How to Earn Money from Affiliate Programs
Everyone wants to earn a passive income. It’s
easy money and let’s face it, who actually wants to work for their cash, right? Affiliate marketing is done by tons of
different companies for one main reason: it works. Let’s use an example.
Fortnite, the worldwide phenomenon, has taken over the kids, teens, and young
adults. It’s free to play and some of the internet’s biggest streamers/content
creators use it for content. Back when it wasn’t as popular as it is today,
Epic Games, the developer of Fortnite, was making use of affiliate marketing by
providing their most popular streamers affiliate links to help promote the
game. With that affiliate link, fans of the streamers could sign up for free
using the said link. The affiliates (or in this case, the streamers) would then
get compensated for promoting the game.
It’s a pretty modern example, but let’s dive into
the technical stuff.
What is affiliate marketing?
By definition, affiliate marketing is “a
marketing arrangement by which an online retailer pays commission to an
external website for traffic or sales generated from its referrals.” In
layman’s terms, it’s a strategy where an individual partners with a business in
order to make a commission by referring readers or visitors to a business’
particular product or service. It’s one of the most popular methods of earning
money online and once it is established, it can serve as a great passive
income. Although it seems simple enough, there’s a lot more to it.
Here’s another example, let’s say that you’re
a blogger and you want to become an affiliate of a certain company. Your job
would be to place a link, button, or banner within a blog post so that your
readers will be led to the products or services of that company. With that
being said, a good blogger and affiliate will utilize a number of different
marketing channels to promote content.
Affiliate programs and
cryptocurrency
Now that you more or less know what affiliate
marketing is, how does it relate to cryptocurrency? Well, it’s pretty much the
same thing. The biggest exchanges will offer their users a certain percentage
of commission on all trades done by affiliates. The rates vary per exchange so
obviously, some deals are better than others.
These affiliate programs are designed to draw more people to these exchanges thus helping them grow and expand their business. Here are some of the available affiliate or referral programs available:
Changelly – Affiliate program
Changelly is a cryptocurrency exchange where
people can change their fiat into a wide range of cryptocurrency. It searches
for the best exchange rate and then they buy it for you at that price. Their
affiliate program offers its affiliates a 50% revenue share for the life of the
customer you refer to them. This means that you get a 50% commission for the
deals made by the referred user. They usually allow payout the day after the
transaction is made. Payouts are issued in bitcoin.
Coinbase – Referral program
Coinbase is one of the biggest bitcoin
exchanges in the world so it’s no surprise that they have a referral program.
Although Coinbase’s referral program is different from an affiliate program, it
might be something you want to look into. Coinbase offers $10 for each person
you refer that buys or sells at least $100 or more within 180 days of
registration. Both you and your
referral will receive $10 after the buy/sell. It’s not as profitable or
practical as an affiliate program but it’s still a way you can earn a little
extra money while using one of the biggest exchanges in the world.
Coinmama – Affiliate program
Coinmama is a bitcoin and Ethereum exchange.
They offer a 15% commission for all your referrals that purchase from their
platform using your personal referral link, including lifetime future
purchases. They also offer banners that you can place on your website. The
downside to their affiliate program is that their payout is monthly, toward the
end of every month and you must have three successful orders made by at least
three users to get a payout.
Paxful – Affiliate Program (BEST
OPTION)
Paxful is one of the leading peer-to-peer bitcoin marketplace in the world. They offer hundreds of ways to buy and sell bitcoin with over 300 payment methods available. The Paxful affiliate program is by far one of the best programs out there as it comes in two tiers. Tier 1 affiliates are those that sign up on Paxful directly using your affiliate link. From trades done by these affiliates, you will get 50% of the escrow fee charged on Paxful. Tier 2 affiliates are those who sign up on Paxful using your Tier 1’s affiliate link. From trades done by these affiliates, you will get 10% of the escrow fee charged on Paxful.
As you can see, Paxful allows its users the biggest opportunity for the users to make passive income which makes it one of the best affiliate programs out there. Still have questions? Check out Paxful Affiliate Program instructional video to learn more.
Earn your passive income today!
There are a ton of ways to earn a passive
income with cryptocurrency but affiliate programs are the best way to do so.
Take a look at some of the examples given and explore each platform so you can
find the best one for you. Once you do, you can be on your way to making money
with an affiliate program!
The post How to Earn Money from Affiliate Programs appeared first on Entrepreneurship Life.
