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Why join an affiliate program?
An affiliate program is a popular marketing model for people who want to earn passive income or even turn their passion for marketing into a lucrative career. In actuality, it is a partnership between independent contractors or businesses (the affiliates) and a company. The affiliates promote this company’s products or services and, in return, they earn a commission for each sale or lead generated through their unique affiliate link. In other words, the affiliates are intermediaries who use their online and social media influence or marketing skills to drive traffic and attract customers to the products they are promoting.
One major benefit that this model offers to affiliates is passive income. They have to insert affiliate links into their content, like blog posts, social media posts, email campaigns or in the description box of their YouTube videos. This is how they seamlessly recommend products or services to their audience. As these recommendations convert into sales or leads, marketers earn commissions without the need for constant involvement. They only have to keep producing their engaging content and the affiliate links do the rest. This is one of the reasons affiliate programs have become so popular in recent years.
What are the benefits of being paid with crypto
Cryptocurrency payments are preferred by many marketers and freelancers, in general and this is because they offer unparalleled global speed compared to traditional payment methods, like bank transfers.
Since cryptocurrencies operate on decentralised networks, transactions are not influenced by the same geographical limitations or banking hours as traditional banking systems. You can access your money quickly and efficiently, regardless of your location or the location of the affiliate program. This favours international affiliates who may face problems with international transactions and currency conversions.
Also, crypto payments often come with lower fees compared to banking and payment systems. Wire transfers or checks may involve intermediary banks, currency conversion fees, and other transaction costs that can eat into your affiliate earnings. Cryptocurrency transactions, on the other hand, have lower fees and are more cost-effective, especially for cross-border payments.
This means that a larger portion of your affiliate commissions stays in your pocket, contributing to increased overall profitability. Additionally, some affiliate programs that pay in cryptocurrency may cover your transaction fees, maximising your profits even more.
How to create a crypto wallet and withdraw your money
1. Choose an Affiliate Program that pays with crypto: Make sure that the company you want to join supports this type of transactions, like this affiliate program. You can find out by reading the terms and conditions on their official website or the Frequently Asked Questions section (FAQ). If you can’t find this info on the website, you could reach out to the customer support or even send an email to the affiliate manager.
2. Get your crypto wallet: If you don’t already have a wallet, you should know that there are 3 types of wallets: including software wallets (online, desktop, or mobile), hardware and paper. Most companies work with software wallets, like: Coinbase, Binance and Kraken, MyEtherWallet, Trust Wallet. Download and install the one you prefer then send the wallet’s address to your affiliate manager so you can receive your commissions.
3. Withdraw: Connect your bank account to your crypto wallet. Follow the exchange’s instructions to add your bank account details for withdrawal. From there, go to the trading or sell section. Choose the cryptocurrency you want to sell and enter the amount. Initiate the sell order to convert your cryptocurrency into fiat currency (e.g., USD, EUR). Once the cryptocurrency is sold, go to the withdrawal section on the exchange. Choose the option to withdraw funds to your linked bank account.
Conclusion
With the increasing integration of cryptocurrencies into mainstream financial platforms, affiliate marketers can receive their commissions in their crypto wallets instantly without hassle. You can also convert your crypto into traditional fiat currency, if you prefer. More useful business tips here!
