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Jayeff, you miss two very important parts of the deal:
I don't disagree that the programs have created their own issues with (often insane) increases in payouts, etc... but in many cases they need to do it to make up for the shaving, the outside click buying, and the poor performance of their tracking software. Otherwise people would make so little per click that they would stop sending traffic. The highest payouts are in places like cams and dating, because in most cases they are "mature markets" where your conversions are going to be lower, and many of the surfers you send are already members, long since bought and paid for.
As for traffic, well... there will always be some sort of affiliate programs. If the only dating program left was "bob's dating" it would get all the dating traffic, and AFF and sexsearch would just buy zango consoles off of that, Google traffic, yahoo traffic, and away you go. As long as their is some semblance of an affiliate system there will be a way to use Zango style tools to piggy back on that traffic and make money without any affiliates.
Heck, as long as people keep searching on google, they can pop stuff up on the searches... that would be enough.
Alex
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