Referral Program, Affiliate Announcement, and Building Additional Income Streams
Intro
Getting right into it. We’ll start with a very brief Fluz update and then announce the referral and affiliate program…
Ideally I’d like to get the formal affiliate program up and running ASAP, but I’m looking at early Q2 as a realistic launch date.
If all goes well, the affiliate opportunity will be one of the important BowTiedBum projects yet, and potentially the most lucrative for bums.
I strongly believe that by the end of the year, there will be a few bums earning:
$10K+ from the credit card game
$10K+ from their Amazon FBA Business
$10K+ from affiliate marketing
Fluz Update
Right now, the ‘93 cards are sporadic. However, the MUVC availability has been excellent…And this is huge because it means that you can essentially generate unlimited Fluz spend as needed.
I’ll drop a detailed Fluz post to go over MUVC’s further, as there have been a lot of questions in the Slack Group about those.
If you still don’t have access, please reach out in the #Fluz channel on Slack and we can help answer questions and move your app along.
Referral Program
I always welcome community feedback and strive to continue to improve this community in any way that you guys want.
Nav reached out in the Slack Group and asked about the referral program.
Whether it’s a post request, general question, or new feature that you’d like to see implemented, please don’t ever hesitate to reach out.
BowTiedBum Substack Referral program is now live!
Unfortunately, due to some Substack limitations, it will be a bit more of a manual effort…But nevertheless, it is live as we speak!
Here’s how it works:
Very simple.
If you refer a new paid sub, you’ll earn a free month after they complete 3 months.
If you refer 6 new paid subs, you’ll earn 6 free months after they all complete 3 months.
If you refer 12 new paid subs, you’ll earn a free year after they all complete 3 months.
Note that these must be paid members. You might get an email saying you referred someone but if it’s a free sub it won’t count.
Once you hit any of the above thresholds, please DM me on Slack and we’ll coordinate your free month(s).
You can refer a friend by clicking the button below:
***Bum Note***
At this point with the point, there should be absolutely no way anyone is paying out of pocket for their membership. Along with the Stop Paying Out of Pocket For Your Damn BowTiedBum Membership guide…The referral program is giving you multiple options to cover an entire year of your membership without paying out of pocket.
The quarterly plans that guide you to $10K+ a year are a bonus on top of that.
Affiliate Announcement
There will be two new product launches in Q2:
One video course
One high ticket item (to be announced at a later date)
All BowTiedBum members will be able to become affiliates for each new product.
Please note that there are a still a lot of details that need to be ironed out, but I wanted to give you guys a rough idea of what to expect, so that you can plan accordingly if you’re interested in becoming an affiliate.
Video Course
Intro
I’ll be dropping a video course, that details each of the main steps in this game. This will appeal to visual learners that want to see how each process is done.
The idea is that the course will pretty much cover everything you need to know for success in this game. Over time, I’ll periodically add additional videos to the course as needed.
The course will pay affiliates $25 monthly recurring revenue for each signup (for as long as the buyer’s membership stays active)
Discord/Whop
The video course (and high ticket item) will be sold on Whop. This should make signing up as an affiliate seamless and it should be a much better option than Gumroad. If you’re interested in becoming an affiliate, it’d make sense to check out Whop and familiarize yourself with the site.
The course itself will be within a Discord channel, and the Discord channel will be similar to the existing Slack Group, where people can ask questions after viewing the course.
Mission
The reason I’m creating a course is two-fold:
Many people asked me for one (and many assumed I already had one).
Substack has zero affiliate capability. I promised myself that if I ever was going to introduce any other BowTiedBum products… I’d do so in a fashion that made it as easy as possible for the Bums to become affiliates for it, and create an additional income stream.
One thing I can’t stress enough is that the Discord is not competing with Slack, it’s not a substitute for the Slack Group, and we are not migrating the Slack community to Discord.
It’s simply a place where people who purchase the course will be able to ask questions.
If there is any important info or helpful tips that are shared in the Discord, I’ll make sure they are also shared in the Slack Group.
Note that the course will be mainly targeting a different audience.
Think:
Twitter → Substack/Slack
TikTok → Video Course/Discord
Again, if you’ve been part of the Slack community for a few months now and are making money, you’ll have no need the course. The course will be an option for people that want to see how it’s done and expedite their learning at the beginning of their journey.
High Ticket Item
This will be announced closer to launch date.
This will pay affiliates over $1,000 per sign up.
More on Affiliate Opportunity
The affiliate opportunity is focused on the below core belief:
“If you help the BowTiedBum community grow, you deserve to be rewarded for your efforts.”
I’ll be collaborating with BowTiedTikTok, who runs TikTok Syndicate (which teaches you how to sell products on TikTok).
The idea is that you’ll have two BowtTiedBum products you can sell as an affiliate that you’re knowledgeable about…And BowTiedTikTok can provide resources that teach you best practices on selling them.
The best part?
This is a skill that you can use beyond BowTiedBum products. You’ll be able to use this skill for future affiliate marketing, eCom, info products, and more.
Affiliate Maths
Let’s say you’re a hustler like Camm (who’s had success in just about every aspect of this game).
Let’s have a look at the potential payouts for a successful TikTok affiliate video.
(Video Course: $25 monthly recurring revenue per signup)
(High Ticket Item: $1K+ per signup)
Here’s what success could potentially look like assuming you put in the effort to learn BowTiedTikTok’s ways, learn how to create captivating TikTok videos, and one of those videos goes semi viral.
TikTok Example 1
50,000 views
500 Whop Video Course Clicks
5 new purchases
= $125 monthly recurring revenue (5 customers sign up and you get $25 affiliate commission each month for each customer)
TikTok Example 2
50,000 views
500 Whop High Ticket Clicks
3 new purchases
= $3000 one time commission
Let’s say one of your videos goes viral and hits 1M views.
TikTok Example 3
1,000,000 views
10,000 Whop Video Course Clicks
100 new purchases
= $2,500 monthly recurring revenue (100 customers sign up and you get $25 affiliate commission each month for each customer)
TikTok Example 4
1,000,000 views
10,000 Whop High Ticket Clicks
60 new purchases
= $60,000 one time commission
Conclusion
As you can see, there is tremendous opportunity to learn affiliate marketing on TikTok and other social media platforms. This is a skill that you’ll be able to use beyond BowTiedBum and will serve you well in your WiFi Money journey.
Affiliate marketing has many benefits.
There’s no inventory to keep track of. You don’t have to create your own product, and you never have to deal with any physical products. You don’t have to deal with returns. The list goes on.
For those of you running an Amazon FBA business, this can be a great addition. For those of you that are looking to start a business and don’t have an idea of what to do, this can be a great option.
Remember, if you’re interested in the affiliate program, there’s two ways to approach it. You can refer friends/family and anyone else that might benefit from a video course that teaches Bum tactics…Or you can use it as an opportunity to create an additional income stream and treat it like a real business.
Either one is fine.
I know there will be a lot of questions. There are still a lot of unknowns, but I’ll answer what I can in the Slack Group.
Additionally, I’ll be looking for a few volunteers in a few weeks to help me out with some Discord tasks. Each volunteer will be rewarded!
Good luck, and stay toon’d for more to come.
Disclaimer: None of this is to be deemed legal or financial advice of any kind.