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šŸ’¾ Affiliate Marketing is Having a Moment

How social media, mobile devices, and the creator economy are fueling a boom.

šŸ“¢ TOP STORY

Affiliate marketing has emerged as a powerhouse in digital marketing in recent years and has gone through significant growth and transformation. If you havenā€™t given this approach serious consideration, now is the time. Social media, creator-led media, and the rise of mobile devices are all factors fueling affiliate marketingā€™s moment.

The explosive growth of the affiliate marketing industry in the 21st century can be credited to a few key factors. 

First, the surge in digital operations and the widespread use of mobile devices. Then, digitalization of services and advancements in digital marketing. Also, an increase in the volume of online purchases, fueled by a shift in consumer behavior. Each has contributed to the flourishing landscape of affiliate marketing.

Affiliate marketing's widespread appeal also stems from its affordability. There is a high return on investment in terms of both time and cost when compared to alternative marketing approaches. Businesses caught the wave, adapted their operations, and created affiliate marketing programs that drove revenue.

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šŸ“° THREE HEADLINES

In our ever-changing industry, staying quick on your feet is paramount to overcoming obstacles. But even by typical standards, this past year was particularly tumultuous. One of the most significant concerns has been the official onset of cookie deprecation, a long-anticipated development that has sent publishers scrambling.

Between the alphabet soup of alternative IDs, addressability concerns and data solutions, itā€™s no surprise that publishers are bulking up on their approaches to data. But is data hoarding the right path forward? If interoperability, scale and privacy are the goals, how can publishers build a data culture that sets them up for success?

European Union regulators opened investigations into Apple, Google and Meta on Monday, the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets. The European Commission, the 27-nation bloc's executive arm, said it was investigating the companies for "non-compliance" with the Digital Markets Act.

The Digital Markets Act that took effect earlier this month is a broad rulebook that targets Big Tech "gatekeeper" companies providing "core platform services." Those companies must comply with a set of do's and don'ts, under threat of hefty financial penalties or even breaking up businesses.

A few years back a catchphrase gained momentum in banking circles: ā€œData is the new oil.ā€ The phrase has had its day, but the significance of the concept is higher than ever. Bank and credit union marketers understand this better than most because so much of their job today hinges on obtaining, maintaining, correlating and acting on data.

How that data is obtained and where it lives falls under the discipline of ā€œdata governance.ā€ And issues of access and control have become greater challenges as more and more data crunching by marketing takes place outside of the traditional control of the IT department ā€“ and outside the organization itself. In fact, that can be a friction point.

šŸ¤æ DEEP DIVE

As streaming, social, and gaming converge, companies should consider comprehensive strategies to define the future of media and entertainmentā€”or they could risk living in someone elseā€™s vision.

This yearā€™s Digital Media Trends report points to continued disruption for media and entertainment - not just from streaming, social, and gaming, but also from the ways these media and their technologies are weaving together and enabling new combinations. 

From so much change and disruption, however, the new landscape is becoming clearā€”and it may demand that providers move beyond their core businesses. 

To drive discovery, engagement, and monetization of their intellectual property and services, media, and entertainment (M&E) companies may need holistic strategies that operate across TV and film, social media and user-generated content, and interactive and immersive gaming.

Although technology has enabled much of the change we see, itā€™s the needs, behaviors, and expectations of younger generations that are demanding the change. Millennials and Gen Zs (and the Alphas that follow them) show both how diverse America has become, and how people increasingly live and socialize beyond physical geography, tugging at an early metaverse.

šŸ“œ THE ONE CERTIFICATION YOU NEED

THE One Certification You Need to Advance Your Digital Marketing Career or Thrive As a Freelance/Agency Business

You know it. I know it. Weā€™ve all felt it. The unspoken truth behind getting certified onlineā€¦

Most marketing certification programs (over)promise to make you a better marketer, and under-deliver when it comes to real action. 

So what separates the rainmakers from the pack? Itā€™s how you turn structured learning into action and traction.  Most certifications leave you hanging when it comes to helping you implement what youā€™ve learnedā€¦

But thereā€™s one certification that generously helps you through all three phases of mastery. 

1) Strategy. 

2) Implementation. 

3) Presentation. 

I will be unveiling exactly why this new style of certification is the solution youā€™ve been seeking if youā€™re looking for an edge in your company or client-serving business. And Iā€™m doing it live on April 3!

šŸŽ§ AUDIO VISUAL CORNER šŸŽ„

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