Have you ever asked how much you can earn in affiliate marketing? Is affiliate marketing really profitable? how much time is needed to start receiving a reasonable income from affiliate programs? I am thinking of leaving my job for affiliate marketing. Will I succeed? These questions and more are resonating from different platforms. Given this new initiative, beginners are excited to know they have an opportunity to earn a passive income.
Now, the important question is, how much can you earn in affiliate marketing? This article offers solution to these questions.
The affiliate marketing industry is fast expanding. A reliable report from Statista reveals that affiliate marketing activities only in the United States are expected to increase to over eight billion dollars by 2022. This means that there is an opportunity to grow and earn massively. There are several examples of professional affiliates who publicly declare their income and telling stories of how they succeeded.
Examples of Experienced Affiliates That Can Inspire You
I believe you are now inspired. Well, honestly, people become inpatient and confused after earning for just few months. Some even go to the extent to lose hope, while others begin to look for ways to earn more. This is because they are not up to the level of their expected earnings. Now, what level of earning is expected of an affiliate?
A poll was recently conducted where questions were asked about affiliates’ yearly income. The result indicated that affiliate marketing can have it’s differences, depending on what each affiliate marketer does.
With this development, we can divide affiliates into several categories depending on their monthly income:
To succeed in affiliate marketing, determination is needed. In doing this, do not assume that your profit will remain the same amount. Most times, affiliate marketers experience a sudden boom in earnings after being at a particular level for some time. It simply has to do with selecting the right niche and the right tactic. Also, there are situations where affiliates went from high income to fall flat.
Aside that affiliate marketing offers several requirements on different niches, you may not find the same requirements and similarities applied to affiliate programs within a particular niche,
If you wish to know the most profitable affiliate programs, then it is important you consider the services of software and web hosting providers. You may earn up to thirty percent commission on each payment. Also, the software niche has a big check size. However, there is another side to it. Being one of the most promising, it seems to be very competitive.
Affiliate programs in the travel niche is rewarding. It offers affiliates the opportunity to earn from airlines, travel agencies, booking aggregators, and reviews platforms. For instance, from the airport transfers you can receive up to ten dollars on the price of transfer. The rate in commission and full income depends on the type of niche you work in. For instance:
If you wish, you can join the popular travel affiliate programs like GetYourGuide.com, booking.com, and many others in the affiliate industry.
Kindly note that the competition in the travel niche is very tough but still have a low value compared with ecommerce.
In the e-commerce niche, you need to have large followers to earn a reasonable income. For instance, Amazon can offer you about 8.5 percent commission on every sale. But this only happens on B2C sales where the check amount is relatively low. However, having a large audience plus good effort can earn you a minimum of one thousand dollars within forty hours of monthly work.
Affiliate commissions in the dating niche comes in various ways; such as twelve dollars per lead, scaling up to five dollars for referral commission, and about up to five hundred dollars for the first order. If an affiliate program offers a bonus or loyalty program, then you can have an increased commission after a good number of sign-ups.
A niche can be formed on loans affiliate programs especially because companies in this sector are fiercely competing for clients, and there is an amazing opportunity for you to earn a reasonable income from this affiliate niche. In fact, affiliate marketers in this niche can possibly earn up to five thousand dollars depending on the size of the loan.
There has been so much talks about healthy lifestyle for a while and the awareness is continuously expanding. To join in the campaign for fitness and health products, you can make about forty percent commission from selling each supplement.
Affiliate marketing requires hard work, consistency and patience. Getting to the stage where you can have a steady income might take some time, so you are not expected to leave your job in a hurry. Normally, it takes from six months to few years more to begin to earn a steady income within affiliate marketing. Your success rightly depends on your ability to generate quality content, drive traffic, optimize for SEO, and promote your affiliate products. Please, remember to actively use the social media and email marketing. You will not hit the roof instantly but with consistency in promoting affiliate products coupled with the right strategy, you will certainly earn your expected income.
There are several ways you can earn in affiliate marketing; all you need to do is to choose who you want to become. You can decide to become a publisher and promote products from different advertisers and brands, or you can develop your affiliate platform and create a digital advertising business.
Here are ways you can achieve the two:
If you start from zero level, you just have to be a publisher and promote products. I believe this sounds so simple. Well, it is not easy to practice. Do not post several links and just expect to see many people purchasing products through them. So, to achieve this, you need to develop a workable strategy.
You can start with these steps:
1). Select a Particular Niche – this is an important step in knowing how well you like your job as well as your level of income. So, when selecting a niche, you need to do a thorough check on a product that can work. If you have an existing blog, then you can take a swipe and choose which content or product fits your blog. this can be in the area of your hobbies, professional background, or something you’re very good at.
2). Create a Blog or Website – having an online platform is very important because this is where you will post your affiliate links. You can either have a blog or a YouTube channel or both, as this will enable you sell faster.
It will serve you best if you don’t consider a platform on whether or not you feel cool in front of the camera. Just bear in mind the important differences between vlogging and blogging.
The differences are:
The blog is solely your property while a YouTube is not yours; |
Blogging requires the application of SEO; |
You can possibly edit and add affiliate links any time you wish; |
Blogging attracts extra costs on hosting, domain, and development, while YouTube is entirely free. |
After creating a blog, the next step is to grow your audience. This is where you need to constantly post content to grow a loyal audience who may respond to your adverts and then add your affiliate links.
Suppose you are a product owner; you’ll surely concentrate on how you can improve the quality of your product. This is as important as signing up to an affiliate marketing as a strategic means to sell fast.
How you can do it is that as a vendor, you have two options: join an affiliate platform and develop a partner program.
To your business success!