What is this opportunity about?
The opportunity presented herein is called “freebie trading”. Freebie trading uses hundreds of websites called “Incentivized Freebie Websites” (IFWs). Each IFW will present advertisements from between 50 and 600 different companies (Jargon alert: These advertisements are collectively referred to as “offers” in the industry terminology). The companies that provide the offers pay commissions to the IFW to advertise their products and services. An important concept to grasp is that the IFWs are not allowed to pay people directly for completing the offers, but they ARE allowed to pay people to advertise their site. The types of prizes and cash amounts vary depending on the particular IFW site. The term ‘freebie trading’ refers to the process of two people reaching an agreement in which one person agrees to try some of the offers in return for a share of the second person’s commission.
How does it work?
The IFWs get paid when someone signs up and completes an offer on their site. Let’s use a real-life example. FreeCreditReport.com uses many different IFWs to promote their business. They offer a free 7-day trial of their service through the IFW. If you like the service, after 7 days you get billed each month at the regular price. If you don’t like the service, you can cancel before the trial period has expired, and that ends your obligations to the company forever.
Always remember that all you have to do is to give the products a fair trial, but you do have to do that. If it’s a trial period, keep them for most of it. If it’s a product, use it for the trial period. If its an e-book, download and read it. Website? Register and look around to see what they offer. One of the ways that many offers determine whether you’re a valid customer is whether you actually use the product. If you don’t, you won’t get the credit. After giving it its fair trial, if you decide the product isn’t for you, you’re under no obligation to keep it.
Not all offers are for a free trial period for their products or services. Some will require a small amount for shipping and handling, others charge a small fee. In most cases, though, this fee is much less than the money you will make by completing the offer. Since you get to choose the offers you’re going to do, it’s quite easy to make a good profit on your very first site.
How do I get paid for completing offers?
I will pay you directly to complete offers! (Jargon alert: completing a site’s offer requirements to gain a credit is known in the freebie trading world as ‘going green’, or ‘greening’. If you use your trading partner’s referral link to sign up for an IFW site, complete that site’s offer requirements, and get your credit, you ‘went green’ or ‘greened’ for them) You’ll be credited for the offers you do on the IFWs to which I send you.
Just in case you missed this point earlier, no IFW is allowed to pay people directly for completing the offers, no matter how many they complete. That’s a different business model, and the offers pay the IFW much less if they do. What they CAN do is pay OTHER people to refer people to them to complete offers. On your first site, for example, as soon as you go green, I’m immediately going to pay you $30. The IFW will take a day or two to check out your information, then pay me $60. This works out well for both of us. You may need to pay a small fee for some of the offers you’ve chosen, but I’ll need to pay taxes on my share. We’ll both have plenty of money left over, though. Everyone wins.
What’s in it for the IFWs?
Money doesn’t come from nowhere, and it might seem to you that the offers are paying out a lot more in commissions than they’re getting in from the people who try them. Either that, or the IFW is giving out more in commissions than they’re making in commissions from the offers. It wasn’t until I got a little bit more deeply involved in the business that I began to understand where the extra money came from.
First, a lot of people end up deciding that they like the offer and continue using the product or service (or forget to cancel). Personally I’ve done a total of 58 offers. Out of those 58, my wife made me keep the incredibly expensive exercise equipment we got from Slendertone. I kept all of the book clubs (about 6 of them) and gave them out as gifts, and we both liked the $90 Miracle Knives enough to keep them, too. I was in no-way obligated to keep any of those products, of course, but once I tried them, I liked them. So the offers, collectively, made a reasonable amount of money from me. But I still made SOME money, and my family got to try a lot of products we otherwise wouldn’t have known about. And the ones we kept were genuine bargains, which I got even more affordably, because someone paid me to try them.
Secondly, the more people who use a product, the more word of mouth advertising that product gets, and the company providing the offer doesn’t have to pay a dime for that. Lastly, the sad fact is that some people will sign up for an IFW site, start the process of completing offers, but then quit before finishing. When that happens, the IFW site still gets its commission on the products or services the person signed up for before he quit, but never has to pay anyone their commission.