So What Exactly is the Project Payday System?
Note: You can read my most current post on Project Payday at the link below.
Project Payday Sept 2007 Update. (opens in new window)
The system is about Incentivized Freebie Websites, or IFWs. These sites are not well known but have been growing steadily on the Internet. There are 100s of freebie sites out there and they are multiplying fast with new sites launched daily.
How Exactly Do "Incentivized Freebie Websites" Work?
Most of these sites give away electronics such as iPods and digital products (cameras, game systems, PC's, TVs, etc.) but other things too - designer handbags and clothing accessories for women, golf clubs and accessories for men, gift cards, and best of all, cash.
Most sites work like this;
You sign up at a free give-away site and fill out a "sponsor offer".
This is some form of a trial or other offer from a large company such as AOL, Blockbuster, Columbia House, etc. Some offers are free, with others you have to pay a small shipping and handling or other fee.
To get the freebie you must refer a number of people to the site who do the same thing. Once you have the required number of referrals you will receive their free gift.
This works because the website running the promotion is paid a commission each time they generate a lead for an advertiser.
ie. they might earn $50 each time they refer a new person to AOL even though the user only signed up for a free trial and didn't pay anything at all.
The Method
Get Paid to Complete Offers for Others
This is the quickest and easiest method to make money with IFWs.
You can make $50 in the next hour or two just by following these simple steps.
This method is great because it's very straightforward - you complete sponsor offers for other people who are currently working on earning free gifts at one of the various IFWs, and in return they will pay you for doing so.
At any given time there are 100s of people willing to pay you for completing an offer.
Step-By-Step Instructions
Here's how it works:
Visit one of the various "referral trading" sites (listed in Appendix) to find people who are currently paying for offer completions.
Their posts will indicate which sites they are working on, and how much they are willing to pay for your referral. Simply contact them to confirm the deal.
Once the deal has been confirmed, follow the referral link they will provide you and then complete a sponsor offer.
Receive your payment from them via PayPal. Presto! That's all there is to it!
Why This Works and Why People Are Happy to Pay You
This works because of the numbers involved. Let's look at the free Xbox 360 promotion from FreePay - a popular freebie site at the moment.
In the print at the bottom of FreePay's Free Xbox 360 Offer page, you'll see that it requires you to complete an offer and get 8 referrals.
The free premium Xbox 360 has a retail price of $399.
Even if the user pays 8 people $25 each they have purchased a brand new Xbox 360 for half price. Everyone wins.
This is why people will pay you to complete offers for them? It really does make a lot of sense if you think about it.
Ultimately this is all funded by the large advertisers being promoted by these sites. They pay the people running the IFWs each time someone is referred.
Tips for This Method
Offer Crediting
Many sponsors offer "credit" immediately, but some do not. With some it takes a few days to a week or longer before credit is issued for completing that offer. Credit card offers can take up to a month.
Stick to completing offers that credit instantly.
Trader Ratings
Before completing an offer spend a few minutes checking out the person you are referring for and make sure they aren't a scammer. The trading communities all use feedback and ratings systems, so this is very easy to do.
Scammers don't last long because once they start getting negative feedback no one else will trade with them. Still, always be sure to check a person's feedback or trader rating before doing a "deal" with them.
When you're viewing their posts, next to their name you will see something called a Trade Record. This is the number of successful trades they have done with others. Anyone with a Trade Record of 4-5 or higher should be "safe" to trade with.
Getting Paid
When you're just getting started, you yourself won't have a positive "trader rating" so some people will be hesitant to trust you.
This means that when you first start out you'll have to fulfill your end of the deal and do a sponsor offer first. Once they've seen that you've done it, they will pay you.
Once you have built up a positive trader rating and a good reputation for yourself, you can often get paid first. The rule of thumb is that in a trade, the person with the lower Trade Record "goes first".
Using PayPal
PayPal is by far the preferred method of getting paid, for both you and the people who will be paying you. If you aren't already a PayPal user, you should visit PayPal.com and setup a free personal account.
Completing Offers
Don't worry about sponsor offers that aren't entirely free.
The offers that require you to pay a small shipping and handling or other fee are more valuable to everyone involved, and this means that you'll get paid more for doing them.
You can't go wrong paying $5 shipping on an offer and getting paid $30 in return, especially considering the fact that you'll get paid the $30 weeks before you pay the $5 charge.
Credit Cards
To complete sponsor offers that involve paying a small fee, most people simply use their credit card. If you do not have a credit card you have several other options;
You can use any type of bank debit card (as long as it has a Visa/MC logo on it), you can get a PayPal debit card, or prepaid gift cards available at retail or online stores. Many people use the prepaid cards offered by Simon.com.
Give Feedback
After you've completed an offer with someone you should leave some feedback for that person using the applicable feedback or trader rating system.
Note: At any time you can also post that you are available to do offers for money.
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Appendix
Communitity Forums
There are 2 primary discussion forums related to profiting from IFWs.
1) FiPG Forums
A very popular message board for everything related to IFWs. Here are some main links:
Update: March 2008,
This site is offline at the present time. I have removed the links.
2) Anything4Free Forum
A popular community message board covering everything related to IFWs. Here are some main links:
Registration
Help Center
Referral Trades Trade offers with others.
Cash Trade Referrals Get paid for a referral.
Other Types of Trade Referrals Other types of trades.
Tools and other Resources
Referral Swapper
A network of people who are looking to buy, sell or trade referrals.
GreenCheck
GreenCheck monitors your IFW accounts' status.
Update: Sept. 2007
This program has turned into one of those rare success stories and has gained a huge online following. As a result the people behind Project Payday have upgraded and updated much of their content and more importantly they no longer require you to purchase the ebook. Instead you can fill out 1 offer on their site and earn your first dollar in the process. To sign up and try it out join here.
Project Payday
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Update on The Ultimate Supertip
I have received a ton of emails about this project and most of you want to know how to market this. This tells me that you haven't downloaded the eBook. Do it - it's free and you don't give your name or email. The eBook will explain everything to you including tips for marketing the project.I have made over $700 off of this and all I did was write one lousy article and post it on one single directory. If I wasn't so lazy I would write a few more articles and see what this program could really make. As it is I have set it up and forgot about it... except for my morning email from paypal telling me I have another few sheckles in my account. This is the easiest and fastest beginners project I have found to date for making cash.
Read the Supertips Free Library of EBooks.
101 SuperTips
Ad Tracking
Forum Marketing
Start Your Own Forum
Viral Marketing
The Complete Guide To ClickBank
The Complete Guide to Ad Tracking
How to Make Money on the Net
Good luck everyone.
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