Recent start up refer.ly aims to do just this. There is a hidden 3 billion dollar revenue stream for affiliate marketing systems. One of which I mentioned, skimlinks, in an earlier post. The most interesting part of this start is the angel which it takes. Instead of focusing on the semiprofessional and professional content provider it focuses on the non professional. Refer.ly aims to monetize the average everyday product referral that everyone does anyway.
The system is rather simple. The referrer shares a link. Any items then bought through those link are counted and the referrer gets a small percentage of up to ten percent, though generally lower. When the user makes at least ten dollars they can, “take it out, donate it charity or share it with friends.” (Though I don’t know that I would do the latter).
One may think there is no way that I can make a living just off of the normal everyday interactions that I make. And one would be correct. But while you may not make a million dollars, it’s free money. And I personally love free money. For right now the company is not even taking a cut, all of the money is going to the users. Techcrunch reports, “Morrill said she doesn’t expect Refer.ly users to make a living off the product. She’s just launching today to see how the market responds.”Read More