What is the Difference between Dropshipping and Affiliate Marketing

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Dropshipping And Affiliate Marketing Are Both Lucrative Forms Of Business. If You're Not Able To Invest Your Time And Energy In Maximizing Both Avenues, You'll Have To Choose Which Is Best For You.

Article: https://ballenblogger.com/affiliate-marketing-vs-dropshipping/

Making money online is easier than ever, and more people are learning how to cash in on the internet, even if they’re only doing it as a side hustle. With affiliate marketing and dropshipping, you can run a home-based business without ever dealing with products or inventory. Here’s what you need to know about affiliate marketing vs. dropshipping.

One thing that affiliate marketing and dropshipping have in common is that you never have to hold inventory or maintain stocked shelves. In fact, you never touch a product. That’s part of the charm of these types of home-based, online businesses. You don’t pay out-of-pocket for product to sell.

Another similarity is that both business models take time to produce results. With dropshipping, it can take six months to a year to turn a profit, and affiliate marketing might not mature for 12-18 months. Neither model is a get-rich-quick scheme.

Affiliate marketing: You use videos, blogs, and other digital marketing tools to prompt a viewer to make a purchase through a link that you’ve provided. The affiliate network (such as AWIN or ShareASale) with whom you are working uses cookies to track that viewer and your link so that if the viewer makes a purchase within a certain amount of time, you get a commission. You’re clear, up-front, that you’re an affiliate marketer representing another company’s product. Since you’re only referring customers to another business, you don’t ever deal with customers.

Dropshipping: With dropshipping, you’re representing your own brand. You set up an e-commerce site, post the products, and set up a virtual storefront. While the wholesale company, or the dropshipper, sends the product to the buyer with your branding on the packaging, you are the one responsible for taking payment, placing the order with the wholesaler, and handling any customer service issues like returns or refunds.

#loriballen #blogger #AffiliateMarketing

About this Channel:
Lori Ballen is an entrepreneur that has been building websites throughout her entire adult life with a love for WordPress. She's a real estate agent, marketing coach, and 6-figure Affiliate marketer and credits a large part of her income streams to blogging.
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