Is the Binary Options Niche Profitable?

Hi.

Binary Options is not a scam. It´s closely related to iGaming, due to nature of it. In short, Binary Options allows you to "bet" on the outcome of how assets perform within the "boundaries", "rule" or play that the broker of the Binary Options offer the investor.

Much like a casino allows players to wager on their games, the Casino will always profit in the long run due to its edge. Such is also the world of Binary Options. In effect, it is actually, by definition, gambling.

Then there´s the affiliate part. Affiliates spend massive amounts of money and resources in order to become the middleman between potential conversions and the casino.

For people to return a positive profit from Binary Options, they need lots of skills, and lots of luck.

This is not a niche, however. Binary Options is a very competitive market, where you need to invest massive amounts in acquiring quality traffic, let alone compete with affiliates that are already in place with websites you can only dream of touching in rankings unless you spend top dollar.

There is ofc. opportunities if you´re looking at maybe attracting, say 10 converting visitors for a CPA of 250 each. In my experience, newbies are better of learning the tools of the trade elsewhere, and focus on learning and applying new skills before even considering "binary options".

Put it like this. You have Casinos, Creditcards, Loans, Travel, and Binary Options. Most, if not all are lucrative if you know what you´re doing. If you do not know what you are doing, you might as well bang your head against a concrete wall and see if that gives you a better idea.

**Edit. Don´t look at a CPA offer by the amount of money you get in return. Higher CPA means more competition, and more competition equals spending more money in order to return any form of profits. You could earn just as much money as a binary options affiliate with PR10 if you have found and truly monetized a lesser known "niche".

Sure, 250 bucks is great, but what happens when you subtract the costs?

KDLmark I know Binary options is a competitive niche and is not suited for newbies to IM.
I am speaking as an experienced Internet Marketer of over 6 years and was directing this question
to the experienced IMers in this forum who is familiar and are successful in this niche.

have tried it and failed, though that does not mean you should not go into it but you must be ready to start with amount you can give-up in case it turns otherwise

Some says it worked for them, and for some it didn't. Who knows.. it might work for you, otherwise be ready for the risk involved.

In every niche there are nuances - basically binary is the "subniche" of the IM, and yes it's very competitive! But... if you want to try - just try and share your experience, especially if you are making money already (somewhere else).

I think the OP wants to do marketing in the binary options niche (CPA, aff...), not trading binary options... you don't need to be an expert to make money from promoting binary options offers and products, but getting familiar with the concepts does help.

I've had some success promoting product launches, $300 commission per sale, but I stopped doing it because of the competition... it requires you to know more about it in order to make a big difference, and binary options is a difficult topic, at least to me

Hi Alley Cat:

These BO sellers are worse an used car sales men even. At least with auto dealers, you get a car. BO is a major scam. Like a roach motel for your money. Cash goes in, but it does not go back out again. It is worse than a casino. Good luck seeing your money.

Please ask BO sales men if you can use pay pal and they say no. Right, like we wonder why that is. Also, they do not accept credit cards, but they want a bank wire. Yeah, to a bank that is over seas.

2 affiliate networks, tens of high converting offers and high payouts, obviously the niche is profitable and probably highly competitive from the above answers.

Is it ethical? Is gambling ethical?

Whether or not it's profitable is a topic of conjecture.

What I can say, is that there are a boatload of binary offers being sold on most CPA marketplaces, so it's profitable to sell in many circumstances.

But, profitability is often a red herring.

I have earned at least $ 2,000 each month from Affiliate Binary Option. It offers $ 250 CPA is real, even you can be up to 300 CPA, 350 CPA if you bring more investors to the company Binary Option.

The CPA offers are no scam, BO-trading itself is gambling with a horrible expected value.

Yes, the niche is pretty profitable. Problem is, your customers have to make a minimum deposit which is at least $200 in most cases, so the conversion rates are not that high.

I make money from both, binary options and gambling niche and I prefer gambling, because online casinos pay good (~$150) per deposit ( ~ $25 - $35).

Hi hardworker2013,

just be careful and choose a good affiliate program.

Read reviews on the web, warning to those Web sites, new or recent they pay you $ 500 or more.

You can make a lot of money in binary options / trading niches.

Do not let fear can stop you!

My issue isn't whether or not binary options is gambling. (def of gambling is risking money/property on an uncertain outcome) so based on that a lot of things are gambling.

The difference is if I go and throw $100 on a sports bet in vegas or $100 at blackjack table I know I will get paid if I win.

With these overseas bo companies you don't. And they make it hard to get paid. So you the end user is the one getting screwed.

I am for binary options I use it every day but the regulated one that I know me and my clients will have no problem getting my money out of. So its not an issue whether morally you like dislike gambling its an issue of the fact you are getting someone to deposit $$$ into a place whether they win or lose that won't see the money back.

Here is the way that most people who are making money in binary options are doing it, and it doesn't involve trading:

1. Find a piece of software to offer that helps people trade binary options. The software does not need to actually produce good results. In fact, it need not work at all.
2. Give the software away to your site visitors, but tell them that the software will only work with certain trading brokers.
3. Tell them that there are advantages to opening accounts with multiple brokers.
4. Provide them with an affiliate link to three or four brokers.
5. Earn $200-$400 every time someone signs up with a broker and makes a deposit.
6. Respond to complaints that the software doesn't work by reminding them that it was free.

I saw a sales page for one such product that had a "buy now" button on the page to purchase the software for $4999. When you click the button, you get a popup message that says that the seller requires you to test the software for 60 days for free before he will permit you to pay for it.

No one ever buys it, of course, because it doesn't work. That doesn't matter, because in order to find out if it works or not, you have to sign up with the three brokers he recommends, and he might have earned $1000 from you for your "free trial." You get nothing, and you're out a lot of money in deposits at brokerages, but he's earned a ton of money in CPA commissions.

That's how people in the marketing world are making money off of binary options. I have no idea if anyone who actually trades them is making money or not.

Charlie

I guess there has to be a balance somehow, it is not ethical promoting a product that is a scam even though i i am earning an enormous commission rate. I would love some feedback from others who are in this niche.

The problem with binary options is that the upside potential profit is fixed / limited. So in order to just break-even, you have to be right like 60%+ of the time. That's nuts!!!

Binary Options is a very difficult niche to deal with...

Ensure that you have a strong blog that provides detailed insights on binary options...

With so many brokers in the market, be an affiliate of one that has a strong reputation (I would personally recommend you 24Option or eToro)...