No offense, but isn’t making money via Wealthy Affiliate commission through giving them a good review to prompt others to join essentially a pyramid scheme? Seems like you are luring people with the promise of the “easy money” on the internet that is actually a lot harder to obtain, by using earning you made from Wealthy Affiliate by convincing others to join in terms first place.
As for where I made the pyramid scheme analysis, it may be stretching it a bit far, but Investopedia says it well, “If the recruit gets 10 more people to invest, he or she will make a profit with just a small investment.” Sound a lot like getting a person to join Wealthy Affiliate, though I’d be fine if it was just a product and nothing else. Sure it may offer all of those resources like keyword research and hosting, but that’s just the bread of a hamburger, meaning the true “meat” of the program is the fact that it teaches you how to build an online “business” in which you are an affiliate for certain products. May even be a bit like MLM, but instead of the participants who recently joined receiving a smaller percentage of the money in which they got others to join (WA gives half, I’ll recognize that), they will still struggle in the end trying to build a website and generate traffics to have products bought through them in such a saturated market. Such reality cannot be downplayed in a review for Wealthy Affiliate.
I concluded that having read a product review, people felt more informed to make a purchasing decision. As a result, if they did click a link after reading the review they were more likely to buy the product. Those clicking on the top link seemed to be more in a ‘surfing’ mode. They clicked on the link less because they wanted to buy it but more out of interest to learn more. Some bought the product and some bought other products once they were ‘in the door’ at Amazon.
“I only ask you this because you made the above comment “there is no way you can use their hosting platform and WordPress installer to set up a successful site. There may be sites which are doing well on their platform, but they were built 6-8 years ago and are well indexed by now. Removing this from the equation significantly lessens the value of their membership.”
Developing and monetizing microsites can also garner a serious amount of sales. These sites are advertised within a partner site or on the sponsored listings of a search engine. They are distinct and separate from the organization’s main site. By offering more focused, relevant content to a specific audience, microsites lead to increased conversions due to their simple and straightforward call to action.
I am interested in promoting member-to-member opportunities. Not affiliate marketing. I have a website that generates leads each time I place ads. I pay for these ads. Does WA show how to generate traffic to other types of sites such as member-to-member sites? Many affiliate opportunities I have seen only offer $19 to perhaps $80 per sale. Member-to-member opportunities earn $250 – $1,000 per sale. Since it is just as easy to make a $19 sale as it is to make a $1,000 sale, I prefer to get paid $1,000 instead of $19 or so. My capture page is below. I am looking to generate leads at a lower cost. Thank you.
Just for a bit of entertainment and amusement, I recently opened a new account with Wealthy Affiliate. My intention is to ask a few awkward questions in the week that I have before they expect money. Please let me know if you want me to ask either “The Community” or the man himself any questions. I don’t care if I get thrown out so any question is OK. I doubt if I’ll last a week so make it snappy! BTW I already asked why Kyle does not follow all his 1.5M members and got a standard reply which has absolutely nothing to do with the question.
Highly competitive: If you can’t generate traffic, you don’t make any sales. This is the biggest challenge. When everyone can sign up for these affiliate offers for free (very low barrier for entry), now you have a situation where there is a boatload of competition for most affiliate opportunity out there. Unless you use paid traffic, most people get traffic from building a website and ranking it in Google, which is what Wealthy Affiliate teaches, but the problem is there’s only 10 spots on the first page of Google. & you have to compete for those spots with thousands of affiliates around the world.
I have a couple lessons to finish with the bootcamp, and what I’m thinking about doing if I even think about continuing to blog is create a site not around WA but to help others figure out how to make money online, wordpress, how to create a website, select a hosting platform like Hostgator which I had previous experience with before WA, clickfunnels and so forth. But yeah, it’s been real, and an eye opening experience. I’ll likely be transferring my domains back to Hostgator here.
I don’t necessarily regret going with a paid membership, as it satisfied my curiosity about their platform. My intention was to see first-hand if they had any secret sauce to share, but they clearly do not. Wealthy Affiliate is milking a dying business model and I’m willing to bet they are not providing additional value or evolving their ‘curriculum’ to adapt to the ever-changing rules of internet search.
The fact of the matter is, if you put forth the effort and apply what is taught to you in the training (and follow the 4 steps to success methodology), you are going to come out on top. Sure, it will take some hard work. Anything worth working for takes, WORK…and owning your own, successful long term business should be one of those goals that you have.