In the 21st century, you can earn money in any way and anywhere, even without leaving home. Passive income is especially valuable, which, once set up, can generate money without active participation. This is exactly what earning from referrals on the Internet is. What it is and how to approach it – you'll learn from this article.
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Earning from Referrals Without Investment: What Is It?
A few definitions to better understand what earning from referrals is:
- referral link – a unique URL created specifically to attract new users or customers to a particular product or service;
- referrals – people who register or make a purchase by clicking on your referral link. For each new referral who performs certain actions (e.g., registration, purchase), you receive a reward. Thus, you receive/create a referral link and distribute it to as many users as possible so that they click on it and perform the necessary actions (most often – purchasing goods).
Earning from Referrals: Types of Affiliate Programs
In principle, there can be any number of types of such activities. We will highlight the most basic programs that allow you to earn from referrals:
- CPA (Cost Per Action) – payments for a specific user action (registration, subscription, filling out a form);
- CPL (Cost Per Lead) – payments for a lead, for example, for registering a potential client;
- CPS (Cost Per Sale) – payments for a completed purchase;
- Revenue Share – profit sharing, you receive a percentage of the profit brought by the client you attracted.
How Much Can You Earn from Referrals?
This question remains open, as it depends on many factors, including the platform you work on, the number of users attracted, and their activity. You can either receive a solid passive income or abandon this occupation without getting a return in a short time. And then you definitely won't know how much you can earn from referrals. Specific figures can be found in the last section of this material, where we present our top best platforms for affiliate programs.
Is It Worth Earning from Referrals: Pros and Cons
Like any activity, this one has its advantages and disadvantages. What makes earning from referrals good:
- Passive income – After setting up the link, income can come in regularly;
- Low entry threshold – Doesn't require significant investments;
- Flexibility – You can work at convenient times and choose programs of interest.
And here's why people sometimes choose earnings without referrals:
- Competition – High competition among partners;
- Dependence on program conditions – Conditions can change, affecting income;
- Promotion required – You need to know how to attract referrals.
Earning from Referrals: Websites and Platforms
We've compiled our list of platforms where you can set up significant additional income by earning from referrals. Both Russian and foreign services are presented. Here's our TOP-20 best affiliate programs:
- AliExpress:
- Description: Chinese marketplace specializing in selling a wide range of goods;
- What they offer: Up to 9% commission on sales;
- Amazon Associates:
- Description: The largest online sales platform worldwide;
- What they offer: Commission varies from 1% to 10% depending on product category;
- Booking.com:
- Description: Leading service for hotel and accommodation booking;
- How much they pay: 4% of the booking cost;
- Yandex.Market:
- Description: Russian online trading platform with a wide range of products;
- How much they pay: Earning from referrals without investment up to 2% of the product cost;
- Joom:
- Description: Online shopping platform with a large selection of goods;
- How much they pay: Up to 10% of the product cost;
- Sbermarket:
- Description: Online delivery service for groceries and essential goods;
- How much they pay: Up to 5% of the order cost;
- Leroy Merlin:
- Description: Home improvement and renovation store;
- How much they pay: Up to 7% of the product cost;
- Sportmaster:
- Description: Chain of sports goods and clothing stores;
- How much they pay: Up to 6% of the product cost;
- Fiverr Affiliate Program:
- Description: Affiliate program for the freelance platform;
- What they offer: Payments up to $150 for each attracted client;
- Shopify Affiliate Program:
- Description: Affiliate program for creating online stores;
- What they offer: Payments up to $2000 for each attracted client;
- ClickBank:
- Description: Platform for promoting digital products;
- How much they pay: You can earn from referrals up to 75% of the product cost;
- Rakuten Marketing:
- Description: Affiliate network with many advertisers and a wide range of products;
- What they offer: Commission varies depending on the advertiser;
- How much they pay: Depends on the specific advertiser's conditions;
- eBay Partner Network:
- Description: Affiliate program from the popular internet auction;
- What they offer: Commission from product sales;
- How much they pay: Up to 6% of the product cost;
- T-Bank:
- Description: Russian online bank with various financial products;
- What they offer: Commission for opening an account or card;
- How much they pay: Specific monetary reward is set depending on the product;
- Alfa-Bank:
- Description: One of Russia's largest banks with a wide range of financial services;
- What they offer: Commission for opening an account or card;
- How much they pay: Specific monetary reward is set depending on the product;
- Leadpages
- Description: Platform for creating landing pages and generating leads;
- What they offer: Earning from referrals in the form of commission up to 50% of the subscription cost;
- HubSpot
- Description: Platform for marketing and sales;
- What they offer: Commission up to $500 for each attracted client;
- Udemy
- Description: Online learning platform;
- What they offer: Commission up to 50% on course sales;
- Teachable
- Description: Platform for creating and selling online courses;
- What they offer: Commission up to 30% on course sales;
- GetResponse
- Description: Email marketing platform;
- What they offer: Commission up to 33% of the subscription cost;