Being new to affiliate marketing, especially in forex industry, you need to have reasonable expectations. You hear about great potential income and the success stories, but are they all true? Can you really make money being forex affiliate? How much money can you make on average? How much time and effort are needed to maintain forex website? Are there honest forex affiliate programs, which really pay? In my experience, forex affiliate marketing is not as easy as it may seem at a first glance. Your potential as an affiliate is very difficult to measure accurately, since there are simply too many variables involved. The best way is to give it a try and see how far it takes you.
· How much money is there in Forex Affiliation?
In the beginning, it might be only couple of dollars per day. As time passes, your average income would grow to hundreds and some day you might even make $1,000 in 24 hours! What is really important to understand that the hard work you invest in the beginning of your affiliate path will definitely pay off.
I believe that the general expectation of your affiliate marketing business should be $2,000-$7,000 a month. That of course if you work at it full time and full hearted.
· How much time is needed?
Just like any other business, forex affiliate marketing requires a lot of hard work and time involved. Whether you are satisfied with your current income or not, the amount of work never goes down. At the end of the day, there is still a huge to-do list!
Every affiliate is different. For some it comes naturally; for others it requires more time and energy. The biggest problem is impatience. Most affiliates give up too quickly. After all, it takes 3 – 6 months to get things up to point of generating any kind of income.
Don’t be fooled, when you hear that affiliates work couple of hours a day. It takes hours of work, involving web design, content building, SEO, traffic generation, public relation, social network submission, link exchange, advertising etc. Besides, like with any work, you sometimes get distracted by reading occasional emails, checking website statistics, devouring the commissions from forex affiliate programs, socializing with your online friends etc.
· What is the average agenda?
Search engine optimization takes time to bring results; therefore you have to stick to it. With time your SEO efforts should grow and the income increase. Here is what can be considered as affiliate agenda:
STAGE 1: Your site contains about 10 pages and has 10-30 incoming links. Some of the search engines have indexed it. You have about 10-50 visitors per day, but no commissions at this point.
STAGE 2: The amount of pages increases and so do incoming links (I guess, 100-500 is the right amount to expect). The popularity increases and 50 visitors turn into 500. At this point you should be making about $200 + per month.
STAGE 3: You have more than 100 pages and tones of inbound links (I mean, thousands). The amount of visitors is beyond 1,000 , the conversion rate is high and your commissions are between $500 to $2,000.
Once you pass STAGE 3, it is all up to you. Work hard and you can turn $2,000 into twice as much and more!
Forex affiliate beginners sometimes think that a website with 10 pages or so and 5 back links is enough. The truth is, the successful SEO and commissions earned are closely linked to the amount of work an affiliate is willing to put in.
· Are there honest forex affiliate programs?
Yes, there are. Most forex affiliate programs I have experience with paid and continue paying. Of course there are misunderstandings from time to time, but this happens in every business. Be ready to stand your grounds and be fair. If you missed to fill the payment form on time, don’t blame it on your affiliate manager!
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