Let me guess…
You’re on the brink of venturing into affiliate marketing. Or maybe, you just launched your very first affiliate business.
Whatever the case, you seem to be having some burning unanswered questions about affiliate marketing.
If that’s the case, you’re in the perfect place!
This article is dedicated to providing in-depth answers to some of the most frequently asked questions about affiliate marketing so that you gain a better understanding of what this money-making model is, how it works, and how you can utilize it towards building an income online!
Without further ado, let’s dive deeper.
19 Affiliate Marketing FAQs
1. What Is Affiliate Marketing?
Affiliate marketing is an online monetization model that involves promoting already existing products or services on one or more digital marketing channels in exchange for receiving a portion of the profit, or else a commission, for each sale generated via your own unique affiliate links.
2. How Does Affiliate Marketing Work?
You sign up for a the affiliate program of an online merchant.
The merchant gives you a unique affiliate link that’ll redirect anyone who clicks it to their online store.
You start sharing your affiliate link throughout your digital marketing assets (blog, YouTube channel, social media page, etc).
When someone (let’s call him “John”) clicks on your affiliate link he’ll be sent to the merchant’s online store.
The merchant recognizes that John landed on their online store after clicking on your affiliate link.
If John makes a purchase on the merchant’s online store, the merchant will pay you a commission.
For a more in-depth look into affiliate marketing’s mechanics, make sure to check out How Does Affiliate Marketing Work?
3. Can You Really Make Money With Affiliate Marketing?
Yes, making money with affiliate marketing is definitely possible!
Truth is that millions of people, including me, generate hundreds or maybe even thousands of dollars of affiliate commissions per month as we speak.
At the time I’m putting together this article (July 2021), my affiliate endeavors bring in anywhere between $1000 and $2500 per month!
Right below, you can take a look at a screenshot of my PayPal account displaying the $2000 in affiliate commissions I generated last month (June 2021).
Based on statistics, the worldwide spend within the affiliate marketing industry is expected to surpass $30 billion by 2025.
4. How Much Money Can You Make With Affiliate Marketing?
On average the yearly earnings of novice affiliate marketers can range from $20,000 at the low end to $75,000 at the high end. Most well-established affiliate marketers generate incomes that can fluctuate anywhere between $100,000 and $1,000,000 per year.
According to a roundup of affiliate marketing stats I published a while ago, 13% of all affiliate marketers earn over $75,000 per year.
Let’s take a closer look at the commissions generated by a few seasoned affiliate marketers.
- Pat Flynn: $100,000/month
- Tom Dupuis: $150,000/year
- Doug Cunnington: $70,000/year
- Alex Nerney: $35,000/month
- John Miguel: $50,000/month
5. How Long Does It Take to Make Money With Affiliate Marketing?
Most affiliate marketing businesses generate their first money 3 to 6 months following their initial launch.
After that, money trickles in sporadically until the business hits its 1-year mark. It usually takes 12-18 months for an affiliate business to start yielding $1000 per month and 18-24 months to reach a full-time income.
The aforementioned timelines aren’t definitive but rather based upon projections that reflect the growth of an average affiliate business.
Your own timeline could be shorter or longer than expected depending on so many different factors that it would be nearly impossible to accurately pinpoint it…
6. Is It Hard to Make Money With Affiliate Marketing?
Making money with affiliate marketing can be hard, especially if you’ve never pursued similar ventures in the past.
Just like with any worthwhile achievement, succeeding as an affiliate marketer involves a steep learning curve and tons of trial and error.
However, having the right guidance and tools could shorten and smoothen the entire process.
Ultimately, the difficulty of every person’s journey to building an income online with affiliate marketing could vary greatly depending on a vast range of factors, such as:
- Quality of Work
7. How Much Does It Cost to Start Affiliate Marketing?
The basic costs of getting started with affiliate marketing could range anywhere between $0 and $350 mostly depending on the type of traffic and the online assets you utilize to get the affiliate offers you promote in front of your target audience.
On top of that, you might end up having additional optional expenses usually associated with purchasing resources that could help you smoothen out, speed up, and boost the progress of your affiliate business, such as:
- & Outsourcing
8. How Long Does It Take to Be a Successful Affiliate Marketer?
Most affiliate marketers start generating their first profits 3 to 6 months after launch. Over the course of the next 6 months, affiliate commissions trickle in sporadically.
By months 12 to 18, most affiliate businesses yield around $1000 per month. Reaching a full-time affiliate income sooner than 18-24 months in business is rather rare.
Your own timeline to reaching affiliate success could be a lot longer or maybe even shorter than projected depending on numerous factors, such as:
- Your definition of success
- The resources you possess
- Your target niche
- Type of web traffic you utilize
- & more
9. Is Affiliate Marketing Really Profitable?
Yes, affiliate marketing can be very profitable assuming that you invest the required amounts of time, effort, and money.
According to statistics, affiliate marketing is the 3rd largest source of online sales after organic and paid search, contributing to 15% of all digital media revenue.
Furthermore, as previously mentioned, 13% of all affiliate marketers earn more than $75,000/year.
A poll held on the STM Forum revealed that out of the 117 affiliates polled, 71 were making over $81,000 in yearly affiliate commissions.
Those numbers are solid proof that affiliate marketing is one of the most profitable MMO (Make Money Online) models that currently exist.
10. What Are Some of the Benefits of Affiliate Marketing?
Some of the most prominent benefits of the affiliate marketing business model include, but are not limited to:
- No Investment in Product Creation
- Zero Product Handling & Customer Support
- No Physical Setup
- Minimal Start-Up & Operational Costs
- Passive Income Potential
- Requires No Technical Background
- Location Independence
- Time Freedom
- A Profession You Love
- & more
11. Is Affiliate Marketing Worth It?
In my opinion, the benefits along with the income potential associated with being a successful affiliate marketer are definitely worth all the troubles involved in reaching them.
12. Do I Need to Buy an Affiliate Course to Succeed?
No, you’re definitely not obligated to purchase an affiliate course to succeed as an affiliate marketer…
There are literally countless resources online (e.g. videos, blogs, podcasts, forums, etc) that could help you launch, manage, and scale your own successful affiliate business from scratch.
However, it’s worth noting that having access to high-quality, structured guidance could shorten your learning curve, minimize trial and error, save you immense amounts of frustration and disappointment, speed up your progress, and significantly increase the chances of taking your affiliate business to success!
Having said that, here’s a roundup of The Best Affiliate Marketing Courses I’ve personally come across that have a proven track record of delivering amazing results!
13. Is Affiliate Marketing Saturated?
No, affiliate marketing isn’t saturated by itself but it can be perceived as such depending on the niche you’re pursuing…
For example, it’s only natural that the higher the profit potential of a niche, the more aspiring affiliate marketers will be attempting to break into it, thus increasing its saturation.
Some of the most saturated affiliate niches are:
- Health, Fitness, & Weight Loss
- Personal Finance & Making Money
- Dating & Relationships
- Beauty & Fashion
- Technology & Gadgets
While launching an affiliate business in a saturated niche is totally impossible, taking to success will probably require the investment of much more time, effort, and money.
14. Is Affiliate Marketing a Scam or Legit?
No, affiliate marketing isn’t a scam…
On the contrary, it’s a perfectly legit business model used by thousands of companies towards extending their reach and millions of ordinary folks towards building an income online with minimal monetary investment.
Some of the most notable companies that are currently running affiliate programs are:
- & more
Moreover, affiliate marketing is being leveraged by more than 84% of all US-based publishers (bloggers, YouTubers, influencers, etc) towards monetizing their content.
Having said all that, if affiliate marketing was a scam, no company, advertiser, or publisher would ever invest their precious time, energy, and money in utilizing it.
15. Is Affiliate Marketing MLM?
No, affiliate marketing doesn’t exhibit any of the defining characteristics of Multi-Level Marketing…
First, it doesn’t involve any recruitment whatsoever. Secondly, affiliate success depends on actual retail sales not building a downline.
Also, unlike MLM, 99.9% of all affiliate programs out there are completely free to join and involve zero ongoing expenses.
Lastly, affiliate marketers don’t get paid based on the sales of other affiliate marketers but rather only on the retail sales they personally generate.
Having said all that, affiliate marketing is NOT MLM.
Whoever thinks otherwise has no clue about either what affiliate marketing or what MLM really is.
The two models have literally nothing in common.
16. Is Affiliate Marketing a Pyramid Scheme?
No, affiliate marketing is not a pyramid scheme in any imaginable way.
Whoever claims otherwise has no clue about either what affiliate marketing or what pyramid schemes really are.
Yes, some aspects of the two might seem similar but they have literally nothing in common.
17. How to Make Money With Affiliate Marketing?
The process of leveraging affiliate marketing towards building an income online is comprised of 4 simple steps.
- Pick a Niche
- Build Online Assets
- Gather Web Traffic
- Promote Affiliate Offers
18. Can You Start Affiliate Marketing With No Money?
The startup costs of affiliate marketing are inherently significantly lower than the costs associated with other business models, especially those that involve product creation, maintaining inventory, packaging & shipping, customer service, etc.
As such, affiliate marketing can be easily categorized as one of the most affordable online business models out there.
And if you play your cards right, you might be able to launch and scale an affiliate marketing business without spending a single dime.
However, every upside has a downside…
Ultimately, the less money you invest in your affiliate endeavors, the more time and effort you’ll be required to put in to reach your financial goals.
19. How Do Affiliate Marketers Get Paid?
Most online merchants pay their affiliate marketers on Net 7, Net 15, Net 30, Net 45, or Net 60 terms using one of the 5 following payment gateways:
- Bank Wire Transfer
Hopefully, this roundup of affiliate marketing FAQs did deliver some sufficient answers to any given inquiries you might have had.
If you happen to have any additional questions that weren’t covered, please let me know in the comments right below or contact me right here and I’ll do my best to provide you in-depth answers that would help you gain a much better grasp of the affiliate marketing industry as a whole.
I’ll be more than happy to help you out!
All the best,
Harry, Founder & Editor at dearboss-iquit.com