Start An Affiliate Marketing Business - Business Ideas

Start An Affiliate Marketing Business - Business Ideas
Start An Affiliate Marketing Business

Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.

Starting an affiliate marketing business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell affiliate marketing services, or selling affiliate marketing services online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an affiliate marketing business ➜

Key Stats

market size
$17B
revenue (monthly)
$290K
starting costs
$11.7K
gross margin
90%
time to build
210 days
growth
SEO
business model
Subscriptions
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Employee & Freelancer Expenses $150 $250
Website Costs $223 $7,015
Business Formation Fees $600 $4,700
Software Expenses $162 $2,894
Advertising & Marketing Costs $0 $1,400
Total Startup Costs $1,135 $23,259

Successful Businesses

Business URL Rank
LS Trading and Marketing instagram.com/tradingwithlins #7
BowTied Opossum bowtiedopossum.substack.com #572
ShareASale shareasale.com #1,927
Rakuten Advertising rakutenadvertising.com #10,329
WebRevenue webrevenue.io #17,841
Making Sense of Cents makingsenseofcents.com #37,734
Side Hustle Nation sidehustlenation.com #41,018
Casino Guru casino.guru #48,412
eBiz Facts ebizfacts.com #54,097
Lasso getlasso.co #57,739
OneHourProfessor.com onehourprofessor.com #64,298

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a affiliate marketing business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.
Rewarding work Starting a affiliate marketing business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
No overhead costs To get your affiliate marketing business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
Cons Description
Crowded Space Competition is high when it comes to your affiliate marketing business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Longer Sales Process A affiliate marketing business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Work can be inconsistent As a affiliate marketing business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Lack of benefits With a affiliate marketing business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a affiliate marketing business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a affiliate marketing business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

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