Affiliate Marketing – The Best Option?

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Ease of StartUp

9 – 5 Job

The traditional 9 to 5 job has the advantage that once you find the job, it is only a matter of showing up on time and doing your job competently. Of course, the job search period can be lengthy depending on the current state of your local or national economy.

Online Store

Many companies and startup businesses find opening up an online store very quick and simple. There are a number of companies that offer e-commerce software packages customized for specific industries and businesses making startup simply a matter of finding the right software package for your business.

The purchase of a training program provides a step-by-step and advice to ensure success.

Affiliate Marketing

What is required for an affiliate marketing program is doing the homework to understand the type of business and industry you want to offer. If you already have knowledge of a particular product or industry, then your startup time is near zero. Likewise, a comprehensive and proficient training program will provide directives to ensure success.

Passive Income

Passive income is income that you earn by doing little or no work. The idea of passive income is similar (though not exactly like) earning interest on a savings account. You earn the money by making a minimal amount of time and effort.

9 – 5 Job

Here there is zero potential for a passive income. Employee benefits such as 401(k) plans and other company benefits are not considered here because you generally have to meet some type of requirement before the money is actually yours, and in many cases there is a penalty for accessing your income before a specified period of time.

Online Store

An online store can be a form of passive income, but the web-site needs to be checked on periodically for orders and to see if there are any problems. Orders received must be followed up on, shipped, and customer inquiries and complaints must be addressed in a timely manner

Affiliate Marketing

This is the purest form of passive income available for most people. It simply puts money in your account once it is set up. With the right approach to marketing and advertising, you can let other people do the work for you.

StartUp Costs

9 – 5 Job

There are startup costs to having a regular job. Consider the expenses of studying for several years, traveling, resume preparation, the time spent on job interviews, and meals. Virtually none of these costs are reimbursable.

Online Store

The main startup cost is for the e-commerce website, the online store software, training program and any customization required. Depending on the size of the store and the number of products offered, the costs can be considerably higher than a few hundred dollars.

Affiliate Marketing

The amount that is required starts at USD $100 to get your affiliate program up and running. Added to this will be a training program and website upgrades as your business expands.

Profitability

9 – 5 Job

There is no true profitability in a 9 to 5 job. Your income is taxed before you receive it and is subject to a number of involuntary taxes. Any benefits, such as pension plans and 401(k) plans, are also deducted prior to realizing your income.

Your income can end suddenly and unexpectedly, as most states have an “at will” condition of employment, meaning you can be terminated at any time for any reason at the will of the company you work for. Your profitability will be whatever, you were able to set aside for savings.

Online Store

Once startup costs are taken into account, an online business is generally a reliable source of profit, limited by the shipping and handling expenses, and the cost of customer returns. Annual operating expenses, such as the cost of the website/e-commerce site, advertising, and regular business taxes can reduce the businesses’ profitability.

Annual operating expenses, such as the cost of the website/e-commerce site, advertising, and regular business taxes can reduce the businesses’ profitability. A business with the right product/niche, and a good market, can be highly profitable.

Affiliate Marketing

This type of business is the closest to pure profitability for most people. There is only the cost of advertising that needs to be considered, and an established affiliate program can advertise itself. A profitable niche, consisting of a large market, can provide high profits.

Success Potential

This measures the overall potential for success of the owner of the business.

9 – 5 Job

Success in a corporate environment depends on a number of factors: education, experience, size of the company, the economy, and politics. Upward mobility, a measure of success, can be limited without the right endorsements. Income, if used as a measure of success, is limited. In many cases, the maximum potential of the employee is never realized.

Online Store

Success with an online store is largely dependent on the amount of the competition and the type of product(s) you are selling. A large number of competitors means market share will be diminished according to the size of the market, and profitability can suffer to remain competitive.

Affiliate Marketing

Because the startup costs of an affiliate program are small, you can increase your chances for success considerably by investing in a number of programs, spreading your resources around and increasing your success potential. If one program fails, you can have others that can keep you in the black.

Growth Potential

Growth potential is different from success potential in that growth potential specifically, measures the ability to obtain more business.

9 – 5 Job

Zero. You are restricted to a defined salary and benefits package. You have the opportunity to work more than one job, but the time investment-reward ratio is generally very low.

Online Store

Because you have invested in a product or group of products, you have the opportunity to expand your product line once business profits can justify the expansion or you must change product lines to maintain profits. However, growth can be measured by revenues or number of customers. It is possible to have more customers but stagnant income.

Affiliate Marketing

Because your marketing plan is likely to be global, growth potential is unlimited. This can be limited by your choice of which markets you choose to target, but as a general rule you will have far more opportunities for growth than the alternatives.

Additionally, the ease of removing non-selling products and replacing with more profitable options, is far easier than if you are the producer.

Flexibility of Working Hours

9 – 5 Job

While employers are becoming less restrictive with working hour requirements, most employees can expect to have to work a specific number of hours per week at a specific start and end time. Telecommuting – working from home part or full time – still requires the employee’s availability to the company at certain times.

Online Store

The biggest drawback of having any online store is that customers can still make demands of your time, or there are product deadlines to be met. The choice is to restrict your availability (give yourself more flexible working hours) and risk losing potential customers, or being available when the customer needs you.

Affiliate Marketing

The seller(s) of the product(s) are the ones who do all the heavy lifting when it comes to sales. This gives you the maximum amount of free time – even time to work a regular job – while generating a second income.

Training/Education Required

9 – 5 Job

Your income potential is generally directly tied to your level of education and the amount of training/experience you bring to the job. Many professions require constant training and education, and many link your willingness to increase your knowledge to your ability to make more money.

Online Store

It is always best to have a specific knowledge of your industry and/or product line before opening an online store. This will give you a better chance to be competitive and answer the questions of customers and promoters of your business.

Though a formal education is generally not required, it helps to have some knowledge, whether that knowledge is acquired from self-education or experience.

Affiliate Marketing

You can start an affiliate marketing business with no business knowledge and no knowledge of any specific product or product line. Content and articles if required can be out-sourced.

Advertising and Marketing

9 – 5 Job

There are no direct costs for marketing and advertising yourself, as you have already done that prior to getting hired. However, your displayed competence and above average performance at all levels of your job can open door to new and more profitable opportunities inside and outside of the company.

Online Store

Since you will be primarily responsible for advertising your e-commerce business, you will have the opportunity to market globally. But there is an inherent limitation in language and product line(s) offered to the market. Offering bags of sand to people who live in the desert is not a viable marketing or advertising opportunity.

Affiliate Marketing

Your marketing and advertising campaigns will largely be taken care of by the producers of the marketing products. Your marketing and advertising is based on Social Media platforms and google ads. Likewise, the market potential is global.

 

 

Be informed. Be Inspired. Be Motivated.

Affiliate Marketing- The Best Option ?
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