If you are thinking of getting out of the 9-to-5, you are not alone. Many aspire to become an entrepreneur. Affiliate marketing is one such avenue that provides you with the option of a learning commission for promoting products and services of other companies.
There is no initial investment required in affiliate marketing. You need to have a website or blog, exceptional writing skills, and a persistent effort to become successful.
- Close to 94% of publishers rely on several affiliate marketing networks for income.
- An estimated 15 to 30% of the sales for the publishers come from affiliate programs.
- Affiliate marketing contributes around 16% to global e-commerce sales.
- Over 80% of the brands rely on affiliate programs for additional revenue.
- The US remains to be the biggest player in the affiliate industry with a share of 39%.
- Around 65% of the affiliate markets rely on blogging to generate traffic.
What is the amount of money one can make with affiliate marketing?
The sky’s the limit when it comes to earnings from affiliate marketing. A super affiliate makes hundreds of thousands of dollars each year.
- For example, Online Media Masters’ Tom Dupuis has his income grown from $20,000 to $80,000 in 2 years and is now at $150,000 per year.
- A leading affiliate marketer Pat Flynn earns over $140,000 each month.
- Jeremey Shoemaker is another success story, starting from zero income to making over $10 million from affiliate marketing.
If you are just getting started, you will not see such income levels soon. You will need to work your way up to reach that level where you can expect higher income levels. Just 25% of all affiliate marketers make between $80,000 and $200,000 each year.
The examples and statistics above point to the fact that there are individuals making a lot of money from affiliate marketing. You can give yourself a jumpstart by signing up for some affiliate marketing course like Tanner J Fox affiliate marketing.
Blogging for Affiliate Marketing
Before we move on to discuss some of the top affiliate programs, let us first learn some of their basics.
What is Affiliate Marketing?
Affiliate marketing is easy if you keep things simple. You, the affiliate, have to promote a company’s products or services by using a link that they provide to you on your blog or other traffic sources. When a prospect clicks on that link, they go to the product purchase page. If they buy the product you earn a commission. Every sale via your traffic source earns you commission from the seller’s website.
What is the process of getting affiliate links for your blog?
If you write on a product without its affiliate link, you cannot earn money. It is important to have a unique and trackable link for you to join an affiliate marketing program. Once you have the affiliate link, you can start adding content to your website.
Let us have a look at some of the top affiliate marketing programs.
Rakuten Marketing is among the top-tier affiliate programs. It has over 1000 merchants with a lot of product variety. You can access big brands from across industries including Udemy, DialogTech, New Balance, and Sephora among other top names.
The site has a simple and easy-to-navigate interface and a friendly help center to answer all your questions.
ShareASale features thousands of top paying merchants and you can expect a commission of up to $300 for each sale. ShareASale is an excellent affiliate program with a few good brands. This affiliate program also offers great ways to search for different affiliate programs.
You can use the two-tier filter to find products and earn commission using the sub-affiliate referrals.
If you are someone who loves expressing their innovation, you can think of joining the Creative Market. The Creative Market provides you with many great options including WordPress themes, graphics, and photos. The company pays a hefty commission of 15% on each customer purchase.
Many bloggers use this opportunity to bundle the different relevant items in their content. This method allows readers to make a big initial purchase by buying multiple items.
Affiliate marketing provides you with a surefire way to earn some extra money promoting other companies’ products and services. If you follow the steps, you will start seeing the benefits eventually. The best part is that you do not need to go anywhere and earn this money from the comfort of your home.
Focus on exploring new markets and improving the traffic to your website to maximize the benefit of joining an affiliate program.