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Freebie Success - Make money on freebie websites!

Freebie Website Tutorials

March 3, 2009

Calculating the Value of Weights

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This is a math-geek post (which is ironic as I’ve always hated math; however, it’s quite useful).  It’s totally optional and has the potential to only complicate your life if you let it.  Don’t sweat it; it’s a good thing to not be as OCD as I am.

This sprang out of my desire to best plan my offers – which site gave the greatest value to an offer?

For example: Netflix is worth .33 credits on a $40 site.  It’s worth .25 credits on a $60 site.  Which is the better value?

I decided to assign a dollar value to the offer depending on which site it was on.  That is, how many dollars do you ‘make’ for doing the offer?

The math is simple, really.  It’s:

(referral value) x (credit value) = (offer value)

With our Netflix example, it’s:

40 x .33 = 13.20

An offer worth .33 credits on a $40 site has a value of $13.20.

What about the $60 site?

60 x .25 = 15

So, even though the weight is lower on the $60 site, the value is higher – you’re getting more bang for your buck.

So what?  You ask.  I’m working a $40 site, I need .3 credits to go green, so I’m gonna do Netflix.  Hey, that’s fine!  Nothing wrong with it.  Netflix is a cool company and I’d recommend you try them even if their crediting stunk.

But if you’re like me and want to work as many sites as possible and use your offers to the best possible advantage, this can be useful in your planning.  Once I determined the next several sites I was going to work on, I looked over the offers at all of them.  I created a spreadsheet with columns for each site and offers I was interested in in each row.  The cells I filled in with the offer value on each site, bolded the number where the offer had the highest value, and used the sort tool to organize my info and help me decide which offers were best used where.

Here’s a screenshot of my spreadsheet at work:

Here’s a copy of my spreadsheet for you to download.  Keep in mind, the example page is just that – an EXAMPLE.  Weights of offers can and do change, so I make no guarantees as to the validity of the numbers on that sheet.  Use it exactly as I have, or tweak it to suit your needs, it’s a tool for you to use.

Freebie Website Tutorials

Master List of Tutorials

I’m always adding more!

Beginning Method 1:

Before You Begin: A Checklist

Intermediate Method 1:

Strategy to Method 1: Choosing Your Offers

Advanced Method 1:

Calculating the Value of Weights

Learning Project Payday and Freebie Sites

Strategy to Method 1: Choosing Your Offers

In Project Payday, the term ‘Method 1′ refers to how you start out in freebie trading - you get paid by someone to be their referral.  As their referral, you will follow their affiliate link to a freebie site and complete enough offers until you have ‘gone green’. The people paying you are practicing ‘Method 2′.

I spent a good deal of time looking at the different freebie sites before choosing which one to start with.  Something I noticed was that a lot of the offers repeated on the different sites.  Also, a lot of the offers were things I wasn’t interested in, or were too expensive for me to feel they’re worthwhile.

A common newbie mistake is to jump into a freebie site and do a bunch of offers, without really planning ahead for what they are doing.  This leads to the following problem: two or three sites down the road, you’ll suddenly realize that there are no more affordable, interesting offers, and you’re stuck.  Yes, sites add new offers every few weeks, but really, you don’t want to have to sit around and hope there’s something you like.

So, what to do?

First of all, never accept a trade agreement for a site without looking over the offers first.  You always want to have an idea of which offers you’d like to complete, and make sure there will be enough credits from them to go green on the site.

One strategy which was put forth by my mentor was to begin on sites that don’t have many offers.  Once you complete that site and move on to a different one, there’s going to be more offers to choose from, so the risk of running out is lessened.  In general, I like this strategy – and you really want to have a good mentor or trading partner who can direct you towards the kind of sites you’re looking for.

My personal strategy evolved from calculating a number of things: wanting to build a good network of trustworthy sites that I could take with me to Method 2, wanting to go green on lots of different sites so I could build up my Trade Rating, and of course, wanting to make money!

Freebie Website Tutorials

Before You Begin: A Checklist

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One of the most crucial parts of freebie trading is making sure you get credited.  Getting credited means that the freebie site you’re working on knows that you’ve successfully completed an offer.  Without credits, you can’t go green, the freebie site doesn’t get paid, your trading partner doesn’t get paid, and most importantly, YOU don’t get paid!  That’s a tragic end, to be sure, especially after you’ve spent time and (often) money completing an offer.

With this in mind, there are some things that should be done before you begin working on a freebie site.  Here’s a list for your reference (details follow):

-    Are you using AOL or another proxy server?
-    Disable all pop-up blockers
-    Accept all cookies
-    Clear cookies and cache (do this before EACH offer you complete!)
-    Make sure pop-up and cookie blockers are turned off in your security software
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Learning Project Payday and Freebie Sites

February 16, 2009

Thinking Strategy to Maximize Potential on Freebie Sites

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Spent some more time thinking about strategy and how to approach this with the best long-term goals.  I was becoming overwhelmed and discouraged by the sheer amount of info available on the forum.  Finally, I decided to take advantage of one of the many offers for newbie hand-holding and PPD mentors, and contacted a mentor.

My mentor was very friendly and helpful, with lots of information and encouraged me to ask questions.  Fantastic!  I kept thinking of more.

At this early stage in my career, I’ve decided that going after electronics instead of cash really isn’t worth it.  The values tend to stay the same – the payout-per-referral ratio, that is – and cash really is much more flexible.  I could refer 25 people to a site for a MacBook Pro, cash equivalent $2000… or, I could get that same value in cash, and find my MacBook on sale somewhere else on the internet.  By the time you factor in the cost of buying referrals, you’re spending a bunch of money anyway.  Maybe I’ll change my mind… but probably not about the MacBook – I want a souped-up one, anyway.

I’ve realized I need to be careful with where I spend my greens

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Learning Project Payday and Freebie Sites

February 15, 2009

Project Payday and Freebie websites - scam or not?

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To do or not to do?  That is the question…

Welcome to Freebie Success.  This is my dumping ground for thoughts as I explore the freebie website business.  I’m a pretty cautious person, HATE losing money, and generally pretty savvy about picking up scams and bad offers.  I also research my tail off.

So, here’s an opportunity to learn with me!  This will probably start off rather train-of-thought and confusing… as I figure things out, I’ll get more organized.  But the important thing for you to know is that I’m just starting out, I’m learning as I go, and I’ll tell you the truth - including if I decide this thing’s a bust.  Why am I calling my website Freebie Success?  Because that’s what I hope for!

Now, down to business.

I decided to bite the bullet – sounds like there’s some risk involved, but a wide variety of people do seem to make a decent bit of money, which is what I’m looking for. I have the capability to be very organized, so I think I can handle it as long as I’m careful.

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