It's a good business model but most affiliate programs ban this type of revenue sharing. You'd have to individually negotiate with the affiliate programs or operate under the radar.<p>I made a very respectable amount of money (and a polo shirt and hat) several years ago by paying my friends to sign up for Party Poker accounts under my affiliate bonus code. I could have made a lot more if I had more money to put up. It was debatable whether this was allowed under their terms of service... they froze my money for 6 months but I got it eventually.<p>I believe that all the rakeback sites that are operating legitimately have individually negotiated agreements with the poker sites. Similarly, if you wanted to set up an Amazon buyer's club on facebook, you'd have to negotiate with Amazon.
I've seen sites do this.. Read this post and the comments about Google AdSense revenue sharing:<p><a href="http://www.seroundtable.com/archives/006387.html" rel="nofollow">http://www.seroundtable.com/archives/006387.html</a>