With more and more people around the world now getting used to working online, affiliate marketing has seen a boom. However, with more interest comes more competition, so is now the right time to get started?
Affiliate marketing in 2022
The last couple of years have been life-changing the world over, but some people have been more affected than others. The affiliate industry has been lucky thanks to it functioning almost entirely online. As a result, many affiliates have actually thrived, having been able to carry on working as normal, while reaching a wider audience of people now also working remotely.
One of the greatest draws for newcomers to the affiliate industry is the flexibility it offers. Marketers can jump between different verticals, offers, traffic sources and countries all from the comfort of their own home, or wherever else they choose to station themselves.
However, while affiliate marketing may seem like the ideal job for many, it requires risk and certainly isn’t easy money. This is one of the reasons why a lot of people who try affiliate marketing thinking it will be easy, ultimately fail. But, if you are willing to take risks, make mistakes and learn from them to improve over time, then affiliate marketing could be for you.
What can affiliates earn in 2022?
Putting a price on how much an affiliate can make is a bit like putting a price on how much a restaurant can make. It all depends on the person behind the business. There is no limit to success, but there’s no limit to failure either. Which is why it’s important to learn as you go.
As with any business, you’ll start out with a loss, but it’s best not to think of it as a loss. Instead, think of it as an investment. You have to put money into traffic sources to see how they works and test different offers and verticals. Only then can you begin to understand them and take advantage of what they have to offer.
You could go to a traffic source and spend $1000 in a day, have 0 conversions and walk away and never look back. Or, you could learn from that $1000 and spend more slowly, tracking what people engage with and what they don’t. Over time you’ll get a much clearer picture of what will likely work and what won’t. As you do this, it should cost you less time and money testing in the future to reach a profitable point. Once there, then you can scale.
So in answer to the question of how much can affiliates make, it’s not unrealistic for affiliates to make $10,000 month. It’s also not unrealistic for them to lose that $10,000. Although it’s much easier to mitigate losses than it is to gain profits and having safety nets and rules in place is always a good idea.
What’s the best way to get started in affiliate Marketing in 2022?
Getting started in affiliate marketing remains the same in 2022 as it has in previous years. There are a number of different ways to do it and models to choose from. However, the easiest way is to join a trustworthy Affiliate Network so that you have a good selection of offers to choose from.
Affiliate Networks are really important for affiliates because they keep them protected. When you join a trusted affiliate network like Converting Team, you don’t have to worry about receiving payments from advertisers when you send quality traffic. You can also rest assured that you are getting the best payouts available.
Once you’ve found your affiliate network, then you should start testing traffic sources to see which one works for you. Social Media is probably the easiest for most beginners as they are already familiar with the platforms.
One downside of social media traffic is that the major platforms are not huge fams of affiliates or affiliate offers. However, if you go whitehat and offer quality products and services, then you can make it work.
To see what other traffic sources are available, check out the Traffic Sources section of our blog
Is affiliate marketing legitimate?
Yes! But of course, there are good and bad practices. Affiliate marketing is not a ‘get rich quick scheme’ and you should avoid taking advice from people who tell you it is.
When it comes to affiliate marketing and legality, it’s legal when you follow the rules of each country and use offers that work not only for conversions but also for customers. There are plenty of scams out there, and it may be that at some point you’ll run into them without even realising. However, when you start getting account bans and suspensions then you’ll soon see why playing by the rules is the best way to go.
The Bottom Line
Affiliate Marketing is a huge industry and there are lots of different ways to break into it. You’ll also develop some great skills and knowledge which you can use if you decide not to follow through as an affiliate. Plus, if you get affiliate marketing right then you can make an amazing living from anywhere in the world.