We get this question alot, so let us try to explain this in simple terms 🙂
There are tons of afilliate programs, cashback programs, loyalty programs out there but what makes Kwik stand out? What makes Kwik truly unique is our patent pending waves of earning technology. This is what truly incentivizes people to share a product, even if they don’t have a lot of followers.
Most influencer marketing programs, affiliate programs, or other types of programs really rely on a few things.
- Having a large following
- Have a blog or some sort of channel that generates you alot of views and clicks
- Alot of money to spend to earn points or cashback on your purchases
It’s not shocking to say that most people don’t have those things! You can’t go out and spend $500 on a brand just to earn enough to pay for your next product. Or you’re not verified on any social media platforms and you’re just a normal person just like us here at Kwik. Because we don’t have those things we need a way that can help us earn more money in a more effective and advanced way. That is why our team has invented “Waves”.
Waves of earning pays commissions for every purchase a user directly or indirectly influences. By utilizing blockchain technology, Kwik tracks every link and referral. Each referral adds another link to the blockchain, which generates a commission to both the original sharer and anyone else on the chain. That’s what we mean by waves of earning, every referral can potentially turn into a wave of commissions as the link gets shared and reshared to friends, followers, and family members.
This is HUGE for everyone. No matter what kind of following you have, you know someone. You know someone that would love a product that you love. For example, you might love backpacking. You go backpacking all the time and are constantly trying to find the one product that will change your whole experience in the back country and make that tirp more enjoyable. To make this super easy you’re the backpacker and you found the newest and greatest ultralight tent that has super amazing insulation. You bought it and you used it on some trips and have some great insight on that product. You then know some friends that would love that product! If you don’t happen to have friends (we’re sorry) but you’re probably apart of some social community that there are people in such as forums, facebook groups, youtube, instagram, facebook ,etc that are looking for this new problem solving product that you just found and would love to buy it.
So post your link! Let’s say that 3 friends you have in the backpacking world buy the product, you would get a comission for those 3 people and you would be connected to them in the blockchain, thats money in the bank. Next cool thing is if they ever go back and buy more products from the tent company you would get a comission for the return purchases! Thanks blockchain :). Next cool thing is let’s say they took this tent to their Swiss Alps backpacking trip and loved it. They happen to have a decent social media following and they end up generating 100 sales from their post about the tent. Your friends just struck gold! They earned enough money to pay for the tent they just spend, but guess what. With blockchain technology we can track that you were the one who indirectly caused that purchase. If you never refered those firends to that tent, they would have never shared it out to their followers. Thus making you the indirect influence in those purchases. Those people had no idea you got a cut, they have no idea who you are but they now have a product because of you. That seems like you deserve some pay for that right? That’s what waves does.
This pattern of paying you a cut for ever subsequent purchase continues until there is no more money to give you :(. We would love to give you more but the brands will set the comission rates so there is only so much to go around. The way the money is split is for each subsequent referral you earn half as much money, so direct referrals could be $10, then $5, then $2.5 and you see where we’re going with this.
Cool part about waves is everyone makes the same amount for their direct referrals. So no matter who you are that first wave of influencer gets you the same amount of money. So no matter who shares a link with who first, everyone can make that same comission amount.
Kwik is the first marketing platform truly quantify word-of-mouth referrals. We can finally see who is really driving sales for brands, and everyday users can finally earn fair commissions for sharing the products they love! Go sign up and see how waves really works! Or checkout our wave calculator (coming soon).