Affiliate Marketing and MLM (Multi-level marketing) are two popular ways to earn extra income nowadays. We have seen people earn 6-figures and also people failing in affiliate marketing and MLM. The first question you need to ask is, “can affiliate marketing/ MLM help you earn extra income each month?”. The answer is yes. Both ways have the potential to earn you extra income each month. How much you can earn mostly depend on yourself. In this article you will know which one suits you.
MLM or Multi-level marketing is a business where you promote product that you represent, and you get commission from your own sales and your downline sales. But the real profit in MLM is not derived from the sales you made alone. The only way to earn good amount of income is to recruit a lot of motivated downline under you. When you involve in MLM, you need to be a really motivated person, loves to meet new people, a social person, and most importantly, you are not afraid of rejection.
Your MLM leaders will say that you don’t have to do direct selling, you just need to share the opportunity. When you first join MLM, they will ask you to list all prospect that you know; this includes your friends, family, cousin, your co-workers, church members and the list goes on. The question here, do you like sharing the product/ opportunity with them by talking or inviting them to home meeting? If yes, then MLM is definitely for you. The more people you talk to, the more probability you will get a customer or new downline signup.
Next one is Affiliate Marketing. Just like MLM, you are promoting someone else’ product where you will get percentage of commission from each of your sales. In affiliate marketing, most product that you will be promoting are digital product. This means, the product can be downloaded from computer, or delivered via CD by the merchant. In affiliate marketing, meeting people in real world is not necessary. You can promote the product through digital media such as Facebook, blog, forum, and articles.
There also potential to make residual income from affiliate marketing. This can be done by promoting a product or services that pays you recurring commission. Product that pays recurring commission can be a monthly membership and services such as autoresponder. So, if you are a person who are not really a social person in real world, you can choose affiliate marketing. The best thing about affiliate marketing is that, you don’t have to face rejection. It is because your prospect that comes to you is them who really need the solution your product or services can offer.
Have you decide which one to choose between Affiliate Marketing and MLM? Let me summarize this in a simplest way as possible. It depend mostly of what kind of person you are. If you are highly motivated, and love to talk and work with people, go for MLM. If you like to work alone and build your business mainly from Internet, affiliate marketing is for you. Both have the potential to earn you extra income but it depends on your effort. Just like any other business, you need to put some effort and work hard. If you willing to do it and stick to what you do and believe, you will see results faster than you can imagine.
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