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MoreNiche reinvests 50% of its profits as it develops new markets for the affiliate business

by on October 14, 2013 in Apps & Software, Business, CRM, Latest News, Marketing, Retail, Tech, Uncategorized, Websites

MoreNiche, the premium affiliate network for the health and beauty industry (www.moreniche.com), today announced it is reinvesting £2M of pre-tax profits for 2012-2013 into the company as it develops new projects for the affiliate business.

MoreNiche currently has over 190,000 affiliates operating in the health and beauty market and works with a number of specialist ecommerce companies including Evolution Slimming. MoreNiche, which offers rates of up to 40% for its affiliates, has completed commission payments in excess of £20M since trading in 2008.

Earlier this year, the company announced pre-tax profits of £4M from its health and beauty affiliate business. The company will be reinvesting 50% of these profits into new projects and exploring new markets as MoreNiche extends opportunities beyond the health and beauty industry.

Andrew Slack, MoreNiche’s founder and managing director (pictured), said;

“With 2014 just around the corner, we have a solid strategy on how we can grow turnover and profit. The health and beauty market has been tremendously successful and profitable for MoreNiche, enabling us to reinvest in the business. We’ll be investing some of the capital in proving even better support for our clients, with a large proportion used to develop new markets and projects for MoreNiche as we explore new opportunities in affiliate marketing.

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