Nowadays, everyone is working hard to convert their lifestyle into a luxury one, because of which everyone does not want to stay in one job or one business. If you want to do multiple business, multiple jobs or any other work with which my side income can increase. That's why many ways of earning have come in the market today, from which I can start work on an easy basis. You can do that in which there is no investment, because the biggest factor today is that of investment, keeping in mind the topic I have chosen is Affiliate Marketing, is there zero investment in it? The investment is zero so that we can start from zero and a good and handsome amount at the end of month which you can cover some of the expenses of your home.
Now, I will tell you about complete affiliate marketing. What is affiliate marketing? how to start, does it require investment or not, why people promote it more, what are its benefits, what are its drawbacks. And why platforms are supporting affiliate marketing, is affiliate marketing better than dropshipping? We will discuss this topic completely.
Affiliate Marketing
Let's talk about affiliate marketing. What is affiliate marketing? It's very simple when you promote someone's product or item or service through your social media or your referrals link and when a customer buys that item or service. So, you get a commission from that person or company for it, it is called affiliate marketing.
Where and Which Platforms is best?
When you talk about Affiliate Marketing, the first thing that comes into your mind is where it used and which platform is working with affiliate marketing. Amazon, Shopify and others are giving this opportunity. These two platforms are the main ones which have zero or low investment.
Amazon
Best platform for affiliate marketing is AMAZON AFFILIATE PROGRAM. Amazon is free for affiliate marketing with no need of any kind of monthly subscription or any other charges. Amazon is the best online e-commerce website. That gives the best chance to start affiliate marketing. But the main drawback is you can't do affiliate marketing outside Amazon.
Shopify
On the other hand, Shopify is quite a good platform but it is not free at all. Nowadays, Shopify gives two or three free subscriptions. So, it has a subscription fee compared to Amazon. You have to link your shopify account with a different website to start the business. This benefit gives an edge over Amazon.
How to Start it?
When you choose a platform for Affiliate Marketing then the question is raised: how to start it? First of all you have Social Media handles like YouTube, Tiktok, Instagram, X (twitter) and Facebook where you start to promote the product or service. There is no requirement of followers or subscribers for starting the affiliate marketing. Remember one thing; choose the same handle for all social media. It will help you to increase the engagement with the audience on different platforms..
After, signup to Amazon or Shopify accounts. Please attach all the social media handles where you published the product or service. Copy the link of the product in your video or short or post description where customers or viewers easily buy the product or service. I recommend you to start from X (Twitter). You can easily get your first earning. Always search for the right and needed product or service for daily use. After some time, social media will give payment too for views due to complete their monetization program requirements.
Benefits
When we talk about the benefits of affiliate marketing. There are many benefits of affiliate marketing. Due to these benefits everyone understands them and starts affiliate marketing right now. Its benefits are as follows;
Low Investments
Nowadays, if you want to start any business or work, the first thing that comes to mind is how much investment will be in it and what kind of investment will be, that is why this is the biggest benefit of it. There is no investment in it, no there is zero investment in this business. On the other hand, yes there is some fee, if you work with Shopify, there is money for subscription. If you do it with Amazon, it is free of charge, its biggest benefit is that you can start free of charge from now on.
Remote Work
Today, any business start-up requires a workplace or offices because you have to sit there and do your work, but the biggest benefit in affiliate marketing. You don't even need a workplace or a proper office, you can do it from the comfort of your own home, and wherever you are on a trip, in another country, or in another city, you can do it easily. You can start your work with ease.
Social Media Earning
Another advantage of affiliate marketing is that you are getting commission on the product or service as well as you get views and clicks on your videos which increases engagement. After, sometimes your channel gets monetized, due to which you start earning from there too, and you earn good money from social media, which makes two earning starts from your one work.
Unlimited Products or Service Excess
The most important thing to start any business is that you have to find relevant products or services. In any business or work there are some limitations of choosing products or services. But in affiliate marketing, you can pick up any product or service, there is no limitation of any kind, and you can sell products or services to your customers whenever you want. This is one of the biggest benefits that it is being promoted for.
No Complaining
Nowadays, the biggest problem of any business is the claim of its product or service, whether a product is broken or a return claim of product or service. So, there is no such an issue in affiliate marketing. You don't have to pay a fee because you are just promoting someone's product or service. If there is a return issue then the customer will contact the company or relevant person of the merchant and change it or return it. You can get your commission. When the customer purchases the product or service, it will be beneficial to you that you do not have any tension of claim and return.
Drawbacks
Today, any business or work has its benefits and drawbacks, but affiliate marketing has negligible drawbacks, but it has some drawbacks that I am talking about. Will do and also tell solution how they can resolve these drawbacks;
Competition
When starting any business with almost zero investment then anyone can start this business right away and some people have already started it. There is no investment which is why everyone is starting it and the negative effect of this is that the completion is very high if you are selling a product or service. In this, some people try to sell out more through keeping low commission, which makes them successful, so there is a lot of competition in it, in which you can get very little benefit of margin. I think the biggest drawback is affiliate marketing.
Depend on Other
Another major drawback of affiliate marketing is that you are dependent on someone else because you don't have your own product or service to sell and you don't have an e-commerce website. You are not doing anything, you are just using its link, you are promoting it on your social media, due to which you are getting a commission due to promotion. But if a good product or service gets viral. You are getting a good commission. After, sometimes that product cut out means your business gets stuck. I think this is the main drawback that can affect your whole business. If a customer leaves tomorrow, all your work will be over. Yes, Amazon will not closes the affiliate program.
Solution of Drawbacks
In affiliate marketing, we understand drawbacks in great detail, some of which are main drawbacks, so I will also provide you with a solution on how you can avoid these drawbacks. You can save your business and start a good job. You can grow your business with ease.
Reduce Competition
In Affiliate Marketing, there is a lot of competition because there is zero investment to start a business. So you can reduce the competition and optimize it in such a way that you make your product or service interesting to what people need. As you can understand that there are some things that people need and some things that attract. That helps to increase sales of your product or service. Select the niche in such a way that people will come to you.
Depending on other
In Affiliate Marketing, the second drawback: if you depend on someone else, your business will be disrupted if the merchant gets blacklisted or their product is discontinued forever. You can do this in a simplified way. First of all, if you look at any merchant, check the ratings, reviews, and a few other items. Don't just look at a couple of items. Check matching items with your niche and see their reviews. Try to work with your companies and not with people who work with them, they are not blacklisted and they do not have stock out issues, so always pick the companies.
Is Affiliate Marketing better than Dropshipping?
Yes, Affiliate Marketing Is Better than Dropshipping. There are some reasons behind why I preferred affiliate marketing to Dropshipping.
Investment
First of all, when you start any business, you always have to make up-investment in it, so in affiliate marketing you have zero investment, from which you can start with less and take orders from today and start earning from today. You can only start dropshipping. You have to go through a proper route in which you have to subscribe to different platforms so you can start your business.
E-Commerce Site
Another point is that in affiliate marketing you don't need any kind of e-commerce site, which saves you a lot of time and you can start right away. In dropshipping, you need to have an E-commerce website. After that you will start your work after which you can start earning. Therefore, affiliate marketing is better than dropshipping.
Return & Replacement
The biggest edge that affiliate marketing has over dropshipping is that there is no return implementation issue because the investment in a startup can be afforded, website designing can also be afforded. But the biggest issue that will keep you going through the business is return and replacement, which is the biggest issue. So the biggest advantage in affiliate marketing is that you don't have to see any returns and replacements, whether it's a return or a claim that your merchant will see, you don't see what your viewer will see from your link. Yes, the customer also knows that I have recommended buying from a merchant, so that does not impact your rating. I think the most important thing in my view is that you have no return and replacement problem.
Opinion
My opinion is simple; you should do affiliate marketing. Affiliate marketing gives you a lot of advantages like you can start this program anytime and it has zero investment and there is no issue of return and replacement. If you have it, the risk factor is very less, that's why I think it's the best business if you look at the way of earning. Yes, the profit margin is less compared to dropshipping. Yes, but you don't have to take too much responsibility in this business. You have good social handles. You have to know how to present products or services to people through videos and posts. So there you have to put videos and posts so that your customers can increase. So my point of view is still that you should do affiliate marketing. But if you have time then you must try affiliate marketing in order you get a lot of success. The competition is very high but you should choose a good product or service which is the time to invest in it. If people want to buy it, then go to this thing, I hope after reading this topic, you will know something more about what affiliate marketing is and what is comparison because I explained that thing. If you like it, please subscribe to this website and leave a comment. If you know something else, please comment.
Become a member
Get the latest news right in your inbox. We never spam!
Comments