Okay, so I’m still in the middle of my online survey experiment but I wanted to introduce you to my next trial technique for earning alternative income. This experiment will be to determine the validity and earning potential of Freebie Trading.
What is freebie trading? Freebie trading is an interesting model for making money online. It comes across as a bit scammy (I know, not a word) but I’ve been studying the model and I think it’s sound. You may have run into these sites that promise you free stuff (often a laptop or an iPod). If you’re a sceptic like me, you just ignore these sites. However, one day I clicked on one to see what It was all about. I was not surprised (though turned off none the less) to find out that in order to claim your free gift, you had to sign up for some useless trial offer and then refer 10 friends to do the same. Of-course I don’t want to annoy a bunch of friends so I ignored these sites from then on. Until I happened upon Freebie trading. Freebie trading is basically a method to utilize these sites in a way that is beneficial to all parties (ie. cut out the “annoy your friends” bit).
Some background: We all know that many businesses advertise on the internet. The most common type of advertisements are the ads we see pasted all over the internet like on the top or right side of a google search results page. However, there are many other forms of advertising on the internet. One method is for a company to recruit affiliates. These affiliates are typically paid a commission for getting a consumer to take a particular action. Usually the desired action is to purchase something, but it could also be to sign up for a news letter, apply for a credit card or sign up for a service trial. These actions are referred to as “offers”. Eventually affiliates started paying consumers part of their commission as incentive to complete offers. In order for the affiliates to earn more money they needed to attract more consumers to complete more offers. The next logical progression was to pay consumers to refer other consumers to complete offers. These concepts establish the basis on which freebie trading is built.
Today, some affiliates maintain what are called freebie sites. The freebie site will sign up as affiliates for several companies in order to have a large number of offers to provide to consumers on the site. The traditional, and more common method for making money as an affiliate would be to promote these offers to consumers. However, freebie sites operate a little differently. Instead of trying to sell the consumer on a particular offer, they sell the consumer on the idea of earning part of the commission in exchange for completing one or more offers and referring others to do the same. Usually, once an offer is completed, you can continue to refer as many people as you want in exchange for part of the commission earned on each referral. As I mentioned earlier, this isn’t a very compelling offer considering the requirement of recruiting referrals. That is, unless you understand the the role of freebie traders.
Stay tuned for part II next week when I’ll explain the role of the freebie trader and the two methods they use to earn money and prizes from the freebie sites.
[...] booster zone basically offers revenue sharing for affiliate products. If you’ve read my post on Freebie Trading you’ll notice the similarities. Moola.com presents offers and products to members and they’ll [...]