So, how does one decide what path to take ? E-Commerce or Affiliate Marketing ?
The number of online businesses starting continues to increase. It’s very understandable. An online business provides freedom. There is no one better to work for than yourself. This means you can set your own timetable. You are able to do what you want, when you want. There are many out there who run their own businesses from many places …they are able to travel. As long as they have their laptop with them, they can work from anywhere.
So, an online business has huge benefits. But, there are a few decisions one must make before starting. How are you going to start and what type of business will it be. E-Commerce and Affiliate Marketing are 2 options.
So, Affiliate Marketing. It’s all about selling other peoples products. From this , you receive a commission for each sale. E-Commerce is different. You can be selling your own products or be a re-seller. It’s up to you to set your own prices. What profit do you want to make ? Perhaps 10 % ?
Starting an E-Commerce business is by no way easy. But, it isn’t as difficult as you may think. It is something I have always wanted to do. So, what products are you going to sell ? Where are you going to find these products ? What products are in demand. ?
It’s a good idea to find a niche. E-Commerce is something that can go up in scale really quickly. One thing that you need to be aware of is the money you need to invest. One can find a wholesaler that can be trusted and purchase products. But there is a method to get away from that. This is by not buying items until they are sold and you have received the customers payment. This is an issue you don’t have to think about with Affiliate Marketing. You are just marketing the items and once something has sold, you receive your commission.
I’m very excited to be involved in both E-Commerce and Affiliate Marketing. Online shopping is only going to increase. As we can see, it’s increasing at a crazy rate !!