The growth of the affiliate marketing industry has been tremendous in the last decade. The more people move their business online, the greater the awareness of affiliate marketing. This has created a fertile ground to scam other people.
Don’t get me wrong; there are lots of legitimate businesses out there on affiliate marketing sites. However, there are just as many scams. We explore five affiliate marketing scams in this article.
5 Most Common Affiliate Marketing Scams
These are some affiliate marketing plan you should watch out for
#1. Offers to Make Quick Money
This is the major reason why affiliate marketing scams work. People get caught up in offers in “get rich quick” offers. It usually comes as an enticing offer of making thousands of dollars overnight. There are others that’ll promise you $5,000 for just 2 hours work.
It sounds too good to be true, right? That’s because it is.
Anyone trying to sell a secret system to you is a scammer. It takes time to learn legitimate affiliate marketing; you’ll still be making money. However, you can’t become an overnight millionaire. To make money through affiliate marketing, you need to come up with a good strategy that can easily be implemented.
#2. Affiliate Marketing Pyramid Scheme
Here is the thing, all you do as an affiliate marketer is promote someone else’s product. That’s it. So, if you receive an offer of a thousand dollars without promoting any product or service, it smells fishy. That’s a scam.
These so-called opportunities are precisely like pyramid schemes. No one is making money. They’ll ask you to invest to join the affiliate marketing program when you do you become stuck. Money is passed around from the bottom of the pyramid to the top.
Bear in mind that this scheme is illegal. Not only would you lose every penny invested, but you also are not going to make a dollar in affiliate income too.
#3. Programs You Have to Pay to Join
Any legitimate affiliate program would not require that you pay a fee to join. It should be free. The fact that your money is not on the line means you are not taking any risk. This is how real affiliate programs should be.
Bottom line is this, if you have to pay, then walk away. You may be signing up for a multi-level marketing scheme; it is illegal.
#4. Fake Affiliate Marketing Training Course
This is more popular among newbie affiliates. In a quest to learn more about the affiliate marketing program, they usually signup for different online courses, webinars, eBooks, and other sources of information. A lot of these training are scams; you will lose your money.
You won’t learn anything actionable from these training. In addition to that, the “free eBook” they gave you won’t be any use either. It would be filled with fluffs, nothing you can act on.
Before signing up for a training program, do your research well. Ensure that you sign up with a well-known name.
#5. Domain Name Scams
Imagine that you own a domain xyz.com. One day, you received an email which says; another person is trying to register a domain name xyz.cn in China. They tell you they are interested in protecting your interest, that you need to register your domain name in China to protect your trademark there. That’s xyz.cn
Then you’ll receive a price list to buy a domain name you needed in the first place. Do not fall for it; it’s a scam. There are now different variations of it. So, be on the lookout for random emails talking about your domain names.
How To Avoid Affiliate Marketing Scams
Below are some tips to help you avoid affiliate marketing scams;
- Do your research before signing up for any affiliate marketing program or training.
- Google search any affiliate program to confirm its legitimacy.
- Check the company website. Legitimate companies have professional websites.
- A ridiculously high commission is a red flag
- Ensure that their products and services are genuine and of good quality
On a Final Note
The saying; “if it’s too good to be true, then it probably is” comes to play as far as affiliate marketing is concerned. Any easy money scheme and an unrealistic offer is a red flag, avoid them. You have to be smart about it. I’m not saying there is no such thing as easy money, but you have to do your research well.
There are a lot of legit affiliate marketing programs for you to make money from. Don’t get all paranoid, just be wary of affiliate marketing scams.