Click on the link below to discover the #1 skill to making money with affiliate marketing. What do you think it is?
Hey, today I want to answer the question what's better affiliate marketing or binary options trading. The short answer is affiliate marketing.
Lately, many people I talk to on Facebook seem like they are doing binary option trading. To quote Warren Buffet I don't know a lot, but I stick to what I know and it's a good saying.
The biggest thing you should worry about with binary option trading is the scam. It could also go by Bitcoin trading where you invest around $250 for a robot to do the trades.
It looks like you are making money on their website, so the scammers try to get you to invest more money to get more returns.
When you try to take your money out, you run into all kinds of problems. Basically, your money is gone and that is the scam.
They are not all scams, and you can make money with binary options. You might be wondering what the heck it is.
An option refers to a contract that gives you the right, but not the obligation to buy or sell a stock at a certain price on or before a certain date in the future.
Binary options also called fixed-return options have an expiration date and time and a predetermined potential return.
You can use it on the expiration date. If the option settles above a certain price the buy or seller of the option receives a certain amount of money, if the option settles below a certain price you get nothing.
What I don't like about binary options is there is a lot of gambling to it. Many variables are outside your control. You also have to risk a lot of money to get money.
You also have to time the market, you pay a high commission to do it and you pay short term capital gains tax.
Most people lose money, just like in a casino and this is why this type of investment appeals to gamblers because it's gambling.
What about affiliate marketing, how is that better?
Affiliate marketing is really a sales job and you work for someone else. All the customer service, shipping is handled by someone else.
Depending on the program your involved with you can keep 100% of the money for the low ticket items. You can also sale a few products and make a few thousand dollars, depending on the program.
It's very flexible around your current schedule and that is another benefit.
It does cost some money for the education. You would need education for any business venture because it's the smartest investment. The right education will save you lots of time, money and frustration.
You also don't need a website to make money with affiliate marketing. It's optional I do have one where I pay $9 a year for the domain and hosting you can get for $3-$6 a month.
You do need an autoresponder to send out messages and grow a list.
This autoresponder can cost anywhere between $10-$20 a month. What is even more cool is you can do affiliate marketing without an autoresponder by teaming up with another marketer and using their sales funnel.
This means the money you make every month is all profit, you just need internet service. There I low risk and high return.
In the end I like affiliate marketing because it makes sense to me, and I just get it. I understand nearly everything about it.
If you are going to try binary option trading, I would recommend learning as much as you can about it.
The same thing with affilaite marketing, find someone really good and learn from that person.
If you want to give affiliate marketing a chance, there is 1 person I highly recommend you check out. He has been doing affiliate marketing for 20 years and he is very good.
I guarantee you will learn some things that will help you. To view who this person is and why I recommend him so much click on the link below or go to Trustthelink.com.
I hope this video on affiliate marketing and binary option trading was helpful, if it was please hit the thumbs up button. Also, your feedback is always appreciated.
Have you made good money with it, am I wrong? Please share your thoughts in the comments. Bye for now.
- Online Business