Is Affiliate Marketing Still Worth It In 2020 / 2021? For all those wondering if affiliate marketing is still worth it in 2021, fear not. ✔︎ Prognoses are still in the making, but the affiliate marketing industry is already said to go way beyond $16 billion dollars worth and to skyrocket even further in 2021
Is Affiliate Marketing Worth It?
It is being said that affiliate marketing will be worth it in 2021 (at least for those who are currently active). I remember reading a few years back that affiliates had already generated a total of $16 billion worth by 2016. However, this number has risen so much so that it is predicted that in 2021 this number is expected to rise to $24 billion and to grow even further after 2021 as it is estimated to exceed $37 billion by 2022. Let’s take a look at what’s in store for affiliate marketing in 2021. Read also: The Effects Of Instagram’s 20% Ad Cut Affiliate Marketing Is So Much More This statement might sound strange because it’s not something that a lot of people know about.
What is affiliate marketing?
Affiliate marketing is a way for professionals and brands to generate income from the websites of the partner companies that are willing to advertise their brand through the content the affiliate publishes. On the other hand, the partner websites and the company may also become affiliates themselves. One of the biggest advantages is the high exposure it gives to the brand’s content as it posts articles and videos regularly on the partner websites. How can you get started in affiliate marketing? Being an affiliate marketer involves a lot of preparation and getting to know a company or brand is no easy task. You have to take it slow and spend some time with it to see if it is worth you.
Pros and Cons of Affiliate Marketing
With the rise of technological improvements and our ability to access more information than ever before, it is not a huge surprise that the topic of affiliate marketing has gained much traction in our current society. Affiliate marketing is essentially the practice of trading products to promote other products. With affiliate marketing, the “you” are supposed to help promote another company’s products to the consumers. While it sounds easy on the surface, things are not that simple. ✔︎ First, and most importantly, you must have a clear vision of your business. Without it, there will be a lot of frustration and people will start to lose interest in your business altogether.
How To Make Money With Affiliate Marketing
A bunch of affiliate marketers have already proven how to make millions by doing affiliate marketing. They have all made at least several hundred thousand dollars in just a few years with this type of marketing, not taking into consideration all their other paid time commitments. Make sure you read up on the different affiliate marketing agencies available and don’t take things for granted! Using affiliate marketing is not going to be easy for you or the company you’re promoting, but the good news is that the sooner you start the better. How To Make Money With Affiliate Marketing | 10 Free Resources When choosing a top 5 WordPress plugin?
In 2013, affiliates had to constantly look over their shoulders. They were afraid of getting discovered or getting taken advantage of. But in 2015, and with the introduction of new rules and the increased awareness of affiliates, people were now very cautious in how they approached affiliates. This still continued in 2016, and with just a few months left, 2017 will be better for the whole affiliate marketing industry. It is impossible to really predict the direction of the market. But one thing is for sure, affiliates are coming back to life. ✖️ In 2018, so far, 56% of online publishers have earned over $100,000 in revenue. 👉 In 2016, top publishers made more than $20,000 in online advertising revenue. By 2019, there will be 10 million online publishers.