Getting My Affiliate marketing vs e commerce To Work
Many beginners looking for ways of making money on the internet look into one of these paths. When we compare affiliate marketing versus e-commerce, both have their own pros and cons. Either can be a fantastic start for a beginner. I have done both and chose to focus my time with affiliate marketing. In this video I will explain the benefits and disadvantages of affiliate marketing vs e-commerce that will help you decide for yourself.
Over the last year and a half, I had been building an e-commerce business. Although I moved out of e-commerce to affiliate marketing, I believe e-commerce is wonderful. If you're planning to go all to it, then do it up. You can create a lot of money and I know a good deal of individuals who are earning a great deal of money with e-commerce. But personally, I opted to move into affiliate marketing for a few different reasons. If you are a beginner with earning money online, I would recommend affiliate marketing and I will explain why in this movie. I feel like it's an easier start for somebody trying to make money online.
I had a few e-commerce stores on Shopify. There's different ways to begin e-commerce. Some people buy big inventory upfront, others do white tagging or private labeling, etc.. I had been doing drop shipping. I was sourcing my merchandise from AliExpress. It's sort of like Amazon but with a bunch of providers selling items for cheap. When you're drop shipping, you have a deal with the provider that when a customer buys from you throughout your e-commerce store, the supplier will ship directly to the client. You never need to hold stock.
The nice thing about e-commerce in comparison to affiliate marketing is e-commerce gives you complete control over everything to do with your enterprise. By way of example, it's entirely up to you what prices you want to put your products at. The one thing that you need to make sure is you are not going to a loss. You are either breaking even or making a profit. As long as you're doing this, you can set whatever price you desire. The extra benefit of this is you can also produce special earnings, give out discounts, etc as far as you desire. That isn't true with affiliate marketing because you are promoting other peoples' products. They set the price and you generally can't make your personal discounts or deals. It is up to the person selling. You are just referring customers.
Sometimes when you are a part of affiliate marketing applications, they also set other restrictions on where you are able to advertise, the way you can promote their goods, etc.. Together with e-commerce you have full liberty. While in affiliate marketing, there might be a few restrictions you'll need to deal with.
Another Affiliate marketing vs e commerce thing that I like about e-commerce is, provided that you can sell your products, you receive full flexibility. You are able to choose from an infinite supply of products to dropship or retailstores.
Alright, so now why I proceeded on to affiliate marketing...
There are a few struggles that come with e-commerce that you frequently don't realize you'll face when you are first getting started. One is the costs. Drop shipping is most likely the lowest cost means of e-commerce. A lot of individuals look at it like it is a"no-cost" way but that is not true.
The distinction between e-commerce and digital products or affiliate advertising is with the latter , your budget is all but only advertisements. There aren't many prices outside of this, so you have to keep everything else. And if you are doing affiliate marketing, you do not even have to produce the product. You are referring people to other products.
As an example, I am an affiliate with ClickFunnels (among other applications ). I know I am now going to find a monthly recurring commission from that individual of around $50/month. Meaning I broke even in the first month and I'm creating a profit for every month then.