Week 3

 I learned a lot this week that I never knew. I have heard a lot of the terms but had never learned what each of them meant before. My favorite things that I learned about this week and what I believe I want to try are the Affiliate marketing and Dropshipping. I found these two options super interesting especially since you do not need huge start-up funds for either. I was curious about which ones would be the most helpful for me and this is what I found out.

• Affiliate marketing:

• Pros:

• Low startup costs

• No need to own inventory

• No need to worry about shipping or customer service

• Cons:

• You don't make any money unless you make a sale

• It can be difficult to find high-quality affiliate programs

• You're competing with other affiliates who are promoting the same products

• Dropshipping:

• Pros:

• Low startup costs

• No need to own inventory

• No need to worry about shipping or customer service

• You can make money even if you don't make a sale (through upsells and cross-sells)

• Cons:

• You're at the mercy of your suppliers

• You may have to deal with returns and refunds

• It can be difficult to find high-quality suppliers