Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Wednesday, 31 December 2014

My NeoBux Strategy Part 1

I decided to write about my NeoBux strategy so far and I have decided to title it Part 1 because it is my opinion on the best strategy to have in NeoBux so far.

I started out as a standard member and I did a lot of mini jobs so that I would quickly have enough money to rent my first 3 referrals and it worked out pretty well for me. I rented them and doing mini jobs for a while also helped me maintain those referrals. I have now stopped doing them because I just do not like spending the time for so little money any more but I recommend it to people who are just starting out.

I have invested some money now but I think the biggest mistake I made was just investing money on getting new referrals when a better approach would have been to just invest in golden membership. Why is that? Well, I have realized that you do not really make a profit until you have a golden membership. It more than doubles your earnings.

Take note of the increase in you golden fixed adverts from $0.001 to $0.01 per click. Remember that these are the 4 adverts that you have to click every day to receive from your referrals tomorrow. I have gotten to a point where they are the only adverts I click in a day because the rest are too much effort (besides for the odd standard exposure ones that pop up occasionally). Remember that when you upgrade to golden you also get 9 of these ads instead of the usual 4. More importantly, take note of the fact that your golden fixed ads also generate double the income from rented referrals. This is where the real increase in how much you make takes place.

Okay. Let's take a few steps back now and I will explain my recommended strategy for 2 types of people: 1) People who do not want to invest a cent and 2) People who do want to invest some money.

1) If you are a standard member with no investment, my advice may surprise you because it is quite contrary to other people and the advice they have given. Do not put a lot of time and money into recycling referrals! I have found that recycling referrals every 3 days or so is much too frequent because it gets rid of them too soon and costs money. While the fact that referrals are automatically (and freely!) recycled once every 2 weeks may seem like too long a wait, it is actually quite perfect because it sorts out the good from the bad in the long run which is actually what really matters. Also take note that you need all the money you earn from referrals (which is not that much) to renew those referrals that you have so that they do not expire (obviously) and also to buy new referrals so that you will get more money in the future. Once you reach the maximum of 300 referrals as a standard member, keep renewing referrals but save every cent that you get on top of those costs until you have $90 to buy golden membership. Remember that it has to be in your main balance so do not transfer it to your rental balance. If you are trying to buy referrals or extend them, NeoBux will allow you to deduct it from your main balance so do not stress.

Just another point on renewing referrals. Put AutoPay on which extends referrals automatically when they click. Remember that it only works for referrals that have 20 days or more left. When referrals get to 20 days, extend them for another 30. Check every day and just look for people with 20 days left to extend. I say this because it is just too difficult to extend for more days. Even though it is more profitable, you need to invest a lot to make it work without bankrupting yourself first. 

2) If you have a bit of money to invest then that is good. You can invest in some referrals if you wish but the most important thing is golden membership so even if that is the only thing you invest in then please do it.

When you have golden membership and about 200 referrals, you will be earning around $7 - $10 a week. This means at the end of the week after renewing all the referrals of that day and all the others during the week, you will have that left. My advice from this point is that you can cash out half of what you earn and spend the other half on new referrals.