Amazon Affiliate Rates - What's Changed?
Most of you reading this probably got an email from the Amazon affiliate program recentlly with the subject - Amazon Associates: Important Program Update and possibly didn’t give it a second look.
Often times these ‘update’ emails consist of information that will not directly affect our businesses. This is NOT one of those time!
Inside, the email contains a link titled ‘What’s Changed’ and leads to the following…
" Here are some of the most important updates we made to the Amazon Associates Program Operating Agreement and Program Policies on May 1, 2019:
- We have changed the rates for Amazon Fashion Women’s, Men’s & Kids Private Label, Apparel, Amazon Cloud Cam Devices, Amazon Element Smart TV (with Fire TV), Amazon Fire TV Devices, Amazon Echo Devices, Ring Devices, Watches, Jewelry, Luggage, Shoes, and Handbags & Accessories to 4.00%."
At the time of this writing the Amazon commission for those categories were 7%. So just like that you will potentially lose 43% of your business revenue.
Needless to say this is a nice reminder to look out for other ways to draw income for your business…
“Don’t put all of your eggs in one basket.”
What Are Some Amazon Affiliate Alternatives?
Whether that is working on new content to increase your organic traffic to bring in more ad revenue or applying to other affiliate programs in your industry, don’t become complacent on just one source of income.
There are other affiliate programs you can join via AvantLink, CJ Affiliate (formerly Commission Junction), ShareASale
(referral link), Skimlinks (referral link) and others, you just have to look.
Depending on your industry and site’s current traffic you might not get accepted to all and once accepted you might not get accepted to each individual company within their networks but it is worth your time to apply.
This is a good time to mention one of the main reasons I was drawn to the Income School’s Project 24 course (affiliate link) to help me learn how to effectively grow an affiliate niche site.
They are not solely focused on building an Amazon affiliate website to make money, although that is still a viable avenue.
From the word GO, Jim and Ricky - founders of the Income School and instructors behind Project24 - are teaching you to focus on building traffic to your website by answering relevant questions and addressing pressing topics within your niche industry.
Although it may seem counterproductive because most new niche website owners just want to MAKE MONEY - who doesn’t though - if you do not have traffic then you do not stand a chance at making money.
It’s that simple!
Diversification is not just for the stock market so make sure you are taking the necessary steps to minimize the impact this type of news has on your online business!
How has this Amazon affiliate commission change impacted you and what are you doing to combat it?
Let me know in the comments...