Affiliate marketing has been around for a long time, way before BTC was even launched.
The concept is simple, the product owner gives the affiliate marketer a commission from any sales the affiliate makes. This either comes as a one off payment or as a percentage commission on all sales/actions your referral makes in the future.
This benefits the product owner as the affiliate is doing the marketing for them, the product owner only has to pay commission on a confirmed sale so can factor this into the price of the product and it is a constant. If the product owner was doing their own marketing, then the amount of sales is not guaranteed and it is much harder to factor in the exact costs to the product.
This benefits the affiliate as they get paid for every sale they make but they do not have to create, store or ship the product. The only cost to the affiliate is the cost of marketing, whether this is in time or currency.
This has no impact on the consumer as the price of the product is not affected, the marketing costs of any product you purchase are already included, whether the company chooses to market themselves or through affiliates there is always a marketing cost involved.
As someone who believes crypto and blockchain technology is still in its infancy and will one day become much more mainstream, it makes sense to concentrate on growing a crypto portfolio. Join me on this journey and grow your portfolio through affiliate marketing.
As the crypto space has grown, so have the amount of affiliate opportunities within the crypto space. Whether it be crypto exchanges like Binance and Kucoin, wallets like Crypto.com or Coinbase, staking/earning platforms like Swissborg or Stakecube, blockchain games like Milliononmars or Risingstar, faucet sites like Final Autoclaim or Cointiply, there is even a DeFi platform with a referral program now in Biswap. These are just a few of the many opportunities available, as we progress through this series and discover the wonders of affiliate marketing we will discover plenty more earning opportunities along the way.
All of the embedded links above are my affiliate links, If you are not a member of any of these and would like to add them to your list of sites to promote, then I would appreciate it if you support me by using one of my links.
As this series progresses we will look at different ways to advertise your affiliate links, some of the dos and don'ts when it comes to affiliate marketing and looking deeper into some different products we can promote. We will also be looking at why multiple income streams are good and start building some passive income streams along the way.
If building some income streams on a budget interests you, then hit follow and journey with me on this adventure.
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I have been wondering about affiliate marketing on Hive, but as I've seen very little of it, I wasn't sure if it's frowned upon or not.