The affiliate marketing industry has grown by leaps and bounds in the last ten years…due to the growth in the number of bloggers(publishers) in the industry… which is 12% since 2015.
Today affiliate marketing is an estimated $6.8 billion dollar industry and is expected to grow to $.2 billion by 2022.
And there are a number of reasons for this growth.
One reason is the growth of social media. Social media gives affiliate marketers more ways to promote products/services. About 45% of the world’s population uses social media with the average time spent on it being about 2 and a half hours a day.
When you think of the numbers associated with social media, you can see why this is a great way to promote your products/services. For instance, Facebook alone has 2.37 billion monthly active users from the ages of 13 to 65, and they use it on a daily basis.
And then you have Instagram with 1 billion active monthly users with 500 million using it daily.
You ad that with the likes of Twitter, Linkedin, Snapchat and the rest of the social media sites, you can see how social media is affecting the growth of the affiliate marketing industry.
One more reason for the growth in this industry is the growth in mobile phone use.
Today there are an estimated 5.11 billion unique moble phone users on the planet. And 63% of them use it to access the internet. Because of this, mobile devices are used for over 40% of online transactions and this number is continually growing.
Businesses are seeing the vast amount of opportunities to reach consumers.
Mobile data traffic was projected to increase seven-fold between 2017 and 2022.
It’s why marketers and advertisers are putting 51% of their marketing buget into mobile devices.
With that being said, lets get to what the title of this article is about…”Why the next 10 years will smash the last 10.
And the number on sole reason the last 10 years won’t compare to the next 10 is…
A. I. (artificial intelligence)
A. I. is swiftly disrupting every aspect of our daily lives…and the affiliate marketing industry is included.
An affiliate marketer has to do research on the products/services that they’re promoting and the targeted audiences they are trying to promote to. This takes time because your’re collecting and analyzing tons of data.
With A.I. the hours it takes to collect and analyze all the data you need in order to be successful will be a thing of the past. A. I. will not only be able to speed the process, but you’ll be able to automate it and get answers to very important questions in your marketing strategies…questions like: What steps should I make nest? or. What actions give me the best chance of success?
Affiliate marketers who don’t incorporate this technology in their marketing strategy will be at a large disadvantage.
One of the greatestes advantages of A.I. in your marketing strategy is it’s ability to digest large amounts of data an use that data topredict consumerd behavior at lightening speed.
For those of you who are not in the position to incorporate A.I. in your marketing strategy at this time, I’ll just say, get your affiliate marketing business going now so in the future you’ll be able to incorporate it in the future.
Other advantages of incorporating A.I. are removing the chances of errors, brings forth things you’ve might have overlooked because of the acuracy of the data, gives you the time to fous on other areas of your business due to the time saved in collecting and analyzing data and maeks a significant difference to the customer experience and ROI.
Here’s an example of the…
Speed of A.I.
Your typical marketing campaign that brings in thousands of sales is based on the research of hundreds even thousands of pre-sale activities such as customers clicking through various links. This can be a lot of time consuming data to sift through. A.I. can collect this unstrutured data and almost INSTANTANEOUSLY identify patterns that might take you weeks if you’re able to identify any at all, identify what market approach will most likely be successful, match people with the items they want and much more.
A.I. will determine when consumers should be contacted, what offer should they be contacted with andwhat preference of communication to them you should use.
Another area that A.I. will will disrupt is…
Email Marketing
Email marketing is one of the best ways for you to form a relationship with your targeted audience. But do you know that A.I. will be able to even write your emails? Take a look at an email written for a newslettre called Tech Profits Daily 9/30/20. The technology used is called GPT-2
“A few years ago, the only AI programs we’d here anything about were the ones that were capable of teaching themselves languages with very little programming, but now this is not the case”.
Here’s another from the same site
“Today, AI programs which are called Deep Learning, can be used to create speech, reconize objects and other images, performs actions and even make decisions. the most interesting thing about Deep Learning is that it’s algorithims are able to understand and use the realtionships between words, objects, pictures, and actions for themselves and do it with very little help”.
And here’s one written about investing in the market…
“Analyst and investors were quick to note that Wall Street was on a different trajectory wensday after the first Presidential Debate. A decline in oil and gasoline prices is driving the economy and Wall Street higher, and the Federal Researve left interest rates unchanged for a 17th straight week”.
note: Taken from email newsletter Tech Profits Daily 9/30/20.
A.I. technology will make it possible to customize emails that are taylor-made for each of your individual subscibers.
Now before you think, “This is the end of affiliate marketing”…remember…even though machines will be smart and intelligent, humans made them. Sure some jobs may vanish, but you, the affiliate marketer won’t be affected by it because you’ll be the one using the tools and software for a better digital marketing campaign. So…
In Conclusion
A.I. will smash what the Affiliate Marketing Industry was the last ten years in the next ten years. So what does that mean…Money! Profits!
With the speed that will cut down the time of collecting and analyzing data…with the time you’ll have to concentrate on other aspects of your business…you’ll be able to get more done in less time which will translate to more profits.
As you may know by now-if you’ve been reading my blog- I’m a born again Christian. So today I’d like to end my post with a Prayer. I’d like you to pray this Prayer with me.
Loving Hevenly FATHER, I want to be successful in what I turn my hand to because I want to do everything as unto YOU. And so today, I come to lay the desires of my heart before YOU and ask that in YOUR GRACE, YOU will forward the plans I have for my life, in a way that pleases YOU.
Lead me LORD in a way of YOUR choosing, as I lay before YOU the hopes and dreams of my heart, which I would dearly love to fulfill. I surrender all these dreams to YOU, praying that YOU will guide me in the path that is best suited to carry out YOUR best work in me. I ask this in the name of THE LORD JESUS amen.
Until next time be safe and be blessed.
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