Affiliate Marketing vs Network Marketing | The Best Way To Make Money Online

Affiliate Marketing vs Network Marketing | The Best Way To Make Money Online

Posted by

Hey it’s Lea ray from Todd on the Ericom so you want to make money online but you’re just wondering the best way to do it maybe you’ve heard of affiliate marketing and network marketing and just wondering you know what you should get started with or if you’re like us you first found the whole business industry through network marketing and then eventually you started hearing of this thing called affiliate marketing and wondered if it’s something that could help you reach your goals well that’s exactly what we’re gonna dive into today to make sure that you’re able to make the best choices to reach your financial goals for yourself and your family so stick around affiliate marketing network marketing which is the best way to make money online well that’s what we’re diving deep into today but quick second pause first I just wanna take a second to tell you make sure that you subscribe to this channel this is where we teach online business automation strategies everything from marketing lead generation and sales to help you make money online so if that interests you at all definitely make sure to subscribe right so to get started we’ve got affiliate marketing we’ve got network marketing let’s make sure we’re crystal clear and what those two different terms mean start with the definitions okay affiliate marketing is where you are simply referring customers people to someone else’s product say you bring the customer they someone else provides the product and you get a percentage of the sale pretty simple straightforward you make the sale you get the money it’s kind of a one-to-one ratio there for your efforts network marketing is a bit different you it it’s similar you’re you are making sales but you’re also recruiting people to do the same thing so you’re making a percentage of each sale that you personally make but you’re also able to make some money off of the people that you’re bringing in so say you you recruit some more people and they start making sales that will benefit your paycheck your your commissions as well so you’re building a team and selling in network marketing and an affiliate marketing you’re just selling that’s it so just so we’re crystal clear to begin with otherwise it’s gonna be very confusing conversation so let’s first talk about the pros of both and as we get into the pros and cons of each of these I want to preface this conversation by saying that Todd and I have made a lot of money in both of these areas we’ve been very successful in network marketing and in affiliate marketing so we do have a good understanding of both and the whole home business industry as a total at that hole okay now network marketing also known as multi-level marketing let’s talk pros whether what are the good things about network marketing honestly it’s a really good way to ease people into being an entrepreneur and to really turning on that entrepreneurial mindset I know for me personally it definitely was I was scared of the whole idea of owning a business and network marketing kind of really gently ease me into that and I’m a very different person today and I couldn’t have jumped right to that I had they kind of be eased into it along the way so that is a very good thing about network marketing an additional thing that some people who really really look for is that it doesn’t require tech skills you can do network marketing well honest and completely offline if you want but even online network marketing is typically done with very low low tech skills right just faking basically talking to people on Facebook that’s really it so for people who are scared of technology or don’t like technology it’s a really good option for them it’s also a great option for people who just are people people right they love spending their time with people they love being around people all day because it is a relationship based business and guess what you’re gonna be spending a lot of time with people and if that’s your joy that’s what you love fabulous that’s a really good thing for you in network marketing another thing that’s great within a pro if you will of network marketing is that is when you see someone who wants to do something pretty casual right they want to make a little money on the side which is something casual hosting some parties doing a little of this maybe a vendor Fair on a Saturday a few times a year or something like that people who want to just make a little exercise cash talk to people make some friends and do it casually network marketing is awesome for that I’ve got some very people I’m close to very close to in my life that just crush it with that that it’s fun they just make some extra money bonus right and they have fun doing it and it’s and it’s a great fit for them now if you’re willing to put in the work now invest your efforts now and into the hustle into grinding it out for long term gains there is some huge potential income long term in network marketing okay because what you do is you actually leverage other people’s work so while you make a lot less money on the sales you personally make in network marketing comparing that to what you make in affiliate marketing over the years you can have the potential to build a very very large organization and when you’re making a little percentage from a ton of sales from people all over the country or all over the world that can get pretty big and that’s where what really excites people about the potential in network marketing is to be able to leverage other people’s work and to make to earn money off of other people’s work as well one will put it in the column in the pro category here for network marketing you’ll hear these stories if you round long enough once in a blue moon you’ll hear stories of people who are placed in the right spot they really didn’t have to work too hard and they made some really good money don’t count on this this is like hitting the lottery but it occasionally does happen when they have the right sponsor and they find just one person who takes action okay who really runs it does happen so there is a chance you could win the lottery so that’s a benefit within network marketing now when it comes to affiliate marketing there is huge income potential in affiliate marketing much much faster for people that treat it like a business then you would say see in network marketing so you’re going to see bigger income faster in affiliate marketing there’s a quicker return on it and that’s because you get paid a lot more per sale in affiliate marketing especially the digital products which is the realm that we like to live in you’re looking at Commission’s between 30 and 50 percent typically of the sales price that’s huge that’s a lot of money that allows you to put some advertising budget behind it and still make really good money compare that when dollar value wise and in network marketing your people are typically making 3 to 5 percent of the sales price when they make a sale well you can’t really put advertising budget behind that and you’re not gonna there there has to be massive volume to make real money their affiliate marketing you can make decent money a lot sooner because that percentage is just so different you’ll hear this if you pay attention and start learning some different things about affiliate marketing they consider it a get paid now program get paid now is affiliate marketing versus network marketing which is more get paid later and network marketing you’re putting in the hustle and the work now the money comes later even you’ll make some money upfront but the big money is down the road years down the road five to seven years down the road in affiliate marketing you put in the work now you get paid now which for a lot of people it is really exciting and what they’re looking for when they want to get out of a job fast when they want to be home with their kids quickly you know all of those different reasons people want to make money now you definitely want to take a close look at affiliate marketing versus network marketing because that’s the type of the way that it’s set up okay where’s network marketing you have to really wait for that team to develop and to take off before you get into the big money now a pro of affiliate marketing is if you are a hard worker you’re a hustler you’re a grinder and if this is you you know this is your personality you know that you get things done okay affiliate marketing is probably really good thing for you because you’re able to make good money off of your efforts instead of trying to find someone build a team of people that can work as hard as you because you’ll be hard-pressed to find someone that’s willing to work as hard as you and to find a team of people that will work as hard as you it takes a lot of patience and pouring yourself teaching and mentoring people who say they’re gonna do it and then don’t actually do it you see that a lot in in network marketing they’ll end up quitting and you’ve wasted a ton of time with them or they don’t ously quit but they never actually produce good results for you and so you’ve put all that time and energy into it and to people that don’t produce results versus an affiliate marketing you’re able to put pour that time into yourself and you know that you work hard and you take action then you have a lot more income potential for that amount of action as well so if you’re a hustler and a grinder and you’re ready to just crush it and you know that that’s your personality you’re gonna stick to it take a very hard close look at affiliate marketing to maximize your income potential if that’s really what you’re looking for now another Pro and for me this is great because when we started in network marketing our family friends acquaintances didn’t know I want to buy what we had to offer they just didn’t and we just had badgered them and until we kindly we just stopped listening to our upline and trying to force people who weren’t interested in purchasing and we took a different route in our business that came online but typically in network marketing you’re going to friends family acquaintances people that you know who like and trust you to make sales at least initially that’s really your warm market you hit that first in network marketing affiliate marketing doesn’t have anything to do with your friends family your neighbors or acquaintances which is really nice because if you’re not relying on them in order to make money and it really helps protect and buffer those relationships which in my book that’s a that’s a big plus a big thing as well as affiliate marketing a big Pro you can find affiliate marketing programs out there that do most of the work for you which is nice so you just have to learn how to do one thing to generate leads right to in order to make money so generate leads you you’re getting your message in front of an audience and collecting having them opt in essentially to something you’re generating leads that’s the one skill that you have to master to learn in order to make money so one skill that’s important we’re gonna talk about how many sales you need network marketing in a minute but learning one skill to making money that’s pretty do a full right there’s really really helpful to being able to turn a profit quickly okay so I really like that another big Pro of affiliate marketing is that you can automate sales you can automate sales and you’re not gonna be able to do that much in network marketing because again that’s a people business that’s a relationship based business affiliate marketing not so much you can create sales funnels and different cool things to walk people through being exposed to your product and walking them through actually getting more information following up and purchasing and so you can create systems where you’re not actually out there hustling calling people whatever work in the phone’s to actually close sales you’re out at the beach and you’re closing sales so that’s a really big plus of affiliate marketing and the other half of that it’s very related is that a flea marketing really supports a great lifestyle so once you’ve you’ve learned you can learn the basics you’ve got some good stuff down and you’ve got a great program that does most of that stuff other stuff for you and you’re just generating lead after lead you can get your work done in a couple hours a day and you can go off and live your life be a mom go travel go sit on the beach you know go boating fishing whatever your thing is affiliate marketing really allows you to unplug and to automate and that is a really big thing for many people so that’s an important thing to notice or to note another thing that’s cool with affiliate marketing is that you can scale up quickly with paid advertising so once you start learning what you’re doing you’re gonna and you’ve got something that we say converts right you know that when get this offer in front of enough people you’re gonna get a percentage that actually opt-in and purchase and stuff that you’re gonna learn along the way as in your journey but just so you understand you’re gonna get to the point where you understand that if you put in $1.00 of paid advertising you’re gonna get $2 out or a dollar 50 or $3 or whatever it happens to be for you and the systems and automation that you set up in your business that’s really cool because guess what if you know if you put in $1 and you get $2 well guess what you can scale that up so if you put in a hundred dollars you get $2 or $200 right and if you put in a hundred thousand dollars you get out two hundred thousand dollars so it allows you to scale and grow quickly which is really cool another thing that we really like about affiliate marketing is that it teach you some really valuable skills okay it teaches you great marketing skills that you can then use later if you decide to create your own products which we definitely advise people to do creating your own products opens massive income streams for you and your family creating your own digital products in particular so affiliate marketing is gonna give you the skills to be able to do that to be able to market something whether that’s a meal plan that you create an exercise program a training course whatever if you’re if you learn how to be go to affiliate marketing marketer first whatever court of course or digital product or anything that you create you’re gonna know how to market it and to make money with it so that’s a huge plus as well another good thing about affiliate marketing is that you don’t have all of the restrictions if you will that you often have in network marketing and in network marketing especially when you get up to the leadership levels you know if an affiliate or a distributor that doesn’t really do much they’re not gonna care that you’re in or come after you necessarily if you do multiple network marketing companies and I know it some people that do they’ve signed up for this ascend for that they don’t really produce much in anything so no one cares but as you get into really producing and really creating volume and getting into leadership levels you bet your mom that they are going to come down on you if you have more than one opportunity because you sort of represent the company for them and there’s a lot of legal stuff and everything involved and they will not let you promote more than one network marketing MLM company so there’s that restriction in network marketing and you don’t have that in affiliate marketing your business is your business you can promote whatever you want which is really cool and allows you to have multiple streams of income and to monetize all of your leads and your audience that you’re building in a lot of different ways so we really like that as well now let’s turn to the negative side sorry but we gotta do it it’s important the cons of network marketing in the cons of affiliate marketing so the cons of network marketing network marketing requires people skills and posture and that is a very very difficult thing for a lot of people to figure out how to be postured right how to have that posture about sales and and in opportunities and products and it’s a very very challenging thing to figure out for a lot of people especially with certain personality types it’s very very difficult and especially for those that aren’t people people right if you’re not a people person it’s also very challenging because it requires those sorts of people skills being able to talk to random people all the time building instant rapport that’s those are people’s skills and so that is a challenge for a lot of people trying to do network marketing the skills that you have to learn in network marketing all of them there’s a lot and that’s it that’s a con for sure because you have to learn all of these things before you start making money and that’s a challenge for people but let’s go through them you need to to learn the skill of being able to continue to meet and connect with new people all the time whether that’s online or offline you need to grow build the skill of meeting new people all the time you need to build the skill of not just saying hello to people and introducing yourself but actually building some sort of rapport and level of familiarity with people quickly that’s a skill that you have to build you have to be able you got to build the skill of being able to prospect people you know see if they’re open to taking a look at your opportunity or bringing up your product with them so you have to learn that skill you have to learn how to properly expose people to your opportunity or product because there’s trust me a lot of wrong ways to do it we did almost all of them at the beginning of our journey and you have to learn how to do it though well you got to do it the right way and that’s another skill you have to learn you have to learn how to follow up with people because not a lot of people are gonna sign on the dotted line the first time you talk to them so you have to learn how to follow up with people appropriately and you have to learn how to close the deal I close the sale and for a lot of people this they’ll maybe be able to muddle through all of those other things they got people through it they’re interested but they’re not able to actually go for the sale they can’t close them that’s hard that’s that’s a definitely a challenging skill for a lot of people to learn but in order to make money you have to learn all of those skills because you only get paid when you’ve done all of that and you’ve closed the sale and so that can be very challenging for a lot of people and there’s a ton of people that struggle with it because of all of those things you have to learn first to be successful another definite con of network marketing is the potential to damage relationships from your friends and family when you start to get what we call commission breath where you’re always pushing the opportunity on people you’re always pushing the product on people and it really can harm your personal relationships people start uninviting you our start uninviting you two different events for the family they just don’t aren’t excited to see you because you don’t shut up about blah blah blah right and they’re like we’re not interested we’re done we’ve had you hear about people unfriending their own moms or sisters or whatever on social media same thing right it can it has a potential when done poorly which it often is to damage relationship so that is something to put into consideration as well another challenge for network marketing is that okay all of those skills that you had to learn to get some luck to making money now you have to work to help your team do the same thing now your team remember in network marketing you’re not only making sales but you’re recruiting people to make sales so you’re building a team of people to work with you and yes now you’ve you’ve made it through you’ve mastered all those skills and you can make sales okay great now you got to turn around and teach all these other people to do it and you have to support that team ongoing so you’re always on if you will okay you’re always looking to when you’re out at the mall when you’re doing different things when you’re in an uber right you’re looking at ways to get people you’re looking at ways to introduce to prospect people you’ve got your game face on right how can you prospect them okay that for me personally I put in the con inside of a network marketing because I want to just be present with people and just have normal conversations and enjoy their to enjoy their presence versus trying to figure out well how can I pitch him where can I sneak it in right so for me that is is definitely a con also you’re always on in the fact that you’re supporting your team whether that’s three-way calls or emergency calls for different things here and there you’re gonna have to be taking phone calls all the time right and annual talk if you if you talk to an honest leader in network marketing and talk to how many phone calls and family dinners and important events that have been interrupted by having to take these phone calls it’s a lot so it’s definitely a con when it comes to the network marketing there’s also a bit of stigma and emotions involved that are difficult for a lot of people to overcome to get sales so the whole pyramid skiing thing and it’s a scam and bla bla all these different things that people not necessary they may have it deep down there’s conscious that they’re doing it and all of their friends and you know they’re hearing it from their friends and family and they’re feeling it inside of themselves and it’s hard for them to overcome that to know how to respond to that too but actually believe deep down inside that it does work and all that kind of stuff so there’s definitely some challenges with that now you can work really hard in network marketing and not make a lot of money okay in hopes that someday it’s gonna pay off down the road when your team getting blows up right so that is definitely a con because yes it has huge potential but think about it guys we’re in in a very ever-changing world we’ll put it that way where companies shutdown compensation plans change team leaders they’re Kings below you leave so there’s really no guarantee that the work that you’re putting in now is actually gonna pay off later so there’s definite risk involved in investing your time and energy now hoping it pays off later when there’s not an actual guarantee of it so you’ll if you can hustle it out now yes you’ll make some money but you’re not gonna get into the big money until you’re years down the road and all of that stuff eventually pays off and there’s no guarantees so that’s definitely in the con category for network marketing typically you need to stick stick it out for about five to seven years it’s kind of what people say industry average in order to really get to that you know lifetime income kind of thing where you get to stop hustling so you hustle it out five is seven years building a massive team getting tons of sales and tons of volume underneath you and then in five to seven years hopefully your team is very large and it’s self-sufficient you’ve produced enough leadership underneath you in your organization that it’s growing on its own and you can go live on your island by yourself right or whatever you want to do network marketing is also we’ve mentioned this before but it’s a people business right and so you can never really automate your signups and your team building so if you like to just check out and shut down for the day and go be with your family or go do this or go to that it’s not like that with network marketing you’re gonna be have to work the phones it’s not you know put in two hours in the morning and then you’re free it’s your calling you’re generating leads your calling leads your closing sales you’re doing follow-ups you’re calling your team members and working with them so it’s very hands-on and it’s during those five to seven years it’s work it’s not the automated kind of stuff that you can do in affiliate marketing and that being said you can end up wasting a lot of time on people who are gonna quit or who never produce because remember you’re spending all a lot of time investing you’re into them to teach them how to be successful on how to do what you’re doing so yes that was a long list but it’s I want to be real with you and help lay this out so you can make the best decision for you and your family okay let’s flip over to affiliate marketing and the cons with in affiliate marketing you’re going to have to learn marketing right and network marketing you really don’t you those those skills that I listed out that’s all you got to do all right you never have to learn marketing you don’t have to learn online marketing you don’t have to build that skill set up in affiliate marketing yes you are going to have to learn those skills and you’re going to have to learn some level of computer skills if you’re gonna do online affiliate marketing so you have to accept that you don’t have to be a tech genius and I know some very successful affiliate marketers that call themselves a digital dingbats right before they can’t they say they can’t do this so they can’t do that they’re not techie but they can still be affiliate marketers but you will have to learn some level of computer comfortness right you’re gonna have to do stuff on the computer a con of affiliate marketing is if you don’t treat it like a business you’re not gonna make money because guess what you only get paid off of your sales so you can’t ride off of someone else’s coattails what you occasionally can do in network marketing where someone else is just producing like crazy and who you’re making money from it even if you’re not doing much affiliate marketing know you gotta treat it like a business now eventually right once you learn what you’re doing you can automate most of what you’re doing so you still have that freedom level but you have to treat it like a business you got to grow those skills and get it all set up to do that all right now some people would consider this a con I think of it as a as a positive but I’ll let you decide okay but you’re gonna want to get into paid advertising eventually even if not at the beginning but eventually you’re gonna want to get into paid advertising to scale your business up now I see this as a positive because you can scale your business up put in it all or get $2 I think that’s awesome but it does scare some people the idea of putting money into paid advertising so he did definitely want to make that really clear for you now depending on your goals and what you want to do I hope you have see a winner for you what really fits what you want to do in both your business and your lifestyle now we like I said before we’ve done both we’ve created success in both network marketing and affiliate marketing but one thing that I want to throw in here to guys is that we’ve seen a lot of people who’ve struggled in network marketing who are hustlers and workers that they just it just hasn’t come together for them in network marketing do really well in affiliate marketing so I want to put that bug in your ear if you’ve been struggling in network marketing because we’ve seen a lot of people struggle there and do well in affiliate marketing so keep that in mind now if you are trying to figure out how do you even find affiliate programs I’m sure you have some friends in network marketing that will gladly sign you up into network marketing but how do you choose the best affiliate program if that’s something that you want to do or just explore further for your business well we’ve got a link it should be the top of the description here on the video below the video if you’re on desktop and it we shot a video I did a video where I explain exactly what to look for and what to avoid and how to maximize your profits all of the stuff you need to really consider for an affiliate program especially for beginners there’s some very specific things that you want to find in a program so you can click on the link to see that video and and to really make a good decision on on what kind of affiliate program what a field program you’re going to work with also if you just want to look at our recommendation for an affiliate program which actually crosses off a lot of the things for beginners and people looking to go fast definitely it’ll be the second link in this in the description of this video our number one recommendation for an affiliate program last but not least guys if you’re currently doing that work marketing and you love it we do know people that who do well in network marketing and then also add additional income streams in affiliate marketing so that does happen very successfully I mean that’s actually what we did so people are successfully doing both at the same time so I hope you got some really good insights you took some good notes you got your eyes opened a bit on the possibilities and what’s truly really involved in both network marketing and affiliate marketing so you can make the best decision for you and your family if you found some help in this if it was helpful in any way shape or form definitely like the video give me give us a comment now give us some feedback ask any questions that may have come up for you as we were going through this and share to your very favorite social media site because someone you know could definitely benefit from this information and again if you have not yet subscribed make sure to subscribe so we can give you all kinds of great online leveraged marketing strategies and teach you how to make money online take care

Comments are closed.