What is an Affiliate?
An affiliate is someone who markets products (mostly on the internet) and receives a share of the revenue generated in return.
How does this work?
You have a travel website? You know a lot of people who travel frequently? Or a popular YouTube channel maybe? Then you are exactly the right one for this task! Even as a Non-Influencer, with different tools that will be provided (such as gift cards), you will have the opportunity to generate an extra income as an affiliate
It is very easy to become an affiliate. Simply follow the following 3 steps.
- Create your own account
- Go to the Dashboard and the Affiliate Lab section after logging in
- Copy and share your unique affiliate link. You will notice the “/?refid=…” suffix on the URL. You can add this suffix to any marketplace link to make it track your affiliates.
When someone uses your link or giftcards to register on the marketplace, this person becomes your lifetime referral. You will now start earning money on every booking the person executes on our marketplace. Forever!
How much will you earn?
LockTrip’s affiliate program is by far the most advanced in the hospitality industry since it focuses on the long term growth effect. This facilitates affiliates to invest their time and energy in growing their referral network and thus generating a long term sustainable income.
The income you will receive will be proportional to the booking volume your referrals generate.
You will get exactly 3% of the booking volume generated. So for every $1000 your referrals have booked on the LockTrip marketplace, you will receive $30 of compensation.*
Remember that this is a lifetime referral. Once referred, the referral will become an invariable part of your affiliate account and you will receive passive income indefinitely, as long as he/she continues to book with us.
Why is this such a big deal? Because the hospitality industry offers high volume transactions with high transaction occurrence/massive adoption and LockTrip is an absolute disruptor when it comes to retail pricing. Almost any adult person out there has a travel budget to spend on a yearly basis, which is usually a four figure amount equivalent in USD. Not to mention the high spending business travelers and businesses that are looking for a way to optimize their costs. Referring them is like giving them an advice on how they can save money which is subject to strong conversion.
The examples below assume a booking volume of $5,000 per year and referral (family + business trips). This includes hotel and flight bookings.
Example 1: You refer 10 of your friends with a combined booking volume of $50,000 per year. You will thus receive 3% of the volume ($1,500/year) forever.
Example 2: You have a popular travel blog and recommend LockTrip as your favorite booking site, which allows you to generate 20 referrals per month (that’s really low, considering the innovative product and cost saving factor of LockTrip’s travel service).
Within 12 months, you will reach 240 referrals. Using the same figures of the first example, your annualized income rate will thus reach $36,000 during the first full year. As the referrals are lifetime referrals, you can now build on that and generate additional $36,000 of annualized income on top of it every year. After 5 years, this will add up to $180,000 per year.
You are tired or want to stop referring? No worries, the income will keep coming as long as your referrals keep booking. Our job is to make sure we keep our product as valuable as possible in order to retain your/our customers.
How can I track my income and referrals?
You can easily observe your statistics on the My Affiliates page and track your income in real time. Key metrics provided to you are the referral count and the accumulated revenue.
Once you reach a balance of $50, you can withdraw.
Now it is your turn. Spread the word and start earning! Start growing your network. You will see each signing member in your portfolio as well as every booking that starts to come in.
Money doesn’t grow on trees, but with little effort as an affiliate it can almost
feel like this 😀
LockTrip is the first marketplace with 0% commission where you can save on average 15-20% on your hotel and rental bookings and about 3-5% on flights compared to anywhere else!
>>> Start now and earn your share that you can travel more <<<
Here are some more facts why you should create your own account and become an affiliate
As an affiliate it is not always easy to compare programs with each other, mainly because it takes a lot of time to get into the details and also because the programs of different companies do not always match. This is why we’ve prepared a quick table showcasing how our affiliate program compares to the leading player in the travel industry.
| LockTrip | Booking.com |
Duration | Lifetime Income | Single-Time Commission |
Tracking Prior to Event | 30-Day Cookie | No Tracking, must be Timed* |
Commission | 3% (Flat) Lifetime | 5% (Average) One-Time |
Additional Prizes | Affiliate League | None |
Compound Effect | Yes | No |
Minimum Payout | $50 | $100 |
Availability | To all Users | Only upon Application |
Psychological Factor | Strong | Weak |
Custom Landing Pages | Available | None |
Local Guides | Available | None |
Gift Cards | Custom, with Analytics | None |
Custom Discount Tools | Available | None |
Affiliate Teams | Supported | None |
Personal Affiliate Support | Available | None |
Mentorship Program | Available | None |
Ambassador Program | Available | None |
*Many affiliate programs such as the one of booking.com work with exact-moment conversions. This means that affiliates need to refer the customer at the very exact moment of their booking. If the customer closes the window and opens it again, the referral is lost. Even if the customer creates an account, the referral will be lost because booking.com doesn’t allow for cookies, which track.