In influencer marketing and product reviews, platforms like JoinBrands have revolutionized how brands collaborate with reviewers. Whether you’re a seasoned influencer or just starting, understanding the types of deals available and how they work is crucial to maximizing your opportunities. One common question is: How do deals work regarding product reviews? Specifically, what happens when a brand sends you a product versus when you buy one and get reimbursed?
In this blog post, we’ll break down the different types of deals on JoinBrands and explain how they work for product reviews.
1. Brand-Sent Products (Free Products for Review)
How It Works:
- The Brand Sends You the Product: In this type of deal, the brand ships the product directly to you at no cost. You don’t have to pay anything upfront.
- You Review the Product: Once you receive the product, you test it out and share your honest review on your platform (e.g., blog, YouTube, Instagram, etc.).
- No Reimbursement Needed: Since the product is free, there’s no need for reimbursement. Your compensation is the product itself.
Pros:
- No upfront cost to you.
- Great for trying out new products without financial risk.
- Ideal for beginners who want to build relationships with brands.
Cons:
- Compensation is limited to the product’s value (no additional payment).
- You may receive products you don’t need or want.
2. Buy-and-Reimburse Deals
How It Works:
- You Purchase the Product: In this model, you buy the product yourself, either online or in-store.
- The Brand Reimburses You: After you complete the purchase, the brand reimburses you for the cost of the product. This is often done via PayPal, bank transfer, or another payment method.
- You Review the Product: Once reimbursed, you test the product and share your review.
Pros:
- You get to keep the product after reimbursement.
- Often used for higher-value items or products that are harder to ship.
- Builds trust with brands, as you’re investing your own money upfront.
Cons:
- Requires upfront payment, which may not be feasible for everyone.
- Reimbursement delays can occur if the brand doesn’t process payments quickly.
- Risk of not being reimbursed if the brand doesn’t follow through (though reputable platforms like JoinBrands minimize this risk).
3. Hybrid Deals (Product + Monetary Compensation)
How It Works:
- You Receive the Product for Free: The brand sends you the product at no cost.
- You Also Get Paid: In addition to keeping the product, the brand pays you a fee for your review.
- You Review the Product: You test the product and share your honest feedback.
Pros:
- Combines the benefits of free products and monetary compensation.
- Ideal for established influencers with a strong following.
- Great for high-value or niche products.
Cons:
- Less common for smaller influencers or micro-influencers.
- May require a larger audience or higher engagement rates.
4. Affiliate or Commission-Based Deals
How It Works:
- You Receive the Product for Free or at a Discount: The brand may send you the product for free or offer a significant discount.
- You Earn a Commission: When your followers purchase the product using your unique affiliate link or code, you earn a commission.
- You Review the Product: You share your review and encourage your audience to buy the product.
Pros:
- Potential for ongoing earnings if the product sells well.
- Great for products with high demand or recurring purchases.
- Builds passive income over time.
Cons:
- Earnings depend on your ability to drive sales.
- Requires a loyal and engaged audience.
5. Sponsored Reviews (Paid Reviews with No Product)
How It Works:
- No Product Involved: In some cases, brands may pay you to review a product you already own or have access to.
- You Get Paid: The brand compensates you for your time and effort in creating the review.
- You Review the Product: You share your honest feedback based on your experience.
Pros:
- No need to wait for a product to be shipped or reimbursed.
- Ideal for established influencers with a strong reputation.
- Can be combined with other types of deals.
Cons:
- Less common, as brands usually prefer to provide the product.
- Requires a high level of trust between you and the brand.
How JoinBrands Facilitates These Deals
JoinBrands is a platform that connects influencers with brands for product review opportunities. Here’s how it works:
- Sign Up: Create an account on JoinBrands as an influencer.
- Browse Deals: Explore available deals and choose the ones that align with your niche and audience.
- Apply for Deals: Submit your application for the deals you’re interested in.
- Get Approved: Once approved, follow the brand’s instructions (e.g., receive the product, purchase and get reimbursed, etc.).
- Share Your Review: Create and publish your review on your platform.
- Get Compensated: Receive your compensation (product, reimbursement, or payment) as per the deal terms.
Tips for Success on JoinBrands
- Read the Fine Print: Always review the deal terms carefully to understand what’s expected of you.
- Be Honest: Brands value authentic reviews, so always share your genuine opinion.
- Engage Your Audience: High-quality reviews with engaging content can lead to more opportunities.
- Build Relationships: Consistently delivering great reviews can help you build long-term partnerships with brands.
Conclusion
Whether you’re receiving a free product, buying and getting reimbursed, or earning a commission, JoinBrands offers a variety of deals to suit your needs as a reviewer. By understanding how each type of deal works, you can choose the ones that align with your goals and maximize your earning potential. Happy reviewing!