Forex affiliate networks come in all shapes and sizes, but what exactly makes one better than others? What are the features you should be on the look-out for when it comes to choosing the best forex affiliate network? Read on and find out!
Forex Affiliate Networks
Forex affiliate networks are aggregators of offers from various brokers for you to promote and make affiliate commissions. Under a single user account on a network like Forex Ads, you’ll be able to promote offers from several brokers. This ability to promote multiple brokers can have significant benefits to you as a forex affiliate, including but not limited to:
- Multiple offers
- Single payout point
- Faster earning thresholds
- Easier link management
Working with a forex affiliate network means you can promote offers from all the brokers on the network with a single payout point, the network. Imagine promoting ten brokers, for example, and having to deal with ten different payout processes. Working with a forex affiliate network means you can promote multiple offers with one single payout point.
Almost all affiliate programs will have some earning thresholds you’ll have to reach before receiving your affiliate commissions. If a particular broker has an earning threshold of $500, then until you’ve made $500 of commissions with that broker, you won’t receive any payments.
Promote ten different brokers, and you’ll have to reach or surpass the individual earning thresholds before you get paid.
That all goes away when you work with a forex affiliate network. All your commissions from all the different brokers you promote will count toward your earning threshold, so you’ll end up getting paid much faster than with individual brokers.
Link management also becomes much easier with networks. If you see one of your offers is performing better than others, or one of the brokers you’re promoting isn’t converting well for your particular traffic, then all you need to do is swap out your links in your network admin panel and direct traffic away from low-converting offers to your best performers.
Choosing the Best Forex Affiliate Network
There are several parameters to take into account when it comes to the choice of a forex affiliate network to join. Over and above the number and size of the different brokers a network might have access to, you need to look at the elements vital to your relationship with the actual network as well. The key points to consider are:
Reliability and Security
Does the forex affiliate network have a good reputation for reliability and security? Do they support their forex affiliates? Are their systems secure? Don’t forget, we’re talking about a lot of data and information here, and the last thing you want is for any of your referral data being at risk, or even your personal information.
The problem is you can’t just take things at face value. Luckily for you as an affiliate, there are plenty of resources you can use to check the reputation of the network you’re considering. Affiliate forums are a great place to start. Most forums will have rating sections with information about network performance.
One of the most important factors to take into consideration is the network’s reliability. After all, the reason you became an affiliate was to make commissions, right? If the forex affiliate network you’re working with doesn’t track your referrals accurately or doesn’t make payments on time, this will have an impact on your business. As an affiliate, you invest time and energy, and in the case of paid traffic, money.
The only way the relationship works is to sign up with a reliable forex affiliate network.
The best way to get higher conversions is to send targeted traffic to an offer page. If someone is looking for a broker that offers MT4, there’s no real point directing them to a broker with a different platform. If a broker doesn’t accept clients from say Belgium, then sending Belgian traffic to that broker won’t make you any commissions.
One of the beauties of working with networks is the flexibility you’ll have with your targeting. On a single affiliate link, you can promote multiple brokers secure in the knowledge that regardless of the traffic you send, there will be a matching offer.
At Forex Ads, we roll traffic, so all the traffic you send us is automatically pushed to the best match. Send traffic from Country A, and we automatically run that to the best converting broker accepting traffic from that country. Traffic is expensive, and we do our best to make sure your traffic finds a home!
Affiliate Network Software
One of the first things successful affiliates look at is the software a forex affiliate network is using. A reliable solution should be able to track all your traffic and leads, from acquisition through the marketing funnel, to a conversion. You should be able to have an at-a-glance look at all your marketing efforts with the ability to drill-down into detailed and specific information.
First of all, the affiliate software has to be easy to use. Setting up the parameters of your campaigns needs to be easy. Different brokers will have different settings for their offers. Some will have CPA (Cost Per Action) payouts, and some will specify CPL (Cost Per Lead) payouts for forex affiliate. Different brokers will have different qualifying requirements for payouts. If you can’t get all the information you need, making an educated choice becomes challenging to do. The more information you can get from the network’s software, the more informed will be your decisions and, ultimately, your earnings will improve.
Tracking is one of the critical components of any profitable affiliate campaign. If you don’t track all your marketing, then there is no way of knowing which of your campaigns are making money and which ones are losing money. Even if all your campaigns are profitable, some will be making more money than others. The best way to maximize your affiliate earnings is to scale your most profitable campaigns. If your network software can’t give you all the details you need to make the best choices for your campaigns, then your overall results will suffer.
If you’re using your tracking domains (and you should) on a separate tracking solution (and again, you should) then to best track your marketing results and affiliate earnings, you must be able to to use S2S tracking (Server to Server), also known as Postback tracking. S2S is an extremely accurate and reliable way to track your campaigns since all the tracking and conversion data takes place on the network’s server. It can be quite complicated to set up, though, but it is the most accurate way to track affiliate marketing. Does your forex affiliate network use S2S? Forex-Ads do.
Beyond tracking, however, the software your network uses has to have several other features. Reporting, for example, and Real-Time Updates. Affiliate marketing is a fast-paced and fast-moving world. Reporting plays a massive part in your success, and if you can’t generate the right kind of report, staying ahead of the game will be difficult.
At Forex-Ads, we give all our affiliates access to in-depth reporting. If you can imagine it, you can probably generate a report for it!
OK, you’ve run some fantastic campaigns, had a load of conversions, and now it’s payout time. Is it going to be easy to get paid by your forex affiliate network? You can never overrate the importance of reliable payment methods. You might have based your choice of affiliate network on the range of brokers, offer types, and payouts, but the overall statistics paint a different story.
41% of affiliates who stopped working with a network said payment issues were the main reason.
These are the main factors affiliates look for in network payments:
- Time to receive payments
- Withdrawal fees
- Straightforward verification process
- The popularity of payment methods – are these supported in other networks (traffic for example)
We pay our affiliates four time a month. Yes, make sales, and you’ll get paid every week. We appreciate and value your efforts for us, and the last thing we want to do is delay your payments. Sign up with Forex-Ads, and your commissions will be right there for you every week!
We keep all withdrawal fees to the absolute minimum. The only withdrawal fees are the ones levied by your bank, for example. If you choose to be paid by PayPal, then the only expenses will be the ones PayPal charges.
Verification is easy. We need a copy of a photo ID and proof of address. Simple
Withdrawal methods we support:
- Credit Cards
- Bank Transfer
We make it easy for you to promote great brands, and we make it easy to get your money at the end of the day (or week to be exact!).
Choosing a forex affiliate network to work with is the starting point for your affiliate business. You might have great traffic sources and be able to generate amazing campaigns. If your network lets you down, though, all your efforts will come to pretty much nothing.
We’re always available for a chat, so why not reach out to us and see what we have to offer? We’d love to hear from you!