In this Penny Hoarder Review, I am going to share with you how this program will benefit you with making more money from home, and how it helps people save money at the same time.
From what I could tell you right off the bat, is if you are looking for advice on how to save money, the Penny Hoarder has the answers.
Please pay attention while I give you everything you need to know about this program and more.
So without further ado, let’s get started!
The Penny Hoarder Review
Name: The Penny Hoarder
Founder: Kyle Taylor
Overall Rating: 2.5/5 Stars
What Is The Penny Hoarder?
The Penny Hoarder is a brainchild of a man named Kyle Taylor, a one-time loan and debt manager back in 2010 whose experience led to the founding of a personal blog dedicated talking about making and saving money.
Kyle’s unflinching passion for this adventure later led him into turning this blog to ThePennyHoarder.com, a publication site that is today known for generating more than 10 million readers per month.
The major goal of this company is to help their readers with their personal finance by creating compelling and engaging content containing stories about real people and actionable money tips that can make a great impact on their readers’ budgets.
So basically they give money tips to the millions of readers that stop by and read their articles.
The Idea Behind The Program
This program is an online money-making platform that pays writers to produce content on earning and saving money.
It is a kind of paid writing platform founded majorly for the sole purpose of helping their readers to overcome their finance stress and manage their budget.
Their focus is on making money, saving money and growing business ideas through the creation of compelling, engaging multimedia content that will make the peice fun, accessible and shareable to their members.
For every avid writer who is interested in these three things, they are probably going to find this site very exciting and useful.
How The Program Works?
The business of this company is getting members to write articles for them, and that is exactly where you as a writer fit in and can also start working from home to earn some money.
Starting on this platform, there are some things for you to understand and what exactly they require of you in writing.
These include, the word count and nature of the article you can submit to their website.
For your article to be accepted, it must be valuable, unique, original, reader-friendly piece and contain an appealing headline.
The word length must not be lower than 700, but up to 900.
In addition to this, the writer needs to have an illustrative writing style that will relate the piece with relevant examples on the internet and from their personal experience.
This way it makes the piece sound real and practical.
The bottom line here is, the stories in these articles must be true and based on actionable tips, either from your personal examples or other relevant examples online.
How Do You Get Paid?
The site pays members via PayPal, and for you to get paid, your article must be reviewed and approved by The Penny Hoarder’s editors.
Once it is approved you get paid, but there is always another avenue for you to get extra money, and that is based on the traffic your article is able to generate to the site.
The milestone: for traffic up to 50,000 you get $100, when it gets to 100,000 you get $200, etc.
This means that you can boost your earning by submitting a more compelling and engaging content that will attract more readers to their website.
Unlike most platforms of its kind, The Penny Hoarder allows you to include links to your personal blog in the article, and this is one thing that I believe will excite many bloggers.
Who Can Join?
Going by The Penny Hoarder’s mission, one can say that the platform is for writers or blog owners who are looking for ways to earn extra cash with their writing skills.
This is a great advantage to an avid writer and most importantly, people with experience or expertise in loans and debt management rather than just a normal class writer.
This I believe because if you have the experience on debt management, you will be able to help out your readers a lot more.
However, it does not mean that other writers cannot make money with the platform provided they can do the research and come up with something more interesting and engaging to their readers.
Is The Penny Hoarder A Scam?
The answer to this question is No.
In my own opinion, I think it is surely a way to earn money for a writer.
But really, do you think you can you really rely on it for survival?
What happens when your content is not accepted?
If you are going to try and make a full-time income online, then you will have to think of other various alternatives to earn money.
Pros & Cons
- Great place to find out ways to save money.
- If you are good with managing finances, this is perfect for you.
- If your website is well established and brings in a lot of traffic, then you’ll be able to make the extra pay from The Penny Hoarders.
- Hard to make money if your article doesn’t make the cut.
- Not much to offer with the learning side of internet marketing.
- If you don’t have much knowledge on managing finances then it could be a challenge for you.
- Not much room for you to grow online.
My Overall Take
I think if you have the writing skills and knowledge that this program needs, you’ll be able to make decent money from them.
If you have a website that naturally brings in a lot of traffic, then writing articles for Penny Hoarder will benefit you so much.
On the other hand, if your site is just starting up and doesn’t receive that much traffic, then you will be relying mostly on your article getting approved and pushed through.
If you have the passion and the time, you should give it a try and see how it works out for you.
If not, there is another way that will allow you to earn a full-time income online, and that is through a platform called Wealthy Affiliate!
This program is a training platform that teaches you step-by-step on how to build up your own online business and gives you the tools and support needed to earn money from it.
Check it out if it’s something that might interest you, it’s well worth the look.
Anyways, I hope this Penny Hoarder review has helped you understand how this program works and how it could benefit you online.
If I was unable to answer your questions in this review, please feel free to leave it right down below and I will do my best to get back to you with an answer.
Thank you for your time and I hope you have a great one!