Best Poker Refer-A-Friend Program, Highest Referral Rate – Part 2
Why we can offer the highest referral rates in the poker industry
In the previous part of the article, we had introduced you to our poker referring program, which is up to 20% commission rate for referring your friends to RakebackMind.com. In this second part of the article, we will compare the referral programs between different websites in the current online poker market, how we can offer such high rates for the referral program and why you should use our referral program instead of signing up to become a direct affiliate with the poker rooms.
If you haven’t read the first part of the article, here is the link:
Best Poker Refer-A-Friend Program, Highest Referral Rate – Part 1
Other Referral Programs in the Market
Poker rakeback sites such as RakeTheRake.com and TheNuts.com are considered pioneers in the rakeback industry, but they only offer a small referral rate of 4%. Similar rakeback website like rakeback.com doesn’t have a referral program at all. In fact, a referral rate of 4-6% is very common in the online poker world. But why are they only offering a 4% refer-a-friend program whereas RakebackMind.com can offer up to 20%? We are offering 5 times more than our competitors!
To understand how we can offer such high rates for our referral program, you have to first understand the affiliate deal differences between poker rooms offering rakeback and poker rooms offering only VIP program. For poker rooms offering rakeback, after the rakeback is given back to the players, the affiliate is typically left with a 10-15% revenue share. If they need to give 4% in their referral program, then they are only left with 6-11% revenue share. Where as in poker rooms with VIP program, the affiliate deal is usually around 20-25% revenue share. The reason they have a higher revenue share percentage is because they don’t need to give rakeback back to the poker players.
RakeTheRake and TheNuts both included rakeback and VIP deals in their offers. Given the above information on affiliate deals, their poker profits range from 10-25% (10-15% for rakeback offers and 20-25% for VIP offers). Thus, their poker referral program cannot exceed 10%, because they cannot give the users more money than what the company earns. As you can see, 4% referral rate is not that bad for referred players on rakeback deals. But if your referred players are playing on a VIP poker rooms, then RakeTheRake or TheNuts is keeping 16-21% revenue for themselves. Those websites might not earn much from your referred rakeback players, but are earning a lucrative amount from your VIP program players.
How and why do we offer such high rates for the referral program?
If some affiliate deals are only 10-15% revenue share, then how can RakebackMind.com give such high referral percentage of up to 20%? The answer is simple; we do not include poker sites with rakeback deal on our offer list. Instead, we focus on poker sites with VIP programs. By avoiding poker sites with rakeback, we make sure our affiliate deals are around 20-25% revenue share. In this case, higher referral rate is feasible. At the same time, we will certainly have less selection of poker rooms, but we do hand pick the best poker rooms for our players.
By given up to 20% revenue share to our players for referring their friends, it still leaves us with a small profit of 5%. By the time when you can reach the 20% referral rate which is $50,000 in rake generated by your referrals, we can go in and bargain with the poker sites to increase our affiliate deal percentage. With such high amount of rakes generated by our players, a bargain with the poker site for an additional 5% revenue share should be possible, and then we could increase our profit into 10%. For poker deals that are originally only 20% in revenue share, we need to bargain for a 25% revenue share in order to maintain a profit.
Big amount of referral earnings for the users would increase their incentives to refer more poker players to our website RakebackMind.com. By accumulating more active poker players, our smaller share of the revenue share would build up and thus creating a bigger sum of profit for the website. By creating such a system in rakebackmind.com, it’s a win-win situation for our company and our players. Our players would receive the highest rate for referring friends to our poker sites while we are still making a profit.
Referral Program not offered in some popular poker websites
Rakeback.com used to have a poker refer a friend program in the old days, but unfortunately they had removed it. The move is of course to gain the company extra incomes by eliminated the player referral bonus, but it also decreased the players’ incentive to refer friends to their website.
If removing the referral program will lead to a decline of player sign ups, then why is the website still making this decision? One possible reason for removing the program might be that they believe the referral program is costing more money than the revenue generated by their new poker players. Another reason might be Rakeback.com is greedy and they don’t want to share this revenue with their players. Their domain name is so superior, whoever searches the keyword “rakeback” will find their website on the front page of the search engines, so they don’t need to worry about traffic. With traffics, then there would be conversions and new player signups. Thus, Rakeback.com doesn’t seem to worry much about getting new player sign ups.
Larger poker information sites such as PokerListings.com and HighStakesDB.com also do not have a refer-a-friend program for their poker sign ups. One of the major reasons that they eliminated the option for a poker referral program is that they have a well established website. Their established contents and links will bring in a significant amount of traffic to the website each month. With a large monthly traffic value, those sites are usually not concerned with a player referral program since their traffics can guarantee them a certain amount of sign ups each month. Also, a poker player referral program will cost the company money, because they have to give a certain percentage of their poker revenue back to the players/referrers. The referral program therefore will reduce the company’s net revenue.
We don’t like the business model of not including a poker refer-a-friend program within a poker bonus website. We believe a win-win model would be ideal and sustainable for the long run. Players will receive extra money for referring their friends to our website, and our website earns a small amount for signing up each new players. The more new players our users refer, the more money they will earn. The more players we have, the higher the revenue we could generate. Small profits can add up to a large profit with a large sum of active players. We would love to share the profit with our players for their hard work to bring in new players to our website.
Become a poker affiliate for higher poker commissions?
If being a poker room’s affiliate earns 20-25% revenue share for referring friends to their poker rooms, why shouldn’t I just sign up and become an affiliate? First of all, there’s a lot of work to do to become an effective affiliate. You have to negotiate different deals with the poker rooms; this usually takes awhile with many emails going back and forth. As new affiliate, you won’t get a good deal compared to the already established affiliates, simply because you can’t bring in as much sign ups as the established affiliates. You will receive a lower revenue share percentage on your affiliate deal to be honest. Secondly, you have to set up a decent website for your friends to sign up to the poker rooms. Developing a good poker bonus website includes lots of work, so I won’t go into details here. Creating an informative poker website takes at least several months of hard work and cost somewhere around couple hundreds to couple thousands of dollars, not to mention the time and effort needed for doing the poker room researches and writing contents and reviews in your poker site. If you just want to refer your friends to a poker room and earn some referral fees, we strongly suggest you try out our referral program, it’s the best poker referral program you can find anywhere in the market, the highest referral rates too. We haven’t see any sites that can match or even come close to our highly referral rates.
Our website RakebackMind.com has been established for many years and well known for our friendly referral program in the online poker market, you can refer your friends to our website anytime you want. This could save you lots of time and hustle for creating your own affiliate deal and poker bonus website. We have already set up the poker deals with many top poker rooms, and our refer-a-friend program will give you a high rate for referring your friends to us. With this high referral rate, you can make a decent second income for referring many players to us. The more players you refer, the more rakes they will generate, and that converts to earning more money from our referral program. Remember, in our poker refer-a-friend program, you the referrer are receiving the larger percentage of the profit while we are receiving the smaller profit.
Visit RakebackMind.com now and start earning money by referring your poker friends to us!