Your business niche is among the top niches that are profitable and considered not as competitive, making them the best niches in affiliate marketing. That is because they have many sub-niches within that are feasible for a beginner to compete in based on average traffic. All of these affiliate marketing niches have a combination of low competition, high traffic, and strong income potential Source: Ahref, https://ahrefs.com/blog/affiliate-marketing-niches/
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From a mere $1.7 billion in 2016, influencer marketing grew to have an estimated market size of $16.4 billion in 2022. Furthermore, it jumped 29% to an estimated $21.1 billion in 2023. The amount of spending and growth in influencer and overall affiliate marketing demonstrates its value in generating solid revenue and growth potential for businesses Source: Influencer Marketing Hub, https://influencermarketinghub.com/influencer-marketing-benchmark-report/
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Your business niche is among the top revenue generating niches in affiliate marketing making it a very lucrative sector. Additionally, these niches on the chart are all part of the fastest growing and dynamic products industries in affiliate marketing. Overall, affiliate marketing continues to see an increase of 16% spending year over year
Source: PMA Performance Marketing Study, https://thepma.org/wp-content/uploads/2022/08/PMA-Industry-Study-2022.pdf, Influencer Maketing Hub, https://influencermarketinghub.com/affiliate-marketing-stats/
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Your business niche is among the fastest-growing product categories in the affiliate marketing world and offers the big opportunities to grow your revenue! It is among the niches that are considered the top revenue growth industries in affiliate marketing based on percentage change to prior years.
Source: Kinsta, https://kinsta.com/affiliate-academy/affiliate-marketing-statistics/#:~:text=The%20highest%20share%20of%20affiliate,%25%20and%20travel%20with%2016%25, emarketer, insightintelligence.com, https://www.insiderintelligence.com/content/podcast-the-ad-platform-what-advertisers-need-know-about-affiliate-marketing%E2%80%9D
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Source: PMA Performance Marketing Study, https://thepma.org/wp-content/uploads/2022/08/PMA-Industry-Study-2022.pdf, Influencer Maketing Hub, https://influencermarketinghub.com/affiliate-marketing-stats/ Source: Kinsta, https://kinsta.com/affiliate-academy/affiliate-marketing-statistics/#:~:text=The%20highest%20share%20of%20affiliate,%25%20and%20travel%20with%2016%25, emarketer, insightintelligence.com, https://www.insiderintelligence.com/content/podcast-the-ad-platform-what-advertisers-need-know-about-affiliate-marketing%E2%80%9D https://www.luisazhou.com/blog/affiliate-marketing-statistics/ |
Here's What your Competition is Doing
- 80% Run an Affiliate Marketing Program
- 69% Increased Influencer Marketing Spending in 2023, 65% Increased Other Affiliate Marketing Spending
- 95% with an Affiliate Marketing Program Said It was Somewhat Successful, Successful or Highly Successful
Source: Kinsta, https://kinsta.com/affiliate-academy/affiliate-marketing-statistics/#:~:text=The%20highest%20share%20of%20affiliate,%25%20and%20travel%20with%2016%25, emarketer, insightintelligence.com, https://www.insiderintelligence.com/content/podcast-the-ad-platform-what-advertisers-need-know-about-affiliate-marketing%E2%80%9D LinkedIn, https://www.linkedin.com/pulse/10-mind-blowing-influencer-marketing-statistics-you-need-marketing/ https://www.luisazhou.com/blog/affiliate-marketing-statistics/
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Source: PMA Performance Marketing Study, https://thepma.org/wp-content/uploads/2022/08/PMA-Industry-Study-2022.pdf, Influencer Maketing Hub, https://influencermarketinghub.com/affiliate-marketing-stats/ Source: Authority Hacker, https://www.authorityhacker.com/affiliate-marketing-statistics/ CO, https://www.uschamber.com/co/start/strategy/b2b-vs-b2c#:~:text=B2B%20and%20B2C%20are%20two,individual%20as%20the%20end%20customer. https://www.luisazhou.com/blog/affiliate-marketing-statistics/ |