Discover how you can improve your affiliate marketing monthly income!
When you first heard about becoming an affiliate marketer, you probably encountered hundreds of ads and natives promising you a rags-to-riches, modern-day Cinderella story. They have more than likely sworn up and down that affiliate marketing is the easiest way to make money online and become self-employed. While fantasies are nice to have, we must be more realistic.
Although most affiliates are not multi-millionaires and actually have to work hard to get their desired results, it does not mean you cannot make a great primary or secondary income through affiliate marketing.
Learn how much you can potentially earn through your affiliate business below!
What’s the Average Monthly Income?
So, let’s tackle the biggest question on everybody’s mind first. According to our friends over at Taboola, the average affiliate makes about $51,217 in passive income per year based on PayScale’s findings. Lower-tier affiliate marketers make about $37,000, and top-tier affiliate marketers make an average of $71,000.
On the other hand, ZipRecruiter found that higher-tier affiliates make around $154,000 a year and quoted the affiliate marketing average income at $12,900. Glassdoor gave an estimate of $65,000 for the average Joe’s yearly revenue.
Any way you cut it, there is quite a bit of money to be made in this field, and with the different geo-locations around the world and numerous niche markets, you will have your hands full of options to choose from.
What are the Biggest Factors?
The most influential factors affecting an affiliate marketer’s income per month or year are the following:
- Who is their target audience? (tier 1, 2, or 3 countries, age, average income, etc..)
- What is their niche market of choice? (online trading, Nutra, dating, eCommerce)
- What traffic source are they using? (Facebook, Google ads, Natives, YouTube, etc..)
Based on the answers to the three questions above, the quality of your affiliate traffic, the number of leads, and the number of FTDs will significantly vary. As we have mentioned before, you need to adjust your affiliate marketing campaigns to your platform and target audience of choice.
Some target audiences are easier to convince than others, and their most populated platforms will determine how you approach and ultimately convert them into your loyal clients.
How can I make More Money as an Affiliate Marketer?
You first need to make sure your creative campaigns are up to par, whether it means improving your visuals or your content. High-quality offers are a surefire way to draw more relevant affiliate leads and, thus, increase your profits towards reaching (and even exceeding) the affiliate marketing average income. To achieve this goal, you need to ensure that your creative materials catch the attention of your target audience for all the best reasons.
Another great way is to join an award-winning, industry-leading affiliate network such as ROI Collective. Not only can we help you expand the list of the brokerages you work with, but we can also guide you through improving your campaigns’ performance. Unlike many of the affiliate marketing programs out there that lack transparency or offer low payouts for your traffic, we often work out deals that are better paying than some of the top affiliate programs on the market.
Choosing the right partners to accompany you on your journey through the digital marketing jungle is your ticket to exceeding the affiliate marketing average income.