While the Forex market might seem very appealing, you should understand that becoming an affiliate is not an easy challenge to take up. It requires skills and persistence if you intend to succeed, especially for those without experience and established online presence. This article is meant to clarify any confusion you might have on the matter and provide useful information for people who aim to become successful affiliate marketers.
What is exactly Forex Affiliate Marketing?
In general, affiliate marketing is when you promote a product or service provided by someone else and earn a commission every time this product or service is purchased with the help of your promotion or referral. In the context of Forex, it means to bring traffic and customers to the external website of the broker or a trading platform. There are different models of marketing, and CPA (Cost Per Acquisition) is one of them — for example, you make a commission when a customer clicks on your link and makes an initial deposit, or you get a percentage of the trades they are executing.
Can you make money from Affiliate Marketing?
It is not that simple, but you need to find a way to bring traffic to the brokerage service that you work with. It is possible to do by having a website which will convert the visitors into customers that will invest in trading. If you do not have an established presence online yet, perhaps it is better to treat the income from the conversions as a bonus, rather than a main source of income.
What is the process of becoming an Affiliate Marketer?
If you bring your referral links to the attention of investors, affiliate marketing will not be a source of passive income only. The moment you become an affiliate marketer you should use all the sources, including social media channels, to promote the offers and subsequently to convert the traffic. As a rule, the brokers will provide you with a vast variety of promotional materials, such as graphics and content, to assist your strategies and campaigns.
Become an authority for traders
You are personally involved in spreading the word among potential customers and promote the broker that is worth their time and money. It involves a lot of trust on your audience’s side, it means you have to find a way to earn it. You will have to show expertise in trading Forex or in investment finance in general, so that you have a clear, helpful and confident voice.
Create content about the brokerage service you promote
You can start a blog or simply write reviews about the platform or trading on your website. It is possible to write about trading in general at first in order to establish a returning audience that is engaged with the posts you write. Use SEO and keywords in order to attract more people from the web. If people who visit your website are interested in trading in general, it will be easier to persuade them to invest with a particular broker, after you have written some general tips on how to trade.
Build an email list
When you want to advertise something particular it is good to start collecting email addresses in order to promote the products you are offering. You can include a pop-up subscription option on your website in order to collect more addresses. Write reviews that interest people, so they will sign up for a newsletter. Even if you manage to collect a couple of hundreds email addresses, you’ve done good already. The conversion rate from emails is much higher than that from the website.
Register to an affiliate program
Choose a broker that suits you the most in terms of the platform they are offering and commissions for your payouts. You can learn about commission types on our website here.
You will be given a unique referral link in addition to other promotional materials. At this stage you need to sort out these materials on your website and make sure the link is in the right place and won’t be unnoticed. Don’t be too pushy, create educational materials or conduct webinars that will make your audience interested in trading with this particular broker.
Get your commissions
After you have done all in your power to promote the link you can wait for the conversion to take place and earn a commission. In the best case scenario your broker will have a portal where you can keep track of your earnings. You should see how much traffic you convert, what are the investments and the trades.
Conclusion
It might surprise you, but those affiliate markets whose sales are not so aggressive make more money. Try offering something of value and have high quality content that actually helps investors to trade. Affiliate programs have a high ROI, but it does not mean that you can make money doing nothing. You have to find a smart way of communicating with your audience, so that they will use the resources you offer. At ForexAds we spared you the difficulty of finding a broker and will provide you with all necessary materials, so you can start your winning campaign already today.
