Cash Gifting: Is Cash Gifting Really as Easy as You Hear?

Cash gifting is a way of giving to others as a gift and receiving new items, or cash, for it. There are different ways that you can do this in the US and abroad.

In the United States, you can do this by giving five gifts worth $100 each over a 12-month period. Here in Canada, we don't require the same amount of gifts but instead will give between $30 to $25 in cash for every $100 given to us.

In many countries like Mexico, the United States and Australia, this is usually done over a one time period. When you do this on a one time basis, there are no taxes since it's seen as gambling and not a gift. If you were to do this in Canada or the UK, you would need to report it on your income tax. That is if you declare it, which some people don't.

Some people enjoy doing this because they feel that they are giving back to their community while others want nothing more than new products and will give anything in order to receive them either on a one time or long term basis. This can get very expensive if you are giving out a lot of money or collecting gifts. It's also something that people will not talk about since it's a pretty big deal.

Usually, gifting is done for birthday or Christmas since that is usually when people are getting gifts for others. These people will often pool their money with other friends and family members so they can all want the same gift at the same time. This may get interesting when some of the friends don't want what other friends want, which will then cause trouble because they may not be able to share their gifts any longer.

On the other hand, you can also do this just for yourself. You can purchase a gift card to shop online or in a store and get the item that you select while earning cash back via some type of program. You will want to make sure that this is done with some type of system so that you are not getting ripped off by some impersonator.

Some retailers will give you a percentage back on the items that they sell and sometimes they will even give you receipts. Unfortunately, these are usually not the best and there aren't a whole lot of them out there.

Sometimes you can find them through social media as well. Some of the networks will allow you to be able to get discounts or even gifts depending on what you have done for them. I would recommend that you do this with one store at a time and see how the system works out for you.

One of the best ways to make money doing this is by finding places that allow these types of programs and gradually working your way up to being able to give many gifts in a year. The more gifts that are given, the more people that are going to be following along. When this happens, keep your emails updated with all of your friends so they can also receive these types of benefits as well.

Just remember, this isn't the only way to make money. A lot of people have been able to make a lot of money by participating in many different programs across the Internet. There are plenty of ways that you can do this and it's very easy as well. If you haven't tried these types of programs, I would recommend that you do so today and see how they work out for you.

Problem:  

The cash gifting industry is not growing as fast as it could be. There are more merchants coming on board with these programs but they are still not seeing the same amount of revenue that they could be getting from it. There are a number of different reasons behind this that I will explain in this article.

The information technology industry is one of the fastest growing industries out there but it's still not that profitable. Most merchants only see around 1% in profit per transaction so anything that they can do to increase this profit margin is important. There are some things that you can do to improve the effectiveness of these programs as well which I will outline below.

1)       Allow people to make more donations at once- This is going to result in faster payments and higher profits for the merchant so it's a win-win for both parties involved. If the merchant has a big order at one time, they won't be able to fulfill it all at once. This will cause them to not receive the full payment until everyone else has been paid and that could take up to ten days. That's just out of the goodness of their heart so that everyone receives what they need when they need it.

2)       The location of where money is being sent can sometimes limit the amount of people using these programs- I know that you have probably heard this before but it's true. If you are sending money overseas, there can be a lot more regulations regarding what you can do with that money when it comes back into your country again. Sometimes, it can take up to a year before you can have the full amount sent back to you. Some of this depends on the country that you are sending money to so it's best if you know what they have in place before sending any money out.

3)       Not having enough people promoting your merchant- This is one of the top reasons why people aren't receiving as much money as possible from their campaigns. It's important for you to get other people involved in your campaign so that they can drive more traffic for you. When these additional people receive their payments, it will generate more income for everyone involved and will increase those profits even higher than expected. This is why it's also important to work with marketers and promote your product.

Some of these people will only be willing to work with you if they can get a portion of the commissions that are generated through your product and deals. You may have had some bad experiences in the past when working with others but this is different since you know exactly what you will get out of the arrangement.

4)       Some merchants are not responding in a timely manner- This is one thing that I see quite often and it's something that needs to be fixed immediately. It takes at least 48 hours for a merchant to respond back to you with any money or gifts so if they don't, you need to move on quickly. This can also be because they are not available to you. I've had several merchants tell me that they are giving out all of the money within a few days, so keep this in mind. You also don't want these merchants to be closing their door on you overnight. If they do, then you will never be able to get back into the program again. Always make sure that you communicate with them in a timely manner as well.

5)       This is going to bring me back around to the marketing aspect because another one of the main reasons for why merchant's are not seeing good results with their programs is because there aren't enough people promoting them.

Conclusion:  

If you are able to keep these important aspects in mind, you will see a noticeable difference in the amount of money that you make with your cash gifting programs. You can test this out now by beginning with one merchant or program and making sure that you stick with it. It's best if you take your time and do this over time but as long as you follow all of the rules above, then everything should go smoothly.

Problem:  

There are a number of different methods to making money on the Internet and cash gifting is one of them.