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Post by GetRef.com on Jun 8, 2004 21:58:17 GMT -5
Surprise! Gold members can now earn cash! I am still working on it, but I thought I would put it up in it's primal state to reward all the Gold members I have so far. Current pay rates will fluctuate, but the starting pay rate is $0.10 for each credit you earn by joining another persons program, and $0.05 for each gold member 5 levels deep below you that earns a credit by joining a users program. Only gold members can earn cash, free members are not eligible to earn cash. In order to cash out, you must have a minimum of $20.00 in your account, and you must be a gold member AT THE TIME OF CASHOUT. If you let your gold membership lag, and go back to a regular member, you will not lose your cash in your account, but you will not earn any more cash. Only gold members can earn. Thanks and happy GetRefing, Jay
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Post by Christine on Jun 26, 2004 13:03:47 GMT -5
The $20 payout seems a bit high given that:
"...the starting pay rate is $0.10 for each credit you earn by joining another persons program, and $0.05 for each gold member 5 levels deep below you that earns a credit by joining a users program."
To reach the payout without having Gold members under me, I'd have to join 200 programs!
Even if I got lucky and some of my downline upgraded to Gold, it would still take quite some time to reach payout. It might be easier to achieve if Gold Members could contact their downlines to provide incentives for others to upgrade to Gold, but I still see the $20 payout as being nearly impossible to reach within a 3-month timeframe. With all due respect to the admin, this makes the payout relatively impossible to attain.
Input and suggestions are appreciated!
~Christine
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Post by GetRef.com on Jun 28, 2004 12:32:38 GMT -5
Hi Christine, I do appreciate your comment, and I would welcome more thoughts on the matter. My reasons for choosing $20 were the following: a. I have taken nothing away from the Gold membership by adding this new feature, this is 100% additional value. b. I want to encourage people to stay with Gold longer than just a 1, or 3 month term, so I wanted to make the value to attain very hard, but not impossible, but very hard to attain within only within the parameters of a 1 or 3 month term. Keep in mind that I need to make money too, I can't operate at a loss or GetRef will cease to exist. c. That said, you can still make a lot of money if your downlines upgrade to gold, and if you are gold. I have a couple of members that have already made more than $10 dollars and gold has only been around for a short while. d. The earn cash program is supposed to be a reward (bonus) for those users that join programs, if I find that people are not using it, I will change the value up to make it more beneficial. If I am losing too much money, I will decrease the value. The 10 cents is not unchangeable, I'm sure everyone would like to see it higher, but unfortunately the price it will be set at is subject to change. e. Currently, your gold balance can carry over during times when you are not gold. Meaning that when you are not gold, you will still have a balance in your account that can be redeemed later when you become gold again. I initially thought about wiping this balance out once the gold membership runs out, but then decided not too. Not saying that I won't do it in the future, but just telling you how it is currently. f. It takes about 30 seconds to 2 minutes to join a program, you find me another program where you can realistically earn 3.00 - 12.00 per hour (Time-elapsed I realize programs are not always available if you have joined all the current visible ones). Granted, its a lot of work to join all those programs. Those are my thoughts, your comments are appreciated. Jay
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Gemima
GetRef Strategos
Posts: 187
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Post by Gemima on Jun 28, 2004 22:31:26 GMT -5
My only worry is that if someone joins 200 programs will they ever be active in any of them ? Its great if you want to win referral competitions but after that what have you got but a dead downline My most active referrals are the ones who joined programs they were obviously interested in and not just to make the 10 cents or win Gold membership and I thank them for that ;D
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CashPortfolio
GetRef Hoplite
Dedicated Domain Investor and Internet Entrepreneur
Posts: 56
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Post by CashPortfolio on Jul 1, 2004 11:56:01 GMT -5
Thank you for your explanation. The 6-month Gold membership is currently $33 ($39 after launch) and the 12-month Gold is $64 ($75). It's good to have the opportunity to get some of my Gold membership fee returned. Of course, the advantages of Gold membership (getref.com/gold.asp) are well worthwhile. Nonetheless, I don't think anyone in my downline has upgraded to Gold. If you look at my current referral stats: Level 1 - 32 Level 2 - 20 Level 3 - 5 Level 4 - 1 Level 5 - 0 and the possibility of earning back more money from my Gold membership ("$0.10 per program joined by you, $0.05 per program joined by every gold member below you 5 LEVELS DEEP!"), I could be earning $2.90 each month (58*$0.05) if all my referrals were Gold and each joined one program per month. That would go a long way to getting me to payout. The problem is that I can't see which, if any, of my downline are Gold. Additionally, I have no way to contact them or otherwise offer incentives for them to try out the Gold membership. It would be most helpful (and possibly induce more people to upgrade) if there was more information available on each downline member and/or a way to offer them incentives to upgrade. That would make the Gold membership even more desirable. Whaddya think? ~Christine
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