In today’s hyper-digitalized world, if you’re wondering how to supplement your paycheck by creating passive income streams online, or perhaps you’re curious about how to make money online without creating your own product, Forex affiliate marketing could be a great option for you. The affiliate marketing industry is gaining traction across a wide range of industries. In fact, affiliate marketing now surpasses 16 billion dollars and is a $6.8 billion dollar industry in the U.S. alone.

A single source of income is no longer sufficient to ensure retirement and certainly not sufficient for passing wealth on to future generations. So, what is the secret of those who are able to achieve these goals？ Passive income! A Passive income is any income earned without having to work hard. Wouldn’t it be nice if you could get paid passively for putting in relatively little effort？ Isn’t that the dream setup？ Well, Forex affiliate marketing makes it possible.

What if you could make money at any time, from anywhere — even while you sleep？

This is what affiliate marketing is all about!

Affiliate marketing was once considered a lucrative opportunity available only for celebrities and big-scale influencers. But now, everyone seems to have affiliate links. The art of affiliate marketing is so skillful that sometimes we are unaware that we are clicking an affiliate link. It is estimated that the annual passive income of affiliate marketers is $51,217 a year.

What is Forex Affiliate Marketing？

Affiliate marketing involves promoting a product or service offered by a third party and earning a commission if the third party makes a sale because of your promotion. In the forex context, the term “Forex Affiliate Marketing” refers to linking to an external broker’s website or trading platform. After someone clicks on your link and then signs up with the broker, you are either paid a one-time commission, sometimes called a cost-per-acquisition (CPA) affiliate program, or credited a percentage of the trades they make going forward. Commissions for Forex Affiliate Marketing Business will probably be very similar to those for Forex Introducing Brokers (Forex IBs).

“The forex market is a highly lucrative one and so is the field of Forex affiliate marketing”

What makes the Forex affiliate marketing business very appealing is the fact that it allows anyone to earn passive income from their online presence. However, getting success in the Forex affiliate marketing business is not an easy undertaking. You will need to have some skills and persistence, especially if you don’t yet have a substantial online presence. This article sets out what you need to do for a successful Forex affiliate marketing, clearing up any confusion you may have about the topic.

What’s so special about Forex Affiliate Marketing？

Forex affiliate marketing offers many benefits, here are a few of them.

• Convenience — The best part of it all is how convenient it is. It can be done from anywhere in the world — you don’t have to be present at an office to do it. All you need is a basic background in Forex and a few followers.

• Passive income — With Forex affiliate marketing, you can make a reasonable amount of money by promoting the brokerage firm. Simply sign up for a partner account and get your referral id, and share it with others.

• No risk — No risk, no gain？ Not exactly! When you become a Forex affiliate, you are not responsible for any financial risk associated with the product or service. However, you have to promote reliable and trusted brands in order to gain a reputation.

• The easiest way out — Forex affiliate marketing, when done correctly, is a really easy way to make money. Once you choose a reputable broker, everything will fall into place automatically if you have a good network of followers.

• No expertise required — Forex affiliate marketing does not require you to be an expert. It is accessible to everyone. You just need to enroll in an affiliate program and begin the process. The easy and fast method you’ve always been looking for is affiliate marketing. Profiting from a product/service does not require ownership, but rather promotion.

Sounds like a great deal？ You’re right, that’s exactly what Forex affiliate marketing entails. You do not have to deal with back-end processes and still have the opportunity to earn. All you need to do is to make use of your existing resources to market what you have to offer.

Difference between a Forex IB Vs a Forex Affiliate？

It’s possible that some people may be confused about the roles of a forex IB and a Forex affiliate. However, each has a different set of responsibilities. The primary difference between the two types is that Forex Affiliates refer clients via online activity and Forex IBs may also meet in person with their clients. Forex IBs tended to be bloggers with a clearly defined audience and possess an extensive understanding of the industry, whereas Forex Affiliates mostly consists of influencers and marketers with little to no experience in the field.

Forex affiliates are responsible for setting up affiliate websites or links and generating referrals for partnered brokers. The main function of an affiliate, however, is marketing. For an introducing broker (IB), marketing is just the first step in the process. By establishing long-term relationships with clients, introducing brokers can enhance client satisfaction. It’s the ideal scenario and a win-win for both the IB and the broker.

Read How to Start a Forex IB Business: 5 Things to Learn

As said, Forex IB entails brokerages partnering with individuals who already have a large following (or influencers), where the individuals are paid to promote the brand or its products/services. A marketing strategy that entails reaching out to the target audience and trying to influence their buying behaviour. In Forex affiliate marketing, brokerage companies compensate affiliates for every sale they produce by offering a commission. i.e. When a visitor purchases the product from a link (or code) published on the affiliate’s website or channel, the affiliate receives a commission.

To put it simply, Forex affiliates get paid for generating a business outcome for the brokerage platform, whereas Forex IBs are paid for the work they put in. In spite of these distinctions, successful Forex IBs and Forex affiliate marketers share a common characteristic: both produce engaging content that resonates with their audience and inspires trust. As a result, they often overlap.

Signing up for a Best Forex Affiliate Program

The biggest step for you is to choose the best Forex affiliate marketing program that is best suited to your needs — both in terms of the broker and the commission structure. Forex affiliate marketing programs allow affiliates to earn money by referring people to websites or applications that result in them becoming paying customers, either online or offline. Such partnerships are increasingly popular because they have been proven to work and to be mutually beneficial for both parties.

You must, however, partner with a reliable and regulated Forex broker in order to have a successful Forex affiliate marketing career. As an affiliate marketer, you’ll need to understand how it works as well as which forex affiliate programs are worth your while in terms of reliability, trustworthiness, and generating revenue. Upon finding a trusted and reliable Forex broker, simply open a Forex account, copy your partner referral ID and start referring prospects. Here’s a video demonstration of how to get your Partner Referral Link with AximTrade.

Read Top 10 Tips: How to Choose The Best Forex Broker

How to Become a Successful Forex Affiliate Marketing Professional

Forex affiliate marketing is often touted as a passive income generator, but you will achieve far better results by putting in a little extra work to reach your audience with your referral links. Here is a tried and tested, 5-step strategy to help you set yourself up for a successful Forex affiliate program.

Step 1: Establish Yourself as a Forex Industry Expert

A significant difference between Forex affiliate marketing and simply hosting advertisements on your website is that, as an affiliate marketer, you advocate for the company. By recommending this Forex broker to your audience, you are personally recommending them to invest their time and capital in.

In other words, you need to give your audience a reason to trust your opinion. In terms of investment finance, you need to demonstrate that you understand it. Provide advice and analysis as well as emphasize your credentials. By doing so, you will establish yourself as an authoritative, knowledgeable, and helpful resource.

Step 2: Reach out to your Forex audience

The Forex affiliate industry is competitive, so you will likely have trouble referring people to a Forex broker without a decent reputation. As a result, you will not only not be an attractive partner for brokers, but you will also not be able to make much money from your endeavour.

Much of this will depend on the quality of the content you produce. You must also post content frequently enough to keep your visitors engaged with your site and with your social media profiles, not to mention to boost your search engine rankings.

Be sure to talk about the topics the people want to hear about, and focus on the issues they want resolved. To encourage inbound traffic to your site or blog, pay close attention to your SEO (Search Engine Optimization) efforts and promote your articles extensively through social media channels. It may also be possible to create a site focused solely on reviewing products in your niche if you are proficient with SEO, which we will discuss in the next section.

Step 3: Write reviews on trading products and platforms

To get the most from a Forex affiliate marketing program, consider writing reviews of Forex and trading-related products and platforms.

Here are three reasons why this is a good strategy:

• As your readers become accustomed to seeing reviews on your site, it won’t seem odd when you align yourself with a broker.

• You can use it to integrate keywords and common search terms into your copy without feeling unnatural or forced. Many people are interested in comparisons or “which is better？” questions, so comparing different Forex trading platforms or brokers is a great way to attract new readers.

• You will have an easier time influencing your target readers to choose the broker you are partnering with if they are actively looking to try out Forex trading.

As you innovate, you can reach a broader audience while your current work continues to generate revenue.

Step 4: Creating an email list is a smart move

If you want to promote something, especially in Forex affiliate marketing, collecting email addresses is a smart way to ensure you have a direct line of communication with your audience. Basically, you’re laying the foundation for your marketing efforts later on. Integrate a pop-up sign-up form on your website. Make gated content, i.e., top-quality content that is free but requires users to enter their contact information before they can download it.

This information is extremely valuable even if you only receive a few hundred email addresses. The conversion rate of personalized emails is much higher than the conversion rate of website copy. You could turn these people into your most profitable prospects if you approach them properly.

Step 5: Become a RO sponsor and a Local Money Depositor

An RO sponsor (Responsible Officer) is an approved officer who has been nominated by the organization to carry out the duties outlined in a particular area or city. RO sponsors act as capital issuer and fund manager who manages and markets Forex brokerage firms in a particular region as a representative of the firm.

They also serve as local money depositors who convert the currencies of different countries into local currency and distribute it to traders when they withdraw money. In return for this, they will receive commissions from the broker. This will make it easier for you to earn passive income if you’re involved in Forex affiliate marketing.

Role of Teenagers in the Forex Affiliate Marketing

The unique thing about Forex affiliate marketing is that anyone can do it — there are no age restrictions. While some companies require their affiliates to be at least 18 years old or over 21, many do not. A Forex affiliate marketing job does not require the same requirements as a typical job where you become a legal employee.

“Teens and affiliate marketing naturally go hand-in-hand”

Young people are always the first to adopt new technologies and learn about them as we progress. For older millennials, it was the internet and computers. Today, teens are using groundbreaking apps, videos, and new ways to communicate. Being accustomed to it, they’re more adept at creating their websites and profiles on all the latest apps. It just so happens that these are some of the best places to market your affiliate links.

Young entrepreneurs can also succeed with Forex Affiliate Marketing. Read Why Entrepreneurs Are Getting into Forex Trading Business. Their affiliate marketing incorporates the most recent trends, so the products they’re promoting stand out from the rest. They are able to make their products seem more desirable by choosing platforms and marketing channels that differ from one another.

Best Forex Affiliate Marketing Channels

In the early days of affiliate marketing, blogs provided most of the traffic for affiliate links. Creating a blog and publishing relevant content helped people establish themselves as industry experts. As audiences for blogs grew, bloggers saw an opportunity for monetization by including affiliate links to relevant products within their content, and so the affiliate marketing model was born!

Today, several new platforms have emerged for sharing affiliate links as Forex affiliate marketing has grown. Affiliates, ambassadors, and influencers help brands reach a new, larger audience than they could reach on their own blogs, social media, and through advertisements. Here are the most effective affiliate marketing channels today:

1. Blogs — Still a viable platform to distribute affiliate links. The best way to stand out in your Forex Affiliate Marketing Business is to become a blogger. By writing a blog and sharing financial news, trading tips, and strategies, you will be able to generate a more stable income. While your trading profits are also limited by your capital, your affiliate profits are not.

Remember to always be honest on promotional blogs. Do not promote an affiliate program just to earn a commission. Ultimately, this is not a successful strategy and doesn’t work in the long run. Check the AximTrade Review to discover what it takes to become a regulated Forex broker.

2. Influencer Marketing — If you’re an influencer and have an excellent way of attracting clients and meeting all the requirements, you could have a successful career as a Forex affiliate marketing professional. Having a strong online presence, such as a popular website or YouTube channel, is so advantageous in the forex world. Nonetheless, it is crucial that you do not put your followers at risk. It’s always a good idea to try out a Forex broker before promoting it.

3. Email Forex Affiliate Marketing — Email marketing is another way affiliates and Forex brokers can cooperate. It is primarily aimed at obtaining a large list of e-mail addresses of people interested in Forex trading. It is not necessary for promoters to worry about hosting costs or advertising on social media websites.

In addition, every email they send does not have to be written. It is simply a matter of creating 2–3 templates for products and sending them out to as many email addresses as possible. Accordingly, this method is the least time consuming and cheapest option for Forex affiliate marketing.

4. Forums — Reviews on Forex Forums are an effective way to target people who are interested in starting out in forex trading. Many people haven’t used forex trading tools before, and these can be extremely overwhelming to them, so they approach forums for assistance. If you participate in forums, you can help people steer clear of scams by pointing them towards legitimate brokerages, which is a great way to succeed in Forex Affiliate Marketing.

5. Starting a Forex Podcast — Many people enjoy listening to podcasts while driving, walking on the street, exercising, cooking or doing other activities. So how is Forex affiliate marketing done in this field？

Well, the marketer can start covering different aspects of the Forex market, whether it’s trading strategies, economic indicators or other topics. They can also discuss the latest currency and commodity market developments. As soon as a podcaster gathers a large audience, they can start promoting the products of the Forex brokerage companies at the beginning or the end of the podcast.

6. Telegram & Signal group makes great strides — Telegram and Signal have become the most popular traffic source in affiliate marketing, which you can use in two ways as an online marketer. It is possible to join more networks and brands and offer your traffic. As a second benefit, it allows you to communicate easily with end-users and prospective business partners through private messaging, channels, and groups.

Affiliates may update the groups regularly and answer questions regarding the chosen topic. Once a promoter has a significant number of daily visitors, they can join one of the Forex affiliate marketing programs.

When it comes to Forex affiliate marketing, there’s no right or wrong method, but you should have a rough plan that includes knowing how much you’re willing to spend on advertising, where your niche traffic comes from, and what offers are most effective. If you invest your time and effort into learning and testing everything first, you are more likely to succeed.

Become a Forex Affiliate Marketing Partner with AximTrade

AximTrade is a globally competitive forex broker that guarantees premium services and has won the trust and satisfaction of more than 300,000 clients worldwide. The highest level of client financial security, Fast & Convenient payment options, exclusive Forex Bonuses, and 24/7 Customer support in local languages are some of the ways AximTrade exceeds the expectations of its clients.

With AximTrade, the world’s fastest-growing forex broker, you can become a partner and benefit from exclusive benefits such as:

• Competitive commissions as high as $20 per lot

• Fast and accurate reporting

• No limits on commissions

• Multiple payment methods and transfer options

• Potential for lifetime income

• Easy marketing tools to maximize your revenue

• Partnership sponsorship programs

Our partnership program is the simplest and most straightforward type of partnerships. Signing up is easy, you don’t have to pay any upfront investment, and there is no integration needed. Simply apply to become a Forex Affiliate Marketing Partner, share your referral link with your clients and earn profits every day.

Original Article: How to Start a Forex Affiliate Marketing Business: Step-by-step Guide

Disclaimer: This post is from Aximdaily and it is considered a marketing publication and does not constitute investment advice or research. Its content represents the general views of our editors and does not consider individual readers’ personal circumstances, investment experience, or current financial situation.