Making money is an important part of life. We all need cash in our pockets to survive and to enjoy ourselves. Having a passive income stream helps people to keep the money flowing. HoneyGain is an online opportunity that provides people with a passive income. In this article, you’ll discover what HoneyGain is, how it can benefit a person, and if it is a scam.
What is Honeygain?
Honeygain or HoneyGain is an app that allows outside parties to use your internet connection for online searches. The parties that use your internet connection are companies that sponsor this type of app. In this case, Honeygain allows lets various businesses use their network to gather data and research for market purposes. Normally, Honeygain (and other companies like them) use multiple devices and IP Addresses for this purpose.
The multiple IP Addresses and devices are from different clients that allow Honeygain to use their internet for money. So, when businesses use Honeygain’s network of IP and devices they can pull in data from different sources. Keep in mind that many people don’t use all their internet once they have a network set up in their home.
Most people will set up an internet connection in their home. However, they are not actively using it all the time. People must work, they go to school, and many people have other responsibilities and interests besides staying on the internet. The average household doesn’t use all the bandwidth that it has available to them.
People that use their computing devices for searching the web or watching videos usually leave a percentage on the table. In other words, they typically don’t use their internet connection to the max when they are online. The unused portion of their internet connection that benefits Honeygain and the individual internet connection.
An Explanation about How HoneyGain Works
HoneyGain works by you download the app from Google Play or Apple Stores. Once you download the app and it’s installed onto your device, you can then start to make money from this program. First, you have to sign-up to get started. Keep in mind that there are different ways to download and install the app for different types of devices. The HoneyGain site can walk you through the set-up process for each device type.
Once your HoneyGain account is set up you can then check out your dashboard. Your dashboard will reveal how much you’re making and where your internet is being utilized. Businesses can use your internet connection through HoneyGain to see Brand Protection, make price comparisons, ad verification, content delivery, app testing, and SEO + WEB stats. Honeygain keeps track of information that can be made publicly available online.
So, when you search for things such as shopping sites in your area, informational searches about products and services, and businesses you visit; Honeygain will keep tabs on those queries. The system won’t (or at least it shouldn’t) track things such as a person’s personal private searches for explicit sites, political views, religious queries, or their personal banking or identity information. We’ll talk about this a little bit later in the article.
Ultimately, you should know that HoneyGain focuses primarily on businesses, products, and services-related information. The purpose of this program is to figure out how people are shopping, what products/services they’re using, and how much they are paying for each service/product they decide to buy.
What devices can use the Honeygain program?
Honeygain can be used on Android devices. It also works on Mac and Windows-based computers. However, it is not compatible with Apple devices. Most computer OS systems are compatible with this program.
How much money does Honeygain payout to members?
After you sign up and get your account set up, it will then start making you money. You can take a look at your dashboard to figure out how much money you’re making. Keep in mind that Honeygain pays 1 credit for 10 MB of traffic that is used through your network. So, 10 GB= $1. So, each credit is worth a penny. Remember 1000 MB = 1 GB. So, 1000 MB x $.01 = $1.00. This process is called Default Network Sharing and it is how Honeygain calculates how much money its members make.
You can also make money on Honeygain through the process of Content Delivery. This feature allows you to earn credits that are based on the amount of time that you leave your app connected online. Even if you’re not using the internet, the app will still allow you to continue to earn money. This feature allows you to generate about an extra $7.20 a month.
Don’t forget that you cannot rely on Honeygain to make the same amount of money for each month. Here is the reason why. The demand for Honeygain services might be low during some months because fewer companies need the information provided by this company. Simply put, some companies don’t always need to figure out how people are searching for goods online and they don’t need to figure out what people are willing to pay for services.
So, the demand for monitoring consumer search queries will be low during the year and higher at other times. Also, many different people sign up for Honeygain. This will also impact payouts. For example, if 100 people sign up in your area, then Honeygain will use all 100 people in your area to provide data to companies.
On the other hand, if only 5 people within an area sign up for this service, they will focus on renting out more of your internet. In the first example, with 100 people, you will end up getting less money because there are more people providing this service with you. In the second example, you will make more money because there are fewer people providing this service to Honeygain in your area.
The higher payout is possible because Honeygain will use more of your network to get the results that their clients need. Keep in mind that the income you generate will probably vary each month. Users can receive their payments through PayPal and they can also receive payments through Bitcoin which will be explained later in the article.
Important Information Regional Restrictions and why Businesses Need Services such as Honeygain
Most people can type in a search query about a product and service, and it will pull up a result. The result that is displayed is usually classified according to a person’s geographical location. For example, if a person lives in Los Angeles and they are looking for the cost of a pair of tennis shoes, their search results will display tennis shoe prices located in and around the Los Angeles area.
Google uses this type of location-based service for their search results. Internet surfers will typically get search results that are adjusted for the location settings on their devices. Taking this approach to using the internet is sensible. If a search engine didn’t use this method, web surfers would get search results from different parts of the country and the world.
For example, if a person in Los Angeles typed in the cost of tennis shoes in a search box; they would get results for this query from Los Angeles, Seattle, Atlanta, New York, Cleveland, Pittsburgh, Tampa Bay, and Miami. They could also get results for this search query from international locations such as Toronto, Mexico City, London, Madrid, and/or Paris. The point is that the whole entire internet from different parts of the U.S. and other parts of the world would be listed for this inquiry. This is why geographical location services are very important for web searches.
Businesses understand this fact. An auto dealership that selling cars in Seattle, Washington might want to expand into Northern California. Before they make this move, they decide to evaluate the market areas in Northern California to see if this would make good business sense. So, they would have to use an employee to take the time to make an exhaustive search of the different areas within Northern California.
For some companies, this would make sense. However, for medium-sized to smaller operations, this would be too time-consuming. If a person doesn’t have a dedicated IT team or a team of marketers; this would be a fairly hard task to accomplish. It could be done, but a lot of effort and time would have to be put into this project. Also, this project might cost too much money to complete.
Honeygain simply acts as a middle-man for this type of problem. Their services make it easy for companies to find out information about a particular area or region they are interested in. Honeygain’s service allows companies to quickly find out the information they need to move forward.
In our example involving the car dealership, they decide that it would be too risky to move into the Northern California area. The online data information obtained from Honeygain help them to discover that the Northern California area is very competitive when it comes to car sales. They wouldn’t be able to sustain themselves in this market unless they had a lot of money and resources to establish their presence for at least a year.
This is why services such as Honeygain are so important to businesses. People who rent their internet through Honeygain will help businesses to get some detailed information about their particular area and location. This way, businesses can effectively use the information to figure out the best course of action to take for their organization.
Businesses also use Honeygain to check their online ads. Many businesses place ads out on various sites and they want to make sure that their ads are being shown where they paid to have them seen. Sometimes members can help to verify this information through their search queries. Businesses that sign up for Honeygain service also use it as a part of their marketing plan. The information they gather from member searches can help them to create more effective advertisement campaigns. This data can provide them with information about prices for products and services within various areas. Businesses can benefit in many different ways from using Honeygain.
The Honeygain Referral Program
Honeygain has a referral program. Since this is an online opportunity, it would only make sense that it would have this “MLM” aspect. Most online opportunities do. Members typically get a $5 bonus when they first sign up. Now, if you have the ability to get people to join up to the network you can earn 10% of whatever it is that they earn. So, not only will you get money from renting your internet; you’ll also get a portion of other user’s money after they sign up. This seems like a good deal.
Honeygain and Bitcoin? What’s up with that?
Back in November 2020 Honeygain began to pay its members with Bitcoin. This payment option was introduced around the Bitcoin trend that began late in 2020 and is now taking place in 2021. This trend is expected to continue well into the future. Honeygain users can opt for Bitcoin payments over cash. The bitcoin is deposited into an online wallet which can be used for investment or to purchase products or services. This is part of the new way that people are doing business in the modern age.
Also, Honeygain’s Bitcoin payouts provide their members with more incentives for staying with their service. The Bitcoin market is growing and Honeygain wants to grow with it. They also want their members to benefit from Bitcoin as well. This is a useful way to keep their members satisfied and their business moving along.
Does this company exploit your information and identity?
Honeygain claims that it doesn’t exploit its member’s information. Their website states that they don’t compromise user’s information. They also point out that the companies who use their internet don’t have access to personal information from member's internet usage. Honeygain controls the amount of the internet being used and how it’s being used.
Truthfully, Honeygain has to protect user’s information and personal identity. If not, they could get into serious legal trouble. Honeygain typically does what it’s supposed to do in terms of security. However, anyone who signs up with this site should make it a point to layer up their protection to ensure they remain safe. The company doesn’t allow their business clients to have permissions on your smartphone or computer to exploit your pics, contacts, or other sensitive information. Your device’s storage is safe with Honeygain.
One more thing about Honeygain, the company vets its clients. This action helps to protect Honeygain and its members. Honeygain realizes that some businesses could potentially disrupt their business by exploiting or misusing the information they gain from members. If this type of thing did happen, Honeygain would be in legal trouble and their business could potentially come to an end. So, Honeygain goes out of its way to ensure that its clients are credible and that their members are given the utmost protection. You should be aware that Honeygain’s program doesn’t slow down your internet or cause it to stall when it’s being used by their clients.
What are people saying about HoneyGain?
Many HoneyGain members claim that this site is legit. They say this company is not a scam and that it works. They don’t claim to make a lot of money, but they do like the residual income that it generates. HoneyGain users also like the referral program. If they are able to get people to sign up, it helps to boost their income.
One of the best things that users say about HoneyGain is that it doesn’t interfere with their normal internet usage. They like the fact that they can search the web while allowing HoneyGain to use their site to make money. The reviews come from people all over the United States and from different parts of the globe.
Some Honeygain users claim that this site is far from perfect. This is to be expected because no online opportunity or business is 100% perfect. A few of the complaints from disappointed members include not getting paid, not being able to fully utilize their internet connection (we’ll talk more about this in a moment), and a few people said that their personal information was compromised. Honeygain is not accredited by the Better Business Bureau. However, the organization gives them a B+ rating.
There is the direct address that you can contact Honeygain if you need to resolve an issue or deal with a business matter. Their address is 1446 Dartmouth Avenue in Parkville, MD 21234. The company’s internet address is https://www.honeygain.com
and their phone number is (410) 236-3063. This address will allow users to contact the company if they need to get in touch with them about any issue or concern.
By the way, it is truly a good thing if a person is able to contact an online company. Most of them don’t have legitimate information and when you find a site that does, it lends to an online site’s credibility. Honeygain offers this type of credibility for its members. By the way, Honeygain debuted in 2019. The idea for this site happened at a Web Summit conference in Lisbon, Portugal back in 2018. There were 5 people responsible for establishing this company.
Some more Information about Honeygain
Honeygain has millions of followers and they are spread out across the globe. This large network of members allows the company to provide marketing and business information for businesses from around the world. This in turn will help them to compete globally. A business could take the information from Honeygain and expand into a different territory or start selling products online into a specific area.
Honeygain also provides its users with an enhanced service called Swarmbytes. Swarmbytes allow members with 10 or more devices to have a better experience with Honeygain. This means that a household with a lot of connected devices can effectively be used by Honeygain to provide a lot of marketing information to companies.
Is HoneyGain a Scam
No, the HoneyGain website is not a scam. This is a legitimate passive income opportunity. People who sign up with HoneyGain will make money. However, they can’t expect to get rich or to quit their day job once they start using this site. Just keep in mind that people make about $20 a month with Honeygain. So, you should approach this site like a passive income opportunity and nothing else. HoneyGain doesn’t exploit people’s information. There haven’t been any reported cases of identity theft or data compromise by members after they signed up with the system. Ultimately, HoneyGain is a company that allows people to rent out their internet and receive extra income while they do it.