Yes, you have a website or a blog and your own products at amazon, you want to use them to promote products and services. Should you become an affiliate marketer and promote your own product and other people’s products as well? The Answer is Yes. Affiliate marketing is less stressful and more flexible than owning and selling your own product but selling your own product would give you more control and could be more lucrative. Neither is infinitely better than the other: it is left to you to choose what is most suitable for your situation and long-term goals.
Own Product affiliate benefits
- You Get To Build Your Own Customer List
Creating your own product means you get to build your own customer base and even get affiliate marketers to expand that customer base for you. Your customer list is yours as long as you are in business and continue to keep the customers satisfied. Customers are the most important part of a business venture, and having your own customer list is a plus for you and your business.
- Full Control of Your Product
You make it, you own it. Your product is yours to do with as you please. You are the one who determines the cost of your product, how to market it, what your target audience is, the amount you’d like to set as a discount, and all of that.
- Profit is 100% Yours
Everything you earn from the sale of your product is completely yours. Unless you have hired affiliate marketers who will take a percentage for making the sales possible, you can use your profits as you wish. You can reinvest in your product, upgrade your website, and you even hire more affiliate marketers. The profit is yours; no one can tell you how to use it.
- Very Lucrative business bundle
Having your own product can be a very lucrative business. The income potential is very high, especially once the product has been established on the market. As your customer base increases, and the products you have to offer increases, so will your income increase.
- You + affiliate Marketers Can Broaden Your Market
Using affiliate marketers can increase your reach exponentially. Affiliate marketers have blogs and websites and strong social media presences that garner great amounts of views every day. With that kind of reach, affiliate marketers can make your product highly visible and increase your customer list.
- It Is Good For Strengthen Your Future Business
Owning your own product and making it a good one gives you and your brand a good reputation. Good reputations go a long way in making sure that you stay in business, as it means you are trustworthy and an authority in what you do.
- Reduce your monetary Investment
You don’t have to invest in anything financially to become an affiliate marketer. No payments, nothing. Just have an internet connection and a computer with a website, and you are good to go.
- No Extra Time Investment for content
You are not creating something from scratch: you are only promoting what someone has already made. You don’t need to put in vast amounts of time and effort into creating a brand new product. You just promote that product for customers to see and buy.
- You Can Sell Your Products and Others’ As Well
You can promote other products with your products as complementary products. Affiliate marketing and owning your own product can actually be a combined business venture.