What is Ecommerce Sales Compared to an Affiliate?
- 5 years ago
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Hey, today I want to talk about what is e-commerce sales compared to an affiliate and share some thoughts on making money online.
I'm a big fan of side hustles, especially if you can make money online because it's very flexible. You come home from work at instead of watching Netflix you can do your internet side hustle all night if you want.
I want to talk about different ways you can make money online and the pros and cons to them, so you can make the best decision for your situation.
Ecommerce really is some type of commercial transaction done online and the first transaction was in 1994.
Affiliate marketing is when you post a link if someone clicks on that link and goes a website and buys something you get paid money because you drove the traffic.
When you hear the word e-commerce what comes to you mind? It probably has to do with an online store, maybe Shopify store or Alibaba.
Instead of buying a corner store on the street you could have a corner store on the internet and sales shirts, video games or something else.
Usually this is called dropshipping. You might be wondering what the heck dropshipping is and if that is a better way to make money online than affiliate marketing?
Dropshipping is a fulfillment method that allows a retailer to skip buying, stocking and storing inventory.
When someone goes your internet store and buys something you take the money and buy the item from the supplier who then ships it directly to the customer.
Affiliate marketing is the opposite where you send someone to a vender they handle all the money, shipping and then pay you second.
Dropshipping and e-commerce you get the money first then pay someone to ship the item. I hope that makes sense.
What are the negatives of dropshipping? One of the largest negatives with dropshipping just like any retail store is it's a race to the bottom. Usually you are selling commodities like video games, hoodies and the best way to compete is with price.
When you are selling physical products already your profit margins are small. Look at Wal-Mart and how it won in retail is with price and they have small profit margins, but they sale a lot and that is where there money is.
Another negative is you have to deal with all the customer service and the payment processing, which costs money.
Plus you have to deal with shipping, which can be a pain in butt.
Let's quickly go over affiliate marketing. What put affiliate marketing on the map was Amazon. If someone clicked on your link and went Amazon and purchased something you made money.
You didn't make that much it was between 1-10%. With informational products you can make much more even 100% of the money on the up front sales funnel with 50-75% of the money on the high ticket items.
Plus you don't have to deal with customer service, shipping an
http://www.trustthelink.com/
Hey, today I want to talk about what is e-commerce sales compared to an affiliate and share some thoughts on making money online.
I'm a big fan of side hustles, especially if you can make money online because it's very flexible. You come home from work at instead of watching Netflix you can do your internet side hustle all night if you want.
I want to talk about different ways you can make money online and the pros and cons to them, so you can make the best decision for your situation.
Ecommerce really is some type of commercial transaction done online and the first transaction was in 1994.
Affiliate marketing is when you post a link if someone clicks on that link and goes a website and buys something you get paid money because you drove the traffic.
When you hear the word e-commerce what comes to you mind? It probably has to do with an online store, maybe Shopify store or Alibaba.
Instead of buying a corner store on the street you could have a corner store on the internet and sales shirts, video games or something else.
Usually this is called dropshipping. You might be wondering what the heck dropshipping is and if that is a better way to make money online than affiliate marketing?
Dropshipping is a fulfillment method that allows a retailer to skip buying, stocking and storing inventory.
When someone goes your internet store and buys something you take the money and buy the item from the supplier who then ships it directly to the customer.
Affiliate marketing is the opposite where you send someone to a vender they handle all the money, shipping and then pay you second.
Dropshipping and e-commerce you get the money first then pay someone to ship the item. I hope that makes sense.
What are the negatives of dropshipping? One of the largest negatives with dropshipping just like any retail store is it's a race to the bottom. Usually you are selling commodities like video games, hoodies and the best way to compete is with price.
When you are selling physical products already your profit margins are small. Look at Wal-Mart and how it won in retail is with price and they have small profit margins, but they sale a lot and that is where there money is.
Another negative is you have to deal with all the customer service and the payment processing, which costs money.
Plus you have to deal with shipping, which can be a pain in butt.
Let's quickly go over affiliate marketing. What put affiliate marketing on the map was Amazon. If someone clicked on your link and went Amazon and purchased something you made money.
You didn't make that much it was between 1-10%. With informational products you can make much more even 100% of the money on the up front sales funnel with 50-75% of the money on the high ticket items.
Plus you don't have to deal with customer service, shipping an