The foreign exchange market has been gaining a lot of popularity over the last few years, and hasn’t been more popular than it is now. It’s also easy to understand why so many new investors gravitate around it.
The principle behind the forex is pretty simple, and some people understand currencies more than they do stocks. Plus, the forex allows you to get in with a small amount and use leverage to make big gains. The popularity of the forex market is also attracting the attention of affiliate marketers. If you’re into affiliate marketing and want to start your own forex affiliate business, here are a few tips to get started.
Look at What the Competition is Doing
The first thing you should do is look around and check what other affiliates are doing. What you’ll be noticing is that a large portion of them have informative sites and a section with reviews of different trading platforms and brokers. This is how they make their money. They sign up as affiliates with different platforms and services and review them. Once someone decides to buy one of the solutions or sign up with a broker through their links, they earn a commission. You’ll also notice that most of them will have some sort of newsletter, but we’ll expand on this later.
Set Up a Website
We suggest that you create your website right now before you start looking for affiliate programs. This is because a lot of services will ask that you have some sort of web presence that they can check to get an idea of how their links will be promoted.
You don’t have to go crazy here; just a simple WordPress site will do most of the time. Inspire yourself from your competitors, and check what they’re covering. You can then write articles around the same subjects, but put your own spin on it. It would also be wise to start looking at an email marketing platform and set up an email capture system.
Sign Up as An Affiliate
Now it’s time to look for affiliate programs. If you’re not sure where to look, one of the easiest ways to find affiliate programs is to check with any brokers your competition is reviewing and get their affiliate sign up information.
Forex affiliate programs like easyMarkets Partners make it super easy to sign up and will give you transaction-based commissions as well as a flat fee for every person you get to sign up with their platform. You will then be able to add links wherever you went within your content, and convert some of the people who follow them.
Follow up with Something of Value
One of the most efficient methods to get conversions both from a cost and return standpoint is through following up with your visitors. This is where the newsletter we talked about earlier comes in.
You want to gain your subscribers’ trust by offering them value, like a mini course for instance. You can then invite them to check out some of the brokers you reviewed, or give them updates on new platforms. Once you’ve provided value, they will be more likely to see you as a resource and listen to your recommendations.
As you can see, starting a forex affiliate business doesn’t have to be complicated. The most important thing is making your first step. You can then work on earning the respect of your base and focus on providing useful information first and foremost.