Since I first got involved in cryptocurrencies a couple of years ago, anyone and everyone has found out about Bitcoin, and even some of the lesser knowns like Ethereum, EOS and Litecoin. Every dinner out with friends now involves someone asking the (sometimes dreaded) question, “how’s bitcoin going?”, and everyone has been made AWARE of the potential to make money in this space through their social groups and connections. Bitcoin has been thrusted upon all of us!
For the savvy amongst us, we got involved in cryptocurrencies early, and made a few bucks here and there. Buying bitcoin for $5 seemed like a big risk for something that may never take off, but as 2016 and 2017 rolled around, 1000% growth across many cryptocurrencies gave the early adopters a taste of the riches.
And with it, came heaps of opportunities to make money without actually buying Bitcoin.
Enter, the “affiliate” or “referral” program.
Affiliate marketing isn’t new, but it is still incredibly effective. Bloggers, social media tycoons and everyday joes can use affiliate marketing to gain a few extra dollars in their cryptocurrency dealings – even you can benefit by simply referring your friends or family – no dodgey sales required!
Affiliate marketing works because you’re not selling. You’re informing. You’re delivering a message to people that you have found a service, you’ve used it, it works, and you trust it; it’s basically word of mouth advertising, which just happens to give you a kick back.
By registering with an affiliate program, you are given a special link or code, which you can use to publish content on your website/blog, message to friends, etc. By simply sharing this link, people are able to click on it, and then register with the website, informing the website that they were referred by you (using your link). This allows the website to pay kick backs in whatever form back to you based on the spending of your referred friends etc. This generally ranges from 20% of commission fees or 5% of a product’s purchase price.
Chances are, you already have an account with one of many Cryptocurrency exchanges. Below is a quick list below of some of the exchanges which offer the most beneficial affiliate programs:
Is there money to be made? Absolutely. But it won’t come easy. You might be lucky to make $50, or you might create some viral content and generate 100+ referrals which generate a lifetime of income exceeding $1000’s per month!
Best of all, you don’t have to pay a single dollar to do this!!!!!