Has anyone tried this approach to getting registrations for online course?

I am looking for registrations for my 4-week Live AI training, which I am starting on August 7th.

As I have only 2 days, I am looking for an effective/attractive revenue-sharing basis marketing apart from my usual Gumraod affiliates system, offering a 50% affiliate commission.

So, I have decided to allow anyone to do the registrations on behalf of their audience. i-e They can just pay Rs 400 ($15) for registering their friends/audience, and they can collect the fee up to Rs 3000 ($80) from their audience.

Will this plan work? Is there any issue associated with this plan? Has anyone tried a similar approach earlier? Share your experience in this thread.