A Guide To Forex Trading Affiliate Programs
James Woolley
September 29, 2009
The forex industry is attracting an awful lot of people at the moment because of the need to generate some additional income. However the harsh reality is that the majority of people actually end up losing money. So should you forget about forex trading altogether? Well not necessarily because you can still make some big profits.
The key to success is to forget about the idea of trading the markets yourself and to put yourself into the shoes of a forex promoter. In other words you want to consider promoting various forex-related products to the trading community. The easiest way to do this is through affiliate marketing. This is simply where you promote various products and/or services online and every time someone clicks on your affiliate link and buys a product you earn a certain amount of commission as a reward.
For example if a company is selling a $2000 home study course and pays a commission of 35% for every sale that an affiliate generates, then you will obviously earn $700 per sale.
Similarly if a forex broker runs a cost per action model and pays $50 for every trader that opens a live trading account with them after clicking through to their site from your affiliate link, then you make as much as $500 just by referring 10 traders to their site and you can obviously generate as many referrals as you possibly can so there is no upper limit to the amount of money you can earn.
Now obviously you do need to work very hard if you want to make some serious money. You will need to put your efforts into creating a highly popular website or blog, from which you can then build an email list of subscribers to boost your earning potential even further. Indeed most affiliates claim to make the majority of their profits from their email subscribers.
You clearly cannot achieve this objective overnight but in the long run it's certainly not impossible as I've found out myself. You should find that as long as you provide lots of good quality content and continuously build links to your website, then you can make some serious profits as an affiliate.
What I like about this particular business model is that you can start creating your first website or blog on a very limited budget. In fact the only thing you really need web hosting account to host your website or blog. Additionally you may want to invest in an autoresponder as well so that you can build an email list. You could even use a free blog which requires no capital at all, but I would always suggest that you at least pay for your own hosting so you have complete control over your website or blog.
Once you have your website up and running you can then concentrate on getting as many people to your site as possible so you can start notching up a few sales and therefore generating some decent commissions. You should find that not only is this much more relaxing than actually trading the forex markets yourself, but it can also be even more profitable.
James Woolley is both a forex trader and affiliate marketer. Click here to discover which forex trading affiliate programs he most recommends.
The key to success is to forget about the idea of trading the markets yourself and to put yourself into the shoes of a forex promoter. In other words you want to consider promoting various forex-related products to the trading community. The easiest way to do this is through affiliate marketing. This is simply where you promote various products and/or services online and every time someone clicks on your affiliate link and buys a product you earn a certain amount of commission as a reward.
For example if a company is selling a $2000 home study course and pays a commission of 35% for every sale that an affiliate generates, then you will obviously earn $700 per sale.
Similarly if a forex broker runs a cost per action model and pays $50 for every trader that opens a live trading account with them after clicking through to their site from your affiliate link, then you make as much as $500 just by referring 10 traders to their site and you can obviously generate as many referrals as you possibly can so there is no upper limit to the amount of money you can earn.
Now obviously you do need to work very hard if you want to make some serious money. You will need to put your efforts into creating a highly popular website or blog, from which you can then build an email list of subscribers to boost your earning potential even further. Indeed most affiliates claim to make the majority of their profits from their email subscribers.
You clearly cannot achieve this objective overnight but in the long run it's certainly not impossible as I've found out myself. You should find that as long as you provide lots of good quality content and continuously build links to your website, then you can make some serious profits as an affiliate.
What I like about this particular business model is that you can start creating your first website or blog on a very limited budget. In fact the only thing you really need web hosting account to host your website or blog. Additionally you may want to invest in an autoresponder as well so that you can build an email list. You could even use a free blog which requires no capital at all, but I would always suggest that you at least pay for your own hosting so you have complete control over your website or blog.
Once you have your website up and running you can then concentrate on getting as many people to your site as possible so you can start notching up a few sales and therefore generating some decent commissions. You should find that not only is this much more relaxing than actually trading the forex markets yourself, but it can also be even more profitable.
James Woolley is both a forex trader and affiliate marketer. Click here to discover which forex trading affiliate programs he most recommends.