To start with, what is affiliation? It is a kind of marketing networks where a person inspires others to buy or deal with certain products and services and in return, earns a commission when the referred individual makes a purchase.
As an affiliate marketer, you stand to gain an ample reward for every new trader you successfully introduce to the program.
Similarly, Forex affiliate marketing, however a new term in the Forex trading, has become one of the most buzzwords in the Forex industry. The main reason why Forex affiliate marketing is gaining popularity faster than anybody could have imagined is due to the high return associated with most Forex affiliates programs. For instance, most Forex merchant’s pays about $500 for every successful referral while some VIP Forex affiliate package pays a minimum of $1000 for every reference accomplished. It is a clear indication that there is no limitation on how much you can earn as a forex affiliates marketer.
What are some of the advantages of being Forex affiliates marketer?
- Forex market is dynamic
As you know, there are various currencies traded every day on Forex trade by multiple nations. It, therefore, means the widening number of money traded is increasing every day. For the emerging currencies to remain competitive in the market, it means rigorous marketing is necessary to keep these new currencies secure by attracting new traders in their programs. For this very best reason, Forex affiliates marketers find a lucrative business opportunity to bring new traders in that particular Forex merchant and earn the referral reward. It is always a win-win endeavor. Unlike other types of affiliate marketing, the Forex affiliate marketer still has their content ready for promoting a particular Forex affiliate links.
- Diverse marketing tools.
One of the most exciting parts of being a Forex affiliate marketer is that there are various ways in which are can promote your affiliate links. Marketing tools such as Forex calendars and widgets are quite readily available hence making Forex affiliate marketing among the most lucrative part-time job. However, to get more people means using diverse marketing tool to ensure you have many people clicking on the affiliate link you are promoting, which in turn links them to the Forex program. It is one of the easiest ways of earning a steady flow of passive income once get established.
- Use Ad Sense to supplement your Forex affiliates income.
Cost per click income generated from Forex Ad Sense is relatively higher when compared to any other industry which means you can boost your Forex affiliate marketing during the initial days when you have yet got a substantial referral so as you can earn a significant amount. It is, therefore, correct to say that there are endless ways of making from Forex affiliates marketing. Again, most Forex merchants do not restrict the type of advertising model you can use as long as it is legally acceptable in your country.
Also Read: 5 Best Forex Affiliate Programs in 2020
How can you become a Forex affiliates marketer?
Although in most cases affiliate marketing is considered as a passive revenue generator, if you can dedicate a little more time and effort to expand your referral links, you will be sure to make a significant income. Below are some of the best strategies you can use to get the best from your Forex affiliate marketing.
Step 1: Position yourself to command a significant authority in the social media platforms.
Remember, as an affiliate marketer, you are positively advocating for a particular Forex broker. It means you are playing the role of the marketing department by personally telling the online audience that the broker you are referring to them is worth their investment and time. Your audience should, therefore, have reasons to believe your opinion. You should, therefore, demonstrate a clear understating of financial investment as well as Forex trading analysis as you emphasis on your broker advantages.
Step 2: Establish a strong, Forex authority presence.
A decent online command can ease your referral experience to your broker. Remember a poor leadership on social media platform makes you less attractive partner to most brokers as hindering the amount you can generate from Forex affiliation. This online presence is gained by regular posting relevant content on your social media account to keep your audience engaged and loyal to your profiles.
Step 3: Compost several reviews about the best trading platforms and products.
Note the main reason for this is to place your broker at an advantage over the others so that your followers can associate themselves with what you are advocating as the best Forex platform or product. It is therefore crucial even before you register as an affiliate; you can start by composing Forex trading reviews as a way of alerting your follows that you deal with Forex related platforms and products.
There are several advantages of such reviews such as making them get used to a particular Forex broker; it is the best way of integrating and introducing your keyword which should be the name of the broker you are promoting. People will often search keywords such as “which is the best”, and this means you should use information that will persuade your readers to opt for your Forex broker. You can as well collect email address for your followers to communicate effectively with them.
Step 4: Sign up to a trustworthy Forex affiliate program.
Ensure to pick the right Forex affiliate program in terms of broker terms and commission to be earned for every successful referral. Since this is one of the most critical factors to look for in any affiliate program, always take your time to get adequate information about the program you are going to pick.
Trusted High Paying Forex Affiliate Programs
- OCTAFX >> Revenue Share Affiliate Commission up to $12/lot
- Instaforex >> Revenue Share Affiliate Commission up to $20/lot
- XM >> Revenue Share Affiliate Commission up to $10/lot, CPA up to $650
- Pepperstone >> CPA Affiliate Commission up to $800, Revenue Share up to 55%
- IQ Option >> RevShare Affiliate Commission up to 50% of Spread
Step 5: On your site, integrate the Forex affiliates link.
At this point, you have almost everything to start generating commission from your affiliate marketing. The unique referral link you get from your broker may come with marketing gears such as widgets, banners, among others.
Step 6: Promote your Forex broker link to your online audience
Although you can get many people clicking your link, it is recommended to be more aggressive to influence as many as possible by crafting engaging content through your direct emailing. Enlighten your audience some of the benefits they will get once they join the best forex broker you are promoting.
Step 7: Get Your Affiliate Commissions
You have played your part, and it’s the time for the Forex broker to reward your effort. You can monitor the number of referrals you have attained so for and how much you have earned so far.