Affiliate marketing is a great model for making money online, but is it the best, and what else do you need to consider? Let's look at some of the pros and cons in this episode.
Mentions:
Four Hour Work Week Book of Tim Ferris – http://fourhourworkweek.com/
ClickBank – http://www.clickbank.com/
Facebook Group Niche Site Entrepreneurs – https://www.facebook.com/groups/1165987043433051/
Pro’s of Affiliate Marketing:
Low barrier to entry
- It’s easy to set up
- There’s a low barrier to entry
- There’s no real selling involved
- No real marketing skills involved
Talk about fulfilment:
- You don’t handle the products
- You don’t handle customer service
- You don’t handle customer complaints
- You don’t have to handle customer credit card details
- You don’t have to worry about securing your server
- You don’t have to worry about failed payments
- No shipping
- No warehousing
- No lead time
You have a choice of market
Con’s of the Affiliate Marketing:
– There’s more competition
– No control over the product