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Affiliates really are the bitch in the system. But thankfully everyone can lose their job, or their company can go bust. But as said above if someone is going to get screwed in a deal it will be you.
Traps I have seen and things we need to look out for.
1) Websites that leach Pagerank
2) Websites that start so many affs that your Pagerank cant work.
3) AM that dont trust your traffic.
4) AM that copy your traffic
5) Diminishing Payouts
6) Industries that PPC dont make sense and SEO is very difficult.
So when people say they are blowing off college or some real job I am scared for them. Even if they are not.
Lots of the above posts are good and remember that some or all of the above 6 can happen to you and your cash cow site(s).
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