Fact #1: 99.9% of the binary options promos you see online are scams.
Fact #2: Many of the persons responsible for these binary options promos have NEVER successfully traded binary options. They’re marketers, not traders.
Fact #3: These marketers make more money through affiliate marketing than they or their customers do trading binary options.
Over the past two years or so binary options trading has become a huge trend in the “make money online” industry.
Every single day, persons interested in making money on the internet are being bombarded by binary options promos, with the promise of making fast riches overnight. And it’s not because the creators of these promos care about you.
The truth is that 99.9% of these are scams and tens of thousands of internet users are being conned into forking over at least $250 even when they were told that they were being given free software that didn’t cost them a dime.
There’s a reason why these promos are so popular and the majority of the money is not being made trading binary options.
The true engine behind these promos is a business model called affiliate marketing, a business model that could be your ticket to financial freedom.
In this article, I’m going to show you:
- how the scammers are really making their money (none of them are binary options millionaires)
- how affiliate marketing works
- why you want to do affiliate marketing instead of binary options
- why affiliate marketing is the simplest and easiest way to start a business (online or offline).
- how to get started with affiliate marketing
What The Binary Promoters Aren’t Telling You
So you watch a video that says they have a secret software that can make you $5627 per day or make you a millionaire by next Friday.
They back it up with screenshots of their bank account statements and excited people providing testimonials of how the software made them tonnes of money without them even doing anything.
The guy in the video seems like he genuinely wants to help. After all his story makes us feel like he’s just like one of us and if it could happen to him, why not you too.
Trouble is, he should be famous or at least have some kind of web presence but when you Google his name, you get nothing but websites trying to promote his software. Either that or his name is so generic that you just can’t find that particular guy.
In a strange way, something tells you it’s too good to be true but you press on. It’s free so it wouldn’t hurt to try.
You submit your email address and get ready to download the software. They send you to a binary options trading website and here comes the kicker – you still need to deposit $250 in order to download the software and get started.
You think for a while, then grab your credit card. You’re going to have $5627 in your account soon anyway.
Except it doesn’t quite happen like that.
So what are they not telling you?
- The people who create these binary options promos do not know any special secrets to making tonnes of cash with binary options.
- The software they talk about is not exclusive because they belong to the binary options brokers you’re being referred to, not the guy in the video.
- Many of these promoters do not even trade binary options. It’s too risky.
- How are their “millions” made? By scamming unsuspecting audiences into believing the hype and lies which I expose on this website.
Read any of my reviews and you’ll see the levels these people go to just to get you to deposit that initial $250.
They’ll say that they do not want your money but the truth is that the only reason why they made a video and claim to be giving away free software is so they can make up to 100% commission (sometimes more) on your initial deposit when you join their recommended broker.
What happens to you after that is not their problem.
What they aren’t telling you is that there is a much more profitable way to make money online and they’re using this method instead of trading binary options, to make hundreds of dollars every time someone deposits money at their recommended broker.
They also recruit people to help them spread the word about their promotion and these recruits are also engaging in this profitable money making method instead of trading risky binary options.
The promoter pays these recruits a cut of the profits every time someone they introduced to the program goes on to make a deposit.
This highly profitable money making method is called affiliate marketing and it’s totally legitimate, profitable and probably the easiest way I know to start a business.
How the Process Works for Binary Options Affiliates
There are usually three parties involved in the entire process – the binary options broker, the promoter and the end user (depositor).
In the case of most of the promos that I review, there is also another group of promoters (affiliates) that come between the binary options promo and the end user.
Everything starts with the broker though. They’re the ones who pay out the commissions for each depositor that ends up joining their website.
The broker needs to get the word out to as many people so they offer an affiliate partnership where they will give commissions to website owners who send people their way.
You can usually find brokers with affiliate programs by looking at the bottom of their site for a link labelled “Affiliate Program”, “Affiliates” or “Partners”.
In the example above, when you get to the affiliate page for Binary Book, you will see what they have to offer:
- up to $450 CPA / 30% revenue share
- reliable, safe secure payments
- One-on-one support
CPA means Cost-per-acquisition which means that they pay to acquire a customer that will use their services for a long time. With binary options, customers will usually make multiple deposits so they can continue trading as long as they’re making money and winning trades.
So Binary Book will pay the binary options promoters $450 every time they send someone who deposits at least $250.
They binary options promoter also needs to get the word out and they also have an affiliate page on their site as well. They would add their promo to an affiliate network like Clicksure so that they can take advantage of the thousands of affiliates who join the network to promote offers.
For each person who makes a deposit on a broker website, the binary options promoter pays the affiliate originally sent that person to his website to check out the video, a percentage of the commission he received from the broker. So if they got $450 from the broker, they would give the affiliate about $250, sometimes more.
With money like this circulating off just one customer, a lot of these affiliates and binary options promoters would put ethics and decency aside and use just about every dirty trick in the book to get as many people to the broker website.
Millions can be made in just a few short days if the offer is good. For the person who just deposited their hard earned money at the broker thinking they’re about to be a millionaire trading binary options, things usually end up in disappointment when they discover that there’s no such things as set and forget it or when they can’t even withdraw their earnings from the broker. And that’s just to mention only a couple of ways things don’t work out for binary options traders.
But things do work out for the people that ripped them off by feeding them lies. Once the trader has deposited the money at the broker website, the magic has already happened for the affiliates involved.
How YOU Can Make Money With Affiliate Marketing
Now if the concept above sounds awesome except the part where you’re ripping people off, know that there are literally hundreds of thousands of affiliate programs all over the internet that have nothing to do with binary options.
They provide an opportunity where you can truly help people before you help yourself. You can match people to their needs and wants and make a difference in their lives and collect some healthy commissions in the process.
You can do this all day and make a full time income even as you sleep or vacation (as I do).
Affiliate marketing is a legit business model and you can be a partner of brands that you already know and trust.
Here are a few businesses you’ve probably shopped at that will pay you to promote their stuff.
Target (Earn 5%)
You can earn 5% commissions on clothes, toys, electronics, movies and other stuff that Target sells by sending shoppers their using your own unique link.
Amazon (Earn up to 15%)
Everyone knows and trusts Amazon, and you’ve probaby even shopped there. They usually start at around 5% but you can increase this as you sell more stuff to 15%. Plus you get paid on everything someone buys, even if you didn’t originally promote it on your website.
For example, you can send someone their to buy a book and they end up buying a $5000 television. You end up making $250 on the television when you just expected them to buy a book.
AllState Insurance ($6 – $10 CPA)
Seen this commercial?
Allstate has an affiliate program as well and they will pay $6 – $10 for each visitor that receives a car insurance quote. Unlike with Amazon and Target above, their affiliate program is managed by a third party called an affiliate network which can sometimes be a good things.
With affiliate networks, you can sign up for as many affiliate programs as you like, promote them and receive 1 check or bank deposit for all the money you made with the various programs during that month.
These are just a few that you’ve most likely heard off. There are lots more.
Why You Should Do Affiliate Marketing (vs Binary Options)
The thing about the binary options promo scams that I don’t really like is that many people come online to search for a way to make more money and they never even consider doing binary options.
Somehow they get caught up in the idea that they can become rich overnight as per the promises of some made up character and they try it and end up losing their money.
Affiliate marketing is a safer choice that can give you long term stability when it comes to earning money on the internet. Binary options is nothing more than gambling which is why many of these companies are based overseas where gambling is legal and acceptable.
Some other benefits of affiliate marketing:
- easiest way I know to start a business – what other business you know where you can start with less than $100 and end up being profitable within a short period of time?
- work from home with your own hours
- unlimited earning potential – I know affiliates that earn 6 and 7 figures per year
- quit your day job and do it full time (I’m one of those people that realized this dream)
- do it from anywhere in the world – all you need is an internet connection and a computer
- spend more time with your family
- pays residuals – do the work one time and it could pay you for a long time
Simple As 1-2-3 (But You Have To Do the Work)
Binary options scams will have you believing that you can make a whole load of money without even lifting a finger. Many times a pretty girl will pop up with her testimonial saying that she used the software and made $5467 without touching it since setting it up.
The reality is that it’s near impossible to make any substantial amount of money over time without doing any work.
With affiliate marketing, just like any other business, you have to do some work. It involves maintaining a website, creating content and doing research. If you choose to make a website about something you’re knowledgeable about or something you enjoy doing, then it becomes less of a task and just another way to enjoy sharing something you’re passionate about.
There is a simple process to doing affiliate marketing.
The first step is to pick a topic or interest – something that you could create a website about. This is a great way to make money from your hobby if you have one. Or maybe you have some insider knowledge about something people want to know about for example, how to get cruise ship jobs. You can help these people and find an affiliate program that will pay you somehow.
The second step is to build a website. If this sounds hard, its not. I can show you a service that you can use to have a fully designed website up and running in under a minute. All you have to do is create content.
Step 3 is to attract visitors and this is why you have to create content for your website. If you chose a topic that you know and love, then this part should come easy. Think about how you came to be reading this article. This is exactly what I did to get you here – I created this page because I can show you how to make money with affiliate marketing – something that you’re interested in.
The final step is to implement affiliate program links into your website so that you can earn money when visitors get to your website. Put everything together and you have your own business running day and night to make you a full time income once it’s set up right.
How To Learn Affiliate Marketing and Get Started
Affiliate marketing is fun and I’m sure you’re a little bit enlightened and probably excited to start.
However, I cannot teach you everything you need to know about affiliate marketing on this page or this website.
Learning affiliate marketing is a must if you want to set up an online business correctly and earn commissions by partnering with brands and other affiliate programs.
To get started, I’d like to invite you to a website where I’ve been a member since 2007 called Wealthy Affiliate.
This website has some great courses that are tailored for beginners. They’re fun and tasked based and you can get support right on the course pages from the thousands of members that visit the site daily.
Also the owners of the website frequently “mingle” with the members, answering questions and providing guidance. They are real people who also make their money as affiliates while sharing their knowledge and experience.
The site is also self contained and you won’t need to use too many other services as you build your business.
If you’re interested in getting started with affiliate marketing, Wealthy Affiliate is free for starters (check out the beginner course and set up your profile) but has a premium option for people serious about building an online business.