Affiliate marketing is one of the most demanded tools of the Internet marketing strategy. It is a method of business product or service promotion on the network, which assures a cash reward to the affiliate marketer for each subscriber, visitor, or sale made thanks to the marketing strategy realization.
So, an affiliate marketer is one who sells some products or services from another person or business. Despite the popularity of this method of Internet marketing, many are considering how much do affiliate marketers make and whether this work is worth the required effort.
There is no doubt that today the industry of affiliate marketing gives a lot of opportunities for development and profit. Thus, according to Statista, the average income from affiliate marketing in the US in 2022 is going to reach $8.2 billion.
Moreover, the industry is keep growing, which is proved by the fact that the average income in 2017 was $5.4 billion and in 2010 it was only $1.6 billion.
How Does Affiliate Marketer Make Money
If you consider specifically the earnings of marketers, pay attention to the VigLink research. It states that in 2016 9% of specialists got more than $50,000 from different affiliate programs.
There are also great examples of successful affiliate marketers who have become role models for many newcomers:
- Pat Flynn increased his income from $8000 to $100.000 per month in two years
- Tom from OnlineMediaMasters increased his income from $20.000 to $150.000 in two years
- Doug Cunnington in 2017 succeeded to earn $70.000 from one website only
Of course, beginners have to be prepared for modest earnings at first. The point is that in this industry everything depends on experience and reputation. So, to earn large sums for the affiliate marketing service it is necessary to become a demanded professional.
Here is an approximate pricing system:
- Newbie without experience – $1000/per month
- Intermediate specialist – from $1000 to $10.000/per month
- Advanced marketer – 10.000 to $100.000/per month
- Pro – $100.000/per month and more
How to Become a Professional in Affiliate Marketing
The working principle of affiliate marketing is similar to the referral service. An affiliate marketer creates an online platform (website, social media account, blog) and registers in affiliate programs relevant to the target audience. With the use of affiliate networks, it is necessary to place the link on the website. Each click on the link and following actions including product buying will give you a percentage of the business income as a commission.
To become a successful affiliate marketer it is necessary to:
- Select a valid business field
- Provide high-quality content
- Use the best affiliate marketing scheme
Select a Valid Business Field
Choose the niche you are good at. It is essential for the marketer to know the target audience to be able to sell the product or service. You have to consider potential customers’ needs, preferences, fears, wishes, and requirements.
Provide High-Quality Content
Remember that your profit depends on the quality of your work. Any type of content you provide should be relevant and attractive. What is more, the high-grade quality of the content is what advances your reputation and increases your chances to get higher commissions. Inasmuch as everyone wants to hire a marketer with a portfolio of excellent projects.
Use the Best Affiliate Marketing Scheme
There are a lot of programs and services for affiliate marketing and you need to get familiar with the main features of each to find the one, which suits your work style and current project the most. The choice of the affiliate marketing scheme has a great impact on the technical part of your work, so, it is important not to make a mistake.
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