subject: 2 Ways of Making Money Online – Affiliate Marketing and Product Selling [print this page] 2 Ways of Making Money Online Affiliate Marketing and Product Selling
If one wanted to know the methods of money making on the internet, the broadest and the simplest classification would be to make money using either affiliate marketing or selling your product. If you're a newcomer on the internet business scene, let it be known that selling a product online does not necessarily mean having a product that can be physically sensed. That is, it need not be a product like commodities such as cars, pens, stationary, etc. It can be services that are marketed as products like educational consultancies, selling some intellectual property like designing, website creation, recipe selling, etc.
Which of the Two should I choose?
After the broad classification, here comes the biggest problem the problem of plenty. Though the classification seems to be relatively simple, there are more avenues under each category that you can think of which in turn help other online businesses to thrive. The good thing is that once you're into any one of these, you can easily diversify and finally do according to the broader categories. What should be understood well is that there are some nifty chores to be completed under each category before you can finally crack the category code. And people with successful understanding of the two, often branch out hitting both the categories with equal expertise!
If you begin to think in terms of money making ease, affiliate marketing is the easiest. However, if you have a product that has a market demand, there is no denying the fact you will be well-off in marketing and selling that rather than marketing other's products! Plus, you won't have to wait for businesses and money to flow into it comes automatically once the product is a hot online! When selling a product online, there is always a looming problem of product/product idea theft. You can protect is by learning the nuances of intellectual property rights.
In affiliate marketing what you essentially do is sell other's products and based on your sales volume, you get a fixed amount. The more you sell, the more your sales are diverse, the better are your chances and volume of earning after all, selling is also an art! But purists who have become internet marketing experts over the time have a different opinion to make. For most of you, they suggest to get some idea about internet based businesses and models by hopping onto the affiliate marketing wagon first and as you known things and gain a better perspective, the best thing would be to have your own product simultaneously.
Now if you're wondering how to have your product, the internet will help you and of course, the affiliate marketing help will be more than helpful in this case. Running both businesses parallel will help you control the businesses better and make more money in turn. For example, if you were into product blogging, you will have a better knowledge when you start with your own product and hence the previous knowledge will be helpful to you!
