What is Ibotta About?
What is Ibotta about? What will Ibotta offer me? These and many more questions many people often ask about Ibotta most especially by the newbie. Ibotta is a mobile App that lets you earn cash back on certain items of shopping.
If you understand couponing then Ibotta is an advanced version of couponing. With Ibotta, you get the thrill of saving as you shop without the trouble of lagging coupon clippings.
If you are the type that always wanted to use coupons but found them to be tedious, then Ibotta will be a perfect way to practice your saving skills.
On the other hand, if you love couponing, Ibotta does not interfere with your coupon shopping. You can use both coupons and Ibotta while shopping.
In this Ibotta review, you will learn all about Ibotta and how you can possibly make money online with either the Ibotta app or the websites itself.
You will watch YouTube video review of how it works and I will be recommending the best platform in the world that can possibly earn you over $20,000 monthly within two years.
Do I Recommend Ibotta?
I would definitely recommend anyone to use Ibotta. First, it offers an opportunity to earn money while you shop. Secondly, you don’t have to spend any money on it since it is free.
There really isn’t any downside to having Ibotta and using it as you shop. Especially if you like to use coupons, you will find the tasks on Ibotta quite simple to complete. Even if you don’t use coupons, who wouldn’t want to earn money while shopping for items that you were going to buy anyway?
YouTube Video on How to Use Ibotta
Can You Really Make Money With Ibotta?
Making money on Ibotta is dependent on how many avenues you open to boost your earnings. The payout on generic items is quite low and although brand-specific items pay better, it is nothing to write home about.
However, if you incorporate money from referrals, bonus rebates, and teamwork bonuses, you may be well on your way to substantial earnings. So it is safe to say your earnings are hinged on how hard you work at it. I guess it is not really “free money” after all.
What Products Does Ibotta Promote or Sell?
The generic products offer very low rebates (usually around $0.25) while the brand-specific products pay a higher rebate (from $0.25 – $3 or more).
The upside of buying generic products is that the brand does not matter. Any product you buy as long as it is on offer will earn you a rebate.
A big percentage of the products on Ibotta are everyday grocery items. These are the products you shop for on a regular basis.
Occasionally, there will be home and office items, electronic appliances, clothing, pet accessories, and vehicle parts.
Cost / Price Involved
The Ibotta App is completely free to download and use. Perhaps this is the most appealing quality of this App considering the fear of losing money is the strongest deterrent to participating in anything.
They make money from the retail stores affiliated with them. However, it is important to note that if you go for 12 months without using your Ibotta account, it will be considered dormant and you will be charged a fee of $ 1.99 monthly forthwith.
Is Ibotta a Good Business Opportunity?
The potential to earn substantial money on Ibotta is very narrow. That being said, it is definitely worth the trouble of downloading and uploading the various scans required to earn your rebates. The way I see it, groceries are like the air we breathe.
Even without Ibotta, you were going to shop for groceries anyway. It is also likely that you would shop in one of their selected retail outlets since they have snagged all the retail giants.
The trouble of taking a few pictures and answering a few questions is well worth earning actual cash back.
YouTube Video Review of Ibotta
What I Like About Ibotta
- It is free.
- The ranking of the App and the reviews are largely positive.
- Cashback means actual cash and not coupons or loyalty points.
- You can use both Ibotta and a coupon on the same product and benefit from both.
- You can redeem items that you previously bought but have just recently been added to the offer list just as long as the transaction is not more than a week old and you have the receipt.
Issues with Ibotta
- Offers are available only in selected stores and selected items.
- The minimum balance that you can withdraw, the earnings per referral, and earnings on a new account keep changing.
- They only have one reward per item. Unlike couponing, you cannot benefit from buying multiples of the same item.
Who is Ibotta For?
Ibotta is for everybody. Anyone who does shopping should do so through Ibotta. Unless finding an outlet that carries their offers is well out of your normal routine. And even if that is the case, Ibotta is adding retailers to their list every day and it is likely that your nearest store will soon make the list.
If you are a busy person worried about the amount of time it takes to upload the receipt and product images, users have confirmed that it takes no more than 5 minutes to complete the process.
How to Actually Make Money on Ibotta
- The process of making money on Ibotta begins with downloading the App to your smartphone. Once you are all set, open the App and select all the products that you would like to purchase.
- Under each product, you will see the reward to be earned once you buy the item and complete the various tasks provided. The tasks are usually a social media share, a short survey and a fun fact about the product. If you choose not to do the tasks, you will still earn some reward for purchasing the product but not the full amount.
- Select the store from which you will be making your purchases. Ibotta is affiliated with all the major retail stores including Walmart, Dollar General, Target, Kroger, Safeway, and Meijer just to mention a few.
- As you shop, keep an eye out for brand-specific products. Before you purchase any brand-specific item, scan it into Ibotta to make sure it is the same item on offer. Sometimes, the products don’t match and if you’ve already left the store, it may be too late.
- Once you are done shopping, ask for an itemized receipt. This makes it easier as you upload the items and the receipt to Ibotta. Upload your receipt and each of your items and click on “Redeem” and voila! You are done with the process. Wait for 24 hours for your money to materialize in your account.
- On your account, find the specific link for sharing and inviting friends to join Ibotta. Share it on social media platforms and/or do an email blast to your friends and family. Each person who joins through your link will earn you $1.
- Join a team as well so that you can benefit from teamwork bonuses.
- On future shopping trips keep your eyes peeled for bonus offers that you can take advantage of to earn more cash.
YouTube Video How to Cash Out from Ibotta
Ibotta has changed the face of couponing. It was founded in 2011 and has since teamed up with over 50 major retailers, restaurants, and brands to provide cash back rebates on purchases.
Ibotta is ever improving and will soon do away with the manual scanning of receipts by linking directly to your loyalty card to get your purchase information. It also hopes to add to the list of retailers carrying its service to reach across America and other continents.
I hope your question on what is Ibotta About is well answered. Do you have more question? Or comment? Kindly drop your question or contribution in my comment area below.
Ibotta at a Glance
Owner: Bryan Leach
Overall Rank: 60%
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