Update 2/12/13: Unfortunately, Beezag is closed for now.
Beezag is one of my favorite new profitable time wasting activities! I already posted about YouData, which is a site that lets you earn small change for looking at webpages. Well, Beezag is pretty much in the same category, but they go about things differently. Here is how it works:
Anyone can sign up. Account creation is pretty much a piece of cake. You can either create an account manually by typing in your relevant info or allow Beezag to hook up to you via your Facebook account. I understand that not everyone is comfortable with doing this even though this is the quickest way to create an account. That's why I'm glad that Beezag gives you other options. Not all sites do unfortunately.
Start Watching Commercials
Once you're signed up, you can start watching commercials. Before you can choose which commercials you want to view, you'll have to answer a little 3-question survey. This only takes a second to do and may help Beezag better match you to future commercials. Once those are answered, you'll go to a screen with different videos you can choose from along the bottom. For each video you watch, you'll get Beezag points and in many cases a sweepstakes entry. Right now most of what I'm seeing gives me 20 points plus a sweepstakes entry. I can watch all the videos that are available to me for the day and then forget it until the next day, when there will be more videos to view. Most of the videos are no more than 30 seconds long and some of them are even shorter than that. While you're watching the videos, you will see numbers go up the side of the screen. Take note of these numbers when you see them because you'll be asked to put them in when the video is over. You cannot get your points unless you get the numbers right. If you don't remember the numbers, just rewatch the video to get them again. Sometimes at the end of the video you'll be given a link to a coupon or special offer sponsored by the company you saw in the ad. This is a nice little extra.
Spend Your Points
You can redeem your points for lots of different things on Beezag. If you're pretty faithful about logging in every day and watching your videos, your points will add up fairly quickly. According to Beezag, 8,000 points is worth about $8. You can't redeem for anything until you have at least 8,000 points. You can spend your points on cash, charity, or music downloads.
Refer your friends to watch ads online through Beezag and earn even more points. You'll get 10 percent of the points they earn for viewing videos. This doesn't take away from what they earn, it's just a bonus given to you. Beezag gives you the option of inviting through Facebook, email, or through your Twitter account. They also give you your own personalized referral link to share anywhere you see fit.
What I Think So Far
I have not used the site enough yet to cash out, but I'm hearing a lot of good feedback from others. Commercials are something that we normally don't get a lot of choice with. They're on TV, the radio, and plastered on signs everywhere we look whether we like it or not. Beezag is actually rewarding us for taking a few minutes to view an ad, which is nice. I would personally be a lot more inclined to view ads and maybe not avoid commercials (fast forwarding through them on the DVR) if I were compensated for watching them.