I had several emails from my readers asking me to provide some information into what Project Payday is all about. I finally found the time to write a review and give some examples of how I use this program. So if you are looking for the most comprehensive and unbiased review of Project Payday, then I strongly suggest that you keep on reading.
I want to provide you with a good grasp of what Project Payday is all about.
Member Only Area of Project Payday
This area contains an ebook that offers their closely guarded money making method that is still very effective today. This program was first developed in 2007 and still is very successful today. The basis of the whole method relies on a specific types of sites that have reached popularity over the past few yeares. These are the Incentivized Freebie Websites. This ebook provides a very detailed explaination on how to use these sites to make money or obtain free items. It also provides a membership to a community where people pay you money to help others complete these Incentivized Freebie Websites. More will be said on this later.
I am sure we have all seen the sites claiming to offer free products like iPads, cash, iPods, and other popular electronics. Most people consider these sites to be a scam, which I am sure some are as there are always bad apples in the group. There are actually some legitimate sites out there that I use daily to generate extra money. In particular the is one site out there that has sent over 8 million dollars in gifts in the past 7 years?
How can these IFW sites offered to give you these free offers?
The money that is being used to give you the free product comes from advertisers. This is a new concept on how advertisers choose to spend their marketing dollars. Traditionally, many companies will choose to spend their money dollars on methods such as buying airtime for commericals in television. Yet, with the current technology such as Youtube and Netflix, television viewership (with the exception of the SuperBowl) is decreasing and companies need to be more creative to get the most out of their advertising budget.
The IFW are one form of advertising. How it works is that you have companies like magazines, Hulu, and Netflix. These companies will pay the IFW money for each person that they can get to sign up for their services. These services are often free trials and that allow the consumer to try these services.
Let me give you an example. Lets say the IFW is for a free ipod? The requirement is for you to refer 10 people to try out a trial service from such companies. The IFW will get paid by company and this money will be used to purchase your iPod, so you will esssetnailly be getting it for free.
The IFW will profit because the amount of money that they get will be more than enough for the iPod. The companies that have their own service allocate their marketing budgets so that they can get a direct return on their investment rather than brand awareness that comes with television ads. Although some people may cancel the service, that’s a given. It’s the most common model of advertising. Take Groupons for an example. They give you a deal so that you try out a company’s service. If you like it, you may become a repeat customer and order again. This is done to get more people to try their services. The IFW makes money on each free trial offer that people sign up for using their site. And you get a free electronic or cash. It’s a really complicated equation, but all parties win using the IFW.
The beauty of this is that there are people that will pay you money for being one of the 10 people that they may need to sign up for a free trial. The rates that I have seen are $30-50 for a free trial that you sign up. This is another method that is mentioned in the Project Payday book. You can complete these free trial offers and earn cash (average payment is usually $25) for each offer you complete for them. There are a number of different ways to use this but I think you get the idea.
Is Project Payday a scam? The answer is no. They are actually an accredited business with the Better Business Bureau and they have an A rating. If you are looking for ways to make money online, I believe that Project Payday is an excellent option to try. There are very few companies that would have a $100 guarantee. Their guarantee is that if you follow the ebook and you do not make $50 then, the founder of Project Payday will pay you $100. Project Payday isn’t for everyone, but it’s a pretty neat system. You will have to find out for yourself whether or not this is for you. The only way is by trying it out.
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