How to Benefit From the "Retail Apocalypse"
Maybe you've heard the term "retail apocalypse" floating around?
If not, it's basically just a term some people are using to describe the massive trend towards large retail stores closing down. Stores like Toys R Us, JCPenney, Macy's, Foot Locker, Forever 21, Radio Shack are closing down stores or filing for bankruptcy, at an alarming rate.
So it's kind of like Armageddon for many traditional retail businesses.
And, like a real apocalypse, there's simply no stopping it. More and more retail stores are losing money, which means more and more people losing their jobs. Expect to see more store closures and empty shopping malls in the months and years ahead. This is going to continue and I believe it will continue at a rapid pace.
It's not all doom and gloom though.
The reason this is happening is because consumers are flocking to online shopping like never before. Billions of dollars are flowing out of traditional brick and mortar businesses, and into online shopping. So it's not the "end", it's more like the "beginning". Because people are spending money, they're just spending it differently.
To give you an idea of the stats...
In 2018, over $2.9 Trillion was spent online, which is expected to hit $4.2 Trillion dollars in 2020, and more than double to an estimated $6.54 Trillion by 2023. And to help put that into perspective, that means millions of dollars are being spent online every single minute!
Sure is. I do think it's a bit sad people who run these brick and mortar businesses and their employees, and it probably sucks for people who don't want to shop online. But for those who are smart enough to adapt to this change, and take advantage of it, this is where the profits are.
And right now it's an open playing field online. Anyone who understands what is happening and who is willing to adapt can benefit from this, potentially a lot.
How Can You Benefit From This?
As mentioned, online shopping is continuing to reach new heights and more and more money is being spent online. Which means there is an expoential increase in opportunity for those who are smart enough to see this opportunity and take action.
But where is that opportunity?
Well there's lots of ways you can profit from online spending. But specificially, the opportunity I am referring to here is affiliate marketing. As you may know, affiliate marketing is where you earn commissions promoting products and services that people are already buying, and will continue to buy, on the internet.
If you need a refresher on how it works, check out this video.
Affiliate marketing is how I earn a living online, so I know from personal experience it's a proven business model. And by learning how to do affiliate marketing now, you are positioning yourself to take full advantage of this trend both now and well into the future.
I believe the opportunity within affiliate marketing is absolutely huge right now, off the charts in fact. We have never seen such a wide open opportunity for people who are new to the industry to come in and build successful businesses. We are entering a new and exciting era.
Here's why I say this:
Firstly, the level of traffic (people using the internet) is rising to all new heights. There are over 4 billion people online and that number is getting bigger by the day.
Second, more and more niche opportunities are opening up. People are buying products online now that they simply weren't buying online 5 years ago. So there is an abundance of new money coming into the online world across many, many different niches. This is opening the flood gates to an enormous amount of untapped, low competition niches that are waiting to be capitalized on.
Third, existing niches that have typically been seen as "high competition" are now seeing record numbers of new customers, which is levelling the playing field for affiliates who want to take their slice of a larger, more competitive pie. So even niches that relate to health or wealth are absolutely FULL of opportunity right now.
This is good news for you and I because it means that, regardless of which niche you choose, the opportunity to create a successful business online is massive!
And the best part is, as a member of Wealthy Affiliate, you are uniquely positioned to take advantage of this. This is because Wealthy Affiliate Premium members have access to the best quality training, the most advanced tools, and the most comprehensive support network in the world. Period.
There is no other platform that even comes close.
At Wealthy Affiliate, you are shown exactly how to find lucrative niche opportunities, how to easily create your site, get tons of quality traffic, and earn affiliate commissions promoting products people are eager to buy. This is the place to be for anyone who wants to profit from the massive online shopping trend in 2020 and beyond.
So get stuck into the training and apply what you learn. This is how you put yourself ahead of this trend and benefit from it both now and for many years to come.
Here's some cool webinars to check out if you want to learn more about what's in store for 2020:
I hope you found this post helpful, and feel free to comment below if you want to share your thoughts or ask a question, I'd love to hear from you!