By James Woolley
The forex trading niche is one that attracts an awful lot of affiliates because with so many products on sale and so much demand for these products, there are some big commissions to be made. However very few people actually end up making serious amounts of money from their own affiliate marketing efforts, which leads them on to two tier forex affiliate programs.
Two tier affiliate programs are available in every niche, not just the forex niche. Nevertheless they enable you to not only make affiliate commissions yourself, but also to refer other affiliates and earn commissions from every sale that they generate as well.
So for example you may find that a forex company will pay you 20% for every sale that you generate yourself, and maybe 5 or 10% for every sale that one of your referred affiliates generates. Therefore if you bring in a lot of affiliate marketers, you can expect to earn some huge commissions in the long run.
Indeed many people find that after a while they are making more from their second tier than they are from their own marketing efforts. Therefore they don’t really have to do anything. They can just sit back and let their affiliates do all the work for them. It really is a great way of earning some passive income.
Before you get too carried away, however, it is worth remembering a few things. First of all you could bring in maybe 100 affiliates, but if you think that all of these people are going to generate lots of sales, then I think you are going to be disappointed.
You have to remember that the vast majority of affiliates never make any money. So out of these 100 people, you can expect maybe 10% of these people to generate any sales at all, and maybe a handful of these people to make some serious sales.
Therefore when encouraging people to join your two tier affiliate programs, you have two options. You can either sign up as many people as you possibly can in the hope that some of them are bound to do well, or you can go after other website and blog owners and just target those people who are more likely to be able to generate some decent sales.
The point is that recruiting affiliates can be a very profitable business. However you have to try and get at least a few decent marketers on board, otherwise you are unlikely to make any real passive income. If you do manage to do this, then there are big rewards on offer and you can of course make even more money if you promote products yourself. So on the whole it is definitely worth looking at two tier forex affiliate programs.
About the Author
James Woolley is both a forex trader and an affiliate marketer. Click here to discover which affiliate programs he regards as being the best forex affiliate programs.
