How can the fairy collective surprise the sin?
There are several lists with “ways to make money with a website” on the Internet, but none of them seem to be complete. That is why I decided to create this one. If you know a method that is not listed below, just let us know and we’ll update it.
Notice that ways to make money with a website are different from ways to make more money from it. Methods to increase your traffic or click-through rate will help you make more money, but they do not represent a method of making money per se.
For example, one could suggest that blending AdSense ads with the content is a way to make money from a website. In reality it’s not; it’s just a way to make more money by improving your ad click-through rate. The real monetization method behind it is a PPC ad network.
The list is divided into direct and indirect methods, and examples and links are provided for each point. Enjoy!
No matter what your site is about, the way to get traffic is pretty much universal – on page and off page optimization. Apart from on page SEO what else can help bring forex traders to your financial portal, forex forum or blog? What are the tricks to get noticed? How to do the off page optimization wisely?
Once you have optimized the website itself with unique title and content, correct meta title, meta description, design, easy navigation, site map and once you have selected the target keywords for your forex website, it is time to work on off-page optimization. Here are couple of tips:
1. Post in forex related forums and blogs
Provide quality answers and advices to traders by writing post and helping the users of the forex forums. Here are things you should pay attention to:
· Look for forex related forum and blogs
· Find out whether the blog is a dofollow
· Make comments, post advices, earn trust and become top commentator (with at least 100+ posts). Usually forums give titles to top posters – such as “Expert”. Forex traders will sure visit your site if you have a prestigious title next to your username!
· Never stop commenting! It is an on-going, daily process.
2. Submit to social networks
Social networks, such as digg, is very important for your forex website development. It is crucial to post useful links, and not just plain advertising. Diggers can ban you if you appear to spamy.
3. Submit articles
Write as many articles as possible. Submit it to top article directories such as ezinearticles. You have to become a regular writer and, at the same time, provide quality material. Captivating articles are very useful. Forex traders, especially beginners, constantly search for educational material. Posting and submitting your articles to directories can bring a very good traffic flow.
After some time, your writing skills improve and your articles will become a true magnet for forex visitors. Once the number of visitors increase, so will the quantity of leads generated.
Ah, and one more thing - when you submit at article to directories, don’t forget to add a back link to your forex website (in most cases you are allowed to add up to 3 text links in the resource box).
4. Analyze the competition
Never stop looking around and spying on your competition. You can easily get unique forex ideas by simply checking out what others have already made.
5. Make Announcements
If you just started a new forex website, it might be a good thought to write Press Releases. Let others know what’s new on your site – new forex section, daily fundamental analysis, brand new forex forum, trader’s online help etc.
6. Advertise with Google Adwords
If you are not satisfied with the traffic, try using google adwords to promote your forex site. Apart from google adwords, there are other good advertising sites which can bring quality traders your way. Research online which traffic provider is best suitable for you in terms of services and fees.
7. Get Backlinks
The forex keywords you have selected to rank well with should be used in the back links directed to your site.
8. Be patient
Forex affiliate marketing is blooming resulting in increasing number of forex sites. Many affiliates strive for success, however not every site brings income. What make a website profitable? What are the common affiliate mistakes and how to avoid them?
Mistake 1: Don’t know anything about forex
Whether you like it or not, you have to understand what you promote, especially when it is forex market. If you don’t have enough time and effort to sit and learn what forex is all about, you might want to pass it up. Forex has to become your area of expertise, your passion, your “one and only”!
Being an expert in forex is of course not everything in affiliate marketing, however in the long run, if you do invest your time in understanding, your experience with forex will be much more pleasurable and profitable.
Mistake 2: Spam potential traders
If your forex website collects emails for newsletters, make sure not to send spam. The newsletter should contain informative and useful information for a potential and existent trader.
The links/banners of forex brokers or other forex products you present should not overwhelm the reader, otherwise traders will hate your site, block the newsletters as junk and never visit your site again. Even if you need to hire someone to write a decent forex article – do so. It is worth the fee.
Mistake 3: Wrong tracking code
Make sure to check and recheck the tracking code (both links and banners) you set up on your forex website. Even one tiny mistake can result it disaster – the traders referred by you will not be tracked and added to your affiliate account.
Mistake 4: Not getting your own feet wet
As a forex affiliate, you have to convince the traders to trade with promoted forex brokers or buy certain trading products. It is impossible to give a truthful review on something without trying it out yourself.
You can lose respect and trust of the visitors. How? Here is the scenario – you promote a forex broker or product that doesn’t deliver what is promised. By promoting them, you are responsible for the recommendations given to traders. Therefore, it is your job to see what is really delivered.
Mistake 5: Giving up too quickly
Many affiliate beginners, especially in forex market, seek fast income. It is crucial to be patient and put all the efforts in the content building – the results will surprise you!
Keep in mind that some potential traders don’t deposit right away. On the opposite, they learn about trading and practice with free demo account provided by most forex brokers. It can takes several month before the first deposit is made.
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!