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gallery
09-10-2000, 01:01 AM
Are thay legit ? Do they pay ?

It seems to good to be true ...

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sdarken
09-10-2000, 01:14 AM
I agree, sounds too good to be true but might be worth a try just in case it's legitimate. Some of these sorts of things are good for a while, until they become too popular. Paying $10 for each new email address is about 20 times the going rate.

I haven't seen the sorts of questions they ask new subscribers yet but I presume that they will request a huge amount of personal info if they intend to try and make a profitable business out of targetted email.

- Simon


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Edwin
09-10-2000, 06:42 AM
As always, the devil's in the details.

In this case, you only get your $10 referral bonus when the person you referred becomes an "active" member of the community.

To become an active member, they have to have claimed a payment.

To claim a payment, they have to have earned at least $50.

However, they cannot count their referrals towards their $50 either (for the same reason as you, they are not receiving their bonus yet...)

Please read the above two or three times before reading on, and make sure it makes sense!

SO the only way to claim $50 is to have earned it through responding to ads. It is not yet clear how much work this involves, but I suspect it will be a huge effort! And since Inboxcash.com pays 50% of its advertiser income to members, by the time you've earned $50 they will have earned $100 (by definition) and so if they then have to pay the person who referred you $10 they are still very far ahead of the game.

Let's do the math again:-

You refer somebody. You get a theoretical credit of $10. However, that $10 is not payable until that person earns $50 - but they can't earn it through referrals. Or at least, not directly through referrals. At some point, the chain stops and somebody has to respond to how ever many 10s or 100s of email ads it takes to collect $50. At which point the chain starts to work its way backwards, since the person who referred that person will then get $10, and if you referred the person who just got $10, well you're 1/5 of the way towards seeing your own money.

Very clever. I'm sure it's legal. I'm also sure virtually nobody will ever see any money at all. Finally, if it does work out for some people, you can bet that inboxcash.com has earned at least 4x your $10 before paying your $10.

Unless I've grossly misread something, I've cracked the code... you read it here first, folks!

As an aside, I'm going to run this for 2-3 days on my site, just in case it turns out to be another AllAdvantage where the first few thousand people actually saw cheques with real numbers on them by standing on the backs of the millions who came after and who essentially earned little or nothing.

Then I'm going to go back to my regular ads and forget this for a few weeks, then check to see if any of my referrals became real.

Hope this helps you make the right decision.

Edwin

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WildComputer
09-10-2000, 07:58 AM
Good comments Edwin,

I think there is more too it, even if you take it at face value:

From advertising info page: http://www.inboxcash.com/adverts.htm

we also allow our users to select the minimum amount an advertiser should pay to reach them.


From How it works http://www.inboxcash.com/howitworks.htm

You tell us how much you want to be paid.

We give you the opportunity to choose how much you want to be paid for receiving an e-mail advertisement, filling out a survey, signing up or visiting one of our advertisers web sites.



Earn up to $10 per e-mail.

When we have an advertisement which matches your profile and cost we will send it to you when your next e-mail is due. If for whatever reason we do not have a match we will send you a random advert that may or may not be of interest. For these adverts you will receive up to $10.


From the FAQ: http://www.inboxcash.com/faq.htm

When you sign up with inboxcash.com you get to decide how much you want advertisers to pay to reach you. $0.01, $0.05, $0.10, $0.50, $1, $2, $5 or $10. You tell us how much you expect to receive and we will only send you e-mails that match.


The way I read this is

(a) When a member signs up, the user elects to choose how much of their time it's worth to respond to an email from $0.01 to up to $10.

(b) When an advertiser signs up, they elect how much they're willing to pay per address

(c) You (mostly?) only receive e-mail where the advertising is only paying at least as much as you rated your time in (a).

The question is whether advertisrs will pay $10 per e-mail address to reach somebody...would you?

Forgive me but I am unconvinced, and remain a skeptic


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[This message has been edited by WildComputer (edited 09-10-2000).]

Edwin
09-10-2000, 03:30 PM
No, you're quite right - which makes it even more unlikely that anyone will ever reach the $50 minimum.

It's interesting... the site leapt into the Top 2000 sites on the web on PCDataOnline in August after never having ranked before. The latest stats (for last week) show it receiving 232,000 unique visitors for the week.

So they're obviously tricking an awful lot of visitors.

Note also in the very, very small print of their terms and conditions that you automatically get disqualified if you post details of your performance with them anywhere!

Edwin

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WildComputer
09-10-2000, 03:58 PM
From the terms

For each paid advertisement the member will receive 50% of the cost to the advertiser.


So if you want to get paid $10 per e-mail, they've got to find an advertiser willing to pay $20 per address.

An advertising rate of $20,000 CPM

sdarken
09-10-2000, 07:23 PM
Thanks for catching that obscure definition of an 'active' account. It really changes my opinion. I don't think this program is worth anybody's time after reading that.

The way I see it, the average person is going to set their minimum payment at something ridiculous like $5 or $10 per email and will never receive any paying emails.

If people set their payment at 5cents they might actually receive some emails and, in theory, they could eventually get to the payout level. Even at 5cents per email address, an advertiser is going to be paying a $100/CPM.

Also, what's this bit about? :
"When we have an advertisement which matches your profile and cost we will send it to you when your next e-mail is due. If for whatever reason we do not have a match we will send you a random advert that may or may not be of interest. For these adverts you will receive up to $10."

The way I read this is that the emails will be sent regularly but when they decide that your profile dosen't match an advertiser's needs, that gives them the right to send you any email they like which will be worth whatever the adveriser is willing to pay (like 1 cent/email I bet).

- Simon




------------------
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BigStars4U.Com (http://www.bigstars4u.com) - Rising Stars in the Worlds of Movies, Music and T.V

Edwin
09-10-2000, 09:11 PM
It gets even better (worse?). Again, from their Terms and Conditions:-

"Any Members who wish to terminate their Membership can do so by logging into their account. By terminating Membership, they agree to forfeit all the accumulated cash rewards and will not receive paid email from Inboxcash.com further more. "

The grammatical mistakes are copied verbatim, by the way. What this means is that if you get fed up of being bombarded with ads for month after month after month, desperately waiting for somebody somewhere to kick over the $50 minimum so that you get a $10 referral payment, and cancel your account, you lose ALL the potential money.

I wish there was a central online Better Business Bureau that these guys could be reported to. I hate this kind of deception!

Edwin

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gallery
09-10-2000, 09:58 PM
I totally agree with you guys.

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