CBD is the non-intoxicating cannabinoid compound found in cannabis and is known to have many medicinal properties. Within the CDB niche, there are affiliate programs for CBD oil, tea, gummies, and other hemp products.
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With the legalization of CBD in South America and Canada, it is slowly gaining popularity. The laws are now more open as they are allowing stores and online marketplaces to open throughout the countries. With millions of people now investing in this business, it is the best time to earn money online with CBD affiliate programs.
You honestly don’t have to be a CBD or affiliate marketing guru to tell that this business is booming and the naturally occurring plant derivate is your best bet right now.
This blog will allow all CBD and marketing enthusiasts to combine their two interests for work and make good money with it.
Naturally, the tremendous amount of outcome has led to many opportunities for people for you to make money online with an affiliate blog. By the year 2023, the CBD online market will be around $24 billion, which means that it would easily surpass many other affiliate marketing niches, including many super ones. And these stats only represent America.
If we talk about the global market, then the number is said to be 3.4 billion dollars by 2023. So it is safe to assume that there will be an influx of amazing opportunities in the market in the upcoming years.
Like we said that the CBD market is exploding at the speed of light, so are the opportunities for affiliates. Naturally, the competition is rising and every company is looking at enthusiastic bloggers and affiliates to market their products.
According to Pat Flynn, affiliate marketing is one of the best ways to earn without investing any money, and by promoting other companies' products to earn a commission. CBD affiliate marketing is no different. You support a company by putting up advertisements and reviews on your blog and in turn, you are paid for producing leads.
There are several different payment models and advertisement types that you can leverage to your benefit. Stay with us to learn them all or scroll down and read it right now.
Affiliate marketing in general is a business model that allows you to make a living at your own pace with commissions without having to worry about inventory or logistics. This is why it is the most ideal marketing solution for the CBD genre.
With these three main reasons and the ones that we mentioned above the affiliates can place themselves strategically in the market within the booming billion-dollar industry. Those who fully commit to the field with the right dedication can even turn this side business into their primary source of income.
If this sounds like the path that you would like to commence on, let’s see the few main steps that you can take to launch your online CBD affiliate platform.
One of the best ways to start CBD affiliate marketing is via a dedicated website or a blog because product reviews are always the best in the form of content. You can always do without a blog as well, but then you would need to amp up your budget for traffic.
Therefore, it isn’t very feasible from a beginner’s point of view.
With the current technology solutions, it is incredibly easy to create a blog, simply use WordPress and other such platforms so that you can scale overtimes. Start by selecting a domain name that tells what your blog is about.
The ideal name will represent the purpose of the blog with the word CBD in it. Go with popular extensions such as .com or .org so that it is easy for people to find you online. Domain names are usually dirt cheap and the pricing starts from $15 for a year with free hosting, so you can register for it online via any suitable website. A few fun yet relevant names of CBD websites are here in the screenshot.
Content is the king and rightfully so. Your audience is essentially on the blog because they like what you put out about the CBD industry. This is why it is important to curate interesting and relevant content to generate quality traffic, which will convert into leads for your CBD affiliate marketing program.
Ensure that you regularly update your website with good content, such as product reviews, fun ways to use CBD products, recipes that you can try with hemp oil, and so on!
Barleans is one of the best CBD blogs in the world right now, if you check out their articles, you will understand that there are a whole lot of things that you can talk about when it comes to CBD.
If you focus your content on what your target audience wants, you are more likely to succeed. According to Statista, young adults between the age of 18 to 29 are among the highest consumers of CBD products, including cannabis and Hemp oils.
Similarly, people between the age of 18 to 35 are the people who post regularly about CBD products online globally. Therefore, you need to streamline your content towards them.
Here is a screenshot from a recent survey carried out in 2020.
By writing more content relating to the benefits and usage of CBD, you can attract more people who want to learn about the products. To establish yourself as the authority in the field, your website must be full of web pages with useful information for the readers. This is the only way to retain them in the long run.
The foundation of good content lies in the keywords that you use. The keywords must be current, on-trend, and easy to rank on search engines. To make it easier for you, we have a list of keywords that you can use in your future articles.
There are several other keywords that you can use and find out by running a simple Google search within minutes. Ensure that you use them correctly without stuffing them too much in your text. This way you can increase your ranking and also stay away from spamming.
Moz is an excellent website to look for keywords, they would not only help you find the best ones, but they can also provide you with detailed analysis.
We already ran a query for you on Moz and found out the results. Check out the screenshot above.
Most CBD affiliate programs allow you to sign up for them online via a form on their website. The affiliate programs are usually tucked on the bottom of the page along with the contact information and the blog.
If you are already sure of what program you want to opt for, then you can search for it easily. If not, then you can select one from the list above and pick one or more of your choice.
Alternatively, you can always do a Google query and you will find lists after lists of programs and networks that you can be a part of.
While doing good research and background can tell you if your program is legit or not. It is a good idea to speak with other affiliates and check out their ranking on affiliate support platforms. As CBD is now growing at an exponential rate, so are the affiliate networks for this niche.
Therefore, you will find all sorts of programs listed on Google. To save yourself from any unfortunate incident in the future, you can always opt for one from our list and save yourself from trouble.
Compared to other digital money-making avenues, affiliate marketing is relatively better and quick. However, when it comes to CBD the affiliates are often confused as to how and when do they get paid. Unlike insurance, they cannot assure themselves that they would get a commission whenever someone signs up for it.
Therefore, even though the payment models are similar to the other affiliate niches, the actions are quite different.
PPS or CPS models are one of the most used payment models for affiliate marketing. In most CPS programs, the company pays the affiliate a percentage of the total sum of the purchaser’s cart after the action has been completed.
The said action here defines the purchase of any CBD product that the service offers. Cost per model does not depend on the complete purchases, sometimes the companies also pay the affiliate when they direct quality traffic to their website.
Pay per lead is becoming increasingly popular as a payment model CBD affiliate marketing payouts. In this payment method, affiliates most definitely have to drive active leads who will complete the action once they are on the website.
The action can be different for multiple programs, some programs will ask you for email signups, others are more interested in complete purchase, and some might want the customers to download an ebook about CBD.
So no matter what the action is, if you can assist them in doing it, then they will pay you a flat rate for it!
CPM programs are suddenly declining, especially after the increase in the number of CBD affiliates in recent years. This is mainly because the program is only offered by big companies, such as The Independent.
This payment method asks the affiliate to add a banner to their website with a special affiliate tracking link on their website, newsletter, blog, or any other digital entity. Companies then pay the affiliates a flat rate on every 500 or 1 000 views on the banner.
This payment model mainly is for affiliates who generate traffic in massive numbers each day, therefore, it isn’t very fruitful for new prospects. It is best to opt for this model when you have established yourself as an authority or if you already own a digital space dedicated to CBD enthusiasts.
As with any other affiliate marketing niche, it is practically impossible to determine how much you are going to earn before you dip all four fingers in. This is because your earnings depend entirely on you and on how much traffic you can generate to your affiliate marketing link.
Many companies will pay a new affiliate anywhere in the range of 15% to 30% and might increase their rates depending on the performance and the quality of work that they provide. If your content can influence customer’s CBD purchases and you can link them up to the website, then you are golden.
One easy way to make money from multiple resources is to sign up for several different programs. This way you won’t be dependent on only one source of income. You can earn passively even when you are asleep when customers come across your link.
This year the CBD industry has already made 2.1 billion dollars in America alone, therefore, it is safe to assume that there will be many opportunities for you to seize the day in the years to come.
Thanks to Statista and Hemp Business Journal, this screenshot clearly explains the growth rate of cannabidiol products in the US alone.
However as more and more affiliates join in, it will become more competitive and everyone would have to come up with unique ideas to keep their business afloat. To help you out, we have two top tips so that you can keep on earning a passive income.
Conclusion
The CBD industry is growing at double the pace since the legalization in some countries, such as most of Europe and South America. This is why it has gained a lot of attention from different people, including those who want to quit their smoking habits, college students looking for a better alternative, or people with certain health conditions.
CBD companies are now looking for effective techniques to sell their products to a global audience and this is how you can become a part of the ever-evolving CBD market. It is an incredible niche for affiliate marketers and the commission rates are high and fresh due to the young market.