Binary options are a revolutionary trading instrument that enables retail customers to place trades on a huge number of assets, from currencies and stocks, to commodities and indices. Binary traders earn profits by forecasting whether a given asset will rise or fall in value within a set period of time. The simplicity of binary trading, coupled with the fact that binary brokers offer such a diversity of assets to choose from, has made binary options the new big thing in the world of online trading.
So with all this money floating around and changing hands is there a way for you to put your own hand in and secure a piece of the pie for yourself? Well of course the most obvious way would be to become a trader. Binary options are extremely easy to get the hang of. Out of all the methods of online trading now open to retail customers, binary options are definitely the easiest to learn and get proficient at trading. Now of course there is no such thing as a free lunch. Trading is a risky business that involves a great deal of education and research. While binary options as a concept are easy to grasp and can be mastered in a relatively short period of time, this does not mean that they are a sure fire way to make money. There is no such thing as a get rich quick scheme, not as far as trading is concerned anyway. There is always risk when trading, and what’s at risk is your own capital. As such if you are planning to venture into the often forbidding terrain of the world’s markets, make sure you trade with money that you are prepared to lose and not with next month’s rent or your kid’s college fund.
Binary Options Affiliate Marketing
If, on the other hand, you’re not too hot on trading, if you don’t fancy yourself as much of a securities speculator, then there are other options open to you, way in which you can bring your own unique gifts to the table and leave with something in your pocket. Affiliate programs may mean a great deal more work than what is required of a binary trader, but if you strike the balance right and are successful you can earn a sustainable income that is not subject to the whims of the market. The way affiliate programs work is they give webmasters the opportunity to secure leads for potential clients to a broker, the webmaster is then paid depending on how many of these leads his or her site manages to generate and how many of these are converted into full paying customers. There is a lot of money at stake in the industry, so there is a great deal of competition, thousands of websites all vying for the same clients. Now the industry continues to grow and interest in binary options is higher than ever before, so there is more than enough clientele to go around if you succeed in becoming a popular website that can send interested customers over to the binary brokers who are willing to pay you.
This necessarily involves building a useful website that provides potential customers with all the information they need. You must be willing, like a trader, to educate yourself on the subject, and then to go on and educate the people arriving on your website.
With your site up and running the first step towards affiliate pay-dirt is to sign up with as many reputable affiliate programs as you can. There are as many of these as there are brokers and trust us the industry has now grown to the point where there are more binary brokers than one person can feasibly keep track off. Do your research and initially compile a shortlist with the biggest and most reputable brokers in the industry. Each broker will run a slightly different affiliate scheme so make sure you do your research and know exactly the pros and cons of each before committing to anything, otherwise it might not be worth your while to promote them. Most will offer one of, or a combination of the following: monthly payments for advertising (putting their banners on your site), a percentage of the money the clients you refer bring in, a set sum of money for every lead you generate that is converted into a paying trader.
Once you have successfully signed up you will need to use the banners and promotional materials they provide you with to track the click-throughs you are generating.
From there on it is your business to implement solid SEO techniques to boost your affiliate website, as well as giving the visitors to your site exactly what they need by way of content. It is a difficult job, one that involves many hours and a great deal of hard graft but if successful you can build something that will more than pay you back for your efforts.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.