Was Honey a legitimate money saving tool? Or just an affiliate marketing scam promoted by some of YouTube's biggest influencers?If you have any inside inform...
No, it’s a little more complicated than that. How a video explained it was, say someone was trying to sell you a TV, you decide to buy that TV and the salesman gives you a card to let the cashier know who the salesman was to get the commission. When you’re at the checkout line, a different sales man comes up and offers to find you a coupon code to help save you money. In the process of looking, regardless of if a coupon code is found, the second salesman takes the original card the previous salesman gives you and switches it with his own unbeknownst to you or the original salesman. Then when you buy the product the second guy gets the commission.
some companies, instead of paying youtubers a lot of money to promote the product, tell them ‘we will give you some percentage of every sale we make that was advertised by you’ They do this by giving the youtuber an affiliate link. its basically the link to the product, except for that when you open it you get a cookie that says ‘[youtuber] brought me here’ What honey did, was replace those cookies with theirs, meaning they get the cut from the sale, instead of the youtuber.
with for example, NordVPN, you get 35 dollars per sale with your affiliate link. if you watched a youtube video about NordVPN and then went into the description to buy it with the YouTubers affiliate link, honey would pop up and say ‘we have no coupons for you’ if you clicked on the close button of the popup honey would replace that cookie with theirs; if you would currently buy a NordVPN subscription, the money would go to honey, instead of to the youtuber that advertised it to you (who deserve the money)
Can someone ELI5? Does this mean they used refferal codes from people that had these “bring a friend” referal codes?
No, it’s a little more complicated than that. How a video explained it was, say someone was trying to sell you a TV, you decide to buy that TV and the salesman gives you a card to let the cashier know who the salesman was to get the commission. When you’re at the checkout line, a different sales man comes up and offers to find you a coupon code to help save you money. In the process of looking, regardless of if a coupon code is found, the second salesman takes the original card the previous salesman gives you and switches it with his own unbeknownst to you or the original salesman. Then when you buy the product the second guy gets the commission.
Damm, that’s shady and morally awful
It’s owned by PayPal, couldn’t expect otherwise
some companies, instead of paying youtubers a lot of money to promote the product, tell them ‘we will give you some percentage of every sale we make that was advertised by you’ They do this by giving the youtuber an affiliate link. its basically the link to the product, except for that when you open it you get a cookie that says ‘[youtuber] brought me here’ What honey did, was replace those cookies with theirs, meaning they get the cut from the sale, instead of the youtuber.
with for example, NordVPN, you get 35 dollars per sale with your affiliate link. if you watched a youtube video about NordVPN and then went into the description to buy it with the YouTubers affiliate link, honey would pop up and say ‘we have no coupons for you’ if you clicked on the close button of the popup honey would replace that cookie with theirs; if you would currently buy a NordVPN subscription, the money would go to honey, instead of to the youtuber that advertised it to you (who deserve the money)