I'm going to try and explain this in simple terms. It really is very simple. I'm also going to give you a step by step method of how I make this work for me.
Here it goes...
Surfing the net have you ever seen an advertisement along the lines of "Click here and get your free IPOD?" Well, that isn't a scam.
Sites that offer free items are called "Incentivized Freebie Websites" or IFW's.
You might be curious as to HOW the IFW's are able to give away free PRIZES and free MONEY. It's a very simple process. There are many different products advertised on the IFW's. Advertisers pay the IFW's.
Here's how it works...
- ERIN signs up on IFW A and registers for a free gift of $40 in paypal cash.
- In order to receive that $40 in paypal cash, ERIN must refer 1 person (PAUL) to IFW A.
- PAUL must complete a specified number of advertised offers to complete their referral requirements.
- Some examples of the offers are (book clubs, car clubs, credit reports, Blockbuster, Netflix, and various other trials).
- Some offers are free, some are not. There are A LOT of good deals out there though.
- Once a PAUL completes his requirement, his status on the IFW site will change to 'complete' or GREEN (as it's known in the freebie world).
- PAUL completed the required number of offers and he is GREEN.
- ERIN cashes out and receives $40 in paypal cash.
There are two ways to make money in this business; Method One and Method Two.
Method One
BECOME A PAID REFERRAL
(Method one is more difficult and less fruitful than method two but you can't get to method two without it!)
People in the freebie biz will pay you to be a referral for them. Most often the pay is 50% of what they earn. I've seen it as high as 80% but not lower than 50%
You will need a verified paypal account. You will be paid via paypal.
- Register for a referral swapping site. There are a few but, the one I'm using and therefore the one I'm most comfortable recommending is Free Lunch Room (FLR).
- Once a member of the FLR forum read as many of the posts in the TUTORIALS section until you are comfortable.
- Find the section entitled "Paying for referrals".
- Read the messages in that section.
- Check out the traders.
- Find someone you are comfortable with.
- Send that person a message letting them know you want to trade with them.
- He/She will set up the trade and give you step by step instructions for the IFW he/she needs you to work on.
- Complete the requirements for that IFW and go GREEN.
- Get paid once you are GREEN.
- Once you are GREEN on an IFW you can use that site to pay for your referrals and make more money (method two).
You will need a valid credit card and you will need to enter it to complete most of the offers.
What I did was sign up for a credit card with a low limit. I ONLY use this card to complete offers.
You will need to keep meticulous notes. I set up a spreadsheet just for this purpose. On my spreadsheet I keep track of;
- name of IFW
- name of trader I'm working with
- name of offer I completed (Scholastic, Disney, Netflix, Blockbuster etc)
- date offer completed
- length of offer (7 days, 1 month etc)
- date I must CANCEL by if I do not like the offer
- phone number and/or website to use if I want to CANCEL
- cost of offer
- what I'm being paid
- if the offer has credited on the IFW
- if the offer has been charged on my c/c
- date order canceled (if canceled)
My first week of being a paid referral I made $80 and put NOTHING out of my pocket. I worked on 4 IFW's and was paid $20 for each of them. The offers I completed did not require any money out of pocket.
Some things to remember;
- Do not complete any offer twice. If you complete an offer for a free credit report from Freecreditreport.com on IFW A and complete the same offer on IFW B that will be considered fraud and you will lose your GREEN status. (Hence the reason for keeping meticulous notes and yes, I learned that one the hard way :-))
- When completing offers, you will need to follow specific instructions (not using a proxy like America Online, clearing cookies before completing offers etc) Your trader will guide you through these guidelines.
- If you are trying an offer, DO NOT CANCEL IT TOO SOON or your GREEN will be taken away. You are definitely able to cancel but wait until within a day or two of the cancellation date.
PAYING FOR REFERRALS
(Much easier and much more lucrative!)
- Pick the prizes you would like to work for on the IFW's you GREENED on in method one.
- Create your own "Paying for referral" post on FLR.
- Pay people to complete offers and go GREEN for you.
- Pay your referrals once they are GREEN.
- Once the people you have referred are GREEN, collect your prize!
- Decide you are working for $40 in your paypal account on IFW A.
- You will need 1 referral to GREEN.
- Post a 'Paying for Referrals' thread on FLR.
- Get one referral to GREEN and pay them $20.
- Receive $40 in your paypal account.
- You made $20!!
I realize this business will not be for everyone.
This works for me because I like numbers, I like spreadsheets, I like the internet and I like money!
I just became a Project Payday mentor!!!
My first trade was with a WONDERFUL trader who has been doing this for awhile. She walked me through and was so supportive even after I completed two of the same credit reports as mentioned above and my GREEN turned to RED. She has been my mentor! Thanks KY WOMAN!!
EMAIL ME WITH ANY AND ALL QUESTIONS!!!!
