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Old 08-18-2009, 12:36 AM   #1
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Default Rewards1 Referral Scheme Update!

Alright guys this is probably one of the largest and most important changes we've done to Rewards1. At the starting of September we will be changing the referral scheme for Rewards1 into a tiered system and removing the refer-a-thon. The new referral system will work as follows: At the end of each month users that get above 50 active referrals will have a referral bonus of 25% for the MONTH FOLLOWING and users that get above 200 active referrals will have a referral bonus of 30% for the MONTH FOLLOWING. If you calculate the extra gains, a 25% or 30% referral bonus pretty much translates to a 25% or 50% gain in your earnings.

Before everyone goes crazy over the fact that we've removed the refer-a-thon, we want to explain just why this system is better. For the most part users that win the refer-a-thon are only in the top 10 and can only win set amounts. Using the new system ANY user that refers a sufficient amount can earn extra cash from the percentage gain alone.

Using some made up numbers we can see the gains. Assume a user earns $20 a month and gets over 50 active referrals. If his referral earnings remain static then he would be earning $20 + $5 REGARDLESS of whether or not he places in the refer-a-thon. If this same user actually earns $20 a month but gets over 200 active referrals (and therefore 30% referral bonus) he would be earning $20 + $10 assuming his monthly earnings remain static. A good rule of thumb to calculating what you will earn instead is to multiply your monthly earnings by 1.25 OR 1.5 depending on whether you obtain a 25% or a 30% referral bonus.

Using our example calculations, and our rules on how to place into these new tiers, there can be any number of winners. If you try hard enough with your referral earnings you can earn a good chunk more than you normally would! Its a win-win situation for everyone in the end.

I believe the last issue to address is that, although we are removing the refer-a-thon, contests may still happen every now and then. It is simply the fact that we will not be having a standing contest that users can place at the end of the month.

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Old 08-18-2009, 12:39 AM   #2
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Talk about math :'( Honestly, my brain is spinning lol
Anyways, um.. First post :)
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Old 08-18-2009, 12:43 AM   #3
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Talk about math :'( Honestly, my brain is spinning lol
Anyways, um.. First post :)
lol sorry >< was my example too complicated ^^?
hehe, any questions then feel free to ask.

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Old 08-18-2009, 12:44 AM   #4
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Wait....people still use Rewards1? O_o
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Old 08-18-2009, 12:48 AM   #5
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lol sorry >< was my example too complicated ^^?
hehe, any questions then feel free to ask.

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Yeah, but no worries !
Here's a question, are the referral earnings percentage permanent once we've reached the goal?
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Old 08-18-2009, 12:50 AM   #6
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Yeah, that was confusing, but I think I understand it anyway.
Yeah, it's ok.
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We should have something like a official Rewards1 meetup
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And do what? Mine silver for 6 hours?
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Old 08-18-2009, 12:51 AM   #7
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Quote:
Originally Posted by Pingo View Post
Wait....people still use Rewards1? O_o
Yes,

This look like a good referral system.
Nice but i just don't know how to feel
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Old 08-18-2009, 12:51 AM   #8
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Yeah, but no worries !
Here's a question, are the referral earnings percentage permanent once we've reached the goal?
Nope, its per month, you need to keep it up if you wanna keep the percentage
for most steady users though its not too big of a problem

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Old 08-18-2009, 12:53 AM   #9
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Yes,

This look like a good referral system.
Nice
glad you like it ;P and hope you keep at it hehe

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Old 08-18-2009, 12:56 AM   #10
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i think it sucks but, at lest i will make a bit more.
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