Thursday, February 26, 2009

What is Freebie Trading

By Marvin Warren

The readers of this article will belong to two different groups of people. Those who have and have not heard about Freebie Trading. For the sake of this article, I am going to assume that you are one of the people who has not heard of Freebie Trading and is looking for a little bit more information on the subject.

If you are of the first group then I do encourage you to read on, especially if you are on the edge of deciding to participate in this business. You might just find some useful information to help you make a more informed decision. Now that we have that out of the way, let us continue on and learn about what Freebie Trading is and what it can do for you.

Freebie Trading is a business. It involves a legitimate amount of work and effort in order to succeed. When you do succeed, it is not only highly rewarding but fun as well. I want to start of by dispelling some of the rumors about online businesses and explain why they do not apply to Freebie Trading.

It is very important to have a level head in this business, and we should start that out by saying you will NOT get rich. This is not a pyramid scheme and you don't have to recruit people to enhance your downline in order to achieve unlimited income. Most online scams have the promise of fast and unlimited wealth with no effort in common, and Freebie Trading does not promise that at all.

Working part time in this business can put anywhere from an extra $500 to $1000 in your pocket a month. That is the realistic expectation of this business. Some of the full time traders even make an upwards of $3000 or more, but you really have to work at it to earn that kind of income.

While it may not seem like a lot, in this time of economic downturn anything helps. Plus you are forgetting the most important factor, it is fun. The best thing about Freebie Trading is that it is a very fun and rewarding experience that I would not trade for anything!

So what the heck is Freebie Trading? Well if you have been on the internet for more then five minutes in your life, I am sure you have run into an Incentivized Freebie Website(IFW). It is one of those sites where they offer you a free iPod or X-Box 360 by filling out certain offers and trial memberships.

Normally we close them as soon as we see them. But eventually, someone got a great idea. Whenever you complete the required amount of offers for a website, you go Green. This is referred to as Going Green by Freebie Traders everywhere. That is the way most IFWs work.

Now the website wants you to refer one person and have them go Green. Each time you send them a new person, they will send you $60. Well, what that guy with the smart idea did was that he paid someone $30 to complete offers on the IFW. Basically he paid half his earnings to his referral. Eventually enough people jumped on the bandwagon and created the Freebie Trading industry as we know it today.

The story about might be a little confusing so please allow me to try and simplify it. Lets pretend there is an IFW called ThingsForFree. If you sign up and go Green with them, they give you nothing. But for each person that you send after that they will pay you $60. You then give half of that to the referred person so that they earn $30 as well. Everyone has then made money and is happy.

Just to put a few more terms in your head, the person getting $30 is doing what is called Method One and the person who got the $60 is doing Method Two. If you are interested in pursing this business then these two methods will be explained in greater detail later on.

To begin in the Freebie Trading business, there is only one major thing that you must have. A valid and active credit card to sign up for free trials. If you are worried about Fraud you will never give your card number out to anyone that seems non-professional. In fact, most of the companies that you give your credit card to are known companies such as GameFly and Netflix.

The best thing about starting out in the Freebie Trading business is that there is little to no startup costs at all. The most you will pay is $3 to $4 for a trial but you will always get that money back plus some when a trade is completed. Not to mention some offers are even free to try out giving you a chance to make some money before choosing to spend any.

Hopefully you have gotten some good advice about Freebie Trading from this article. Just keep in mind that this is NOT a way to get rich quickly but is a real type of business with a real expectation of income. I do encourage you to at least give it a try as there really is nothing to lose in this business. - 15224

About the Author: