Honestly, link cloaking is a good idea in some situations. Certain social media sites do not like affiliate links and they are blocked. If they are cloaked, it is more likely that the link will be accepted.
The only drawback I can see of link cloaking software is that it is heavily used. Whenever I am browsing the internet, if I can tell that a link is cloaked, I rarely click on it. For example, tinyurl is heavily used, I see it on a daily basis. I know not to click on those, because, in the past it has always lead to some scam site, some blog I don't care to read, or one of those Top 10 Lists used to entertain people that are full of ads.
Basically, it is hard to establish a "good name" or "brand" with a link cloaker. It would be much easier to have your own website with your own name that is short, catchy, and has something to do with what you are promoting. This can be expensive though, so if you must use a link cloaking software, it isn't an overall terrible idea.
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Honestly, link cloaking is a good idea in some situations. Certain social media sites do not like affiliate links and they are blocked. If they are cloaked, it is more likely that the link will be accepted.
The only drawback I can see of link cloaking software is that it is heavily used. Whenever I am browsing the internet, if I can tell that a link is cloaked, I rarely click on it. For example, tinyurl is heavily used, I see it on a daily basis. I know not to click on those, because, ...more