Wondering if affiliate marketing is dead?
Let me reassure you, it’s alive and better than ever.
Sure, your typical “guru’s” might be saying this so they can sell you on their new coaching program or course. But I’m here to tell you that affiliate marketing is still an industry worth getting into!
And that’s from a fellow affiliate marketer, who does this stuff day in and day out.
Let’s get right into the post so we can debunk those myths!
Here's what we'll cover...
What Exactly Is Affiliate Marketing?
Affiliate marketing is a business model that’s been around since 1989 (yes, seriously)! It’s a type of performance marketing where a marketer gets paid by a company for referring users to their product or service.
It’s pretty straightforward, and works for the following reasons:
- Companies are looking for more people to buy their product without any risk.
- Affiliates are looking for products they can promote, without creating their own.
- Customers are looking for products to buy, but don’t know where to find it.
All three of the parties involved benefit from affiliate marketing, which is why it’s such a great business model to get started with.
And if you’re wondering whether or not I’m actually in the trenches doing this stuff – it’s my main source of income online, so yes.
Is it easy?
Affiliate marketing is simple, not easy. It’s not easy because you’re competing with a bunch of other affiliates to promote the same products!
Most affiliate marketers struggle because of this. Unless you’re really committed and start offering bonuses for your referrals, you’ll be stuck with the same exact offer as tens, hundreds, or maybe even thousands of other affiliates!
So no it’s not “easy” but it’s as simple as it gets.
Is it worth it?
Affiliate marketing is a long-game, and not a way to make money super fast online. If you’re looking to make money fast, I’d recommend selling services to local businesses since it’s higher-ticket!
With that said, it’s absolutely worth it.
I have digital assets that continue to earn me money each month, no matter what I’m doing. Whether I’m golfing, at the beach, or anything in between, those assets are working like a 24/7 salesman!
Sounds pretty great right? That’s because it is, when done properly.
Is it dead?
Affiliate marketing is far from dead. It’s a growing industry and becoming more and more common each year!
It all depends on the strategies you’re using to promote these affiliate offers. Generally, I like to build blogs and other assets that don’t require much work after the initial setup!
Why Affiliate Marketing Won’t Die Anytime Soon
It may be more difficult to succeed nowadays as an affiliate marketer, but that doesn’t mean it’s dead.
In fact, here’s a few statistics that prove the opposite is true.
If you take a look at this graph from Google trends, you can see how much interest their has been in affiliate marketing since 2004:
While it does have it’s peaks and valleys, you can see that it’s been consistently growing for the last few years and been relevant as far back as we can go!
And if that wasn’t enough proof, here’s the statistics on how much is being spent on affiliate marketing each year. As you can see, it’s expected to grow for the next few years!
It’s continuing to grow year after year, so it’s a great industry to get into.
More and more businesses are getting involved with affiliate marketing, including well-known companies like Walmart, eBay, and Amazon to name a few!
Like I said earlier in this post, it benefits all three parties (the affiliate, the company, and the consumer) so it won’t be going away anytime soon.
How To Do Affiliate Marketing The Right Way
If you’re looking to get started with affiliate marketing and serious about getting results, check out my in-depth guide here.
It covers everything I know about affiliate marketing so you can skip years of failure like I had experienced!
Here’s what you’ll learn inside:
- How to find lucrative niches
- Choosing the perfect affiliate program
- Deciding on the right traffic source
- Building an audience that knows, likes, and trusts you
- Mindset switches to become a super affiliate
Grab your coffee or tea, and give the guide a thorough read! There’s a few nuggets inside that are going to be super beneficial.
That’s all I have for this post on whether or not affiliate marketing is dead, hope it helped!