Building a successful home business takes time and effort. Many people believe it’s nearly impossible to build a fruitful business without having an edge. An edge is important as it allows you to differentiate yourself from other businesses. For example, selling electronics from home, means that you are competing directly with Amazon and Best Buy which makes it difficult for you to create an edge.
One of the best ways to build a home business is to use a blog or website especially if you have some knowledge of the capital markets. If you have been following the capital markets and have been writing about them or a considering this type of venture, then you can make money from home by directly becoming an affiliate partner.
How to Make Money from Home
Any affiliate partner within the forex space, is someone who drives traffic to a forex broker. Forex, or foreign exchange is the largest of the capital markets with more than 5-trillion dollars a day traded globally around the clock.
There are several ways you can build up a following by writing about the forex markets. You can review forex brokers, as well as research sites. If you have the knowledge, you can write about technical analysis. If you like making videos, you can discuss the markets or book or any products if you are gaining a following.
Once you have a customer base, you can begin to recommend different brokers and share in the upside.
What is an Affiliate Program?
An affiliate program is a marketing program which is offered by forex brokers. One of such program is Activelyinvesting. Using Activelyinvesting market tools, you can get banners to promote the program, as well as links set-up that will allow you to track the prospects you send to their site. If one of your client’s registers, deposits capital and makes a trade, the broker will pay you for bringing the customer to them. The payout is called a customer acquisition cost or CPA. The CPA can range in value, but in general its standard across the forex industry.
What Type of Clients Should You Send to a Broker?
While its important to send several clients to a broker, the quality is more important than the quantity. If you plan to write about kitchen appliances, it is unlikely that you will find many of your readers that are interested in signing up to trade at a forex broker. You want to send clients that are interested in the capital markets to your affiliate partner. If you have a site that is focused on trading, the more clients you send to your partner the more likely you are to receive CPA.
Your broker will need to wait until a client transacts before they make a payout. This is because many potential clients will sign up with multiple brokers and test drive the system before they make a trade. You customer acquisition fee is predicated on your partner receiving revenue from a transaction.
If you are able to put together a website or blog or even drive traffic from social media, an affiliate marketing business in the foreign exchange place can be a great place for you to make money from home.