Hey,
Many who read my email yesterday have asked me if eCommerce is better than affiliate
marketing.
It is the same as asking which car is best: Ford or Chrysler.
As always, both have their pros and cons.
There are many ways to start an online business, and no one is better than the other. It
all depends on you and what you have in mind. However, for most people, starting an online business from scratch mainly focuses on eCommerce and affiliate
marketing as the two options to choose from.
Here's what you need to know about both:
E-Commerce
The advantages of eCommerce include:
-It's easy and inexpensive to get started
-You can sell whatever you want, not just the products that the platform recommends
-You get
direct access to your customers through email, social media, and other channels
-You retain ownership of your customer data and can use it for marketing purposes later on
Affiliate Marketing
The advantages of affiliate
marketing include:
-You don't have to carry inventory or ship anything (which means less overhead)
-You can make money from many different sources at once (like Amazon) instead of relying on just one product or service like with eCommerce (but be aware that some affiliate platforms have restrictions on what kinds of content they allow on your site)
-You don't need to worry about any customer service. That will be taken care of by the company you're representing
-You don't need to sell anything in many cases (like LaunchPad). The company you're representing takes care of the entire sales process.
-Many affiliate programs (like LaunchPad) offer you a recurring commission. This gives you a monthly recurring commission from all customers who have signed to your program.
What should be your next
step?
Click here to view more in detail what eCommerce is all about.
If affiliate marketing appeals more to you, click here for more details.
Whatever your path, I highly recommend investing in ModernWealthy to get complete training on all you need to know before starting your online business journey.