How Fast Can You Make Money With Affiliate Marketing?
Before answering the question how fast one can make money with affiliate marketing, let us not the following facts about affiliate marketing;
- You own yourself and your time,
- You are your own boss; you take orders from yourself
- You exposed to unlimited earning potentials,
- Financial freedom, and more…
So how Fast can you make money with affiliate marketing? Is it possible to make money fast at all? How long does it take before you start making decent amounts? Will you ever make enough money doing affiliate marketing and is it worth quitting your current job to do so?
Dozens of similar questions are constantly popping up on numerous forums and on the Internet. And you can always meet newcomers inspired by the idea of passive income, but skeptical about affiliate marketing as an opportunity to make money.
The affiliate marketing industry is growing steadily and rapidly today. Affiliate marketing spending in the US alone is expected to grow to $ 8.2 billion by 2022, according to reports from Statista . Thus, there are definitely opportunities for growth and earnings. And we can be convinced of this when we see how top affiliates post publicly their earnings reports and tell their success stories.
Some inspiring success stories of famous affiliates
- Famous Affiliate Pat Flynn Increases His Earnings From $ 8,000 To $ 100,000 Per Month
- Tom from Onlinemediamasters in just 2 years raised his earnings from $ 20 thousand to $ 150 thousand in annual income.
- Doug Cunnington (Doug Kunnington) in 2017 earned $ 70,000 working with just one niche site.
Sounds cool? However, in reality, after several months with no or almost no earnings, most people become more impatient and skeptical. Some give up hope and give up; others start looking for ways to earn more. After all, they are still far from the desired amounts. So what is the real affiliate earnings?
Recently STM forum conducted a survey on affiliates’ annual income. You can see the results in the diagram below:Survey results: How much do you earn in a year? Affise.comOverall, this chart should give you an idea of how affiliate marketing income can vary a lot. As you can see, there are many bloggers and affiliates who make less than $ 20,000 ($ 1,600 per month). But there are also those who earn many times more.
Several groups that affiliates are divided into based on their monthly income:
- Newbies who are only losing money at the moment; between 1-6 months
- Low Scores Affiliates – $ 300 / day; 6 months to 12 months.
- Average affiliates whose income ranges from $ 300 / day to $ 3,000 / day; a year-2 years
- Affiliates with high quality scores earning more than $ 3,000 / day; 2 years and above.
- Super affiliates, often referred to as “affiliate marketing gurus”, make over $ 10,000 / day. 5 years and above with good training and tools.
- Fast success in affiliate marketing lies in persistence and consistency. Do not think that if you once earned $ 300 per day, then your profit will now always be like this. In affiliate marketing, there are many cases when, having received rather modest earnings for a long time, people literally earned many times more overnight. It’s all about choosing the right niche and strategy. And there are many opposite cases where partners have gone from high income to zero.
· How much and how fast do affiliates in different niches earn?
- Not only do affiliate terms differ in different niches, but you are unlikely to find similar terms and conditions applied to affiliate programs in a particular niche. Here are just a few of the affiliate niches with examples of earning:
If you are wondering about the most profitable affiliate programs, then look towards software and web hosting providers. Here the commission can be up to 30% from each payment. In this niche, the size of the check is clearly large. But, of course, this coin also has a downside. While one of the most attractive, this niche is also one of the most competitive. Therefore, it will be extremely difficult for beginners here. However, some software products are very easy to promote and you can expect to see result within few weeks; especially those that offer free entry.
Tourism and travel (Travel)
In the travel niche, most partners generate income from travel agents, airlines, booking aggregators, review sites, and travel products. The commission depends on the brand you work with. If you work with a market leader, you can earn a lot of royalties. For example, 25% to 40% commissions from Booking.com, 50% of gross revenue from Tripadvisor, 30% to 60% from Agoda, 5.5% from travel gear and accessories, and 7% from Amazon hiking and camping. But keep in mind that the competition is tough there. Working with smaller brands will give you commissions somewhere around 2-3%. If you have 20 sales per month, then you can make about $ 100-150.
E-Commerce Affiliate Programs
In ecommerce, you need to have a large audience in order to generate a decent income. Take Amazon, for example, where you can earn 4% to 8.5% commission on sales. Since Amazon mainly sells B2C, the check amount is relatively small. But with a large audience and enough effort, you can make at least $ 1000 with 20-40 hours of monthly work.
Dating affiliate programs
In the dating niche, affiliate commissions can look like this: up to $ 12 for a lead, around $ 5 for a referral commission, and up to $ 500 for a first order. If the affiliate program has a loyalty program (bonuses), then your commission may increase after a certain number of registrations.
Credit affiliate programs
Loans form a niche where companies compete fiercely for customers, and you can also generate decent income from this affiliate niche. According to High Paying Affiliate Programs Loans, marketers can earn anywhere from $ 1 to $ 5,000 depending on the size of the loan.
Fitness & Nutra Affiliate Programs
The topic of a healthy lifestyle has long been one of the most discussed. And it is constantly growing. By promoting fitness and health products, you can earn up to 15-40% commission on every supplement sold.
How soon will you be able to receive a stable income?
The road to permanent earnings from affiliate programs can be long enough, so you probably shouldn’t quit your current job right away. It usually takes 6 months to several years to start making decent profits with affiliate marketing. Your overall success and speed depends on your ability to create quality content, optimize it for SEO, drive traffic, and promote your affiliate products. Don’t forget about heavy use of social media and email marketing. Don’t expect to start earning tens of thousands of dollars straight away. However, by being consistent in promoting affiliate products with the right marketing strategy, you are sure to get the income you want.
HOW FAST CAN YOU MAKE MONEY FROM AFFILIATE MARKETING- NICHE DIMENSION
It is possible to make steady and relatively faster money from niche sites if you follow the procedures strictly and properly.
Build a good website, fill it with relevant contents and optimize the website for conversion. If you do the right things, then the relevant question would now be, how long will it take you to start seeing results from affiliate marketing.
Most properly and adequately prepare niche websites will start seeing results from their work after six months..
The reason why the rate of failure is high in affiliate marketing is not only because of those who fail outrightly, but those who transit from nothing to making a few bucks find it difficult to scale up and instead of asking or paying for help, they exit the business.
How long does it take to make $1000 per month in affiliate marketing?
As pointed above a good number of affiliate marketers who start well will end up quitting the business at the verge of success. They need to put a little effort to make up to $1000 per month. You should avoid this at all cost. Persistence is the key in affiliate marketing.
The trend may be caused by the fact that internet marketing is loaded with may bogus success stories (sales pitches) of those making five or six figures after 3-4 months of affiliate marketing. Unless you are extremely lucky, as only a few are, you may only make a few bucks in your first six months of affiliate marketing.
Even statistics reflecting steady growth in earing and subscribers in affiliate marketing may be somehow misleading because in reality, there are a lot of discouraging fluctuations you may experience in reality.
The 80/20 Rule for Affiliate Marketing Using Niche Sites
Start small, when you are a few months, you must yearn to grow big. This can be achieved by adding good contents. The advisable rule is that at this teething period, when your earnings are low, you must spend 80% of your time building contents. However, when you have grown the website and you are earning much, you only need to devote 20% of your time. Failure to observe this rule accounts for 90% of failure in making money from affiliate marketing.
How to make $ 50 or $ 100 a day with affiliate marketing
Wouldn’t it be nice to make $ 50 – $ 100 a day with affiliates? Or how is Affiliate marketing now defined?
Here is a post that will tell you just how to make money online with affiliates. Today I’m going to show you the foolproof plan that works 100% for making money with affiliate marketing.
Best of all, you can get started in minutes and you will only need $ 20- $ 30 to get started and then you will see a daily profit of $ 50 – $ 100.
How to Earn $ 50 – $ 100 Every Day with Affiliate Marketing?
At first, even just a $ 30 a day might not be bad. But once you start the profits, the substantial ones, will arrive and the small expenses will be recovered within a day.
The method that I will explain to you requires some basic skills on web marketing, in particular on traffic, writing skills in English and a little patience, indeed a lot of patience.
It is possible to generate up to $ 1000 a day or as little as $ 5 with this method, but mathematically sure there is nothing, of course. If you work smart then the profit comes. let’s begin
What is Affiliate Marketing?
According to Wikipedia
“Affiliate selling is a marketing practice in which a business rewards one or more affiliates for each visitor or customer it procures”
Basically, like a publisher, you will be rewarded when you help a business promote their products or services. So, for example, if you sign up for our affiliate program and promote one of our products then you will get a commission when the visitor coming from your site makes a purchase.
Affiliate selling is probably one of the quickest and cheapest ways to start making money online as you don’t need to create any products. You simply link a buyer to a seller, and you take a commission on the sale.
Or there are several reliable portals dedicated specifically to brokerage between the manufacturer and the affiliate. One of them for example is Shareasale who works extensively in the cpa on the American market and has many affiliations with memberships rather than with sales. I’ll tell you more about it soon. Here you can find thousands of different products and work in any type of niche.
How does Affiliate Marketing work?
When joining an affiliate program you have to choose the products you want to sell. The sellers provide a unique affiliate code that you can use to refer traffic to the target site. Most affiliate programs will offer you ready-to-use text links, banners, and other forms of creative copy so just copy the code and place it on your website to start getting traffic.
When interested visitors click on these links from your site they will be redirected to the seller’s site: at that point if they purchase a product or a subscription to a service you will get a commission.
Sellers can track performance through your Affiliate ID with tracking software. You will have a complete view, real-time user access, clicks, and all paid and unpaid sales and commissions.
But you don’t have to sell products to make a commission. Different affiliate programs can use different types of payments such as:
- Pay per Sale : In this program, a merchant pays you a percentage of the sale price when the purchase is completed.
- Pay per Click : In this program you get paid based on the number of visitors who redirect to the merchant’s website from your affiliate site.
- Pay per lead : You get paid once referred visitors provide them with contact information on the target site by filling out a simple contact form.
Why be an Affiliate Marketer?
Affiliate marketing is considered to be one of the fastest growing internet marketing techniques in the world, and I’ll tell you why:
- Profitable : Marketing is very cheap and you don’t have to worry about the cost of production as the product is already developed by the seller. You don’t need a physical store or hire employees.
- Global Market : Online marketing gives you the ability to reach people around the world easily.
- No Fees : There is no need to pay anything to start affiliate programs.
- No warehouse: you don’t need to worry about storage, packaging or shipping of the product. The seller takes care of everything.
- No Customer Support : You don’t need to provide any customer support or deal with boring consumer complaints as the seller will do it for you.
- Passive income : Regular work can only give you a fixed income as long as you continue to work. Depending on your marketing skills as an affiliate you can create a steady stream of income, even when you are not in front of your computer.
- Work from home : If you make enough money then you don’t have to worry about going to “work” every day or getting stuck in traffic. You can safely work in the comfort of your home.
Tips on how to become a successful affiliate marketer
After reading all the affiliate marketing benefits, if you think you can get rich in no time by selling affiliate products online this is where you are wrong. Affiliate marketing is certainly a great way to make money online, but it’s also highly competitive. To be successful in the affiliation world you need to know the needs of the market, what people want, learn how to promote products, what works and what doesn’t. The following are some tips on how to become a successful affiliate marketing person that I have learned over time.
1. Choose only a few and selected products
The first classic mistake in affiliate marketing is that people sign up for too many different affiliate programs and try to promote as much as they can. Going in this direction can become very dangerous because in the end you will not be able to promote any product correctly. All it takes to be successful is to select ONLY a handful of good products to promote . Try to understand the needs of the market and look for products that align properly with your site’s topic.
2. Use different traffic sources to promote products
Most retailers only place banners or text links on their sites or blogs. There is nothing wrong with this approach, but if you don’t follow a good SEO program it will be very difficult to drive traffic. There are many other traffic sources you can tap into and promote your affiliate products from at the same time. For example, you can start immediately with Pay Per Click or paid traffic.
Once you could use the Google Adwords PPC program which was used to drive targeted traffic to a sales page. It was enough to place an ad in your AdWords account and then use your affiliate link on the ad landing page. Then he joined the Facebook Ads program with the same system, but now unfortunately it is no longer possible, at least not in this way.
In the past, advertising was cheap and there was less rigidity on the part of those who allowed you to sponsor (Google, Facebook, etc ..).
Today things have changed the Big Internet platforms no longer allow you to sponsor an affiliate link directly, it can no longer work, as neither Google nor Facebook allow you to do it directly because you will see your ads rejected in a few minutes.
Today, if you want to do paid campaigns, you have to use a bridge landing page, where you can not only make the affiliate product / service known, but also capture the contact of your potential customer who will be able to read your gift (ebook, discount coupon, etc.) complementary to the affiliation offer. It will be the task of an excellent email marketing where you will later go to propose the product in affiliation.
This is the strategy I use the most and it generates a lot of sales.
3. test, measure and track the affiliate campaign
A good idea is to use different product promotion strategies so that you can understand what works and what doesn’t. Try to split test and measure the performance of each campaign and then act accordingly. Changing a few things here and there can greatly increase your profit.
Most affiliate programs will give you basic stats that might be useful, but nothing stops you from using your own conversion tracking software. There are many out there that you can use to track your affiliate campaign.
4. Research the demand for the product
If you try to sell a product that has low demand chances are you won’t get a lot of sales no matter how hard you try. So it’s a good idea to spend some time researching a product that is already meeting the public’s favor.
5. Stay up to date with new methods and techniques
Affiliate marketing is a very competitive industry, and people are always keeping their ears straight for new marketing techniques. Try to stay up to date with these new techniques and market trends otherwise you will lag behind.
6. Choose the right seller
When you promote a product you are also promoting the person or company behind the product so try to choose wisely. You don’t want your visitors to go and buy a product following your advice and then be dissatisfied, do you? Do you think this visitor will return to your site? Most likely not; this can damage your credibility in the long run. Usually, websites / companies that offer good service and satisfied customers will have a better web customer experience.
Have you ever heard of CPAs?
Lately, the CPA Affiliate campaigns have also been gaining ground here. What are? CPAs are particular types of affiliations where the user does not necessarily have to buy the product you promote, but just take an Action.
You can promote an offer for example that pays you to get people to sign up on their portal. Let’s say they pay you to sign up a user to an insurance site. For each subscriber you bring to their list you will be paid with a sum of money.
Also be careful here not to directly promote the seller’s website link because it often happens that advertising campaigns will not be accepted for various reasons such as misuse of the link by others.
Also in this case you will use a bridge landing page that maybe gives free advice. Once the person has downloaded your advice or gift for free, you will propose the solution by email, in this case you could write: “Have you ever thought about changing Insurance …? Ask for information here. “
Create a dedicated landing page and direct all traffic there. I recommend Optimizepress then you create value with a mini-guide or with a giveaway that solves a specific problem and then sell through a series of emails already set up in an Autoresponder, and here I can recommend GetResponse , then directing people to the site where to sign up.
If you don’t want to have your own website, that’s not a problem.
Alternatively, you can also use Leadpages to make Landing pages. Unlike Optimizepress it doesn’t require WordPress to work. It is in fact a web service (with monthly or annual subscription) in which you can create your landing pages that are kept on Leadpages servers. So you don’t even need to have your own website to get started.
I recommend these methods and resources not only because they are the same ones I use, but I can guarantee you that over the years they have been an excellent choice for all my businesses.
Now you know what affiliations are, how many types exist and how to promote them, but if you want to know every detail of Affiliate & cpa marketing in this Guide I’ll explain the whole process step by step.