What It's About
A listener seeks to capitalize on incentives for opening bank accounts.
Notes from Chris
Episode 1453
Today’s listener earned some money from opening a bank account, and it got him thinking: free money is good! I’d like more free money. And might there be a way to earn even more by helping other people take advantage of these incentives? I like where he’s going with this. I’ve opened a lot of accounts over the years in response to various offers. Some of them can be $500 or more, although most aren’t quite that large. Still, the question is interesting because we have to figure out how to monetize the part where you’re sharing the information … can you sell that info directly, or is another approach better?"Hi Chris, this is Trevor from Twin Falls and I’ve been listening to the show for a couple of years. I just earned $300 from opening a new checking account at a bank. Looking online, I see there are more offers like this. Is there anything wrong with applying for a bunch of them? I know you have to jump through some hoops to get the incentive, but for $300, it was worth it. Now I'm thinking there's a business opportunity here to publish some sort of directory and update it with the most current offers. But how would I get paid? It doesn't look like the banks offer much in the way of referral bonuses, or if they do, they have a cap on the number you can receive. I feel like this could be a good project. What do you think? "Listen to today's episode to learn more...
SEE ALSO:
- "Cheap Plane Tickets" Site Becomes Million-Dollar Hustle: How a Washington, DC political analyst used research skills to help travelers save money while attracting 275,000 email subscribers and making more than $1M.
- 5-Year-Old’s Frustration Leads to Modern Day Piggy Bank: When a 5-year-old earns money taking out the trash for neighbors, his mom realizes that piggy banks are more style than function. She then reinvents this classic tool as a “piggy box” that won’t get stuck in the mud.
- Pay Off Student Loans With Your Spare Change: After barely making a dent in student loans after years of repayments, two brothers brainstorm solutions for an app that rounds up spare change.
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