Affiliate marketing vs Dropshipping…
…these are two very different business models that both take a skillset that needs to be learned and applied.
If you are a complete newbie coming into this online space, you first need to take a step back and discover your WHY.
WHY are you getting into either affiliate marketing or dropshipping?
STOP and answer that question before moving on…
If your WHY is not strong enough, and you don’t have a deep burning desire to succeed, your efforts will fall short, and the game will be over before you even start.
Is this my scare tactic?
It’s my honest opinion after chasing many shiny objects over the past couple of years, including wasted affiliate marketing programs and dropshipping.
Now, let’s get into the differences and what to expect with affiliate marketing vs. dropshipping.
Most people are familiar with affiliate marketing, so I’m not going to get into the definition of it right now.
Why has my 15-year marketing journey taken me to affiliate marketing?
Because of this principle that Jay Abraham teaches. Affiliate marketing checks off all three.
What you need to know before you start your affiliate marketing business:
- It is NOT a get rich quick business model
- You will be required to put in long hours upfront
- Prepare for many struggles along the way
- Find a company that provides, low-ticket, mid-ticket, and high-ticket products and services that are premium
- The top skills in affiliate marketing are lead generation, copywriting, and sales and presenting
The biggest tip I can give you right now is to NOT compares yourself to others. What those ‘others’ don’t show you is all the struggles, the negative balance in their bank account, and the sales funnels that had a 1% conversion rate.
You MUST study what the masters in this space are doing and apply that consistently.
Hands down, one of the best ways to get your feet wet is to take the 15-Day Business Challenge. You will learn from a $200M earner in the digital space who I think is the most authentic and trustworthy mentor around.
Yes, I’ve tried the dropshipping model in 2018 and found that it was not very rewarding. A majority of the products on Aliexpress and other dropshipping sites are of low quality.
Now you are dealing with returns, chargebacks, and negative reviews online that will destroy your business, in a heartbeat.
Are people successful with Dropshipping?
It wasn’t in my heart to know the products I’m shipping people are most likely garbage. That’s the main reason why I couldn’t carry on with dropshipping.
Depending on your skillset and future desires, I would give a leg up on affiliate marketing. The industry is just getting started, and I believe more and more internet marketers will be jumping onboard very soon.
Remember to treat both of these endeavors as real businesses. Your bank account will not explode overnight.
Be patient and keep your WHY with you at all times.