People often think of Affiliate Marketing as a get-rich-quick scheme where they’ll make easy money.
But as you start to research and learn more about it, you realize that it’s not that simple.
However, when it comes to making money online, the sky really is the limit.
The process is very similar to starting a new business from scratch.
But before knowing how much you can earn from affiliate marketing programs, you need to know what affiliate marketing is.
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What Is Affiliate Marketing?
Affiliate marketing is the process of earning commission through the promotion of products, services, and websites you don’t own.
For example, a retailer pays you when you generate traffic to their website or make sales through your network in affiliate programs.
It is a pretty popular tactic used by organizations and even small businesses to generate sales and increase revenue.
Usually, companies use search engine optimization or advertise to create traffic on their selling product.
However, in recent years, firms have realized that it is much easier to acquire customers through free affiliate programs.
The tracking for their affiliate program happens every 30-90 days through software or websites like Clickbank.
Affiliate Marketing requires you to build long-term relationships with people to build an audience.
Reasons To Become An Affiliate Marketer?
Work from home – If you hate the daily hassle of commuting to your workplace and spending fixed hours of your week at the same place, then affiliate marketing might be the thing for you.
It enables you to make sales, earn revenue and commissions from the comfort of your own home and at flexible hours.
Cost Efficiency – Unlike any other startup, an affiliate marketing business does not require capital and fees.
Therefore, there is no hassle of funding the creation of a product, and it can be started at a low cost.
No limits on incentives – Like we said before, when it comes to making money as an affiliate, the sky really is the limit.
You could give your best performance at a regular job and still get the same salary every month.
Affiliate marketing rewards you based on your performance. So there is no upper limit to your income.
Passive income – While still keeping your regular job, you could increase your income by writing SEO-optimized blog posts and start a marketing campaign for a product.
Then, as consumers purchase the product over the coming weeks or months, your marketing skills can keep making you money long after initiating the campaign.
No stress of handling consumer complaints – When you sell your product or service, you have to deal with consumer complaints and queries.
However, in affiliate marketing, the marketer’s objective is to link the consumer to the seller.
Therefore, the affiliate only acts as an intermediary and does not have to handle consumer complaints.
It is the seller’s job to deal with the consumers after you’ve received your affiliate commissions.
SEO Blogging
SEO is no more an underrated tool to increase traffic on your website.
It is now a necessary tool that you need to use to rank up on search engines.
A well-written, relevant SEO blog can do wonders for you as an affiliate marketer.
How To Make Money With Affiliate Marketing?
Without the hassle of actually selling the product, an affiliate marketer plays the intermediary role of connecting the consumer to the seller.
In some cases, the consumer doesn’t need to buy a product or service for the affiliate marketer to get paid.
An affiliate can contribute to a seller’s sale in multiple ways and get paid.
We discuss some of the ways below:
Pay Per Click
In this model, the affiliate marketer is incentivized on the number of people they send from their marketing platform to their merchant’s website.
The marketer’s primary goal is to increase the traffic of the merchant’s website through the affiliate link.
Pay Per Lead
This model requires more effort from the affiliate as they have to engage and convince the potential consumer to visit the merchant’s website and complete a certain set of actions.
The marketer is paid based on leads generated.
Pay Per Sale
This is the most common method of payment. In this model, the marketer gets paid a certain percentage of the sale price of the product.
The more the product is sold through the affiliate marketer, the higher the incentive will be.
The consumer will actually have to invest in the product for the affiliate to get paid.
What Is The Average Income In Affiliate Marketing?
The range of income that affiliate marketers make is extensive.
As it is based on performance, the revenue keeps varying based on your skills and marketing strategies.
But based on their monthly income, we can categorize affiliate marketers into –
- Absolute beginners – These are the Marketers who have just started with Affiliate marketing and have not made much affiliate income yet. The input of cost is higher than the output of revenue.
- Low-level Affiliate – The type of Marketers whose efforts have just started to show results. They earn up to $300 a day.
- Middle-level Affiliate – Marketers who have been doing affiliate marketing for a longer time. They are well adept with affiliate links and social media usage. They earn from $300 to $3000 a day. This is what the average affiliate makes.
- High-level Affiliate – They are successful affiliates having an extensive affiliate network and multiple products to promote. They earn more than $3000 a day.
- Super Affiliate – They are top-level affiliates who are successful at mastering the art of affiliate marketing. They make more than $10000 a day.
Final Word
Earning consistently through affiliate programs will most likely not happen in the initial days of you starting your venture.
However, with time, effort and experience, there is no limit to your affiliate marketing income.
If you would like to gain control over your monthly income with a venture that rewards mainly based on performance, then affiliate marketing may be the thing for you.
The flexibility of the work allows you to pursue it full-time or as a source of passive income part time.
