If you’ve asked yourself is affiliate marketing worth it…
This post is for you!
Because in this post, we’ll look at everything you need to know to determine if affiliate marketing is worth it for you.
Even more:
You’ll discover how to get started with affiliate marketing in 2024.
You ready?
Let’s do it…
What Is Affiliate Marketing
Before getting into the nitty gritty, let’s quickly cover what affiliate marketing is, in case you’re unsure.
Affiliate marketing is the process of selling someone else’s product, then earning commissions on all sales you refer.
Here’s a quick rundown of affiliate marketing:
=> Choose a niche to operate in
=> Find products that relate to that niche, that you can also promote as an affiliate marketer
=> Do keyword research to see what keywords your target audience types into Google
=> Setup a website and create content that targets those keywords
=> Get traffic to your content from Google, and use that content to promote your affiliate products
Is Affiliate Marketing Worth It In 2024?
Yes, affiliate marketing is worth it.
Just look at these affiliate marketing statistics.
The affiliate marketing industry is valued at over $15 billion USD:
With the search term “affiliate marketing” having jumped rapidly since 2016:
These statistics show that affiliate marketing is a lucrative business model.
And that it’s growing in popularity over time.
However:
To determine if affiliate marketing is worth it for you, the answer should be yes to these questions…
1: Are You Willing To Work Hard?
Affiliate marketing requires hard work.
If you’re not willing to put in the effort, affiliate marketing is not for you.
2: Are You Happy To Produce Lot’s Of Content?
You need to produce a lot of helpful and engaging content to see success with affiliate marketing.
Because helpful, engaging content is what attracts an audience.
And it’s helpful content that sells affiliate products.
When Is Affiliate Marketing Not Worth It?
1: You’re Looking For A Get-Rich-Quick Scheme
If you’re looking for a get-rich-quick scheme, affiliate marketing is not worth it.
Affiliate marketing takes hard work and commitment to get anywhere.
Ultimately, you’ll only see success when you understand your audience, and genuinely help them overcome problems.
2: You Promote Low-Quality Products With High Commissions
There are lot’s of low quality products that pay out high commissions.
You want to avoid these types of products at all costs.
While they may offer high commissions, they’ll also damage your reputation and destroy all trust your audience has for you.
This is an affiliate marketing mistake new affiliate’s make.
3: You Don’t Care About Helping People
If you want to see success with affiliate marketing, you have to help people overcome their problems.
You achieve this by creating helpful and engaging content, and only recommending high quality products your audience will love and benefit from.
Pros & Cons Of Affiliate Marketing
Pros:
Low Start Up Costs
The start up costs are really low with affiliate marketing.
All you need are a few affiliate marketing tools and you’re good to go.
Highly Scalable
Affiliate marketing is a highly scalable business model.
You can scale it as big as you want, even into 6 or 7+ figures per year.
Flexibility
You can work on your affiliate marketing business part time, or full time.
You can do it from home, the beach, or anywhere in the world.
Affiliate marketing is extremely flexible.
No Customer Support
You’re promoting other people’s products with affiliate marketing, so they take care of customer support.
You never have to provide customer support for the products you promote.
Passive income
You can eventually get to a point where you earn passive income from your affiliate marketing efforts.
Cons:
Initial Learning Curve
Before you become an affiliate marketer, there’s quite the learning curve in the beginning.
Competition
Affiliate marketing is incredibly competitive.
Beyond lot’s of other people to compete against, even big companies like Forbes and The NY Times implement affiliate marketing.
How To Start Affiliate Marketing
There are many different ways to start affiliate marketing.
But the best way is by creating your own website, then promoting affiliate products via blog posts.
Here are the steps to get started…
Step 1: Choose a niche
The first thing you need to do is choose a niche to operate in.
Check out this post which highlights the best niches for affiliate marketing.
Step 2: Find affiliate products to promote
You can find loads of awesome products by joining affiliate programs.
Here are the best affiliate programs for beginners that offer high-quality products.
Step 3: Create your website
Your website will be your “place of business” on the internet.
You’ll use your website to create content, and sell affiliate products.
Take a look at this post to learn how to create an affiliate website.
Step 4: Do keyword research
Keyword research will give you insights into the different keywords your audience types into Google.
This is important, because the data will show you the types of content you need to create.
This post shows you how to do keyword research for affiliate marketing step-by-step.
Step 5: Create content
Content creation is like the bread and butter for successful affiliate marketing.
And in this post, I break down how to write an affiliate blog post your audience will love.
Step 6: Get Traffic With SEO
SEO stands for Search Engine Optimization.
It’s the art of optimizing your content so Google loves your content, and wants to rank it in the search results.
Check out this post to learn more about SEO for affiliate marketing.
FAQs
Is Affiliate Marketing Still Profitable in 2024?
Yes, absolutely!
The affiliate marketing industry is valued at over $15 billion USD.
And that figure only grows every year.
So, it’s definitely profitable.
Can You Really Make Money With Affiliate Marketing?
Yes you can!
So long as you follow proven affiliate marketing strategies, you can make money with affiliate marketing.
Why Do So Many People Fail At Affiliate Marketing?
Most people fail at affiliate marketing because they don’t stick with it.
Affiliate marketing is hard, and it takes a while before you make any money.
And because it’s hard and takes time before you profit, most people end up quitting.
Is Affiliate Marketing Hard For Beginners?
Yes it is.
There’s quite the learning curve involved with affiliate marketing.
Beyond that:
Doing affiliate marketing takes hard work and commitment.
Is Affiliate Marketing Legit?
Yes, affiliate marketing is legit.
While there are affiliate marketing scams to be aware of, affiliate marketing is a viable option to generate income.
So much so that, even big brands like Adidas, Home Depot, Target and GoPro have their own affiliate programs.
What Are Some Affiliate Marketing Examples?
Check out this post to see a few successful affiliate website examples.
Conclusion: Is Affiliate Marketing Worth It in 2024?
So, is affiliate marketing worth it in 2024?
Yes, affiliate marketing is worth it!
Right now, it’s a $15 billion USD industry.
And that figure continues to grow every single year.
That means there’s huge potential to make money today, tomorrow, even 10 years from now.
Now, over to you…
“Is affiliate marketing worth it for you?”
Let me know in the comments down below.
I’d love to hear from you!
