Forums: Discussions for entrepreneurs and small business.

You could say I have a passion for saving money and earning reward points. Everything from bestbuy reward zone, mens wearhouse to my capital one credit card. Myself along with friends and family love their credit cards and we tend to have one for just about everything and use them religiously. No, we are not in credit card debt. We pay'em off every month.

 

I decided to take that interest and build a business around it using affiliate marketing, so here it is. The beautty of affiliate marketing is that I can get involved at a very low cost and most are free to join.

Unlike 99% of affiliate programs, they work long and hard to send customers to the parent company but never see that customer again and why should they? They're simply a middle man.

My idea is to offer an annual subscription around $85 that will enable my members to earn points when they purchase off my affiliate website. By splitting the commission with my members by 50%, that 50% in $ value gets converted into points that they can save up and redeem on anything they want and can even be converted into skymiles.

The points will never expire either!, and 1$ = 1point, so its easy to know how much you have saved and accumulated in points.

So, how does a memeber actually get points? It's easy.

1. They go to my website and pay to download a verification code (which is basically the membership fee).

2. They then call or email us the code and we send them their membership ID number. ( no physical cards are sent)

3. Once they make a purchase on our affilate site, they need to either print out or email us a copy of their receipt with their ID number written on the receipt or in the email.

And thats it!. We calculate our commission from the total on the receipt and give 50% of that to the member in the form of points.

 

I would ONLY affiliate with name brand companies. None of that BS you'll see on clickbank.

I'll probably start out with a travel related affiliate network and expand from there. Partnering with companies like Delta, and Marriott.

Richard Branson is one of my favorite entrepreneurs. Eventually I want a company like Virgin that has companies spread across all kinds of industries.

The rewards program will be integrated with all the other companies so thats the beauty of it. Not all these companies will be affiliate related. Some will be private LLCs that I start later in the future.

 

Questions, comments? 

 

thanks

 

 

 

 

 

 

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I know I'm not the only one here that likes loyalty programs!..

It's a 48 billion dollar industry. Need opinions.

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Those programs arn't exactly related to what im trying to do. Those all seem like pyramid schemes. 

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It would be nice if I could get some feed back to see what people think. Do you guys not understand what I'm trying to do ? Am I not communicating the idea good enough because if so please let me know.

 

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Bump.

 

A better way of describing this is instead of saying its a reward program, its more like a

profit-sharing plan with added benefits.

 

Still need feedback on the idea.

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