Cash Magnets is an app you can download only on Android and with which you can earn passive income. You get to be anonymous within the app or at least this is what is advertised.
In this review and I am going to talk about the pros and cons of Cash Magnets and if it is worth to
download it or is it just another scam.
First of all, Cash Magnets is free to join so you don’t have anything to lose by downloading it but your time.
Cash Magnets was created by Brendan Mace, a well-known internet person who has created other successful products like Zero Hour Work Day, Ignition, Genesis, Incognito and Jano Armstrong.
Brendan Mace has been doing internet marketing for 10 years and he has a good reputation online. You can find more information about Brendan Mace on his blog.
You can also check his YouTube channel here.
And here is Jono Armstrong’s blog. He is a musician and an internet marketer at the same time.
Cash Magnets promises to show you 5 Cash Magnets which consist of ways to earn passive income. The 5 Cash Magnets are: funnels, reviews, blogging, YouTube, and monetizing your site.
The program is divided into six parts containing each 40 minutes of video.
The app automatically searches ads online and clicks them for you. At first, it sounds like a great way to make money online, but I wouldn’t recommend this app as you are going to make very few pennies with it. Overall, I don’t think it’s worth it.
On their website they claim that you can earn $1 every two days, but this depends also from the time you will leave this app running on your phone. 1,000 points on the app are worth $1. You can get paid through PayPal.
The app runs on automatic and it doesn’t need a user to earn passive income, they just need your phone.
You do not need to perform tasks, watch ads or play games. The earnings will come in an absolute automatic way. They claim that after two months of using this app you are going to the amount of money it takes for you to buy another phone which can run automatically for you too.
They also claim that the app is safe and that your data are not going to be used in any way. But is there a catch then?
1. They don’t teach you to get organic traffic which is the most targeted kind of traffic
2. It is not for beginners, it provides generic theory
3. A lot of information in different areas which can cause information overload for many beginners
4. Unrealistic income claims
5. You will need an extra budget to implement the strategies taught by Cash Magnets (hosting, keyword research tool, SSL certificates etc)
1. No skills or experience needed
2. Easy to follow
3. Created by experienced money making coach
4. You don’t have to spend money for traffic
5. 30-day money back guarantee
Cash Magnets presents you five well-known methods of earning online and it doesn’t go into detail to really explain everything to a newbie.
Cash Magnets also has an affiliate program: you get 5% of the points of the person you referred and 5% of the points of your second tier referral.
I do not recommend Cash Magnets. All it does is explain you which are the methods of generating passive income.
It will be up to you to implement them and you would need to spend extra money on hosting, domain, a keyword tool etc. They make it seem like earning with the methods they explain is easy and fast. It’s totally misleading to tell this to a newbie.
Cash Magnets can be good to learn about passive income methods but you can learn them for free by just doing a Google search.
Also it is better to focus on only one method than learn about five of them and feel overwhelmed.
My favorite method is affiliate marketing as it newbie-friendly and the start up costs are low.