Welcome to my Lunchmoney.io Review!
Lunchmoney.io claimed to let you make money by providing your opinion towards food and restaurant. In this review, I am going to show you everything about Lunchmoney.io and hopefully it helps you to determine if this is the program for you to make money online.
This review consists of information like:
- What is Lunchmoney.io?
- How to Make Money with Lunchmoney.io?
- What Do I Like About Lunchmoney.io?
- What Don’t I Like About Lunchmoney.io?
- Is Lunchmoney.io A Scam?
Before I start, I must congratulate you for spending time to do your own research about the truthfulness of any program.
It is important to check a program’s review before buying it because there are too many scammers online!
I am not associated with Lunchmoney.io in any way so rest assured that I am not here to sell you anything.
Lunchmoney.io Review Summary
Product Name: Lunchmoney.io
Author: Jeffery Varnado
Product Type: Student Homework Support
Price: Free to Join
What is Lunchmoney.io?
Lunchmoney.io is basically a website that receives your feedback about a restaurant or specific food and pay you with the cryptocurrency, Ethereum.
It was founded by Jeffery Varnado in September 2017, 6 months after he launched the Restaurant review platform, Restaurant P.I.
According to WHOIS(a website tracker), lunchmoney.io was created in February 2018. It is a little later than what the author claimed but overall it is a relatively newer program.
Basically, both Jeffery’s programs, Lunchmoney.io and Restaurant P.I serve the same purpose.
It is just that Restaurant P.I. is the actually platform while Lunchmoney is the token they use for the platform.
Now let’s see how does the company sustain itself and more importantly how do we make money with it.
How to Make Money with Lunchmoney.io?
According to their website, there are basically 3 ways to make money with it.
Step 1: Eat and Write
You need to write down your opinion about the food you had and take a picture of the receipt.
Step 2: Submit and Wait
After writing the review, you can submit it on the official website. You will see portal where it asks for your personal information like your name and email address.
You just have to fill up the page and submit your feedback. Then you need to patiently wait for the approval.
You can also check the status on View Ledger which is a feature on the website.
Step 3: Receive Token
Once your review goes through the system, you will receive the pay in the form of cryptocurrency which is what they called “lunch money”.
That’s it. It is how you are going to make money with Lunchmoney.io. Now you might wonder how would the company benefit.
The business model does make sense because essentially the company makes money by working with different restaurants and they are also promoting the usage of Ethereum.
They are trying to build up the ecosystem for their cryptocurrency because once more people use it, the value will increase due to the higher demand.
What Do I Like About Lunchmoney.io?
1. Side Income
Even though you can’t replace your full time 9-5 job with Lunchmoney.io. However, it is a nice little side income you can earn while living your regular life.
It takes no more than 5 minutes to write your feedback and take a picture of the restaurant receipt.
Then you are potentially the owner of Ethereum which can be very valuable in the future.
Who knows what’s going to happen with crypto right. Nobody knows Bitcoin is going to worth 10k per unit 10 years ago.
2. Totally free
You need to eat no matter what. So doing this basically cost you nothing. Why not make some extra money, since there’s no risk at all and yet it doesn’t take much time.
What Don’t I Like About Lunchmoney.io?
1. Not Guaranteed Profitable
Again, not 100% of your review is going to earn you money. In fact, many people have complained about not getting paid.
You need to spend time and effort into writing the feedback to stand out among others.
2. Not Paying in Cash
Of course, they claim that you can exchange the cryptocurrency with cash. But you need to find someone who is willing to trade with you.
There’s still some time and effort involved and not many people are willing to go through that hassle.
3. Not Passive Income
I generally recommend using the time to build your own online business so that you can retire earlier.
There are many kinds of online businesses in the modern digital world. Some are high risk, some are low.
I am suggesting to start with a low risk one if you don’t have a big funding. Please feel free to check below where I share how I make money online with the minimum risk.
Is Lunchmoney.io A Scam?
Lunchmoney.io is not a scam but it doesn’t directly pay you cash for your work. I recommend you to find an alternative to make money online.
There are tons of better alternatives to generate online income. For example, my blog is my one of my business that’s been generated passive income for me.
Once I create a blog, it will be read by thousands of people worldwide 24/7. I then ran affiliate marketing on it and if somebody buys through my link, I earn money.
That’s how I have been making some decent side income each month even when I am not actively writing blogs.
I have documented my online venture below to talk more in detail about how affiliate marketing work.
Please feel free to leave me any questions or concern. I will be more happy to answer. Thanks.
Have you thought of creating side hustles that will become your passive income sometime in the future?
This is the No.1 Recommended method that requires no start-up fee but it requires a good amount of time and effort for building the business up.
Click here to learn how to create 4-figure passive income every month with minimal risk.
More Read: Highest Paying Online Survey Sites in 2019
More Read: 6 Ways to Earn Money With a Blog
More Read: How to Make Money From Home With $0 to Start