I have been seeing people asking which is a better online business dropshipping or affiliate marketing, how does drop shipping compare with affiliate marketing? So let’s take a look.
What is dropshipping. According to Wikipedia hthttps://en.wikipedia.org/wiki/Drop_shipping, Dropshipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers its customer’s orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. As in retail business, the majority of retailers make their profit on the difference between the wholesale and retail price, but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer
Types of dropshipping
There are several types of dropshipping according to Shopify.com
In today’s bad economic situation people are always looking for a way to earn extra cash and because of this people are sometimes robbed by scams of getting rich schemes. Especially our boomers who may not be as familiar with current computer technology as the younger generation are.
Maybe you are like me, who wondered if it was ever possible for you to own your own profitable online business; well, let me tell you that the answer is positive.
You can do many things online, some of which I have mentioned in a previous post. With some, it is possible to earn a good passive income.
Joining A MLM? be Careful
I know some of us think that joining an MLM company and selling things and getting people to participate with you seem effortless and an excellent way to earn some money, but as research has shown, this is not so.
It may be possible, but it is unlikely; unfortunately, 97% of all people who joined an MLM company have lost money; in other words, out of 1,000 persons who became a part of an MLM team, only three will ever earn any money.
This method of earning is simple enough that anyone can do it, but it has also shown that only 1 in 333 persons will be successful; it is challenging to see a profit in this kind of business.
I was a member of Herbalife and Melaleuca for several years, and I never made 1 cent. I kept buying the products for myself because I liked them, especially Melaleuca, but I could not make a success of it.
With Melaleuca, The products are made from all-natural ingredients, which I loved, but they were so expensive.
Melaleuca describes their compensation plan as an ‘opportunity for the average person to start a business with virtually no risk and unlimited upside potential.
They then say that it’s a system where people with no financial investment’ can improve their finances. All they have to do is refer customers to Melaleuca.
When joining Melaleuca, you are signed up as a customer, not as a distributor like other MLM; you then have the opportunity to refer others and build a business
. In Melaleuca, there is no difference between customers and members; the plan says that you’ll never have to sell products because ‘all products are sold directly by Melaleuca.’ this is correct only to a point
.While It is true that customers will place orders directly with Melaleuca. and there is no need for you to process orders or deliver products. But you still have to find people to sign up as customers and buy the products.
Cost to remain Active
To remain active in Melaleuca, you have to order a total of 29 product points for each product and try as I may, I could not get 29 points to value less than $60-$70.00so every month, I had to be spending at least $60.00
It is noted that 66% of customers earned $0.00 in 2016; the customers only joined because they liked the products and not because they wanted a business.
I joined because I wanted a business. I liked the products too, but my main reason for joining was to start a business.
It is tough to get people to join because the price of the goods is very high compared to other brands sold in the store, and they can order just what they want without having to order to meet the 29 points.
You can start your own online business without the risk of losing any money; there is a tried and true way first; combine one of your ideas/hobbies/skills to find something that you care about and figure out how you can use it to solve another person’s problem.
Here’s what to do: Create a simple website. You don’t need any web or tech skills to make this happen.
With Wealthy Affiliate, training is provided on how to identify your niche or the topic you will build your website around. And they also offer the tools, techniques, and information to assist you in developing your idea.
Wealthy Affiliate will assist you in this for free and walk you through the steps of using social media to advertise your blog.
After you have decided on your niche, it is now time to build your website, and Your website will be the foundation of your business.
Your website is an essential step in everything you do, all your content, traffic rankings, and revenue will be generated through your website.
And do not think you have to be an expert in any subject because what you will find is as you start researching the topic of your niche, you will gain knowledge, and you will become an expert in the subject you have chosen.
At Wealthy Affiliate, you are taught how o draw traffic to your website; this is a significant step because traffic is what will make your website a success. And please remember, like any other business, it will take time.
Monetize Your Website
Then you will be taught how to monetize your website to make money. You will be introduced to different affiliate programs like amazon, share a sales PPC, etc.
I am not suggesting you will make money overnight, but you will be able to generate a passive income in time. As I mentioned before, you can join Wealthy Affiliate for free there is no time limit as to how long you can enjoy your free membership, but I would suest that you upgrade to premium.
With a premium membership comes more information and tools; maybe you can do what I did. Joined for free for about a month, I created my website looked around for a bit, liked what I saw then upgraded to premium. I am enjoying the learning process.
I knew nothing about online marketing, but I am learning. I have been a member since April of 2018. I have not reached my goals yet, but I am on my way; as I said, this is not a get-rich-quick scheme; it takes work diligently and effort.
With a free membership at Wealthy Affiliate, you will get one website a choice of 10 website themes to choose from web hosting Website Backup, Beginner Training course, Personal Affiliate Blog, Affiliate Bootcamp Training – Phase 1 Only, Video Walk-Throughs, Keyword Research Tool – 30 Searches, Training Classrooms – 2Affiliate Program1-on-1 Coaching – First 7 Day.
With a Wealthy Affiliate premium membership, you get Live Help – Unlimited.
Private Messaging – Unlimited,
10 Websites Website Security Package,
Beginner Training Course 5 phases 50 lessons – Full Access,
Personal Affiliate Blog,
Affiliate Bootcamp Training 7 phases 70 lessons,
Live Video Classes,
Keyword Research Tool – Unlimited Searches,
Training Classrooms – 2, Affiliate Program – 2x Higher Payout,
Earn While You Learn, 1-on-1 Coaching – Unlimited, Private Access to Webinars
, 24/7/365 Website Support,
Website Feedback Platform,
Website Comment Platform,
Website Analysis: upgrading to premium is $49.00 per month or $359 per year.
You can become a member for free you are not asked to purchase anything or recruit an upline; you will not be asked for a phone number, address, and most of all, your credit card number; and there is no time limit as to how long you can remain a free member, but you will be encouraged to upgrade. So you will have nothing to lose; give it a try.
If you want to start an online business, you will need a website; let Wealthy Affiliate teach you how to build and maintain a website.
So if you are wondering if you can do this, try. Making the step to try can lead you to meet your goals by creating an income that will enable you to pay off some debts, take a well-earned vacation, or help put your kids or grandkids through college. But if you don’t try, you will never know.
Are you ready to make money? Maybe you wonder where or how to start because you want to make money from home and need cash like yesterday! Hang on to your day job a little longer and jump-start your future by joining Wealthy Affiliate today and begin a new career path to successful work-at-home opportunities.
Are you wondering why I tell you to hold on to your day job a bit longer if Wealthy Affiliate is such a great choice? That is because you are building a business here, which takes time and constant perseverance.
Thank you so much for stopping by; I appreciate it, and please do come again. I hope you found this post informative and helpful, and should have a comment or a question; please leave it in the space provided below, and I will reply and please share.
NOTE: This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you).