40% of marketers consider affiliate marketing to be an essential skill worldwide.

According to Survey made by Enterprise Apps Today, Affiliate marketers use affiliate marketing to increase brand awareness for 83%, while 79% use it for customer engagement.

Enterprise Apps Today further explains a few points in its statistics on Affiliate Marketing. These are:

• 81% of businesses use affiliates to increase revenue.
• Affiliate marketing currently has a market value of $12B.
• Affiliate programs account for 30% of the company's revenues.
• Advertisers and marketers may be able to make sales with affiliate programs, which can result in sales of between 15%-30%
• Only 3% are affiliate marketers who earn more than $150k annually. 48.36% of them make $20k a year.
• Affiliate marketing is 15% of the company's marketing budget.
• 84% use affiliate marketing to monetize the traffic to their sites.
• Affiliate marketers often only promote 1-10 products.
• 84% percent of bloggers use Affiliate marketing to grow their audiences.
• Affiliate Marketing is used to great effect by 84% percent of publishers.

Affiliate Marketing is a highly lucrative industry online. It can be confusing to choose the best affiliate program for your company from so many. Here are our top ten affiliate categories, based on which we feel are most profitable and useful for small businesses. These categories will suit any business, whether you're new to the industry or an experienced one.

According to the Datanyze report, Amazon Associates has the largest market share at 39.42%

Conclusion

Solo entrepreneurs or companies can both make a lot of money through affiliate marketing. Affiliate marketing is an excellent way to generate passive income. You should give affiliate marketing a try. You have nothing to lose, but you could be able to benefit from affiliate marketing. The How to start a Blog guide, which is the most critical step on an affiliate journey, can be found here.