Affiliate programs have been a staple of the modern marketing world, and the trading industry is no exception to this rule. Social media influencers and other trading personalities do an excellent job of driving traffic and purchases.
Unfortunately, modern affiliate marketing models present two huge problems:
1. Affiliates are incentivized to jump from one brand to the next
2. Firms risk losing lifesaving revenue if they can’t retain their top affiliates when they switch brands or choose to start their own businesses
FunderPro has been working hard on a new affiliate model that solves these two headaches. Let’s explore it.
A New Commission Model That Incentivizes Retention
FunderPro has successfully implemented a commission structure for its affiliates that incentivizes them to stay, not to switch to the next best deal.
The two main pillars of this affiliate model are:
· Commissions are paid on every sale made through the affiliate link, not just the first one or the first few, as per industry standard
· Commissions increase based on volume. Affiliates can earn up to 20% commission on every challenge sold
Allowing affiliates to earn on every challenge makes the job of the affiliate easier: they know that they need to learn just one product and can trust the brand to reward them indefinitely. There is no more lost time due to switching from one brand to another. This also solidifies the credibility of the affiliate, who is not seen as a mere salesman.
On the other hand, rewarding affiliates more if they are more effective just makes good business sense. Again, this further solidifies the trust relationship between FunderPro and affiliate brands, creating a win-win feedback loop.
Technology to Start Your Own Prop Firm
Sometimes a personal brand becomes so big that the role of affiliate is just outgrown. However, the financial commitment necessary to start your own prop trading firm may still be a little bit too much. Not with FunderPro.
FunderPro’s B2B white label technology can provide affiliates with their branded dashboard, website, checkout, and challenges. The modular nature of the technology allows FunderPro to build a firm around the vision of the affiliate and customize the experience in a way that is best suited to their community.
All the technology is developed in-house using over a decade of hard data, so there is no guesswork involved. Furthermore, all external connections to third-party services are also developed by us and integrated seamlessly into the product. All you need is to sign up for those services and you’ll be ready to go (we can help with that, too!). Everything is ready for you to start offering prop trading challenges, including 24/7 trader support.
FunderPro can set up a prop firm in 7 days and, unlike most other providers, there are no recurring added fixed fees.
Summing Up: The Future of Affiliates
The market is changing, and we know it. Social media is changing, and affiliates need all the support they can get to thrive in a hyper-competitive environment.
At FunderPro, we care for the people we work with. This is why we created a framework where an affiliate can start from little, build their brand, and increase their revenue streams gradually when it makes sense.
FunderPro is in a unique position to do that, as we can analyze a decade’s worth of data and have our own white label technology to support affiliate growth. If you are interested in becoming a FunderPro affiliate, visit this page.
If you are already at a stage where you want to explore starting your own prop firm, book a call with one of our Prop Firm Experts.
