How Affiliate Marketing Stacks Up Against Dropshipping

affiliate marketing is one of the most popular ways for people to get started online. People have the opportunity to get started with their own affiliate business in literally a few hours.

However, just because it’s so easy to start doesn’t mean it’s all plain sailing. In fact it’s far from it. Affiliate marketing has a low barrier of entry which is great but it takes a special level of persistence and dedication to achieve tangible results.

There are plenty of other business opportunities out there that would potentially suit people better. Many people prefer to deal with physical products or maybe you want to create your own course.

I’ve compiled a short list of great content i’ve come across that reveals some alternative online businesses to affiliate marketing. Many of these businesses are similar to affiliate marketing in terms of the low barrier of entry. Contrary to mainstream opinion, you don’t need a lot of startup capital to start a business these days:

How Does Affiliate Marketing Stack Up?

Affiliate marketing operates a unique business model where the affiliate is paid for successfully making a referral (if the person they goes on to buy something). It’s unique because you don’t need to spend time coming up with a product yourself or ship out anything to the buyer.

Let’s take a look at some of the biggest benefits of affiliate marketing:

  • No requirement for shipping products out.
  • Geographically free. All you need is your laptop and internet connection.
  • No need to create products yourself.

I’m sure you can see why affiliate marketing is so popular.

Affiliate marketing shares some similarities to another popular online business opportunity… dropshipping.

Dropshipping is a product fulfilment business where the owner only buy a product when it has already been sold to a customer. Physical products are kept in a supplier warehouse and shipped directly to the customer when they buy something. Dropshipping provides many of the same advantages that affiliate marketing has to offer.

Things like:

  • No need to ship out products yourself or hold stock of anything.
  • You’re in business 24/7 once you’ve set everything up.
  • No need to come up with amazing products yourself. Just do research into the type of products that do well in the market and go for something similar.

Dropshipping differs from affiliate marketing in quite a few ways. Dropshipping is the business of selling physical products where as affiliate marketing can be both. In most cases, people promote digital products because you’re able to earn more commissions this way.

Dropshipping also has very low profit margins due to the low barrier of entry that results in high competition. This can be daunting for someone who’s just coming into the business and discovering that they’re only going to make a very small amount of profit per product.

What Type Of Business Is The Most Lucrative?

This is a highly relative question. There are people making millions in both spaces. It really just depends on the affiliate program, products you’re promoting, profit margins, size of inventory, amount of traffic and many many more variables. The right question isn’t what type of business is the most lucrative. The right question to ask yourself is which business suits me better?

You want to go with a type of business that you like. Something that you have an interest in. This way when it gets really difficult you won’t throw your toys out the pram and give up. It’s very important for you to do your research before jumping into something otherwise you may end up wasting your time.

 

How Outsourcing Can Explode Your Affiliate Business

Outsourcing is a great way to leverage your time and the skills of other people to quickly get things done. There may be things that you really don’t like doing or just don’t have the time to do. Thanks to the internet, we now have access to thousands of people who are more than willing to do the jobs that we really hate!

Outsourcing can be very cheap and you can keep up to 90% of the profits that you get from the work completed by the freelancers.

In the most simple terms, outsourcing saves you time, increases efficiency and helps you to grow your affiliate marketing business.

The internet allows us to tap into a pool of freelancers that are experts in various fields from content creation to campaign management and web development.

Why the hell should I outsource my stuff? 

Depending on your situation, there could be a number of reasons why outsourcing will really help your business. As I mentioned before, if there is something that you really don’t want to do, then hiring someone else to do this could be the perfect solution. A second reason would be to help you scale your business up so you can grow faster.

Another huge benefit is that outsourcing is really cheap at the moment. You’re typically paying two or three times less than it would cost someone to do the job locally for you. You’ll also have access to a wide range of talent from literally all over the world.

Think of this from a business point of view. A business needs employees to get the job done and grow quickly in a short space of time. Your freelancers can be your employees without all the paperwork and hassle of actually hiring someone to work for your company.

What sort of things can I outsource? 

You can outsource pretty much anything. Yep. Really.

Need some new content for your website? no problem. How about someone to manage your PPC advertising campaigns? Sure. Or maybe someone to manage your social media? Ofcourse!

To help broaden your horizons of the freelancing world, here is a list of things that you can easily outsource:

Language translation for content.

  • Content writing.
  • Proofreading.
  • Copywriting.
  • Web design.
  • Video creation.
  • Video reviews.
  • Programming.

The above is just a very short list of common freelance job examples. There are thousands of roles that are now completed by freelancers.

Where do i find these freelancers?

You can hire freelancers individually through job websites but you’re much better of using freelancer websites like Upwork. These type of sites provide a secure platform for organising payments and contracts.

Here are some popular freelancing websites:

https://upwork.com

https://fiverr.com

https://freelancer.com

Check them out and hire your first freelancer! You’ll be surprised how much of a difference it can make with your business.

5 Biggest Affiliate Networks Of 2016

Affiliate marketing is an industry that has exploded in recent years. Many people are taking advantage of the fantastic opportunities that affiliate marketing provides in terms of lifestyle. Running an affiliate business only required a working laptop with an internet connection.

It almost sounds to good to be true but boy am I glad that it isn’t. The world we live in right now is a digital world, a very different place compared to just twenty years ago.

If you’re looking to become an affiliate marketer you want to target an affiliate network that provides everything you need. There are platforms out there that provide all the training, tools and resources you need to get started with your own affiliate marketing business in a relatively short space of time. If you have no idea what i’m talking about, your can read all about the basics of affiliate marketing here.

The majority of super affiliates today make the bulk of their income through high paying affiliate programs. These programs usually have products and/or services that sell for thousands of dollars.  It makes complete sense to go for high-ticket items as you will only need to sell a small handful to make thousands of dollars in commissions.

Moving on to some of the most popular affiliate marketing platforms of today:

SHAREASALE – One of the largest affiliate networks, this platform has around 4000 merchants on their list, many of which are exclusive to them.

This affiliate network publishes a high amount of information about each company that you can become an affiliate for. Information includes things like:

Average earnings per click.

Average commissions.

Average sale amount.

This type of information gives you a good idea of the ROI you can get for promoting a certain companies product or service. These figures are by no means set in stone but they do provide a good benchmark when for your campaigns.

CJ Affiliate – Another massive affiliate network. CJ Affiliate is actually the biggest affiliate platform on the internet. They have thousands upon thousands of retailers that registered with them. Almost every major retailer is listed in this affiliate network. With CJ Affiliate you really are spoilt for choice when it comes to affiliate programs. Any type of product you can think of is most likely available for promotion through these guys.

Rakuten Linkshare – Rakuten is known to be one of the oldest affiliate networks on the internet today. This network offers some great features that separate it from the rest of the pack. To give you an example, it allows you to automatically rotate banners on your website to test which one is the most effective. This is a big advantage the it comes to optimising your offers. Linkshare also offers much more customisation with the types of campaigns you can run.

Amazon Associates – One of the longest running affiliate programs on the internet. Amazon associates is what sparked the explosion of affiliate marketing all over the world. Amazon has products from more than 1 million sellers, making it one of the most diverse affiliate programs on the market. Amazon’s affiliate technology is the easiest to use out of all the networks out there. You can literally be illiterate with computers and still set yourself up as an affiliate on this platform. It really is as simple as pushing a few buttons! On the other side of the coin, Amazon caters to advanced affiliates by offering custom tools and API’s integrations, there really is something for everyone here.

There are plenty of affiliate networks out there for you to choose from with thousands of different types products and services that you’re able to promote. I would recommend picking one thing that you like and specialising in that field. Become an authority in your chosen niche and build things out from there. You don’t want to be a generalist that is just trying to promote stuff and make that sale. Be genuine, provide value and actuality help people out and I can guarantee you that it’ll pay off in a big way for you.

How To Leverage Email Marketing As An Affiliate

If you want to implement an effective program in affiliate marketing, you will need to do certain things to expand your base of customers. This article provides many helpful tips to enable you to get the most out of your affiliate marketing campaign.

Be sure to use email marketing to gain advantages in your Internet marketing endeavors. To start generating your e-mail list, ask customers if they would like to be added to your list when they make a transaction. Ask only for a person’s name and email address, and make the sign-up process as fast and easy as possible. Be honest with your customers, let them know how often they can expect to receive emails. Tell them about new products that you will have and answer questions. You can address each recipient on your email list personally with good email software. In addition to your regularly scheduled emails, occasionally send messages that advertise special offers and discounts. Customers also appreciate receiving thank-you messages and knowing that you value their patronage. To improve your subscription numbers, run promotions that are only available to subscribers. Once in a while, try to send emails that ask your customers, especially the ones you have built up trust with, for feedback. Reward their feedback with a free gift in their next order.

Research your target market to help you determine the most effective methods for reaching them. Facebook is more popular with the younger generation and older people may like to receive emails. Do a survey of your friends and family members and see how they use the internet to research and buy products and services. Consider offering your customers a survey to gather their specific preferences on advertising or communication methods. It goes without saying that the type of marketing that would work best for your situation would be dependent, in part, upon the products and services that you are offering. Products that require some degree of discretion warrant equally discrete communication methods. Your ideal marketing strategy should combine your knowledge of proven methods with innovative new practices.

Affiliate marketing changes quickly, so you need to keep track of trending topics. It is vital that you keep in touch with your customers in order to discover their wants. By following the pieces of advice in this article, you will succeed with your affiliate marketing attempts.

A Brief History Of Affiliate Marketing

Affiliate marketing is has a rich history in the internet world. It is by far, one of the most popular models used for starting an online business because it is far superior compared to other business opportunities on the internet.

It is now a multi-billion dollar industry and shows no sign of slowing down. But how did affiliate marketing start out back in the day?

Before the interwebs: the expression “affiliate marketing” is synonymous with the internet. Most people don’t realise that it did actually exist before the internet came along. There are many examples of offline affiliate marketing still in use to this very day.

for example when a store company offers a discount or financial reward for you bringing in referral customers. This is basically the affiliate marketing business model in operation. The downside to this type of offline affiliate marketing is that you are unable to track referrals. It isn’t data-driven like affiliate marketing is today in the online world.

I think its fair to say that the internet changed everything. This includes advertising and marketing. In fact, the internet has completely revolutionised how we market and advertise products and services to people.

The introduction of the digital cookie changed everything for affiliate marketing. It made much easier to trace the impact of advertising by allowing to track user behaviours and assign affiliate ID’s to prospects. This enabled affiliate to be compensated for referrals, even if the customers took 2 weeks to come back to the site and make a purchase.

What was the first affiliate marketing program? 

In 1989 a man called William J. Tobin created the first official affiliate marketing program. He owned a company called PC flowers & Gifts.

This probably doesn’t come as much of a surprise to you but Amazon were one of the first companies to launch an affiliate marketing program. Amazon Associates was launched in 1996 and was a game-changer for affiliate marketing as it attracted a lot of attention from people and companies all over the world. Amazon was the bastion of affiliate marketing in the internet world.

Affiliate networks – In 1998 was the year that some of the first affiliate networks launched. The first two being Commission Junction and Clickbank. These networks made affiliate marketing much more accessible to smaller online retailers by offering payment solutions and management of merchants and affiliates.

After the first two affiliate networks became established, thousands of other affiliate programs were created many people have since taken advantages of the fantastic opportunities that are presented with some affiliate programs. The best affiliate programs tend to be the ones that enable affiliates to earn high-ticket commissions for their product referrals. These are products and services that sell for thousands of dollars and the commissions that many affiliates are raking in nowadays are huge.