Affiliate marketing programs one of the best ways to grow your income, particularly during a pandemic.
Whether you’re a freelancer or have a stable job, if you know affiliate marketing inside out, you can manage to make a significant amount of money.
According to surveys, industry spending on affiliate marketing in the US will reach about $6.8 billion in 2020.
Affiliate marketing’s growth in the past decade is due to a lot of factors. One of the primary factors among them, however, is the growth of influencer marketing.
With options like Instagram’s Shoutouts brands and businesses are paying influencers on social media to advertise their products and services. This has turned out to be incredibly lucrative for both social media influencers and companies.
As of this writing the affiliate marketing sector is worth a total of $12 billion. Considering the possibilities, taking a look at some affiliate marketing programs might be a way to expand your income possibilities and develop some internet marketing skills while your at it.
Anyone can engage in affiliate marketing. In many instances it’s simply copying and pasting a link on a Facebook page. Frankly, competition can be fierce and few remain active for very long
At a more professional level, affiliate marketing basically is like an endorsement. While influencer marketing is part of that category, If you have a blog with regular readers or a Snapchat with a few thousand followers, you can becoming an affiliate marketer will provide added income.
It all depends on your audience and what they’re interested in. If you’re a technology reviewer who helps people in their buying choices you can include affiliate links in your reviews.
In fact, a site like The Wirecutter (now a part of the New York Times Company) gets much of their income as an Amazon Associate. Well-known sites like ConsumerSearch.com, DogFoodAdvisor.com and BabyGearLab.com are Amazon affiliates as well.
No matter what method you choose to promote as an affiliate marketer, you will get a percentage of every sale. But remember, you can praise a company or product to the sky, but if you do not include a link with the recommendation, the company will benefit from any sales revenue. Not you.
30 years ago ‘affiliate marketing’ was confined to business like Amway or Mary Kay. Now, with internet, you can market all sorts of products and services, which could include food items, electronics, apps, subscription services, books, etc.
Many new affiliate marketers start out with companies or products they are are personally fond of, or at least familiar with. For instance, I just started an online bookstore Ebook Thrift Shop as member of the Amazon Associate program. They have relatively low commissions but colossal brand awareness.
In addition to Amazon there is an abundance of affiliate marketing programs available on platforms like Ebay Partners, ShareASale, Rakuten, CJ, Clickbank, Maxbounty and Warrior+Plus. Additionally, think about your favorite app or device. There are many vendors today who have hopped on the proverbial bandwagon.
If you’re starting out with your blog, page, YouTube channel, etc., you’re going to have an easier time of it then those who are simply posting links on Facebook Working At Home groups.
If you’re a vlogger, you can seek the program of a service that advertises what you vlog about. Energy drinks, smart wearables, cameras, or you name it.
Similarly, if you’re a Snapchatter who consistently puts stories that involve workouts or hiking, etc., you can seek health-based sponsorships. These can include restaurants that serve healthy alternatives or subscription services for gyms.
Remember that you should play to your strengths with affiliate marketing programs. Don’t be afraid to explore what’s out there, but be realistic with your choices.
You might also be interested in The Best Ways To Make Money Online, The Big Commission Blueprint and Finding The most Profitable Products To Sell Online.