Affiliate marketing, MLM networks, network marketing, multi-tier affiliate marketing. If you are confused about the difference between them, then by reading this article, you will get a better understanding of what each of these terms mean and which one is better for your business.
A lot of people wonder if they should go with affiliate marketing or network marketing. If you ask an affiliate marketer, he will most likely convince you that affiliate marketing is the best way to go. If you talk to network marketer, he will probably tell you that theirs is the best option to consider. Essentially each has its advantages and drawbacks but both of them can make you richer.
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What Is Affiliate Marketing?
Let’s talk about affiliate marketing first. This marketing means that you would be selling products or services for someone else, and from each sale, you would get some commission. The commission varies with each company. All you need to do is promote or advertise their product and you are through with your responsibility. The owner of the product takes care of the shipping procedure, customer service and the like. You only have to worry about the sales part.
What Is Network Marketing?
Network marketing is slightly different. In network marketing, you make money not only on the sales that you make directly, but you also get compensated when the people below you sell something and so on. Now here, the number of levels varies from company to company. The idea of making money on other people’s work appeals to many, which explain why, network marketing is such a popular business.
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Which One Is Better?
So far, it may seem that network marketing is definitely better than affiliate marketing. However, when you consider the actual profit in both the cases, you will find that it varies substantially. Generally, profit is quite high in affiliate sales.
If you want to make your network marketing very successful, apart from selling the product, you would need to do many more things. You have to motivate the people working below you to make sales and teach them to help the people under them sell more. So your role in case of network marketing is that of salesperson, teacher and motivator. If you enjoy teaching and working with people, then network marketing is probably your area of interest.
Affiliate marketing, unlike network marketing, does not depend on your ability to convince friends and family to invest their savings by joining levels below you. If you don’t want to worry about having to motivate or educate other people to make sales, then this is definitely a better choice for you. Here you would need to worry only about what you would have to do to make money and how to motivate yourself.
Whether you choose network marketing or affiliate marketing; you are making a decision that can make you plenty of money if you’re ready to put the time and effort needed in it. It is quite a win-win situation for everyone.
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