Another one bites the dust!
These are the
words that ring in my mind as I'm removing the dead affiliate programs
from my directory.
Last year has
really been a shake out for online businesses. Many have had to close
their doors due to bankruptcy, inability to gain additional funds from
the Venture Caps, or both.
The impact that
this has had for me is that it now seems that I spend just as much time
removing discontinued affiliate programs from my directory as I do adding
new ones.
I firmly believe
that this underscores the importance of taking the time to do the research
and find yourself a few really decent programs and focus on promoting
them. Some of the programs that I have removed have been from big companies
that anyone that had done their due diligence on would have felt were
solid companies. This is unexpected and may not be avoidable, but the
important thing is to realize that the many 'fly-by-night' companies and
programs should definitely be avoided.
It also helps
me realize just how great the 'little guys' have it. Huh? That's right,
as one of those 'little guys', I know that if one of my websites fail,
I can shut it down and start a new one on a different topic. I don't have
to worry about risking bankruptcy, and since I've never gotten a loan
so far,
I don't have to
worry about them saying "here comes that Chuck-guy wanting to borrow more
money that we know he won't pay back!" Many companies don't approach the
Internet from this perspective. They figure the more money they throw
at it, the better their chances for survival.
The thing to realize
is that the Internet is still first and foremost a content and information
provider. It is trying to become a new medium for retailers to push their
wares, but its not there yet. Even though the number of online shoppers
is steadily increasing, the reports and statistics seem to show that people
are using the Internet to research their larger purchasing decisions,
and then buying them at a bricks and mortar store close by. So, if my
theory holds true (yes these are my opinions and may be incorrect) why
are the numbers of shoppers increasing?
Personally, I
think that more purchases are being made because customers are being introduced
to products while they are surfing through their favorite content sites.
The steady increase in the number of affiliate and partner programs allows
website owners to offer their visitors products that those visitors may
not have gone online looking for, but yet just might purchase because
of a strong recommendation.
Here's an example:
In this issue I mention a book that I recently purchased and read. I bought
that book at Amazon.com. I bought it because my favorite investing tips
site that I visit a couple of times a week recommended it.
A few days ago
I went back to Amazon.com to see if I could find another book as good
as that one had been. After about 30 minutes of reading customer comments
and "People that bought this book also bought...", I gave up. So I went
back to my favorite site that had told me about the first book and clicked
his Amazon.com affiliate link for his second "Best pick" selection. I
bought it and am currently enjoying it as well.
The point I'm
trying to make with this story is that Amazon.com with all of its millions,
or billions of dollars was unable to sell me a single book, yet this guy
that is probably spending $50 bucks a month on hosting fees made the sale,
not only once but twice! Granted, Amazon made the money as well but I
would just as easily have bought the books from Barnes and Noble had they
been an affiliate of them instead of Amazon.
Under this situation
the affiliate would have made a commission off of me and Amazon would
have gotten nothing. So don't think that you have to have millions in
the bank or a staff of 50 employees to make it on the Net.
Get started part-time
and focus on creating a really great site with tons of useful information
and content, and watch your business grow and grow.
And definitely
don't be in such a rush to add your name to the list of: Another one bites
the dust! |