In the coming months it looks like SmashFund is going to be releasing a new referral rewards program. I’ll give you a quick look at how it is supposed to work.
If you join as a Premium Member ($149 per month), you will then be able to get into the rewards area. As a member, every new signup you get under you (free signups) you will get $1 added in your account. Every time you sign up a new Premium Member, you will get $5 per month for as long as they stay a paying member. Not only that, but they will give you all the reporting and tracking you need through a custom dashboard made just for you. Sounds like a good deal to me.