For those of you who aren't familiar with Ibotta, it's an app that gives you instant coupons at retail stores, including supermarkets, Target and Walmart. Purchase a product, get cash back. There's a CNET article and video here.
And I thought a year of free Starbucks was a big challenge! Well, Ibotta has topped that. They've announced a referral contest with a top prize of $150,000 for a mere 100,000 referrals. Yeah, that's one out of every 3,000 individuals in the US. Who all have to have smartphones. Including children. Etc. Clearly, this one is going to be fun. All the details are here. My referral link is here.
The rules appear to be, well, there are no rules yet. In fact, I'm not sure Ibotta meant for this offer to be entirely serious. But here's how it appears to work: After the first seven referrals, users earn $1.50 per referral. There does not seem to be a time limit. Obviously, Ibotta figures that no one is even going to come close, but they didn't count on people like me; the few, the proud, the people with nothing better to do.
The challenge: refer 100,000 users. How to do it? No clue. So I'll throw out some incentives:
- At least 50% of the proceeds are going to charity. Probably more, once I make sure all the tax ramifications are covered. That donation is regardless of how much I end up with, whether it's $10 or $150,000.
- The first person to sign up and leave a comment gets $1,000 when I cross 50,000 users. They get another $1,000 when I cross $100,000.
- I'll also give $1,000 to five random people within the first 100 who leave comments. Guys, I only have 100 readers on a daily basis.
- Throughout the sign-up period, I'll give out random bonuses.
- Have a suggestion? Best suggestion for getting referrals gets $1,000 at the 100,000 mark. "Best suggestion" is judged by the amount of referrals it generates.
- Feel like sharing my link? Great! I'll give you 20% of the referral bonus I get, although you're really better off sharing your own link at that point. If you do so, just email me the email address of the person you referred to my link, since that's what I see.
- Finally, a few people have already signed up through my link from previous posts. When I cross $10,000, you each get $100 (the booby prize, since you're ineligible to sign up again).
- Important: When you sign up, be sure to actually sign into your Ibotta account after creating it and send me an email at email@example.com with the email address that you used so I can properly track you. Also, you may be eligible for a sign-up bonus. Just check your email. Thanks!
This is a game and I intend for it to be fun. And yes, I am a little insane. Thanks again, and please feel free to add to the joy by signing up here.