What CBD Affiliate Program is about?
CBD is a trend that keeps growing by the day. This growth has been enhanced by marketing strategies like affiliate programs that many companies have adopted. This strategy is particularly crucial given that there are Ad restrictions when it comes to marketing CBD products. The affiliate programs help spread the good news of the benefits of CBD. As an individual, it is also a great opportunity for you to earn some money.
What is A CBD Affiliate Program?
Before talking about this, it is essential to know what CBD is all about in the first place. CBD or cannabidiol is a compound extracted from the hemp plant and is used as a form of medication due to its numerous health benefits. It is useful to both humans and animals and can be used to treat common and severe diseases like diabetes, cancer, anxiety, pain, arthritis, seizures, and epilepsy to name a few. You can learn more about its benefits here.
Cannabidiol was legalized in the United States in 2018 and since then, it has seen a tremendous following, with its usage so much so that it is now available in different product forms. The most common of these are CBD oil, hemp flowers, vapes, cigarettes, capsules, pills, and gummies. Others include sprays, cosmetics, tea and for animals, CBD treats.
It is understandable if you are worried about getting high from using it since it is extracted from the cannabis plant. To allay your fears, the hemp plant contains little or no THC, which is the substance that gives the plant its psychoactive property that makes a user high. More so, in the United States, the legally allowable limit for THC is just 0.3% and this is not enough to get a user high.
Since its legalization, there have been many players involved in the cannabidiol industry. Its chain of production include farmers, cultivators, extractors, manufacturers, retailers, and of course users. Affiliate program is an opportunity for you to be a part of this chain, earning some income in the process. You may not be able to grow, cultivate, extract, or manufacture cannabidiol but you sure can earn by telling people about it and encouraging them to buy CBD products. This is what the affiliate program is about.
How It Works
In a CBD affiliate program, the merchant which is the company such as Cheefbotanicals, pays a commission to you based on the inflow of customers directed to their website through your personalized link that you share with friends, family, colleagues, and others via any medium. This medium can be a blog, a website, a vlog, your social media platforms or it can even be via instant messaging.
Commissions which can range from 10% to 35% depending on the company may be paid for clicks and while for some programs, it is paid only when there is an actual purchase. This in effect offers benefit to both the merchant and the affiliate. All that the affiliate needs to do is place their personalized link wherever they wish where visitors to their platform can easily find and click on it. This directs the user to the merchant site and when a user buys the product, the merchant takes care of shipping and everything else.
To make substantial revenue, an affiliate needs to ensure that their personalized links are targeted and draw good traffic.
How to Participate
Participating in an affiliate program is quite simple. All you need to do include:
- Finding a reputable CBD company and registering with them.
- Getting the relevant information on requirements, guidelines, commission rates, payments, etc. on the program.
- Getting your personalized link and promoting same on your different platforms.
- Getting paid a commission fortnightly or monthly depending on the program that you join.
You can see more tips on getting started with affiliate marketing in this article https://www.thebalancesmb.com/launching-affiliate-marketing-business-2531501
How Much Can You Earn
Standard commission rates in the industry range from 10-15% though some programs can offer you up to 25% to 35%. Whatever commission you get, the amount you earn is based on you since it is based on how much traffic you can direct to the merchant’s site. The more the merrier. Also, keep in mind that some products may have greater commissions than others.
Affiliate programs are a good way to earn passive income. By placing your personalized link in strategic places where visitors to your platform can easily see and click on them, you will be earning from the CBD value chain without stress. Initially, you may need to do a lot of sensitization but as you go on, it gets easier.
Keep in mind that every affiliate must follow local, state, and federal laws that apply to this form of marketing. Note also that merchants track whatever you do to forestall incidences of wrongdoing. They reserve the right to either suspend or remove an affiliate from the program without warning. You should therefore ensure that everything is done strictly according to the guidelines you are given.