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More than 3 million workers file for jobless benefits last week amid the current crisis…
And here’s what I think is going to happened and what it means for making affiliate commissions and online businesses.
OK so according to the Washington Post 3.3 million people have filed for unemployment over the last week…
Which marks the biggest week long increase of unemployment in HISTORY.
Unlike 2008 where only few sectors were hit… and even during the worst months achieved a 13.2% unemployment rate according to US Burera of Labor Statistics…. The current crisis will instead have an impact on almost every industry in existence.
Even services like Facebook and Google where even though more people are using them now… because they are ad revenue focused, they should take a hit also – advertisers scale back and ad costs sink. I also just don’t think all businesses have come to terms yet of how this effects them.
Many businesses are still trying to save face by keeping employees employed, but I think the reality of the situation will start settling in…
Here’s an update Disney gave today about staying closed until mid April:
A spokesperson said the company came to its conclusion because of “this unprecedented pandemic” and upon “direction provided by health experts and government officials.
” Disney intends to keep paying its hourly parks and resorts staff through April 18, it said
So we’re just seeing the first impact in my opinion…
It wouldn’t surprise me at all if we exceed 15% unemployment over the next month, especially if all businesses are forced to shut down.
I also believe a recovery will take time. It takes awhile after these kinds of shocks for people to gain confidence to invest back into things.During times of loss it’s easy to lose courage and confidence in your skill, and that will make many employers gun-shy when it comes to hiring new people.
And here’s why this effects your ability to earn income online in 2020.
Let’s face it… No matter which way you slice it, online sales are going to suffer in almost every industry over the next few months or more. As money becomes scarce, people will spend only on essentials. The things you were making money on.. like cat sweaters and shoe driers… all of these are going to be hit hard.
I also believe if you are also on Amazon FBA, except for entertainment based products for kids and adults, you will also experience a hit…We are also seeing amazon less helpful to FBA merchants during this time if they aren’t selling essential goods… So over the next month or so to come, expect a less than normal result for most markets.
If you’re an affiliate marketer… consider shifting your attention away from physical products for the time being unless it’s things like gym equipment or kids toys or essentials. I think some digital affiliate offers will suffer – especially non-essential ones like weight loss… tea detox… metaphysical stuff like astrology and numerology.
These are things that can be sacrificed during bad times.Overall though, I think over the next year or so digital affiliate offers on sites like Clickbank, JVzoo, etc. will do very well. Anything related to jobs, resumes, online income, business tools, services, etc.. Anything that helps people make more money is a win from this point forward.
These will probably be the best markets over the next 12 months. Especially as people get use to the whole work from home idea – it’s like a fruit that once you eat you can never go back.
Make sense? With that said, I will be releasing a program in the next handful of days to show how to thrive in uncertain times with these kinds of affiliate offers.
It drops in a handful of days. Get ready, keep an eye out, and stay safe.
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We all know that commenting, and especially the writing of eBooks and Articles are among the absolute favourites among successful affiliate marketers with no exception to Blogging. Driving visitors is one thing, but getting those visitors to actually convert is quite another exercise all together.More than three million people filed for unemployment this week and this is what that means for you as an affiliate marketer my name is Dan Brock the deadbeat a super affiliate from deadbeat calm and remember to smash that like button to increase your deadbeat mojo ah that was cringe okay so according to the Washington Post 3.3 million Americans filed for jobless benefits last week and that does not consider the people who did not go because they were afraid of standing around other people and what that marks is the largest increase in unemployment in the history of the United States in a single week and to put that into perspective we’ve got this little bump right here in 2008 and this huge freaking huge bump just last week it’s like not even in the same ballpark you know what I’m saying and this is not looking good and here is why unlike in 2008 where only a few sectors were hit and were at most it went the 13.2% and unemployment at its worst point according to the US Bureau of Labor Statistics the current crisis will have an impact on virtually every market every industry that exists not only here but around the world and even online services places where people are actually spending their time like Facebook Google YouTube whatever it is those will be impacted as well why because advertisers and vendors are now going to scale back their advertising because they are scared so these services will also take a hit in revenue and I also don’t really think that other businesses have come to terms with what is about to happen people are still trying to save face businesses are still keeping people on payroll when they probably can’t afford to do it right now so the general thought process is is that this is gonna blow over in a week or two or even three but from what I’m seeing right now after updating my mental model about this it looks like this is going to continue have to happen and even companies like Disney are starting to come to this conclusion so today a spokesperson just released basically saying that they will keep their parks closed until the 18th but they will continue to pay their hourly workers and resort employees but what do you think is gonna happen once they determine this may go on longer at some point once the debt starts piling up and once the cash reserves start being spent they are going to have to let employees go so this is going to continue to increase the rise of unemployment so it wouldn’t surprise me at all if we exceed those 13.2% unemployment rates back in 2008 and breach 15% or higher this time around during the current crisis so if you’re planning to invest whether it be in stocks or real estate or your all your own business just keep that in mind I think this has been the beginning of the wave so in other words don’t blow all of your powder that you have in storage on this initial wave and here’s why I think that this recovery is going to take a while if you look back in 2008 while I think this will be shorter it takes time for businesses and even individual consumers to develop the courage early confidence to start spending their money again or to reinvest back into their businesses so even if this does get resolved let’s say in a month’s time it’s going to still take several months two years for us to get back to where we left off in other words people will become gun-shy now why am I giving you this big economic lecture here’s why this will affect your ability to earn online income from this point going forward okay so no matter what way you slice it we are going to see a drop in affiliate commissions in the immediate near-term future all right no matter what niche you might see some spikes in like home gym equipment and stuff like that but overall there will be a short-term…