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Tuesday, April 20, 2010

My Mr. Rebates Story

Discovering Residual Income with Mr. Rebates

Sometime during 2006 I discovered cash back sites. I'm not a big shopper, but I like to do as much shopping as possible online so I was excited to learn of a way to make some money on back on that. I immediately joined several popular cash back sites. Mr. Rebates was one of these. Whenever I needed to do shopping online I did my best to visit one of these sites so I could get my cash back rewards.

So every few months I'd get a little check or a Paypal deposit for my online shopping. It wasn't much (as I said, I'm not a big shopper). But while I was enjoying my little shopping rebates, I started to notice that my referral earnings from Mr. Rebates, were becoming more regular. I had written a blog post or two about the site and it seems people were stumbling across it and signing up as my referral. That meant I earned 20% of whatever their rebates were (no shopping on my end required). And since some of them were doing repeat shopping through Mr. Rebates I had a little trickle of residual income beginning because I earned a 20% "commission" for every purchase they made.

My Mr. Rebates Payouts

When I would accrue a little bit of money, I would request a payout from Mr. Rebates. ($19.33 in January '09, $41.00 in March of '09, and $99.70 in September of '09). As these referral commission became more regular, I began requesting a payout from Mr. Rebates each month. For the past five months my payouts have looked like this:
  • November '09: $115.81
  • December '09: $240.74
  • January '10: $83.85
  • February '10: $62.47
  • March '10: $110.41
That's over $600. And while I won't exactly retire on that kind of money, I'm excited about it for two reasons:
  1. The earnings are starting to take hold and grow. I've gone from getting a rebate a few times a year, to requesting a monthly payout on a regular basis and the numbers are more significant.
  2. It represents completely passive income (or residual income). Less than $3 of that $600 were rebates on my own shopping. (Have I mentioned that I'm not a big shopper? ;-)) Even if I never referred another person to Mr. Rebates, some of my current referrals would continue to shop and make me money.
But I do plan to refer more people to Mr. Rebates and I think you should as well. You need to know that Mr. Rebates is completely free to use. You'll get a $5 bonus just for signing up (you're already halfway to your first payout), and it's accredited with the Better Business Bureau.

How to Get Started Creating Residual Income with Mr. Rebates

My suggestion for getting started with Mr. Rebates is as follows:
  1. Sign up for a free Mr. Rebates account.
  2. Explore the site and make a small purchase yourself. (There are over 2000 stores so you can choose something small and something you would probably already be buying.)
  3. Once you have a feel for the site, begin referring others through your choice of both online and offline methods. There are tools on the Mr. Rebates site to help you.
It's really not difficult or time-consuming, and that is something you want to look for in a residual income opportunity. Best of luck to you! Let me know if you have any questions!

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