According to research by Influencer Marketing Hub, affiliate marketing spending in the US is projected to reach $8.2 billion by 2022 — showcasing the lucrative potential this channel holds. (Source: Influencer Marketing Hub)
If you want to skyrocket your earnings through affiliate marketing, discovering the right programs is paramount. Here are 5 proven strategies to find affiliate programs that will unleash a torrent of profits:
- Leverage Affiliate Networks Affiliate networks like ShareASale, CJ Affiliate, and Rakuten are treasure troves of affiliate program opportunities spanning every niche imaginable. Vendors list their programs here, providing instant access to thousands of options.
- Tap Into Industry Leaders Analyze the top players in your niche and see if they offer affiliate programs. Industry giants like Amazon, Booking.com, and eBay run highly lucrative affiliate schemes. Aligning with authority brands positions you for greater success.
- Prioritize Relevance The key is selecting affiliate products/services aligning with your audience’s interests and pain points. A mismatched offer, no matter how lucrative, will flop. Constantly survey your audience to pinpoint their most pressing needs.
- Commission Structures Matter While some programs offer palatable commissions, others are stingier. Prioritize those offering 20%+ recurring commissions, as repeat sales amplify earnings. Two-tier programs, paying you on your affiliates’ sales, are golden opportunities.
- Assess Tracking/Reporting Having robust tracking capabilities to monitor performance across traffic sources is crucial. Top-tier programs with real-time dashboards, in-depth analytics and prompt payouts will skyrocket your efficiency and cash flow.
By meticulously researching affiliate programs through these lenses, you’ll unearth income-gushing opportunities primed to send your earnings into the stratosphere.
