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As Marc De, and TheDoc, and many many others have said, PPS absolutely works for sponsors, and is still very viable today in terms of profitability. The gold rush is not over, not by a long shot. Just have to be smarter to find the viens...
Knowing this, if you're going to offer PPS out of the gate like "the old days" you'd better have all the details down to a science, your upsells/cross-sells absolutely bulletproof, your ability to monetize member emails down pat, and your fixed costs clearly accounted for. You'd also better have a nice war chest of funds to support you during the four or more months you're going to be upside down in terms of affiliate payouts versus recurring revenue.
The bottom line is that if you're a pro, a true ace in the business, you don't WANT to offer revshare. You LOSE money that way as a sponsor. You WANT the affiliate to hem and haw about their immediate gratification PPS program, and miniscule $35 payout, because the sooner you pay their asses off for the join they send, at $35 or whatever, the better. Gets you clear to take care of YOUR business as a sponsor, by figuring out how you're not only going to recoup that $35, but how you're going to double it before the surfer quits the site in 1.2 months lol...
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