Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
TechCrunch | Fitz Tepper | Nov 5, 2015
Affiliate marketing is extremely hit or miss. Most times, participants are being paid to spread the word about products they couldn’t care less about, resulting in a poor experience for all parties involved.
Enter Kickbooster: an affiliate network for crowdfunding campaigns.
After signing up, users can share links to interesting campaigns, and receive a 10 percent referral fee when someone clicks their link and backs the campaign.
So, if a user refers a friend to back a $200 drone, they would receive a pretty hefty $20 kickback for the referral. Scott Adamson, founder of Kickbooster, explained that while companies are free to choose their own percentage, most stick with the standard 10 percent.
While anyone can sign up and create referral links, the company specifically targets users who have already backed a campaign.
The idea is that people who have already made a financial commitment to back a campaign are much more likely to be genuinely enthused about a product. Kickbooster takes advantage of this post-pledge excitement by encouraging backers to recoup some (or all) of their pledge by sharing the campaign with friends.
Interestingly, the site also offers a feature where users can refer themselves to a campaign, essentially giving them a 10 percent rebate on any campaign they back. This turns Kickbooster into something along the lines of a discount store for crowdfunding campaigns.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1300+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more About Us or visit ncfacanada.org.
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