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.
Here are some facts about the Robinhood affiliate program to get you started.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Here’s an overview of the program’s best features:
Here are a few drawbacks of the program:
Overall, it is worth it to use the Robinhood affiliate program.
Its analytics and sales conversion process makes it easy to run profitable campaigns.
Interested? Don't wait - join the program today
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.
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.
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.
The Robinhood team will review your application.
If you’re approved, your next step involves setting up an account on the Impact website.
Robinhood says it will review your application within two days.
After that, you can sign up at Impact to begin your first affiliate promotion.