How to choose the best affiliate program that pays daily
Before you opt into a daily pay affiliate marketing network, let’s establish some important criteria. This way you’ll know how to navigate so many different affiliate programs and their offers.
Pick a product within your niche
First and foremost, the best affiliate program is the one that fits your niche. Treat what you do like an online business with a specific product positioning. It’s only logical that you should pick a niche that aligns with the pains and needs of your audience. For example, it would be weird if you tried to push beauty products in an email about mining equipment.
Inquire on commission model and rates
Surely, payment is always the most interesting part. To predict your future income from an affiliate program, you need to know its commission model and rates.
Commission rates define how much money you’ll get when you take up an offer. It can be a fixed amount or a percentage, depending on what commission model you deal with.
Commission models define what exactly you get paid for. Advertisers seek certain results when they post their offers. You should be aware of them, so your marketing efforts are focused on the right thing. If a company wants sales, they’ll pay you every time a purchase is made through your affiliate link. In such cases, you usually get a fracture of each sale. When companies want leads, they tend to pay a flat rate for each new potential client you bring them.
Each affiliate program’s commission model is indicated in the headline of each offer. Most often you’ll see one of these four types:
- Cost per action (CPA) — you get paid for people performing a certain action, e.g. registering, completing a survey, making a purchase, etc. In this case, you get paid for any interaction with your affiliate link. That’s why it’s the most common model in daily pay affiliate marketing — it makes daily payments feasible.
- Cost per sale (CPS) — you get paid for completed purchases of an advertised product. Although this model is the most common in affiliate marketing in general, it can become problematic if you sign up for a daily payment affiliate program. For example, if you already got paid for a sale and this customer requested a refund, you may end up owing your advertiser. So, be careful and pay attention to the program’s refund policy.
- Cost per click (CPC) or pay per click (PPC) — you get paid for clicks on a banner, text link, etc. This one is the most profitable for daily pay affiliates — you’ll always get more clicks than sales. So, the CPC model, combined with daily payments, allows you to create a steady stream of income.
- Cost per lead (CPL) — you get paid for people leaving an email address in the advertiser’s database. Options include double opt-in (email must be confirmed) and single opt-in (confirmation is not necessary).
As you can see, most of the models are just special cases of the CPA. The difference is that “action” can be anything that the advertiser considers important. Other models narrow it down to the most common scenarios.
Check payment method and minimum withdrawal amount
Imagine getting a purchase from your affiliate link only to find out that your money is stuck inside the marketplace wallet. Usually, it’s due to the minimum withdrawal amount set by a platform. Even the best affiliate programs have a certain threshold that you must meet to extract your earnings. The reason for this is to prevent fraud and sufficiently cover the transaction fee that can be imposed by some financial services. But you’ll see that daily pay networks set it around $50 most of the time. This is not much if you are active and take a lot of offers.
Many programs allow transactions to your PayPal account, so be sure to have one. Alternative options are common too, but vary from site to site. Stripe and Payoneer are among the most popular ones, and other payment methods may depend on what geographies are included in the network.