Does it require any funding or experience?
E-commerce, affiliate marketing, and dropshipping each have varying requirements for funding and experience:
E-commerce: E-commerce typically requires more upfront funding compared to affiliate marketing and dropshipping. You'll need to invest in inventory, website development, marketing, and potentially warehousing and fulfillment services. While having prior experience in business, marketing, or sales can be beneficial, it's not always necessary. Many e-commerce platforms offer user-friendly interfaces and resources to help beginners get started.
Affiliate Marketing: Affiliate marketing generally requires minimal upfront funding, as you don't need to create or purchase products. However, building an audience and establishing trust with your audience may take time and effort. While prior experience in digital marketing or content creation can be helpful, it's not strictly required. With dedication and consistency, beginners can learn and succeed in affiliate marketing.
Dropshipping: Dropshipping typically requires less upfront funding compared to traditional e-commerce because you don't need to purchase inventory upfront. However, you may still need to invest in website development, marketing, and customer service. Prior experience in e-commerce, marketing, or sales can be advantageous but is not mandatory. Many dropshipping platforms and tools offer resources and support to help newcomers launch and manage their businesses.