In the US, popular social media platforms generate around 20% of their ad revenue by participating in affiliate marketing programs. The recent statistics also show that around 16% of all orders placed online originated from an affiliate’s marketing link shared with the public. The programs have become so popular that average consumers have signed up for the programs.
What is Affiliate Marketing and How Does It Work?
Essentially, a consumer or business owner signs up to become an affiliate for any company. The user shares a URL provided by the company on their blog, website, or social media profile. Each time that a viewer clicks on the link, the user earns residual earnings. However, some affiliate programs require a sale for each click before the affiliate earns any money. Select companies offer a set commission rate and require a minimum purchase.
What is It Popular?
Consumers earn residual income by becoming affiliates which is reason enough to consider the opportunity. However, consumers get to choose what products and companies that help through the marketing strategy. If the consumer doesn’t believe in the product or company, they don’t have to become an affiliate and won’t face any ethical concerns by gaining revenue shares.
How Does It Help Companies?
Affiliate marketing is a low-cost solution for companies. There isn’t a limit on how many affiliates a company can use. The owner could literally gain hundreds if not thousands of affiliates each day. Even if the affiliates never earn any money, the companies gain immediate and long-lasting exposure through the programs.
Do Consumers Need Experience of Expertise?
No, the process is simple and doesn’t require any special skills. Consumers copy and paste the provided URL on their intellectual property online. The ads appear as a hyperlink, and viewers click on it when visiting the consumer’s website or blog.
In the US, affiliate marketing programs offer residual income for minimal effort. Consumers who sign up for the program receive a link that is shared on their online property. Revenue shared are accumulated according to how often shoppers click on the links and complete purchases. Consumers or businesses that want to learn more about the programs read affiliate marketing statistics now.