What do I mean by '2nd Wave'? ... let me explain:
Can you remember the good old days when affiliate programs first came into existence in the mid to late 1990's? Everybody jumped in with two feet and put up dozens of affiliate links on their site with no real thought to what they were doing. We then wondered why we didn't make any money - not any real money that is.
The same thing has happened with the launch of other new industries in that the initial craze and hype got out of hand but when things quietened down people thought things through, put together business models and now succeed big time within that industry. The good news is that we, as affiliate marketers, can learn from these industries through their first and second phases.
A Definition of what a First and Second Wave is
The first wave is the pioneering stage, the launch of a new industry. There is lots of excitement and hype with most people now knowing what they are doing. There are many failures and very little profits during this period.
The second wave is the exciting phase. It has already come to light within phase 1 that there is potential within the industry. People put together long-term business plans and even ordinary people like you and I can succeed in a big way. Hence, wave 2 is when the real wealth is created.
Industry Examples of their First and Second Waves
Let's take a look at some examples of industries in their first and second waves and the success they have achieved for thousands of people who were in the right place at the right time:
Video Cassette Recorders (VCR): Remember the first VCRs? They were huge, very expensive and not many people could afford one. In 1972 Phillips were the first to launch a VCR for home use but it didn't appeal to the consumer market. Only a few hundred were sold.
Second wave: VHS introduced their version of the VCR in 1977 which was more appealing to the public. Prices came down and soon the average household had one. Today, DVD players are now replacing them and huge profits are being sought in this industry.
Personal Computers: In 1976 Apple launched the first PC, quickly followed by IBM with Microsoft's DOS operating system in 1981. These PCs were slow, expensive and always seemed to crash.
The second wave: Dell and Compaq introduced new design PCs, and Bill Gates and his Microsoft Empire launched 'Windows 1.0' in 1985. As a result of this boom thousands of millionaires were created in a single decade.
The 1st and 2nd Wave of Affiliate Marketing
Affiliate Marketing: The first wave of the Internet and the affiliate marketing business lasted between approximately 1996-2003. All the initial hype about the World Wide Web and making money from selling other people's stuff grew within this period. Affiliates give no real thought to their sites and put up dozens of affiliate links. Not many affiliate marketers made any real money to talk of and not many of these sites are in existence today.
The second wave is from about 2003 onwards. The initial hype has died down a bit and with the introduction of new wave technology and software, means that it is now easier for the average webmaster to build a successful and useful website business to succeed long-term with big profits.
So What Does This Mean For Today's Affiliate Marketer's?
You are now caught up at the beginning of the 2nd wave of affiliate marketing. You are in the right place at the right time - use this to your advantage now.. today... Here are some reasons why:-
- The online shopping industry is growing at a phenomenal rate
- More and more people are buying online
- The competition with affiliate sites is still relatively low as compared to what it will be like in the future
In order to get ahead of this ever-increasing competitive industry, you need to think of affiliate marketing as a business. Even go as far as writing a business plan out for your affiliate business. You need to understand that in order to get ahead of your competition and even get to the top of the search engines, you need to build a business platform for long-term success. You must think of yourself as a publisher of informational content first, then an affiliate marketer second. This is the 'key' to the success of the second wave of affiliate marketing. Let me repeat it again 'you must think of yourself as a publisher of informational content first, then an affiliate marketer second'.
Summary
Realize that the Internet is still in its infancy and that you are here in the right place at the right time. This could only happen once in your life, so jump on it straight away. The first frantic phase of affiliate marketing is over and we have entered the new and exciting second phase, which is where the 'real' wealth is created. Remember, Bill Gates and his Microsoft Empire came into existence within the second phase of the personal computer industry - the rest is history!
Claire Bowes is a successful freelance writer and owner of many successful affiliate marketing websites. Read how Claire built her money-making affiliate sites at http://www.website-business-solutions.com.
