Money may not grow on trees, but for affiliate marketers in today’s online world, it might as well. Affiliate marketing is a form of passive income, which means you put in the work upfront and reap the rewards for years to come.
Sound good? Then you might want to join the thousands of online affiliate marketers who are making up to $7 million in affiliate sales.
But before you start designing that new affiliate blog, you need a reality check. affiliate marketing isn’t a get rich quick scheme—it takes time, work, and even a little money to truly be successful.
Want to know what you should expect as a brand new affiliate marketer? Check out this guide to how fast can you make money with affiliate marketing for everything you need to know.
Why Affiliate Marketing?
If you clicked on this post, it’s safe to assume you already have some interest in affiliate marketing. But just for a refresher, here are some of the many benefits of becoming an online affiliate marketer.
Affiliate marketing accounts for 15% of all digital revenues. And affiliate marketing contributes to 16% of all e-commerce orders online, making it the second-largest source of online income. That means there’s plenty of money to go around.
Experts suggest the demand for affiliate marketing will grow by 10% over the next few years. This is faster than the average job growth rate seen in today’s economy. And that means there are also plenty of jobs to go around.
Finally, it’s estimated that a whopping 81% of brands rely on affiliate marketing as a form of high ROI advertising. And with 170 million transactions per year carried out through affiliate links, it’s safe to say there is a high demand for an affiliate marketer’s skills.
Now that you know why you should be interested in affiliate marketing, here’s what you should expect when it comes to making money fast. Spoiler alert: you shouldn’t.
So… How Soon Can You Make Money with Affiliate Marketing?
Unfortunately, brand new affiliate marketers aren’t going to start making the big bucks only a few weeks after launching your site. Why is that? Because affiliate marketing has a rather steep learning curve you’ll have to master before you start seeing sales.
How long exactly? Well, that depends on where you are along the learning curve.
If the first time you’ve heard about affiliate marketing is right now while you’re reading this blog, you have a long way to go before you start seeing returns. That’s because you have to build your niche website, learn how to create engaging and converting content, figure out how to navigate your new affiliate company’s rules, and so much more.
But if you’re already seasoned at these things, what are you waiting for? You could be turning a profit in only a few short months.
Another thing to consider as an affiliate marketer is that the average affiliate marketing conversion rate is only 1%. This means affiliate marketing can often be a numbers game. Because the bigger your potential audience, the more likely you are to make a sale.
But even that isn’t always true. Because if your audience is huge but isn’t interested in the type of products you’re marketing (which may just mean you’ve picked the wrong niche), trying to make a sale will be like screaming into the void. Instead, make sure you cultivate an audience that is interested in the type of products or services you plan to market.
With all that said, it can take anywhere from 2-3 months to a full year to start seeing income. And multiply that number by two before you can even dream of making that income full-time. But to speed up your journey, here are a few more tips for improving your affiliate marketing strategy.
Tips for Optimizing Your Affiliate Marketing Success
If you want to make money fast from affiliate marketing, you need to have a strategy. A strategy that goes beyond a simple monetary figure. Aside from creating the perfect niche website, here are some keys to your affiliate marketing success.
1. Traffic Comes First
How will you make your first sale if you don’t have an audience to sell through? This problem is the main reason making money from affiliate marketing can be so slow. But if you use SEO to draw your target audience to your blog, you’ll have a higher chance of making more money faster.
2. Amazing Content is King
As an affiliate marketer, you’re a marketing expert, a writer, and a salesperson all wrapped up into one hard worker. Your content is the way you’ll sell your affiliate products. And if you aren’t engaging with and selling to your target audience, your conversion rates will plummet.
One of the most often overlooked aspects of your affiliate blog is how transparent you are with your readers. To make a sale, your readers have to trust you. That means you need to be upfront from the beginning about your use of affiliate links and that you make a small commission when your readers purchase through them.
Make Money Online with Affiliate Marketing
Now that you know the answer to the question—how soon can you make money with affiliate marketing?—you’re ready to learn how to become an affiliate marketer.
Want to get started with that steep affiliate marketing learning curve? Create an account with us today to find out how you can start making income blogging.