Amazon Updates - Don't Put Your Eggs All in One Basket
As an Amazon Associate, I was reminded once again about how important it is to make sure that your income stream, your livelihood, is not tied to one company. Or one type of product.
Today, we received an update from Amazon. They were notifying us that the commission rates are being reduced effective May 1, 2019, for a couple of categories.
These reductions applied to categories that have been paying between 7%, for luggage and shoes for instance to 10% for the apparel.
This is an excerpt:
Here are some of the most important updates we made to the Amazon Associates Program Operating Agreement and Program Policies on May 1, 2019,:
- We have changed the rates for Amazon Fashion Women's, Men's & Kids Private Label, Apparel, Amazon Cloud Cam Devices, Amazon Element Smart TV (with Fire TV), Amazon Fire TV Devices, Amazon Echo Devices, Ring Devices, Watches, Jewelry, Luggage, Shoes, and Handbags & Accessories to 4.00%
I remember seeing blog posts in the past about some WA members that lost a chunk of their monthly income when Amazon changed rates in the past.
I feel bad for people that have been actively promoting the apparel in particular. Let's say you were making a $100 a month in commission income from Amazon. For the same amount of sales, they will be earning $40. Ouch....
Don't put all your eggs in one basket.
That said, stay postive. Focus on what you can control.
Have a great week.