Is Affiliate Marketing Dead? The Answer Might Surprise You!
One popular question I’ve heard many newbies in affiliate marketing ask repeatedly is, is affiliate marketing dead? well, the simple answer is “No” The affiliate market will remain as long as there are people who manufacture products and consumers who are ready to consume.
So you might ask if affiliate marketing isn’t dead, why is it so hard for people to make huge profits as it used to be years ago?
Well, many seasoned (and slothful) Internet marketers used to profit handsomely from Affiliate marketing ten or so years ago, all they had to do was set up a website on the Internet pushing a “get rich quick” scheme, and plenty of people just fell for the hoopla, which led to lots of sales.
You probably already know that some of these “experts” aren’t even experts at all. They are trying to use this as a scare tactic to try to lure you into buying one of their products. If you are one of these marketers that have fallen victim to this rumour I want you to do me a favour.
Take a deep breath and relax. Affiliate marketing isn’t going anywhere.
Why Does Affiliate Marketing Appear Dead?
There are lots of factors that make affiliate marketing appear dead, but the truth be told, affiliate marketing is not dead and will not and never die. Here few reasons affiliate marketing appears dead!
- Stricter Rules and Regulations: So many email marketing and social media platforms are now against individuals promoting some categories of products unlike years ago were anything at all could be promoted.
- Increase in Competition: The competition in affiliate marketing records a 10% increase yearly and this makes it more difficult for beginners to make sales.
- Exclusivity: Unlike years back when anyone at all can sign up for any affiliate program of their choice, now there are so many requirements to be met before joining an affiliate program.
Reasons Why Affiliate Marketing Is Not Dead
Affiliate Marketing Spending is Steadily Increasing: You do need to understand that this is a business and it can take some time to become very successful, but some people are making a lot of money every day and becoming the next excess story.
Affiliates’ Revenues are increasing: Only for those that are willing to work at it. It is still a viable way to become successful and make the money that you want more than ever as the revenue keeps increasing.
Everyday People Are Still Interested: People are still interested in affiliate marketing, therefore, set a goal that you want to achieve. Start small and work up to that goal and you can become the next excess story.
Affiliate Marketing Plays an Important Role in Many Businesses: You will make mistakes doing this, and you need to learn from these mistakes and alter your business plan so that you are not repeating the mistakes. This way you can think outside the box in using what hasn’t worked in a way that will work.
Related: How to Get Sales in Affiliate Marketing and Make More Money
The 5 Reasons That Support Affiliate Marketing Is Not Dead
- The Recession.
- Fortune 500 Companies Still Have Affiliate Programs.
- The New FTC Regulations.
- Shopping Online is in Demand.
- New Products Are Being Made Every Day.
The Recession – I know you are probably thinking, “Isn’t the fact there is a recession going on more of a reason to think affiliate marketing is dead”? I am sure there were marketers out there promoting certain products that felt a pinch in their wallets. However, because of the economy, this is the best time to get into affiliate marketing.
Why? It is because it opens up new markets with new products that weren’t in demand before.
Fortune 500 Companies Still Have Affiliate Programs – I think we can all agree that these guys are the reason we have a job as affiliate marketers, right? I think we can also agree these companies put a lot of time and money into doing market research. I am sure they can predict what people will be buying 10 (or more) years from now.
Don’t you think they would have ended their affiliate programs long ago if they believed affiliate marketing was dead (or was about to die)?
The New FTC Regulations – I think the new regulations are one of the main reasons marketers (recently) started to panic. I was one of them. I couldn’t comprehend how I would possibly be able to make any sales with disclaimers posted all over my site. Then I came to my senses.
First, I realized if the FTC thought affiliate marketing was coming to a halt, they wouldn’t have spent the time and money to come up with these regulations. Secondly, these regulations help separate honest marketers from scammers. With these new regulations in place, it will open up a lot of doors for both new and veteran affiliate marketers.
Shopping Online is in Demand – Let’s face it…People like to be able to sit in the comfort of their own homes, shop from almost any store, easily compare prices, avoid long check-out lines, and not have to worry about taking their kids out.
I don’t have ESP, but I don’t foresee millions of people giving up the ability to shop with the click of a button any time soon. So as long as people want to buy products online, companies are going to sell online.
It all comes down to what customers want…and they are king.
New Products Are Being Made Every Day – A lot of marketers think affiliate marketing is dying because there is too much competition. Yes, some markets are more saturated than others.
Because there are new companies forming and new products being made each day, there is always room for more affiliate marketers. In fact, due to the economy affiliate marketers are needed now most.
With more competition in affiliate marketing, people are asking if affiliate marketing is dead? The short answer is no and some people are still making very good money at it, but they are applying themselves to doing so.
Competition does make it harder to make this kind of money and affiliate marketing, but effective campaigns can help you. Understanding that you need to compete, will help you realize the money that you want to make. The more creative you are, the more likely you are to succeed.
It can also assist you in determining the ideal strategy for marketing your website.
I belive after this honest answer, you would probably make up your mind and start working on your affiliate strategies, but the big question here is, if affiliate marketin is not dead, does it worth the fame? well this article here will clear your doubt, if affiliate marketing worth it or not.
Do well to read this article as well: Is Affiliate marketing worth it?
How to Become Successful Since You Know Affiliate Marketing Is Not Dead
- Find a Niche and Stick with It.
- Vet Your Product Owners.
- Vet Your Product Owners
- Track Everything.
- Diversify Your Sources.
Must Read: The Top 8 Benefits of Affiliate Marketing
Conclusion on The topic Is Affiliate Marketing Dead
Is Affiliate Marketing Dead? In short no, it isn’t. Affiliate Marketing covers such a wide and diverse range of products that it will never be dead.
It may morph and change as the world comes out of recessionary times, but there will always be a need for people to promote other people’s products, in any way they possibly can, and there will always be product owners looking for affiliates to promote their products.
I hope this article has put your mind at ease. I hope it has also reassured you there is a lot of money to be made with affiliate marketing. A safe, easy way to build your online business is with Wealthy Affiliate.
This post contains affiliate links.
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