Robinhood Affiliate Program
Looking for a new affiliate program to join?
Look no further than the Robinhood affiliate program.
The commission-free stock trading and investing app has something for everyone, and its affiliate program is no different.
In this article, we give you an overview of the Robinhood affiliate program, along with ideas about how to offer it on your blog.
We also tell you how to join the program so you can start earning commissions today.
Brett Helling is a digital marketing expert with over 10 years of experience building, managing, and scaling websites.
Here are some facts about the Robinhood affiliate program to get you started.
- Cost Per Action (CPA): $5 per lead
- Commission Rate: $20 per account
- Cookie Duration: 30 days
- Payment Payout Threshold: $50
- Payment Options: Bank account or PayPal
The Robinhood Affiliate Program allows bloggers, influencers, and niche website owners to earn commissions by promoting the Robinhood app.
After signing up for free, affiliates receive a unique link to share on their platforms. Each time someone clicks their link, opens an account, or completes qualifying actions, the affiliate earns a commission.
Affiliates can promote Robinhood through blog posts, social media, or other content to encourage followers to try the app.
Products to Promote
Robinhood allows you to promote its app while focusing on five main categories offered to customers when they open up a Robinhood account.
Let’s look at these categories to understand the features and benefits to sell to your prospects.
Earn Cash
Along with other checking accounts for small businesses, your Robinhood customers can start earning a higher interest rate on their uninvested cash reserves.
Tell prospects about the Robinhood Gold option that pays over 20% more than the national average savings rate.
You can help your followers earn 3.75% of the money they already have sitting in checking and savings accounts.
Earn Income Via Stock Lending
With “stock lending,” your followers can start earning income on the stocks they already own.
When someone borrows a stock from somebody else, they have to pay a fee.
That fee goes to the person who owns the stock (i.e., your follower).
Robinhood does all the work of finding those borrowers who will help your customers make more money.
Start Investing in Stocks, ETFs, and Options
The Robinhood app is a commission-free stock trading platform that your followers can use to buy and sell stocks, ETFs, and options.
They don’t have to pay any fees to get started, and they can start with as little as $1.
Invest in Crypto
With Robinhood, your followers can start buying and selling cryptocurrency.
They can buy Bitcoin, Ethereum, Litecoin, and other digital assets.
Once again, they can begin with as little as $1 without paying the fees charged by other crypto exchanges.
Use the Robinhood Cash Card
While many credit cards for startups exist, you might want to sell your prospects into the Robinhood app by showing them the Robinhood cash card.
The cash card is a debit card that offers rewards for spending.
When customers use the card, they get a percentage back on every purchase they make.
Other Things You Can Promote With This Program
In addition to promoting the main features of the Robinhood app, you can also sell your audience the education provided by Robinhood.
The company puts out a newsletter called “Snacks.” Additionally, the company offers its “Investing 101” courses.
You won’t get paid to promote Robinhood’s free education.
However, use them to convert more people into buying the app.
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The amounts of income for bloggers who choose to promote Robinhood will vary.
The amount of money you make from Robinhood affiliates will differ compared to other affiliates due to the size and reach of your blog, how many sales you produce, and your conversion rate.
If you’re an affiliate marketer, look at your affiliate promotions in the same manner you would when running a business where you sell proprietary products.
Work hard to provide better offers than other Robinhood affiliates do.
Doing so will differentiate you in the market and help you earn more commissions.
Robinhood Affiliate Program Commission Rates
The Robinhood commission rate works differently than other affiliate programs.
ClickBank is full of profitable programs, for example, that offer specific percentages on the sales generated by your affiliate business.
For instance, you might sell a ClickBank course priced at $1000.
If the vendor pays you a 40% commission, you will receive a $400 commission on every course sale.
Per Lead Commission
You can run lead generation campaigns to make money with the Robinhood affiliate program.
In this scenario, you will drive traffic from your social media platforms or blog with the intent of producing leads for Robinhood.
You don’t need to convert any sales. Instead, Robinhood will pay you $5 per lead.
Funded Accounts
The second way to earn commissions with Robinhood is to convert your audience into Robinhood app sales.
Robinhood will pay you $20 each time one of your followers opens up a funded account.
How Long Does the Robinhood Cookie Last?
The Robinhood affiliate cookie lasts for 30 days.
This cookie means you can get a prospect to click one of your affiliate links today.
Even if they don’t convert into a lead or sale until 30 days from now, you will still receive the affiliate credit.
How Payments Work
Join Robinhood's affiliate program to earn by referring users to its investment platformRobinhood hired Impact to run its affiliate program.
Impact helps with creating payouts for affiliates by tracking affiliate commissions and generating affiliate links.
To figure out how much you’ve earned and when you’ll get paid, log into your Impact affiliate dashboard.
Choose to have your payments deposited either into a PayPal or bank account.
Select your payment threshold at the same time.
When your account reaches $50, Impact and Robinhood will allow commission payments.
You can also select a higher threshold if you’d rather receive fewer high-paying deposits.
When Does Robinhood Pay Affiliates?
Robinhood will compensate you in two payment periods, as determined by Impact.
There is an action locking and payment scheduling period.
When Impact locks your commissions, those commissions will soon go into your account.
You will receive a monthly payment for any locked commissions earned during the previous month.
Is the Program Worth It?
You might wonder whether it’s truly worth it to join the Robinhood affiliate program.
One way to decide is to review the advantages and disadvantages of the program.
Pros of the Robinhood Affiliate Program
Here’s an overview of the program’s best features:
- Lead Revenue: Most affiliate programs require you to close the sale. You can make money by simply driving your traffic to Robinhood’s landing pages and generating leads. It’s typically easier to create leads than to generate sales.
- Robust tracking and Reporting: You need good data to run a successful affiliate business. Thankfully, Robinhood provides you with all the analytics you need to track your advertising campaigns.
- Wide Variety of Creative Assets: Robinhood gives you banners, text links, product images, and even custom landing pages. You have everything you need to create a successful marketing campaign.
- Easy To Sell: Robinhood’s app is easy to sell because it’s commission-free. And it’s a popular product in a growing industry. Most people already want to invest. You can position your Robinhood offer in front of them and earn a generous income.
- Frequent Promotional Opportunities: Robinhood gives you regular promotions and bonuses that you can use to drive conversions. These promotional opportunities keep your campaigns fresh and help you earn more money.
Cons of the Robinhood Affiliate Program
Here are a few drawbacks of the program:
- Commission Rates: Although Robinhood’s commission rate is fair, it is not one of the highest-paying affiliate programs. You will need to generate a lot of traffic to close enough sales to make a large income.
- Affiliate Agreement: Impact uses a 12-month affiliate agreement. In one sense, it locks you in with a firm affiliate relationship for the year. On the other hand, what happens if you soar to the top of the affiliate board? You can’t negotiate a higher commission.
- Impact’s Offers: You will discover that Impact offers hundreds of offers to you as an affiliate. If you’re not careful, you could become distracted by selling too many offers at once.
- Proprietary Software: If you own a more mature business, you might use proprietary apps or software to integrate your affiliate links. Be aware that affiliates outside of the United States often need to set up multiple Impact accounts, which can affect your API process.
- Competition: The personal finance niche is highly competitive. You will need to work hard to stand out from the other bloggers and podcasters in your niche.
Conclusion: Is the Robinhood Affiliate Program Worth It?
Overall, it is worth it to use the Robinhood affiliate program.
Its analytics and sales conversion process makes it easy to run profitable campaigns.
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How to Join
The Robinhood affiliate program is easy to join.
Although it is a simple process, there are a couple of things to know to ease you into selling for Robinhood.
Requirements To Join the Robinhood Affiliate Program
The first thing you must do is fill out Robinhood’s affiliate application.
Before accepting you into the program, Robinhood wants to learn everything it can about you and your affiliate business.
It wants to see information regarding your social media platforms, target audience, and blog traffic numbers.
How To Apply [Step-by-Step Tutorial]
You can’t get any affiliate links inside an Impact account until the Robinhood team accepts you into its program.
To get their approval, sign up using the form on the Robinhood website.
Take these steps to do so.
- Step 1: Go to the Robinhood affiliate page.
- Step 2: Read about the perks and other affiliate program basics.
- Step 3: Click on the “Apply Now” button.
- Step 4: On the next page, fill out the required information.
- Step 5: Select your company name and language.
- Step 6: Enter your website, business region, and banking country.
- Step 7: Enter your currency and timezone.
- Step 8: Enter your address and phone number.
- Step 9: Enter partnership type (i.e., content creator or health publication).
- Step 10: Click on “Continue” to enter your email address.
- Step 11: Fill out your tax information.
- Step 12: Review your application and click on the “Submit” button.
The Robinhood team will review your application.
If you’re approved, your next step involves setting up an account on the Impact website.
- Step 1: Click the “Find Brand Partners” button on the Impact home page.
- Step 2: Use your desired sign-up method (Google, Facebook, LinkedIn, email, and more).
- Step 3: Input your name and username.
- Step 4: Input your email address and password.
- Step 5: Input your phone number.
- Step 6: Read the disclosures.
- Step 7: Click on “Get Started.”
How Long Does It Take To Get Approved for the Robinhood Affiliate Program?
Robinhood says it will review your application within two days.
After that, you can sign up at Impact to begin your first affiliate promotion.
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