This review is going to be about a website called SolidityGroups.com. What is Solidity Groups? Is it a scam? Or a legitimate opportunity for you to earn money online? Is it really worth spending time and investing money on such sites? These are some of the questions that we will be focusing on in this short review.
Alright without further ado, let’s get things rolling…
Name: Solidity Groups
Price: Free to join
What is Solidity Groups all about?
Solidity Groups is a fairly new site that has only been around since 16 October 2016. Currently, they have just over 11,000 registered members and claimed to have paid out $23,720 during this period.
According to their website, with just a few simple steps one would be able to earn passive income through Solidity Groups. Basically, this website is a combination of both Paid-to-Click and Revenue sharing. Other than an earning opportunity for members, business owners can also leverage on their Advertising services to drive traffic to their programs or products.
Signing up with Solidity Groups is free and the process is quite fast too. All you need to do is fill up your name, username, password and email address.
How Exactly Do You Make Money?
There are several ways you can earn income through Solidity Groups. I will explain every one of them right below.
#1: Viewing of Advertisements
The easiest and quickest way to earn money with SG is to take part in their Paid-To-Click opportunity. All you have to do is click on their links and view the ads for a couple of seconds. Upon completion, you will be credited a small sum(usually between $0.002 to $0.006)
There are only a certain number of Ads you can view per day. Once you have viewed all, you will have to wait for it to reset. However, do take note that the amounts of Ads you get daily may vary from time to time as depending on how many Advertisers purchase the services.
Let’s do some quick calculations to see how profitable are these ads on a typical day.
I got 27 Ads that are valued at $0.006 and 31 Ads that are valued at $0.002 on my first day. If I click on every of them, I will make around $0.224. If you do this for 30 days with roughly the same number of Ads, you can earn around $6.70 which is obviously not much.
If you are expecting to make anywhere near a “decent” income, completely relying on viewing of Ads is not going to help.
#2: Purchasing Solid Shares
In order to make some good money, participating in their Solid Shares opportunity is a MUST. This isn’t free. You will be required to spend some money upfront. How much you are going to earn depends on how much you are willing to spend.
For every $1 worth of share you purchase, you will earn 18% which is $0.18. According to their website, you will receive this amount continuously for 15 days after which you have to purchase again.
To be honest, this opportunity seems too good to be true. I have taken part in many revenue sharing programs in the past and have seen sites pay for the first couple of weeks and then we tend to see all sorts of patterns of members not getting paid and such.
If you purchase $100 worth of shares, you can expect a return of $270 in just 15 days. Wow, a profit of $170 for literally doing nothing? To be honest, I am not buying into this idea of making easy money.
For those of you who really want to give this a try, just invest a small sum that you can afford to lose. Please do not greedily try to invest hundreds or thousands of dollars thinking you can get rich overnight. Normally, those opportunities can turn against you very easily.
#3: Earn Referral Commissions
According to their website, you can earn up to 40% referral commissions.
However, I don’t quite know exactly how…
All I know is that you do make some commissions when your referrals make an upgrade or purchase some ads. You also can earn money from the clicks that your referrals make. As a free, member you will get 20% of your referral’s clicks. If you want to earn either 50% or 100% of the value, you will be required to upgrade your account.
I will talk more about the upgrading slightly later on.
So the question now is how to earn this referral commissions?
There are two ways to do it. One is direct referrals and the other is rented referrals.
Direct referrals are those who join through your referral link. You can typically share those links to your family, friends, social media sites, blogs and etc. But from my experience, it’s not easy getting direct referral through some of the above methods. You can get a few but not as many as to make some decent income.
This is where most people will tend to prefer the rented referral option.
You will pay a certain amount of money to rent these referrals. They act or behave the same as a direct referrals. The only difference now is you pay for them and it’s only available for a certain period. The problem with renting referrals is that you still don’t have any control over them.
Meaning if they create an account and decide not take part in this opportunity anymore or they have no interest in purchasing ads or upgrading their account, you will not earn commissions. In other words, you spend money and end up not making a profit.
Should You Upgrade Your Account?
I know some of you might have been considering about upgrading your account, so I think it is appropriate that I shed some light to you first before you eventually make a decision.
First and foremost, upgrading your account is going to cost you money. If you decide to upgrade to Solidity Groups it is going to cost you $5 for 100 days whereas Platinum Solidity Groups will cost you $50 for 365 days.
To be honest, it isn’t expensive at all but the issue here is whether it is value for your money and can you really make the most out of it?
To me, the only major difference between the free membership and the others is the click value. Now the click value for the free membership is capped only at 20% and it is $0.002 to $0.006. When it is at 100%, you definitely can earn more for each click.
You should only look at referral clicks if you are planning to get referrals on a regular basis. If not, don’t even bother looking at that. The referral upgrade commissions and Ad purchase commissions are the same throughout. Renting referrals is a big no for me because it’s just going to eat up more money on your side.
In conclusion, your decision to upgrade should only be based on your ability to get referrals. If you have no idea how to get them or is very poor in getting a consistent amount of referrals week in week out, you are wasting your money upgrading your account.
End of the day, instead of making money you are actually losing money.
Is Solidity Groups a Scam?
As for myself, I did continue to clicks on the ads for about a week to reach the minimum cash out of $1. However, till now I didn’t get paid for it. I did look around and see what other sites are saying and I notice that many others have deemed SolidityGroups as a scam for not paying.
Seems like I am not the only one not getting paid.
To sum things up, I would encourage you not to invest any of your own money into this website as it seems that these guys have stopped paying their members since awhile ago.
If you really want to try it for yourself, either you invest a small amount or you try clicking the ads for a week to see whether you could withdraw it.
Final Verdict: Scam, Not Recommended
Safe & Solid Way To Earn Money Online?
For those of you who are keen in generating good income online, I highly recommend that you Start Your Own Online Business. This is a really safe and solid opportunity because you don’t depend on anybody but yourself. You don’t have to worry about completing the tasks and not getting paid later on.
So… what do I mean by online business?
There are many ways of running your very own online business. Selling your own products, running an e-commerce store, Amazon FBA is a few I can list from the top of my head. But the one that I am most comfortable with and talking about now is called Affiliate Marketing.
Affiliate Marketing means promoting someone else’s products/services and earn commissions from it. There are countless of benefits for this approach which is the reason why I really love it.
Some of them include…
- You don’t need a huge capital to start
- Can be done from the comfort of your own home
- No need to physically get in contact with anyone. Everything is done through the internet.
- You don’t have to worry about what products to sell or storage space to put your products
It’s really not difficult to get started. All you need is an interest or passion. If you have one, you can build a business around it. I have been doing this for just over a year and have seen more than just great success with it. This opportunity has allowed me to quit my day job and run this entirely from home and the best part…? My income is almost 3 times of what I earned in the corporate world.
Though it is nice to hear… I have to tell you that this didn’t happen overnight. I have put in a great amount of effort to make this work. If you are expecting to make tons of money within a week or month, sorry, this isn’t something for you. You have to put in the effort and give yourself enough time to see success in this.
I know some of you might be thinking right now, how do I get started without any proper understanding or knowledge about Affiliate Marketing & starting an online business. Don’t worry, I have got you covered. I have been using this program called Wealthy Affiliate. It’s an online training platform that teaches you from scratch to building an affiliate marketing business.
If you are interested to find out more, you can check my review on it…
Alright, I have come to the end of my review on SolidityGroups.com. I do hope by now you have a better understanding of what it is all about and whether it is something you want to take part in. Those of you who have personally tried Solidity Groups are welcomed to share your experiences with us in the discussion section below. Questions are welcomed too.
Thanks for reading…
And I wish you success 🙂