Affiliate marketing remains a popular strategy for ecommerce businesses to increase sales and reach an audience successfully! The estimated global spend on affiliate marketing will reach $15.7 billion in 2024, nearly doubling from $8 billion in recent years.
Given the intensifying rivalry among ecommerce entities, affiliate marketing presents a means for enterprises to differentiate themselves and flourish.
This article will explore important ecommerce affiliate marketing statistics to reveal insights into its impact and the emerging trends that will influence its direction. If you are a seller or a marketing professional, directing your approach based on these figures can help you tap into the power of affiliate marketing.
Table of Contents
Key Ecommerce Affiliate Marketing Statistics
- As reported by the PMA, in 2022, $61 billion in investment boosted ecommerce sales to $71 billion.1
- Over 90 percent of businesses are expected to integrate affiliate marketing into their sales strategies by 2026.1
Predictions For Ecommerce Affiliate Marketing
In the coming years, up to 2026, it is predicted that more than 90% of companies will incorporate affiliate marketing into their sales plans, showing how important it has become in today’s sales practices.
This shift underscores the success of affiliate marketing in delivering outcomes by being cost-effective, scalable, and fostering trust. Companies pay for conversions that lead to success, while affiliates broaden their audience reach.
Today, you can reach groups of people and establish vital trust for success in business circles.
US Ecommerce Affiliate Marketing Statistics
- Affiliate marketing contributes to 16 percent of sales made by ecommerce businesses in the United States and Canada, and more than 80 percent of advertisers use this strategy. 2
- Affiliate marketing generated 5 billion clicks worldwide, making up 16 percent of all ecommerce transactions in North America.2
- Affiliate marketing accounts for 16 percent of ecommerce orders in the United States and is one of the top four contributors to these orders. 2
- Its expansion surpasses sales growth within the US market; however, online shopping has limited potential for further expansion since it has already captured 16 14 retail sales.2
- According to e-marketer data analysis, in the United States, in 2024, sponsored content will be the source of income for creators, amounting to $6 billion.2
Why Affiliate Marketing Works In The US And Canada
Affiliate marketing accounts for 16 percent of sales in the United States and Canada’s e-commerce industry; over 80 percent of advertisers use this method to boost online revenue significantly since it plays a vital role for them.
Affiliate marketing is particularly important for these regions because their ecommerce markets are well established, and tech customers often depend on recommendations from trusted sources, like influencers or bloggers, when making purchasing choices.
Affiliate marketing’s focus is performance-driven, which appeals to businesses aiming to optimize ROI. Its capability to link brands with target audiences that align well with the growing preference for shopping experiences in the US and Canada appeals to businesses aiming to optimize ROI.
Asian Ecommerce Affiliate Marketing Statistics
- A recent study on ecommerce affiliate programs based on data from Indonesia in 2023 indicates that the Shopees Affiliate Program stood out as the recognized program among participants with a 69 percent affirmation rate.2
- A survey conducted among ecommerce companies based in Thailand last year found that 63% of participants acknowledged being familiar with affiliate marketing, a method through which affiliates earn commissions for promoting products from other individuals or businesses. 2
- In a survey about affiliate link usage, 81 percent of the participants admitted to clicking on an affiliate link at some point. On the other hand, three percent of those surveyed claimed they had never encountered an affiliate link before.2
- A survey conducted on ecommerce affiliate programs within Indonesia for 2023 found that 68% of participants noted that the Shopee Affiliates Program offered the highest commission rates compared to other e-commerce platforms available at that time. The survey also highlighted Shopee as the preferred online shopping destination for consumers residing in Indonesia.2
What Is Shopee?
Shopee stands out as an ecommerce platform across Southeast Asia for its easy-to-use interface and wide range of products available to users at their fingertips. You can also find features like affiliate programs and livestream options seamlessly integrated into the platform’s offerings. The platform’s success story is reflected in a 2023 survey conducted in Indonesia.
69% of respondents pointed out the Shopees Affiliate Program as a highlight. This popularity can be attributed to Shopees’ knack for linking affiliates to a customer base and providing enticing commissions and reliable partnerships, making it a preferred choice among consumers within the region.
Ecommerce Affiliate Marketing Trends
Here are the following trends ecommerce businesses can look forward to in the following years:
The Growth Of Creator Affiliate Programs
With the slowdown of social media growth and a leveling off of advertising expenditure, brands are now leaning towards establishing collaborations with content creators via specialized affiliate programs to solve this trend’s challenges. They do so to maintain a firm grip over their marketing results while influencers stand to gain from steadier and long-lasting revenue sources as well Major players such as Walmart and Abercrombie have adopted this approach, which indicates a move towards connecting social platform promotional activities, with tangible ecommerce outcomes
Major Platforms Have Approved Affiliate Models
The rivalry between Amazon and TikTok showcases the increasing importance of affiliate marketing within the ecommerce industry landscape. Both companies employ strategies for affiliate marketing to boost sales. With its established Associates program and TikTok, Amazon harnesses the power of creator content for commerce. This solidifies affiliate marketing to enhance website traffic and generate revenue while prompting brands to enhance their ecommerce infrastructure to stay competitive against these industry titans.
Challenges In Advertising Gives A Boost To Affiliate Marketing
Concern regarding transparency and inefficiencies in advertising is prompting many marketers to turn to performance-based affiliate marketing. Generally speaking, unlike advertisements, affiliate marketing links spending directly to results such as sales. This aspect makes it a dependable and budget-friendly option for e-commerce brands. This transition is anticipated to boost the portion of advertising budgets allocated to affiliate marketing by 2024.
Switching To Server-Side Tracking
Google’s decision to discontinue third-party cookies within Chrome has highlighted the importance of utilizing server-side tracking for affiliate programs. Tools like Stape facilitate this shift by streamlining the process and allowing ecommerce companies to track accurately without alterations. Embracing this change is crucial for ensuring the effectiveness of affiliate marketing amidst cookies.
Revamped Ecommerce User Experiences With Affiliate Technology
Leading companies like Nike are incorporating affiliate technology to enhance shopping experiences through features like live stream shopping integrated into their websites. This strategy merges affiliate marketing with cutting-edge e-commerce solutions.
Moving Forward
Affiliate marketing continues to be a factor in achieving success on ecommerce platforms by providing brands with a quantifiable method to boost earnings and cultivate customer trust and loyalty. The projected global spending on affiliate marketing is set to hit $15. 6 billion by 2024, reflecting the industry’s expansion and underlining its role in connecting brands with audiences through dependable partnerships.
The growth of programs for creators and affiliates, advancements in affiliate technology, and the move towards server-side tracking are drastically changing how e-commerce companies handle their affiliate strategies today. These new developments enable brands to connect with affiliates and customers, leading to interactive and customized shopping experiences.
Ecommerce growth strategies are the key to sustainable development and success beyond 2024. They lie flexible and demonstrate the efficacy of affiliate marketing tactics.
Frequently Asked Questions
Which ecommerce platform is best for affiliate marketing?
The best eCommerce platform for affiliate marketing depends on your niche, audience, and goals. Here are some of the top options:
Amazon Associates: A great choice for beginners due to its vast product range, global presence, and trusted reputation.
Shopify Affiliate Program: Ideal for those targeting entrepreneurs and businesses looking to set up online stores.
Shopee Affiliate Program: Perfect for affiliates focusing on Southeast Asia, with strong recognition in markets like Indonesia.
What is the highest paying affiliate program?
Wishup ($500 Per Sale)
SEMrush ($200 Commissions)
What is the most successful ecommerce platform?
Amazon holds the spot, as the leading marketplace in total GMV across its various domains with Amazon.com alone amassing $362 billion, in 2022 and the collective sum of other Amazon domains reaching US $692. 7 Billion. The additional ranking domains following Amazon.com are Amazon.co.jp, Amazon.co.uk, Amazon.de and Amazon.ca.
What is the best ecommerce for beginners?
Amazon Associates is perfect, for newcomers because of its selection of products and top notch brand credibility alongside its to use tools—it’s an excellent choice, for reaching a broad audience.
What sells the most on ecommerce?
Electronics and Gadgets, like laptops and tablets, remain sought-after items by consumers worldwide. At the same time, clothing and apparel always draw attention to their styles and trends, and people gravitate towards continuously seeking out the latest fashion offerings. Food and Beverages stand out as essential staples that enjoy consistent consumer demand.
