Getting up early, driving through heavy traffic, streets crowded with drowsy people. All of this for the moment the clock hits 5:00 p. m. and you are able to go home. If you could, you wouldn’t like to go through that endless cycle, would you?
What if I told you that you don’t need to deal with this monotonous lifestyle in order to make some money? There is a way to do so even when you are asleep.
This is the idea of affiliate marketing.
Affiliate marketing is a strategy which’s concept is to increase the number of sales and generate more online income. The new impetus in the direction of less traditional marketing seems to be worth it. In fact, affiliate marketers and brands have so much from it. Let’s let the numbers do the talking!
- The power of affiliate marketing is being utilized by approximately 81% of brands and 84% of publishers. These numbers are only going up! In the USA the statistics show that every single year there is an increase of the affiliate marketing spending.
- In 2020, because of the 10.1% increase in affiliate marketing spending in the USA, the number managed to rise up to $6.8 billion. How crazy is that?
- In 2018, 62% of traditional marketing schemes' costs were calculated to be coming from content marketing. The catch here, is that they were able to generate three times more leads than the traditional methods. Actually, back in 2018, the number of online orders which can be attributed to affiliate marketing are equal to 16% in total.
- Amazon offers rates of 1-10% because of a change in its affiliate structure back in March 2017. This allowed affiliates to make an enormous increase in their passive income, of course, depending on the vertical they make sales on.
- In June and July 2017, the affiliate marketing of Jason Stone, also known as Millionaire Mentor, managed to make $7 million worth of retailer sales. Unbelievable, isn’t it?
What Is Affiliate Marketing?
Affiliate marketing is quite a simple process. It is explained like that, an affiliate promotes another company’s or person’s product, and in exchange they get a piece of the profit. In order to understand if the customer is attracted by a particular affiliate, websites use affiliate links to track the sales.