Should You Create Your Own Product Or Do Affiliate Marketing Instead?

I've been making money online for a long time. Around fourteen years actually. I've seen everything under the sun. Believe me, I've seen some pretty crazy stuff.

But the question that I get asked most often from new people just starting out online who want to make some serious money is this: Should I create my own product or should I just market someone else's affiliate product?

That's a really great question, and one that I will answer in this article for you today.

First off, the broad answer is; it depends! I know a lot of people don't want to hear that, but it's really true. Whether to dive right in and create your own product or start off slowly by marketing someone else's is a question that is different for every person.

First of all, what is your background? It's cool to make money online, but it IS a business. Do you have any sort of business skills? Have you worked in business in general? Have you owned your own company before? Do you have seed money to get you off the ground? These things all come into it when determining how to start.

For instance, you may need to start a limited liability company or a corporation. Do you know what that is? Have you done it before? Do you know how to do it?

These are questions that need to be answered before you move forward. Why? Because they are relevant if you want to create your own product. There are tax reporting issues, customer support related issues, insurance issues, etc that need to be addressed.

On the other hand, if you want to dive right in with affiliate marketing, you don't necessarily need to address any of those things. You may want to form a corporation to shield your tax liability a little, but strictly speaking, you don't have to do that.

Affiliate marketing can be as simple as picking a product on ClickBank, signing up for free as a ClickBank member, getting an affiliate URL, and sending traffic to that URL. Then when people buy the product, the purchase is handled completely by ClickBank, you just have to wait for your check to arrive in the mail giving you your cut.

Of course, it's a little more complicated than that, but you get the idea. It's MUCH easier to get started in affiliate marketing than it is to start your own company selling your own product that you create.

So keep these things in mind when deciding how to get into Internet marketing. Its a very rewarding field, but it ain't as easy as some people would lead you to believe!

I often recommend if you don't have a lot of business experience, or technical experience in computer programming and such then you test the waters first with affiliate marketing before jumping into the deep end and creating your own product from scratch.

There's a lot you can learn from affiliate marketing that you can use when you do take that final step into building your own product, and there's no real easy way to learn without first jumping in and doing affiliate marketing.

Jason has been writing articles online for over thirteen years. When not writing about marketing, Jason runs a wildly popular quality office supplies web site where he finds you killer deals on pink office supplies in honor of breast cancer awareness month.

Article Source: http://EzineArticles.com/?expert=Jason_Markum

The Benefits of Creating Your Own Product

Today, there are many different ways to make money on the internet. From selling on E bay, to being an affiliate marketer for many different products, to buying and selling stocks and many other ways in between! In this article, I am going to show you one of the best ways to generate a good income.

Many people think becoming an affiliate marketer is the best way to make money online. Affiliate marketing is a great way to make money quickly, but there is a downside to this also. Below are a few questions to think about before you decide to be an affiliate exclusively:

1. What if you can’t find a good product to promote? Then your income doesn’t get very large. Or, if too many people are promoting the product, you might not be able to make as much money as you would like or maybe none at all.

2. What if the merchant stops selling the product for any reason? This does happen. You could be promoting a product which accounts for over half of your income and the merchant just quits. Then you have to start all over again and find another product to promote. You then need to rebuild your customer base in order to make up your lost income.

3. What if people get tired of hearing about the product? People might get tired of the affiliate’s promotion efforts. This can be a problem not only with people getting tired of the affiliate’s promotion efforts, but can also be an over saturation problem. This can cause a lot of money to be lost for the affiliate marketer. A lot of affiliates find not only are they promoting one product but every other affiliate marketer and their brother is promoting the same thing!

These are just a few reasons why you would want to create your own product instead of or along with promoting someone else’s.

Another obvious reason to create your own product is you have complete control of how you want to promote and sell it. You can decide if you want to have an affiliate program or not. You can allow your affiliates to promote the product any way they see fit, or put restrictions on some marketing methods like email marketing in order to protect yourself and reputation.

Some merchants do that in order to keep themselves from getting in trouble with spamming. Keep in mind you are also building your own business based upon your brand.

Branding yourself and your business is important. People will recognize you when they see any product you are promoting. As you become known for creating quality products, people will want to buy, and affiliates will want to promote you because they know you create quality. It’s much smarter to focus on growing your own business and brand with a product you create.

Another benefit is you have complete control over the price of your product. Some people don’t price a product properly and then it doesn’t sell. If you are an affiliate marketer promoting someone else’s product, you wouldn’t make any money on the product if your customers thought the price wasn’t worth it. But since you aren’t the merchant, you don’t have any control over the price. You may also find you are getting a lot of charge-backs, which is another way to lose money very quickly.

If you are a product creator, you may end up having a whole army of marketers selling for you. This is called leverage, and is an excellent way to make lots of money. You as the merchant are now on the other side of the affiliate marketing coin. Yes, you have to pay a commission but with multiple affiliates selling for you, your income can just skyrocket!

I’m sure you can see these are good reasons to create your own product, rather than selling someone else’s, or in addition to being an affiliate marketer. It is always better to be in control of your product and sales than to be at the mercy of someone else and not be completely sure if you will be able to generate an income.

Steve Crofford is a successful internet marketer who has a passion to help others become successful in their online business ventures. Do you want to learn more about creating your own product and building your online business? Go to http://surepointmarketing.com/product_creation.html.

Article Source: http://EzineArticles.com/?expert=Steve_Crofford

Greg Meares
Greg Meares

Hi There,

I hope business is well for you in ?

IMPORTANT: Just Released! Get Your Own Hot selling Product.

Learn More