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Although your main question is limited to casino affiliate sites, you have proven yourself how profitable an affiliate program is even without a website.
Wondering, how and what did you do if you do not have a website to spread your affiliate link? Via social media or something else?
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So back then, before I knew crypto, I often used payment processors like Liberty Reserve and Perfect Money. I used them mostly for money games like HYIP. At that time, I was familiar with sports betting. But most of the websites, both local and global, I knew still only accepted bank transfers, so I tried to find a sports betting site that offered LR and PM, and found that website.
I tested the site, bet, and withdrew my money successfully a few times. Since it was paying and I found it fun to play, I shared my story, my winnings, and withdrawals on a forum I joined. There was no restriction on sharing affiliate links there either, so I was allowed to share my affiliate link. And that's it, many people joined.
IMO, it happened probably because of 3 things. First, the forum members were already familiar with the payment processors. Second, the minimum deposit and withdrawal were so small. I don't really remember exactly, but it was less than $1, just like crypto casinos nowadays. Third, maybe because I also gave them a chance to get free money from the commission I earned from my referrals. It's just from the forum, and from only one sports betting website.
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Yeah, in my opinion $20,000 without having your own website is definitely a very good result, but I’d be interested to know how long it took to make that amount and how much time and money went into promotion.
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It took several years. The first month, I got like $150 something, and in the second month, I got $1,000. The best I got was $1,700 something. But as I said before, there was a month where I got nothing. The time I spent on promotion? Only the time I spent on making that one thread on the forum I joined.
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I have thought about running ads to further my affiliate link but I don't really know if that is a strategy that is worth the effort. As you mentioned it can be difficult to find users who will actually put money behind their registrations. If anyone has any success in advertising to further affiliates, I'd be interested in hearing how and may have to do some searching to find successful ways to get signups as that has become a potentially lucrative activity.
People use ads for a casino affiliate link? Never knew about it before. Maybe the challenge would not be how to get referrals from the ads, but how to get the ads finally approved. Because most ad platforms have strict rules when it comes to gambling, especially Meta and Google.
But I do know some ad platforms that allow gambling. But these ads really depend on the publishers. Sometimes the ads just show up on unrelated publishers' websites just because the publisher allows gambling. CMIIW.
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I don't think you understand the meaning of casino affiliate website. If you do, you would know that it has a lot of means to make money. Aside from the fact that they embed casino links to make money as their direct affiliate, they can also still advertise directly for them, and even other companies that are interested on the site, like, Forex brokers, exchanges, etc. In addition, to write good about that and paint them in a good light, if they are popular enough, casinos could still approach them with juice packages.
That's why I ask here. I need more info from people who have a better understanding like you. Is it still worth creating one from scratch considering the decline in traffic for many websites since the AI era?
Honestly, I actually expect a more specific answer here, rather than "Yes, it's profitable if you have traffic, trust, good content, etc" I am expecting something more detailed, like based on the amount of traffic, popularity, etc. Estimation of banner ads, exclusive partnerships with casinos, affiliate commission, paid listings, etc. Do casino deals usually come in the form of real money, balance in the casino, or custom offers, like deposit bonuses with low wagering requirements, etc? Also, what is the typical ratio of traffic : users who register : users who make a deposit?
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I offer bonuses here and there depending on the type of wagerer you might be and also the site in which you are wagering on. I also have VIP rewards where users make a certain % of what I earned from them weekly and in some cases it's up to 70%.
Here is an example of a site I currently run that includes a 1k weekly leaderboard and VIP rewards.
https://lootcrew.io/ [...]
So, that VIP rewards are more like referral cashback, where you only take 30% from the commission you earned, right? CMIIW. But how about that weekly prize pool, $1,000? Does it directly come from your own pocket, like a fixed reward? Because for sure, the commission is not fixed. And how do you get that data on your website?