SocialDM Review – Is socialdm.co SCAM or Legit?
Easy money with little effort.
I also know how difficult it can be to work a job you hate, which isn’t as bad as no job. In either case, you feel powerless. This is what makes websites like SocialDM so appealing. They make it feel like there’s a light at the end of a dark tunnel.
But the majority of websites like SocialDM are scams.
In this review, I will explain everything about SocialDM. Who they are, how they work, and what they do. Of course, I’ll uncover the truth about SocialDM, so you will know if it’s legit or a scam.
What is SocialDM?
SociaDM is a reward site that claims to pay you for inviting your family and friends to join and for doing online surveys and various tasks.
As you probably noticed on their site, you can make $500 a day, or so they say…
It’s also the #1 Social Earning Network (in the world, presumably), according to SocialDM. They say influencers enjoy their transparency, flexibility, and high payouts.
Until recently, I was unaware of SocialDM. And since you’re reading this review, I’m guessing it’s new to you too…
… which is weird since they claim to be the #1 Influencer Network in the world.
That’s an impressive claim.
Equally impressive is their $500 per day claim. That adds up to $182,500 per year. And all you have to do is share your SocialDM referral link online, post it on social media, and do some surveys.
Does that sound right to you?
Nearly $200,000 per year with no experience, training, education, and hardly any effort at all?
It sounds too good to me, so what’s going on here?
The obvious answer is that it’s a scam, but let’s take a closer look.
Is SocialDM a Scam?
You want to make money from home, and the person (or group) running SocialDM knows it too.
People are looking for an escape from their situation, whatever it is. A way out, which is why so many scams are taking advantage of people’s desire for a better life.
Sites like SocialDM do this masterfully.
In addition to promising big money for little effort, as mentioned earlier… they claim to be the #1 Social Earning Network.
That’s what tipped me off that SocialDM is a scam. Well, that and a few other things I’ll go over below.
These are all scams. I’ve reviewed dozens of them, and they all operate the same. And they all belong to the same network of scams.
They sometimes look different from one another, and other times they look the same…
Above is a comparison between SocialDM and BestBitBank, both making similar promises. I don’t think the identical look is a coincidence.
In some cases, the similarities are more subtle. The example below doesn’t prove they are the same, but it’s a clue to look further…
As it turns out, socialdm.co and cashandgo.co, as shown above, and again… both belong to the same scam network.
Another clue that leads to further investigation is copy-and-paste text between scam websites. Below is a portion of SocialDM’s terms page compared to the same portion from another site called Sharerify…
When you compare the highlighted text, they are identical. The rest of the document continues this way, but there’s not enough space here to show the entire text compared. But I’m sure you get the idea.
Legit online survey sites like Survey Junkie and Inbox Dollars are much safer. And they offer “real” payments. Not the ridiculous amounts SocialDM claims to pay, but they also don’t pretend to be something they are not.
Having said that, if a bigger income is what you want, an online business may be what you’re looking for.
You may be at home with young children or having difficulties with your health. Maybe you’re stuck in a job you don’t like.
If that’s the case and a full-time income from home is what you want, knowing how and where to get started is what you need in order to get what you want.
As far as SocialDM goes, there is clearly something shady going on here. And these are not the only red flags. There are more.
Red Flag #1 – No Founder or CEO
Let’s return to the example of finding a job with no education or experience that pays $182,500.
It’s ridiculous enough on its own; an offer like that with no requirements and no experience.
But it’s even more ridiculous considering it’s coming from an anonymous employer. A ghost.
Look over their site, and you’ll see that SocialDM has no founder, no CEO, or anyone affiliated with it. This is a serious red flag because it’s what you would expect from a scam.
Scammers usually hide their identities for obvious reasons.
Another consideration is that whoever owns SocialDM is a philanthropist. Someone anonymously making people rich and changing lives all around the world. Because if it were real, it would truly be life-altering.
In some countries, $182K per year might change the lives of entire communities and lift millions, if not billions of people out of poverty.
And yet, the owner of SocialDM is a mystery.
Red Flag #2 – The Numbers Don’t Add Up
Here are some impressive claims (screenshot below)…
SocialDM claims to have more than 690,000 active users who have received an average monthly payment of $8,000.
They also say they’ve paid out $35 million (but this doesn’t add up).
Let’s do some simple math.
690,000 active users multiplied by an $8K average monthly pay (690,000 x 8,000), equals $5,520,000,000 (or roughly 5.5 billion Dollars).
And that’s Per Month!
That’s way more than the $35 million they claim. It’s 1,892 times more than what they claim.
Based on their numbers, they have 690,000 active users and paid out $35 million. If these numbers are true, the average “total” pay since they started (not per month) is roughly fifty bucks (35,000,000 divided by 690,000 users = $50.72).
So one or more of the claims on socialdm.co is incorrect.
Let’s give them the benefit of the doubt and say the average monthly pay really is $8,000 like they say it is, which equals $5.5 billion per month.
It would, of course, be ridiculous… but let’s go with it.
Keep in mind that Social DM must make money too.
Therefore, if they paid their members $5.5 billion per month, their total revenue (presumably from advertisers and sponsors) would likely be in the $7 – $10 billion range.
Again, that’s per month!
It works out to $84 – $120 billion per year.
For comparison, Facebook’s ad revenue was about $115 billion last year. I know for a fact that SocialDM is NOT as big as Facebook?
Even if we cut that $7 – $10 billion back to “per year” (instead of per month), to put that in context… it’s still 2X more than TikTok made in 2021 (TikTok’s ad revenue in 2021 was $4 billion).
Is SocialDM bigger than TikTok?
No. Not even close.
In fact, they want you to promote SocialDM on TikTok, not the other way around.
It all seems absurd, and the numbers don’t add up.
Red Flag #3 – Where Are the Followers?
As mentioned above, SocialDM is relatively obscure compared to TikTok, Facebook, and every other major social media platform.
Of course, those are some of the biggest companies in the world, so it’s unfair to make that comparison.
At the very least, though, the “#1 Social Earning Network” should have a solid social media following on those platforms. But that’s not what we found.
It’s actually hard to find them on social media.
The only official Twitter page I could find is their support page, which has 20 followers.
Twenty followers seems like a small number for a site that claims 690K active users.
Their Instagram page has more, but still only 260 followers (not 260K, just 260)…
On Facebook, I couldn’t find an official page or group, only member pages, and groups that set them up to promote their referral link.
I’m not sure about the FB group shown in this screenshot (below), but whether it’s a fan group or an official group, it still only has 677 members. A far cry from 690K.
Having a big social media following isn’t a requirement, of course. It’s not smoking-gun evidence that SocialDM is a scam, but it is strange given the industry that they are in the social media/influencer business.
Red Flag #4 – Fake Testimonials and Payment Proof
SocialDM provides testimonials and payment proof screenshots so that you know it’s real. But what if those testimonials and payment proofs are not real?
Below (on the left) is what appears to be a legitimate SocialDM payment for $660.42. However, have a look at the person in the picture…
Again, it seems legit. But with a little research, you can find this person on other websites, as shown in the following screenshot…
Maybe there’s an explanation.
Maybe the person is genuine and uses the same “modeling picture” found on other websites for her FB profile. Probably not, but who knows?
I’m not sure it would be legal unless she also owns the agency that sells her stock photo. But again, let’s give SocialDM the benefit of the doubt.
It would be a unique situation, not likely to repeat itself.
But it does.
Here’s the next SocialDM payment proof…
Again, have a look at the person in the photo. Like the previous example, we can find them on various other websites…
And just to hammer the point home, here are some more…
So, the obvious question is, why would they use fake testimonials and payment proofs?
It doesn’t inspire confidence if they have to fake their credibility (even though they should have (potentially) 690,000 legitimate examples).
Red Flag #5 – It’s a New Website
We’ve established that SocialDM has hundreds of thousands of active users (allegedly) and has paid out somewhere between $35 million and $5.5 billion.
If that’s not impressive enough, consider that their website, socialdm.co, was only registered in December of 2021. That’s roughly six months ago (at the time of this review).
Is it really possible to sign up 690,000 members and pay out tens of millions or billions of dollars to them in only six months?
Let’s think about the logistics of doing that.
Before SocialDM can pay out billions, they must earn billions. And according to the math (from earlier), they would have to make roughly 2X the monthly revenue that TikTok did in the entirety of 2021.
Did they really achieve that in just six months?
And no major media has picked up on this?
I don’t mean to sound sarcastic; it’s just that the absurdity of the claims makes it sound that way.
How absurd are these claims?
By comparison, they’ve crushed the growth and accomplishments of every big tech giant in Silicon Valley.
And they did it while flying under the radar, going from zero to billions in only six months, and not one major investor or venture capitalist breaking down their door.
They are so under the radar that they need you and me to promote them.
It’s either that or they are a scam. Those are the two options, and I’m going with they’re a scam.
It’s far better to join legitimate survey sites like surveyjunkie.com and inboxdollars.com. They don’t offer you $500 per day like SocialDM claims to pay, but you can trust them to actually pay you.
The reason their payouts are smaller is because they are REAL.
They’ve both been around a long time and are well-established. They can also be a first step on your way to something bigger an online business.
You may be at home because of difficulties with your health or children to look after.
If that’s the case and a full-time income online is what you want, knowing how and where to get started is what you need in order to get what you want.
How Does SocialDM Work?
Before I get into how SocialDM actually works, let’s go over how it’s “supposed” to work…
1. Join for free
Sign up for SocialDM for free and get a $40 bonus.
However, don’t expect to withdraw your $40 immediately after registering. Before you can withdraw your funds, you must meet specific requirements.
The requirements to cash out with SocialDM are:
- Get 20 Clicks
- Get 10 Invites
- Do 6 Offers
- Earn $130 Invite Bonus
Requirements like these are not unusual for legit reward and survey sites. When you complete all of these tasks and they don’t pay you, though, it becomes more sinister.
And SocialDM is not going to pay you. But more on that in a moment…
2. Share Your Referral Link on Social Media and YouTube
The objective of SocialDM is to get you to promote their site and get more people to join.
You are supposed to receive $15 for every person who joins through your link. If the person clicks on your referral link, regardless of whether they join, your account is credited $2.
Like its sister scams, SocialDM offers other ways to earn money.
Their “Offer Center” in the left-hand menu of your dashboard has many tasks that allegedly pay $120; most involve surveys.
In addition to surveys and inviting new members, you can apparently get paid JUST FOR SHARING on social media or YouTube.
In other words, your social media posts don’t even have to produce results successfully. Even if no one joins, they still pay you.
And, these social media posts pay significant sums of money.
- YouTube – $50
- Instagram – $40
- Facebook – $45
- TikTok – $80
- SnapChat – $90
Once you’ve done everything you can to attract new referrals on YouTube and Social Media, you can move onto their Offer Center and earn hundreds of dollars by signing up for free trials, subscriptions, etc. Depending on when you join, some offers may involve paid-to-click tasks.
Similar rewards sites like Flash Rewards offer things like $750 Shein or Amazon Gift Cards, as does SocialDM… but I wouldn’t get my hopes up.
As I said (and I’ll show you examples below), SocialDM will not pay you.
As mentioned, sharing on social media and uploading testimonial videos pay anywhere from $40 – $90 per post, but here’s the catch…
The people posting testimonial videos on YouTube have not been paid. Like you, they are uploading those videos as new members. And while it’s true that their SocialDM account will show earnings, none of that money has ever hit their bank accounts.
It’s just numbers on a screen, which brings us to step three.
3. Cash Out
Once you’ve completed the requirements to cash out, it should be simple. Just request a withdrawal.
If it were only that easy…
If they don’t ignore you entirely, you will suspend your account, accuse you of fraud, or claim that you haven’t performed enough tasks to cash out.
Of course, none of it is true, but they’ll just ignore your repeated requests.
SocialDM will not pay you.
Even if they wanted to pay you, they can’t because they don’t have that kind of money. They don’t have the billions of dollars they’d need to pay these incredible sums.
It’s Supposed to Work Like This…
Companies pay SocialDM to drive traffic to their offers, and in return, you get a slice of the pie in the form of payments.
Referring more people to SocialDM exposes more people to their advertisers, and everyone makes more money.
But when you sign up (if you haven’t already), you’ll notice there are not many advertisers. In fact, I didn’t see any until I went into their offer center.
That means their advertisers take a backseat to the most important task: getting more people to join.
You can invite people for months, thinking you’re earning money, without ever going into the Offer Center except to meet a few minimum requirements.
So how does SocialDM make money if it’s just a revolving door of new people signing up for free?
Let’s pause here for a moment to consider something.
SocialDM will pay you $50 for posting a video on YouTube. Why would they do that?
Unfortunately, SocialDM Can’t Afford To Pay You
Let’s pause to consider something…
SocialDM pays $50 for a YouTube video. Is your video really worth $50?
How many YouTube videos do they need?
Remember, they say they have 690K active users.
Think about how you search for information on YouTube. When you search specifically, once you find it, how far down do you continue to scroll?
How many videos do you watch about it?
I don’t know about you, but if I find what I’m looking for within the first few search results, I don’t need to look further.
Do you need endless videos that say the same thing with the same title and description? It might be worthwhile to watch a couple more videos on the topic just to verify what the first one said.
But 690K members thinking it’s an easy $50 to upload a testimonial video would equal 690K testimonial videos on YT.
That doesn’t make sense.
Who needs 690,000 SocialDM videos on YouTube, all saying pretty much the same thing?
Some people might watch the first 10. A few might go as far as to watch the top 20.
That leaves 689,980 videos, most getting ZERO views.
Let’s consider the math…
If SocialDM only paid for 20 videos at $50 each, it would cost them $1000.
That’s a good deal for 20 testimonials.
But if they pay all 690K members $50 each for a video, the total cost would be $34.5 million.
That’s a horrible business decision.
More than ninety percent of the benefit of having testimonials on YouTube comes from the first 20 videos. And they could do that with just $1000.
Why would they spend another $34,499,000 on hundreds of thousands of videos no one will ever watch?
They can’t, because those videos don’t generate revenue. Most will never be seen by anyone other than a friend or family member.
And the same goes for every social media post. The math will vary, but you have to ask…
…. if SocialDM already has 690,000 posts on Snapchat, do they need another?
Is one more really worth $90 to them?
Are they going to make $90 from post number 690,001.
There’s nothing they’ll get from that post that the first 690,000 didn’t already give them.
All these “dollars” are being conjured from thin because no one is producing anything here.
SocialDM will earn small affiliate commissions when they send you to various companies to complete offers, but nowhere near what they claim to pay out to their members.
They can’t afford to pay you.
If a bigger income is what you want, an online business is a better way to get it.
You may be at home looking after young ones or have medical difficulties keeping you home from work.
If that’s the case and a full-time income from home is what you want, knowing how and where to get started is what you need in order to get what you want.
How it Really Works
In addition to earning affiliate commissions, SocialDM and its sister scams can harvest your data. Your email and other personal information are captured and potentially sold for purposes ranging from spam to identity theft.
In addition, if you use the same email and password for SocialDM as for other accounts, such as Amazon, they now have your credentials.
If your passwords are the same as the ones you used when you signed up for SocialDM, I recommend you change them as soon as possible, along with any other login information.
Two other scams are associated with this network: Notion Cash and Kids Earn Money have been reported by the Better Business Bureau to collect personal information and not pay for your work.
According to the report…
Consumers sign up for what they think is an online marketing agency, where they will earn money by completing “tasks.” The money appears to tally in the account for each completed task, but when consumers try to apply for payment, often when they reach a $250 threshold or some other set amount, they allege that they are unable to retrieve the promised payment or contact the company for assistance.
Clearly, this is a risk you can do without.
SocialDM Reviews and Complaints
The claim that they will not pay you is bold, but it is not speculative. The following reviews and complaints are from real people who tried earning an income from SocialDM but were not paid.
There are countless reviews and comments on Facebook from members who have gone through the same thing…
Here’s an example…
Some excerpts from various reviews on Trust Pilot further confirm that SocialDM will not pay you…
- Been waiting on my money since May 30th (comment from July 1st)Fake payouts.
- Racked up over $4,000.00 dollars, today was my payout and nothing came to me.
- Never received my payment or my game. It’s well over 30 days since I was approved.
- I completed everything and got approved for payment and I still haven’t gotten paid yet.
There are dozens of similar comments, all complaining about not getting paid. That’s what SocialDM does, just like all the other scams in this network have done.
SocialDM is not a trustworthy site.
What I Like About SocialDM
It would have been nice if SocialDM were legit, but it’s not. If it were, we could clink our glasses in celebration as the money rolls in.
Unfortunately, it’s not legit, and they don’t pay their users.
So, what do I like about SocialDM?
Absolutely nothing at all.
What I Don’t Like
- It’s a scam.
- Fake payment proof and testimonials
- High risk of identity theft and account hacking.
- They promise you hope, a solution to your financial challenges. But they crush those hopes by not paying you.
Where Do You Go from Here?
I know you want to make money online, and I wish you could make $500 a day with no qualifications or experience. I wish I could make $500 a day without qualifications or experience too.
Unfortunately, that’s not how making money online (or offline, for that matter) works.
As they say, if it were easy, everyone would do it.
You might have a stack of bills to pay or debt weighing you down, and on the surface, SocialDM looks like a solution. But it’s not. It’s a scam.
You might be a student in school or a single parent at home. You may have health challenges that make regular work difficult, or maybe you just hate your job and you’re desperate for a way out.
If that’s the case, an online business is what you want.
With all the scams and schemes out there though, knowing how and where to get started the right way is what you need in order to get what you want.
Sites such as Survey Junkie will pay you for your opinion and Inbox Dollars offers rewards for doing things like watching videos, visiting websites and searching the web (as well as completing surveys).
I hope my SocialDM review has been helpful. If you have any comments, questions, or experience with SocialDM, please share in the comments section below.