Forums and social media are full of questions regarding the profitability of affiliate marketing. Is this monetization method still suitable in 2020? How much money can you make through affiliate marketing?
Affiliate marketing is an excellent monetization technique used by bloggers, website owners, social media influencers, and so on. Also, it’s a profitable method to earn money from your blog or site, often outperforming the ad monetization.
This industry is still growing. Let’s take a look at how much money you can potentially make through affiliate marketing.
How Much Money Can You Make Through Affiliate Marketing?
An experienced marketer with several years of experience in the field can earn between $100,000 per month and more than $2 million. All these folks have something in common — they did not give up after a few months without any earning.
Newbies in affiliate marketing start earning after six months in this field of activity, but, in the beginning, they can only reach up to $1,500 per month. Of course, there are exceptions. As they gain more experience, their profits also grow.
Be it as it may, affiliate marketing is an activity that can bring tons of money in the long run, so you shouldn’t start worrying or turn skeptical after a few months without earnings. To be successful in this field, you should choose a reliable, profitable niche and be persistent.
Also, SEO techniques, marketing strategies, and driving traffic to your blog or site are your weapons. If you master your skills and knowledge, you will receive visitors and leads. From there, your profits can boost unexpectedly.
A recent Statista report showed that affiliate marketing would rise to $8.2 billion per year by 2022 in the US alone. Accordingly, there is still enough space for newcomers.
Money From Affiliate Marketing by the Most Profitable Niches
There are dozens of niches that you can choose from to earn money with affiliate marketing. Some niches are more profitable than others, but that doesn’t matter too much. You can score big profits in any niche in the market. It all depends on your skills.
Of course, some niches come with low competition. These are ideal for beginners, and they can even make money in time. There are some never-dying niches such as health and supplements, make money online, dating, and others. We’ll show you how much money you can make through affiliate marketing by the most profitable niches.
Software, web development, and web hosting providers are excellent affiliate marketing programs with big returns. The commissions can reach up to 30 percent per sale in the software niche.
While the profits might be huge in software, the downside is the high competition. That being said, this niche is not quite dedicated to newbies in the online world, who want to start from scratch.
In this niche, most affiliate marketers earn commissions from booking sites, reviews websites, agencies, AirBnBs, airlines, etc. The returns can be up to 60 percent. For instance, Agoda pays between 30 and 60 percent for each sale, while Tripadvisor gives 50 percent in commissions.
If you plan to work with travel agencies, you will be able to negotiate your commission on some occasions. Airlines also have affiliate marketing programs, so you should give them a try, too.
The dating niche is a never-dying one. Thanks to the Internet’s growth, there are dozens of sites that work with affiliate marketers to attract more clients.
Most dating affiliate marketing programs pay per lead, referrals, and subscription sales, so you will have more than one selling funnel. Even more, loyalty bonuses are common in the dating niche. That means your commissions will increase after a pre-defined number of clients.
Loan Affiliate Marketing Programs
The credit companies fiercely compete between them to attract clients. Some of them also offer affiliate marketing programs, and affiliate marketers can make an excellent monthly profit from them.
According to High Paying Affiliate Programs, affiliate marketers activating in the loan niche can earn up to $5,000 per sale. That’s a huge return in comparison with other affiliate programs. On average, loan affiliate programs pay around $200 per lead.
Affiliate marketing is an excellent way to monetize your niche blog or site. How much money you can make through affiliate marketing depends on the selected niche. The programs presented above are excellent for either beginners in the field or more experienced users.
With affiliate marketing, you can score a substantial monthly profit, but it all depends on how much time and effort you invest.