Is Affiliate Marketing Still Profitable in 2022?

Is affiliate marketing still profitable in 2022?

As e-commerce continuously evolves, many doubt if it is still possible to earn. One particular field that people question is affiliate marketing.

There are a lot of marketers that got rich through this. However, while some treat this as the best source of passive income, some wonder if it is still profitable. This holds beginners back from trying it out.

As time is essential in marketing, it’s just right that you learn about it first. This is why today; we will focus on this issue. This will help you know if affiliate marketing is still worth investing in or not.

What is Affiliate Marketing?

Before we go on to our main topic, let us first give you a brief background on affiliate marketing.

In simple terms, affiliate marketing is where you promote a brand’s product or service. Each referral equates to commission. This refers to a certain part of the product’s price.

This is not dropshipping because dropshipping is the process of selling a tangible product. Between the two, you have to choose whether affiliate marketing or dropshipping is better for you.

For instance, a program may offer you 10% for every successful sale. Some, on the other hand, may offer as little as %5. There are others who offer as much as 40%. Take ClickFunnels as an example.

Another thing about being an affiliate is that your income relies on your performance. The more time you invest in promotions, the higher earnings you can get. Here are other things that will make an impact on your journey:

• Platforms that you major in
• Marketing tools that you use
• Number of affiliate programs that you are in

Along with time, you should also possess great skills in communication. This will help connect with your audience. If you are an affiliate of ClickFunnels, you may even become a Two Comma Club member if you are really good at it.

What Do You Need to Start Affiliate Marketing?

It is easy to start being an affiliate. You just need to have two main things. Refer to the following list:

• Affiliate Program

First, you need an affiliate program. This refers to the brand that will provide you with the product and commission. You can join more than one as long as you can handle each promotion effectively.

Some of the top programs that you can look into include Amazon, ClickFunnels, ClickBank, and ShareASale.

• Marketing Platform

The second and last requirement points to your marketing platform. This is the medium that you will use for promotions. This can be your social media or website.

You just have to ensure that it covers a large audience base. Majoring in one that specializes in your target market will be a bigger help.

Unless specified, you don’t have to pay fees during registration. Programs that require experience is also rare. Some, however, need legal tax documents before you can start. They will use this for processing your payouts and billings.

State of Affiliate Marketing: Then vs. 2022

There is not much difference between the state of affiliate marketing in the past and present. It is not just as “trendy” as it was. Even so, you can still expect thousands of affiliate programs and affiliates. To support this, you can look up the following figures:

• Pat Flynn
• Jeremy Schoemaker
• Neil Patel
• John Chow
• Kristy Mccubbin

These people got rich through affiliate marketing. Most, if not all, earn at least 6 figures in commission. The best thing about this is that they only treat affiliate marketing as a side job. This is already a big thing even if we consider that they don’t have regular earnings.

Is Affiliate Marketing Dead in 2022?

If we are going to base on the possible profit in affiliate marketing, then we can freely say that it is not “dead”. What’s dead, however, are the old techniques that the then affiliates used. Unlike in the past, you can’t just share your affiliate link, and convince people to buy.

You need to inform them about the product. At the same time, you should convince them that it is worth buying.

You can also creep out your audience if you try to chat with them personally. Of course, this only applies if you don’t know the person. Sticking to online blogging alone won’t gather high sales. You need to be present in forums, social media, and likes. You may even have to opt for visual aids like YouTube videos.

This will help establish your expertise. This is important in getting your audience’s trust.

Should You Still Be An Affiliate?

If you are wondering if you should still be an affiliate, then it will depend on what you want to achieve. Usually, there are two main reasons as to why one wants to be an affiliate. See the following:

• You want another source of income

If you are looking for a side job that will let you earn additional income, then affiliate marketing is the answer. You can simply make a post promoting the product, and wait for confirmed sales. This means that you can earn even if you are simply waiting.

• You want to make money off of your blogging site

If you are currently a blogger, you can use affiliate marketing as another way of making it profitable.

• You want to hone your marketing skills while still earning

For those in the marketing field, this side job is a great method to gain experience and money at the same time.

If your goals include one or all of the ones above, then you should sign up for an affiliate program. If you are worried about how much you’re going to make, you should know that it is impossible to earn a lot of money instantly. You need to invest time, and sometimes even money, to get the best results.

Summary: Is affiliate marketing still profitable in 2022?

All in all, affiliate marketing is still profitable. It will, however, lie in your performance. With the proper tools and technique, you can definitely earn side profit. The main point is to not expect that much.

Even if you can earn money, don’t treat this as an alternative to your day job. This is also not the road to being rich quickly contrary to mix-ups.

As this is solely for passive income, you can’t have 6 figures in an instant. Your earnings will still depend on some other factors. These include the affiliate program, rates, and your knowledge and skills.