They say the numbers never lie, and that indeed holds if the Blogging Affiliate Marketing Statistics are anything to go by.
It is projected that affiliate marketing will grow by about 10% by the end of 2020. This is notwithstanding the global pandemic that has crippled the global economy.
It is apparent that the pandemic in a way has boosted greatly online purchases since social gatherings and cash purchases are hugely discouraged. This in a way will contribute to bigger sales by the end of 2020.
1. One of the Fastest Growing Programs
Since its inception, affiliate marketing has grown rapidly and shown no signs of stopping. As a matter of fact, eCommerce has catapulted this growth over the years. Revenue growth in AM has experienced an increase annually since 2015. It is expected that the year 2020, 2021, and beyond shall experience an upward trend.
2. Affiliate Marketing is Huge
The massive affiliate marketing industry was valued at $12 billion at the end of 2017. It is estimated that its worth might pass the trillion mark by the end of 2020. The US and the EU are at the top when it comes to AM. This can be attributed to the fact that online trade stands at the top in these markets.
3. Reliance on Affiliate Marketing
It is a fact that 81% of top global brands rely on affiliate marketing. It is a more effective advertising channel since the advertiser will only pay for what they have received. It is particularly popular among publishers and e-commerce sites.
4. Web Hosting takes the Lead
According to Blogging Affiliate Marketing Statistics, the best affiliate programs are hosting sites. This being a highly competitive field demands smart marketing strategies. Affiliate marketing is definitely the go for solution for web hosting sites.
5. No Age Bias
Surveys conducted have shown no bias based on age when it comes to affiliate programs. It is an industry that accommodates all ages. A majority of affiliates engage in affiliate marketing as a side gig and a few do it full time. It is popular among the young and old as well. a study done in 2016 showed a majority of affiliates are within the ages of 25 to 54.
6. Blogging Affiliate Marketing Statistics Conversion Rate
Verifiable stats attribute a 1% conversion rate to affiliate marketing. This may seem too low but given the huge online market, one can easily make a killing if they have a huge audience.
Interestingly, those affiliates that make huge sales subscribe to more than one network. Remember publishers and brands use more than one network. Why should you not?
These are 6 Blogging Affiliate Marketing Statistics that can give you a faint picture of what is happening in the affiliate marketing space.
Please find out more about this massive industry that has shown no sign of slowing down. If anything, we expect things to be much better by the end of 2020 and beyond. You can sign up for a free wealthy affiliate account through this link.
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