Here is the truth about ZipNadaZilch AKA ZNZ. No punches held.
ZNZ is a company in the Houston TX area which offers individuals the chance to share in what's called affiliate marketing commissions. One way online businesses make money is to pay commissions out to people or companies that drive new customers to their website and perform some type of interested customer action.
An interested customer action can be anything from registering with the website to beginning a trial with a product or service to a paid membership. The commissions paid out by these online businesses, range from $5 to $50.
ZNZ shares this commission with you when you help them get a referral. If you refer someone to their website and that person signs-up with the referral code you gave them and finishes enough offers to satisfy ZNZ, you get paid.
An offer is one business which your referral agrees to try. Most of your referrals will have to complete 4 to 6 offers on the average to satisfy ZNZ. The $60 site requires 6 to 10 offers.
How do you get people to use your referral code, thereby getting you paid. Well, it is mostly accomplished through freebie websites like "Anything4Free" which happens to be the biggest and best-est freebie forum.
It is called freebie trading. Traders will pay to have newbies use their referral codes. The traders will share a part of their payment from ZNZ to the newbie. Some pay low and some pay almost all of the payment because they are entered into contests which pay decent money.
Another way is to post one's referral link all over the internet.
And yet another method is to sign-up with the Internet Money Machine which is approved my ZNZ though ZNZ doesn't have any association with IMM or support it internally.
Now for the bad...
75% of the companies listed on ZNZ's website, do business in an unethical manner and are set-up to profit from human error. These are all the late night infomercial companies hawking weight loss and beauty products.
Or credit monitoring companies offering free trials, hoping you forget to cancel so they can bill you. There are some good ones like Netflix, Gamefly and some of the book clubs but overall the products and services are way overpriced junk.
These companies have done the numbers and know that a certain amount of people will forget to cancel, therefore allowing them to charge those outrageous fees.
For example, if someone forgets to cancel their Hydroxatone order, they will be billed over $150 for 2,2 oz's or two tiny little jars of face cream. And the orders will keep coming until the poor soul cancels.
Further problems...
Due to some people taking advantage of the system, ZNZ has had to clamp down on certain things. They are really on a no gift or prepaid card campaign.
See, ZNZ knows that people have gotten around the system with prepaid and gift cards. People basically would order a trial. Get paid and say "screw you" to the trials. They were fine with this until they started losing to many commissions.
So if ZNZ thinks someone is using a prep-paid card they will ban them. The companies are adjusting their payment software to bounce out payments from these type of cards as well. I'm not so sure this is legal though. Companies are not supposed to deny product or service based on payment method.
The other concern is what ZNZ does with commissions from banned people. If they keep those commissions, isn't that just as bad as the person who got them under false pretense or broken rules? It may be criminal if ZNZ is targeting certain people for the purpose of keeping monies.
To recoup losses ZNZ has greatly increased their identity checks and enforcement of rules. They have also had to lower their offer percentages. What used to pay 35% is now paying 25% and they cost more.
Are the offers free...
Not anymore folks. Well there are still a couple but for the most part, each offer costs from $3 to $10. It will cost about $20 to $30 for each referral link now compared to Free to $7 last year.
Final Thoughts...
ZNZ has fallen from grace in the past year or two. Not all their fault as they deal in a poorly premised business theory. Pay someone to try your product. If I pay you $10 to try my service for free for a month, how many people will be drawn to you for the service or for the money?
There are other companies out there which one should research and I highly advise until the heat comes of ZNZ.
0 comments