AFFILIATE MARKETING
How One Industry Made Me a Millionaire
Opinions expressed by Entrepreneur contributors are their own.
There’s a tiny island in the middle of the Mediterranean Sea where many young entrepreneurs go to make millions. These young millionaires often have similar characteristics like being risk-takers, hustlers and innovators, but they also share something else: They’re casino affiliates.
The online casino and gambling industry is one of the fastest-growing sectors in the world, and many of the most successful affiliates in this industry (myself included) made their name on the tiny island of Malta.
This country of fewer than 500,000 people has taken on the role of “Las Vegas” for the online casino industry and it’s the headquarters of huge gaming companies and affiliates. While you don’t need to live in Malta to be an online casino mogul, most of the great ones do.
I spent 10 years of my life in Malta, and built one of the largest gaming affiliates in the world, Catena Media, while earning more than $50 million before turning 30.
So, what’s so interesting about being a gambling affiliate?
The appeal of being an online affiliate
Many entrepreneurs are drawn to the affiliate industry because of its low barriers to entry. Every business has hurdles to overcome before you can launch, and some of those hurdles are shorter or taller than others.
No matter how much you like space or understand rockets, you’re not going to easily compete with Elon Musk and SpaceX. The barriers to entry into that industry are huge. Not only would you need hundreds of millions of dollars, but you’d need licensing, expertise and other non-financial assets that are difficult to acquire.
However, the hurdles to becoming an online affiliate are relatively small. You simply need to sign-up as an affiliate for a company, purchase a domain and hosting service, create a website and begin posting content with affiliate links. Most savvy entrepreneurs could create and launch an online affiliate site in one day for under $20.
What’s appealing about the online casino space?
The online casino and the entire online gambling industry in the United States is one of the more promising sectors at the moment. In fact, the U.S. online gambling industry was valued at $1.978 billion in 2020 and has an estimated compound annual growth rate (CAGR) of 17.3% over the next 5 years.
As more states begin to legalize online gambling and sports betting, you can expect to see this sector grow exponentially. This opportunity is what makes the online casino and gambling industry so appealing to young entrepreneurs.
What type of skills do you need?
When I launched my first online casino affiliate website, my partner and I had to build the website from scratch — which required some level of web development competency. However, today’s landscape is much different and anyone can launch a clean, optimized affiliate website with little to no knowledge of coding or web design.
Platforms like WordPress, Wix and Squarespace are built around making it simple for anyone to create a professional-looking website, and their tools help you do just that.
While you don’t need a complex website to make money, you will want to create an optimized website — which is what really separates you from other casino affiliates.
Getting started with website optimization
While many industries are built around pay-to-play marketing tactics like Google Ads, Facebook Ads and other paid advertising, the online gambling industry is very much built around organic search — specifically, on Google.
For example, if someone lived in a state with legal online gambling like New Jersey and decided they wanted to gamble from home, they might search for “best online casino in New Jersey”, which would display a list of web pages related to that search.
As an affiliate, your goal is to be the top result for a given search term, which typically has a 31.7% click-through rate. The higher up your result on the page, the more traffic your website gets, and the more traffic your website gets, the more affiliate revenue.
Fortunately, there are several easy tips to practice good search engine optimization on your casino affiliate site.
Write quality content, often
In the world of SEO, content is king. But, more important than just creating good content is posting content regularly. Google is yearning for compelling, relevant content because its entire model is built around displaying searchers with the best result for their queries.
If you can consistently deliver better quality content than your competition as it relates to casino reviews, gambling news or sports betting insights, Google will eventually realize this and display your content higher in its results.
Zig while others zag
A lot of online casino affiliates go after the same main search terms. While these might be some of the most searched, they are often the most competitive, which makes it hard for new casino affiliates to rank highly.
Fortunately, there are millions of terms people search and you don’t have to always compete for the hardest search terms. If you want, you can optimize your website for more specific searches like branded and long-tail keywords.
While the market for secondary or long-tail search terms might be smaller, they are less competitive. This gives you a better chance of earning the top result.
Don’t neglect technical SEO
Creating ideas and content are great ways to improve your SEO, but there are other technical areas of your site that must also be optimized if you want the best chance for success. From your page load speed to mobile optimization, don’t neglect to build a technically sound website.
Related: 8 Things I Wish I’d Known Before Starting Affiliate Marketing
Know your target audience
The goal of any online affiliate is to attract specific people to your website so that they can click your affiliate links. Therefore, casino affiliates should understand their target market intimately to deliver the best results.
In most cases, casino players land on an affiliate site for a few main reasons.
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They are looking for the best casino: Since “best” is subjective, a good affiliate will provide rankings of online casinos based on different measurements like promotions, game library, customer service and reliability.
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They are looking for the best bonuses: Online casinos use bonuses to attract new players or entice more gambling on their platform. Players might visit an affiliate because they want to quickly and easily see active casino promotions.
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They are looking for entertainment or information: Someone might land on a casino affiliate website if they are looking for more information or because they are interested in a specific topic. For example, if someone wants to learn how to play slots, they might visit an affiliate’s resource on playing slots.
Not only should casino affiliates better understand their target audience, but they should also coordinate their site so that players who visit for different reasons can quickly and easily navigate to the information they want.
Related: This Is Why Teenagers Are the Affiliate-Marketing Experts
How do casino affiliates make money?
Making money as an online casino affiliate is pretty straightforward. In fact, most online casinos have a seamless process for becoming an affiliate that can be done in a single day.
The process is basically:
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Create a website or digital asset (social media page could suffice)
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Apply for an online casino affiliate program from the casino’s website
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Get accepted into the program and receive a tracking link
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Use this tracking link on your site or social asset
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Someone clicks your link and signs up at that casino
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They make a deposit and begin playing
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You receive a commission based on the agreement
The process is structured so that affiliates only earn money when they are successful at sending active players to the casino. This relationship benefits both parties and is low-risk for everyone. The casino gets more players and the affiliate earns money by sending players to that casino. The affiliate can work as hard as they would like and the casino only pays when results are positive.
How do casino affiliates get paid?
Casino affiliate software will ask you to input your bank account information for direct deposit payments or they may send you a check in the mail. These commission payments are based on how the affiliate deal is structured between you and the casino.
Generally speaking, there are two main payment structures:
- Revenue Share: You earn a percentage of your registered players’ losings.
- Cost-Per-Acquisition (CPA): You earn a set price per depositing player.
Should you become an online casino affiliate?
The online gambling industry is one of the fastest-growing and most lucrative sectors today. In the coming years, more and more states will legalize online gambling and new casinos and technologies will enter the space. It’s not hard to see why so many entrepreneurs are considering becoming online casino affiliates.
There’s definitely money to be made in this industry, but it doesn’t mean it’s easy. However, if you can stay focused and commit yourself to delivering quality to your visitors, you might be the next young millionaire looking at condos in Malta.
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AFFILIATE MARKETING
Best US Cities to Start a Business, Entrepreneurship: Report
What city is best for starting your business? While several factors should play into a decision, a new report from fintech company SumUp has identified the top 10 for entrepreneurship based on tax data, the number of millionaires in the city, and even Google searches.
New York topped the list because of the opportunities it offers across industries, from tech to fashion, and its 4% sales tax, which was the lowest of the group. New Yorkers also frequently Google “how to get rich” and “how to make it in business,” the study found. The city also offers access to over 30 WeWork coworking locations, the most of all the cities in the report, which theoretically could help startup employees collaborate.
Related: Worried About AI Stealing Your Job? A New Report Calls These 10 Careers ‘AI-Proof’
Chicago came in at No. 2, with SumUp researchers highlighting its 120,500 millionaires and high interest in entrepreneurship through tracked Google searches. They also found that Chicago stood out for finance startups.
Rounding out the top three was Miami, “where the weather is warm and taxes are low,” according to the study. Travel, tourism, and commerce startups thrive in this city, which has 0% personal income and capital gains tax.
Related: These Are the Top 15 Jobs With the Highest Entry-Level Pay
Here’s a complete list of the top ten cities for entrepreneurship, according to the report.
1. New York
Number of millionaires: 349,500
Personal income tax – highest income: 10.90%
Sales tax: 4.00%
2. Chicago
Number of millionaires: 120,500
Personal income tax – highest income: 4.95%
Sales tax: 6.25%
3. Miami
Number of millionaires: 35,300
Personal income tax – highest income: 0.00%
Sales tax: 6.00%
4. Los Angeles
Number of millionaires: 212,100
Personal income tax – highest income: 13.30%
Sales tax: 9.50%
5. Dallas
Number of millionaires: 68,600
Personal income tax – highest income: 0.00%
Sales tax: 6.25%
6. Austin
Number of millionaires: 32,700
Personal income tax – highest income: 0.00%
Sales tax: 6.25%
7. Houston
Number of millionaires: 90,900
Personal income tax – highest income: 0.00%
Sales tax: 6.25%
8. Seattle
Number of millionaires: 54,200
Personal income tax – highest income: 0.00%
Sales tax: 6.50%
9. Washington
Number of millionaires: 28,300
Personal income tax – highest income: 10.75%
Sales tax: 6.00%
10. Boston
Number of millionaires: 42,900
Personal income tax – highest income: 9.00%
Sales tax: 6.25%
AFFILIATE MARKETING
What Is Founder Mode and Why Is It Better Than Manager Mode?
Paul Graham, the founder of famed startup accelerator Y Combinator, coined a new term this week that has taken over social media: founder mode.
In an article released on September 1 and publicized on X over Labor Day weekend, Graham separates “founder mode” from the traditional “manager mode” route by noting key differences in management styles and organizational structure. Graham’s X post has over 21 million views at press time.
Related: How to Start a Multi-Million Dollar Company, According to an IBM Engineer Turned Founder
Founder mode means that the CEO interacts with employees across the organization, not just their direct reports. The startup, even as it grows into a large company, is less hierarchical; the CEO could do “skip-level” meetings with employees, for example. Graham gave the real-world example of Steve Jobs running an annual retreat for who he thought were the 100 most important people at Apple — regardless of where they were on the corporate ladder.
Manager mode, meanwhile, is less hands-on and involves more delegation to other people. Founders can grow companies and run them effectively without switching to manager mode, Graham stated.
“Hire good people and give them room to do their jobs,” Graham wrote. “Sounds great when it’s described that way, doesn’t it? Except in practice, judging from the report of founder after founder, what this often turns out to mean is: hire professional fakers and let them drive the company into the ground.”
Related: How to Start Your Dream Business This Weekend, According to a Tech CEO Worth $36 Million
Graham gave the example of Airbnb CEO Brian Chesky, who tried to follow conventional “manager mode” wisdom to hire good people and let them do their jobs.
“The results were disastrous,” Graham wrote.
Chesky had to pivot to a different “founder mode” style of management and explained in an interview last year that founders have multiple advantages over managers: They have owned every part of the process of building a company, from start to finish; They have built the company up, so they can rebuild it; and they have permission to rebrand the company or make major changes.
This is it: @bchesky on founder mode.
Three reasons why founders differ from managers:
1. Being the biological parent
2. Full permission to make change
3. Knowing how to rebuild the company pic.twitter.com/VhuQ70B8FK— Yana Welinder (@yanatweets) September 2, 2024
In the past few days since Graham released his essay, the social media world has begun exploring what it means in humorous and insightful ways. One post drew a comparison between micromanaging and founder mode.
founder mode pic.twitter.com/LWOlaFq4UJ
— ST (@seyitaylor) September 2, 2024
Other posts from women founders addressed the question: Can women be in founder mode too?
Chesky wrote on X earlier this week that women founders had been reaching out to him since Graham released the essay about how they can’t run their companies in founder mode the same way men can.
“This needs to change,” he wrote.
Remember when the female founders did founder mode and all got cancelled for it?
— Sara Mauskopf (@sm) September 3, 2024
It happened to me first — headlines portraying me as a “toxic leader” when I had to make the same, often unpopular, decisions that my male peers did without critique.
For them, it’s called Founder Mode, and it’s celebrated (a proper noun! With its own merch! And trademarks… https://t.co/rF0IM1huy3
— Sophia Amoruso 3.0 (@sophiaamoruso) September 5, 2024
AFFILIATE MARKETING
Nvidia CEO Jensen Huang Lost $10 Billion in 1 Day
Nvidia’s stock faced an unprecedented drop on Tuesday, wiping off $279 billion in market value, the largest one-day loss in U.S. history. The loss is worth more than all of the shares of many major U.S. businesses, including McDonald’s and Chevron, per CNN.
Nvidia’s shares tumbled over 9% in regular U.S. trading and continued the descent post-market by an additional 2%, after a report of a subpoena from the Department of Justice relating to an antitrust investigation, per Bloomberg.
Related: Why Are Nvidia Earnings So Important? They Could Be a ‘Market Mover,’ Says Expert
Jensen Huang, the CEO and Nvidia’s top individual shareholder, also took a personal hit with a $10 billion drop in his wealth.
Nvidia CEO Jensen Huang – Photo by I-HWA CHENG/AFP | Getty Images
Shares were up about 1% Wednesday afternoon, according to CNBC.
Nvidia has about 80% of the market for AI chips. In response to the DOJ antitrust investigation, a company spokesperson told the outlet that Nvidia “wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them.”
Despite the losses, Nvidia is still up 118% year to date, per Reuters.
Related: Why Millionaire Nvidia Employees Are Still Working Until 2 a.m.
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