Many people around the world are joining Spare5 in hopes to earn a side income from home.
Depending on your country, working for micro job sites like Spare5 can help you cover all your living costs and even save for a rainy day.
However, you should be careful with fake job sites that will make you work for free and even waste your hard-earned money.
In this review, I would like to cover all you need to know about Spare5 and give you my honest opinion. Is Spare5 a Scam or legit?
Let’s find out!
By the way, if you want to build a lifestyle business and work remotely, don’t forget to check out my #1 rated platform. Free starter membership available!
Spare5 Review Summary
- Name: Spare5
- Website: spare5.com
- Company: Mighty AI
- Price: Free to join
- Membership availability: Worldwide
- Type: Micro jobs
- Minimum redemption:$1
- Overall Rating: 3.7/5
What is Spare5?
Founded in 2014, Spare5 is a website where you can get paid to complete simple tasks, AKA micro jobs including:
- Bounding box drawing
- Star rating.
Spare5 is owned and operated by Mighty AI, a Seattle startup that focuses on providing human insights to improve artificial intelligence.
One interesting thing about this company is that their technology helps the development of autonomous vehicles.
So, by completing tasks for Spare5, you are helping artificial intelligence (AI) engines identify objects along the road and avoid crashes.
Is Spare5 a Scam?
No, it isn’t. Spare5 is operated by a reputable company that has provided services for Microsoft, Experia, IBM, GoPro and many other big brands.
That being said, you can rest assured you will get paid for your time and effort.
Pros and Cons
- Free to join.
- The minimum payout is only $1.
- It works worldwide.
- Decent pay rates in many third world countries.
- Get paid via PayPal.
- Very low pay rates for people in developed countries.
- PayPal is the only payment method.
- Most of the time, there are very few tasks available.
How Does Spare5 Work?
The signup is free and straightforward.
You can register with your email, Facebook, Linkedin or Google Plus account.
The first thing you should do is to complete the demographic survey to unlock the first set of “welcome tasks.”
You will get $0.10 for simple questions like address, income level, marital status, etc.
In the dashboard, you will see a task list with a couple of tutorials.
First, you must complete the tutorial and pass the qualification test (qualifier) so you can be eligible for paid tasks.
The tutorials explain how to use different tools such as the bounding box, segmentation, and line drawing tools.
Read the instructions carefully and try to be as accurate as possible!
Here is one example of where you’d have to create a tight bounding box around the car:
The tasks are relatively easy, but they require precision and attention to detail.
You can practice as many times as you want.
After you finish the tutorial, the qualifier for that particular task will be available on the dashboard.
Don’t stress about failing in your first attempt because you can always retake the qualification test.
Once you qualify, you will create actual training data for self-driving vehicles and teach computers to “see what we see.”
If you are serious about working long-term for Spare5, do your best to maintain a high accuracy rate.
As long as you do a good job, Spare5 will always assign you new tasks from their business partners.
Most tasks are straightforward and take just a few seconds to complete.
Here are some examples:
- Categorisation – For example, identify the type of sport in a short video.
- Write a caption for images.
- Draw bounding boxes around elements in an image.
- Isolate objects by finding the edges in an image.
- Research – For example, find the tweeter profile of famous people.
- Provide keywords (tags) to help identify what the image is all about.
- Identify the tone, meaning, and contents of an audio file.
Spare5 Quality Bonus Tasks
Spare5 has recently incorporated Quality Bonus Tasks, which allows you to earn bonuses for your best tasks.
For example, you may get an extra $0.01 for a task that is worth $0.05.
This reward platform is going viral! Cash out via PayPal, Visa, Gift Cards, and in-game currencies - Click here to find out how to generate an extra $10+ per day!
Spare5 Master tasks
If your accuracy rate stands out from most Fivers, you will be invited to complete Master tasks and earn more.
Your job is not only to review other Five’s tasks but also fix errors and make it perfect.
Spare5 XP Program
Every time you complete a task, you earn experience points (XP) that are separated into 6 different skills:
- Phone Survey
The more points you accumulate, the more exclusive tasks you will get with higher payouts.
Can You Create Multiple Accounts?
Many people think they can create multiple accounts to complete more tasks.
Spare5 doesn’t allow Fives to create more than one account. Those who violate this rule will lose all their accounts and earnings.
How Much Money Can You Earn With Spare5?
On average, you can expect to earn $0.01 – $0.05 per task.
Some tasks pay $0.10 up to $0.50, but they are rare.
Most tasks will give you just fractions of a penny, and you will work for much less than the minimum wage.
It’s possible to earn $6-$12/hour, depending on the task, your XP level and how fast you are.
One a Reddit thread, one Spare5 freelancer (Fiver) said he worked for 5 hours and netted $4.
Another person said he was working 12 hours per day for $50 per week.
At this low pay rate, I can only conclude that Spare5 is not for people who live in Europe, North America and Oceania.
Not only that but sometimes weeks go by with barely any tasks available.
One experienced user said Spare5 is very unpredictable. They send you a ton of tasks for a few days, and then nothing comes up for weeks!
Spare5 Is a Great Opportunity For Venezuelans!
Earning $50 per week may not even pay your daily rent in New York City.
So, it’s inconceivable to think that an American citizen would work 12 hrs per day for $50/week. That would be insane!
Imagine if you lived in a country where the minimum wage is $10 per month?
That’s the reality for Venezuelans.
For them, joining Spare5 to make $0.05 per task is a life-changing opportunity!
How Do You Get Paid?
The minimum payout requirement is only $1. Once you have earned at least $1, you can request the payment to your PayPal account.
All the payments occur by 5 pm Friday Pacific Time
If you want, you can increase the minimum payout to $300 in order to reduce the transaction fee.
It makes sense to raise the minimum requirement to reduce transaction and exchange fees.
Spare5 is a legitimate micro job site where you can make easy money online.
However, the pay rate is significantly low for people who live in developed countries.
If you live in India, Africa or some Asian countries, you can benefit more from Spare5 because you will receive dollars.
Some people who have tried Spare5 think that MTurk is better. The problem is that MTurk is a bit more difficult to qualify!
Regardless of where you live, there are much better ways to make money online.
If you are interested in the strategy that I use to make over $1,300/mo from home, keep reading the next section.
My #1 Strategy to Make Money Online
In 2015, I was struggling to make ends meet in London.
Over 80% of my minimum-wage was spent on shared accommodation, low-quality food, and overcrowded transportation.
So, I decided to search for a way to make an extra income online, and I ended up with online surveys.
Yes, the extra $50-$100 per month was helpful, but it would never change my life.
Eventually, I discovered the possibility of making $3,000+ per month with affiliate marketing!
I found a community of entrepreneurs who were making a full-time income while travelling the world.
This changed everything! I started dreaming about being my own boss and working remotely.
I followed their step by step training, built my website and started writing content for about 20-30 hours a week.
After two years, I am making daily commissions of $20, $50, and even $170.
I highly recommend affiliate marketing to anyone serious about making money online.
If you want to start your own affiliate website and work for yourself, check out my #1 recommendation below.
It’s the same platform that I use to get proper training, support and all the essential tools to build my website.
By the way, there is a 100% free starter membership that will take you by the hand to build the foundation of your business.
Thank you for taking the time to read my Spare5 review.
Have you tried Spare5? If so, what is your opinion about it?
Leave your thoughts in the comment section below to help others out!