New Federal Trade Commission (FTC) Rules are Now in Effect
Just a quick note to let you know that FTC Rules are now in effect.
(In fact, just in today’s email, I’ve seen an abundance of violations that people are making already the DAY OF — are you making them too?)
This is serious — and I’m not trying to alarm you because I have something for sale because I don’t.
All sales are off (and were on Sunday at midnight). But…
The FTC thing is SO serious, I am watching Internet Marketing gurus retire products in the last month just because they do NOT want the heat.
The FTC is the NEW internet police.
Forget Interpol (which is for serious hackers and counterfeiters), the FTC will take out the average entrepreneurial site, the blogger who is gaining too much clout or the guru that is flying too high in the atmosphere.
I received notice from one marketer who is exiting selling info products for selling services.
Talk about a PARADIGM shift.
While this note may be quick, you should take this incredibly serious.
The internet in the United States (and soon in coming nations) is no longer just the Wild Wild West. It will soon be heavily regulated within the next 5 years by the government — guaranteed.
Those who have their shop setup right — their businesses aligned properly and strategies configured from the getgo with the new profiteers from this FTC re-alignment.
One lawsuit from the FTC could paralyze your organization if your site does not comply.
Not too many can hire a defense attorney to represent them and drop a $5,000 retainer and continuous monthly payments to defend against an FTC complaint.
The fact is — you simply don’t even want to get a notice — plain and simple.
Simple rule of thumb would be that if you are in doubt about a disclosure of ANY kind as to an affiliate relationship, disclose the relationship.
I’ll share with you how to dampen the effect in just a second.
The rules affect TWO major things:
1. Testimonials
On your site or your affiliate site should state right below any claims of what kiind of results the average user should receive.
Do NOT use a testimonial from a vendor unless you know the average user results — OR just grab a testimonial that simply states an EXPERIENCE about the product — not a result.
It must be CLEARLY spelled out what the average user should expect to receive ONLY if the testimonial is a results oriented statement.
2. Blogger Reviews – Freebies – Affiliate Relationships
When in doubt, I already said it above (and I do repeat things purposely so YOU remember it) — disclose that relationship.
Dampen the effect by offering a bonus to offset the disclosure part.
It’s SO easy — and instead of the disclosure, your bonus becomes the highlight.
I am discussing this in more detail in side the NicheRockets.com Private Mastermind where I am disclosing a bunch of examples I’ve already received on HOW to creatively deal with this situation (beyond just the FTC webinar we had about a month ago on how to creatively deal with the situation).
I’ll be revealing certain LANGUAGE to use (one because I’m a wordsmith when it comes to legal terminology having been a
paralegal/law office manager for 18 years of my life).
Your privacy policy, terms of service and income disclaimer should be up, including one thing I see people missing all
the time, which is the Disclosure of Millenium Copyright Act (DMCA for short).
Any blog reviews that have a recommendation, you should disclose any freebies.
Any emails that go out with affiliate recommendation should have disclosures on them — you will be seeing this with me so you can follow by example if you wish.
That’s all for now — this is simply a Public Service Announcement
Now make sure you are in compliance.
Your partner in KEEPING YOUR PROFITS,
Jim Morris, President/CEO – FTEI
Founder – NicheBOT.com, NicheRockets.com, LetsTalkProfits.com
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