Commissions paid out in the CFD and forex affiliate niche are the highest commissions in the affiliate marketing world. Affiliates that partner with AvaPartner, for example, can even make more than $10K per trader alone, and reach hundreds of thousands of dollars when generating a constant flow of leads to AvaTrade on a monthly basis.
Our team will tell you how to do it.
Here are 10 proven tips that will help you achieve your financial goals.
Goals of the forex affiliate
As a forex affiliate, you are driven by two key goals. Firstly, to generate traffic for your website and secondly to increase the conversion of potential leads into trades. Both these goals translate into higher profitability, therefore it is crucial that all your marketing and promotional efforts are built with these goals in mind.
In this extremely competitive market of forex and CFD affiliate marketing, this is easier said than done. So, if you are someone who feels that they need to up their marketing game, then we at AvaPartner have got you covered here!
The most important thing is to have a well thought out marketing strategy and plan that you can follow through till the end. This can be achieved by utilizing the 10 handpicked tips our team at AvaPartner has together for you here, which will help you drive more CFD and forex affiliate traffic to your website to get more rebates.
1. Know Your Target Audience!
With a quick review of other forex affiliate sites, you will be able to identify patterns that lead to failures. Or in other words, to learn what works, and what doesn’t. An affiliate site that lacks an added value to the visitor will never succeed to convert that visitor. That is why knowing your target audience and targeting different types of traders is key to success. If you lack experience in this field, now is a good time to learn more about it.
You can equip yourself with more information on how to master the art of targeting with AvaTrade’s excellent education tools, video tutorials and trading eBooks. All of which can help you in building your marketing strategy quickly and target the pain points of your target audience. Once you have a better grasp of the different types of traders and their needs (day traders vs long term traders etc.), you will be able to focus your efforts on one group only and thus maximizing your reach and commission potential. For example, in CFD trading, if you focus and target only commodity traders, the content you provide should target the news that commodity traders find most interesting. Otherwise, it’s a waste of time and energy.
2. Create an Engaging Blog
Blogs are essential no matter how far you have come in your business; it will help you to establish your forex affiliate website as a credible resource. Blogs also allow you to reap multiple benefits from SEO as keywords help in improving your website’s ranking on google.
The better your SEO content strategy is, the better your results will be, as you will gain a competitive edge by [m1] bringing in quality organic traffic through Google’s search engine. Neil Patel, the SEO guru, explains how to write the perfect blog post. In his video, he shares tips on how to generate tons of traffic to each blog post.
Apart from the SEO benefits, blogs allow you to provide a line of contact with audiences that may be your prospective clients. When people subscribe to your blog and enjoy your content, they will listen to your advice and follow your lead, which has been a proven way to successfully convert leads.
3. Focus on enhancing your credibility
Do you know what most forex affiliates lack? Credibility!
For starters, CFD and forex traders are expected to be knowledgeable, competitive and sharp individuals who should not be impressed by cheap marketing gimmicks such as discounts, promotions or flashy signs. What should matter to them is that the brokerage they partner with delivers on what they promise, i.e., that the brokerage is trustworthy. This is why partnering with AvaTrade, for example, a broker that is regulated across 5 continents is the best partner for forex affiliates. Your visitors will trust you, as you represent a credible, reputable, and trusted broker.
With that said, you must also ensure that your forex affiliate website displays credibility by providing content that will educate your visitors. Getting there is fairly easy but requires a bit of work. Your website must look and feel professional, informative, and credible. This is why here at AvaPartner we offer our partners unique presentation embeds that can go easily up on your website that explains What are CFDs and other valuable information, all this will help you establish credibility with your website visitors. You can also insert your affiliate links into the presentations which can increase conversions and thus increase your commissions!
4. Guest Posting Can Be a Game-Changer
Guest posting serves 2 purposes:
- SEO – helps your blog or website rank higher, because of the backlink you will receive from the guest post, depending of course that it’s an authority website. Usually guest posting on a site of a DA (Domain Authority of 50 and higher will help your ranking.
- Credibility and Expertise– We explained already why credibility is so important, well through guest posting one can add value to readers by offering valuable tips that people are seeking, this positions you as a thought leader and builds your credibility over time. This is especially true when including an author bio with your name, website link, and other social links in the guest post.
In short, by generating this type of quality backlinks and sharing valuable information on high authority websites, you will be able to generate credibility for your own forex/trading blog.
We advise you, however, that you only use guest posting as a strategy after establishing your own blog because if you do not already have a reputation for quality content, no one will allow you to guest post on their website. At least not a reputable website. So get your blog up and going first, and then partner with a blog or authority website in the financial or Forex niche that has been around a while has a high DA as we mentioned before, and then you will be able to reap the benefits of this strategy.
5. Email Marketing Campaigns
If done right, email marketing can lead to some of the highest conversion rates. It is often considered to be at the core of affiliate marketing, and forex affiliates love using this marketing technique to receive some of the highest commissions in the business. AvaTrade offers its partners with all the email marketing material necessary to succeed.
With the help of engaging emails, you will be able to reach users in a customized way that will attract them to take you up on your offer. This is essential because if you are unable to gain your audience’s attention, you may not be able to achieve those desired results you set for yourself, to begin with. Usually one has to tweak email messaging a few times after experimenting with a few emails, this way through trial and error you can improve your email campaign strategy by seeing what works well for your target audience and what doesn’t.
Check your open and conversion rates regularly in order to keep improving; it is well worth the work. Forex and especially CFD affiliates joining a partner program such as AvaPartner can make hundreds of thousands of dollars in commissions by perfecting a well thought out email marketing campaign.
6. Advertising Tools
Paid advertising tools such as Google AdWords are great for boosting traffic for your financial or Forex affiliate marketing website. It allows you to get exposure on Google, where most people can find you. While it is one of the best-paid advertising tools, it can be costly, particularly if you do not have a set plan for your PPC advertising. No doubt that such paid marketing tools can boost traffic; however, it will take some time to do so.
Want to learn more? Head over to the AvaPartner’s website for more information on how to best use advertising tools.
7. Social Media
It is the era of social media, and there is no limit to where platforms like Instagram, Facebook, and Twitter can increase awareness about your offerings. Social media enhances user engagement significantly. A simple share of a key entry point of a trade or just engaging with other traders through a ‘market viewpoint’ post will have an extremely beneficial impact on your visibility, your website’s traffic and your profitability.
8. Post valuable answers to Quora or Reddit groups
Apart from more famous social media platforms like we mentioned above, websites such as Quora with 1.5 billion monthly traffic and Reddit with over 530 Million monthly traffic according can be extremely valuable by making your services and offerings known to those who might be seeking your information and advice. Being a visible and reliable poster to these groups can have a twofold impact on your performance. Firstly it will identify you as a credible source and secondly, through the link that you share in your answers as well as increase traffic to your affiliate website.
9. YouTube – videos
Another platform that might be good for sharing your offerings and experience is YouTube. Today, most people do not have the time to read an article, blog post, or guest post, but don’t mind watching a quick video. YouTube not only creates a separate stream of income but also establishes you as an expert with information. Technology options such as screen recording and screen sharing can be used to show market movements -use AvaTrade’s trading platform and teach your traders how to use them, their powerful trading capabilities and the differences between them.
10. Have your own review site
This is similar to having a blog but what it does is essentially creating a separate stream of information, where you can share and offer engagement opportunities to your potential target audience. Having a separate website dedicated to reviewing brokerage firms and trading platforms will further enhance your credibility as an expert in your field. Key information strategically linked back to your affiliate website can lead to huge amounts of traffic, and by that, achieving your financial goals.
Traffic and finding ways to successfully increase your conversion rates is essential if you want to be a successful forex affiliate. Although there is no one easy way, you can rely on the above-mentioned tips to get you there. Partnering with AvaPartner has many advantages required to succeed in this business, as it provides you with all the support and promotional materials you could possibly need.
Join now, and watch your profits soar!
How do I Find Good Forex Affiliate Traffic?
The easiest way to find good forex affiliate traffic is to understand forex traders. You need to know what kind of people they are, what drives them, and their expectations. There isn’t a typical online forex trader, but you can make general assumptions about the demographic. The first thing to know is that forex traders want to make fast money. They are independent, reasonably tech-savvy, and willing to take at least some risks. Suppose you’re going to find genuinely good forex traffic (the type of traders who will bring you long term profits). In that case, you need to offer authoritative, quality content and target serious high volume traders.
Will TikTok Drive Forex Affiliate Traffic?
TikTok is a relatively new platform, and most forex affiliates aren’t focusing on it yet. There are mixed reports about whether a TikTok channel is an excellent resource to drive forex affiliate traffic, but paid advertising on TikTok may be effective. The average age of TikTok users is rising, and there is a definite potential to engage with potential forex traffic. The best recommendation is to open a TikTok account and get to know the platform properly. It has its vibe and is very different from other social media platforms like YouTube, Instagram, Facebook, etc. You may be able to find cost-effective ways to drive quality forex traffic.
Is Forex Traffic Only Interested in Trading Forex?
Forex traffic is usually highly receptive to trading cryptos as well as forex. You can also pitch your affiliate marketing campaigns to offer forex traffic the opportunity to trade stocks, commodities, bonds and ETFs. The commodities market is likely to be volatile throughout the year. People attracted to forex trading may well be interested in assets like Gold and Silver or energies like Oil and Gas. Watch the financial news and look for opportunities to drive your forex traffic whenever oil or gold prices surge. It’s easy to create engaging social media posts and high converting content whenever there are important financial news stories.