Is Affiliate Marketing Still Worth It in 2024: Here’s Our Take

Affiliate marketing has been very popular in the past. It was a very effective way to talk about affiliates, create additional income, and earn passive income.

However, in recent years, affiliate marketing has ended, and some have begun to find that they should look for other income sources.

But who should we trust? And how can you know the truth?

In this article, you can see our views on affiliate marketing, whether affiliate marketing is worth it, and fai r-time fair data that supports our claims.

“Affiliate Marketing Is Dead”

You may have heard that affiliate marketing is gradually declining (if it has not yet declined).

There are many blog posts about this ...

... and a handful of influencers posting to social media.

But is this just a general opinion, or is it the true truth backed by the facts?

We decided to investigate the actual facts and scrutinize the profits of subsidiaries in recent months to provide the most honest and fair opinions.

The Number of Searches

The first thing I checked was the number searched by the keyword "affiliate marketing".

As you can see, it has increased by 335 % in recent years.

Spending Forecast

There is also a positive tendency for affiliate marketing spending predictions.

Here’s The Final Proof…

81%of brands have used affiliate marketing programs, and 54%of marketing specialists have listed affiliate marketing as the first place for new customers.

Affiliate marketing is not dead!

On the contrary, it is a great opportunity to get on an affiliate marketing train and begin to create stable passive income.

When Should You Consider Affiliate Marketing?

Of course, affiliate marketing is not something anyone can do. If you just want to get cash quickly, it will never work:

• Expect a night success
• Advertise poor quality products
• Do not follow the regulations

Instead, let's list some situations where affiliate marketing should be considered.

#1: You’re Passionate About the Topic/Product

The results do not always come out in a few months. In fact, it takes about 20 months to start earning on a blog.

Without passion, you may not get results immediately, or you may give up (as many people).

In addition, if you work with passion, your motivation will increase and your working hours will increase. I also improve my work. Because you like what you are doing! This is one of the main reasons that 27 % of bloggers have earned their blogs within only six months.

#2: You’re an Expert in the Niche/Product

If you are an expert in your niche, you already have a competitive advantage:

• You can create better, more in-depth content
• You have personal experience with the product or service.

This helps you create higher quality content than what your competitors are producing. And it is this difference that will lead to a ton of traffic in just a few months.

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#3: You Already Have an Audience/Traffic

The hardest part of affiliate marketing is driving traffic to your affiliate products. But if you already have the right amount of traffic, you are already ahead of the curve. This could be a large number of followers on your social media accounts or a large amount of traffic to your blog.

Either way, you can generate traffic revenue and make a lot of money by promoting affiliate links on your social media or blog.

#4: You Sell Complimentary Products

If you already sell products, you can benefit from affiliate marketing and provide your customers with a better shopping experience. All you need to do is find affiliate products that complement your existing products.

For example, if you sell laptops, you can add bags and mice as affiliate products.

This can have a huge impact on your bottom line...

In fact, e-commerce businesses have seen an increase in average order value (AOV) of 10% to 30% just from doing this.

You Also Need the Right Affiliate Program

Affiliate marketing is a great way to earn passive income.

But if you want to get the most out of it, it's important to choose the right affiliate program from the start.

We highly recommend choosing the Amazon Associates affiliate plan.

It is the world's first online affiliate program and the largest on the market. It is also very easy to set up and use, making it perfect for beginners.

Amazon Associates is packed with useful features.

Here are some points we like about Amazon's affiliate programs.

• Easy login. You can access the SITESTRIP tool. This is the banner at the top of each product page, displaying the link option of the product.
• Resource center. There is a resource center with tutorials and hints to succeed Amazon affiliates.
• banner. You can create a banner to advertise a product category or to advertise special events and sales such as Mother's Day.

However, it is true that Amazon provides a function to create a product list, but it looks pretty basic, so we recommend using our AAWP tools.

With AAWP, you can convert the Amazon affiliate list from left image to the right image:

It is very easy to see which ads are the most frequently clicked!

Of course, Amazon is the largest and most popular affiliate program, but there is no "best" affiliate program.

The Pros & Cons of Affiliate Marketing

Affiliate marketing has many advantages and disadvantages. It is important to learn about them in order to judge whether affiliates are the industry they want.

The Pros:

1.

No Physical Products/Services

The biggest advantage of affiliate marketing is that there is no physical product. In fact, you don't actually sell anything.

This is a great thing because it reduces the following problems:

• Opening an online store
• Product shipping
• Refund correspondence

Also, there is no need to worry about out of stock because there is no stock.

2.

No Clients You Need to Rely On

Like most freelancers, there is no risk of losing customers (and all income).

Even if the affiliate program you choose is closed, you can switch to another affiliate program. Therefore, it has excellent stability and reliability and can secure income.

3.

Work Your Own Hours

This professional is especially effective for those who are used to work from 9:00 to 5 o'clock. I have no boss anymore. You can decide on your own, where you work, where to work, or when you don't work.

If you can increase your time enough, you may have more free time to do what you like.

Note: Of course, some people need a boss. Without a boss, you may not know what to do or overestimated. Let's prevent it!

4.

Very Low Startup Cost

Affiliates are not a hig h-risk industry, as they don't have to worry about loss.

In fact, what you need to start an affiliate is as follows:

• computer
• Hosting plan
• domain
• Website

That's it. You can get started with just a few dollars.

But this is not always a good thing. For some, this low risk makes them less willing to invest in the affiliate business and more likely to walk away from it. Fortunately, it's possible to overcome this and succeed, even if you're not like them.

The Cons:

1.

Affiliate Marketing Takes Time

It takes time to learn affiliate marketing and get results.

This is not a "get cash quick" program. I don't recommend it for those who don't want to commit to something for years. You also need to invest a significant amount of time from the beginning, as you will usually be one team:

• Dealer
• Copywriter
• Content writer
• SEO specialist

But you can also take it as a challenge and use your experience as a solo affiliate marketer to feel more fulfilled. All of these roles combined will give you valuable experience that you can use in almost any area of ​​your life.

2.

High Competition

As we said earlier, affiliate marketing is becoming more and more popular. Unfortunately, this means that the competition is getting bigger.

In fact, in some places, it can seem almost impossible to secure the coveted number one spot.

For big highly competitive keywords, we often see 7-8 of the top 10 positions taken by huge companies with over 100, 000 monthly traffic.

You often need to find less competitive positions and keywords to rank for.

How to Choose the Right Affiliate Marketing Niche

It is important to choose a profitable niche so that you can make more profit in a short period of time.

Unfortunately, most people often confuse "niche" with "industry".

When you search for the most profitable blog posts, you will see a graphic with examples of these "niches".

But these are not niches, but rather industries.

A niche is a small part of an industry. For example, if you choose the food industry, your niches could be:

• Vegan pet food
• Vegan pet food for pets
• Healthy middle eastern cuisine

As you can see, these are all very specific.

By focusing on just one small segment of a huge industry, you can set yourself apart from competitors who target the entire industry.

You can also provide more details and rank higher. Furthermore, the competition for highly qualified positions is super low. For example, let's look at the competitiveness of the "food" industry.

There are 362 million blogs.

By the way, if you dig a little further and choose a more specific place / specialized food industry, it will be 15. 7 million blogs, which will be much lower than before.

This process can be focused on a specific industry.

... As you can see, eight results came out.

Now this is the chance to start your blog and make a lot of money. We strongly recommend doing the same thing in the industry you chose.

However, it is recommended that you check the following before jumping in the way:

1. Are you passion or expert on a niche theme? That way, you can provide a real experience and specialized advice that emphasizes your content.
2. There is a clear profit strategy. There are products that can be sold, affiliate programs that can be promoted, and other revenue creation strategies.
3. There are few competitions. The niche you choose is less competitive and should be able to get traffic as soon as possible.
4. There are some traffic. Depending on your position, you may not have enough traffic to increase your profits.

Ready to Start Your Affiliate Marketing Journey?

Affiliates are never dead.

Rather, it is gaining in popularity, making a lot of money, and it is a hot trend to build a passive income flow. But it is not suitable for everyone. If you are looking for a system where you can get cash right away, you will need to look for others.

It is a long process that requires many efforts and patience. But the result is definitely worth it. As the popularity grows, the competition is becoming more intense.

So we will help you!

AAWP is a WP plu g-in designed by Amazon Affiliates to maximize the journey of affiliates and maximize rewards. We provide major tools and functions that help you customize your affiliate ads to get the best results.

These functions not only attract potential customers, but also separate you from other affiliate marketing staff.

Get started with AAWP today and create a winning affiliate site.

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