Others, like ButcherBox and Thrive Market, offer a flat $20 commission per sale. The Amazon associates program offers anywhere from a 1% to 10% commission on sales. How much can you make as a new affiliate marketer?Ĭommission rates vary depending on the company you’re working with. I scaled my affiliate marketing business, especially during the challenging COVID pandemic, and made it profitable in a short period. “I scaled my business, especially during the challenging COVID pandemic, and made it profitable in a short period.” So Rohan quit his full-time job at JP Morgan Chase and is now a full-time blogger and affiliate marketer. Pat Flynn, for example, reported to Business Insider that he earns up to $170,000 per month thanks to the affiliate marketing business.Īdventure junkie and founder of Biking Know How Rohan Kadam also turned his blog from a passion project into a successful online business by using affiliate sales.
You may not bring in that sort of money right at the jump, but there is real potential for affiliate marketing to replace your 9 to 5. High earning potentialĪffiliate marketing has six-figure earning potential for newcomers. Your unique links and codes will continue to bring in a recurring commission for you, as long as you keep them visible on your site. All you have to do is choose the right affiliate partners that will appeal to your audience and post those links. Once you’ve established the groundwork to keep traffic coming to your site, you’re pretty much set. You can take some time and experiment and see which types of products and services are gaining the most traction with your audience. It’s perfect when you’re starting out, because you don’t have to invest a bunch of money into physical or digital products off the bat. You simply join their affiliate program, grab your link, and post it on your page or website. Most public affiliate programs are larger and don’t require that you buy any of the products you recommend, like Amazon Associates. You don’t own the products you’re promoting Now that you understand how affiliate marketing works, let’s look at a few top benefits. Read more: What Is Affiliate Marketing? Your 2022 Guide to Getting Started What are the benefits of affiliate marketing? If you then decide that you want to buy three MVMT watches as gifts, when you check out, 10% of that $700 purchase will go into pocket. So even if you have to exit out of the browser and go walk the dog in the middle of shopping, when you come back that day, the cookie is still tracking your activity. If you click on his link, you’ll get redirected to the MVMT website and a cookie will be stored on your device.
In exchange for recommending products or services to their audience, they get a commission off of any sales that result in their referral.Īfter you choose an affiliate marketing program, you’ll receive a unique link or code that will allow the companies to track every customer you send their way.
If you’ve ever listened to a podcast or seen a social media influencer promote a product, they are affiliate marketers.
The best affiliate marketing programs are often free to join, so it doesn’t cost much to start. Awin’s 2021 report showed that by April, 37% of people were buying products through affiliate links. Amongst those billions of people now buying things online, Awin’s review of affiliate marketing in 2021 showed that by April, 37% of people were buying products through affiliate links.
Statista reports that in 2020 alone, over two billion people purchased goods or services online and e-retail sales surpassed $4.2 trillion dollars worldwide. It’s fast becoming a common way for ecommerce brands to market their products and services.
The affiliate marketing industry is a multibillion-dollar industry with exciting professional opportunities for creators.