One of the most question answered all the time in online business is deciding which is the best option to earn money online Dropshipping or Affiliate Marketing.
When you dropship products, you are able to easily target your customers to make the sale. When you use affiliate marketing, because you’re sending traffic to a different website there is no control over the retargeting. Dropshipping is a method of delivering traffic that is directed to your website. You also have control over the improvement of the landing page, copy of your product web design, and so on. The checkout page will be branded to match the branding of your site. Since you are in control, you improve chances of attracting a client and then converting them.
Dropshipping VS Affiliate Marketing – Which Makes More Money?
The first thing you must remind yourself to not be concerned about what one is more profitable. but that’s not right at all
We can assume that we have to business model; First bring you about 40k a year and your are passion about it .. second bring you more about 60k a year but you don’t believe in.
For mostly people they may go for the second one as they can earn more but to how far they will stay in ??
The advice is to go after your passion and work for something you passion about and surely in the end you will achieve more than the second business model
“Working hard for something we don’t care about is called stress: Working hard for something we love is called passion.”
Simon Sinek
okay but If am newbie how can I select one option from both ?
If you’re newbie to online field and don’t know what to choose, the most effective way to tackle this issue is discuss both the advantages and disadvantages of both. then you can later decide which fit you best .
The first thing to do is. If you don’t understand what these two models mean I will provide a brief explanation of each.
What is Drop Shipping?
Dropshipping is an e-commerce business model which lets you operate an online store that is hosted on a platform such as Shopify or Woocommerce “needs hosting”. You can trade without inventory or dealing with logistics .
You can drive traffic to your website via ads as well as organic searches. If someone purchases and you are able to make the purchase with the seller of the item. The vendor will then deliver the item directly to the buyer.
You earn money since you’re selling these products in your store at an incredible markup. For instance, you could find a variety of products that retail for less than one dollar, and then offer them for sale at $10 to $15 or more on your website. That’s how you can make an income.
The PROS and CONS of Dropshipping
PROS:
- You can pick the items you wish to sell. You can create a niche-specific store or a general store.
- You decide your price. You can earn more profit by increasing the price.
- Your customer’s data is yours. You are able to market to them for the rest of their lives via emails and other methods such as retargeting, etc.
- There’s no have to keep any of your products or even handle shipping on your own.
- Start-up costs are minimal. You can open an operational store with under $50.
- There are many suppliers of the same item – you can go for another supplier with better price
CONS:
- Testing. It is necessary to try a variety of products until you find the winner .
- Customer Service Handling
- Issues with suppliers. Research first before selecting one to avoid issues in the future.
- Price fluctuations. With the fluctuation of the market, you’ll have to be up to date with any price fluctuations, including those from the supplier.
In the end of now you can decide if this business model fit you or not after you have clear view about it pros & cons
What is Affiliate Marketing?
In Affiliate marketing You are referring the customer to a certain product or service. If they buy the product, then you’ll earn a percentage. Similar to dropshipping, you do this model without inventory or dealing with logistics .
Your commission is recorded via an tracking cookie, so that the seller knows that the sale was made by your traffic. It is possible to login to the the affiliate program platform to view your performance statistics which will typically include sales and clicks. Now let us point pros & cons of Affiliate Marketing
The PROS and CONS of Affiliate Marketing
PROS:
- initial costs could be as low as the cost of a single meal
- No Customer Service Handling
- No worry about price or stock availability
- You have a lot of varieties of offers and products to select for marketing
- You don’t deal with payments at all .
- You can set up your wordpress website, Youtube Channel or just make a funnel to begin an affiliate marketing business. There are a variety of methods to go about it.
- You can flip your website for a huge profit .
CONS:
- You don’t have the customer date, but you are still able to collect their email addresses and sell other products.
- You may lose your commissions if the affiliate program shutdown
- Certain niches are extremely competitive
- Cash flow may be long sometime to get your revenues
Affiliate Marketing is more common on making money onlinefield as it easier and older business model.
However, establishing an affiliate marketing business is not an easy undertaking and requires a lot of work. If you follow the correct path, you’ll be on the way to success if you put in the effort!
Final Notes
If you have carefully study both the advantages and disadvantages below and you’ll have your answer now and which one fits you more
The major difference between the both is that the dropshipping will require more work. You handle the paid ads ,customer service and payment. Once you got order you process it with the supplier may be manually or using certain apps .
Affiliate marketing is effortless and sometimes it’s bit passive. Once Customer purchase you get your commission . It can take a while to be successful, particularly if you’re going the organic traffic ways.
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