Affiliate marketing is when an individual or an organization earns profit by selling another company’s products or services. This concept was started in 1989 but began to gain popularity in the past few decades. Affiliate marketing has undeniable potential to grow as it provides employment opportunities in today’s rapidly increasing population and is estimated to be worth $12 billion globally.
Faisal Abidi, the co-founder of a tech services and product development firm, RNF Technologies, mentions that while affiliate marketing holds a great possibility in lead and sales generation, there are a lot of scams attached to it that we should be aware of.
Unfortunately, scams and frauds are happening daily on the internet, and many of us are becoming victims of them.
So, if you don’t know how to look out for a reliable affiliate marketing program, here are the five most common signs, as reviewed by Faisal Abidi, which can protect you from being getting scammed:-
Get Rich Quick Schemes
So, who doesn’t want to become rich? Many affiliate marketing companies guarantee that you will be earning many profits in a brief time, and this is a big red flag!
Making and building a fixed income source in this industry takes the same amount of effort and time as it takes in every other business. So, if you think that joining an affiliate program will make you rich quickly, you are possibly heading toward getting scammed. This is the most common scam among all the other scams.
But also, it can be easily identified from miles away if people get aware that, in any field, to earn good money, we have to give time and build proper systems so proper cash flow can happen authentically.
Fishy Products And Services
Products with no real value? As Faisal Abidi pointed out, this is another common sign of scam that one should stay wary of while working with an affiliate firm. Sometimes, this type of fraud is a little challenging to identify. If you are paying your hard-earned money to buy some products and services that are not genuine or worth it, then definitely, sooner or later, you will get disappointed.
In affiliate marketing, word of mouth is the most important. If you are not satisfied with the quality of products and services offered to you, how can you suggest it to others?
Moreover, we have seen many cases where shady companies didn’t deliver the products and services which they promised earlier. So, to stay safe, take your time and ask for a trial or demo of their products. When you feel confident and satisfied with the demo, only then pay for the complete package.
It’s Free
The best thing about legitimate affiliate marketing is that you don’t need any investment or enrollment fee to sell another company’s products and services. Yet, at times, companies demand money for “membership,” and they give a wide range of excuses to get some money from your pocket. So, next time anyone demands a hefty investment to join a program, you will know that it’s a scam. To not get into such frauds, you can check the company’s reviews online and check if they have any online presence.
Poor Support
Often, people get into such types of scams when they make decisions in a hurry. It’s a little challenging for many people to avoid this kind of fraud but if we do proper research and take our time, we will not regret it later.
Calling with a query but can’t reach out to the affiliate company? If you get no response after paying a sum to be a partner, you have been scammed.
Again, the best thing you can do is check Google and their reviews will show best what kind of services they are providing. If you get a chance, try to talk to people already connected to the company for some time and see what changes they have gone through with the products and services offered to them.
Focuses Only On Human Resource
It is essential to build a sustainable network of people in affiliate marketing. But, it is not the only thing that matters here. One of the most critical steps to identify a fraud affiliate company is to see if they are too human-centric and less focused on the products.
Proper product training and knowledge sessions should be conducted regularly to grow authentically. Companies often want their sellers to forget about product details and focus on building a network, but that seldom brings good results. Instead, a seller must know every detail of the product, the art of persuasion, in addition to investing time in trust-building to convince potential customers.
To sum up, no matter how professional an affiliate company may sound, make sure you resist the urge to make quick decisions. The concept of this business model is such that it can make any dreamer excited overnight.
Remember, in every industry; there are 90% of people earn a handful of money, 7% earn a decent amount of money, while the remaining 3% are those who earn the maximum amount of money. Whoever comes up to you and promises that you can make five or six figures of income in a short night is a scam.
So, if you desire to become an affiliate marketer, keeping the points mentioned above in mind can help you avoid scams or frauds.
