Affiliates work to introduce their visitors to the merchant’s brand. They might write a post about a new product or promotion on the merchant’s site, feature banner ads on their site that drive people to the merchant’s site, or offer visitors a special coupon code. If people come from that affiliate’s site and make a purchase, that affiliate gets paid.
The kind of content you create depends on your audience's needs at different stages in the buyer's journey. You should start by creating buyer personas (use these free templates, or try makemypersona.com) to identify what your audience's goals and challenges are in relation to your business. On a basic level, your online content should aim to help them meet these goals, and overcome their challenges.
At the end of the day, I have two things to say. First, neither option is better overall than the other. It all comes down to how much effort you put into it, what connections you make, what you’re willing to invest, and the fickle vagaries of luck. Second, absolutely nothing says you’re limited to just one or the other. You can always build a dropshipping storefront and augment that income with affiliate marketing. No one can stop you but your competition and your own lack of ambition.
When you partner with an influencer with a large following, make sure there’s a clear CTA. The influencer will get engagement in the form of likes and comments, but you need their followers to click through to your page. Instead of asking an influencer to show your product and mention it by name, give them a promo code to share with their followers. The benefit of a special promo code is getting followers to act and the ability to track conversions based on it. For example, you can see how many people used the code to buy something during the campaign.
Affiliate marketing doesn’t allow you to set your own prices and so you rely solely on commission. Dropshipping, on the other hand, enables you to set the price so that you can make as much profit off of an item as you want. However, it’s quite easy to get this wrong, and if you price your products too high or too low, then you will put people off.
Branding, it's the most important thing. How you're going to market, advertise & promote your products. Be it able to get customer or affliate, but branding your products for conversions is one of the most important factor when doing drop shipping. Because the products are not yours so you've to make it seems much better than any other person who is providing it.
Promotion Equals Endorsement – If you are promoting a product as an affiliate, you are personally endorsing that product as something your subscribers should use. If you wouldn’t personally use a product or service, don’t promote it to your mailing list. Your subscribers will lose trust in you if you promote low-quality products and are only concerned with the affiliate commissions that you generate.
She does this through: “Second tier commission contests. If I am slowing down in affiliate traffic, I run a contest with my affiliate partners to see who can introduce me to the newest, highest quality affiliates, and pay the winner good money (no less than $2,000) to help me do that. Then I second tier those introductions to them for life, so that they keep making money from their relationship with me,” she said.
When a brand pays internet celebrities, subject matter experts or other influential individuals on an upfront basis to post promotional content on their own social media channels, websites or blogs or on the brand’s web properties, that’s influencer marketing. In many cases, brands make an effort to work with influencers who are already their enthusiastic customers, which makes that type of influencer marketing a fresh new internet-based twist on word-of-mouth recommendations.
The General Data Protection Regulation (GDPR), which took effect on May 25, 2018, is a set of regulations governing the use of personal data across the EU. This is forcing some affiliates to obtain user data through opt-in consent (updated privacy policies and cookie notices), even if they are not located in the European Union. This new regulation should also remind you to follow FTC guidelines and clearly disclose that you receive affiliate commissions from your recommendations. 
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