Start a forex affiliate website with only $100 investment

Listed Under: Forex Affiliate Marketing

Perhaps one of the first questions that comes to mind for those wishing to start a forex affiliate website is the most cost effective way to get started. Forex affiliate marketing is a niche that offers a great potential to make residual income. It is competitive no doubt and there are instances when its very easy to get dragged into the competition. Webmasters end up paying a lot of money but when it comes to the return on the investment, the figures speak otherwise.

In this article, we present the most cost effective way to get started with your own forex affiliate website. We include the basic aspects from domain name to webhosting to as well as outsourcing SEO services to getting forex content on your website.

Forex affiliate website – Domain Name Registration

There are basically two choices when it comes to choosing a domain name for your forex affiliate website. Webmasters can choose to register a fresh domain name or can opt to buy an existing, also known as aged domains. We don’t go into the details on the pros and cons of whether you should register a new domain or opt for an aged domain. Read this article to get an understanding on how to choose forex domain names.

The average price for registering a domain name is around $10 for a year. Domain registrars such as Namecheap offer great promotions for registering or even transfering your domain names over to them. The icing is that with Namecheap, you also get one year free whois protect as well. A must use option if you do not wish to be prospected by various forex brokers looking for new affiliates.

GoDaddy’s marketplace is a great source to find out expiring domains. You can get existing or aged domains for as low as $5. It is always a good practice to go with an aged domain as the chance of it being indexed by search engines are much higher in comparison to having a new domain being registered. You can also refer to our expiring forex domains section on our forums for a daily list of forex expiring domains.

Price for domain registration: $2.99/year from Namecheap
Average price for transfering existing domain: $8 from GoDaddy Marketplace

Forex affiliate website – Web hosting Services

The next thing you need is a good webhost. This topic is vast and is based upon a webmaster’s individual preferences. But at the outset, there are three main factors to consider when choosing a webhost.

• Uptime & Reliability
• Customer Support
• Webhosting features

We highly recommend HostWinds for their Linux webhosting packages (which is more popular and most CMS platforms run off PHP) that offer shared hosting with unlimited bandwidth, MySQL databases and webspace. While not that popular as Hostgator, Hostwinds has a reputation for its superior customer service (US based support) that will definitely impress you.

Webmasters can choose from the basic, advanced and business hosting. But for the sake of this article, let’s focus on the basic hosting which is priced as $2.92/month for a 12 month package. Use the code ‘GET25OFF’ to get a 25% off for the first year.

Webhosting – 26.28/Year (Use Code GET25OFF) via HostWinds

If you are really cash strapped. Then you can skip webhosting and point your domain to Blogger or Weebly or other such blogging platforms that offer a free platform. However, this will limit the capabilities when it comes to customizing your website.

Forex affiliate website – Site Design

The choice is basically up to you on which CMS platform to use. To cut short the debate, WordPress is highly recommended. You can read this article on how to choose a CMS platform that is ideal for your requirements.

WordPress has a great community of users as well as developers. So in case you are not good at programing, help is always a forum post away. In terms of having a good website design, which plays an important role, head over to Themeforest, which offers a great collection of Worpdress themes. You can pick and choose the themes based on your requirements (Drupal, Joomla, WordPress themes) as well as how comfortable you are with the theme. Paid wordpress themes are much more robust and professional looking. The average price of a wordpress theme is $35 and you should not have any problems in finding a theme of your choice. Besides, all themes that you buy come with developer support as well.

Website Design: $35 via Themeforest

Forex affiliate website – Financial Content

Post Google Panda’s algorithm, it is always advisable to make use of your own unique articles with a focus on quality and information. However, given the niche we are dealing with, forex requires a lot of fresh content. Below are some free forex sites that allow webmasters to use their content.

Forex Content for your website from Freshpips

Freshpips is a community site made up of forex traders, forex webmasters as well as analysts. The content is made up of user submissions, so you get access to a variety of financial content. To use content from freshpips, click here and select your preferences. Use the javascript to add it on to your site.

Forex Economic Calendar from ForexFactory

Forexfactory is a very popular forum. They feature the forex economic calendar widget that is ideal to use for your website and can also increase visitor engagement. For those new, a forex economic calendar features daily economic news and market releases. This is important as most traders who trade forex based on news events closely follow the economic calendar. Head over to ForexFactory and select your preferences. Copy the code and paste it onto your site to display the day’s economic events.

Forex widgets and quotes

There are many websites that offer forex widgets. However using these widgets comes at a price. All widgets from other websites make use of forex widgets that link back to their site. If you follow logic, you wouldn’t want to give away free traffic.

Most forex brokers now a days offer their own forex widgets. This is ideal because you these forex widgets are linked with your affiliate tracking code in them. This way, even if a visitor clicks on your site, you still get credit for the referal.

Below are some of the forex brokers to name a few that offer various widgets.

• AvaPartner
• eToro Partners
• 500Affiliates

Coming back to the article, so far the average spending is $62 rounded off. This leaves us with $40. Depending on whether you want to register a new domain @ 2.99/year or transfer/purchase an existing forex domain (average cost of $18 at GoDaddy), this still leaves us with another $20 that can be used for either getting a good logo designed or to outsource for content writing.

Our total expense for setting up a new forex affiliate website is under $100 for the first year. If you can manage to build up on your SEO strategy and get your website ranked in search engines, then if you factor in the average CPA of $200 offered by most forex or even binary options affiliate programs, it is a great return on investment. If you start seeing results consistently, then invest in a pro package of SEOMoz to keep track of your seo activity as well as an eye on your competitors.

Of course, don’t just stop there. The moment you start seeing results, is when you should quickly scale up your operations so as to make your website more search engine friendly while at the same time keeping your investments low and reaping the benefits of your work. Remember, its not that difficult to get started with forex affiliate marketing. Don’t make the mistake of investing bigger budgets into your website and/or SEO strategy. The first step is to invest wisely in a forex affiliate website and keep your costs low until you start seeing profits.