I think the question of can I make money with affiliate marketing is probably the one we all have on our minds when we first get started.
Even if you’ve been doing it for a while, and have not seen any money coming in, you may begin to question whether you can actually make money even when you know other people are!
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Of course, the short answer is yes you can make money with affiliate marketing, but there’s a lot that goes into it.
What I want to do in this article is to go beyond whether you can make money with affiliate marketing. Let’s get more specific in looking at other aspects of this question.
How you can make money with affiliate marketing! What are the best affiliate programs to make money with?
How Do Affiliate Marketers Make Money For Beginners?
One of the many things I like about affiliate marketing is how beginner-friendly it is as a business model. We all start exactly in the same place.
The first step is to join an affiliate program. Affiliate marketing is a business model you can use to make money online.
What’s really great about this business model is there are people that make money on their very first day.
How do they do that?
Sell Something. This is a good place for a beginner to start.
Beyond selling something other ways people make money as an affiliate marketer are to get leads and to get clicks. These are known as pay per lead and pay per click, business models.
Pay per click is best done with Google AdSense. However, you’re not going to make money the first day because Google won’t even approve you for their affiliate program until you get a little more advanced with your own website or blog.
Pay Per Lead
The pay-per-lead business model is good because all you have to do is get someone to fill out a lead form. There’s a lot of training online for this. You can just Google search cost per action training or here’s a short video to learn more about that.
Cost Per Action Affiliate Marketing Explained
Pay Per Click
The pay per click, or also known as PPC, is an affiliate business model where you are paid when people click on ads. These are known as display ads and there are multiple ways you can get those on your website or blog.
One of the largest affiliate programs in the world, and it pays out billions of dollars in commissions to their affiliates every year is Google AdSense. You create content on your website or blog and Google sells advertising and uses an algorithm to match advertisers with the theme of your content.
The ads show up, somebody comes to your blog to visit, they see the ad, they click on it, and you earn a commission.
How much will you earn?
Google pays you 68% of the click that they bill to the advertiser. So, if the cost of the click the advertiser is billed is $1 dollar Google will pay you $.68 cents. If the click cost $10, they’ll pay you $6.80.
This is the simplest form of affiliate marketing because all you do is focus on getting content and traffic, Google sells the ads, and you make money when people click on them. You’re not selling anything, and you’re not asking them to fill out a lead form like you would with the cost per action or cost per sale program.
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Ok, let’s move on. We have talked about Google AdSense which is in the pay per click affiliate model.
What else can you do to earn money in affiliate marketing?
How Much Can I Earn As An Amazon Affiliate?
One of the real pioneers in affiliate marketing was the Amazon Associate Program. The name associate was used in the early days of affiliate marketing and now it’s just more commonly known as affiliate marketing programs.
In the early days, Amazon approved affiliates to sell books. That was all they had, but it worked extremely well and they built their whole company from that original concept.
Basically, it works like this.
You sign up as an affiliate with Amazon on their site. They give you an associate ID number.
This ID number is then inserted into website URLs for literally millions of physical and digital products. For sure Amazon is the leader in physical affiliate products sold online!
When somebody comes to Amazon looking for something, your webpage may show up, somebody clicks on it, and if they purchase it you earn a commission. These commission rates are lower than they might be for other affiliate products, but you can make up for that volume.
For example, if you’re only earning 5% of the sales price that may not sound like much unless you’re selling a big-ticket item. However, because of the massive amount of traffic that Amazon gets, you could end up selling hundreds of products every month and make a lot of money in the process.
There are people earning six, seven, and even eight-figure incomes a year with the Amazon affiliate program. Bottom line if you want to make money in affiliate marketing with physical products Amazon should be a program you join.
Ok, we have talked about Google AdSense and Amazon. What’s next?
Can You Really Make Money With Clickbank?
Click bank is an affiliate network. They bring affiliate merchants and affiliate marketers together to use their platform to sell digital products online.
These products come in the form of membership sites, e-books, videos, music, and so on. In my view, Clickbank is one of the truly great affiliate programs to join.
This is so simple that you create an account and choose your own hop link ID name. This name is then inserted into the URL for every product on the Clickbank platform. You literally have access to millions of products you can start selling right away with just that ID name.
On the Internet, Clickbank is a Top 100 online retailer with over 200 million customers. People in over 190 countries have bought products off of a Clickbank website.
You can make literally earn unlimited amounts of income in any niche you choose to get into. It’s all free to join and get started with! If you really want to know if you can make money online or not, Clickbank is the place to be especially if you’re going to promote digital products.
Need Proof? Affiliate Marketing Average Income 2018
According to Zip Recruiter, the average annual salary of an affiliate marketer is $66,905 as of July 27, 2019. They are reporting this as a salary for a job.
This just means there are companies hiring people to do affiliate marketing for them. This is probably not something most of us have ever thought about.
I would say this…
If you have the skill of an affiliate marketer, but don’t want to be in business for yourself, maybe you should take a look at going to work for somebody else. Getting skills is key to earning a full-time income online from home.
How much money do you think somebody makes as an affiliate marketer if they’re working for themselves? I imagine this would be almost impossible to calculate because of the variables involved.
Here’s one thing that I know. I am involved with Wealthy Affiliate which is a training program for affiliate marketers. They have an affiliate program, but the people that make the most money with Wealthy Affiliate are not that involved in the affiliate program.
Niche Affiliate Sites
What they are doing is building niche affiliate websites and monetizing those in some of the ways that we’ve talked about already.
I know of one affiliate marketer, Jon Dykstra, who focuses on the display advertising model. He is earning over $47,000 a month when people click on ads that companies like Google sell and he places a little piece of code on his website.
I understand that there’s going to be a lot of people who get into affiliate marketing and they’re never going to make any money. That is not the fault of the affiliate business model or even the affiliate programs they join.
This has been true going back to the beginning of the home business network business model and MLM or multi-level marketing. Millions of people join programs and never make any money and then they blame it on the program.
I’ve often wondered why somebody is successful where most other people aren’t. This is where you really get into understanding what’s going to be involved as an affiliate marketer if you want to make money. For that consider a handful of these pros and cons.
How Affiliate Marketing Pros & Cons Will Affect What Your Income Is
There are pros and cons of affiliate marketing like anything else in life and on the Internet. Here are the ones that come to mind for me without doing any research. This is based on personal experience.
1. It is easy to get started. All you do is join an affiliate program and you are ready to make money.
2. It is cheap to get into. Many affiliate programs are free to join.
3. Products. There are millions of things to sell or promote.
4. You can do it anywhere. All you need is Internet access.
5. There is no income ceiling. You control how much you earn and are never capped.
1. You do not know where to start. Affiliate marketing is not difficult, but you do have to start somewhere.
2. What niche should I be in? A niche is a targeted segment of the market.
3. What do you sell? This is the age-old question that many people do not get beyond.
4. How do I make money? Until you are actually getting paid most never figure out how to earn it.
5. How do I get traffic? This is true for any business online. You will not make any money until you have people coming to your website. This is the #1 reason people fail in affiliate marketing.
What is my solution to these pros and cons? Read below.
Summary: Can I Make Money With Affiliate Marketing?
Here is the bottom line. Yes, you can make money with affiliate marketing, but you’re going to have to learn how to do it. You’re going to need a handful of affiliate marketing skills.
You can click around on Google, or go to YouTube and watch videos, and try to figure it out on your own. A better way in my viewpoint is to join Wealthy Affiliate for free and start getting some basic training.
Then if you choose you can upgrade to a premium member and access all of the many benefits that come from this. Some of the most successful affiliate marketers on the Internet today are members of Wealthy Affiliate and this includes me.
I can help you if you want me too! I will show you exactly the steps you need to take to make money with affiliate marketing the right way. You have the opportunity to start for free, taking the risk away and for you to have complete knowledge of what affiliate marketing is all about before you make any investment.
Related Video: How Long Does It Take To Start Making Money On Affiliate Marketing?
Related Article: How Long Does It Take To Be A Successful Affiliate Marketer?
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