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Risks of an affiliate referral link deal - Scam?

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Hi everyone, I have a question concerning affiliate deals. Following situation: An online marketing company writes you a mail, offering you a certain commission if you place an affiliate link in one of your videos + traffic during a promotion for a certain product (that’s what they use your video for). Has anyone here done such a deal? What are the risks? Is it possibly a scam offer? Generally speaking, what precautions do you have to follow? I would be very glad to hear some experiences.
I’m not sure if I’m allowed to give details on the specific company, so let’s keep it simple: company that approached me, sits in a co-working space and has a rather small website, plus it exists only slightly more than a year. My concern is to do something wrong and putting my channel at risk.
 
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Jungle Explorer

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There is nothing wrong with doing this. But there are few requirements.

1. The affiliate link MUST be to a product that is associated with the content of the video.
2. You MUST place a Disclaimer somewhere in the description informing that the link(s) are affiliate links and that you earn money when people use them to buy the product.
3. You CANNOT use wording that encourages people to support your channel by using affiliate links. EXAMPLE: Please use my links to buy products and support my channel!
4. You MUST check the two boxes circled in red in the advanced options as seen in this screenshot. promotion.jpg
5. It is highly recommended that you announce in the video itself how you are receiving compensation for the product in the video. Example: The company sent me this product for free to do this review.
 
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AllVisuals4U

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I'd be careful with this.

What I could find about affiliate links:

Note: Affiliate content doesn't violate YouTube’s Terms of Use. However, massively posting affiliate content in dedicated accounts may violate our policies around spam. You can learn more about what's allowed in our Spam, deceptive practices & scams policies.

@Jungle Explorer: where did you read that you cannot use word like 'please support my channel'?
 
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Jungle Explorer

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I'd be careful with this.

What I could find about affiliate links:

Note: Affiliate content doesn't violate YouTube’s Terms of Use. However, massively posting affiliate content in dedicated accounts may violate our policies around spam. You can learn more about what's allowed in our Spam, deceptive practices & scams policies.

@Jungle Explorer: where did you read that you cannot use word like 'please support my channel'? I use the words 'You can support this channel by shopping...'. Im curious about this.
This is not a YouTube ToS requirement, but an FTC thing. I cannot remember exactly where I read it the moment, but I researched and verified it. I will try to see if I can find the information. But the bottom line is, the FTC has very strict rules about product promotion online. Violating those rules can open you up to huge fines. Following the five guidelines, I listed will protect you from these dangers.
 
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