The method
Use this prompt in ChatGPT to get a structured analysis. Input your niche. It will provide pros and cons specifically tailored. Refine results by specifying target audience or business model, enhancing relevance and actionability.
The prompts
Prompt 1
Analyze the pros and cons of affiliate marketing in the [Niche] niche. Consider factors such as startup costs, potential revenue, time commitment, competition, and risk involved. Provide a detailed breakdown suitable for someone with limited experience in online business. Evaluate both short-term and long-term implications. Include examples of successful and unsuccessful affiliate marketing strategies in this niche.
Prompt 2
Compare and contrast the benefits and drawbacks of affiliate marketing as a business model against other online income strategies like e-commerce, freelancing, and content creation. Focus on aspects like scalability, required skill sets, and potential for passive income. What are the key indicators that someone should choose affiliate marketing over these alternatives? Provide concrete examples of when each model would be most advantageous.