Speaking about the money, we need to mention that affiliate and monetized sites won’t give you as much as dropshipping store can. The profit per visitor on these sites is insignificant, so you will need to attract tons of customers to your website in order to make more or less solid money. With dropshipping, profit per sale fully depends on the profit margin you set – therefore, you will get a nice income much quicker. A great opportunity to start making money right away!
3. Alignment with your current services. It is important to have a strategy in mind, one that will help you accomplish your goal fast. This is why you should make sure that, first and foremost, any service you choose to promote has something to do with you current offering. For example, if you are a blogger and your following is mainly aspiring bloggers, it makes sense to promote a hosting service or an email marketing platform.
William Harris is leading content at Sellbrite and is also the Founder & Growth Marketer of Elumynt, LLC., VP of Marketing and Growth for a top 700 online retailer and former head of Marketing for When I Work, a VC backed SaaS company. William is also a contributor to leading publications like The Next Web, Search Engine Journal, Social Media Today, and Sellbrite and a speaker at industry events covering topics such as marketing strategy, search engine optimization, content marketing, digital marketing, social media and personal branding. Follow William on Twitter (@WmHarris101), LinkedIn, and Google+.
Before we dive deep, let's clear off one fact: both are perfectly viable business models. They both comprise checkered pasts of spammy misuse and high-quality effort. The difference is in their setup and infrastructure. Also, how you approach to manage your created business. It depends a lot on how much elbow grease you put in, and which model seems preferable to you.
Both dropshippers and affiliate marketers excel at generating traffic and marketing. You can still make money with affiliate marketing. If you’re great at affiliate marketing, there’s no need to stop doing it. It’s about taking your efforts to the next level. The most profitable way to grow as an affiliate marketer is to add a store to your website.
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.