Tough numbers to make work. A hundred referrals and 88 bucks owed is... not a life changing number. Far more interesting is the revenue inflection point, going from an ongoing relationship worth zero to one worth 700 bucks a year.
But... apparently still not worth keeping:
> I’ve since removed all mention of Kiss My Keto, as I no longer have any interest in helping them earn money, regardless of what they pay me.
To me, it seems like the real story here might be that someone is selling bread for a 20 percent markup. Or maybe they aren't, but have been able to make ends meet by stiffing referrals. The margins on groceries are typically small, which is borne out by Amazon's 1 percent comission rate for the Grocery category. If someone comes along offering to 20x your income, skepticism is in order.
You can formalize that skepticism with a multi-armed bandit algorithm. Basically, put affiliate commissions into the feedback loop, picking which affiliate links to use by expected value. But it may take a while with low click through volumes.
I learned an important thing over time: recurring payment services always pay much higher commissions. One time purchases pay very little, even for big ticket items.
A 3€ per month liability insurance might have a 40€ commission, while a 400€ product might have a 10€ commission.
But... apparently still not worth keeping:
> I’ve since removed all mention of Kiss My Keto, as I no longer have any interest in helping them earn money, regardless of what they pay me.
To me, it seems like the real story here might be that someone is selling bread for a 20 percent markup. Or maybe they aren't, but have been able to make ends meet by stiffing referrals. The margins on groceries are typically small, which is borne out by Amazon's 1 percent comission rate for the Grocery category. If someone comes along offering to 20x your income, skepticism is in order.
You can formalize that skepticism with a multi-armed bandit algorithm. Basically, put affiliate commissions into the feedback loop, picking which affiliate links to use by expected value. But it may take a while with low click through volumes.