September Promotion – Cash for Clickers!

September 5, 2009

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Never let is be said we are above jumping on the bandwagon to promote the site.

This month, we are going to test the old adage that "you can't put a price on friendship." We say you can and we say that price is $74.70! That is how much money you will save annually off a monthly premium subscription for each friend you refer under our September Refer-A-Friend program.

After the debacle of the July contest, where we offered $1,500 CASH for referrals and we had the lowest response yet to a promotional, we went back to spending our money on Google ads and, I'm sorry to say, Google kicked your butts! 2,300 PSW Report subscribers signed up in August vs. just 1,300 referred in the July contest. Nonetheless, our overall marketing campaign is on track and we have already crossed the 9,000 subscriber mark on the reports, way ahead towards our goal of 10,000 by the year's end.

By the way, a lot of Report Members want to know if they can keep getting the PSW Report for free and the answer is YES – by referring a single friend each quarter, you are able to extend your own free trial subscription. What about my $74.70 discount per friend you may wonder? That is just as simple: Refer 10 friends friends in Septermber to a FREE newsletter trial subscription (they must, of course, "opt in"), and you will get a PERMANENT 25% discount on ANY PSW MEMBERSHIP. On a monthly premium membership, that is and $896 savings per year ($89.60 per friend). This is in addition to any other earned discounts UNLESS you already got your 20% bonus discount the last time we did this.

Click here to refer a friend right now!

If you refer under 10 people, you will still get a 20% bonus discount through the end of the year but, after that, you'll have to qualify again in our January promotion but no effort made will ever be wasted as 10 referrals over time will always lock in your discount. Even just 20% on a $399 annual Alert subscription is $79.80 – that is the price of friendship!

Surely you know 1 person who would be willing to check out our free trial Newsletter so they can help you save $74.70 on your subscription? If you know 10 such people, then that is how much money you will save every month of the year off a Premium membership and, when prices go up, you will save even more as the discount is permanent once you refer 10 people.

In summary, it’s a simple system:

As a member you can go to your account login screen where you’ll see the "Refer a Friend" box.
This is also the screen that let’s you and your friends manage EMail and Alert preferences.
This is also the screen that tracks all your referrals and commission bonuses.
This is also the screen that tracks your own discounts earned against current rates.
- Every member has the ability to give themselves discounts through referrals.
This is also the screen that lets members upgrade from one type of membership to another.
- If you have a friend who wishes to sign up for Basic or Premium Membership straight away – your login name is their coupon code for a 20% discount.

We already have some members who have referred over 200 people and are now enjoying FREE lifetime memberships, so viral marketing does work, and I'm having a great time experimenting with different ways of building a readership base. As our long-term members are aware, adding subscribers has helped us form many alliances and Ilene has been busy adding top writers to both the Phil's Favorites section as well as our new Chart School and this month we are starting an alliance with Wall Street Survivor where our paying members will be able to follow our virtual portfolios right on-line.

Our new $100,000 Income-Producing Virtual Portfolio is already up at WSS and I'm very proud to say that, AFTER selling over $5,000 worth of contracts (our monthly goal is to generate $2,500 a month in income) we are already at $101,271 in our second week despite all the market gyrations and despite our trouble getting fills. We have deployed just 25% of our cash (no need to do more) and we're well on track to goal. This is what we teach every day in our newsletter – surely you know people who would be interested in learning a little more about the stock markets and various investing strategies.

That's it, no hard sell… The discounts are there for the taking if you are interested and thanks to those of you who have already made this program such a great success. It's great to know we CAN grow our subscriber base without blasting Emails or littering the web with banners and putting up splashy ads. Letting people read the newsletter for free before signing up has also made it much easier to integrate new members into the Premium site as they come in with a basic idea of what we're doing and that's been great too as we've added a lot of really top-notch people this year.