There are countless ways to make money online, and two of the most popular options include investing in cryptocurrencies and affiliate marketing. But of the two money-making concepts, which is better? Let’s have a look.
Investing in Cryptocurrency vs. Affiliate Marketing
1. Cryptocurrencies a Lot Newer than Affiliate Marketing
In comparison to affiliate marketing, cryptocurrencies are relatively new; and so is cryptocurrency investing. Therefore, putting your money into cryptocurrency investing means have to deal with quite a bit of uncertainty. For instance, virtual currency prices have proved to be quite volatile; and this can be a challenge to investors expecting to see them behave like regular currencies.
On the contrary, affiliate marketing has been around for much longer. Therefore, it is a safer bet for those who can handle it. People have been making money through it for nearly two decades. So, there is more information on how to make money through affiliate marketing; and a lot more prove that people actually turn a profit by becoming affiliate marketers. The same cannot be said of cryptocurrency investments.
2. Cryptocurrencies Offer Greater Potential Rewards than Affiliate Marketing
The potential for making a lot of money in a short amount of time is greater with cryptocurrencies. These currencies are very volatile, and for those who know how to exploit these dramatic changes in currency values to their benefit, there are huge profits to be made in days or even weeks.
Affiliate marketing does not work that way; you have to spend some time setting up your site and optimizing and promoting it so that it starts to bring in affiliate profits. It could take several months before you get your first ever affiliate paycheck. But with cryptocurrencies, your first profit could be earned on the day you make your first invest investment.
3. Affiliate Marketing Not as Easy as Cryptocurrency Trading
More effort is required on the investor’s part before returns can be made through affiliate marketing. For instance, you will need to have a large amount of site visitors who are specifically interested in the affiliate marketing product or service you are promoting to make a decent amount of money.
Building such a system requires time and effort, and often times, money. On the contrary, you can get started with cryptocurrency investing right away, all that you need is the capital to get started. In fact, not much capital is needed to get started with cryptocurrency trading.
4. Cryptocurrency Trading Much Riskier than Affiliate Marketing
Additionally, cryptocurrencies are extremely volatile and a riskier. Also, the introduction of new cryptocurrencies has become pretty commonplace. That is why today, dozens of cryptocurrencies exist. Unfortunately, some lack the market traction to turn into fully-fledged currencies and fail.
Others cryptocurrencies simply fail to bring in the expected returns. All these are risks investors have to contend with while venturing into the world of cryptocurrencies. Affiliate marketing is not as uncertain, once a good system is in place, making a profit is relatively easy.
Both cryptocurrency investing and affiliate marketing can make you money. In fact, people make money through these investment channels all the time. It is a question of whether you have what it takes to make an income from either of these investment methods. Basically, those going into cryptocurrency investing should understand how to deal with unusual market volatility. Similarly, those who want to profit from affiliate marketing need to learn more about it in order to get the kind of traffic that brings in affiliate profits.