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