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Is "Free Money" Promotion Still Effective?

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happietappy

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What i mean by "Free Money" is those typically promotion you normally see with payment company, sales website, trading website etc where they usually state that signup and get free $$$ in your account.
Usually these is just some sorta marketing tactics e.g you actually get paid from money they make from you or in some cases the term and conditions is so unfavorable.
Most Internet savvy are already aware that this are just marketing strategies but am still curious to know if anyone have any idea how effective this strategy is.
 

Stoffy

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What i mean by "Free Money" is those typically promotion you normally see with payment company, sales website, trading website etc where they usually state that signup and get free $$$ in your account.
Usually these is just some sorta marketing tactics e.g you actually get paid from money they make from you or in some cases the term and conditions is so unfavorable.
Most Internet savvy are already aware that this are just marketing strategies but am still curious to know if anyone have any idea how effective this strategy is.
I think it depends how much we are talking about. For me referral % promised are more important then free sign-up money :)
 

ToHkaTa

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The life teached me one thing - "there is no free lunch". There is allways a catch of something that you need to do to take this money in your pocket.
The lazy man works twice, and the miser pays two times.
 

Rainer

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I think these free money campaigns are still effective and even profitable if done right.
In case of payment providers, if you want to attract loads of users and turn them into money-making users by giving them some cash to start off with, you have to make them jump through some hoops like verifying their ID or bank accounts and while they're at it you have to shove some attractive marketing messages down their throats in hopes of them staying with you instead of running off with cash. For example you can offer them debit cards that can exchange currencies in an instant at affordable rates compared to traditional banks (TransferWise debit card) or tell them that they can save on transaction fees by using your service to pay at popular online stores. Great example of such marketing is PayPal when they launched in 1999 and offered upwards of $20 for signing up and verifying your bank account. Read more here. Wrong way of doing such marketing is just letting people run off with the money or forcing them to, for example, spend 200 dollars to get 5 dollars of cashback.
In case of GPT sites most recent example is GG2U which pays you $1 if you sign up with them and earn $6 with their wide variety of offer walls to reach the minimum payout rate of $7. TimeBucks also did something similiar but compared to GG2U they made it kinda hard to reach the minimum payout limit for non-US people by having an inexsistent choice of offer walls. Another thing to point out at GG2U is their GG2U premium program where you have to sign up with someone's referral link if you want to get paid at premium rates.
 

dadayli

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well , it's still working , but it depends on the public you're targeting , if people are smart enough , they won't even bother touching the ad .
 

kicktracer011

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If you are thinking to promote with free money, yes it definitely works. I have a couple offers on my website and I get the most clicks on banners that promise a free sign up bonus.

You just gotta hook someone in and let them know the platform so your chances are bigger they will stay around.

Stupid but true, people dont really care that they can get more at another website for doing the same effort. They want the money NOW.

Usually these free money offers want you to do something in return, but a lot of people will do it simply because the website keeps dangling the free money offer before their eyes.
 

Harvey

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What i mean by "Free Money" is those typically promotion you normally see with payment company, sales website, trading website etc where they usually state that signup and get free $$$ in your account.
Usually these is just some sorta marketing tactics e.g you actually get paid from money they make from you or in some cases the term and conditions is so unfavorable.
Most Internet savvy are already aware that this are just marketing strategies but am still curious to know if anyone have any idea how effective this strategy is.
When I do binary trading in Olymp Trade, the're giving a bonus depending on my deposits. This is effective cause the trader will have a free money to lose or win. As for gambling sites, even they give a huge bonus, this is only effective for people who are in gambling.
 

Brain

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It will work if the targeted Audiences are interested in your promotions. Personally,I wouldn't take a second look on ads about surgery for any form of enhancement even if it comes with free money. So it works better if one can get exact target Audiences.
 

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