How much can we earn from digital marketing? In my previous article I discussed how to earn from digital marketing at home, even without anything of your own to sell. This is done through the selling of other people’s products – a business model called affiliate marketing. With affiliate marketing you get performance related pay. This means if you sell something, you get paid. But if you don’t sell, you earn nothing!
Top affiliate marketers can earn tens of thousands of dollars every month. But many affiliates struggle and earn nothing, or very little. The longer you stick with it, the better your chances of success. But there’s a few other things which “tip the balance” when it comes to earning from the sale of other people’s products. One of them is the product/s you choose to sell. The other is of course the method of marketing. Your tenacity and drive is a big factor too. Around 95% of affiliate marketers quit, so you’ll need a strong motivation to succeed.
How Much Can We Earn From Digital Marketing – Products To Sell
Most new affiliates head straight over to Amazon and choose to sell something off the site. Amazon is a hugely popular site, and well trusted. Most people are now happy to shop from Amazon, and its affiliate program is one of the best known. But Amazon’s commissions are very small. You can earn as little as 1% on a product sale off the website. So if you’re selling low value products such as a $100 item, you’ll earn only $1 per sale. That’s hardly going to make you an overnight success!
The most profitable items to sell on Amazon are the more costly ones or those which pay larger commissions. But Amazon Games pays the most at 20% (at the time of writing) and items are fairly low cost.
So what’s the answer? One answer is to choose high ticket affiliate marketing products which carry larger costs and pay affiliates larger commission percentages too! Here’s an example of a high ticket item selling at $190,000! An 8% commission means you can earn $15,200 from a single sale.
Another answer is to choose affiliate products which pay out recurring commissions. These are products which carry subscriptions or memberships such as software or training products. A few sales of a membership or software product can mean a nice monthly recurring income, rather than a “one off”.
How Much Can We Earn From Digital Marketing – Choose Products Wisely
Most types of affiliate products only pay you once. They offer “one off” commissions. But some offer recurring commissions. So often with the same amount of work you can earn a lot more. Choose wisely! If you learn how to sell recurring commission products, you’ll be in a better position to earn more per sale once you figure out a marketing strategy which works!
High ticket products are a good idea too. To earn the same as a high ticket sale, you may have to sell hundreds or even thousands of low valued products, which is much more difficult.
The top earnings in affiliate marketing have this figured out. They choose the best paying affiliate programs which offer high ticket commissions and recurring commission products. Digital products too pay much more than physical products. Typically digital products pay between 30% and 40% commissions compared to 1%-10% for most physical products.
Marketing Strategy
Your marketing strategy too will have some say in how much you can earn from digital marketing. With a slow strategy, such as blogging, it can take months of work before you realise an income from affiliate sales. But with paid marketing methods you can see results much more quickly.
One of the best ways to sell affiliate products online in through the use of email marketing. With email marketing, you can collect thousands of subscribers on an email list. By sending automated messages out to your list, you can sell many products through just one email! See also email marketing for small businesses.
I’m a blogger, so I create content on websites to attract potential customers from the search engines such as Google. But there’s other faster ways to attract an audience with affiliate marketing. Many affiliates use marketing platforms where they can reach an audience quickly. Google Adwords, YouTube, Bing Ads (Microsoft Ads) are all advertising platforms used by affiliates to drive targeted traffic to their products; either directly or through email marketing using a landing page.
Summary
So, how much can we earn from digital marketing? Well, digital marketers earn a broad range of incomes varying from absolutely nothing all the way up to tens of thousands of dollars every month. How much you earn largely depends on the business models you use, the marketing methods you employ and your dedication to learning the tools and mindsets necessary for online success.
There’s a 95% drop out rate among affiliate marketers so you’ll need to be in the small minority of those who choose to never quit, however difficult it seems. Longer terms affiliates are the ones who tend to make more money and initially it’s much more difficult because you’re up against marketing experts who have built an audience over time. See also affiliate marketing success rate.
Get help and support with a from scratch affiliate business here.
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