Do people make money doing this?
The short answer is yes. Lot’s of people are making huge money as affiliate marketers.
You may recognize some of these big names that use affiliate marketing to make money online.
- Neil Patel
- Tony Robbins
- Tai Lopez
- Pat Flynn
- Brent Hale
- Amy Porterfield
- Mike Dillard
- Tim Ferriss
- and the list goes on and on…
These are heavy hitters and big online brand names but for every one of these millionaire entrepreneurs, there are thousands of people like you earning some extra spending cash or an income to live on.
It is possible and realistic to make $50,000 to $100,000 per year doing this.
Does everyone that tries affiliate marketing make money?
The unfortunate truth is No.
Most people don’t put in the time and effort needed to stick it out.
Affiliate marketing is not a get rich quick scheme.
It takes a lot of work and commitment and should be looked at like any other business.
When done right, your income potential is only limited by your strategies and tactics for promoting products on the global market.
The global market is gigantic.
Something I like to tell new people considering this as an income source is this…
There are 3.2 billion people, or almost half of the world’s population on the internet today.
They want to learn stuff, buy products and use services just like the rest of us.
And if that’s not enough, more people are coming online every day.
Growth in internet users keeps increasing year after year and that only North America and Europe are seeing penetration rates of greater than 75%.
This means that there are new people getting on the internet every single day.
And… they are spending a lot of money too
More than $1.2 million is spent online every 30 seconds.
Think about that number for a second…
One point two million dollars, every 30 seconds.
Let’s break it down even further.
- $684,669 is spent on credit, debit, prepaid and store cards
- $516,504 in alternative payments
- Amazon does almost $100,000 all by itself
- eBay does $74,423 in business
- Apple does $17,803
- Facebook does $5,483
- Pinterest does $4,504
- Twitter does $4,308
All in 30 seconds.
The point I’m trying to make here is that there’s plenty of customers and money going around for people like you to make money as an affiliate marketer for many many years to come.
With that much money & people: Why do so many people fail at Affiliate Marketing?
Yes, the failure rate for affiliate marketers is high. I read recently that;
95% of Internet marketers and affiliate marketers fail to make any money online
That sucks but, don’t let it get you down.
Too many people try and take the easy way, fail and quit because affiliate marketing is not the get rich quick scheme they thought it was.
I guess the 95% failure rate makes sense if you think about the vast number of people who want to “ditch the 9to5 and make money from home“.
The truth is, affiliate marketing works but like Tomas Edison once said;
“Opportunity is missed by most people because it is dressed in overalls and looks like work.”
If you are willing to be constantly learning, do the work, and you think you can build an audience around a niche subject or topic then affiliate marketing is probably for you.
A note on Income Expectations
There are many people making millions of dollars both as product creators and affiliate marketers. However, this is not typical.
Most people that try to do affiliate marketing fail. This is not because it doesn’t work, it’s usually because people don’t know how to do it and their expectations of the time it takes to become successful at it is just too short. Too many shortcuts and too little focus.
It is entirely possible to make a 5 figure income and even 6 figure income if you get the right knowledge and skills, focus your time and energy and accept that building an income online with affiliate marketing takes time and perseverance through many challenges and difficulties.
You can do it. Just get started and keep moving forward.