Despite its ever growing popularity and global adoption, it was really not very long ago that hardly anybody had heard of blockchain or digital currencies. By now though, just about everybody has heard the buzz surrounding the cryptocurrency space, especially since the meteoric rise of the value of Bitcoin, the most popular and influential cryptocurrency. The value of Bitcoin reached just under $20,000 at the end of 2017 and since then, cryptocurrencies seem to have become permanently ingrained into the consciousness of the mainstream, filtering into the affiliate marketing space too.
In order to understand the relationship between cryptocurrencies and affiliate marketing, let’s start by understanding digital currencies in more detail and how they have become a major form of investment for traders and investors worldwide.
Now, as anybody with the most minimal amount of knowledge in economics will understand, high demand means potential profit for those who can capitalize on it. Cryptocurrency brokers and exchanges are the main beneficiaries of the strong demand for these digital currencies. These financial market firms provide digital platforms for investors to buy and sell cryptocurrencies in order to profit from the fluctuations in cryptocurrency market values. Cryptocurrency brokers make profits from charging investors various types of fees for transactions as well as a spread (the difference between the buy and sell prices) on market prices.
Since the potential of the cryptocurrency markets are no longer a secret, and they have proven their profit potential, there are many financial firms looking to attract traders and investors to their cryptocurrency trading platforms. As a result, these cryptocurrency brokers are all looking to gain an edge when it comes to attracting new investors to open trading accounts on their networks.
There are various ways in which cryptocurrency brokers are reaching out to their target markets. Here are some examples:
There are numerous publications and websites which have already been covering the evolution of the cryptocurrency markets and blockchain technology. Some of these publishers have been posting about the topic since the birth of Bitcoin in 2009. However, purchasing an advertisement banner on one of these web publications can cost anywhere between $5,000 to $20,000 per week. Although this promotional method will definitely result in more investors opening trading accounts, with the high cost, it can be risky and there is no guarantee that the advertising broker will receive a profitable return on their investment.
Another obvious method of promotion would usually be through Facebook, just like any other product or service. However, the social media site has recently banned advertisers promoting anything related to cryptocurrency trading. This means, that cryptocurrency brokers have lost one of the most effective social media promotional avenues available. Although other social media sites still accept cryptocurrency advertisers, none of the other social media sites have the extensive reach and audience that Facebook does.
Crypto Affiliate Programs
Regardless of the Facebook ban, the demand for access to cryptocurrency markets still exists because the potential for profiting from trading cryptocurrencies is still quite real. Therefore, cryptocurrency brokers and platform providers have started looking at other, alternative methods to promote their services and attract new traders to their cryptocurrency platforms.
This is where you can get a piece of the pie as well, by simply joining a reputable cryptocurrency affiliate marketing program.
These types of programs allow you to become an affiliate marketer, which means you receive a payment for promoting a link to a cryptocurrency broker and getting people to sign and trade with the broker. An affiliate marketing network operates on a variety of business models and one of them is known as Cost Per Action (CPA). This means that you as an affiliate marketer will receive a commission when a person performs a specific action, such as clicking on a link, registering for a trading account or actually depositing funds and starting to trade.
Cryptocurrency brokers may opt for this promotional method instead of, or in addition to, advertisements in niche publications to extend their marketing reach. Also, since the brokers do not have to pay the commission until a prospect performs a specific action, the risk posed to the cryptocurrency platform provider is significantly less with an affiliate marketing business model. Affiliate marketing is a win-win scenario for everyone; the broker gets more traffic to sign up on their platform, while the affiliate marketer gets paid for driving his traffic to the broker’s site.
Crypto affiliates are not just limited to getting new traders to join a broker, there is a range of ancilliary services around the crypto indutry that have plenty of lucrative opportunties. Some of the popular crypto affilaite products include, crypto trading signals, crypto trading robots, automated and algorithmic platforms and more. For crypto affiliates, this means you can remarket and cross-sell to the same base and extract even more value.
So, now let’s look at how you can also become a crypto affiliate marketer.
There are a variety of ways you can promote your cryptocurrency affiliate marketing campaigns. Below are some of the various methods available for generating leads and traffic:
Upon realizing the potential for significant profit from joining an affiliate marketing network focusing on the cryptocurrency space, you will want to make sure to choose the best crypto affiliate program available. While the market offers many options, not all affiliate marketing networks are created equally.
Below are some aspects to consider when shopping around for the right affiliate network:
As you can see, there is plenty of potential for profit when it comes to affiliate marketing for the cryptocurrency niche. However, make no bones about it, there will be some work required. It is not just free money; but those who put in the work, will be greatly rewarded. There are many affiliates who have joined Algo-Affiliates and who are now making thousands of dollars every week from promoting their crytp affiliate marketing campaigns within the cryptocurrency space. Joining the Algo-Affiliates network as an affiliate marketer could be your start to finally achieving financial freedom, so take action today.