Rapid response is “a lot”. However, let’s mention affiliate marketing online generally. Could it be still profitable, even just in 2021, the next year the international pandemic hit just about all markets and industries? Let’s take a peek.
Forex Affiliate Spending
Statistics reveal that the affiliate marketing online spending in the usa alone has been growing steadily through the years. Also, it is believed to elevate to $8.2 billion by 2022. This is over triple the numbers from A decade earlier. On a global scale, advertisers have invested $13 billion in internet affiliate marketing during 2017. These numbers visit a consistent upward trend that shows just how much this industry can thrive during pandemic times.
That said, you will need to remember that in their initial months, COVID-19 turned the internet affiliate marketing industry “upside down”, as co-founder and CEO of Ignite Visibility John Lincoln stated. Health, medical supplies and so on, in addition to entertainment and supplements saw a gradual take of. On opposite side, gym and some types of education affiliate offers did start to disappear.
However, the most important decline is at ad spend, or amount of cash dedicate to advertising and campaigns. As result, the affiliate market saw optimal performance merely a quarter following your pandemic had hit. Market research done by Rakuten Advertising indicated that during the entire pandemic 42% of affiliate publishers reported a rise in online traffic. Which it held steady for an additional 34% of these, praoclaiming that it’s “business as usual”, with the total performance becoming 57% stronger in spite of the ongoing circumstances.
When we glance at the forex affiliate marketing online, we see that the Triennial Central Bank Survey puts it within a different category – those of $5 trillion daily. This doesn’t include any other markets such as the CFD market, it’s only foreign exchanges. By the way, the global forex currency trading market was worth $1.93 quadrillion in 2016. To put this into perspective, the worldwide GDP was not even half of the during the time.
How Forex Affiliates Generate profits?
So then, when the forex affiliate information mill that profitable, how do forex affiliates earn money? By playing affiliate marketing programs. These are generally partnership programs offered by foreign exchange brokers offering affiliates with certain conditions under which they could receive their commission and profit.
Whenever you see the web and check out various programs, the thing is exactly the same thing called CPA. That is the cost per acquisition, or perhaps simple terms, the fixed sum of money that you receive paid if you refer someone and they make their first deposit.
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