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Author : My Dirty Little Bitcoin Secrets PDF EBook by Ofir Beigel
5. Create a video tutorials site that will help people get started with Bitcoin. As you can see I was very particular about my business ideas - I didn’t just say, “I want to build a Bitcoin exchange.” I thought about focusing my exchange only to my home country. Same thing goes for the information site - I was very specific about having it video-oriented and targeted at Bitcoin newbies. Well that’s enough babble for now…..get to work and I’ll see you in the next chapter! Chapter 3: (Bitcoin) Affiliate Marketing -My Dirty Little Secret. Welcome back! Did you do your homework? Have you thought about three ideas you’d like to test in the Bitcoin space? If you did, great! If you didn’t, stop reading now and go back to doing your homework. You see just reading this book won’t get you anywhere. You have to take massive action in order to reach the success that I was able to reach and be successful. I didn’t just sit down and read a bunch of books. I tested out stuff, failed and learned along the way and that’s how you get results. Anyway I hope you’re ready since this chapter is going to give you the complete rundown on Bitcoin affiliate programs. If you have your own Bitcoin product or don’t plan on becoming an affiliate then you can skip this chapter, although I’d prefer you didn’t. Since even if you already own a Bitcoin business with an actual product that sells, using the power of affiliate programs can help increase your revenue stream.
Also, if one of the business ideas you want to test out is an information site or information product for example, you’ll still need to find a way to monetize it. Affiliate marketing is the perfect solution for this. I consider affiliate marketing to be the Blue Ocean of the Bitcoin space. I talked about Blue Oceans before and a blue ocean means a space where there is almost no competition, no one to “eat you alive” like a shark. Spaces with extreme competition are considered Red Oceans. So many Bitcoin businesses are set up each day and ALL of them are in need of customers. If you can help them bring in those customers, it’s a win-win situation. And almost nobody is focusing on this space! So I hope I’ve got you psyched, now let’s get started with Bitcoin affiliate marketing. Chapter 3.1: How Affiliate Programs Actually Work. Affiliate marketing is a type of performance-based marketing in which a business rewards an affiliate for each visitor or customer brought by the affiliate's own marketing efforts13. https://en.wikipedia.org/wiki/Affiliate_marketing. There are three players in this game. The merchant. Can also be known as vendor, advertiser, retailer or brand. Basically this is the company in need of customers. The affiliate. Can also be known as the publisher. This refers to the person who brings in the customers and advertises the brand. The network. Can also be known as the affiliate network. Sometime a merchant will turn to a 3rd party service to manage its affiliates.
This is where the affiliate network comes in. It contains offers for the affiliates to choose from and also takes care of the all of the payments and technical issues. The network also supplies you with a dedicated affiliate manager to answer all of your questions. Let’s take a look at some examples. Amazon, “the merchant”, would like to get affiliates on board to start selling its products. It opens up its own affiliate program so that different affiliates can sign up. In Amazon’s case they decided to manage their affiliates in-house and not outsource this process to an affiliate network. Another example would be Sony. Sony wants to open an affiliate program but doesn’t have the knowledge or the time to take care of all of the setup. They approach the largest affiliate network available called CJ affiliate (or in short “CJ”) and tell them that they want an affiliate program. CJ sets up a section for Sony on their website which lists all of Sony’s offers, terms and conditions. Affiliates that want to promote Sony will need to head over to CJ and sign up. Sony will, of course, need to pay CJ some sort of fee for taking care of its affiliates and setting up everything, but they prefer that over managing their own in-house affiliate network. Your job as an affiliate, if you choose to accept it. As an affiliate of a company, your job is to bring as many sales or qualified leads (contact information of relevant customers) as you can. You’ll get paid according to the terms of the specific affiliate program.
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