I would first like to thank Linda from the 5 Star Affiliate Marketing Blog for her story on the Rash Of Insurance Affiliate Programs Closing In The UK as well as the Insurance Daily blog for their story on Virgin Money Withdraws Insurance Affiliate Schemes. What follows here was inspired by both sources:
Typically most of the readers of this blog are from the US. If you think we have it bad with credit crunches, mortgage markets plunging and a recession setting in you really need to start reading up on sources of information as stated above on how it’s becoming a world-wide problem. We are not the only ones facing hard times. Proof that some of the largest UK Insurance Affiliate Programs are withdrawing from Affiliate Promotion is only a small pebble being tossed into a vast ocean. I can see right now what they are trying to accomplish. By withdrawing their programs from networks or not offering them altogether to affiliates, they are restructuring their cost effectiveness in how they acquire business. More SEO and less payments to affiliates.
Just reading this information I can see an influx of debt consolidation, credit repair and financial services being a huge need. If you have been in the game awhile then you can already see this coming. As for promoting insurance in the UK, it looks to me as if you could find a UK Insurance Program, it’s a pretty good possibility you could do well.
Reaching out a bit I personally already know how profitable the UK Cash Loan and Payday industry is and I’ve probably have not even scratched the surface. Learning this type of information in International Markets helps give you the jump start before everyone starts to follow.
Thoughts?
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Look at local holidays too. We’ve just had our May Day bank holiday weekend, so people will have overspent. A great time to promote debt-related offers this very week.