Peter Dinham
Thursday, 25 June 2009 16:08
Business IT -
Technology
Page 1 of 2
An Australian who describes himself as an entrepreneur claims he’s taken on the online auction, buy and sell giant eBay, giving users of his website – SOC Exchange – an opportunity to make some quick cash with his new “innovative” membership rewards program.
Franco Lagudi, who has just launched the SOC
Exchange rewards scheme, claims thousands of Americans, struggling in
the financial downturn, are already flocking to the site, creating
their own SOC Exchange marketplace.
Lagudi says the rewards program puts cash directly into the pockets of its members who refer friends.
According to Lagudi, the scheme pays current members a cash referral
fee called a ‘SOC Fee’ for every friend who signs up for a one year
subscription of $10, using their unique referral ID. Apparently, on
request for payment, 'SOC Fees' will be paid directly into a member's
PayPal account within 10 days from every Saturday.
Sounding like Martin Luther King, Lagudi says, when the e-commerce site
was set up in 2008, he “had a dream -- to make it easy and affordable
for everyone to own their piece of the net.”
Today, his dream is a reality, according to Lagudi, and he claims the
SOC Exchange's novel service offering is attracting a big following in
the online space, in a market previously dominated by eBay.
“The concept is simple. For just $1 per month or $10 per year, flat
rate, people can have their own unique website within The SOC Exchange
portal on which they can list and sell as many items as they want, with
no commission fees and no extra charges.
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