B250 Week 3

This week in B250 we discussed the drop ship method and the affiliate method for our trio of entrepreneurs. The affiliate method was most preferred but I do think that the drop ship would be more involved and produce a higher return. With the affiliate method, they would mostly be advertising for another company and product. It’s not really very involved, however, I do think that it would be a good starting point in getting a business going. Once their website is going they can start adding their own products and grow it from being an affiliate method to more of a merchant method. From the articles, it seems that they would prefer to grow a business and not just live off advertising someone else’s stuff. There isn’t much of a return from an affiliate site either, so in order to make money they would need to grow the site.

This has made me think more about what I want to do for a site. I am definitely leaning towards the affiliate method. There isn’t much time left in my day right now to get deeply involved with a project and this seems like I can get it going and it will run itself with minimum time from me. There wouldn’t be any packaging or inventory, it’s just connecting customers with the product. The only downside is that there isn’t much for profits from it. Even that isn’t really a problem because I can always grow it later when I do have time.