Today, several questions arise as to why Affiliate Marketing is booming in the 21st century specifically.
First thing first, keep in mind that Affiliate Marketing has been around for a while now and many people have been taking advantage of it.
In this article, you are going to find out three reasons why affiliate marketing is booming and has become the fastest-growing industry on earth.
- Why Affiliate Marketing is booming in the 21st century?
- The evolution of technology
- The pandemic
- Low barrier to entry
- Final Thoughts
Why Affiliate Marketing Is Booming In 21st Century
Affiliate Marketing is booming in the 21st century due to three main reasons such as the easiest access to the technology and its evolution, the pandemic and the fact that it has a low barrier to entry.
Those three reasons are the main ones and in a few moments, I am going to explain them in the easiest way possible.
1-The Evolution Of Technology
If you look back 50-100 years ago, the world was nothing like today where almost everything is done digitally.
Technology has evolved so much that someone can be sitting in their room, order some sushi online, and receive it on their door.
More, today, you can purchase anything you like online and get it delivered to you wherever you are in the world. You can be in France and order a pair of socks in Japan.
The evolution of technology has not only allowed people to purchase items online but has also helped thousands of people earn money on the internet.
Of course, there are several ways to make money online. But Affiliate Marketing is the easiest.
Companies realized that they don’t need to do huge marketing after creating a product to make sales. They decided to compensate whoever will bring traffic to them.
Some people then realized that it was possible to earn a few bucks only by referring others to a particular product.
A win-win for both parties.
Affiliate Marketing online was born.
If you noticed, I said, “Affiliate Marketing Online”… That’s because Affiliate Marketing doesn’t only exist online.
We have all done affiliate marketing in our life.
If you have ever referred someone to a product, service, then you did affiliate marketing without realizing it and without even earning something for it.
You got a nice haircut and a friend asks you where you got that from, you are going to refer them to that barber… This is affiliate marketing.
Anyways, this was just a brief parenthesis. But you understood that technology is the principal reason why affiliate marketing is booming in the 21st century.
Access to the technology has become easier and more available to a broader audience
We can not talk about affiliate marketing booming without mentioning the pandemic.
Due to the pandemic in 2019, several people have lost their jobs and they have been forced to search for other ways to generate income.
Being in quarantine for weeks and months, some people have decided to use their smartphones or laptop to earn money from the comfort of their homes.
The good thing about affiliate marketing is you can do it wherever you are in the world, as long as you have a phone/laptop and an internet connection.
Even though the pandemic has brought a negative impact, however, it has brought positivity as well.
Let me explain.
Many people have spent their entire life working under someone(9 to 5 jobs). Yes, that type of job where you have to wake up every morning and go to. Those jobs that most people hate but have to do, otherwise, they cannot have money.
But when the pandemic started and thousands of people lost their jobs, they have been more open to trying new things.
This involved finding something that could make them money while they sleep or are on vacation, without having to wake up every morning to go to a job that they hate.
By working online, they gain more freedom and more time to do other things.
So, the pandemic has pushed people to the online world, which is positive because the online world has allowed them to become financially independent.
Actually, The number of people that have started an online business since the rise of the pandemic have exponentially increased.
A good example is an influencer and TikToker Khaby Lame.
You probably know or have heard of him.
He lost his job during the pandemic and then started making funny videos on TikTok… The rest is history. He is now making hundreds of thousands of dollars on social media.
Many people have had the same success in the affiliate marketing world after the pandemic.
Now let’s have a look at the last reason.
3-Affiliate Marketing Is So Simple(Low Barrier To Entry)
Whether you are an expert or a newbie, whether you know a lot about computers or not, anyone can do affiliate marketing.
If it wasn’t so easy to get into that industry, affiliate marketing would not be booming in the 21st century.
Here are the affiliate marketing features or benefits you should know:
- You don’t have to create your own product.
- Anyone can do it.
- Low barrier of entry.
- Practically zero dollars to start.
- It can make you fire your boss.
- You can do it in three ways such as social media, your own website, and Youtube.
In the 21st century, affiliate marketing is booming and keeps growing exponentially.
The number of people joining this business model keeps increasing due to his low barrier of entry with practically no upfront cost.
Are you already taking advantage of affiliate marketing? If not, what are you waiting for?
It is never too late. Plus, the industry is so huge that you can also get a piece of the pie.
So, do not think it is already saturated and get on board now.
Hope you have gained value from this article.
If you have any questions, please do not hesitate to leave them in the comment section below and I will get back to you ASAP.