Is Affiliate Marketing worth it in 2022? Or is it dead? It is no secret affiliate marketing is a very popular income stream. It is a way to earn income without having to have any upfront cost or having a very low cost to start.
In the last few years, online marketing has become more and more competitive. It is harder to find those products and services that will bring in revenue. It is even harder to find those products and services that will bring in revenue quickly.
Affiliate marketing offers a way for you to build a revenue stream quickly. In order to be successful with affiliate marketing, you need to find the products that will bring in revenue.
Once you find a product that will bring in revenue, you will need to do research. You will then need to determine what you need to do to find the products that will bring in more revenue.
When setting up affiliate marketing campaigns, you need to know what you are selling and what you are promoting.
What is Affiliate Marketing?
Affiliate marketing is a system in which affiliate marketers can earn commissions for marketing other people’s products or services. Marketing partners find products they like, and then promote those products or services to get a portion of the profit from each sale.
Check out this short video on the topic of What is Affiliate Marketing from our YouTube channel:
Is Affiliate Marketing Legit form of making money online?
In today’s economy as more and more people are trying to make money online, lot of things does not seem legit or truthful. People often consider Affiliate Marketing a scam due to a big offer of gurus and their courses.
But, statistics show that more than 80% of brands have some form of affiliate programs. Affiliate marketing requires very little investment to get started. Therefore, it is fashionable among marketers and brands. According to Mediakix, this statistic is not surprising. Over 80% of brands have affiliate programs. Marketers have come to rely on affiliate marketing to make huge profits with little or no investment.
In general, there is no shortage of affiliate programs for the promotion of famous brands and startups. Many companies offer affiliate programs where partners can register directly on their website or through an Affiliate Network.
You need to find and promote affiliate offers that are right for your content or target audience.
So if you ask yourself, is affiliate marketing really legit? This is a legitimate way to earn extra income through commissions.
Also, it is one of the low starting cost businesses that has the potential to make a lot of money in a month.
It is up to you to decide is affiliate marketing worth it or not.
Is Affiliate Marketing dead?
To answer your question quickly – NO!
The search for affiliate marketing rose over 200% between 2015 and 2020, according to Google Trends. Actually, it is growing at a rate of 10% a year.
Also, it is predicted that Affiliate Marketing gross revenue will be around 12 billion dollars in 2022!
Is Affiliate Marketing Hard?
Well, it depends. If you expect results quickly and over night, yes, it is hard, as it takes hard work and consistency. The whole thing around is affiliate marketing worth it paradigm comes from the fact that people are generally expecting fast results. And are disappointed when the results don’t come instantly.
But it’s not hard to start Affiliate Marketing. The biggest issue is that people expect to get rich quick, which is just not possible in any form of business (unless you are very very lucky). You need to ‘plant the seeds’ consistently and be patient.
Most people quit too soon, as the results are usually not that great at the beginning. But those action takers who stay consistent, eventually get the fruits and starts to earn commissions passively from the seeds they planted before.
Every piece of content that you leave behind during your efforts to reach the audience in your niche is forever potentially earning you money in the long run.
If you want to see how it is done and if you are still wondering is affiliate marketing worth it, please watch the short video below to get the idea on how to choose your product and niche, and how to promote that product to your audience using free traffic sources:
Who should not be doing Affiliate Marketing?
If you expect immediate results than affiliate marketing is not for you. Some blogs or YouTube channels achieve full time income 1-2 years after starting the journey.
Like I said, consistency, hard work and constantly giving value to your audience is the key to success in Affiliate Marketing.
This s not a shortcut to wealth, it is a form of online business, and you need to treat it like a business. Built it’s assets and revenue streams, create content, continuously share your tips and knowledge expecting nothing in return.
Why do so many affiliate marketing professionals focus on teaching affiliate marketing to new, ambitious affiliates by selling courses instead of doing actual affiliate marketing? Because that’s an easier area to target for those who want to quit their job and start making money online.
How to start Affiliate Marketing
This is a whole topic on itself, but let me get few general points to get you started quickly.
Choose a niche
Typically a niche is a general topic around which you build your affiliate marketing business. For example, the top 4 broad niches are:
- Make money online
- Health and Fitness
Generally, you can use a broad niche or drill it down to a smaller branch, for example In Make money online, you can choose Investing.
After you choose a niche, stick to it always. All your content and efforts should evolve around that niche and nothing else, so your audience can relate you or your brand to that niche.
Choose a product
After choosing a niche, you need to choose products around that niche. Like I said several times, give your audience value before trying to sell them anything. But you need to have a product you are promoting.
Pick an affiliate product you understand and are really wanting to promote
Share valuable content around your niche and/or product
You need to have a website as an anchor point to all your efforts online.
You can use free Software as a Service solution like Systeme.io, which will give you an easy to use drag and drop website builder with all the tools that you need inside. The best thing is, it is totally FREE for up to 2000 Contacts you bring in your affiliate marketing efforts.
Or you can get an affordable hosting (for as little as $2.95 a month) and use WordPress to build your website and blog.
Then start sharing valuable content on your website and your social media platforms. All your content will always link to your website, where you will get people to leave you your email address in exchange for something, preferably free.
This way, you can share even more value with them through Email Marketing
Stay consistent and results will come
Which ever way you choose to follow, consistency is the key. If you sow up every day and share content your audience will value, you will eventually start selling your products to that audience.
If you want more practical tutorials on how to start Affiliate Marketing, be sure to subscribe to our YouTube channel.
Conclusion: Is Affiliate Marketing Worth it still?
If you are still wondering is affiliate marketing worth it still, the simple answer is YES. Business and brands still rely on it to drive sales and as long as they do, there is commissions to be made and money to be earned.
There certainly are a lot of ways to make money online, but affiliate marketing is by far the easiest to start, with little or no investment. It requires work and patience, but it brings a lot of benefits in the future, when it starts monetizing.
And if you want to start affiliate marketing as a side hustle (or a full income stream), grab Free Ebook on How to start Affiliate Marketing to get you started.