Imagine all you needed to make money online was a website. You don’t have to create your own products or offer a service. Sounds good? Welcome to affiliate marketing.According to Statista, business spending on affiliate marketing will hit $8.2 billion in the U.S by 2022.Start today, and you’ll be in a prime position to take advantage of that.
What is affiliate marketing?
Affiliate marketing is where you promote another company’s product or service in return for a commission on the sales you generate. Commissions are typically a percentage of the sale price, but can occasionally be a fixed amount
Why do affiliate marketing?
Here are two reasons why you should consider doing affiliate marketing:
1. Low-cost and low-risk
Starting a business means incurring upfront costs for products, employees, equipment, rent, and so on. This makes it risky and expensive. With affiliate marketing, all you need is a website. Even if it doesn’t work out, all you’ve wasted is time and a little bit of money.
2. Easy to scale
A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many different companies and earn commissions from all of them.
Why do affiliate marketing?
Here are two reasons why you should consider doing affiliate marketing:
1. Low-cost and low-risk
Starting a business means incurring upfront costs for products, employees, equipment, rent, and so on. This makes it risky and expensive. With affiliate marketing, all you need is a website. Even if it doesn’t work out, all you’ve wasted is time and a little bit of money.
2. Easy to scale
A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many different companies and earn commissions from all of them.
How much money can I make as an affiliate marketer?
The simple answer is that there is no limit. It depends on your niche and the amount of work you put in.
The most successful affiliate marketers make six or seven figures a month.
For example, Pat Flynn from Smart Passive Income made over $100,000 in affiliate commissions in December 2017.
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Ryan Robinson, another affiliate marketer, reported over $19,000 in affiliate revenue in October 2019. Another successful affiliate website—The Wirecutter—made an estimated $10 million in revenue, and was eventually sold to the New York Times for $30 million.
Keep in mind though that these people have done an excellent job building their brand. It’s taken them years of hard work to reach this level.
How to get started with affiliate marketing
Follow these seven simple steps.
Decide on a platform
Choose your niche
Find affiliate programs to join
Create great content
Drive traffic to your affiliate site
Get clicks on your affiliate links
Convert clicks to salesFinal thoughts
No affiliate marketing wheels were reinvented here. These are the fundamentals, and applying them will get you off on the right foot
Just don’t expect life-changing income or the freedom to quit your 9–5 overnight. Affiliate marketing takes tim
Focus first on making your first affiliate sale. As your site grows, set new goals, and continue experimentin
This is how to build up a site that eventually generates a decent income.g.e..
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