Comparison of Forex and Other Markets
There is a market for every sector, making affiliate marketing a profitable way to generate passive income globally. Forex trading, in particular, stands out for its accessibility and high liquidity, attracting many individuals who see it as a promising starting point for their trading careers.
One common question that arises when exploring a specific market is, “How can I become an affiliate?” This often involves selling indicators and disclosing business tactics in forex trading. Other businesses, such as online services, web hosting or development, sports, travel, finance, CBD, VPN, beauty and cosmetics, fashion, entertainment, and games affiliates, have their own approaches. Let’s examine a few examples for comparison.
Amazon
Amazon is well-known for its Affiliate Program, which offers various commission terms depending on the goods sold through affiliate links. With its extensive catalogue, Amazon proves to be effective for both new and established affiliates. Additionally, Amazon provides a Career Choice program that supports hourly employees who have worked for more than a year, covering 95% of their education and expenses for a certificate or degree in subjects like computer-aided modelling, aircraft mechanics, or medical laboratory science.
Fiverr
Fiverr, a rival to Amazon, focuses on services rather than products. It allows independent contractors to earn an hourly minimum wage by fulfilling orders related to coding, design work, business inquiries, and more. Fiverr’s partner program offers earnings of up to $1,000 for each sale, using a hybrid approach of $10 CPA/10% profit share, or $150 CPA for each first customer. With over 250 segments and more than 3 million digital services available, Fiverr provides ample opportunities for affiliate marketers.
The website builders
Website builders like Squarespace, Wix, Shopify, ReferralCandy, and others offer affiliate networks that are also popular among marketers. These platforms cater to individuals or startups seeking to build websites with or without technical knowledge, utilizing intuitive designs. Since customers who choose yearly plans tend to stay longer, affiliate fees can be higher. For example, Wix rewards partners with $100 for every sale made, allowing users to start building websites, blogs, or landing pages in different languages. Shopify’s platform pays affiliates $58 when a merchant signs up for a premium subscription through a referral link. The profit percentage can vary based on the affiliate’s financial input, effort, and energy.
The gaming Industry
The gaming industry, which was valued at close to $160 billion in 2020, offers opportunities for streamers and video makers to participate in affiliate schemes. Twitch, the largest streaming platform, had over 2.9 million active viewers in the first quarter of 2021. To qualify for its affiliate program, channels need a minimum of 50 subscribers, 500 broadcasting minutes in the previous 30 days, three or more continuous viewers, and seven different broadcast days.
Affiliate market for Forex
When closely examining the Forex affiliate market, it becomes clear that it operates differently from other sectors. Firstly, the forex market is substantially larger, with an overall value of almost $2.4 quadrillion, and forex affiliate programs have their own unique characteristics. Moreover, affiliate conversion rewards tend to be higher in the forex market due to their nature.
Forex marketers who already have a strong social media following and online presence can benefit from rewards for every client based on the volume of referrals. Sharing trade signals has become easier and more profitable in the Internet age. Consider exploring BlackBull’s collaboration program to form your own opinion and experience the benefits.
