Affiliate marketing is a way to earn money by promoting products or services. You don’t need a website or to be a big social media influencer. You just need to be good at marketing.
For example, a person once put up signs in busy traffic areas with links to dating programs. People stuck in traffic saw the signs, visited the links, and that person earned money.
But that’s not a long-term strategy. There are many other ways to make money with affiliate marketing. This guide will help you figure out a plan, based on my 20+ years of experience.
Whether you’re a blogger, a business, or a media outlet, this guide has something for everyone. It even includes stats on how much money affiliates can make.
Let’s start by understanding what affiliate marketing is, what you can expect to earn, and how to get started. There’s also an advanced tip for those who want to take their affiliate marketing to the next level.
So, what is affiliate marketing?
It’s a way for people or companies to earn a commission by promoting a product or service. There are three main parties involved:
- Affiliates (that’s you!) – You promote a product or service and earn a commission.
- Merchants – These are the brands or providers who pay you to promote their stuff.
- Affiliate Networks – They handle the money, provide guidelines, and track conversions.
How much money can you make with affiliate marketing?
It depends on how good you are at bringing interested people to the products you’re promoting. Most people don’t rely solely on affiliate marketing for a living. It’s usually one of several ways they make money.
But don’t be discouraged! You can start by making a few thousand dollars a year and grow from there. Affiliate revenue can be a nice addition to your income.
Plus, there are different ways you can get paid. You can negotiate with the affiliate programs you join for better percentages or flat fees.
I spoke with some of the biggest and most trusted affiliate networks in the US to find out how many affiliates make at least $1 per year. They shared some interesting stats.
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