Introduction into Referral & Affiliate Systems

Bitcoin is a great thing. Not only provides Bitcoin new ways of payment but it, too, provides new ways to make money to all people. All it needs to earn your income with Bitcoins is some time. This tutorial will teach you how to set up your personal income plan to earn some extra money with Bitcoin and AdBit. 

The very best way to earn some Bitcoins with your time is to set up your personal "Referral & Affiliate Model". Many websites have implemented Referral & Affiliate Marketing Systems (RAMS) as methods of promoting products or services to new customers through referrals, usually word of mouth. Even though experts will tell you that "referral systems" and "affiliate systems" are distinct in some way, we see both as an economic approach to make money by referring users to websites and online campaigns (read more on Affiliate Systems on Wikipedia).

RAMS are performance-based systems in which a business (website) rewards you for each visitor or customer brought by your marketing efforts. There are 3 different parties involved in the RAMS:

  • the merchant (also known as 'retailer' or 'brand'),
  • you as referrer or affiliate and
  • the customer.

To enable you to spread the word about a merchant and his products you need to have the necessary means. Usually you will be provided with link (referral link or affiliate link) that can be distributed from you via Email, social media channels or ad networks like AdBit.

RAMS are around since decades already but they really took off with the rise of the internet. We assume that Bitcoins (along with other cryptocurrencies) will make RAMS one of the business models of the future for billion of people all over the world.

 

 

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