When it comes to marketing, there are a lot of different strategies and terms that get thrown around. Two terms that you may have heard are Affiliate Marketing and Network Marketing.
But what exactly is the difference between the two?
Here’s a look at affiliate marketing vs. network marketing to help you decide which one is right for your business.
You want to get clear on how they differ so that you choose the right thing for you.
But this will also help you if you’re looking to add a second revenue stream, if you’re already working online and you’re looking to add something to your repertoire to another revenue stream coming in, you want to make sure you understand the differences.
What is Affiliate Marketing?
Affiliate Marketing is with you when you partner with the company and you promote the thing that they promote, whether it be a physical product or a program, and you sign up to promote their thing.
That means you get your own link and when you are sharing online, you’re sharing your link or in conversations, if the person buys you earn an agreed-upon commission.
Okay, so that is affiliate marketing.
What Is Network Marketing?
Network Marketing, also known as multilevel marketing, is when you grow a team of people who are all promoting the products of the company, the products that the company you’re partnered with produces, you grow a team of distributors and you start earning from everything your team does.
Whether that be bringing in new business partners or making sales on the product, right?
So you earn from a certain amount of levels down.
You’re building a team, which means you’re recruiting, you’re building a team, you’re offering the business opportunity to two people and then you’re working with your team.
Okay, so let’s talk about some of the similarities between affiliate marketing and network marketing:
Both of them are marketing so you’ve gotta learn some basic marketing skills…
But here are some of the differences in Affiliate Marketing:
- You’re not really recruiting.
- You’re not building a team. If you’re promoting a program, you are kind of recruiting in a way because you’re going out there and you’re offering that program to people, but you’re not signing them up onto your team and you’re not making money from their efforts.
With Network Marketing:
When you’re building a team, you’re getting paid for the efforts from your team that is producing, selling products, or bringing in new business partners, right?
For people who do not like to recruit prospects, whatever word you wanna use, then affiliate marketing might be the best way to go because not everybody wants to prospect, recruit, and build a team.
So here’s what I do. I’m an Affiliate marketer. But I’m also a Network Marketer🤔.
But here’s the thing I chose to partner with a network marketing company that is not just straight-up network marketing, it’s an Affiliate Marketing and Network Marketing Hybrid.
It’s a hybrid and it is sexy. So what does that mean? Exactly?
It means even though it’s network marketing, a person on my team does not have to recruit to hit one of the highest ranks in the company, meaning you can just be essentially an affiliate and promote the product and never have to recruit and build a team if you don’t want to.
And then, of course, I’m a trainer for all things rapport building, prospecting, and closing.
It’s one of my favorite things to train on.
So I have that training available for people when they join my team, even those who don’t think they want to get into building a team if they change their mind, the training is there for them, right?
So they can build a customer pod and make really good money that way.
And those who decide they want to build a team and earn from all the efforts of their team can do that as well.
So that’s what I mean by it’s a hybrid model.
There’s the customer side and there’s the team building side, it’s like two, it’s a dual-sided compensation plan, which I’ve never even come across.
I didn’t even know this kind of business model existed in the network marketing space.
So I was all over that. I love building a team and working with my team.
But I know a lot of other people don’t.
It’s a personal choice.
So there you go. I hope that helps you have some clarity.
You’ve got to know the difference when you’re talking to people because if people think you’re hiding something, that doesn’t usually go over very well.
Okay, so anyway, if you want to know exactly what I do, the company I’m partnered with in the hybrid model I was talking about, but then also what I do in affiliate marketing, anything like that, I’m always happy to share what I’m doing in my own business.
It’s never a secret. So you can always just ask if you want to know what I’m up to and I’m happy to share that with you.
Okay, awesome. Thanks for joining me. We’ll see you soon. Bye.😍