I also believe this is an area that is still craving for real innovation and solutions. There is a lot of money to be made here, but no one has really "cracked" it yet, not truly.
I also believe this is an area that is still craving for real innovation and solutions. There is a lot of money to be made here, but no one has really "cracked" it yet, not truly.
This is how a lot of people justify working on some pretty awful things :(
It’s like a criminal justifying his actions with “well at least it isn’t murder so I’ll keep going”.
I didn't qualify my statement to leave these out…
The internet, sadly, still runs due to these shady platforms. Without them, businesses wouldn't sell enough, "good sites" wouldn't have a revenue model, people that falsely believe their work is ethical and good wouldn't be paid.
The solution is not to purge, but to improve and clarify.
There seems to be little legitimate money to be made and it mostly hinges on tricks & dark patterns to mislead customers into bad deals as far as they’re concerned.
For most pages, I'd say very little to the customer, a lot to the merchant: the merchant can't claim things about the product for legal reasons, can't make up fake reviews/testimonials etc, so they outsource that task to the affiliate. Of course, they don't say "just claim some bullshit", but they accept that it's done, and it will be done because there's a lot of incentive to do it and none to not do it.
What I'm really surprised with is the whole couponing sector of affiliate marketing. It doesn't provide any value to the merchant, because people typically look for coupons after they've decided to buy something at a specific store. You may get fewer abandoned carts by offering rebates and coupons, but there's no reason to pay some middleman to serve them.
It's price segmentation. There's lots of people who will not buy some types of stuff unless they can find a deal. Coupons let you profit off those people, sometimes enough to make it worth to pay a middleman to take care of the work involved in distributing them.
That it later turns out that the deal was bad for the company long-term - well, that's the reality of business. Plenty of dishonest and exploitative companies exist and are successful.
It may be that some consultant talks shops into it, I just never understood what the value proposition is. "Look, just pay somebody 5% of your revenue and deal with annoyed customers instead of spending an hour on this once" doesn't sound that attractive.
Sure, a lot of that content is bullshitters bullshitting about bullshit products and in the MLM world some of the bullshit "products" consist solely of instructions on how to make more affiliate links, but affiliate marketing is also how most price/feature comparison sites which are actually useful make their money, and started off as a way of getting people to take writing book reviews more seriously because they could earn a bit from linking interested readers directly to a purchase page on a new website called Amazon.
Like what? Attribution and customer journey?
Affiliate Marketing is nothing compared to that.
There’s plenty of stuff out there beyond FAANG.
Amazon is involved in advertising though so it’s just a matter of time before that cancer consumes the entire company (in addition to being unethical overall like closing their eyes on the counterfeit problem).