Matt Giovanisci earned $284,009 from affiliate marketing in 2019, and still earns more than 6 figures a year as an affiliate 💪
But now he writes…
Affiliate marketing is dying a slow and painful death. And I won’t be dragged down with it! … Affiliate marketing is dead to me. I’m no longer making it a priority in my business. And I want to share the reasons why.
In short, Matt is deprioritizing affiliate marketing due to lack of control. Three of his biggest affiliate partners have either slashed their rates or closed their affiliate programs in recent years, significantly hurting his revenue overnight each time.
So he’s gradually been shifting focus to creating and selling his own digital and physical products. And it’s working: last year he earned almost $450,000 from digital product sales alone 🤑
However, in the podcast version of Matt’s blog post, he notes that affiliate marketing can still be a good way to start monetizing a website…
[Affiliate marketing] is dying, but it’s not dead. I think it’s a great way to get your feet wet in online business. You create a website, you don’t want to make a product right out of the gate because you don’t know what product to create but you know what to recommend. And so you recommend somebody else’s product and you see if it has legs. And if it does, then you create your own version, and you sell that.
I agree.
Before you dive into affiliate marketing yourself, read Matt’s full article so you’re fully aware of the pros and cons.
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