If you like the idea of making money from helping other people make money, then affiliate marketing on behalf of financial companies may be of supreme interest to you and may increase your wallet size.
Whether it's affiliate marketing payday loans, forex brokers, or credit reporting services, millions if not billions of people get online every day trying to make more money, budget money better, and whatnot. Remember, too, that financial products can often be higher price items, for example an exclusive seminar or education program; high cost per sale can lead to significant commissions.
Indeed, the breadth and depth of different product offerings in the finance / money category makes affiliate marketing of financial products very appealing. Our goal in the Ace Affiliates Financial section is to help you choose which financial affiliate programs are most worth your time.
In addition, there are a couple peculiarities to affiliate marketing for financial products, so we will try to point these out. These are big picture items that you may want to keep in mind as you choose between finance-related affiliate programs.
One trend that standouts right now in finance affiliate marketing is the global nature of the game. Take the forex brokers for example. Forex brokers facilitate the trading of foreign currencies one for another, for instance if you think the Euro will go down in comparison to the US Dollar.
Foreign currency trading is a great hobby, even an avocation in certain foreign countries, such as Saudi Arabia and Dubai. It is fairly common for a person with money, in those countries and others, to make a large deposit into the forex trading markets and start trading foreign currencies.
Here in the United States, though, forex trading is not necessarily as popular, especially as so many working and middle class people have fallen into unemployment with little to no disposable income.
So you see that if you are affiliate marketing forex brokers, you're more successful if you're globally-focused, for instance if your forex site has been translated into Arabic and other languages.
Another thing you want to look at if you're considering marketing on behalf of financial companies is the continuing trend towards education and in particular online education. There are many colleges that charge thousands of dollars per year to students, and they may be open to allowing you to promote their programs. Online education is not a fad, it is here to stay.
On the downside, financial companies have taken a major hit in terms of credibility over the first part of the New Millenium. From Enron to Lehman Brothers and beyond, there is no industry that has crapped itself quite so publicly as the financial industry. Reputations have suffered immensely, to say the least.
None of this is said to score political points, this dynamic is only mentioned because as an affiliate, you must consider whether or not your audience will respond to the offers you are promoting. If your audience will think that ads for payday loans on your blog are inappropriate and a turn-off, you need to consider that just as you consider what commission those payday loan companies will pay you.
In the end, it all comes back to that eternal truth of affiliate marketing that you have the most success in this business when you can connect up with merchants whose products you respect. It is similar to a celebrity who endorses a product: the advertisement is more convincing when the celebrity is most convinced.