How much money you can earn by affiliate marketing in 2021? Is affiliate marketing still money-making? What proportion of time must pass before I start earning a passive income from affiliate programs? I’m in view of quitting my job and becoming an affiliate marketer, Can I make tons of money? These questions and dozens of comparable are shouting out from numerous forums. And you can easily find excited newbie’s by the idea of passive income skeptically assessing this chance to make money.
Affiliate marketing is about generating tons of profits without much effort, right? but as usual, the truth is a little more complex than that.
Do you want to learn how to make money by affiliate marketing?
So, the most asked question is, how much can you make money by affiliate marketing in 2021? And during this article, we address the issue of answering this question.
What is Affiliate Marketing?
Affiliate marketing is when an online retailer pays you a commission for generating traffic or sales from your audience.
It’s essentially classic advertising in a less intrusive way. Rather than promoting a product on your website with visual advertisements, like this:
Isn’t it inspiring? But, in reality, after
some months without earnings or just small ones, people become more irritated
and doubtful. Some lose hope and give up; the others start looking for
questions, ways how to earn more. Because yet they are far from the desired
sums. So, what’s the real affiliate earning?
According
to affiliate’s monthly income, we can divide them into:
- Total beginners
- Low-level affiliates, who earning up
to $300/day;
- Intermediate affiliates, who earning
from $300/day up to $3,000/day;
- High-level affiliates, who earning
above $3,000/day;
- Super affiliates or, as you can
often find them being called, “gurus of affiliate marketing,” who make more
than $10,000/day.
Success in affiliate marketing is about patience
and continuing nature. You can’t assume that your profit will always be the
same if you once earned 300$ per day. In Affiliate marketing, there are plenty
of cases when, after earning somewhat a very modest income for a long time,
people skyrocketed overnight. It is all about choosing the right niche and the
right strategy. And there are plenty of opposite cases when affiliate marketers
went from high incomes to sod.
Affiliate
commissions in different niches, just to name a few:
Not only do affiliate conditions vary in different niches, you won’t likely find similar conditions and peculiarities applied to affiliate programs within a specific niche Here are just a few of affiliate niches with examples of affiliate earning:
1. Software affiliate programs
Should you wonder about the most profitable affiliate programs, then look into the direction of software and web hosting providers. Here the commission may be up to 30% on each payment. And in the software niche, the check size is obviously big. But surely, there’s a flip side to that coin. Being one of the most attractive, it is also one of the most competitive. Probably not for a total beginner.
As we are talking about the webhosting affiliate program i would like to recommend AccuWeb Hosting
is a leading web hosting provider since 2003; they offer a high-paying affiliate program where the affiliates can earn a commission starting from $25 upto $200 for each sale. In addition to that, AccuWeb Hosting offer a PPC-based commission for just referring visitors. Join AccuWeb Hosting Affiliate program now.
2. Travel affiliate programs
In the travel niche, most affiliates get their
income from travel agencies, airlines, booking aggregators, reviews sites, and travel goods. For example, from the
airport transfers you can earn around $7-10 on the transfer price or from 20
skip-a-line tickets to La Sagrada FamÃlia in Barcelona, you will earn around
$70. The commission rate and total income depends on the niche you work in. For
instance:
- Flight tickets: 1-3%
commission on the total order value in JetRadar, KAYAK, Kiwi.com and other
flight affiliate programs.
- Accommodation: 3-12% commission on
the total order value in Booking.com, Agoda, Hostelworld and other hotel
affiliate programs.
- Tours and activities: 3-7%
commission on the total order value in GetYourGuide, Klook, Viator and other
programs.
- Car rentals: 4-15% commission on the
total order value in DiscoverCars, RentalCars, AutoEurope and other car rental
affiliate programs. You can join the major travel affiliate programs, such as
Booking.com, GetYourGuide and over 60 others in the Travelpayouts affiliate network.
Bear in mind that the competition in the travel niche is fierce but still lower than in e-commerce or dating.
3. E-Commerce affiliate programs
In eCommerce, you need to have a big audience
to earn a decent income. Let’s take an example of Amazon, where you can earn
from 4% to 8.5% commission on sales. But as all these are mainly B2C sales,
where the check amount is comparatively low. But with a big audience and enough
effort you can earn at least $1,000 with near 20-40 hours of monthly work.
4. Dating affiliate programs
In the Dating niche, affiliate commissions may
look like this: up to $12 per lead, up to 5$ for referral commission, and up to
$500 for the first order. If an affiliate program has a loyalty (bonus)
program, your commission can increase after a certain amount of sign-ups.
5. Loans affiliate programs
Loans form a niche where companies are
fiercely competing for clients, and you can earn a decent income from this
affiliate niche as well. According to High Paying Affiliate Programs Loans
affiliate programs, affiliate marketers can earn from $1 up to $5000 depending
on loan size.
6. Fitness and Nutra affiliate programs
The topic of a healthy lifestyle has been one
of the most-talked-about for quite a while. And it’s continuously growing.
Promoting fitness and health products, you can earn up to 15-40% commission
from every supplement sale.
How
long does it take to make a steady income?
Getting to the point where you earn
consistently from affiliate programs might take a while, so you probably should
not quit your job from the very start. Usually, it takes from 6 months to
several years to start making profits with affiliate marketing. More precise
timing and your overall success depend on your ability to create quality
content, optimize for SEO, drive
traffic, and promote your
affiliate products. Don’t forget about the active usage of social media and
email marketing. You will not skyrocket overnight. But by being consistent in
the promotion of affiliate products, having the right marketing strategy will
bring you to your desired income.
Decide
who you want to be in affiliate marketing
There are several ways you can earn in the
affiliate business; you need to pick your side. You can become a publisher
and promote
products from different brands
and advertisers, or you can create
your affiliate network and
build an all-round digital advertising business. You choose which way to go!
We suggest to look into both parties and the
role affiliate marketing plays for their income.
Earning
in affiliate marketing as a publisher
If you start from scratch and with no
investments, your only option is to become a publisher and promote products.
Sounds pretty simple, doesn’t it? While it may sound so, it is not that easy in
practice. Do not expect to post several links and see hundreds of people buying
products via them. To achieve this, you first need to have and implement a
well-thought-out marketing strategy.
Staring in affiliate marketing cannot do without
two essential steps:
- Choose a niche
- Consider starting a blog or other platform where you
will post relevant content
Choosing
an affiliate niche
Choosing an affiliate niche is an essential
step in predetermining your job satisfaction and approximate income
level.
Correspondingly, when choosing one, you should
take into your personal preferences towards the possible product. If you
already have a blog with a loyal audience, you can reverse the science and
choose the vertical where your already existing content fits. You may choose a
nice that is close to your professional background, your hobbies, or something
you have a genius interest in.
Further, check what the average affiliate
commissions for products within the chosen vertical are. Be ready to find out
different commissions, but also diverse conditions that affiliate programs
apply. Knowing the average commissions will also help you understand the volume
of effort and amount of content you need to produce for the desired profit. We
have a short overview of affiliate commissions in the most
popular verticals.
Creating
a blog
As a publisher, you need an online platform
where you will post affiliate links. Two common options for affiliates are
either a blog or a youtube channel. Or both suppose you can handle it
timewise.
It would be best if you did not solely base
the choice of a platform on whether you feel comfortable in front of the camera
or not. Keep in mind some fundamental differences between blogging and
vlogging. Among the most important are:
·
The blog is your property, while a
youtube not. You can’t sell a youtube channel should you wish;
·
Blogging is more SEO complicated;
·
Blogging will cause extra costs on
the domain, hosting, development, while Youtube is free;
·
You can edit text and add new
affiliate links over time. You can’t edit published videos.
You can check tips on how to promote affiliate
content here.
I've
launched a blog. Does it mean I am all set to go?
Of course not. You can’t just set up a blog
and post an affiliate link there. Well, you can, but you won’t receive anything
from that. We hope you understand that.
Growth
your blog audience
The strength of affiliate marketing was always
about unobtrusiveness. Users shouldn’t understand that it is an advertisement.
The placement should be of a maximum native character. To achieve this, you
need to produce content regularly to grow a loyal audience that may further
take an interest in advertised products.
In digital marketing terms, you need traffic
first. The majority of ad networks will ask you about the traffic volume once
you apply to join them. Hence, keep in mind that traffic first, sales
second.
Do not neglect email list growing, it would
help to widen your presence in different channels of promotion. Free
webinars and different tutorials are a great tool to grow an email
list.
And
don't forget about SEO
You won’t have much traffic if your website is
poorly SEO-optimized. Ensure that you research your niche-specific keywords,
and use them in the right places, create competitive content for top search
positions. If you don’t think that is enough, look for SEO tools to optimize
your blog.
Join
ad networks and affiliate programs
Once you have a blog with stable traffic, you
can start applying for affiliate programs. Consider both affiliate networks (
Amazon, Clickbank, Rakuten, Commissions Junctions etc. ) where you will find
plenty of programs and products to promote. But also research a stand-alone
partner program. Check websites of products you would like to promote, whether
they have information about the affiliate program. Not all businesses join
affiliate networks; some create programs of their own and recruit publishers to
join.
What are the perspectives of professional
growth in affiliate marketing?
Obviously, your first personal KPI is the size
of your monthly check proportionally to the amount of effort and time you put
into the work. As any affiliate marketer, your goal is to make a passive income
in perspective.
Second, once you are a skillful affiliate
looking for new growth points, you may think of launching an affiliate
network.
Earning
in affiliate marketing as a vendor
Suppose you have a product of your own. In
that case, you will probably agree that as a product owner, you want to
concentrate on developing the quality of your product or direct product
delivery. You want somebody else to take care of the promotion, and you want
them to do it well. Whether a vendor has in-house marketing or not, adding an
affiliate program into your marketing strategy is a great asset. One can
significantly increase sales with affiliate help.
Interesting fact, being a vendor from the
start, Amazon was the first to increase its profits by introducing Amazon
affiliate program.
Final Words:
In this context, vendors have two options:
join an affiliate network and create a partner program there or create a
partner program of their own on a SaaS partner marketing platform.
Once an advertiser signs up, he can create
a program. Advertisers usually
start with a partner program description, its rules, and policies, marketing
collateral. Once it is all set, they begin recruiting affiliates to join their
program.
The benefit of running a partner program is that you have access to all ad campaign data. You can control the performance of all your partners and see what performs better.
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