Everything is getting more expensive these days, and even a small extra expense can result in an immediate need for cash. If you’re looking for some extra cash to pay the bills during these times of high inflation, you can help people access their paychecks faster while you earn one yourself.
A payday loan affiliate program allows you to make money as a contractual partner between loan providers and those looking for a payday loan.
Become a lending partner with these five easy steps:
1. Join a loan affiliate program and set up a website
The first step in becoming a loan partner is to fill out an application with a loan partner company. This company will assist you by providing credit to customers you contact. Make sure you research the company carefully and ensure that they reliably review and grant loan applications and pay your commission.
Then you need to set up your website and get people there to fill out a loan application and get automatically connected to companies that offer loans. As you will see below, you want your website to embed widgets from the loan partner company, have blog content, and create an email sales funnel.
2. Start bringing people to your website
You need web traffic to get people to apply for payday loans on your website. Some ways to generate traffic is to write articles using SEO keywords to get your website to the top of the search engine list when people search for those words. Regular blog posts are an excellent way to do this.
You could also use paid advertising. Many social media sites have their own advertising programs. Consider your customers and the platforms they use, and tailor an advertising campaign to them.
3. Prepare your marketing strategies
You can promote your loan partner website by placing ads on other websites, promoting on social media and building email lists. You should try to combine as many of these options as possible.
Old-school advertising can also work well. Radio announcements, TV commercials, or a newspaper page can all help bring people to your site. This approach is less targeted but reaches many people at once.
4. Use the tools provided by Payday Loan Affiliate Company
When you become a lending partner, you want to make sure you’re working with a company that provides the tools you need to attract customers. These include an application programming interface (API) to add multiple lenders to your sales funnel and website widgets to easily embed the basics of your website, like the loan application form.
5. Get paid when you become a loan partner
When you become a loan partner, you have the low start-up costs of simply creating a website and embedding the loan application form. After that, how you generate leads is up to you. Once you start the application flow, you can generate up to $250 per lead and earn the extra money you need while helping others get their money faster.