23/08/2022
Affiliate marketing is one of the methods of making money online that is almost as old as the dawn of the public internet itself. Online referral programs existed for nearly two decades before modern social media was ever even conceived. Regardless of any pre-conceived notions that a person might hold about Affiliate Marketing, this monetization method is clearly one of the most profitable ways to make money online. As you can see, we use this method as well, as just one of the ways we have monetized our social media sites, blogs, vlogs, and web pages, and it has proven to be quite profitable!
Are you one of the people that carries some of those doubts and pre-conceived notions?
Let’s put aside opinions and look at some actual statistics: (source: Statista.com)
· Between 2017 and 2021, global interest in affiliate marketing increased by more than 300% and continues to climb higher and higher in 2022.
· Up from $5.4 Billion in 2017 (still a nice chunk of change!), major brands are expected to spend an estimated $8.2 Billion in the US alone, on affiliate marketing in 2022.
· It’s not some get-rich-quick scheme, but Affiliate Marketers can earn a very livable income with the reported average being around $52,560 per year.
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