Affiliate Earnings Calculator: How Much Can You Earn Promoting Products and Services?
Want to know how much money affiliates make? We have the answers with an analytical approach on affiliate marketing earnings calculator.
Affiliate marketing is growing in popularity and usage by creators and brands like never before.
That’s why the question of how much money, influencers make through affiliate marketing is something that everyone would love to know.
However, there are so many variables, and determiners to affiliate revenue, that finding an ultimate answer to this question is almost impossible.
That’s why we have decided to dig into the topic and get some insights as to how much money influencers can potentially make through affiliate marketing.
If you are curious to learn more about affiliate marketing calculators, continue reading, and find answers to those long unanswered questions!
What is Affiliate Marketing?
Affiliate marketing is a model of advertising where a company pay creators or third party publishers to promote their products or services.
In simple terms, creators promote a brand (their product or services) and get paid.
Brands will pay creators with a set of requirements that are usually aimed at improving the brand’s overall discoverability, generating traffic to their website, and creating leads for their business.
Here, the creators are considered affiliates.
This initial concept would eventually become a mainstream marketing strategy for brands to promote their products and services.
Anyone that comes across their website can consider applying for the affiliate program, which will be reviewed by a team at the company.
If creators qualify, they will usually be onboarded to join the affiliate program, and get paid!
How Much Money Can an Affiliate Make?
Now that you have a general understanding of how affiliate marketing works, how much money can you make with affiliate marketing is likely to be the next big question?
Affiliate marketing offers unlimited opportunities - there is no limit to how much you can make.
No two creators are the same, and this is pretty much evident when it comes to how much a creator makes through affiliate marketing.
Different niches will also attract different brands that sell entirely different products or services.
This is also a major determiner in adding variations to how much you can possibly earn from affiliate marketing on social media platforms.
The number of followers/subscribers and the reach you generate with each post is also a major deciding factor as to how much affiliate revenue you earn.
With all that said, let’s take a look at how much different types of influencers make on average.
When you are starting out with influencer marketing, the payout will usually not be up to what you expect to achieve. Don’t be disheartened though!
Every influencer that is earning five or six figures started the same and worked their way up.
Start influencer marketing with small deals, and this will grab the attention of bigger brands, and as your account grows, you will start attracting bigger deals.
On average, a beginner affiliate can earn anywhere from $0 to $1000/pm.
Once you establish a base for affiliate marketing and get some initial deals, you will eventually start getting invited for collaborations with bigger brands.
Eventually, the payout will also start getting bigger with each passing day.
The average payout for an intermediate affiliate usually ranges anywhere from $1000 to $10,000/pm.
If you have a loyal following and your videos average at least 50 - 100K views on average, you are considered an advanced affiliate.
Because they get an average of at least 50,000 views by collaborating with an established creator, the payout can be really big.
All the struggles you face as a creator that’s growing up their account will finally start making sense, and you will start earning a stable passive revenue stream.
$10,000/pm to $100,000/pm is the average pay an advanced affiliate can earn by collaborating with brands for affiliate marketing.
Once you get regular affiliate collaborations, you can consider approaching the highest level of brands for collaborations.
These offer some of the biggest payouts when you look at things from a brand’s perspective.
There are no limits when it comes to payout for super affiliates, and you can expect payments that range anywhere from $100,000/pm to above.
What are the Different Ways to Earn Affiliate Income?
There are plenty of ways to generate affiliate revenue on social media.
While you may be familiar with some of these most common methods to create affiliate revenue, like generating revenue through websites, and videos, there are also other unconventional methods.
At the end of the day, what matters is how you convey or sell a product to an audience.
The end objective of any affiliate campaign should be to convince your followers to make that purchase of the product or service you are promoting.
Having a good rapport with the target audience that the brand you are associating with, wants to focus on is key to creating successful affiliate campaigns.
Here are some of the best ways to take on affiliate marketing campaigns.
If you are someone that regularly writes or maintains a blog on WordPress or Blogspot, you are good to consider affiliate marketing through your blogs.
So how do you generate affiliate revenue through blogs?
The idea is simple and pretty straightforward! You write about a product or service from the brand you are associating with.
You will need to add affiliate links, and whenever someone purchases through your affiliate link, you get the commission that was previously agreed upon.
So how do you get affiliate links?
For that, you will need to join affiliate programs of the brands. There are affiliate programs for almost every brand out there.
Apply for the affiliate programs and once you are onboarded, you will receive the affiliate link.
If you are a creator on YouTube, Instagram, Facebook, Linkedin, or any other social networking platform that supports video content, you have plenty of options for affiliate marketing.
The promotion part when it comes to affiliate videos is more or less the same as blogs.
Instead of depending on text like what you would do with blogs, you need to create video content that promotes a product or service.
There are brands, as well as influencer marketing agencies that act as middlemen between brands and creators that are open to collaborations.
You can connect with either, promote a product or service, and earn commission as compensation for the successful completion of the targets the brands set.
You can also add affiliate links in the video description to get further revenue.
Tips to Increase Affiliate Revenue
Regardless of whether you are a creator with hundreds and thousands of followers or someone who’s just starting, there are several ways to improve your affiliate revenue.
Even a beginner affiliate can earn more 1000's of dollars for affiliate campaigns if the content successfully creates consistent engagement and conversions.
That’s why we have you covered with some of the best tips to consistently increase affiliate revenue:
- Optimize Your Content for Search
For any marketing, be it affiliate, traditional, or influencer marketing to be successful, optimization is one of the first things you should be doing.
Regardless of whether you create content as text or video, you need to optimize it to reach the intended target audience.
To get the maximum conversions, you need to make sure that your video is reaching the maximum number of people first.
Adding titles that have good search potential, and using the right feature image or thumbnails, including keywords with high search volume, are all great ways to improve the overall SEO of your content.
2. Choose Products that Match Your Content
You can only get the maximum affiliate revenue from your content if you choose the right product.
When it comes to agreeing on a collaboration, it is important to learn the maximum about the product you will be endorsing through your content.
The main point to consider is whether the audience you have can relate to the products, and consider purchases.
Next, you need a product that connects with your niche in one way or the other.
If you pick a product that does not match your content or niche, you could end up with a product that generates really low conversions.
This would impact how much you earn through affiliate marketing.
3. Share Product Links on Multiple Platforms
Another great strategy to improve the overall discoverability of your affiliate marketing campaigns is to share your affiliate links to multiple platforms.
Most creators would have one primary platform like WordPress or YouTube.
To get the maximum engagement, and conversions to all your social media platforms, you need to be sharing the affiliate URL on secondary platforms where you are not creating content.
If you are a YouTube creator, share the YouTube video along with affiliate links in the description as a post on Facebook.
Add your latest video link or affiliate URL as a clickable link in your Instagram bio, and so on.
At the end of the day, how much an affiliate earns a commission through affiliate marketing comes down to how much engagement and conversion you create.
Focus on improving the quality and search engine optimization to consistently improve your overall performance of affiliate marketing campaigns.