Millions dream of starting their own business. However, statistically there are only 6% entrepreneurs in the world. Just think a little - where does this huge gap come from? There is a host of reasons for most people who want to launch a business project why they shouldn't: the risk of losing everything, lack of stability coupled with rather vague prospects, unwillingness to take responsibility for their own career. The main obstacle on a path to financial freedom and independence, however, is lack of large startup capital that is sure to solve all problems. To be more accurate, it was until recently. It is the 21st century, digital communications and the internet change our life, communication, business environment literally in no time. You don't need to have a lot of money to start a project - just make sure you have a computer with internet access. And don't miss your chance.
It is in search of financial freedom that many of us have come to the forex. This area is unique in that even if we fail to correctly predict the next market movement and take a profit the market does not turn its back on us anyway. It offers an alternative way of making money that has nothing to do with currency fluctuations and is based on your skill of finding common ground with people. You must already know that this is about affiliate programs. Egor Abramenko, Affiliate Program Manager at FreshForex, told us how to build business on them.
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Why should you choose our Affiliate Program? · Large Payouts (+50% of the spread · Attractive terms for traders · Multiple Levels (+17% from 2nd, +7% from 3rd) · Partner’s Rebates (up to 50% paid back to clients · Effective promotion tools · Convenient personal cabinet |
How does the affiliate program work?
An affiliate program is a turn-key business plan without any risks or financial investments. You recommend traders to use a broker's services and, if your referral is successful, get a fee. It means you make a one-time effort to engage one trader so that later you can get a fee for their trading turnover regardless of how profitable the trader is. Here you don't have to offer after-sales services, answer questions and maintain customer loyalty - the broker takes responsibility for that. The company also provides you with a full package of tools to develop your own internet business, from advertising materials to individual consultations on how to develop your affiliate network. Interested? We have only begun.
How much can you make here?
Any business is done for a profit. What profits do affiliate programs generate? A simple example. On average, a trader's monthly trading volume is 3 lots. If your client trades 1 lot in a Classic account at FreshForex, you will get $10. You put 2 and 2 together to see that 10 clients, for example, will bring you about $300 a month.
In addition, at FreshForex you can engage 2nd and 3rd level partners that will generate 17% and 7% of their profits for you, respectively. Let's do some more maths. You got two 2nd-level partners and three 3rd-level partners each having 10 clients. 2nd level partners will bring you about $102 a month, 3rd level partners - about $63. Then your monthly income will be as much as $465. How much you can make, then, by expanding your affiliate network is only up to you.
How can you succeed in affiliate programs?
It's worth mentioning that anyone can succeed with an affiliate program. But this 'anybody' should be persistent, know how to set and reach goals. You can post the broker's banner on your site, write an article about advantages of working with the company for your blog, place a direct link to it on an industry-specific forum, in a social network or any other internet community and recommend the broker offline to people you know. The strategy is up to you. If you speak honestly and convincingly - the result won't take long to appear.
Based on research, there are five main myths that stop beginner entrepreneurs on a path to success. We asked FreshForex active partners who also used to weight up all pros and cons and eventually decided to build a forex business to deal with these myths:
Myth #1: You cannot create a successful business without serious investments
Viktor Tolokonskiy, Tula. 67 clients, 5 partners, $2,000 of monthly income, 1.5 years of experience in the affiliate program.
"I came to forex three years ago. But as I knew currency trading a little more than nuclear physics (I am a linguist by education) I could not succeed here. But it was the forex that opened an affiliate program for me. I started popularizing my own blog, talking about the broker on specialized forums. First my effort didn't yield any special results - I managed to engage only two clients over a month of work but I expanded my experience and next month persuaded as many as six people. Then my business just took off. Most clients still trade with the company. It means I helped them find a suitable broker. I didn't invest a penny in my business but spent a lot of time. This work was not wasted - the affiliate program helped me forget about times when I had to work for somebody".
Myth #2: It is impossible to build your own business alone
Andrey Skavinskiy, Moscow. 92 clients, 13 partners, $3,200 of monthly income, 9 months of experience in the affiliate program.
"When FreshForex offered me to post their banner on my web resource I thought it was a bad joke. However, I decided to hear them out but still turned them down. As it happened that month advertising sold hard and I had a couple of free spots on my web-site. I remembered their offer and decided to try. I opened an affiliate account without much enthusiasm, posted their banner and forgot it all for some time. I remember that moment till now when I logged into my personal cabinet just for fun, to check up the account balance and found $89 there. As many as 7 clients got registered through my link in the first month alone. I recommended that my partners register in the program. Today we have common business and continue cooperating with FreshForex (for more details, see description of the Multiple Levels service).
Myth #3: This is unnecessary and uninteresting for traders
Oleg Dzhanayev, Kazan. 39 clients, 4 partners, $1,300 of monthly income, 4 months of experience in the affiliate program.
"I had doubts when I was only starting this business about why would a trader want to help me make money, what's the point for them to follow my link? I was prepared to an influx of dirt. But this wasn’t the case. The process of engaging clients got much simpler with the introduction of the Partner's Rebate. Moreover, they are now interested in working through me. I share 30% of my partner's fee. This is a win-win scenario for parties involved in the partnership".
Myth #4: This is unethical to sell broker services to traders
Viacheslav Dobovitskiy, Saint-Petersburg. 21 clients, 2 partners, $750 of monthly income, 3 months of experience in the affiliate program.
"You often face the opinion in traders' professional communities that involvement in an affiliate program does not befit a trader who promotes broker services. We must grow up! Both the trader and the partner are doing business, making money, only in different ways. One buys and sells in the market, the other is involved in direct sales and intermediation. The affiliate program is fair business that cannot be built on deceit. It is telling lies about a broker to engage traders that is unethical and can put an end to the business of such a short-sighted partner".
Myth #5: I can be deceived, my effort will be wasted
Andrey Kharchenko, Odessa. 57 clients, 2 partners, $1,800 of monthly income, 2 years of experience in the affiliate program.
"Involved in this business, some partners are afraid of having their income withdrawn from them. There are no grounds for this unless, of course, you are trying to pull a fraudulent scheme. An affiliate program for many brokers is probably the main sales tool. So it would be stupid to saw the branch they are sitting on. I have worked with FreshForex for over 2 years and have never had trouble withdrawing funds from my affiliate account or having my fees miscalculated (for more details, see Terms and Conditions of the Affiliate Program).
Don't put off till tomorrow and start today
In conclusion, the beauty of the affiliate program is that it offers a win-win scenario for everyone involved: the broker gets clients, the partner gets a fee, and the clients get financial bonuses from working through an affiliate network. Enable the Partner's Rebate service to have part of your fee paid back to your clients and directly refer traders to open accounts and start trading.
The clients you engage are registered for you through your personal promo code or a referral link. These are your main tools that you get right after an affiliate account is opened. Carry out a simple registration to open up access to all client and partner engagement tools in your personal cabinet. They already include your referral link and are fully ready for work.
FreshForex has a Partner Support Center. This is where you can always get a consultation on any issues of the affiliate program, client engagement and development of your own internet business. If your plans are not limited to the internet you can also request information about creating an offline representative office and WhiteLabel partnerships.
