Are you looking for an easy way to earn cash back or even double cash back on your purchases? Today you will learn how Rakuten can save you money online and at your favorite brick and mortar stores. Join me for the first post in our Passive Income Ideas for Moms Series.
Have you heard of Rakuten before? Rakuten (formerly Ebates) is a site that gives you cashback on on qualifying purchases. Simply use this referral link to receive your first $10 to shop with and to get began earning your own cash back rewards.
How Do I Get Started With Rakuten?
Begin by adding the Rakuten extension to your computer and also downloading the Rakuten app to your phone. These two quick installations will make it so much easier to remember to use this tool when doing your shopping.
Be sure to completely fill out your Rakuten profile and either supply your shipping address for checks or PayPal account information to have your earnings directly deposited in your account.
Once you have your Rakuten account set-up, take a few minutes to browse the site and begin adding shops to your personal favorites list. Keep in mind, Rakuten has over 2,500 shops (!!!) so it might take a little bit to add all of your favorites to your own personal list.
If in doubt, your cash back button can let you know if they offer a reward or not.
Your list may look similar to mine (see above) so here are some examples of the shops I have added to my Favorite Shops list!
The Vitamin Shoppe
Dollar Shave Club
How Does It Work?
The purpose of these passive income monthly challenges is meant to encourage you to EARN money and not SPEND it. I encourage you to use this as a tool only for purchases you were already planning to make this month.
If you are online shopping, click the store you want to shop and make sure that you have your cash back button activated. Alternatively, you can shop directly by visiting the Rakuten page itself.
Click, “Activate Rewards,” and then be sure to note any coupon codes that they also provide within the pop-up.
That’s right. You CAN layer coupon codes with your cash back rewards!
How cool is that?
Once the store has let Rakuten know that you have completed your purchase, they add and notify you of the new rewards in your account. Please note, this does sometimes take up to a few days to show up in your account. Don’t worry!
Every three months, they will send you the Cash Back you’ve earned via a Big Fat Check or the PayPal account you supplied. If you have been dependent on points for rewards before, you are going to love this strategy for making real money instead!
How Do I Take Advantage of Rakuten Cashback Rewards at Brick & Mortar Stores?
Do you prefer shopping the old-fashioned way? You can still take advantage of the Rakuten Cashback rewards at your favorite brick and mortar stores. Since you downloaded the app already, you are halfway there to that bonus money in your pocket.
Click on the In-Store Cashback Offers link and and on the store offer you would like to take advantage of. You will then link the offer to the card you plan to use when you do your shopping.
Once the card is saved, this will allow Rakuten to track the finalization of the purchase and add your cashback rewards to your account.
How Can I Make Extra Money for My Family With Rakuten?
I want to make the most rakuten cash that I can this month so here are some things I’m planning to do to increase my balance.
Book Our Vacations & Travel Through the Rakuten App– I am attending a conference next month and never realized that they offered cash back rewards on things like car rentals, flights, hotels, and even Groupon deals. I have to book my flight anyway so I might as well make 5-6% back on my my travel expenses.
Watch the Double Cash Back Stores Listing For Gifts- As we ramp up for the next round of holiday shopping, I am going to make their list of double cash back rewards a priority to shop through. If I double my earnings, that will allow me to collect my cash back quicker.
I typically purchase floral arrangements for family holidays and now I know that one of their cash back shops offers a whopping 17% back on your purchase. It will also be a good place to check if I do any subscription box services as gifts this year. Birch Box, for example, makes 7.5% back!
Purchase School Supplies & Uniforms Through Rakuten- School uniforms can be a big expense each year so it is a no-brainer that this app is the way to go to get a little of our cash back on our purchases. While I did get my kids their summer shirts, I will still need to load up on their warmer uniform apparel and winter coats.
Make Some Household Expenses Through Rakuten- There are lots of things we have to buy for our household that could be earning us some cash back rewards. Some of our regular purchases include air filters, light bulbs, toiletry items, pet supplies, ink cartridges for our printer, contacts, glasses, vitamins, and supplements. All of these can now be seen as avenues for cash back into our wallets!
If I’m printing any photos or doing holiday cards this year, I do plan to check here first before making any decisions.
We also happen to be making improvements to our home’s exterior so I will be visiting their list of shops (like Lowes & Overstock) for discounts on my new shutters and outdoor lights.
The Lucrative Refer a Friend Program- Did you know that for every referral you send to Rakuten you make $25? Each of your friends will receive $10 and you will receive the $25 just for sharing about this smart shopping app.
Obviously, being a blogger does have referral advantages, but I bet you have people in your life who don’t know how much they could be earning too. Share your referral link with them via email or through your Facebook wall.
Are you part of any Facebook groups that offer space for referral sharing? Several of the Facebook groups I am part of, for example, have a designated share thread where you can refer people to things you are loving weekly.
Keep in mind, Rakuten does offer a credit card with additional rewards, if you are looking for more money back too. The potential for stacking all of this is pretty incredible.
For the month of October, I am going to be purposeful with using the Rakuten app to see how much we can earn.
Would you like to take the challenge too?
I would love to have you!
In November, I will report back what I learned through this experience and how much passive income I earned.
I’d love to hear what your experience has been with Rakuten! Have you earned money from this passive income avenue before? Do you have any tips for shopping to share with our readers? I’d love to hear them!
this post contains affiliate links