Sunday, August 23, 2009

You Cannot Make Money Online In A Few Hours Without PPC, SEO, JV's Or Huge Lists...Or Can You?

I don't want to jump on the band wagon of the get rich quick gurus here. I used the word "money". I didn't use the word "rich". The answer to the question posed above is...yes. But how can you do that? Pull some type of scam or bribery or learn some slick trickery? No it is legit but calm down. It won't make you rich. It will put about $30 to $70 in your pocket in a minimum of two hours. It could take as long as a few days but that depends on how you work the system.

I'm talking about Incentivized Freebie Websites. They are referred to in the industry as IFW's or also just "freebie sites". Once you really learn the ins and outs of working the system you could make anywhere from a few hundred per month up to around 2 or 3 grand per month. Some pros make up to 5 grand per month. After decades of opportunity seeking I try to avoid hype as much as I possibly can. That's why I am covering all spectrums of the freebie rainbow.

What Exactly Are These Freebie Sites?

Most of these sites give away electronics such as iPods and digital products (cameras, game systems, PC's, TVs, etc.) but other things too - designer handbags and clothing accessories for women, golf clubs and accessories for men, gift cards, and best of all, cash.

How Do They Work?

Most sites work like this: You sign up at a freebie site and fill out a "sponsor offer".This is some form of a trial or other offer from a large company such as AOL, Blockbuster, Columbia House, etc. Some offers are free, with others you have to pay a small shipping and handling or other fee. To get the freebie you must refer a number of people to the site who do the same thing. Once you have the required number of referrals you will receive their free gift.

This works because the website running the promotion is paid a commission each time they generate a lead for an advertiser. They might earn $50 each time they refer a new person to AOL even though the user only signed up for a free trial and didn't pay anything at all.

One portal or gateway into the freebie world is a website called Project Payday. It's been around for a few years now. I was introduced to freebie sites back in 2007. The freebie industry has grown and matured somewhat in this short time period but is still in it's infancy and has gone through it's own growing pains. You can feel free to sign up through my referral link here if you would personally like to explore this industry firsthand.

An Overview of IFWs and 3 Ways to Make Money

There are 3 different ways to make money with the Project Payday system. They are all easy to do, and guaranteed to make you money. You can master them all, or just focus on 1 or 2. It's entirely up to you, and how much money you want to make. Before we get into the specifics of the 3 methods for making money with IFWs you will need a quick overview of how these sites work.

Method 1: Get Paid to Complete Offers for Others
Method 2: Get Paid Cash Directly From the IFWs
Method 3: Get Free Products to Keep or Sell on eBay

How Does Method Number 1 Work?

Here's how it works: Visit one of the various "freebie trading" sites to find people who are currently paying for offer completions.Their posts will indicate which sites they are working on, and how much they are willing to pay for your referral. Simply contact them to confirm the deal. Once the deal has been confirmed, follow the referral link they will provide you and then complete a sponsor offer. Receive your payment from them via PayPal. Presto! That's all there is to it!

How Can This Possibly Work, Continue To Work and Be Profitable For The People Paying Out All Of This Money?

This works because of the numbers involved. Let's look at a free Xbox 360 promotion from a popular freebie site at the moment. In the print at the bottom of the page, you may see that it requires you to complete an offer and get 8 referrals. The free premium Xbox 360 has a retail price of $399. Even if the user pays 8 people $25 each they have purchased a brand new Xbox 360 for half price. Everyone wins. This is why people will pay you to complete offers for them. It really does make a lot of sense if you think about it. Ultimately this is all funded by the large advertisers being promoted by these sites. They pay the people running the IFWs each time someone is referred.

The Important Concept of "Greens"

In a nutshell, when a person completes a sponsor offer, that is a "green". The reason it's called this is because almost all IFWs color-code a user's status. When a person first signs up, their status is yellow indicating a "pending" status. They have signed up for the site, but haven't completed the requirements (completing an offer). Once a person completes a sponsor offer and gets credit for doing so, their status will change to green. It's appropriate, because money is made when this happens.

Method 2: Get Paid Cash Directly From the IFWs

Whereas the first method dealt with earning small amounts of money over and over, this method will teach you how to earn larger amounts in the $100 to $1000 range.While there is more work involved, if you keep track of the time you spend using this method you'll find that once again you can easily earn money at the rate of at least $50 per hour of "work" you do. And once again, you can repeat the process over and over.

How Does Method Number 2 Work?

This method is a little more involved than the first method, but it's still very straightforward. It's extremely easy to do, it just takes more work since you're earning more money. Decide which IFW offer you want to work on, based on the offers that are currently available, the amount you want to make, and the "payout per green" amounts. The offers and payouts change, so check out the top sites every now and then so you know which ones have the best offers at any given time.

Signup and complete one sponsor offer to qualify. Refer others using your unique referral link. Once you receive the required number of greens collect your money, then do it again! This method involves more effort, but the rewards justify the extra work and once you get the hang of it it's actually pretty easy.

Many people actually prefer this method because once you really streamline your efforts you can actually make more per hour of "work". There is nothing stopping you from doing this as many times as you want. If you repeated this process just once a week and made an average of $350 each time, that's a cool $1,400 per month. For most people that will have a serious positive effect on their finances!

Why This Method Works - And Has To Work Every Single Time

Well there's not a whole lot to say here - this method works because we are simply taking advantage of the IFWs and their big, deep-pocket advertisers, by approaching their offers with a systematic and methodical gameplan. It's not rocket science. Their business models are dependent on "average Joes". And suffice it to say that they make A LOT of money, otherwise IFWs wouldn't be multiplying and growing like crazy. They know their numbers, and they know that overall they will turn a profit no matter what. Unlike 99.9% of consumers who participate in their promotions, we are simply taking it to another level and earning consistent money from their offers by doing something that your average web surfer just can't do.

Method 3: Get Free Products to Keep or Sell on eBay

This third method is identical to the previous method except that instead of a cash "gift" you will be receiving a free product of your choosing - either to keep or sell for cash.

Why choose to receive a free product when you could simply choose cash instead? There are actually a few situations that can make this option more attractive and profitable. Sometimes the "payout per green" is even more favorable when you choose a free product over cash. For example, a Sony Vaio laptop with a retail price of $1800 might only require 15 greens which works out to a whopping $120 per green. If you needed a new laptop anyway, you'd be much better off taking advantage of that offer versus doing a cash gift offer that might pay only $1200 for 15 greens.The other reason you might use this method is simply to increase your opportunities to make more money. Some IFWs do not always offer cash gift options.

Selling on Ebay

Selling brand new, name brand, and in demand electronics on Ebay is extremely easy. Electronics like digital cameras, gaming consoles, laptops, desktop PCs, iPods, flatscreen TVs, etc. are some of the easiest things to sell on Ebay. Always mention in your ads that you received the product you're selling for free! Many people will be extremely interested to know how you got it for free, and the end result is that you can refer them to IFWs and get even more greens.

Definitely setup your "About Me" page as an Ebay seller so people can learn more about you, and more importantly, learn more about how you are getting these products for free. Tell them about IFWs and include your referral links.

Well that's about it peeps. Check out Project Payday and give it a go and see if this thing might be workable for you. It's Kev The Cash Flow DJ and I'm out. Peace!

No comments: