How To Start An Affiliate Marketing Business in 2023

Hafiz Akinde
22 min readJul 24, 2023

You probably would have heard of affiliate marketing if you’re conversant with online businesses.

Affiliate marketing is one of the most profitable businesses one can venture into. It is a multi-billion-dollar industry that has contributed immensely to the growth of the global economy over the years.

According to Statistica, the amount of money spent on affiliate marketing in the US alone is expected to reach over $8.2 billion compared to $5.4 billion in 2017.

Also, affiliate marketing generates 15% of the total online media advertising revenue.

That goes to show that there is continual growth in this industry, and you, too, can have a piece of the cake.

Another piece of evidence to show that affiliate marketing is an evergreen business is the search result from Google Trends.

You can see from the above image that there has been a growing interest in affiliate marketing over a period of 5 years. Not only that, there has been a significant upward trend on the topic within the same period, showing that it is an evergreen business model. And there’s no better time to join the movement than now.

What Is Affiliate Marketing?

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