Last Updated on October 24, 2020 by Emma
One of the buzzwords in recent years has been ‘side hustle’; a way to make money alongside your job, or other business. 20Cogs is a one-time activity rather than an ongoing side hustle, however, it can link you to ongoing revenue sources.
So what is, how does it work and is it any good?
What is 20Cogs?
20Cogs is a legitimate way to make money online by completing a series of activities that you get paid a fee for.
20Cogs gets its name from the number of activities you have to complete to get a payout – 20, and the types of activities you complete:
- Online Games
How much did I earn through 20Cogs?
I made £145 directly from 20Cogs based on the offers I chose to complete. If I’d selected some of the higher paying offers such as changing my energy supplier and some casino offers, then I could I have made £200+.
I was not eligible for some of the casino offers as I was already a member of those sites through my matched betting side hustle.
However, I made an additional £300+ in payouts from a casino offer that I did through 20Cogs, which was amazing as this money is tax free!
What are the advantages of 20Cogs?
- The activities are very simple.
- It’s fun and motivating to visually see the progress you are making as you turn the 20 cogs green.
- You have the freedom to decide when you work on the site. There are no limits. You could be earning money from the comfort of your home or from the beach on holiday!
- You can make a great one-off side income. Payouts of £200 are pretty typical, which can be a nice contribution to a holiday, Christmas or some pampering.
- I made additional money through wins on some of the casino sites that I was able to join risk free, which pushed my winnings WAY UP. However, this is not guaranteed and I would not recommend that any with a gambling issue attempts any casino offers because you could lose a lot more than you earn if you continue to use the casino after the welcome offer.
What are the disadvantages of 20Cogs?
- You need to be organised to remember to cancel subscriptions before you get charged.
- You need to invest some time in completing the offers.
- Sometimes the site does not automatically register that you have completed a Cog. This happened to me a few times but the admin support team at 20Cogs sorted this out for me each time so that I did not lose out.
- You can choose which offers you do. Each of the 20 Cogs gives you a choice of three or four options so you can pick the one that works best for you.
- It’s taxable income, However, at the time of writing this post the Government allows you to earn £1,000 online before you have to complete a tax return so if this is the only thing you do, it will not push you over the limit.
Who should not use 20Cogs?
20Cogs is an excellent way to make some side money for a lot of people. However, there are a couple of cases where the site may not work for you, or you should be more cautious about the activities you select:
- If you are disorganised. To make money it’s important to cancel the subscriptions you sign up to at the end of the free trials or you will eat into your profits. However, one way around this is to try and avoid the offers that rely on remembering to cancel an offer, or you could set an alarm or reminder on your phone to remind you to cancel; that’s what I did.
- If you have a gambling addiction. Some of the most lucrative offers are the ones relating to online casinos. If you have any form of gambling issue I would recommend staying away from these offers as you could easily lose more than your 20Cogs payout if you continue to use the casino site after completing the welcome offer. 20Cogs gives you a choice of offers at each of the 20 cogs so you can easily ignore the casino offers.
A great one-off online income
I had a great experience using 20Cogs and thoroughly recommend it to anyone who wants to make a one-off side income. The site will also send you ongoing offers to work with survey sites which can turn it into an ongoing source of income for you.
Why not check out 20Cogs today?
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