In this article I want to answer the question, how much can I make as an affiliate marketer?
Most people look into affiliate marketing after hearing about someone who is making millions of dollars while on a boat in the Bahamas, barely working a few hours a day on their computer.
While that may be true in a small percentage of cases, you may have also wondered “how much can I actually make as an affiliate marketer.”
Affiliate marketing is most definitely a way to become your own boss and start making a good amount of money while being able to work from your computer (i.e., anywhere). But it’s not necessarily as easy as enrolling and letting them know where to send the millions of dollars.
Affiliate marketing is a business, and like any business, it will require hard work, intelligence, and consistency.
What Is Affiliate Marketing?
Affiliate marketing means promoting and selling products or services of another person or company. Today, most affiliate marketing is done online.
It works in the same way as a referral service. You set up a website or blog and enroll in affiliate programs that are relevant to your target audience. As an affiliate marketer, you will be provided with your own hyperlinks to a company’s products or service pages and whenever someone clicks on that links and buys, you get a commission.
Today, brands around the U.S. spend about $8 billion on affiliate marketing. That’s why affiliate marketing is one of the fastest-growing jobs; there is unquestionably an opportunity for advancement and profit.
How Much Do Affiliate Marketers Make?
Is Affiliate Marketing Profitable?
According to survey results, affiliate marketing is not only profitable but also provides a way to make passive income. But as I mentioned above, it’s not as easy as putting a link in a blog and waiting for the money to flood in.
There is a technique to affiliate marketing and like any business, it will take time and investment to get things going.
But once it is going, there are very high chances of you making money without needing to put in a tone of work.
Affiliate marketing also provides you with a way to be your own boss and therefore, make your own schedule. It’s not so much that it will no longer require any work to make money as an affiliate marketer, but more the fact that you will be able to have time for other things in your life that are important such as travel, family, and passions and hobbies.
How To Make Money as an Affiliate Marketer
Only 5% of affiliate marketers earn four to five figures each month. But that’s not to say you can’t make a good living. There is a difference between making good money and having your own personal and financial freedom and being filthy rich.
So how do you do it?
To help you with getting started, I’ve taken a few tips from a popular blog on affiliate marketing:
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 to your credibility.
Here are three factors that can make or break your affiliate marketing success:
3 Things You Need To Be A Successful Affiliate Marketer
Choose A Valid Niche
It’ll make all the difference if you can choose the perfect niche for your affiliate marketing efforts. Knowing what your audience wants and creating content around it will be easier if you have a passion for the topic you chose. It will also take less time for you to select a product to promote that is a good match.
If you already have a following on your blog or YouTube channel, the ideal strategy is to hunt for affiliate programs that are relevant to your specialty and then include product promotion into your regular material. If you’re beginning from scratch, you’ll need to devote a little more time to identifying a topic that is relevant to your passion and about which you can confidently write. However, the time spent will be well worth it.
Make High-Quality Content
Your primary responsibility as an affiliate marketer is to show your followers things that they would find useful. Then you must gently persuade them to buy the things you recommend, which is exactly what your affiliate content is for. Whether you’re writing a gardening tool review or demonstrating a beauty tutorial, your content should address the queries or issues that your audience is having and allow you to offer solutions.
While using affiliate links, remember to tell your followers that you’re a part of an affiliate earning program. Also, tell them that you’ll get paid if your readers buy something through the links in your posts.
The Best Affiliate Marketing Scheme
Because there are so many programs and networks to choose from, selecting one may appear to be a difficult endeavor. Where do you begin? As previously stated, rather than focusing on the offered commission, you should constantly hunt for programs and products linked to your expertise. Not just because the competition in the high-paying programs can be fierce, but also because it will be easier for you to develop material centered on a topic about which you are passionate and eager to share your knowledge.
To learn more about affiliate marketing check out my blog, A Complete Guide to Affiliate Marketing.
Editor, Sleepy Money