Interest in cryptocurrency has waxed and waned over multiple news cycles, with many different tokens coming and going. One of the rare few cryptos that have managed to retain attention from the mainstream is Bitcoin, the original cryptocurrency, and still objectively the best token.
When measured by price action, Bitcoin has managed to consistently climb to new heights throughout its 14-year history [1]. This feat is perhaps why Bitcoin continues to capture the imagination of investors everywhere.
One recurring theme that regularly pushes Bitcoin into the spotlight is, of course, Bitcoin halving. The cryptocurrency is designed to reduce its issuance rate by half roughly once every four years. Combined with the finite nature of Bitcoin – only 21 million Bitcoins will ever be mined – Bitcoin halving tends to be met with a flurry of headlines and increased market speculation [2].
Another intriguing development is the popularity of Bitcoin ETFs among traditional investors. In January 2024, the launch of 11 spot Bitcoin ETFs by Wall Street leaders including Blackrock, Fidelity and Grayscale saw USD 4.6 billion worth of shares change hands within the first day of trading [3].
As its popularity grows, Bitcoin could attract increasing numbers of investors seeking to get a piece of the crypto’s famously volatile price action. Enterprising individuals may recognise the implied potential to enhance their earnings by signing up with an affiliate program that offers bitcoin products.
So how does an affiliate program work, and how can investors use one to increase earnings from their usual Bitcoin trading activities?
What is an Affiliate Program?
Affiliate programs are a popular direct sales channel used by online brokerages. They involve recruiting independent parties (known as affiliates) such as traders or influencers to promote the brokerage’s products and services to target audiences on its behalf.
Affiliates are given a unique referral link to promote to their followers or clients. When the referral link is used to complete a specified action – such as making trades, signing up for an account, or participating in a promotional campaign – the affiliate will earn a commission.
Thus, an affiliate program creates an opportunity for Bitcoin traders to increase their income by sharing their trading journey with other investors, such as by creating relevant content about the subject, or providing Bitcoin trading analysis, signals and advice.
As an affiliate, Bitcoin traders and content creators can earn commission when they:
- promote Bitcoin CFD products on behalf of brokerages like Vantage to their followers
- increase their total trading volume via group trading on behalf of their clients
- recruit investors to sign up for accounts at brokerages to participate in Bitcoin trading
These are just some general ideas to illustrate the income potential of an affiliate program through Bitcoin. A well set-up affiliate program has the potential to generate steady and lucrative income for enterprising Bitcoin traders. For a more detailed discussion, please read our affiliate marketing blog post.
3 Benefits of Joining an Affiliate Program
Benefit from Potential Commissions and Fast Payouts
Perhaps the largest benefit of joining an affiliate program is the ability to diversify your income by essentially carrying on with regular trading activities.
For instance, an active Bitcoin trader can create an additional income stream simply by getting their followers to trade Bitcoin using their affiliate referral links. By sharing strategies and tips for success with other interested investors, an affiliate can earn commission in addition to the potential returns generated by regular trading activities.
Similarly, a professional fund manager can trade Bitcoin on behalf of clients who desire to benefit from the asset class but do not have the time or expertise to do so themselves. As an affiliate, the fund manager can pool together client funds to fulfil referral requirements and earn commissions.
Importantly, commissions earned as an affiliate can be substantial. Vantage pays out up to USD 1200 per client referred, as well as a monthly bonus based on the total number of clients you bring in (terms and conditions apply).
Additionally, Vantage offers clear and transparent commission tracking and speedy payouts, ensuring that the hard work of our affiliates are accurately and promptly rewarded.
Low Barrier to Entry
As far as businesses go, affiliate marketing offers one of the lowest barriers to entry. You can get started as an affiliate, with an online presence such as a social media account, blog, mailing list or website.
Of course, you’ll also need to have a following to whom you can promote your referral link, so established influencers or experienced content creators will have an easier start.
But those who are starting from scratch needn’t be discouraged, as it is entirely possible to grow and cultivate an audience as a Bitcoin trader with an affiliate program.
Marketing Support
A good affiliate program won’t leave you hanging on your own. Top-rated brokerages understand that their affiliates play a vital role, and will provide marketing support and recommendations.
Vantage provides all affiliate partners with a complete suite of marketing, traffic and other technical tools to better manage and track your goals. This helps you fine-tune your affiliate efforts to improve reach and conversions, leading to potentially higher commission payouts for you.
How to Choose the Best Affiliate Program
Reputation of the Broker
First and foremost, be sure to work with a brokerage with a great reputation. This is because you will be associating your public persona very closely with the broker you represent, and you do not want to be seen as referring clients to untrustworthy brokers.
Your brokerage should be fairly well-known with a good track record. Ensure they are known for their integrity and trustworthiness within the industry.
Support Offered to Affiliates
Beyond marketing support, you should also check what other forms of support are offered by an affiliate program.
Some useful resources include:
Education hub
Your broker should offer a library of educational materials catered to a wide range of experience levels. You can tap on blogs, articles, guides and news reports to educate your followers and alert them to important developments regarding Bitcoin.
Affiliate training
Courses, videos and lectures on how to improve your affiliate marketing efforts and increase your conversions. A live mentorship or guidance program can be invaluable in helping newcomers launch their affiliate career, or assisting veterans in developing new ideas and content.
Clear Commission Tracking and Payment System
Brokers should offer clear and transparent tracking of affiliate referrals for accountability and assurance at all times. You should be able to easily see your referral earnings in real time, and withdrawals should be fast and offered without overbearing conditions.
Commission structures should also be simple and easy to understand, and should not have complicated prerequisites or hidden clauses.
Crucially, payouts should be fair and reasonable. Affiliate programs that offer exceedingly high payouts should be approached with caution; commissions that seem too good to be true are unlikely to be sustainable.
5 tips for Affiliate Marketing
Blogging
Blogging is a powerful tool in your affiliate arsenal, especially if you’re an accomplished writer who likes publishing articles and content for an online audience.
With an active blog, you can generate a fount of original material that can generate organic web traffic, while also being repurposed for social media channels.
Explore the top AI writing tools in our latest article and elevate your content strategy!
Social Media
Blog content such as a listicle on “10 Reasons Why Bitcoin is the Future of Money” can be extracted and made into Instagram posts. You can also use what you’ve written as the basis for a short TikTok video.
But know that social media is more than just Instagram or TikTok. Broaden your horizons to include other well-established channels such as YouTube, or podcasts. Even the humble mailing list, if properly curated, can be invaluable in growing your affiliate business.
Invest in Ads
Consider boosting your content creation efforts with paid ad campaigns.
Online ads can help drive potential followers to your content or website, allowing you to capture their attention with relevant content.
Also, organic reach on social media can be difficult to build, especially in the beginning. A well-executed paid ad campaign can help you overcome starting hurdles and boost your results.
Track your Results
Speaking of results, it is important to track your affiliate marketing outcomes, and not just your potential earnings.
The goal is to gauge the performance of your efforts so you can focus on what works, and stop wasting time on what doesn’t. Over time, you will increase your understanding of your target audience and optimise your affiliate conversions.
Pay Attention to Risk Management
In developing your affiliate business, it is important to manage risk by ensuring honesty and accuracy in your marketing. You should observe ethical practices and be transparent about the risk of investing in Bitcoin, which is a highly volatile asset class.
Be wary of saying or publishing anything that is misleading or false, avoid targeting vulnerable populations, or overly exaggerating your trading results.
Consider that being open with your trading wins and losses can help establish your authenticity and make you more relatable to your followers, while striving to appear as some super trader that can do no wrong could backfire and render you unbelievable or fake in the eyes of your audience.
Unlock Potential Earnings with Crypto CFDs: Become a Vantage CPA Affiliate
In spite of its spotty beginnings, interest in Bitcoin is undeniably mounting. The popularity of newly launched Bitcoin ETFs by trusted fund managers will only further cement the cryptocurrency’s legitimacy as an investment asset.
Signing up as an affiliate could give you a front-row seat to the action as mass market investors start to awaken to Bitcoin’s investment potential.
As a Vantage CPA affiliate partner, you can enjoy comprehensive support from marketing tools to educational resources and training, along with transparent, accurate tracking and speedy commission payouts. Crucially, you will be partnering with an award-winning brokerage that is proud to offer competitively rewarding affiliate programs in the industry.
Don’t wait to unlock potential earnings with Bitcoin CFDs. Sign up for our affiliate program today.
References:
- “Bitcoin’s Price History – Investopedia”. https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp. Accessed 1 July 2024.
- “The Bitcoin Halving is Here: What Does it Mean for Investors? – Morningstar”. https://www.morningstar.co.uk/uk/news/247593/the-bitcoin-halving-is-here-what-does-it-mean-for-investors.aspx. Accessed 1 July 2024.
- “US bitcoin ETFs see $4.6 billion in volume in first day of trading – Reuters”. https://www.reuters.com/technology/spot-bitcoin-etfs-start-trading-big-boost-crypto-industry-2024-01-11/. Accessed 1 July 2024.
Disclaimer
Any information provided by Vantage to Introducing Brokers and CPA Partners is for general informational purposes only. Vantage does not guarantee the accuracy, completeness, or timeliness of the material and assumes no liability for errors or omissions. Reliance on this information is at the recipient's own risk.
This material is not financial or investment advice and should not be considered a recommendation or endorsement of any product or strategy. Introducing Brokers and CPA Partners must comply with all regulations when referring clients and must not misrepresent Vantage's services.
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