Earning money through referrals is one of the easiest ways to earn money online that does not require specific knowledge. Just recommend your friends, readers or subscribers banking products, services, games or goods in shops and get agency commission for their purchases. In this guide we have detailed all the most important things about earning through referrals: how to attract them, which offer to choose, how to stimulate the activity of referred users. But first, let’s define the basic concepts of earning, which we will operate in this course.
Who is called referral?
A referral is a user that you attract to a service or online shop for a certain fee. Your fee for referring a user can be fixed (for example, 1 referral = $0.75), or it can be a certain percentage of the user’s purchases. In this case, the model of interaction between the advertiser (shop, service) and you as a webmaster is called revenue sharing. The second option is when the amount of your earnings depends on the amount that the user has spent in a particular service (the earnings model is called CPA).
What is a referral programme?
A referral programme is a model of mutually beneficial partnership between a shop (service) and a webmaster, where the shop pays the webmaster for attracting new customers (users). Both parties benefit from participation in the programme: the webmaster earns money and the shop (service) expands its audience.
What is a referral link?
A referral link is a special hyperlink that allows you to track the number of conversions and registrations made from a specific source (website, blog, social media group).
How is earning through referrals built?
Earnings through referrals are inevitably built on the extraction of traffic and its redirection to the partner’s site. Each novice webmaster must initially decide where he will look for referrals. It’s good if you already have your own blog, social media account or website. But if you are taking your first steps in manimaking, it is worth looking at free sources of traffic:
- message boards;
- posting to communities in social networks;
- e-mail distribution (if you have a database of addresses);
- motivated (paid) traffic.
Most affiliates accept traffic from other (paid) sources as well. For example, you can set up targeted or contextual advertising. In the case of earning on referral programmes, everything is individual and depends on the advertiser.
To get access to participation in referral programmes, register with ePN, choose the shop or service you want to cooperate with, and start earning from referrals!
How do I make money through referrals with ePN?
Register with ePN and you will have access to cooperation with more than 200 online shops and online services. In order to start earning through referrals, you need to apply for co-operation with a particular partner. This takes no more than a minute and is done in the “Platforms” section.
Once you’ve got approval from tech support, you can start creating your first referral hyperlink.
Creating a referral link to make money
The screenshot shows the process of creating a referral hyperlink to earn money: you can choose an offer (online store) and one of your sites. Copy the url of the partner’s page to which the link will lead, and write your own name of the creative (it will be useful for evaluating the effectiveness). For your convenience, ePN has a hyperlink shortener.
A referral link allows you to track all the transitions and target actions (purchases, registrations) made through it, and it is this link that your subscriber must follow in order for his action to be counted by the system and you to receive a reward. Referral links of each webmaster are unique, so the store-partner will never confuse from whom this or that customer (user) came.
Below we will talk about placing and promoting referral links.
Where to place a referral link?
Beginning webmasters often forget to decide where to place a referral link to bring a stable income. Let’s share some of our experience.
The first way to place a referral link – blog 2.0 – the platforms that allow you to create your own website for free: without the cost of hosting registration of the domain name. The most famous blog of this type – created by Google blogspot.com (a.k.a. blogger.com). Here you can create a simple blog, optimise the title of the article and text for a search query (for example, “cashback for travel”) and wait for visitors to appear. Due to the fact that Blogspot is well indexed by Google, there are chances to get traffic and registration.
The second way is posting to a group or your social media account. Monetisation of social networks is not only advertising revenue! You can monetise your Vkontakte group with affiliate links: just recommend interesting goods to your subscribers, announce a sale or tell about another special offer, and get a percentage of your audience’s purchases.
Another way to promote a referral link is to organise an e-mail newsletter. Popular email services (Mail Chimp, etc.) give free “packages” for a certain number of letters, so if you have a database of users’ email addresses, you can earn good money by distributing your referral link.
To summarise the section, let’s say that the number of methods of promoting referral links is limited only by your imagination and financial possibilities. Both paid and free methods are in your hands. Experiment with the presentation of information and creatives, and the profit will not make you wait long!
How to earn a dollar per referral?
If you want to earn dollars for referrals, take a look at our Backit Fix offer – you will get 0.75 USD reward for referring one user to ePN cashback service. Cashback is a very popular service today, so it’s easy to find referrals for this offer!
ePN also pays a lifetime percentage of cashback of the referring user according to the revenue share model. A good opportunity to earn for those whose subscribers actively buy things online!
What is a referral link?
A referral link in marketing is a specially customised link that counts the clicks made on it and pays a monetary reward to the referrer. Referral links are also often referred to as affiliate links.