Exploiting Other Language for Rankings

If I translate some product selling sites which allow affiliates and try to rank for them in different language and then visit to original product site from my translated site in a click. If I can do this fast and in bulk is this a good way of making money.

One guy pitching this method says that to rank in other languages most of the time for most of the keywords no backlinks or little or less amount of backlinks is sufficient.

Here the translation is not manual and it is done with google translate chrome pluggin and the content from after translation is used as it is without any grammar check. People say the pluggin translation will not be good in grammar and not always accurate. Will google penalize if I do this process for numerous product sites in 15 - 20 Languages.

Please suggest me if I can try doing this.Please pm me if you have any advice for me. Is anyone doing this and making good please pm me.

If you are using a Google plugin to translate then it will not be of your any help by any means. If you really after making money through different languages, I suggest you to have your website in English languages or the one is suitable for you. Make a few sub-domains and have the English content to enirelytranslated into the desired languages.
main: www.your-website-english.com
sub: www.french.your-website-english.com
sub: www.tamil.your-website-english.com

Example:
http://foodviva.com/breakfast-recipes/medu-vada/
http://hindi.foodviva.com/breakfast-recipes/medu-vada/

@krisbritt
I am planning to use Google Translate Cloud api and generate other language text of English content text. The chrome plugin or Translate in web does not give us the content in the foreign language and shows only javascript code when viewed via source. The Cloud Translate API gives us alien language text when English text is supplied. SO now I would have not just Javascript not able to index by google but clear text in other language perfectly readable and indexable by google and other search engines

It will not be as efficient as hiring people to edit the translated version of your content.
As an English to French translator and proofreader, I often see that the translated version obtained with Google Translate are pure garbage.
No wonder why people will left your pages after just landing there if you don't edit them.