Passive income is every budget's best friend.
Let's talk super practically about how we can get you some--every month, from here on out.
Upon new users installing BudgetForLife from the Google Sheets Marketplace, a short form will pop up asking them who referred them. They'll credit you by providing your email, or a different referral code if you have contacted us to establish one. Feel free to confirm with us whether you have received credit when someone you know joins BFL--we want you to earn every dollar you deserve!
At first referral, we automatically begin internally tracking your budget network and your recurring revenue. We calculate your earnings from those who you refer all the way to 5 generations who those referrals ultimately refer. It probably pays well to be an well-networked or extroverted or money-inclined person, but it also pays to know one, or to know someone who knows someone who knows one. You don't have to be the lion to get a good dinner in this game :)
After completing a 3 month free trial, budgeters will make their first payment to BudgetForLife. Your monthly income will begin at that point, within 30 days of users' first payments. We pay via PayPal to the email associated with your referral (or to a different PayPal address you direct us to). If subscribers pay monthly, we will send you your cut monthly. If subscribers pay annually, we will prorate monthly as well (this is primarily to protect you from chargebacks should we ever receive a refund request).
So long as budgeters keep using BudgetForLife, we will keep paying you--for as long as you (and BudgetForLife) live! What's not to like?
Let's talk super practically about how we can get you some--every month, from here on out.
Upon new users installing BudgetForLife from the Google Sheets Marketplace, a short form will pop up asking them who referred them. They'll credit you by providing your email, or a different referral code if you have contacted us to establish one. Feel free to confirm with us whether you have received credit when someone you know joins BFL--we want you to earn every dollar you deserve!
At first referral, we automatically begin internally tracking your budget network and your recurring revenue. We calculate your earnings from those who you refer all the way to 5 generations who those referrals ultimately refer. It probably pays well to be an well-networked or extroverted or money-inclined person, but it also pays to know one, or to know someone who knows someone who knows one. You don't have to be the lion to get a good dinner in this game :)
After completing a 3 month free trial, budgeters will make their first payment to BudgetForLife. Your monthly income will begin at that point, within 30 days of users' first payments. We pay via PayPal to the email associated with your referral (or to a different PayPal address you direct us to). If subscribers pay monthly, we will send you your cut monthly. If subscribers pay annually, we will prorate monthly as well (this is primarily to protect you from chargebacks should we ever receive a refund request).
So long as budgeters keep using BudgetForLife, we will keep paying you--for as long as you (and BudgetForLife) live! What's not to like?
FAQs
- Q: What if I refer someone and they don't credit me?
A: Let us know! We can manually adjust our records to credit you for that referral and the associated generational referrals. This assumes that they did not fill out our referral form or left that question blank. If they credited someone else for referring them, we will not be able to credit you as well. - Q: I referred someone, when will I start getting paid?
A: You should receive payments every month, beginning in month 4 of the user's subscription (i.e., after they finish their free trial period). If you haven't, feel free to confirm with us whether your referral is subscribed to BudgetForLife and whether they gave you credit for referring. - Q: What happens if someone I referred cancels their subscription?
A: Your passive income stream from that specific person will stop if they stop paying for BudgetForLife. However, you will still receive your monthly payouts for any generational referrals associated with the user who cancelled. - Q: What happens if someone I referred asks for a refund?
A: We will refund monthly subscribers 100% of their most recent month's pay. Annual subscribers will receive a prorated equivalent refund. In this scenario, should a user pay us $6, and we send you $3, but then ultimately the user requests a full $6 refund, we will never ask you to refund us your $3 portion associated with that refund. Instead, will would deduct $3 from your next payout from BudgetForLife. In either case, your passive income stream from that specific person will stop upon their refund & cancellation, but you will continue to receive associated generational referrals, as in the scenario in the previous question. - Q: Do I have to subscribe to BudgetForLife to participate in BFL Passive Income?
A: Nope! Familiarizing yourself will probably help you better promote it to others, but it is not a requirement. Even if you were a subscriber and then later cancel, your income stream will not be affected whatsoever. We're not some scammy MLM over here! - Q: How can I receive payment if I don't have PayPal?
A: Unfortunately, PayPal is currently our only available method for payouts. If you can't open an account, perhaps ask a trusted friend to use theirs? Lol :) - Q: Can you tell me more about the income illustration?
- A: Sure! The illustration communicates projected revenues as well as tier-specific information.
The Budgeter tier is where all partners begin--receiving 50% of all referral revenue. This illustration displays a Budgeter who refers two people in their first year and never again refers anyone to BFL. Obviously, Budgeters could make more than this by simply referring more people over time.
The Financier tier requires that program participants have referred 4 people within the most recent 12 months. However, the tier illustration displays a Financier who makes 8 net referrals each year, i.e., after factoring any attrition. The table assumes new users refer one person in their year and one additional user every two years after that. Of course, these assumptions are averages. In reality, we expect many users to never refer anyone and for others to refer dozens.
We imagine Financiers would have to put modest levels of consistent thought behind referring in order to continue reaching a couple new users each year. As incentive, they earn a higher % revenue from everyone they refer, and unlock the generational impact of their referring as well.
The Magnate tier requires that program participants refer 120 people within the most recent 12 months (i.e., 10/month), OR referred just 5 budgeters who become Financiers or Magnates in their own right. The illustration is based on exactly 120 individuals, who are broken down by groups of 10 in the same method as the Financier illustration. We imagine Magnates, unless independently having a large following, would put considerable thought and effort, as well as probably even assuming some costs (running FB adds, hosting events, networking associations, etc.) in order to maximize both referring new users and the recruiting & training others. They likely would derive motivation from the positive impact that BFL has on people's lives, the income potential they could capitalize on, and lifestyle benefits that working for themselves via an internet-based service would provide. - Q: What happens if I make the Financier or Magnate tier but then later fall out?
A: Good question! You'll continue receiving passive income associated with the highest tier that you currently quality for. For example, if a Financier who referred a total of 20 users in their history goes 12 months without 4 new referrals, they would still continue earning passive income at the 50% Budgeter rate for all 20 of those users. Would you be upset that you put forth effort in referring those 20 people if you continued earning $1200 every year as a result of that activity? We want BFL Passive Income to incentivize continued referring & recruiting, while still remaining totally rewarding for those who are ready to sit back and receive the perpetual fruits of their labor. Here's what's even better: if you decide you wanted to jump back in and reascend to Financier, we'll restore 100% of the credit for any associated generational referrals as well. So everyone that your 20 referrals have referred, down to 5 generations, you'll start getting paid for every month as if you had never left that tier. Trust us: that is unheard of. - Q: How hard is it to make the Financier or Magnate tier? How attainable are your illustration's assumptions?
A: Ultimately, everyone is different, and the difficulty or ease of certain thresholds varies for each of us in different ways. At this stage of BFL Passive Income, we do not possess any historical referral data to go by. We attempted to illustrate optimistically but plausibly. We feel that at every stage, there is a real path to not only achieving the projected figures, but far exceeding them, even for normal people like you and me. However, we don't yet know in percentage terms how likely or achievable any particular outcome is for program participants, and we may learn down the road that some assumptions we made were unrealistic in some way.
That said, it's also possible that one day BFL develops a suite of additional products that you would be first in line to cross-promote to your network, further driving your revenue. It's even possible that one day BFL costs twice as much, and that you immediately see your payouts double as a result. There are no shortage of upside catalysts at this stage in the game, but we simply don't know how easy or hard it will be for people to capitalize on it. What we do know is that BudgetForLife is an incredible product that serves a certain population of people far better than any of its competitors, we have decade-long budget users to show for it, and it doesn't cost a dime to give BFL Passive Income a shot
More Questions?
Contact us if we forgot any important details, and thank you for giving our BFL Passive Income a try! We're honored to serve you and hope you continue to reach amazing milestones with BudgetForLife :)