I think it's a refeshing change, you're now battling on two fronts, if you're selling the same URL you're battling to be the highest, the loser loses and doesn't have to pay and the second battle is with actual competitors, again raising the stakes in the next battle, with people with that URL losing out but not paying, providing choice for the searcher and creativity for the advertiser.
It would seem however that even though google know about the affiliate market they're not quite up to speed with detailing whether a landing page destination constitutes a domain name or a URL i.e. domainname.com/ versus domainname.com/product. From the above it's pretty much cancelled out all affiliate direct links overnight hasn't it? unless you're top of the pile for that keyword.
Those with webpages are going to directly benefit whilst others get their act together but most of the pros have probably made their webpages already. It'll certainly be an intresting few weeks, some high earnings and high traffic for those ready for the change until it settles down. No doubt some high PPC spend as well for those with the budgets equalling better results??
Me, I only play around because I find it fun, but I know to the serious ones on here it's a huge leap.
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