Banks pay for each client they bring in
Posted: Thu Feb 13, 2025 6:53 am
This is not the only mechanism of work in affiliate programs. You can share a contact personally - transfer data of potential buyers to the customer company. In offline business, coupons and promotional codes are sometimes used. That is, the mechanics of work depend on the specifics of the business and the type of program.
Types of Affiliate Marketing
There are three main types of affiliate marketing: referral and affiliate programs, collaborations or cross-promotions.
Referral programs
This type of affiliate marketing is designed for existing customers of the company. They are asked to recommend products and services to their friends, relatives and acquaintances. As a reward, they receive money, as well as discounts or points that can be used for future purchases.
Attracting partners to a referral program is easy - just contact your clients through the channels available to you and colorfully describe the benefits of such cooperation.
For example, most banks run a "Bring a friend" promotion. Bonuses for registering a new product are often received not only by the partner, but also by the person who came on his recommendation.
This is the so-called involved type of affiliate marketing. The main advantage iceland phone number list is that the person uses the product himself, and therefore can tell in detail and reliably about its advantages. Therefore, the level of trust and conversion to purchase in this case is higher.
Affiliate programs
The affiliate marketing program is intended for those who are not clients of the company. In this case, more complex schemes for finding partners and interacting with them are used:
Own networks. The seller independently searches for partners and sets up a system of working with them, for example, launches a website with a personal account for affiliates and advertises the program. This method of promotion is more often used in large businesses.
CPA networks. The advertiser places an offer — a description of his program — on special platforms that aggregate offers from many customers. Such platforms take on the attraction of potential partners, and also offer a service for collecting statistics and making mutual settlements.
When attracting clients through affiliate networks, the customer pays a commission not only to the affiliate, but also to the CPA platform. Here are some popular platforms: Admitad, Leads, Adv.Cake.
Types of Affiliate Marketing
There are three main types of affiliate marketing: referral and affiliate programs, collaborations or cross-promotions.
Referral programs
This type of affiliate marketing is designed for existing customers of the company. They are asked to recommend products and services to their friends, relatives and acquaintances. As a reward, they receive money, as well as discounts or points that can be used for future purchases.
Attracting partners to a referral program is easy - just contact your clients through the channels available to you and colorfully describe the benefits of such cooperation.
For example, most banks run a "Bring a friend" promotion. Bonuses for registering a new product are often received not only by the partner, but also by the person who came on his recommendation.
This is the so-called involved type of affiliate marketing. The main advantage iceland phone number list is that the person uses the product himself, and therefore can tell in detail and reliably about its advantages. Therefore, the level of trust and conversion to purchase in this case is higher.
Affiliate programs
The affiliate marketing program is intended for those who are not clients of the company. In this case, more complex schemes for finding partners and interacting with them are used:
Own networks. The seller independently searches for partners and sets up a system of working with them, for example, launches a website with a personal account for affiliates and advertises the program. This method of promotion is more often used in large businesses.
CPA networks. The advertiser places an offer — a description of his program — on special platforms that aggregate offers from many customers. Such platforms take on the attraction of potential partners, and also offer a service for collecting statistics and making mutual settlements.
When attracting clients through affiliate networks, the customer pays a commission not only to the affiliate, but also to the CPA platform. Here are some popular platforms: Admitad, Leads, Adv.Cake.