Glad to e-meet you all!
I'd like to give you a brief overview of my Entrepreneurial journey to date and get your perspective on some thoughts I have about where I could go from here. I would love to get your input and viewpoints if you would be so gracious as to impart them to me!
I have been on my Internet Entrepreneurial journey for a couple of years now and have been doing it full time (pretty much) for a little over a year.
I have started a number of businesses over that time and have had limited success until this year when my new DropShipping business took off and this has provided me with some much needed income at a time I really need it.
This of course has been a great outcome, however I realise that I still have a lot to learn and an long way to go before I can really say that I can make ends meet with only income from my business(es).
I understand that learning to be an Internet Entrepreneur takes time, effort and money, and that I will likely fail a number of times before I really get something off the ground.
However, failure is really just a learning opportunity and I'm learning a lot
I come from an IT background and this, combined with my recent learning and experience in Internet Marketing / Commerce, means that I have fairly good exposure to systems and general methods and approaches. However, I still have much to learn about sales.
While, as I mentioned, I have experienced some level of success recently with my DropShipping business and I see potentially large opportunities in ECommerce in the near future, there are a number of significant challenges with ECommerce which have recently become apparent.
I can also see clouds on the horizon due to the current state of the global economy which may culminate in a depression. If that happens, even ECommerce may suffer greatly; if people don't have money to spend, they won't be buying much from anywhere.
In this scenario however, I do see opportunities in certain areas, which would be best be serviced via delivery of digital products, which have a lot of advantages. This could be in the form of direct sales of products (PLR/MRR), or sales of other's digital products via affiliate marketing.
The heart of my quandary comes down to the following:
1) Taking into account my past experience and the current state of the market, do you think that getting into digital sales / affiliate marketing a good idea at this point?
2) If so, which do you think the best approach for me would be; direct digital product sales or affiliate marketing of digital products?
I see advantages in both approaches, but I have no experience in either, so I would appreciate the benefit of your collective experience to help guide me.
Thanks in advance