Have you been searching for answers as to how affiliate marketing works and wondering what this is and better yet whether it’s just another scam?
2018 marks the 22st anniversary of affiliate marketing and over the years millions of people have leveraged this business model to earn a full time living from home doing something they love.
Over the years this business model has evolved from a simple tool to help marketers expand their reach online, to a completely separate business model where you can build your brand, establish a presence, and create a name for yourself in the online world.
If you run any kind of business in the online world and you don’t have some type of affiliate program established then you are seriously missing the mark and losing out on tons of opportunities to expand your reach and grow your business.
In the following post, I’ll be briefing you on what affiliate marketing is and where it’s headed in 2018 & beyond.
I’ll also be giving you some insights on how much this billion dollar industry is anticipated to grow by the year 2019.
Along with 5 things you need to know in order to be successful with affiliate marketing in 2018 and beyond.
If you have heard this term being thrown around lately but you’re not exactly sure what it was all about, I encourage you to continue reading as I’ll be going over all of this and much more.
Let’s Get Started, Shall We?
What Is Affiliate Marketing
Affiliate marketing is the process of promoting other people’s products in exchange for an affiliate commission.
This is all made possible by something called an affiliate program.
Once you join and are approved by the merchant you’ll be given something called an affiliate link.
This is how the merchant keeps track of your clicks and how many sales you get.
To put this in simple terms so that everyone understands what I’m talking about you basically have 2 things.
- A Product
- A Customer
Your job is to connect these 2 things by recommending products or services within your respectful niche (Topic of interest) that you feel would help fill the void or offer a solution to what these people are searching for.
Think of yourself as the middleman between the merchant and the customer.
Are you guys still with me?
There are currently over 100,000 affiliate programs that you can join and earn anywhere from 4%- 75% commission for each person you send to a merchant’s website that makes a qualified purchase using your affiliate link.
Over the past 4 years, I have been able to earn a full time living plus some utilizing this business model and there are currently millions of other people across the globe who are earning a phenomenal income online from this as well.
5 Things You Need To Know About Affiliate Marketing In 2017 To Be Successful
Over the years this business model as immensely evolved and this will continue to evolve as time moves on.
What may have worked 5 years ago may not work in 2018!!
What has changed in 2018 and what should you be aware of if you’re a newbie who is just getting started?
To be honest with you, not a whole lot, but it’s important that you keep these 5 things in mind when you are first getting started in 2018 if you want to achieve any kind of success in this industry.
Check Them Out Below!!
Affiliate Marketing Is Growing At An Astronomical Rate
It’s estimated that by the year 2019, this business model will be worth nearly 6 BILLION DOLLARS.
Say that number with me again 6 Billion Dollars!!!
When I take a look back when I first started back in 2012-2013, it’s hard to believe how much I have been able to grow my business as a result of this business model.
I have personally found this entire experience to be mind blowing and I still have to occasionally pinch myself to make sure I’m not dreaming LOL
Do you guys know the very first affiliate program that started it all back in 1996?
If you guessed Amazon then you would be correct!!
Due to their massive growth over the past 22 years, they are known as the go-to place when you’re looking for just about anything.
It doesn’t matter if you’re looking for a rare strategy guide for a video game or a way to fix your washer or dryer, you’ll likely find it at Amazon.
With more and more companies moving into the online space this number will only continue to grow and the potential here literally blows my mind!!!
There Is An Over Abundance Of Products That You Can Promote As An Affiliate
Did you know that there are currently over 500 million products that you can promote and earn a commission from within the online space?
That’s NOT a typo and Yes you did read that number correctly!!
Not to mention the hundreds of thousands of online services that you can also promote to earn even more as an affiliate.
If it’s available to purchase online, then chances are that you can promote it and earn affiliate commissions as a result.
More & More People Are Spending Their Time & Money Online
Think back with me if you will to the mid 90’s when the internet was still new and not many of us knew what it was.
How hesitant were you to put your credit card details out there and buy something that you have never physically touched and all you had to go on was a picture of the product?
Trust me, I know how you must feel as I felt the same way.
I always worried that they would take my money and never ship out my order.
Fast forward to 2018 and this is the primary way that I do most of my shopping.
Being in the online industry for 4 years now I would rather support online businesses and help someone who may just be starting out and help them possibly earn their first commission than giving it to a huge corporation.
I know I’ve said this several times but did you guys know there are currently 3.5 Billion people online every day who are spending money and looking for information on a particular topic?
This number is up by nearly 1 billion from last year at this time and as technology continues to evolve this number will be constantly on the rise.
Nearly Every Online Purchase Has An Affiliate Behind It
What process do you usually follow before you make a purchase online?
Do you find yourself searching for product reviews and interested in getting other people’s opinion before making a sound decision as to whether the product you are looking to purchase would fit your needs and make a good fit for you before deciding to make a purchase?
Chances are that you landed on an affiliate’s website that is promoting the very same product that you’re interested in purchasing.
It doesn’t matter if you’re looking to score some of the best Black Friday deals or you are in the market to purchase the latest 3D TV’s on the market today.
Someone is likely earning a commission from you!!
It’s absolutely brilliant!!
Online Merchants Rely On Affiliates To Bring Them New Customers
1 of the main ways that companies like Amazon have been able to expand their reach and grow their revenue so much is because of their affiliates.
It just makes sense when you think about it!!
If you owned a company similar to Amazon would you rather spend hundreds of thousands of dollars hiring a marketing team, an ad executive, and spend millions of dollars a year on advertising?
Would you rather have other people out there selling your products for you and giving them a cut of each sale that they make?
Which sounds more appealing to you?
Hiring a marketing executive might seem like the more logical thing to do, but keep in mind that they NEVER guaranteed you any results.
This can also get quite expensive and eat up your marketing budget pretty quickly if you’re not careful.
In order to get paid as an affiliate marketer, you’ll be required to achieve results FIRST and this is what makes this business model so brilliant.
It costs the company $0 and comes with ZERO risks so what do they have to lose?
Affiliate marketers are the life blood of any thriving successful business in the online world!!
How To Have The Most Success With Affiliate Marketing In 2017 & Beyond
As you can see from the 5 things that I’ve mentioned above this business model has no plans of dying off anytime soon and as we continue moving forward to potential here will continue to grow.
Learning how to market products and services successfully can become quite the challenge and extremely overwhelming especially when you’re first getting started.
When I first started out here I had absolutely no idea what I was doing and I found myself going around in circles and getting nowhere for quite some time.
In order to successfully master everything, you’ll need to know and learn everything required to fire your boss and earn any kind of life changing income, you’ll need to have the proper training and the highest quality tools in the industry to do so.
You’ll also need to have the right support channels to guide you along and lead you in the right direction.
The place that has shown me how to make sense of all of this and has taught me how to build a successful business doing something I love is Wealthy Affiliate.
If you have ever shown any kind of interest in working from the comfort of your home and learning how to get paid selling other people’s products I would highly recommend that you check them out for yourself and see what they can do for you.
What have you got to lose?
It’s FREE to get started and your starter membership comes with everything you need to get your first website up and running.
You’ll also have me there to guide you every step of the way and help you avoid some of the most common mistakes that most people make when they first start out.
I really hope this post has helped you guys out and has given you some much-needed information to be successful in 2017 and beyond.
If you have any additional questions or if there is anything you would like to add to this please leave it for me in the comments section below.
I would love to answer these questions and hear from you guys!!
Until Next Time