Many users and casual observers of the social network The Fancy have referred to the site as “Pinterest for Ecommerce” and on Monday the network embraced that name when they rolled out an affiliate network for users.The new system will allow users to share products they find on the website while earning cash for each person who clicks on their links and purchases the product.
At 2% for each sale we don’t expect to see big box affiliate marketers jumping on The Fancy bandwagon but with a net 30 payment (users are paid 30 days after items ship in order to avoid returns) we expect casual users will embrace the system while earning cash.
The system is simple to use, just click on an item to share and you’ll receive a URL with a unique referral code, if someone makes the purchase with your link you earn the cash.
To put the system’s 2% affiliate pricing into perspective, Amazon’s flash sales site MyHabit.com pays 8% while Endless.com affiliate users earn 15%.
The big push in this particular situation is likely new user registrations which recently passed the 1 million mark.
The Fancy claims to be doing $70,000 in sales per week,not bad considering in May because they added commerce functionality the website was doing just $50,000 per week.
Do you plan on giving The Fancy’s affiliate program a chance? Will this be your first foray into affiliate marketing?
Here’s a closer look at how the program works once you have Fancy’d an item: