(1) Amazon& #39;s Associates (affiliates) just got word yesterday that they (we) have a week until commissions are cut by upwards of 80%. This is going to be devastating to a lot of people who rely solely on Amazon Associates for income (niche websites, especially)
(2) There are alternatives though, but not all websites/programs are created equal. I& #39;ve updated a bit of my workshop that I& #39;m hosting tomorrow (ironically, about affiliate marketing) to include information about this change, and also some alternatives, too, that may work.
(3) It& #39;s really all about being creative in finding products that can serve your audience, and hopefully many have built an email list with their brands, however I& #39;m guessing that& #39;s not going to be the majority of associates. https://abs.twimg.com/emoji/v2/... draggable="false" alt="😕" title="Confused face" aria-label="Emoji: Confused face"> You could also create your own products, too...
(4) But I understand it& #39;s way easier and convenient to find a link on Amazon, promote it, and have cash come your way. I mean, I do it too, and I will be affected as well. But I think this& #39;ll be a big eye opener for those who just had the single source income stream...
(5) On a platform that is governed by someone else. We saw this in 2017 with rate changes back then, too, but this is way more devastating. But for many, I& #39;m hoping, this will be a big eye-opener and blessing in disguise. Diversify. Control your platform. Build an audience + list
(6) If you& #39;d like to join me on my affiliate marketing masterclass (Thursday at NOON Pacific), you can click here to register: http://www.smartpassiveincome.com/webinar1 ">https://www.smartpassiveincome.com/webinar1&... - Lots of info for how to do affiliate marketing outside of Amazon, and full disclosure I will be talking about my course, too.
(7) To me, affiliate marketing is the most underutilized way to monetize online - it& #39;s had a bad rap over the years from people promoting crap, but I teach it in a way where everyone wins, and your list grows, too. Hope to see you at the masterclass!
You can follow @PatFlynn.
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