This is my interview with Leslie, a Blogger/Entrepreneur who teaches people how to make money online with Freebie Trading.
His blog at TheFreebieGuy.net teaches people how to get started with Freebie Trading and his Community at CaliStyle101 is one of the premiere Freebie Trading Communities on the Internet today.
1. What is freebie trading?
Freebie Trading is a relatively new industry that’s built on the concept of Affiliate Marketing, in a way that makes it much easier to get started. It involves Freebie Sites that provide users with incentives for trying out different services/products in the form of cash or physical prizes. These services can be free or very inexpensive products and ranges from things like a Free Blockbuster Online trial to getting your credit report. In other words, many of these things are things that you would do, but with Freebie Trading, you get paid to do it.
These Freebie sites pay anywhere between $40 (for easy sites) and $120 (for much harder sites) for each referral that you get that meets the very basic offer requirements and you can get paid over and over for each referral you send, without having to complete any more offers.
There are two features that make freebie trading very appealing to beginners. The first one would be the Freebie Trading forums. There are a few good ones out there like CaliStyle101 where you can find mentors to walk you through the process, people interested in completing offers and being your referral and training to make sure you are on the right path.
The second would be the concept that with freebie trading, the person getting the referral usually splits the money they get paid with the referral. In other words, if you sign up as someone’s referral and complete the offer requirements, the person that referred you usually gives you 50% of their profit.
2. How and why did you get started?
I was browsing the internet one day and I just stumbled onto the process. After doing a lot of research, I saw that many people were doing it successfully and that it wasn’t a “high risk” venture (in terms of how much it costs to get started) so I decided to give it a go, just for fun. I wasn’t really looking for a way to make money online, but it seemed like the risk was so low,that it made sense to give it a try. I started in January of 2008 and have not regretted the decision one bit.
3. How much money do you make from just freebie trading each year?
In my first year (2008), I made approximately $28,000 Gross. However, my net profits were approximately 50% of that, because I paid my referrals half of what I made, following the standard model. I also was able to get a free iPod touch and 42″ flatscreen TV, which was really exciting, because I always wanted one of those TVs, but couldn’t convince myself to spend that kind of money on it. Getting it free was the best of both worlds. I also want to mention that I did this part time, because I also have a full time job and couldn’t invest as much time as I wanted to.
In 2009, I made the shift to owning a Freebie Trading forum and providing resources for other people to be more successful. I really enjoyed trading but realized that there was a lack of simple video tutorials to help people do well. People were coming into the industry, misunderstanding the terms, making simple mistakes and deciding that it wasn’t for them. So I took up the task and made the switch to providing a great community. So, I’m no longer an active Freebie Trader, but still very active in the Freebie Industry.
4. I know you have another job. When do you do this freebie trading?
Yes, I’m a full time Science and Math teacher at a boarding academy, which does demand a significant amount of time. However, because of the nature of Freebie Trading, there are no real time restrictions. You can do it whenever you have free moment. When I was heavy into Freebie trading, I would log into the forums early in the morning, whenever I had a break during the day and again in the evening. In other words, I did it whenever I felt like it. This is another attractive aspect of Freebie Trading.
Freebie Trading is literally the kind of thing where you can do some work for maybe 20 minutes, and then decide that you don’t want to touch it again for a month or so. That’s not what I would recommend, but it does illustrate that you are 100% free to choose to do it however you would want to do it.
5. Can you see yourself doing this full-time?
Most people expect me to say yes in response to that question. However, the answer is a resounding no, and here’s why. Freebie Trading is a great way to start making money online and supplement your income. However, it’s not something I would recommend for full time income. It takes a lot of work to make a lot of money with it, but is easy to get started and in order to continue making money with Freebie Trading, you have to continue working hard.
For long term (full-time) income, I prefer to set up a full online business. One that you can leverage so that over time, you can establish multiple streams of income, resulting in you working less and making more. I recommend Freebie Trading for anyone looking to get started making money online. Then I recommend investing in your online business education and taking steps to build a business that can have a tremendous impact on your life and the life of those around you.
6. What skills have made you successful at freebie trading?
The first skill is the most important one and is applicable to whatever you are doing to make money online. That’s patience. It takes patience to make money online. Although you can literally make money on your first day with Freebie Trading, in order to really build on it, it will take work, reading, educating yourself and following crucial steps. Many people try to rush into it, unaware of some of the steps that need to be taken, and then they aren’t as successful.
The second skill is attention to detail. There are a lot of details to keep track of with Freebie Trading (as with any business). You need to keep track of your referrals, the offers you complete, the payments you receive and have to send to your referrals, contact information and the list goes on and on. You need to be organized and pay attention to the details.
The last skill I would like to mention is that of perseverance. I’m not going to tell you that once you start Trading, it will be a bed of roses. It’s easy to start, but in order to make a significant amount of money, it will take a lot of work. In the months where I’ve made the most money trading ($6,878.54), I basically lived attached to my computer and was extremely burnt out to the extent that I almost wanted to forget it all and move on. I know I probably shouldn’t say that, but it’s the truth. Since then, certain aspects of the industry have continued to make it challenging, but when it’s all said and done, the experience you gain plays a significant part of shaping your success.
7. How do you maximize your earning from freebie trading?
One of the biggest mistakes I see people make is trying to get a ton of referrals. I know, that sounds like the logical thing to do, but there’s a smarter way of doing it. On average, you will make $25 profit from each trade. If you want to make $1,000 in a month, you can do it the “normal” way of getting 40 referrals in a month. Now, that’s just A LOT of referrals to get and it would take A LOT of time dealing with those people, answering questions, getting your questions answered and just being helpful.
Alternatively, you can do it the smart way and get 8 referrals to do 5 trades with you. Less referrals, meaning less people to keep track of, less time spent and just as much money. This is the model I’ve tried to use for maximizing my Freebie Trading success.
8. What are some of the common mistakes people make when they try to make money from freebie trading?
Not watching the tutorials and following the instructions. There are a few details that are essential to freebie trading success. Some people find out about Freebie Trading, dive in, complete offers, don’t get credit and then write it off as a “scam”. However, if they only watched the video tutorials, they would see that in order to get credited, they have to set their browser the right way. If you don’t know those settings, it’s very likely that you won’t get credited for the offers you complete, and won’t get paid.
9. Do you see yourself doing this for a while? What’s next for you?
Most definitely. I believe that there is a lot of growth potential in this industry. It’s such a young industry that it’s not really well known. With the internet growing at alarming rates, it’s only a matter of time before Freebie Trading is a common term.
In terms of what’s next for me, we are constantly expanding CaliStyle101. In fact, we just purchased a Freebie Network called Prizefast and are working on building that to be one of the best Freebie Networks in the industry. We’re excited about the possibilities, because they are endless. If anyone is interested in learning more about Freebie Trading, I would invite them to watch our Free Video Tutorials at CaliStyle101. It’s a community with over 27,000 members and is growing on a daily basis. So check it out and see if Freebie Trading is right for you.
Thanks for your great responses, Leslie. If you have a question for Leslie, fire away in the comments below…