Advanced Forex Affiliate Investing And Success

Many people join Forex affiliate programs with the intention to make money, as most new ventures 90% of people lose interest or tend to fail, and the fortunate 10% tend to make a total success of the venture. Forex affiliate programs are no different, there are huge amounts of money to be made promoting the Forex market and Forex trading.
This article will highlight some of the key issues you should watch for in measuring and tracking the success of your efforts with Forex affiliate programs in terms of profit:
Treat Forex affiliate programs as a business:
With a business you will have budgets, so set yourself a budget for promoting Forex affiliate programs: money can be allocated in various forms such as: website development, paid search, Search engine optimization, hosting for your website, content writing, etc. All these costs must be considered when planning your Forex affiliate business.
Measure your success:
After your first few months you will have a bit of data to do more advanced budgeting and decide at what scale you would like to grow your Forex affiliate income.
The crucial data you will need in order to make sound investment choice with your new venture will be:
Total number of clicks
Total number of sign ups
Total amount spent
Total income generated
It is a good idea to spread your initial start-up costs over the whole year (divide by 12) so that you can have a clearer idea if you are profitable or not.
I will use an example to explain the concept:
After 3 months you spent a total of: $1000 for website, SEO, PPC campaigns, content ect
and you generated 500 clicks to your affiliate program, and out of those 500 clicks you had 25 customers that signed up and deposited, and for each of those customers you earned $100 CPA (cost per action), thus making your total affiliate income $2500
Now that you have this information you can start making very detailed business decisions, as now you know some key ratios such as:
Cost per click (total expenses divided by total clicks)Income per click ( total affiliate income divided by number of clicks)Profit per click ( profit divided by number of clicks)
So from this example you can see this program is working out to be profitable, as profit per click equal to: (($2500 - $1000)/500) = $3, from this you can conclude that can spend anything below $3 to generate a click to your Forex affiliate program and you will be profitable. This is important to know especially if you are using paid search
Read more about tips to make money with forex affiliate programs
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