17 Affiliate Marketing Statistics You Need to Know In 2023

But these samples are usually not large enough to make any reliable estimates. Besides, many affiliates use affiliate marketing as an extra source of income and dedicate only minimal effort on the channel. Some focus on one affiliate program only, while others promote multiple affiliate products through different programs and networks. Companies are heavily investing in affiliate programs to increase the number of leads and sales.

In reality, affiliate income can range from a few hundred bucks per month to six figures per year. The more time you put into your work and the more followers you have, the more money-making potential you have. Explore our collection of free resources designed to help you scale smarter and accelerate your online growth from $1 million to $100 million.

Mobile affiliate marketing statistics 2023

As a matter of fact, 27% of young adults use online dating sites, and even the number of those over 55 years old is increasing. He believes that affiliate marketing keeps him on his feet. It integrates him with the marketing aspects of online marketing. He encourages new affiliate marketers to be creative. He believes that they should look at things from a new angle, a new perspective. Affiliate marketing is a gold mine that often remains unexplored.

More precisely, about a third of affiliates earn $40,000 or less. Around 18.2% of that 30% make less than $20,000 a year. On the other hand, more than 17% make over $1 million. Another prominent trend among US shoppers is checking multiple websites, and 16% of them admit to visiting more than four affiliate sites before completing a purchase.

Though the total number of affiliate marketing programs is hard to estimate, there are a total of 11,400 numbers of affiliate programs in the U.S alone. The world of affiliate marketing is getting competitive day by day. As the number of affiliate marketers is increasing, it is becoming even more difficult to sustain in this space. Most of the affiliates are continuously searching for new opportunities to monetize their blogs and websites.

Affiliate publishers earn an average of $51,000 each year

More smartphone users are involved in the affiliate market. Affiliate marketing drives 16% of eCommerce sales in Canada and the US. Loss due to fraud for advertisers is estimated to reach $100 billion by 2023. Retail accounts for 43% of the affiliate industry revenue.

And when respondents were asked to rank a second answer, affiliate marketing still came out on top at 19%. In addition, 240 more platforms and influencer marketing agencies were created in 2020. Marketers set aside 10% of the marketing budget towards affiliate marketing.

AI and automation will transform affiliate marketing

The report predicted the value to grow to more than $6.8 billion between 2015 and 2020. The digital industry remains one of the industries that benefit massively from affiliate marketing. While advertising provides a bulk of the revenue generated by publishers, about 15% of their total revenue still comes from affiliate marketing.

You will lose 40% of the customers if your site takes over 3 secs to load as they abandon the site. Post Affiliate Pro 79 percent of advertisers attend the events to find the best affiliate partners. Namely, commission for groceries dropped from 5% to 1%, while affiliate cuts for furniture dropped from 8% to 3%.

You’ll achieve an impressive conversion rate while simultaneously establishing the reliability of your personal brand. Depending on the deal, a campaign could consist of a series of product reviews with photos, account takeovers or live videos. Individual sellers and companies offering products or services have to deal with their consumers and ensure they are satisfied with what they have purchased. While these models have diminished in mature e-commerce and online advertising markets they are still prevalent in some more nascent industries. China is one example where Affiliate Marketing does not overtly resemble the same model in the West.

Companies with affiliate programs are looking for affiliate marketers that have already gained the trust of a large audience. Sometimes that means influencers. Travel affiliate programs are another lucrative affiliate program worth trying. It has several niches marketers can explore. For example, the flight tickets industry offers some good commissions. Marketers can get between 1% to 3% in commission.

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Surprisingly, China has not made this list yet, despite being on track to become the largest economy in the world. Affiliate marketing growth has been increasing over the years. There are so many affiliate sites in various industries analyzing affiliate statistics that it’s often difficult to find the official brand website and buy products directly. Affiliate marketing is used by 79% of marketers to engage current customers. 65% of affiliates generate traffic through blogging.

40% of marketers think that affiliate marketing is a crucial skill to have. According to affiliate marketing average income, high earning affiliates make more than $3,000 every day. Although “pay per call” affiliate marketing is more intensive, it’s enjoying a high conversion rate of 10. These affiliate networks are listed in order of market share according to the Alexa top 100. According to 38% of all marketers, affiliate marketing is among the top customer acquisition methods.

The Japanese affiliate marketing market is growing by 15% per year

You don’t need to be an expert. You can become an affiliate marketer without any special knowledge or skills. Just try different ways of promoting affiliate products and see what works.

• What’s more, the conversion rates created by this content focus have increased by 240%.
• Around 84% of content publishers monetize their web traffic by leveraging affiliate marketing.
• Will continue to dominate the affiliate marketing industry.
• Less than 10% of affiliate marketers are responsible for 90% of sales in all affiliate programs.
• When we speak to other affiliates, one of the most common frustrations we hear is a lack of control over what happens to the product.

More than 2 billion individuals have a Facebook, YouTube, or Instagram account. Instagram now has over 2 bil. Active users. With such large numbers, it’s no surprise that affiliate marketers use social media to engage with specialty groups. 57.55% of affiliate marketers earn less than $10,000. Affiliate marketing is still one of the most profitable options for Internet businesses today.

Can you make a living with affiliate marketing?

In second place are sports and outdoor products at 15% and health and wellness at 11%. Video is one of the most preferred content for consumers and one of the fastest-growing trends for affiliate marketers to jump on board with. On eBay, fashion products pay some of the highest commissions, as marketers can earn as high as 70% commission. The electronics category comes next with about 50% commission. Etsy is another fantastic affiliate platform to explore, among others. Coupons are reported to influence people’s purchasing behavior, affecting affiliate marketing sales.

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When you sign up, you’ll also receive regular updates on building a successful online business. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the Affiliate market’s growth. The country section of the report also includes individual market influences affecting current and future market trends and changes in market regulation at the country level. Drop surfing is simply a type of dropshipping business.

Many changes to consumer behavior are likely to continue beyond the pandemic. This is a great time to build your following and start earning money through affiliate marketing. If you’re one of the https://xcritical.com/ people searching this term, take a look at this list of affiliate marketing tips. The article references Kinsta’s affiliate system, but you can use the advice with any type of affiliate link.

6.) Affiliate marketing is seen as a critical skill by 40% of digital marketers. The really great article with full important information. Thanks for a fully compressive guide.