One thing I didn’t like is that they give no guidance as to what constitutes a good niche. They imply, if they don’t say it outright, that you can make money out of any niche, you just have to choose one you’re passionate about and money will necessarily follow. I wholeheartedly disagree. Let’s take an example. If I’m passionate about, say, jigsaw puzzles, does that make them a good niche? Sure, there are such products sold on the net and probably you can earn commissions from them, but 1) this is the sort of things people will more likely buy at brick and mortar stores, 2) most of them are not expensive enough to make significant commissions from them, and 3) most importantly, if, as they say, you must first give value and help people, how can you write tens of posts that will “help” people about jigsaw puzzles? I for one would run out of ideas before having used all fingers of one hand. And that’s also why I disagree with their suggestion to select very narrow niches. One can only write so much about so little.
2018 TL;DR Update: DO NOT promote Wealthy Affiliate. Sign up for a free trial, engage with the community and learn what you can before your access expires, but DO NOT GO PREMIUM. They are selling a fantasy built on a dying business model which serves only to benefit (no surprise here…) the founders of Wealthy Affiliate. You can glean some value from the trial, but do not invest in their training and by all means do not even consider building out any sites using their proprietary services. If you want to know why, then read on…
The biggest issue I’ve had with previous training programs and marketing communities is how outdated they get. With a Wealthy Affiliate Premium membership, you don’t need to worry about that. New trainings are added daily including live weekly video training sessions. You can also search and browse past trainings they’ve created over the years. With a premium membership, you also get unlimited access to community features which is one of my favorite aspects of Wealthy Affiliate. I spend hours per day simply chatting and messaging people who clicked on my Wealthy Affiliate affiliate link. When they use my link to sign up, I get notified, and the personal one-on-one coaching can begin. No other platform has offered this option before.
Affiliate marketing has grown quickly since its inception. The e-commerce website, viewed as a marketing toy in the early days of the Internet, became an integrated part of the overall business plan and in some cases grew to a bigger business than the existing offline business. According to one report, the total sales amount generated through affiliate networks in 2006 was £2.16 billion in the United Kingdom alone. The estimates were £1.35 billion in sales in 2005. MarketingSherpa's research team estimated that, in 2006, affiliates worldwide earned US$6.5 billion in bounty and commissions from a variety of sources in retail, personal finance, gaming and gambling, travel, telecom, education, publishing, and forms of lead generation other than contextual advertising programs.