Category Archives: Affiliate Business Model

Traditional Business VS Online Business Model

Introduction

traditional-store

Running a traditional business is like a brick and mortar business, which usually carries with problem of overhead cost and logistics.On the other hands, running online business is more or less similar to running traditional business that still needs to handle all kinds of those customer support and fulfillment. However, the main difference is that online business does not need to open a physical department store to attract customer, so, it saves a lot of money for rental and decoration of store.

Comparison between traditional business and online business

To compare the operation steps between traditional business and online business is as below:

Steps traditional business Online business
1 (same) Seek for winning products to sales Seek for winning products to sales
2 (same) Setup a merchant account to authorize for trading the products Setup a merchant account to authorize for trading the products or join affiliate program
3  (diff) Setup a department store to attract customer Setup a web site or online platform to attract customer
4  (diff) Setup Marketing Campaign and Advertisement to promote products Setup Sales Funnel, Marketing Campaign and Advertisement to promote products
5  (diff) Employ salesman/saleslady to handle customer request

5.1 Employ salesman/saleslady to handle customer request for merchant

5.2 if you join affiliate, some affiliate company will handle customer request

6  (diff) Handle logistics to purchase, store, sell and delivery products

6.1 Handle logistics to purchase, store, sell and delivery products

6.2 if you join affiliate, affiliate company will handle logistics

7  (diff) Handle after-sales Support or customer complain

7.1 Handle after-sales Support or customer complain

7.2 if you join affiliate, affiliate company will handle after-sales support

According to operation steps comparison table, step # 3 is the main difference. For steps #5 to 7, you can get some benefit by using affiliate service which I will describe in another article “What is the best Business Model for internet marketing – your own business VS Affiliate ?” as link <<HERE>>.

Prerequisites for Running Online Business

onlinebusiness

Running online business needs other kind of skill-set which is difference from traditional business. You needs to spend a lot of time and effort on online business to build a website, write copy, create a “how to” eBooks etc. If you do not good to work on multi-media, such as writing articles, graphics, taking photo, produce video, etc, you may find it is very difficult to attract customer. For example, you need to create an attractive articles or photo to promote your product in web. However, if you like it but just do not know now, it does not matter because you can easily learn from classroom lesson or online lesson. Hence, online business has its pro and conv, you can think whether or not you are suitable for online business.

Bonus

One of the proven New Business Model for online marketer is this Internet Market Revolution’, click link <<HERE>> to find detail.

What is the best Business Model for internet marketing – your own business VS Affiliate ?

Introduction

seller-imagesIn traditional, most people realize that ‘doing business’ means Merchants/Resellers. If you want to evaluate whether or not justify to invest on a business, you can use “Return of Investment Method (ROI)” to analysis, which means you calculate the difference between the potential profit and cost of investment. If the difference is favor, you can justify to invest on the business.

Difficulty for Starting your Own Business

Nowadays, most Merchants go into what’s called drop shipping, where you get your products from a particular supplier and get them shipped out to the consumers, so the Merchant in this case never actually receives the product. Other merchants use their homes as a warehouse, but usually this is not a good idea if you don’t want your house to get crowded with things. These are most common problem for starting business, especially for home business. Moreover, for most business beginners, it’s extremely risky to try and start your own business from scratch because statics shows that less than 20% of new businesses starter can succeed.

Benefit of Affiliate Program

Because of the difficulty of starting your own business, I will propose that joining affiliate is much better than do your business. With affiliate, you can get a guaranteed product or system that is proven to work.

affiliate-flowYou can get the leverage of using their affiliate brand, and to leverage off their advertising campaigns, their proven products and sell funnels. Affiliate can reduce the risk of failure. On the other hand, its drawback is that the initial cost of affiliate may be higher than that starting your own business.

Benefit for Business Beginner

If you have no business experience, I strongly advise you to start on some kind of affiliate business; then you can start earning with minimal effort. In additional, most affiliate company will provide you training, teach you how to sell and how to attract and handle your customer. It can absolutely be a good business model for internet market beginner. Consider being an Affiliate first, then after you build your foundation and customer base, and understand customer’s buying behavior, you can plan to start your own business on it. It is more safe, don’t it ?

Bonus

One of the proven affiliate program is MTTB which sell a series of products for online marketer. It is excellent for you to learn and start you affiliate business. You can check their detail <<HERE>>.

Important Element to Get Start Online Business

Introduction

If you are going to create you OWN online business. I think you firstly need to obtain the following THREE elements:

  • Education,
  • Websites,
  • Expert Help.

onlinebusiness-helper

Description

I find a web site https://my.wealthyaffiliate.com which can provide these three elements with low cost or even free trial. Its training material is the most complete in the market, and also with very low cost. Actually, this web site is a community with many helpful members, who are not going to selling you anything like other online marketing web sites. I ensure you will get a lot of online marketers’ help and support from it. I have already spent a lot of money on buying training material and consultant support from other online business training web sites so far, but no use. Finally, I stayed in this web site, https://my.wealthyaffiliate.com. I ensure you will like it. It is worth for you to try, no harm. Sign up a FREE account to try via click this <<Join WealthyAffiliate Community>> link. If you have any queue on WealthyAffiliate Community, you are welcome to leave me message via my <<contact us>> page.

GOOD LUCK.

Bonus:

As a bonus of this page to welcome you visit my site, I would like to introduce a free WordPress web site to you. You are welcome to create by your own web site as below. Even-though you do not want to join this WA service, you can also try their FREE domain web site, called SiteRubix domain. It is WordPress based platform, and the most popular and easy to use platform for online marketer. Most online business need to have their web site, and you need it, too. It is 100% FREE. You can try by fill-in below text box input as below. If you have any queue on creating WordPress web site, you are welcome to leave me message via my <<contact us>> page.