6 min read • September 2, 2022
Affiliate marketing is a constantly expanding, well-liked, and profitable strategy for anyone wishing to make some additional money, with market size of $17 billion by 2020. Affiliate programs are rather straightforward; a brand rewards an individual (the affiliate) who pushed their product and ultimately resulted in a sale. With every successful sale, the affiliate receives further compensation.
According to ZipRecruiter, 65% of affiliates make between $11,000 and $117,499 per year, making it one of the highest-paying occupations that anyone can do. It's up to you whether you decide to pursue affiliate marketing full-time as a job or merely wish to generate some passive income, but there's no denying that the industry has rapidly replaced traditional employment for thousands of individuals.
Affiliate marketing is done in a variety of ways. Some of the most well-liked affiliate schemes allow traders to direct other traders to a certain broker. These programs are typically offered by brokerages, and they pay substantially more than what one could make on a website like Amazon.
Affiliate Programs' Uncapped Earning Potential is a pro. The best part about affiliate programs is that their earning potential is frequently unrestricted. Most businesses will pay you the $25,000 you have earned if you recommend 100 customers at a cost of $250 each. By sharing applications you currently use, you could potentially earn hundreds of thousands of dollars each year.
Passive Income - If you run a popular website, blog, or social media account, you probably already have thousands of followers (or even millions). Simply by sharing a link, you have the potential to make thousands of dollars if even 1% of your followers sign up. We see that as a win-win situation.
Established and Low Risk - All of the programs we've featured are both. Some organizations might charge a membership price, but after a few months, you'll probably consider it to be insignificant. There are some dubious affiliate businesses out there, so it's always a good idea to check their track record, customer complaints, success stories, etc.
You'll never run out of opportunities because there are so many Forex affiliate schemes available. These programs enable you to generate money from numerous businesses without having to rely solely on one.
Cons of Forex Affiliate
You'll Possible Start Small - As you establish yourself, it's likely that you'll observe customers making lesser purchases before forking over money for more expensive options.
Others Sites Offer Low Commissions - While the majority of websites offer compensation percentages, some still stick to monetary values based on a tiered structure. This strategy historically pays well for smaller purchases but drastically lowers the percentages you might be getting off large purchases.
How much money can I make?
This question does not have a simple solution. You can earn $3 per lead with some systems, like Credit Karma, and hundreds of dollars with others. Theoretically, you might earn hundreds of thousands of dollars each month if you used each of the programs mentioned above. Most affiliate marketers might anticipate making between $3,000 and $5,000 per month by employing various schemes.
Should I Try an Affiliate Program for Money?
The best part of affiliate marketing is that you run absolutely no risk and incur very little if any, financial outlay. The two most important things you require are a time to devote to marketing and an engaged following. Create a community because the majority of cryptocurrency businesses won't collaborate with you if you have fewer than 5,000 followers.
The best cryptocurrency affiliate programs
Binance
Based on trading volume, Binance is one of the biggest cryptocurrency exchanges, giving customers access to thousands of different coin types. You need to have at least 5,000 social media followers to be eligible.
Binance's Binance Affiliate Program is a cryptocurrency exchange program.
What Must I Do?
Getting started as a Binance affiliate couldn't be simpler. You may earn up to 50% money on every trade your referrals make by simply signing up and sharing your affiliate link.
how much I can make
Up to $72,000. Users that sign up through your affiliate link will get 50% off. Their pay rates are graduated. You are only permitted to receive a 50% commission on Spot transactions, a 30% commission on future commissions, and a 20% commission on NFTs.
Bybit
Bybit provides its affiliates with a range of advantages, such as 1-on-1 expert help, data transmission, and real-time updates.
Crypto Exchange - Program Name
Affiliate Program for Bybit
To encourage people to sign up, include affiliate links. The sum differs. Since you receive 30% of their commissions plus 10% of any commissions from people they suggest, the true money is in recruiting as many people as you can. Additionally, the program provides some promotions with bigger bonuses.
Huobi
Due to the bonuses growing rather substantial as a result of the volume of successful referrals, Huobi is ideal for individuals wishing to start selling with an active following.
Huobi Global Affiliate Program, also known as the Refer and Earn Program, is a cryptocurrency exchange.
You will have to exchange affiliate links for both programs. You can alter the commission you receive and the discount being provided to tailor your referrals as well.
Giving a direct response to this question is challenging. You can make up to $80,000 every month using the Refer and Earn program. With the Global Affiliate program, which offers you up to 50% of commissions as opposed to the 30% you receive with Refer and Earn, you can make even more money. However, the Global Affiliate program has strict standards, and the majority of consumers are happy with Refer and Earn.
Kraken
With immediate reimbursements to your bank account, Kraken offers a restricted referral program that offers up to $1,000 per referral. You need to fulfill one of the following conditions in order to be eligible to become an affiliate:
have a minimum of 5,000 followers on social media
Run a website or app focused on money or cryptocurrencies.
Have a minimum of 5,000 members in a financial or cryptocurrency-focused Facebook group.
Kraken Affiliate Program, a cryptocurrency exchange program To encourage people to sign up, include affiliate links.
With a ceiling of $1,000 per referral, you will receive 20% commission on all transactions made by your referrals.
Crypto.com
Users of Crypto.com have access to a variety of trading options, including basic, margin, and derivatives. Like the others on this list, their affiliate program demands recommendations.
Bitcoin Exchange - Program Name: Crypto.com - Crypto Affiliates
To encourage people to sign up, include affiliate links. You can make up to $20 per lead and receive a 10% recurring commission on all referral transactions.
You can get your Real-Time and Historical Cryptocurrency Data with Finage free Crypto Data API key.
Build with us today!
Access stock, forex and crypto market data with a free API key—no credit card required.
Stay Informed, Stay Ahead
Discover company news, announcements, updates, guides and more