Is Socialdm.co legit or a scam? What is Socialdm.co and how does it work? Can you earn money with SocialDm? Hellow and welcome to Online Jobs Updates where we will review this new platform to check whether it’s worth it or just a waste of time.
Socialdm.co has been gaining popularity in different countries such United States and South Africa. People are joining the platform in the name that it’s free. But as they say, cheap is expensive and that might be the case with this platform which claim to have a golden opportunity.
What is Socialdm.co?
Socialdm.co is a make money online platform under the GPT category. You get paid to complete tasks as a member. The slogan is becoming yoiur own boss with the platform.
If you pay a visit to its website, you’ll notice they promise that you can earn $500 daily as a user. The idea is to make money from social media. They also state to be payi out over $8,000 every month to their 690k+ active members.
With its major similarities with platforms such as SocialRebel.co I definitely wouldn’t trust it. Even though you may earn on the website, there’s no guarantee that you can withdraw the funds.
How does it work
SocialDM work in a well-known model. Where you sign up, get a link and invite other people to join in the name of earning.
Joining the platform is free and everyone can join provided they’re of legal age.
They’ve multiple ways of earning which we highlighted below;
Pay Per Invite
The referral program of SocialDM ensures that when you invite a friend you’ll earnbetween $10 and $15. This is paid for free referrals who haven’t purchased anything or upgraded to any plan.
The amount paid per invite is very high to a point that if you invited 50 people you would earn between $500 and $750. Which makes you as the question, where does Socialdm.co get the revenue to pay such amount?
After trying to analyze the business model, they’re claiming the same thing as Social Rebel or 5 Billion Sales. The income comes from advertisers who want to promote their products on the platform.
It is an excuse given by Pyramidal schemes since the traffic on the SocialDM.co cannot convert to attract advertisers who are willing to pay over 10 bucks for a sign up.
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Paid per Click
As getting paid to sign up wasn’t exaggerated enough, SocialDM.co is willing to part away with $2 whenever anyone clicks your link. A link that has almost no value cannot payout such amount. It’s a tactic to attract more people into the platform.
Testing Apps and Games
Once you login into SocialDM.co you’ll the option where you will see the section where you can find apps and games to download after get paid.
How genuine this method of earning is will still be a question you we cannot come into a conclusion. Since there are many websites that legitimately pay people to download apps and play games.
Sign Up Bonus
You’ll get free $40 for just signing up into the platform. The amount is credited to your dashboard but cannot be withdrawn. At least not before you reach the minimum cash out limit.
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SocialDM.co Withdraw of Earnings
The platform has listed various methods through which users can withdraw their earnings. Some of these methods include:
- Cash APP
The downside is that even after earning and reaching the minimum withdrawal, SocialDM will not send you the earnings. They’ll find a way to blame you to an extent of closing your account.
The payments proofs provided on the website are most likely fake to lure you into joining them.
It’s risky sharing your details such as PayPal account with SocialDM.co since they can hack into your account. After all, the password you use to register may be similar to that of your PayPal.
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Is SocialDM.co legit?
SocialDM.co is not a legitimate platform. It has so many red flags which makes it a scam where you will end up wasting time with their ‘generous’ offers but you will never withdraw.
The owner of the platform is unknown, there’s no guarante your details are safe, it’s not regulated, the income streams are unclear and many more reasons which makes it a ponzi scheme. SocialDM shouldn’t be trusted as way of making money online.
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