Are you thinking about starting affiliate marketing this year? But you wonder, “Is Affiliate Marketing Dead?” right?
If yes, you’ve come to the right place. In this article, I will let you know why affiliate marketing is still on fire, and you will want to start an affiliate marketing business after reading it. Let’s get started!
Is Affiliate Marketing Dead?
Simply put, affiliate marketing will not die in 2023. Currently, 70% of Americans shop online, and you can promote anything you are interested in on your blog. The online-shopping trend will continue for the next decade, so it’s not too late to catch the last train. Affiliate marketing also becomes a cost-effective way to promote a brand. Affiliates promote the products and services to their audience, while companies get sales and reach a bigger customer base with affiliates’ help. It’s like a stone kills two birds. Before doing affiliate marketing, you must learn the correct mindsets for this online marathon.
1. People Shop Online Every Day!
Here are some stats you need to know about global eCommerce sales growth in 2022:
- Latin America saw $104 billion in eCommerce sales, up 22.4% from $85 billion in 2021.
- The Indian eCommerce market is one of the top 5 fastest growing countries globally, with a 25.5% growth in sales.
Right now, 70% of Americans are shopping online. It translates into 230.5 million online shoppers from the US. According to research completed by eMarketer and Statista, online retail sales will reach $6.51 trillion by 2023, with e-commerce websites taking up 22.3% of total retail sales.
That means you can promote products, services, or online training courses that people search for online. The best way to do affiliate marketing is blogging, in my opinion.
Although you can promote your affiliate links on social media first, you eventually need to scale your online business. In that case, why not start a blog in the first place? A blog could be the center of your affiliate marketing business, where you consolidate all information in one place.
2. Affiliate Marketing Is Cost-Effective!
10-20 years ago, companies have to spend huge sums on promoting their brands, and sometimes they don’t even get good results.
“Since 2015, revenue from affiliate marketing programs grows by 10% annually. The projections are this impressive trend to continue at least until 2021.” Market Insider
The rise of affiliate marketing helps companies build brand awareness, get leads, make sales, and profit without spending much money. It indeed becomes a better option than traditional marketing expenses.
If affiliate marketing is dead, giant e-commerce brands like Amazon, Etsy, or Aliexpress will terminate their affiliate programs, right?
3. Seven Right Affiliate Mindsets!
The right affiliate marketing mindset is vital in running your online business. I learned those from my three-year experiences and wished someone had told me when I was a beginner.
Here are the Seven Right Affiliate Mindsets:
- It takes time, effort, and patience for your online success. Don’t expect overnight success!
- Don’t be afraid to invest in a quality platform, tools, and services that help you scale your business.
- Don’t sell before you help your audience, build trust first!
- Focus on learning and improving yourself!
- Take action instead of sitting, waiting, and thinking.
- Be creative, unique, and fast-adaptive!
- Keep creating quality content that answers your audience’s questions
Those mindsets help me overcome challenges throughout my entire affiliate marketing journey. If you write it down in your notebook, those words will stay in your mind and take you toward your online success!
Conclusion
Affiliate marketing is alive in 2023 and keeps growing for the next decade. It’s not too late to catch the last train and promote affiliate products to make commissions online.
I hope my blog post helps you today and you get information on how to focus on your affiliate marketing business. If you have anything to say, don’t hesitate to comment below. I will reply within 24 hours.
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