on that. And these people would be interested in the Shave Club where they get free razors, shaving creams, and lotions, to help them out with their beard. And you get $8 to $15 when they sign up for a free trial. You can even get paid for giving away free downloads, getting people to click on ads, when people buy products, and more.
And the reason apps like Sweatcoin do so well is they focus on getting a targeted group of people that are interested in a topic. They simply put their affiliate links in front of that audience and rake in huge money. Some of the ways you can use affiliate marketing is by creating your own website, making a simple app, starting a YouTube channel, blogging, posting on forums, starting a social media group, and more.
And some of these companies, like the Honey app, which we reviewed last year, are making over a hundred million dollars a year with affiliate marketing. So yeah, this is a business you need to pay attention to. And you also need to smash the like button if you’re enjoying this one.
Now let’s have a look at how much I made in the last 90 days walking every single day. So my wife and I started walking about 90 days ago when the doctor said, “Hey, you need to get some exercise and stop sitting in front of the computer all day.” We started walking about three to five miles per day, which earned about five Sweatcoins per day.
So in total, after walking what equates to being the entire length of the State of Florida where I live, I ended up getting 451 Sweatcoins. Which equals about $22 in cash. And while that might not seem like a lot, it’s probably going to keep me out of the doctor’s office, because I had to walk anyway, and I could use this to donate to charity, bid on auctions, try out free products, and more.
And this is just one example of the many huge companies that are using affiliate marketing to rake in money like crazy. And if you want to learn more about affiliate marketing, subscribe, click the bell, give this video a big thumbs up, and check out my next video over here somewhere.