The answer is yes. It is very possible to make a living and even a steady passive income from affiliate marketing. In fact, a report by Statista predicts that affiliate marketing spending will be $8.2 billion in the US alone by 2022.
Take time to really work through these details as you get to know your competition, and you will come out with a better idea of what you want to do with your own business strategy.

According to Elise Dopson, founder of Sprocker Lovers, “The niche you choose for your affiliate site guides how much time/effort you’ll need to put into building it to a point where you begin to see SEO results. For example, SERPs for software, marketing, and healthcare are all dominated by huge blogging sites with even bigger marketing budgets. The secret is finding untapped areas where competition isn’t as fierce—and getting in there before other people recognize it.”
Many brands choose to work with a large number of social influencers and bloggers in their niches. Influencers have more authentic relationships with their followers. They can effectively get their audience to trust your brand and convince them to use your products or services.