How Much Do Affiliate Marketers Make?
Consider having more financial freedom to travel or enjoy a more relaxed lifestyle at home for a while. If this sounds too wonderful to be true, it doesn’t have to be a pipe dream. There are numerous ways to make money online using the Internet. According to Upwork and the Freelancers Union, in 2019, 35% of the American workforce did some freelance work. Furthermore, 77% of them said that technology made it easier to find freelance work. Affiliate marketing is one of the ways to make money on the internet. Does affiliate marketing really make money? Let’s take a closer look at it. What Is Affiliate Marketing? Simply said, affiliate marketing is the act of selling goods and services from another person or company. It works in the same way as a referral service. You set up a website or blog and enroll in affiliate programmes that are relevant to your target audience. Affiliate networks, such as VIP Response, which provide you with a link to place on your website, can be used to access these programmes. When someone clicks on the link and buys the product, you get a percentage of the sale as a commission. The affiliate marketing industry is still growing. Affiliate marketing average income spending is expected to reach $8.2 billion in the United States alone by 2022, according to Statista. As a result, there is unquestionably an opportunity for advancement and profit. We believe this even more when we see examples of super-affiliates publicly disclosing their revenue figures and success stories. Get Inspiration From Famous Affiliates To obtain some ideas, consider the following renowned super-affiliates: Pat Flynn, a well-known affiliate marketer, built his affiliate marketing income $8000 to $100.000 per month in just two years Tom from OnlineMediaMasters increased his affiliate marketing earnings from $20k to $150k in just two years Doug Cunnington made $70k in 2017 from just one specialty website. Isn’t it motivating? However, after a few months of no or minor revenue, consumers become impatient and distrustful. Some people lose hope and give up; others begin to ask questions and hunt for new ways to make money. Because they are still far short of the desired figures. How Much Do Affiliate Marketers Make? The affiliate marketing industry is still growing. Affiliate marketing spending in the United States is predicted to reach $8.2 billion by 2022, according to Statista. From $5.4 billion in 2017 to $1.6 billion in 2010, this is a considerable gain. VigLink has released a new research that examines how much money affiliate marketers make. According to the research, 9 percent of publishers made more than $50,000 in affiliate revenue in 2016. Affiliate marketing was estimated to contribute between 5% and 20% of annual sales by the majority of retailers (65%). A link between revenue and experience was also discovered in the survey. Affiliate marketing has been used by 60% of the top-earning merchants for at least five years. Is Affiliate Marketing Profitable? Affiliate marketing, indeed, is profitable. Also, you can easily call it a “passive income”. While we’re on the subject of making money, you’ve probably heard that affiliate marketing can supply you with a steady stream of revenue. What exactly does that imply? Any money you earn in a way that doesn’t involve much effort and is simple to retain is referred to as passive income. It could be an eBook you produced a long time ago or a video tutorial — whatever it is, as long as it continues to make you money, it counts as passive income. So, how does affiliate marketing work in this case? Assume you run a food blog where you publish recipes you’ve tried, rate places you’ve been, and rate culinary courses, utilities, and gadgets. You’ll make money as long as people click on the affiliate links you included in a review of a useful cooking tool. Even if you wrote several months ago, you may still be able to earn income. It’s not as simple as putting an affiliate link into your blog entries, though. You’ll have to put in some real work first, like with any sort of passive income, from choosing the ideal products to market to developing content and building an audience. To avoid falling behind, you’ll also need to keep an eye on affiliate metrics to see how your content is performing and identify any gaps in your affiliate plan. Make Money as an Affiliate Marketer Almost everyone who enters affiliate marketing hopes to earn four or five figures each month. Unfortunately, only about 1% to 5% of affiliate marketers can do this, and success does not happen immediately. Typically, it takes anything from 6 months to several years before you see any return. Unfortunately, you’re more likely to face financial losses than solid earnings initially. It’s pretty simple to get started with affiliate marketing, but producing long-term revenue from affiliate networks is a completely different story. If you’re thinking about giving it a shot, you should first build the basis. Begin by considering your target audience. What kind of products and services are they looking for? Which items are you currently utilizing and would confidently suggest to your readers? Any affiliate program’s links can be added to your site at any time. To increase the click-through rate and keep your audience, it’s better if you stick to products that are related to your websites. After that, look into specific affiliate programs to see how their systems differ. You should think about things like the commission size and how often the company pays affiliates. Make sure you’re familiar with any guidelines they have in place for affiliate network members. Always keep in mind that affiliate marketing material that is similar to your own is likely to earn you more money. Finally, be honest with your audience. Including a disclosure in your blog entries or on your website alerts readers to the possibility of affiliate links. The Federal Trade Commission’s endorsement criteria necessitate this disclosure, which adds