Maven Xchange lets people earn money by recommending products and services to other people. Those who love to shop, can now monetize their skill in an easy, natural way. Many people are calling it the Pinterest of Affiliate Marketing and with good reason.
What is Maven Xchange?
Maven is an awesome affiliate platform for anybody and everybody. Maven connects with over 3,000 retailers with programs offering up a percentage of sales for purchased made through your Maven links.
The website is set up in a Pinterest style board format so it’s commonly referred to as “Pinterest + Affiliate Marketing” which is a pretty apt description.
You can share products and boards through email, social media, or your blog (if you have one). You can also add products from outside the official Maven Retail Network to your Maven boards, but you can’t use an affiliate link for them and won’t earn from any sales of that product (unless, of course, you actually own the product!).
Ways You Can Earn Money with Maven
So here’s the big question: how do you earn money using Maven? Maven’s Earning Policy explains in detail the two ways you can earn: through sales commissions or by referring other users. You only need to make $20 to receive a payout. That’s better than a lot of places who require you to earn $50 or $100.
Payout for sales goes 60% to you, 25% to your referrer (if you have one), and that leaves 15% to Maven. This is split from the overall commission paid to Maven for each sale (visit the Earnings Policy for an example).
Anyone can join and use Maven but there are bonus opportunities, Share Events, available based on what type of blog you run and the size of your following. This is why it’s so important to add all your social profiles to your Maven account.
Share Events allow you to earn money just by clipping and sharing products from the retailer sponsoring the event. These events are invite-only and to be considered for an invite, you must have your social media accounts connected to your Maven account. Being active and receiving a lot of sales will also increase your chances.
Share Events are sort of like sponsored posts. You get paid to create a board of products from a retailer (Maven suggests at least 5-10) and share it on your social media or blog (though a blog isn’t always required). Sharing requirements vary by event.
Once you’ve completed the event, you’ll receive payment within 7 days. Usually, offers start at $5-$100 per event, but I have seen one event with a $50-$500 payment range.
Maven gives you $1 for every “Qualifying Account” and $10 referral bonus for each “Eligible Blogger” you refer. For blogger referrals, you receive the initial $1 once they sign up, and then the other $9 once they update their profile with their blog and social media info (so don’t forget to add yours when you sign up!).
Qualifying Accounts are new accounts made by users who are at least 18 years old and US residents (likely due to earnings/tax restrictions). Only 1 account is allowed per person.
An Eligible Blogger is someone who owns and updates a blog that fits within the Maven Community Guidelines, which is pretty basic stuff. No profanity, pornography, or graphic imagery.
If you’re a business or blogging-blogger who helps out other bloggers, referring others is your best bet for earning with Maven. Sign up and suggest it to your readers!
It’s still great to use to share a few your personal faves or something. I know I’m definitely going to be adding items I want to use for costuming to several boards.
What Retailers are on Maven?
The more easily answered question is “who ISN’T on Maven?” You can find large retailers like Amazon and Sephora, as well as small single stores. They have their full list of retailers available on the Maven website.
While there’s not much for bloggers who sell digital content, there are tons of options for those who talk about physical products.
How to Add Products to Maven Boards
Maven has three ways to add content to your boards; by pasting a URL, clicking a browser bookmark button, or saving from other people’s boards.
Here’s a video explaining how to install and use the Mavelet bookmark button to add products.
Now that you have some boards set up, you’re going to want to share those links! You can share boards or individual products with just a few clicks.
- Embed a Maven board on your blog
- Send a link through email or social media
- Pin to Pinterest
The Verdict: Maven Xchange Is A Viable Passive Income Option
After researching Maven Xchange and exploring the website, Maven Xchange seems to be a legitimate and different way to make money online. It’s rare that you find something fun and engaging like this, and it gives you a chance to actually earn cash using social media & not requiring a website to earn from affiliate links.
While it’s not a viable source for full-time income, it’s certainly one for passive income. In my opinion, it’s a great choice for the Pinterest lover and pretty much anyone who’s great at sharing/promoting the latest fashion, gadgets, and more.