So, the key question is, how much can you really earn in affiliate marketing in 2021? And in this article, we address the challenge of answering this question.In addition, there are many other factors that influence your earning potential.
The short answer to this varies based on the amount of time you devote to your affiliate marketing business, your passion and drive for succeeding, and the knowledge that you acquire in learning how to pick the best affiliate offers and most importantly learning how to drive traffic.
According to a recent study, 9% of publishers make upwards of $50,000 in affiliate income back in 2016. Majority of these affiliate marketers state that they make between 5% and 20% of their yearly income utilizing affiliate marketing.
There is also a correlations between the amount of money made based on experience of the marketer. The study found that 60% of those who make the most income have 5 or more years experience in affiliate marketing. (Investopedia)
If you have a website or blog already, it’s easy to start making money with affiliate marketing. You simply sign up to be an affiliate marketer and then choose which products you want to promote. The more people click on these links, the more commission you will make.
Also, if you have a large audience, then you can expect higher earnings than those who have a smaller audience. If you have an established brand name, then you can expect even more.
How Much Can You Make From Affiliate Marketing
Affiliate marketing has become one of the most popular ways of generating passive income online. There are thousands of companies who offer their services as affiliates and they all pay out commissions every month.
As a novice affiliate marketer, the potential there to make money to replace your primary income does not come overnight. Of course, there are some lucky exceptions to this rule, but typically the average affiliate marketing who’s just starting out usually makes between 0 to $300/day.
Now you have to take into account that becoming extremely successful in affiliate marketing can be a daunting task as many who attempt to make money through affiliate marketing fail.
Out of hundreds of thousands of individuals who attempt affiliate marketing each year, a large portion (approximately 96%) fail to make enough to replace their primary yearly income.
Approximately 3-4% make up to $125,000 with affiliate marketing.
Plus, there are also those who make over $250,000 per year from affiliate marketing.
You may not be bringing in the big bucks, but the idea is to start slow and work your way up. The earning potential can be huge. With a little creativity, you can make up to $125,000 or more per year with affiliate marketing.
Opportunities In Affiliate Marketing
What are the opportunities of affiliate marketing? Affiliate marketing is the act of earning commissions by promoting other people’s products. You can do this by earning commissions for things like sidebar ads, recommending a product to a friend, or making a post on your blog.
You can generate a passive income by doing this while you sleep. Plus, you don’t need any special skills or experience to get started. All you need is a computer and an internet connection.
It’s important to note that affiliate marketing isn’t always about selling products. It can also be about helping others learn how to use certain software, websites, etc.
This allows you to help others without having to sell anything yourself. This is called content marketing.
There are many different types of affiliate programs available today. They range from free to paid.
The Importance of Promoting the Right Niche
Having success in affiliate marketing and how much you can make on average relies heavily on what niche you’re looking to promote. This makes a big difference in the type of content and what monetization strategy you would use to make money and increase conversion rates.
Choosing a niche YOU love, might not be a good idea. When looking for a niche to promote, especially if you want to go the blogging route, you really need to do your research and due diligence to figure out what is trending and what topics within that niche people are looking for.
Typically, you want to promote niche products that will solve a particular problem that people may be experiencing through your content. You’ll want to find a niche that has a number of useful products. This ensures that you will have a good chance in making money through promoting those products.
Niches such as health and fitness, make money online, and relationships (love) usually do great when it comes to finding affiliate products for and you can make a really great income.
Furthermore, you should choose a topic that is relevant to your audience. If you are trying to build traffic to your website, then you should look at a niche that is related to your site. For example, if you own a dog training website, you would probably want to focus on dog training niches.
Once you’ve chosen a niche, you can begin to search for products that fall into that category. There are several ways to do this. One option is to simply Google “make money online”. You will find a plethora of amazing products being offered just by reviewing the search results pages and get an even better understanding of how competitors are utilizing content to promote those products.
Blogging can be a great way of making or exceeding the average income for affiliate marketing. As the old saying goes, “Content is King” and it’s very true when it comes to providing your readers with helpful content.
Blogging was one of the first forms of getting my content to my readers to not only provide my audience value and knowledge through my content, but also, to ultimately monetize that content to make money through blogging.
The average income for affiliate marketing can also vary, but if you provide valuable content on a consistent basis, you will see your audience base grow. Also, sharing your blog content on social media platforms will surely help your blog gain exposure and push you up in the search results pages.
Your blog post should contain at least 500 words. It might be hard to make the first dollar; however, once you make the first dollar you can go on to make more money.
There are many different challenges that come with blogging and affiliate marketing. One of the biggest challenges comes with the many different types of products.
The types of products you market can make or break your financial success. It is important to know how to research and what type of company will suit you best. The best type of company to suit your needs will depend on what you are willing to put into your business.
Some bloggers are making anywhere from $1000 to $30,000 per month through their blog. But again, this will depend on your drive and also the niche you decide to provide content on. Creating a niche with little to no interest more than likely will not help you get to income that will drastically change your lifestyle.
Email marketing is another great way for getting your offers to your content and/or offers to your readers. Email marketing relies heavily on the ability to conduct lead generation. Learning how to drive traffic to a landing page where you’re giving away a free ebook, report, or checklist will help you in getting leads through your funnel and on your autoresponder such as GetResponse.
From there, you can continue to market to those individuals who opted into your list through your landing page and allows you to follow up with those people who opted in and receive your “lead magnet”, but didn’t purchase your special offer initially.
The amount of money you can make from affiliate marketing tends to vary based on the product. According to Network commission, you can earn 10% commission commission on the product price.
For example, if you sell a $1000 product, the affiliate company will pay $100. On average, you can expect to make $200-$1000 per sale. The actual amount you will make depends on the company and the product. Email marketing is a viable marketing strategy to make money online.
CPA marketing stands for Cost-Per-Action marketing. This model is a lot different from PPC or Pay-Per-Click marketing where the advertiser pays a fee for every click on the advertisement, but with CPA marketing, the advertiser pays a fee for a specific action a user takes a result of clicking on the advertisement.
Why You Should Consider CPA Marketing CPA marketing is a great way to make money online especially if you have the traffic to convert. Opting in for CPA campaigns takes more work than most methods of earning money. But in return, the payout is usually much higher than with any other type of advertising.
When it comes to CPA marketing, the average income varies as well. This all depends on the type of CPA offers that you’re promoting. Some offers provide anywhere from a $0.40 to $1.00 per commission per action.
I would say that you can easily make, with some work involved, anywhere from $300-$750 per month utilizing CPA marketing as a business model.In addition, you’ll need to be able to promote an offer that’s worth at least $50. If you can do so, then you should be good to go.
The Bottom Line
Affiliate marketing can be lucrative, but it takes a commitment of time and money to make it a real business. Do thorough research before you jump on the affiliate-marketing bandwagon. You need to commit yourself to affiliate marketing if you want to succeed. It requires both hard work and dedication.
Also, remember to avoid putting all your eggs in one basket. Diversification isn’t just good for building wealth; it makes sense from an investing perspective too.If you are looking to build a passive income stream, affiliate marketing may be the best option for you. Affiliate marketing is a fantastic way to create a sustainable source of revenue while helping others along the way.
You can start by signing up with ClickBank and see what kind of products they have available.
Affiliate marketing is one of the best ways to make money online for beginners and with much effort, can make good amount of money. Study your competitors, see what is working in your niche when it comes to the type of content your audience is looking for.
In conclusion, I hope this article has helped you understand how you can use affiliate marketing to make money online and get a good idea of affiliate marketing average income to expect.