Several aspects have made copy trading incredibly popular today. First is the rise of powerful, user-friendly platforms that support this activity. Most of these platforms are available on IOS and Android, which has made copy trading more appealing. This strategy allows thousands of busy traders to focus on other matters while still earning income.
The good news is that both social traders and affiliate marketers can monetize the current copy-trading craze and rake in handsome returns. If you belong to either or both categories, here’s what you can do:
1. Earn Passive Income
You can monetize the copy trading craze by joining an affiliate program. You can promote reputable service providers that support this activity and earn a commission. The company you partner with can give you a one-time payment or share a specific percentage of your referrals’ investments over time. Before trying this venture, learn how to become an introducing broker in 6 steps.
As an experienced investor, you can join your favorite brokers’ strategy provider program. You will get paid every time other traders and investors copy your strategies. This is one of the easiest ways to earn passive income since it doesn’t involve complicated tasks like managing individual client accounts or selling online courses.
2. Leverage Social Media
Copy trading is going viral, and thousands of people want to learn to exploit this strategy. You can reach out to most interested individuals via social media platforms like TikTok, Instagram, and Facebook. Unlike traditional marketing strategies that often require you to pay hefty sums, posting content on social media is usually free, so you get to cut costs while netting referrals.
Moreover, you can significantly increase your reach and conversion rates by partnering with influencers for a small fee. If your influencer is an expert, they can also teach newbies the basics, like opening a new account and placing their first order. Suppose you want to avoid influencer sponsorships and fees. In that case, you can open and build a free community, attracting more clients.
3. Exploit Multiple Strategies
The beauty of engaging in social trading and affiliate marketing while the copy-trading craze is going on is that you can use different strategies to earn income. Besides marketing brokers and joining strategy provider programs, you can offer premium content for paying subscribers. It can be anything from everyday trade insights and signals to exclusive mentorship for high-net-worth investors.
And, if the trading company you partner with offers ongoing payments like AvaTrade, you can increase your earnings multifold through email marketing. Your emails will encourage your referrals to keep trading with your partners, guaranteeing a never-ending income stream.
Start Monetizing the copy-trading craze
Tapping into the copy-trading craze experienced today should be easy when you’re a social trader or affiliate marketer. From recommending top providers that support copy trading to allowing others to copy your trades and earn commissions – the options are endless. To enjoy maximum returns, consider exploiting multiple income streams, like providing copy-trading courses, blogging about this topic, and teaching newbies through YouTube videos.
