So What is freebie trading Exactly?
Freebie trading, which is also called Incentive Marketing, uses 100's of websites called IFW Sites, which stands for "Incentivized Freebie Websites" . IFWs present you with trial offers from hundreds of companies that pay the IFW site commissions to advertise their products and services. The IFW Sites provide an incentive (cash or prizes) to the people for signing up for the trial offers and getting a certain number of referrals to do the same. Types of prizes include playstations, Xbox360s, computers, TVs, and CASH. The types of prizes and cash amounts vary depending on each particular site. The term 'freebie trading' very loosely refers to the steps of 2 people referring each other to their respective sites, or the process of paying someone to be a referral as described below.
How does it work?
The IFW Sites get paid the commission from their sponsors on every person
that signs up and completes the sponsor's trial offers. For instance let's say Netflix is using an IFW Site to advertise their offer for a 14 day free
trial for a service to get movies delivered to you through the mail. If
you like the service, after 14 days you get billed each month at the
regular price. If you don't like the service, you can cancel before the
14 day trial period has expired, and that ends your subscription to
blockbuster's service. Period.
However, since you used the IFW to try that Blockbuster Trial, you are credited on the IFW Site, which then qualifies you to send referrals to the site and collect the prize.
Netflix is just an example, and not all offers are for a free trial
period. Some just require you to pay a
small amount for shipping and handling (between $1-$5),and others charge a small fee (also usually $1-$5). Even
though many of the offers cost a little money, it is MUCH LESS than the
money you will make by completing the offer. And please keep in mind you get it back basically the next day or so.....You can usually green with-in two hours of starting this.
How do you make money by completing the offer?
Us Freebie traders pay YOU to complete offers! Completing a site's
offer requirements to gain a credit is known in the freebie trading
world as 'Going Green', or Greening'. So, If you sign up for a IFW Site
via another trader's referral link (in this case I will be giving you mine so I can pay YOU) and complete that site's offer
requirements for a credit, you 'Went Green' or 'Greened' for that
trader (ME). And Now I pay you. Its That Simple.
Typically, traders will pay you between $20 and $150 for 'going
green' depending on the difficulty of the site's offer requirements and
corresponding prize value. 50% of the per referral prize value is
considered the fair standard, and you should never accept less than
that.
How can a trader afford to pay you more than you spend on completing the site's offers?
Ok Guys, It works Like this:
Once you complete the required number of offers to "Go Green" on an IFW Site, the site is "yours", and it gives you your own referral link that you can use to refer other people. You have now qualified, and all you have to do now is get enough referrals to sign up (through your referral link) on the site and complete the required offers or 'go green' (just like you did), and you can collect the prize.
So Lets say the prize you picked was in the form of $40 in PayPal cash
(a typical cash prize), the IFW says you have to get 1 referral to
receive the prize. You pay that one person $20 to
complete the site's offers and "Go Green", and pocket $20 in cash.
The thing that makes this system work so well is that after you get the 1 referral and collect the $40, you can get another referral signed up with your link and
get another $40... OVER AND OVER AGAIN, FOREVER... without having to
complete any more offers yourself. NEVER EVER.
Starting to make sense?
What's in it for them?
At this point it probably may seem like either the IFW Site's sponsors must be paying out a lot more in commissions than they are receiving from the trial offers, or the IFW Site is losing more on prizes than they are making in commissions. Because Money has to come from somewhere right? So Where are the IFW Sites and their sponsors making their money You ask?
Well it turns out that this very method is very profitable for them for a couple of reasons. First, a lot of people end up deciding that they like the offer and continue using the product or service (or forget to cancel). The more people using a product, the more word of mouth advertising that product gets. The system also relies to a certain extent on the concept of 'breakage'.
Breakage occurs when someone signs up to an IFW site, starts the process of completing offers, gets part way through and then quits or otherwise fails to meet the requirements necessary to claim the prize (such as not getting enough referrals). The IFW site still gets its commission on the products or services the person did sign up for, but never has to pay out any prize. Amazingly, it's a win/win/win situation most of the time.
A lot of the time that happens to people who weren't reffered to the site, and just wanted to start off doing freebie trading without knowing that there are tricks to it that we have to folllow in order to get proper credit. Thats what I'm here for, and the community as well.
So Let's Move on to the next Tab Shall we.....