Affiliate marketing has become an extremely popular way for people to earn passive income online in recent years. As an affiliate, you can promote products or services and earn a commission when someone makes a purchase or completes a desired action through your affiliate link. Investing affiliate programs allow you to earn commissions by driving traffic to financial services platforms and brokerages. There are many benefits of joining investing affiliate programs compared to other niches – financial products generally pay very high commissions, and investors are often high quality leads who bring long-term value. In this article, we will explore the basics of affiliate marketing, look at some of the top investing affiliate programs, and provide tips on how to get started and succeed as a financial affiliate.
Affiliate marketing provides flexible earning opportunities with relatively low barrier to entry
The beauty of affiliate marketing is that anyone can get started, you don’t need any particular skills or experience. All you need is a website or platform to promote affiliate links. Many successful affiliates simply create content on blogs, YouTube, social media to drive traffic to affiliate offers. There’s no customer support or fulfillment required on your end – you simply refer customers, while the merchant handles the actual selling. This makes affiliate marketing a great option for earning passive income with a relatively low time and monetary investment. These factors make affiliate marketing attractive for those looking to earn extra income online.
Investing niches provide high commission rates compared to other verticals
One of the biggest allures of investing affiliate programs is the lucrative commission rates. For example, financial services platforms may pay anywhere from $25 – $200+ per funded account or deposit, with some brokerages even offering recurring trail commissions. Insurance and credit card offers also pay very well. This means you can potentially earn thousands from a single referral. Compare this to promoting physical products on Amazon where commissions are often in the 4-10% range. With investing offers, you maximize your earning potential and can grow a large affiliate income with relatively low volume.
Investors tend to have high lifetime value for financial platforms
A key metric for affiliate programs is customer lifetime value (LTV) – how much revenue a referred user generates over the lifetime of their relationship with the merchant. The LTV of investing affiliates tends to be very high because referred users are serious about growing their money, so they bring recurring value through trading activity, account fees, interest payments etc. Financial platforms love working with investing affiliates because the volume + lifetime value combination is highly profitable. As an affiliate, you want to look for offers with high LTV users when possible.
Top programs to consider for investing affiliates
Some of the top investing affiliate programs include:
– Wealthsimple Trade – Up to $150 CAD per referral, plus $25 trailing commission
– Questrade – Up to $230 CAD per funded account
– Interactive Brokers – Up to $200 USD per funded account
– TD Ameritrade – Up to $200 per funded account
– SoFi Invest – Up to $300 per funded account
– Coinbase – Up to $100 per user completing ID verification
– LendingClub – $100 per loan funded
These are just a few examples, but give you an idea of commission potential. Focus on widely-used, reputable platforms in your region to maximize earning.
Tips for succeeding as a financial affiliate
Here are some tips to help you maximize success as an investing affiliate:
– Produce dedicated content focusing on your niche – e.g. opening a trading account, robo advisor comparisons, how to invest in real estate syndications etc. This establishes you as an authority.
– Promote affiliate links subtly – don’t be overly promotional. Provide genuine value first.
– Build an email list and promote affiliate offers to your subscribers. Email marketing converts very well.
– Test different affiliate programs in your niche and double down on the ones converting best. Master 1-2 platforms rather than promoting many.
– Make sure your website is optimized for SEO and user experience. Ranking high in search and having a smooth site converts traffic well.
– Leverage paid advertising channels like Google, Facebook Ads to scale traffic. Target interest-based audiences.
– Track your performance and continue optimizing your content and funnels based on data.
In summary, investing affiliate programs present an exciting opportunity to earn high commission rates promoting financial platforms to targeted audiences. With the right combination of high-value content, optimized user experience, and targeted paid ads, you can build a sustainable affiliate business model in the investing space.