Working as a forex affiliate partner can be a highly profitable business, either part-time or full-time. Properly managed, it yields a lucrative passive income over some time. Some of the most successful forex affiliate partners are making hundreds of thousands of dollars per month!
Many people considering becoming forex affiliate partners are concerned that 2023 might be a tough year. The truth is that 2023 will likely be an excellent year for forex affiliates. The gloomiest predictions of a post-lockdown global recession haven’t emerged. If financial predictions are mixed, at least the news isn’t all bad. Some of the world’s top economists are even predicting modest growth.
What we can expect in 2023 is the kind of uncertain market conditions that create volatility. Any sudden fluctuations in asset prices are usually good for attracting new traders. The interplay between major currencies – the US dollar, euro, British pound, Japanese yen, Swiss franc, and Chinese yen – will deliver some amazing trading opportunities this year.
That’s not to say that cryptos, stocks, commodities, and other assets will be duds. They invariably make money for affiliates. It’s just that forex marketing campaigns are pretty much guaranteed a high ROI!
Become a Forex Affiliate in 2023
Forex is the world’s biggest financial market by volume – trillions of dollars worth of currencies are traded every day. The profits on these trades are immense, and brokers are ready to pay exceptionally high commissions for high-value leads.
Many people with a robust online presence, or some knowledge of online trading, are keen on the idea of making money as a forex affiliate. Inevitably, one of the first questions is how much do forex affiliates make? There’s no simple way to estimate how much you are likely to make as a self-employed forex affiliate. It depends entirely on what type of forex affiliate you are, how much you’re willing to invest in terms of time, effort and money, and how good you are at the job.
Your earning potential will also depend on the partner programs you choose to promote and the commission plan you accept. With the high commissions that are routinely paid, it is possible to earn a high income from the very beginning. If you’re ambitious and proactive, there are very few limits on how much money you can make.
7 Key Questions for Potential Forex Affiliates
These seven questions cover pretty much every base for potential forex affiliates. If you’re confident that you meet the basic requirements and understand your niche, you’ll be able to work on a business plan that includes projected profits.
- How much time, effort, and money can I allocate to my forex affiliate business?
- What kind of affiliate partner do I want to be?
- What type of commission plan should I negotiate?
- Do I have enough marketing skills and knowledge to drive high-quality traffic?
- Do I have the self-discipline, self-belief, and persistence to build a business?
- Can I promote a well established regulated broker like AvaTrade?
- Do I follow the financial news and understand forex traders?
Types of Forex affiliate partnership
AvaPartner currently welcomes six types of affiliate partners. If you have multiple businesses, you can negotiate a lucrative commission plan that rewards all your income streams.
- Online Affiliate
- Introducing Broker
- Trading Academy
- Money Manager
- Call Center
- Service Provider
Affiliate partners can negotiate a tailored commission plan based on CPA, Dynamic CPA, RevShare or Master Affiliate. Your goal should be to bring high-value traffic that converts into long term clients for the broker. You’ll then be able to earn a high passive income for the duration of their life cycle at the brokerage. A single high volume trader, who sticks around for years, could generate lucrative monthly commissions for you on an ongoing basis.
How Much do Forex Affiliates Make?
The top forex affiliates can make extremely high profits. They run their affiliate business as a business and work systematically to achieve their financial goals. They understand all the different aspects of their role, and where they lack specific expertise (or time), they hire others to get results.
Most potential forex affiliates aren’t at this level. It takes time to learn the business’s ins and outs and develop all the necessary skills to drive high-quality traffic volume. If you’re thinking about becoming a forex affiliate partner, the chances are that you’ll be approaching the venture as a sideline or part-time enterprise. If you start the right way – and with the right partner program – it will be much easier to grow your business rapidly.
If you’re already asking, “How much do forex affiliates make?” you should probably put the question aside for the time being. A more pragmatic approach is to ask, “How much do I need to get started?” Even the bare outlines of a business plan that lists your basic overheads is a big step forwards. Once you understand what you will need to invest – time, energy and financial resources – you’ll have a clearer idea of what your minimum return on investment will need to be.
Becoming a Forex Affiliate – The Basics
Forex affiliate marketing is a field where a minimal investment of time and money can still yield exceptionally high returns within a relatively short time.
As you get started and build an online presence, you’ll probably find that you need to invest more time than money. This will, of course, depend on your level of experience and budget. It’s possible to start with a high investment budget, pay designers to create a network of top quality websites, hire SEO experts to get the SERP rankings, and invest heavily in paid advertising. This is a high risk/high return venture that is probably not relevant to most potential affiliates – but the model can offer a future financial compass point.
- A good quality website
Domain, hosting, CMS, graphic design and content. If you can set up more than one website, this will be a plus.
- A solid social media presence
You should aim to be active across several social media channels. Facebook, Instagram, Reddit, Pinterest, YouTube, Linkedin, and any other social platforms that attract potential forex traffic or boost your SEO ratings validate your public persona.
- Marketing materials
You need to get your affiliate links out there. This means publishing top-quality marketing materials on your websites and social media channels. Any good partner program will provide updated marketing materials, and you may create some yourself. However, you may quickly decide to hire graphic designers and copywriters to develop more influential creatives.
- Paid advertising
As you develop an understanding of your niche traffic, you’ll want to target leads more directly and effectively. Facebook and Google Ads are a great way to start, and you’ll need to allocate a budget. Every campaign depends on sound research, analysis and optimization. If this isn’t your skillset, you’ll need to hire pros.
You can have a great website with top creatives and well-placed affiliate links, but if you’re not showing up on Google, it’s wasted effort. An SEO plan is vital if you want to attract high volume/high-quality traffic to your websites. SEO isn’t rocket science, and you can implement the basic principles from Day 1. There will probably come the point where you will consider it an excellent investment to get some expert SEO advice and aim for substantially higher search engine rankings.
Top Tip: You may find that your forex affiliate business grows fast. If you’re serious about making high profits, it’s essential to get the basics right.