Now the one thing that you going to need in order to use Bing of course is an ad budget. However Stephen let me in on a little secret. You see as I said Bing is backed by Microsoft. They are not some start up with limited capital trying to make it. They are a major player looking to take as much of Google’s market share as they can. What this means is that they often give incentives to attract new advertisers. I did not know this (until I watched the training videos) but you can also get an ad credit when you first set up your Bing account. The credit you get is going to depend on the promo they are running and your location but by following the instructions in the Snap Affiliate Profits videos you can likely find a promo for yourself to help you get started. In fact I tried it out myself and within a few minutes I had a code to get a $50 advertising credit. Honestly though even if there is no promo running in your region right now the cost per click is low enough that you can get started with Snap Affiliate Profits at a low enough cost that its not going to break the bank.
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Another survey from VigLink offers a closer look at just how much income affiliate marketers are bringing in. According to the survey, 9% generated more than $50,000 in affiliate income in 2016. The majority, 65%, said they were making between 5% and 20% of their annual revenue from affiliate programs. The survey also showed a link between timeframe and revenues. Among the publishers with the largest revenues, 60% had been utilizing affiliate-marketing strategies for five years or more.
Affiliate marketing is commonly confused with referral marketing, as both forms of marketing use third parties to drive sales to the retailer. The two forms of marketing are differentiated, however, in how they drive sales, where affiliate marketing relies purely on financial motivations, while referral marketing relies more on trust and personal relationships.