Updated: Fri, 11 May 2012 12:17:06 GMT | By lovemoney.co.uk, writing for MSN Money

A new way to earn cashback without spending any money

Have You Seen is a new website that lets you earn cashback by sharing links with people you know. So will it make you money or merely cost you friends? We investigate.


Site pays you cash back if your friends buy suggested items (© Image © Richard Gardner - Rex)

Have You Seen is a new online venture designed to let members earn cash by sharing product links with others on the internet.

You don't need to pay anything to sign up, and (unlike when using cashback sites) you don't need to spend anything before you earn money back.

It sounds like a great little moneymaking tool - but is it as easy as it sounds? We've looked under the Have You Seen bonnet to find out.

How it works
The first step is to sign up and become a member. This is free to do (though you do need to be 16 or over), and the only personal detail you'll need to enter is your email address. Once you're registered, you can start earning money from the links you share.

When you find a product online (for example, a dress) that you think your friends would be interested in seeing, you copy and paste the link to the item into the share box on the Have You Seen site. A unique link to that item is then created.

If that retailer is partnered with Have You Seen, and someone you've shared the link with goes on to buy the item, you should get some commission.

Once you click 'share', you'll be asked to fill in price details for the item and choose whether you want the recipient of the link to get a cut of the commission if they choose to buy that product. Alternatively, you can choose to keep all the commission for yourself!

At the next stage, you'll be shown what percentage of the item's sale price you'll be paid in commission. You'll also be told about any limitations associated with this item (occasionally, retailers put commission blocks on certain products, meaning you won't make any money if you share the link).

Finally, you choose how you want to share the link: You can email it to others, or post it on a social network. At present, Have You Seen is integrated with Facebook, Twitter and Google+.

Alternatively, you can just browse the product deals already highlighted on this page of the Have You Seen site. Every retailer shown here is already a Have You Seen partner, so you can be fairly sure you'll earn commission for sharing these items.

You can find products highlighted on the Have You See? site (© Image © Getty Images)


How much will I earn?
Have You Seen tells us that the average commission made by members is around 5% of an item's sale price.

Have You Seen negotiates percentage commissions by retailer, not by individual item. That means most items sold by a particular retailer should offer the same percentage commission.

However, I wouldn't rely on the 'up to --%' descriptions under the featured products, as this is the maximum commission paid by each retailer and may not apply to your item. It's worth remembering that some retailers only pay commission on the sales price excluding VAT - and most don't pay commission on postage charges - so this may affect the commission you actually earn.

Your best bet is to paste the product link into the 'share' box, fill in the relevant details and wait to be told exactly how much commission you'll earn from that item. You can then decide if it's worth sharing it.

You also have the option to earn commission by buying items yourself via the site, from the partner retailers that are listed (much like the cashback site model).

Have You Seen has put together ten tips to maximise your earnings.

Downsides to be aware of
Remember that you will only earn commission if the product you're flagging up is sold by a Have You Seen partner. You can find the full list of participating retailers on this page of the site.

In addition, you will only make money if someone you've shared a link with actually goes on to buy that product - or something else from the same retailer. If you share a link and no one buys anything, you're no better off.

Much like most cashback sites, there are also restrictions on when you can get hold of your commission earnings in your Have You Seen account. You'll only be able to access the funds once your commission earnings reach £20.

Finally, and perhaps most importantly, there's a risk that you'll irritate friends and family by bombarding them with product links they're not interested in. Most people already have to deal with boring status updates and spammy links cluttering up their social network feeds - so be selective about how often you share links, and with whom.

Vote now
An error occurred while trying to display the data. Please try again later.

Would you try earning cash by suggesting items for your friends to buy online?

Thanks for being one of the first people to vote. Results will be available soon. Check for results

  1.  
    14 %
    Yes - I know what my friends want and if I earn money out of it, we all win
    126 votes
  2.  
    7 %
    Yes - a few people might be annoyed, but frankly I could do with the extra cash
    61 votes
  3.  
    22 %
    No - Earning up to 5% commission isn't worth my time
    196 votes
  4.  
    57 %
    No - I would not want to annoy my friends, regardless of the money on offer
    510 votes

Total Responses: 893
Not scientifically valid. Results are updated every minute.

The verdict
Don't give up the day job - Have You Seen is not going to make you rich. And there are definitely improvements to be made to the site: it's still in the beta testing stage, so it doesn't have much of a track record.

However, as long as you don't lose all your friends through excessive link spamming, it's a reasonable way to earn a few extra pounds.

And the initiative is an interesting departure from the usual cashback site model, in that you don't actually have to spend any money to earn some back.

So what do you think? Vote in our poll to the right or share your comments below.

4Comments
avatar

Sounds pointless to me.

1. How many proper friends has anyone got?

2. How many people, nationwide, are likely to buy the identical item

3. Fashion is seasonal so there will only be a small window of opportunity.

4. 5% on negligible items means that those who are involved with this scheme make more money by using the public as a roving catalogue than the public will get as a percentage.

5. The firms are just using the public as a cheap, or free, form of advertising.

 

Whichever way you look at it it's an elaborate marketing con.

02/05/2012 19:38
avatar
This website allows you to do just that : Superpoints. Although, to become a member you need an invite but i found one. Follow this link : superpoints(.)com/refer/freespsignup
02/05/2012 15:55
02/05/2012 13:15
avatar
The worlds first collective buying website for private education, reduce fees on universities,senior schools prep schools, and nurseries. i-edu.co.uk
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