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Are you interested in profiting from the billion-dollar affiliate marketing industry? This guide will help you get started.
According to Statista, business spending on affiliate marketing will reach $ 8.2 billion in the United States by 2022.
Get started today, and you’ll be in a prime position to take advantage of that.
Important steps to get started with affiliate marketing
- Choose 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 into sales
But before that, let’s cover a few basics.
What’s affiliate marketing?
Affiliate marketing is when you promote products from other companies. When someone buys through your affiliate link, you get a commission.
As an affiliate, you are a salesperson for the company. You help make a sale; the company rewards you.
The best thing about affiliate marketing is that you can do it on a grand 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 does affiliate marketing work?
The merchant gives each affiliate a unique link so they can track who was responsible for a sale. The link will generally look like this:
When someone clicks on that link, a small file called a cookie gets stored on their device.
An affiliate cookie does two things:
Help the merchant attribute the sale to the right person;
It (usually) has an expiration date, so you get paid even if the buyer delays their purchase.
Here is an example of how this works.
Imagine a reader visits your post on the best winter jackets. They click on one of your affiliate links, which takes them to a product on Amazon.
But they realized that they had to pick up their daughter from school. So they leave their house, pick up their daughter, have dinner, and finally return to Amazon, where they find the product again.
Since they are already shopping on Amazon, they also decide to buy some ski equipment.
How much money can I earn as an affiliate marketer?
The simple answer is that there is no limit. It depends on your niche and the amount of work you do.
The most successful affiliate marketers make six- or seven-figure income a month.
For example, Smart Passive Income’s Pat Flynn earned more than $ 100,000 in affiliate commissions in December 2017.
Ryan Robinson, another affiliate marketer, reported more than $ 19,000 in affiliate revenue in October 2019. Another successful affiliate site, The Wirecutter, earned an estimated $ 10 million in revenue and was eventually sold to the New York Times for $ 30 million.
However, keep in mind that these people have done an excellent job building their brand. It has taken years of hard work to reach this level.
If you’re starting, your checks might look something like this for a while:
It will help if you manage your expectations. You won’t make a lot of money from the start, but don’t let this put you off.
The success of others tells you that with hard work, time, and the right knowledge, you too can reach those levels.