Ok, now let's get on with my review of the project payday system....
Is Project Payday a Scam? You be the Judge!
In my never ending search for legitimate money making programs online I recently came across a program called "Project Payday", I was a little skeptical at first as I am with all money making schemes so I thought I would do my homework first before diving into this program too hastily.
I got on the Internet and did a search for project payday reviews and found several reviews from ordinary people like you and I who claimed to be earning money with the program. With that in mind I headed on over to their Website where I found myself reading a sales page about something known as "Incentivized Freebie Websites" or IFW's for Short.
I'll be the first to admit that I didn't have the foggiest idea as to what an IFW was let alone how to make money with it, as it turns out the whole program is based on filling out short surveys for companies such as Blockbuster, NetFlix, NY Times, Ebay etc, in exchange for a free gift such as iPods, Cell Phones, Flat Screens or Cash!
I'm sure you've all seen 'free ipod' promotions, or 'paid to take survey' promos, or 'get paid to shop' advertisements at some point during your Internet travels. The typical sales pitch goes something like this ... "Complete a simple two minute marketing survey and you will receive a brand new ipod, Flat screen, Digital Camera, Cash, etc..."
The way it works is that the Websites that are giving away the free Gifts get paid for each person they refer to the vendor such as Blockbuster or whoever, in other words the vendor (Blockbuster) pays the Website for getting you to fill out the survey.
While some of you who have seen these advertisements may think that they are all scams, I can assure you that they are very legitimate, the referring Websites do in fact give away free ipods, cell phones, Cash or whatever they say your free gift will be, however there is one small catch involved, in order to receive your free gift you are required to refer a few or your friends to sign up for the promotion as well.
The referring Website gets paid, let's say $25 every time they refer someone, you must refer 5 people to receive your free gift therefore the referring website makes $125 and gives you a free gift that they paid about $40 for. It's a Win-Win situation for everyone involved. The company (in this example is Blockbuster) gets 5 new potential customers the referring website makes an $85 profit and you get a brand new gift as promised.
What does Project Payday have to do with any of this
and how do you make Money?
By now you're probably asking yourself... how do I make money out of this? I asked myself that same question but that was before I read the strategies outlined in Project Payday.
As it turns out there is an industry online where people are making money with from these freebie offers. Let me explain how it works...
Project Payday will put you in touch with a network of private forums devoted to individuals who buy and sell referrals for these free gift and Cash offers. If you join any of these forums you will find people that will pay you a small fee if you sign up for a specific promotion as their referral. let me explain this in more detail.
Let's say I come across a Incentivized Freebie Website that's offering to pay me $50.00 if I sign up for a particular credit card and refer 5 other people to do the same. This is where the project payday forums come into play, I sign up for the credit card and then I post an ad on the forum that says I will pay 5 People $5.00 each if they go to the same website and sign up for the credit card using my referral ID.
So in actual fact I would be paying out $25.00 (5 people x $5.00 = $25.00) but I would be collecting $50.00, therefore I would be making $25.00 profit
If you don't mind putting in a lot of effort and many hours of your time you can make some money with Project Payday, here's how...
- You can get paid by signing up to promotions for other people while using their referral ID, your payment will be deposited directly into your PayPal account, All Deals will take place on the forums so anyone caught cheating or not playing by the rules will immediately be banned from further participation. All buyers and sellers are rated by the individuals that they have transacted with (similar to ebay) so you will know in advance who you are doing business with before any transactions happen.
- You pay others a fee to sign up for promotions on your behalf using your referral ID, like the example mentioned above, you pay out $25 and get back $50, for a profit of $25.
The bottom line is... the Project Payday System will take a lot of time and effort on your part and the financial rewards are way too small... Not worth it in my opinion!