Thursday, April 10, 2008

Earn Extra Cash

It is possible to make money from IFWs.  Now, we’re not talking riches beyond your wildest dreams. Don’t buy that mansion just yet. I’m talking about a few extra bucks at the end of the week to help pay for that second mortgage you took out to put gas in your car. A4F and other sites offer a section in the forums to people wanting to trade referrals. The safest way to trade is to do referral for referral. This allows you to trade one on one and it hooks you both into an agreement. The drawback to this is you will find yourself opening many IFW accounts and you limit the audience that can trade with you. Because a person can only do a specific IFW site once, you will have to start looking for people who haven’t completed your site. You also can only trade with people who are working on a different site than you. It’s the magnet rule. Opposite sites attract while like sites repel. This is why it’s a catch 22 situation when you go to a site like A4F or FLR and expect to trade with experienced traders. More than likely, they’ve already completed your site and can no longer be a resource for a referral. If you try to trade with people who are inexperienced and have a low Trade Record they may disappear with your referral and you get stuck with a completed offer you didn’t want to keep tracking.

On the other hand, you can always pay cash to someone to do a referral for you. Some people charge between $10 and $50 for a green. If you just can’t wait that long to gather referrals at no cost to you, this is an avenue you can explore, but it comes with a serious caution. BE CAREFUL WHO YOU DEAL WITH IN CASH TRADES. I, myself as a very inexperienced trader lost $25 on someone who I paid to give me a referral. "Why did I pay $25?" I figured it was a small price to pay to get that last referral. I was wrong. The guy went green immediately and I paid him. Then he broke some rule and went red. He got banned from the site we were on and was gone with my money and probably other’s as well. A lot of scammers are referral brokers. They are usually foreigners who have troll the message boards. They have poor conversational English and usually take your money and pay a percentage to some other poor foreigner to complete the site. They do this repeatedly and get caught only after they’ve got your money. Most trading boards have a feedback meter attached to traders. It works like eBay to give some kind of credibility to the trader you may be dealing with for referrals. If you become an experienced trader you can in turn make some extra cash by offering to go green on people’s sites for cash. I do caution that you can become bogged down in the different sites and can ultimately get red flagged without being aware. Always keep a log of what sites you are doing for whom and what the terms are.

EXAMPLE

Date: June 1, 2007
Trade with: mom2our3
Site: www.zeropricetags.com/?ref=0000
My Site Ref Link: www.zeropricetags.com/?ref=0001
Pay: $20 on green OFFER: Blockbuster Free Trial
Trial Period: 2 weeks
Customer Service: 1-800-000-0000
Website: http://www.blockbuster.com/
Login ID: abcd1234
Password: wxyz5678
Date Cancelled: June 13, 2007
Cancellation #: abcdefg012345

If you can keep ahead of the different sites, offers, trial periods, and what not, you’re a better person than I. You may want to pursue this avenue and use your earnings to purchase your gift at a retailer instead of trying to complete the process for the "FREE" one. Then again, you might want to capitalize and have 15 different sites going at once using your referral money to offset the cost of your completed offers at each one. Whatever path you choose, just be aware of all the fine print and don’t get too caught up in the "gristmill" mentality. You can get yourself in some serious debt and have spent more than you can afford.

 

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