As part of my withdraw $1000 profit from Neobux challenge I am planning to increase the daily earnings to $20 per day. I currently earn between $4 – $4.50 per day with 843 rented referrals, so how will I increase it?
There are 3 main ways to increase daily earnings on Neobux:
- Add more rented referrals
- Add more direct referrals
- Increase the average click rate of the rented referrals I already have.
Today I am going to discuss testing the theory of recycling rented referrals to increase the average click rate.
Just in case you don’t know already, recycling rented referrals on Neobux means swapping 1 for another. It makes sense that you would want to remove and replace rented referrals who are not profitable, and if the replacement is more active, then you will increase daily earnings.
However, to recycle rented referrals costs $0.06 for each one. That is unless you allow the system to do it for you after 14 days of inactivity, when it is done for free. This means it is very easy to actually cost yourself more money than you gain – If the replacement rented referral is not more active than the one you recycled then it would have been better to wait for the auto recycle to do it for free.
To test the recycling theory, and find out if it is actually worth paying for, I am going to conduct a simple test:
My Recycling Test
Recycling 10 Rented Referrals per day will cost $0.60 daily. For this to be worthwhile it needs to increase my daily income by more than $0.60 per day. To measure the difference made I will calculate my daily average earnings for a 10 day period, before starting to recycle and again during the recycling period. Here are the daily click rates from 23rd Oct – 1st Nov before I started recycling daily and again from 2nd – 11th Nov after I started recycling daily:
- 23rd – 435
- 24th – 444
- 25th – 461
- 26th – 434
- 27th – 403
- 28th – 419
- 29th – 451
- 30th – 426
- 31st – 417
- 1st – 438
This gives an average daily click rate of:
4328/10 = 432.8
This was before doing any recycling of RR’s
- 2nd – 495
- 3rd – 457
- 4th – 472
- 5th – 430
- 6th – 417
- 7th – 462
- 8th – 444
- 9th – 476
- 10th – 413
- 11th – 500
This gives an average daily click rate of:
4566/9 = 456.69
This was when I was recycling 10 RR’s per day.
Which Rented Referrals To Recycle?
For this test I will be recycling 10 rented referrals per day for 10 days. I already know this is going to cost $0.60 per day. For it to be worthwhile doing I will need to earn back over $6 more. To have the best chance of reaching this, I need to recycle the most inactive referrals that I have already.
Now this is where a lot of people can go wrong I think. It is really important that I do not waste money by recycling the wrong referrals. To find the most inactive referrals on my list I will use the Referral Since column and NOT the organise by AVG feature which would place the ones with the lowest click rate at the top.
(By the way you just click on the column titles in the rented referrals list to organise the list by that status).
Why Not Use The AVG Column?
Lets look at that…..
If I organise by AVG, at the top of the list I now see those rented referrals who have not clicked yet at all. These have been automatically recycled already – I know that from the information in the referral since column these were all recycled today or yesterday:
I DO NOT want to recycle these referrals again, because it can often take a couple of days to see the first clicks of rented referrals, so I want to give them a little time to start clicking. This prevents me getting rid of potentially active rented referrals.
In addition, I also know that referrals who have been inactive for 14 days will automatically get recycled for free. I don’t need to pay to recycle those ones who are close to being recycled automatically and without cost. This means I need to look for rented referrals who have been inactive for 4 – 5 days already, and recycle those ones. This gives them time to start clicking, and stops me paying to recycle ones that the free system will take care of.
So I organise by referral since column and I can immediately go to those who haven’t clicked yet, but have been given a few days to start clicking:
Using this approach provides a balance between giving time to start clicking, and the auto system recycling for me.
To actually recycle the rented referrals I have chosen from the list, I simply tick the end box and choose recycle from the drop down list. Click on confirm and the swap is completed:
Did Recycling Work To Increase Income?
Over my no recycling 10 day trial period my rented referral ad clicks were an average of 432.8 per day. This equates to $4.33 daily earning. During the 10 day recycling period the ad clicks increased to an average of 456.69, or daily earning of $4.57.
Looking at just these figures I would say that recycling did increase my income by an average of $0.24 per day. Considering it cost me $0.60 per day to recycle 10 rented referrals however, I have to conclude that this actually led to a decrease of $0.46 per day in available funds.
This of course was a rather simplistic test, and there are many variations of recycling patterns that would need to be tested to find out if there is a profitable pattern. It may be that recycling 20 per day, or 3 per day for example would actually result in a profit.
Nonetheless I think this little experiment provided some very interesting data. I was expecting some loss with recycling, but I thought it would have balanced out a lot more. I certainly did not expect it to be as pronounced a loss as 10% of my daily earnings.
Now I can move forward without recycling and know that I am not making a mistake by not using that option.