What happens if you get extra refers( who go green)?

Live forum: http://forum.freeipodguide.com/viewtopic.php?t=25840

newguy101

06-11-2005 19:36:17

If you need lets say 8 and you get 9 does that extra one go to something else?

CoMpFrEaK

06-11-2005 19:36:38

it does nothing, its only reassurance

shortys408

06-11-2005 20:04:10

you could get 100000 greens and still only get 1 thing.

Iloveipods2

06-11-2005 20:50:52

yep, nada mas

doylnea

06-11-2005 21:29:44

[quoteb22a29605b="newguy101"]If you need lets say 8 and you get 9 does that extra one go to something else?[/quoteb22a29605b]

Yes the extra referral goes to paying for your gift. Freepay loses money when you complete a site, (or barely breaks even (though I'd guess loses money), so you're defraying the cost of the item to them but getting extra greens.

CoMpFrEaK

06-11-2005 23:16:52

[quotebc87cead85="doylnea"][quotebc87cead85="newguy101"]If you need lets say 8 and you get 9 does that extra one go to something else?[/quotebc87cead85]

Yes the extra referral goes to paying for your gift. Freepay loses money when you complete a site, (or barely breaks even (though I'd guess loses money), so you're defraying the cost of the item to them but getting extra greens.[/quotebc87cead85]

If you get a freeipod they lose about $150-$200

amanj

07-11-2005 02:30:17

[quoteb35c7d79dd="CoMpFrEaK"][quoteb35c7d79dd="doylnea"][quoteb35c7d79dd="newguy101"]If you need lets say 8 and you get 9 does that extra one go to something else?[/quoteb35c7d79dd]

Yes the extra referral goes to paying for your gift. Freepay loses money when you complete a site, (or barely breaks even (though I'd guess loses money), so you're defraying the cost of the item to them but getting extra greens.[/quoteb35c7d79dd]

If you get a freeipod they lose about $150-$200[/quoteb35c7d79dd]

so why r they r in the biz if they r actually losing money?

Cash4Cookies

07-11-2005 02:39:34

Becasue supposebly ALOT of people complete offers but never finish the sites. But in honesty, I still dont see how it works. Basically the offer company loses, the freesite company loses, yet we win... just doesnt add up to me. I know how its supposed to theoretically work...but just doesnt make a whole lot of sense.

shortys408

07-11-2005 03:44:17

Makes sence to me. For every ipod they send out, there are 5 more people with incomplete accounts and most of them will never complete.

Cash4Cookies

07-11-2005 03:50:02

If thats true, then it probebly isnt a good business model. Because technically, it can fail. A company shouldn't base their profits on "what if". One thing that never made sense to me is, ok 10 people get 2 refs but never complete it, so freepay(or whoever) is up like 1000 dollars, and they spend that money to employ their employees, and spend pay everyone eleswhere. Then 3 of the guys decide to complete the site...now what?

wwfc_barmy_army

07-11-2005 05:05:35

[quotec7ed859377="Cash4Cookies"]If thats true, then it probebly isnt a good business model. Because technically, it can fail. A company shouldn't base their profits on "what if". One thing that never made sense to me is, ok 10 people get 2 refs but never complete it, so freepay(or whoever) is up like 1000 dollars, and they spend that money to employ their employees, and spend pay everyone eleswhere. Then 3 of the guys decide to complete the site...now what?[/quotec7ed859377]

Well for 3 people to complete the site then they would have to refer another 3 or so members to join per account, therefore they will get another 9 members...

kdollar

07-11-2005 08:38:04

they arent losin money, did u see the article where they made millions, and if ur losin money u just dont keep givin out free stuff

sevenvii

09-11-2005 06:32:20

Yup, lots of speculation in this thread with hard number, and I am guessing none of them are right D

FurY147

09-11-2005 07:14:30

i highly doubt they lose 150-200 for each free ipod. There are 5 referrals you need to complete which means they get payed 5 times for 5 offers. i read somewhere they get paid like 35-50$ for each completed depending on the company.

ch3d

09-11-2005 07:26:08

I thought at first that Apple for instance gave them one hell of a deal if they bought thousands of ipods. Perhapse even below cost. Because, what's the first thing most people do when they get an ipod? They buy 2 or 300 dollars worth of accessories in many cases. So Apple secures a customer base in large numbers. This coupled with how quickly they are changing models/technology. The nano won't be shit in the near future. This also helps companies like apple reduce soon to be legacy inventory.

this was my thought as far as the ipods, but it doesnt' really make sense for the entire free shit industry. That was my thoughts on how it got started tho. speculation to say the least.

Kufta007

09-11-2005 08:02:36

That has to be the dumbest thing I've ever heard. Soon-to-be-legacy shit? Below cost? Are you on crack? Did you notice how quick the video iPods went onto the freeipods site? Same with the Nanos. And Apple has never sold anything at even close to a bargain to anyone EVER. Apple is the greediest, most price-gouging tech company out there. Did you notice the damned power adaptors for the iPods cost $30?

sevenvii

09-11-2005 08:33:06

Did you happen to read the part where he said that's what he thought at first? You have no clue, just like him, me, or any of the other yahoos tryign to figure out their business model. They may get huge incentives from Apple, I doubt it, but nobody knows so anyones guess is as valid as anothers. When is all said and done, I really dont care how they stay afloat as long as they keep giving cool electronics at a damn near free cost.

I do agree with apple being money-hungry idiots. If I didnt have my ipods given to me for free there is no way I would pay those ridiculous prices for a handy music player. But luckily for Apple there are enough idiots out there who think Apple is trendy, or classy or however they justify spending huge price tag for their stuff.

doylnea

09-11-2005 08:41:33

[quote87c509865d="CoMpFrEaK"][quote87c509865d="doylnea"][quote87c509865d="newguy101"]If you need lets say 8 and you get 9 does that extra one go to something else?[/quote87c509865d]

Yes the extra referral goes to paying for your gift. Freepay loses money when you complete a site, (or barely breaks even (though I'd guess loses money), so you're defraying the cost of the item to them but getting extra greens.[/quote87c509865d]

If you get a freeipod they lose about $150-$200[/quote87c509865d]

A couple comments...

1) There's no way Freepay is paying full retail price, based on the number of iPods (or anything else they offer) they order. I'd guess cost on a $300 ipod is around $200 and they pay somewhere closer to $200 than $300. (And I've heard that cost may be $175, but don't quote me on that).

2) Freepay makes money when someone earns / gains any number of referrals for an item, but never completes the site for whatever reason (loses interest / can't get more referrals or gets put on hold). Thus one of the reason's they are so protective of Fraud is because it saves them money.

3) Finally, Freepay makes a sliding scale per offer completed. They make much more money per Credit Card offer (which is why there are so many of them) than they do with the cheaper (ie free, $1, and Auto-Ship Trials) offers (which is why the cheaper offers rotate in and out - to entice you to choose one of the higher payout offers).

Jake

09-11-2005 09:12:31

[quote3363e3109a="doylnea"]
1) There's no way Freepay is paying full retail price, based on the number of iPods (or anything else they offer) they order. I'd guess cost on a $300 ipod is around $200 and they pay somewhere closer to $200 than $300. (And I've heard that cost may be $175, but don't quote me on that).
[/quote3363e3109a]

I won't say how much we pay but I'll tell you that its not far from retail and $175 is a very unrealistic price.

[quote3363e3109a="doylnea"]
2) Freepay makes money when someone earns / gains any number of referrals for an item, but never completes the site for whatever reason (loses interest / can't get more referrals or gets put on hold). Thus one of the reason's they are so protective of Fraud is because it saves them money.
[/quote3363e3109a]

We are very diligent in watching for fraud because we only get paid for valid, unique referrals. Hence, if we give out a product to someone who has fraudulent referrals, we lose the entire cost of that item because we never received compensation for false referrals.

doylnea

09-11-2005 09:18:12

[quote602d7b84d5="Jake"][quote602d7b84d5="doylnea"]
1) There's no way Freepay is paying full retail price, based on the number of iPods (or anything else they offer) they order. I'd guess cost on a $300 ipod is around $200 and they pay somewhere closer to $200 than $300. (And I've heard that cost may be $175, but don't quote me on that).
[/quote602d7b84d5]

I won't say how much we pay but I'll tell you that its not far from retail and $175 is a very unrealistic price.[/quote602d7b84d5]

That's why I said "cost may be" - I don't believe the person from whom I got the info that wholesale cost is $175.

[quote602d7b84d5="Jake"][quote602d7b84d5="doylnea"]
2) Freepay makes money when someone earns / gains any number of referrals for an item, but never completes the site for whatever reason (loses interest / can't get more referrals or gets put on hold). Thus one of the reason's they are so protective of Fraud is because it saves them money.
[/quote602d7b84d5]

We are very diligent in watching for fraud because we only get paid for valid, unique referrals. Hence, if we give out a product to someone who has fraudulent referrals, we lose the entire cost of that item because we never received compensation for false referrals.[/quote602d7b84d5]

It wasn't my intention to imply that your Fraud detection / prevention measure were a means of illegitimately improving Freepay's profit margins, which is how, looking back on my post, I read it now. Sorry about that.

Jake

09-11-2005 09:26:05

[quotea54973bd71="doylnea"]
It wasn't my intention to imply that your Fraud detection / prevention measure were a means of illegitimately improving Freepay's profit margins, which is how, looking back on my post, I read it now. Sorry about that.[/quotea54973bd71]

No worries. I just wanted to clarify. )

Allen626

09-11-2005 10:09:28

[quotec7eb1a5c91="Kufta007"]That has to be the dumbest thing I've ever heard. Soon-to-be-legacy shit? Below cost? Are you on crack? Did you notice how quick the video iPods went onto the freeipods site? Same with the Nanos. And Apple has never sold anything at even close to a bargain to anyone EVER. Apple is the greediest, most price-gouging tech company out there. Did you notice the damned power adaptors for the iPods cost $30?[/quotec7eb1a5c91]

Apple is the greedest tech company? Microsoft is by FAR. And guess what microsoft sells XBOX BELLOW COST. ZOMG. That is why after they modded it with linux everyone bought one for web servers, because it is a uber PC for dirt cheap.

They will do the same exact thing with the xbox 360, it will be selling at cost or below it. Espically when they drop the price when the PS3 comes out to totally fuck over sonys shitty product line.


I am guessing Freepay buys the iPods for 260-270$ You can probaly find wholesale information on the internet, I am pretty sure it is not a secret ;). Since Freepay is in the BBB, they may have to release thier financial statements. Doubt that it would show any more then net and overhead statements.

doylnea

09-11-2005 10:28:09

[quotef7c599ee03="Allen626"]Since Freepay is in the BBB, they may have to release thier financial statements. Doubt that it would show any more then net and overhead statements.[/quotef7c599ee03]

You're joking right? They're a privately held company, they have no requirement to produce financial records to be a BBB member.

Allen626

09-11-2005 11:07:16

[quote9c1e95dd7a="doylnea"][quote9c1e95dd7a="Allen626"]Since Freepay is in the BBB, they may have to release thier financial statements. Doubt that it would show any more then net and overhead statements.[/quote9c1e95dd7a]

You're joking right? They're a privately held company, they have no requirement to produce financial records to be a BBB member.[/quote9c1e95dd7a]

Thought that may be a requirement to be in the BBB, I really had no idea.