Affiliate Marketing Strategy

So what are the cons?

There can be Income Uncertainty as Earnings can be unpredictable and fluctuate based on market conditions, this could also be changes in merchant policies.

The second one is that there could be high competition, it's what we call a low barrier, which means many people are involved in affiliate marketing, making it a highly competitive field. However, choosing the correct products or services is very important.

Lastly, you are dependent on third-party sources, which are merchants and affiliate programs. This could lead to changes in commission structures, program closures, or product discontinuations that can impact your earnings.

It's clear you need to work with a good brand that has all its ducks in a row, meaning you need to make sure that the Affiliate program's products or services are of high quality.

Always go for high-ticket items, yes the sale could be few and far between, however when you make a sale it will make up for it. You will find with high ticket sellers, that the brands are of a high standard.

In our Affiliate Programs Affiliates are making six figures, but that's because the services are of a high standard and we are a divisional brand, so there are many divisions in our brand and many divisions to sell.

So moving on to creating your own business

Now I am not going to lie, starting a new business is hard, especially if you want it to be a real business, not something made of plastic which will last five minutes.

You see when you start a business, many people don't think big enough from the get-go. We've had clients and they have had business ideas, and we have told them many times, to think bigger!

If you are going to start a business, do it properly, as the 1000 hours you will need to put into it needs to be worth it, and when I say 1000 hours, I mean 1000s of hours.

This is why our start-up business service program's four pillars of business abundance was created, to take those hours away from you, take away the pain of creating your business, and having your business built correctly the first time around, rather than taking two steps back and three forward.

So what are the pros and cons of starting a new business?

Lets start with three pros

Being your own boss means you have complete control over business decisions, operations, and the direction of your company.

If you are successful, and many aren't, a new business can change your life, and the people you love life, giving you and them significant financial rewards compared to a regular job.

And it's that Flexibility, you can create your schedule, work from different locations, and potentially achieve a better work-life balance.

That all sounds great doesn't it, so what are the cons?

As I mentioned starting and growing a business typically requires a significant time commitment, often more than a regular job. The problem is when you are starting a new business you already have a job, balancing the two is very hard.

I've added this one but, for me and my team, we like it, Market Competition, when you enter a competitive market it can be challenging, requiring you to effectively attract customers.

Finally, Running a business involves a high level of responsibility and can be very stressful, particularly when facing challenges or setbacks, especially if you have no idea what you are doing, which many start-up business owners have.

So, do the pros weigh out the cons? What do you think? Let me know what you think in the comments section.

Don't just throw us a like, we want to hear from you

So there you have it, you decide?

Remember, if you have a business idea or you have started a business and need help, you can always book a free 45-minute call through our Business Development Website.

That's nearly an hour free guys, jump on it!

I'm John Thompson, this is the Takeover Strategy

Love and Light x

Both Affiliate Marketing and Starting your own Business have Pro's and Con's, I am sure you will make the right decision.

Here are some Key Elements to take away from this blog post which are both Pros for Affiliate Marketing and Starting your Own Business.