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Is Affiliate Marketing a Pyramid Scheme? (No See The Difference Here)

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See the difference between MLM and affiliate marketing.
Is Affiliate Marketing A Pyramid Scheme (No see the difference here)

Is Affiliate Marketing a Pyramid Scheme

For whatever reason people are looking for alternative ways of earning money whether it is because they are tired of the daily commute to and from work, or they are stuck in a job that they hate

But they stay because the income is needed, and people, need to supplement their income. I believe this reason is the most common.

But it does not matter what the reason is,  people are turning to the internet for the answer to this problem.

start your own business
Easy sign up here start your own business

There are some excellent suggestions for ways to make money online. There are 2 ways that most people seem to gravitate towards most and one is what is called the pyramid or Multi-Level Marketing and affiliate marketing.

There seems to be a misconception that these two types of marketing are the same, so in this post, I will be taking a look at these two marketing methods, and find the differences if any.

Pyramid method/ MLM

The pyramid method is a single business transaction between two people. An offer is then made and if the offer is accepted, then the person that made the offer can make money selling this product.

For all sales made by the person who made the offer, and they will earn a commission for each sale and along with making sales, they will have to recruit others to sell the products.

For each additional person that is recruited by the person you recruited to sell the product or service, you will also get a  percentage of all the revenues they make as well.

And they will also get a commission if their recruits recruit others, and they make sales and this continues.

This creates a pyramid where there are different levels of supposed income potential.

The problem with this type of marketing.

The problem with pyramid marketing is they are generally misleading or fraudulent.

You are led to believe you can make a lot of money, but the truth is only the person on top of the overall pyramid will make a substantial amount of money, you may make a little money.

Are the time, effort, and money invested worth the money you make?

With pyramid marketing, you usually have to spend some money yourself in purchasing the product or service, which is usually compulsory in being a member of the pyramid company.

Also, the commission on the products is usually small, so the bulk of your income comes from your ability to recruit others, the more recruits you have to sell products, and recruiting others the more money you will make.

Consider the fact that most of the time you are asked to sell an unknown product to your friends and family first.

If this product was so great, why wouldn’t your marketing pitch work with the neighbors, and why don’t they already have whatever it is that is being sold if it is so great.

Affiliate Marketing

According to Wikipedia  Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts

In other words, affiliate marketing is where you agree to sell or endorse a product in exchange for a commission of any sales that you generate.

A company will typically give an individual a referral link, or some sort of unique identifier to keep track of how many sales were generated due to you referring a customer to the product.

This link is placed in your blog or to any content you may be using to promote the goods

The Difference Between Affiliate Marketing and MLM.

Affiliate marketing is different because the payment model is different, you get an agreed percent on any product sold through your promotions,

There is no purchase by you necessary, there are no fees to join and no recruiting.

Affiliate Marketing Is Legitimate (And is The Future Of Marketing)

There is a legitimate product that you are promoting on behalf of the company that makes the product. You are using nothing but your own experience or researching and endorsement of the product.

Think of it as promoting a product that will fill a need by those looking for something to fill a that will make their own lives easier, but you just happen to get paid as an incentive to do so more publicly.

Affiliate marketing is definitely the way of the future, as we see in society today the brick and mortar stores are closing, but most stores are keeping their online presence.

With the busy life of people, they are opting for having the convenience of shopping in the finest stores from the comfort of their homes.

And more stores are making it easier for shoppers, by offering early delivery in some cases the next day delivery, easy returns, in some cases tax-exempt, and free shipping.

So with all the explosion of online stores, there is a need for online marketers.  There are now over 4 BILLION people online as of 2019  and these people are going to search engines, social media, or visiting websites for help all the time.

Online marketing is one of the better ways of making money online, and while your success will happen overnight none the less it will happen, with work determination, consistency, and above all patience.

If you are looking for a change in career or a way of making some extra money to supplement your income I would recommend online marketing

Wealthy Affiliate

If you would like to give affiliate marketing a try I would recommend Wealthy Affiliate it is one of the leading training platforms and you can join for FREE that’s right free.

The Free membership has no expiration date and consists of 10 lessons which are phase one of our Online Entrepreneur course.

In phase 1 you will be taught how to choose your niche, build your website( which takes only 30 seconds) how to write content publish your post, and importantly setting up your site for affiliate links.

Wealthy Affiliate can teach anyone affiliate marketing and this platform is not only for beginners but is for all marketers from newbies to super affiliates.

Wealthy Affiliate has been in existence for 14 years and boasts a membership of 1+ million our membership is drawn from every continent.

Wealthy Affiliate Community

The membership at Wealthy Affiliate is very active in the community and you can find people online 24/7 as different timelines are represented.

Tech Support

Also, our wonderful Tech Support is available 27/7 and can be easily reached from your desktop, no outside calls no extra payment for help ( some platforms do charge for these services)

Premium Membership

There is also our premium membership this membership consist of a lot more information and tools that will assist you in reaching your goals

I would suggest you upgrade to a premium membership if you are really interested in making affiliate marketing a real earning tool.

But you can see for yourself, you can join for free build your website publish your content, and get the feel of it. If it’s something you would like to do then you can upgrade to premium,

The lessons are given via videos and these videos are there for you to revisit whenever you wish, you go at your own pace there is no rush, you set the pace.

I have left one of our training videos for you to see.

getting your site ready for search engines

Phase 1 Lesson 6

You have nothing to lose in joining for free, there is no commitment to Wealthy Affiliate, you will not be asked for any information but your name and email address.

And this is not a scam Wealthy Affiliate is legitimate and is registered and accredited A+ with the BBB. You can become a member by clicking on any of the links in this post and I will meet you on the platform. Looking forward to seeing you there.

Thanks for stopping by hope this content was helpful to you, please leave your questions and comment and I will reply ASAP and remember to 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).

Is There A Difference Between Affiliate and MLM marketing? Yes A big Difference

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Difference between Affiliate and MLM Marketing
Is There a Difference Between Affiliate and MLM Marketing?

Difference Between Affiliate and MLM Marketing

There is a vast difference between Affiliate Marketing, and we will look at both these marketing methods in this post.

First, we will be looking at multi-level marketing or MLM.

According to Investopedia, Multilevel marketing (MLM) is a strategy some direct sales companies use to encourage existing distributors to recruit new distributors who are paid a percentage of their recruits’ sales.

The recruits are the distributor’s “downline.” Distributors also make money through direct sales of products to customers. Amway, which sells health, beauty, and home care products, is an example of a well-known direct sales company that uses multilevel marketing.

With MLM, you have to know the product you are selling, so for you to see the product means, you will have to purchase the product. You have to become a “product of the product.”

With most MLM companies, you will have to spend a certain amount each month to remain a sales rep for the company.

And you will have to recruit members because that is the only way you will be able to make money as you will get a percentage of whatever your “down line” recruits make)

This is a constant system where you will have to keep recruiting new people all the time. Because not everybody you require will stay, it is hard to find the monthly cost of purchasing products. It is also hard work, and most do not succeed and give up easily. Or just become product buyers.

Then you will, in turn, push them to get more people they can recruit because the more they recruit, the more money you will make as you will be getting a commission from their sales.

As a former MLM marketer, I think you have to be aggressive in recruiting for you to make any money.

Pros of MLM.

  • You can set your working time.
  • It will help to boost your self-confidence.
  • Work from home or can be a Part-time side gig to supplement your income

The Cons of MLM

  • Hard work
  • Products are costly.
  • It would be best if you bought a starter pack.
  • People only join if they see you earning money; this can take years.
  • Many bad companies out there.
  • You cannot promote as you would like; they have many rules of what you can and can’t.
  • Many products, although not allowed, are widely sold elsewhere, like eBay and other marketplaces.
  • Most companies tell you, you cannot sell by any other means but by personally (person to person), but the products can be found online; I found the products I was selling on Amazon costing much less than the selling price the company had listed.

Now we will look at Affiliate Marketing

According to Investopedia:

Affiliate marketing is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services.

The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company. This is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services.

The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.

To start an affiliate marketing business, it is best to start with something you know; if you have a passion for something, even if you are not very knowledgeable, you can gain knowledge by researching the subject; some platforms will teach you how. Wealthy Affiliate is one such platform.

Or if you have a hobby or your job, previous or current. Whatever you have chosen will become your niche.

Then you will need to build your website, this task may seem daunting, but it takes only 30 seconds using WordPress.

Then you will need to add relevant content to your website and find affiliate programs.

Companies like Amazon will give you links that you place on your website; then, you draw people to your site; this takes time as you have to gain the trust of your audience.

Wealthy Affiliate

This may seem complicated and challenging, and it probably is if it is new to you, I am a member of Wealthy Affiliate; you can join for free, and there is no time limit to being a free member.

This company will teach you everything you need to be an affiliate marketer. The lessons are given by video; you go at your own pace. There are 2. tiers of membership, free and premium,

With a free membership, you will get 5. lessons and 1. website, among other things.

At the end of the 5. lessons in the free membership, you will have your beautiful website up and ready for business.

Here is an idea of the lessons in the free membership.

list of 12 lessons in phase 1 on online entrepeneur program
Phase 1 of the Online entrepreneur program

I have left one of the training videos, have a look.

Creating Initial website content
Creating Initial Website Content Lesson 7 phase 1

The Wealthy Affiliate has everything you need to be an affiliate marketer; there is no need to go anywhere else to find anything unless you want to.

Of course, the premium membership has a lot more information, an example you will get 50 websites free keyword research tool.

Here is a complete list of everything you receive with both memberships.

Wealthy Affiliate is not a new company it has been around for at least 14 years and is constantly updating the platform.

The information and tools presented on the platform are relevant and up-to-date.

The community of Wealthy Affiliates is constructive, and because our membership is from around the globe, there is always someone online.

Our Tech Support is on call around the clock 24/7very knowledgeable and helpful.

With the premium membership, you also get live video training every Friday at 8 pm Est, and the videos are also available for your viewing anytime you wish

The payments can be made according to what is suitable for you; remember, you can become a free member to build your website, and if you want to try, you can upgrade to the premium membership.

Conclusion

Affiliate marketing is one of the better ways of making money online, It will not happen overnight, but it will happen.

It takes work, consistency, and patience; you may be thinking you cannot do this for whatever reason you give yourself. In my case, it was too old, not a technical person, and not a writer, among others. But there is a quote that I love to use to motivate me, and it is

Whatever the mind of man can conceive and believe, it can

achieve.” – Napoleon Hill

So nothing is stopping you from giving it a try for free; it will not cost you anything, so you have nothing to lose.

And you can become a member by clicking on any link in this post. I will be there to meet you and help you in any way so you will not be alone.

Thank you for stopping by, please remember to share and leave your questions and comments in the space provided and I will reply.

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).

Is LuLaRoe A Scam/ No, But There Is A Better Way

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Is LuLaRoe A Scam?--LuLaRoe marketer in women's clothing
Is LuLaRoe A Scam?–LuLaRoe marketer in women’s clothing

 

LuLaRoe Company vs. Affiliate Marketing Wealthy Affiliate)

I came across an article on MSM by Bloomberg about this company that offers women the opportunity to become business owners and provide a livable income that will allow them to live better lives. After reading the article, I thought that Wealthy Affiliate Would be a better deal

According to Bloomberg, the company was founded by Mark and DeAnne Stidham in 2012 when DeAnn made a skirt for her daughter and received 300 orders in two days.

Continue reading Is LuLaRoe A Scam/ No, But There Is A Better Way →

Multi-Level Marketing vs Affiliate Marketing Which Is Better

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Multi-Level vs Affiliate marketing
Multi-Level Marketing vs. Affiliate Marketing

 

Multi-Level Marketing vs. Affiliate Marketing

 

Multi-Level Marketing

 

 

Multi-level Marketing companies, also called network marketing companies, direct selling companies, or other names, are not new.

Companies like Avon, Mary Kay, Herbalife, and other MLMs have been around for a long time. But with the advent of social media, they have acquired a new vigor and profile in this new era of internet marketing.

Their business model defines these MLM companies, and They do not use the traditional storefront method of selling their goods; MLMs sell their goods through “business owners” who are paid on commission.

Continue reading Multi-Level Marketing vs Affiliate Marketing Which Is Better →