By Day 17 of “The Amazing Tale“ it appears NerdBux has “gone hockey stick,” far surpassing the other three Pay-To-Clicks in daily income.
What caused this rapid take-off? Two words: Renting Referrals.
In the previous episode (“Upgrades and Referrals“) we saw the effects of upgrading in ClixSense, and renting referrals in NerdBux. Cost to rent 100 referrals at NerdBux was $20. Over the past week since purchase my income in NerdBux has been averaging about 35¢ per day. That’s up from the slightly less than 3¢ per day I was earning on my own.
EARNINGS
$5.79
So by renting referrals, I am earning about 10 times as much as I could on my own.
IS IT PROFITABLE?
After 7 days of renting, I ask myself… “Is it profitable?”
I paid $20 to rent 100 referrals for 30 days. After 30 days those referrals go away unless I continue to rent them. So the profitability question is important. Can I earn at least $20 in 30 days? Let’s do the simple calculation:
INCOME: 35¢ * 30 days = $10.50
Uh oh. In spite of that happy-looking chart up there, if I don’t do something, I will be losing money! I need to at least double the productivity of my referrals, or reduce the rental cost, or both.
Turns out I can do both quite easily.
AUTO-RENEWING IS CHEAPER
There is a more affordable way to rent referrals — and keep the best ones. It’s called AutoRenew, and I enabled it immediately upon renting this batch of 100 referrals.
AutoRenew automatically renews any referral for another 30 days when they click an ad. This is the way to automatically keep your good clickers and identify the deadbeats. NerdBux also permits you to replace any non-clicking referrals at no cost after 14 days. (You can also recycle referrals any time for a small fee.) By using these features, you can incrementally improve the productivity of your referral pool.
My auto-renewal cost for the first week was running about 52¢ per day.
EXPENSE: 52¢ * 30 days = $15.60
So the ongoing cost to rent 100 referrals (and keep the best ones) is $15.60 every 30 days. I’ve cut $4.40 in expenses. But that still doesn’t get me to profitability.
DOUBLE THE INCOME
Let’s take another look at upgrading. I can double the income from my referrals just by upgrading in NerdBux. The upgrade cost is $50 per year. If I do that, I’d be earning 70¢ per day instead of 35¢ per day.
BETTER INCOME: 70¢ * 30 days = $21.00
A monthly income of $21.00 and a monthly expense of $15.60 nets me a monthly profit of $4.40 in NerdBux. I can likely keep improving my profit by recycling my deadbeat referrals who aren’t clicking, replacing them with new ones, and keeping the ones who continue to do the most clicking.
What do you think — Should I go for the $50 annual upgrade? Tell me what you’d do, and what you think I should do. And in another week I’ll let you know what I decided to do.
Hello Peter
As you know, I took the plunge and purchased the annual upgrade. So far it has worked well and I earned it back after 7 weeks. I also initially rented 130 refs. Over the course of 45 days, I whittled them down to a solid 50 that are clicking. I have now earned nearly $90 and spent $80 to do so. At the present pace I will net $35 per month ($45 earned per month less $10 for renting) I would most definitely suggest that you take the upgrade.
Great analysis, Adam. And I’m glad to hear how it’s working out.
I should mention that I have 56 direct referrals thus far, which are adding to my daily average. I got them by trading tokens for the CTP spotlight page on 3 occasions and by purchasing ads on the Clixsense Clixgrid with Clixsense earnings.
Are you including the advertising as part of your expenses? The CTP tokens are worth about 50¢ each, the ClixGrid best price is currently 45¢ per day. 56 direct referrals — that’s great!
Good point, no I haven’t counted the advertising. I paid $11 for 15 days on the Clixgrid. The estimate of my profit with Nerdbux is based on $1.50 per day. Lately I have been earning more than $2.00 a day so that does fluctuate a little. I hope they keep 80 ads on there, that is a very good number.
I’m still not sold on this yet. I’ve been doing this every day & all I can keep thinking is how much I am capable of making in an hour and it’s certainly more than $2 a day. Maybe I’m not seeing the big picture. Right now I’m out of work, so I have the time to investigate this further– it pays more than solitaire on the home computer.
Suzanna, over time your own clicks earning $2 for an hour’s time will pale in comparison to the clicks from your referrals.
If it’s not clear to you yet, the way to earn more substantial money in Pay-To-Click is with referrals. You can get direct referrals through advertising (this is likely to be slow) or you can rent referrals (much faster.) But as I describe in this blog post, renting referrals is not always profitable. So developing a keen business analysis about the options available to you can make a big difference in the outcome.
You can see in the comments above that Adam Brockie has about half direct and half rented referrals. So far (Day 17) almost all my referrals are rented.