Lynn Terry blogs about the FTC and Social Media Marketing

May 20, 2009 by John Dilbeck · 24 Comments
Filed under: Advertising and Marketing, Affiliate Marketing, Blogging, Social Networking 

For the first time in several weeks, I fired up my newsreader and started catching up on what my friends have been blogging about recently.

One of the first things that caught my eye was Lynn Terry’s post, FTC to Regulate Social Media Marketing.

She did a good job linking to information about this, so I won’t repeat what she said. Click the link, above, to read her post; it will open in a new window.

I think it’s about time that the FTC started to crack down on deceptive advertising and claims, and the new emphasis on “atypical results” is a good thing, too.

Although I can’t show you specific statistics to back up what I’m about to say, it’s common knowledge that over 90% of affiliate marketers never earn anything, or at least earn very little.

Yet, there are people and websites out there that claim that it’s the easiest thing in the world to join a few affiliate programs, set up a blog, and start earning thousands of dollars.

This claim is simply not true.

Yes, there are a few people who earn thousands of dollars every month through affiliate marketing, but they are the exceptions – they are the people who enjoy “atypical results.”

Perhaps it was a matter of timing. Maybe they got in at the right time.

Maybe they had more experience in marketing and advertising than most of us.

Who knows why they were successful.

Online marketing is still not as easy as some would paint it.

So, I’m hoping that the FTC does crack down on all the hype and scams that are floating around.

On the other hand, it worries me a bit that they may go too far.

Some of us try very hard to have a good knowledge of what we recommend. I am a satisfied customer of the products and services I recommend the most, but I can’t be 100% sure that I haven’t said something, somewhere, sometime, that may come back to bite me.

What about you?

Have you ever taken someone else’s word about a product and recommended it with little or no personal experience?

I don’t think you want to open yourself up to all the problems that will arise when the FTC cracks down on blogs and social networking sites.

I am far from getting rich, and my affiliate marketing income has dropped dramatically since last September, but I’m in this for the long haul and look forward to the months ahead when my revenue will rise, again.

I feel that I’ve been ethical and honest about the things I promote, but I look back and see that some things I liked a few years ago no longer look as good as they did then.

Does this mean that I have to find all my websites and everything I’ve ever published and see if they need to be modified and/or deleted?

I really don’t know.

Lynn’s post has given me something to seriously think about now that I’m getting back to work.

What do you think?

Act on your dream!

JD

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