Every day, millions of people click online for a variety of reasons. From researching information to finding a date, the internet seems to offer just about everything. Work and employment has by no means taken the back burner. Thousands of people are clamoring to the internet everyday in an attempt to earn a daily income, make some money, or get financially free. And it is being proven time and time again that “there is money to be made on the internet”.
From research projects, to software engineering, the younger and eager generation is presented with a boundless array of opportunities to show off their intellectual properties. Certainly, there is no shortage of work or possibilities online since cyberspace is “virtually” limitless.
But what about investments, network marketing and the vast array of “get rich quick” schemes? Do they really work? Can you really trade in your measly $20.00 for a comfortable paycheck of $2000.00 to $5000.00 per month? The answer is “yes and no”.
Let’s take a brief moment to examine network marketing. As a network marketer, you are selling something that you already own–a membership to a website in most cases. Let’s say you pay $19.95 to become a member of company “Make You a Star Dot Com”. Your $19.95 will be payment for the product (usually information, training and marketing tools). On top of that, you have the potential of making money by “referring others” to the company “Make You a Star Dot Com”. When they join by clicking on your affiliate link, they are placed in your “downline” and you earn a fraction of their membership fee… as well as the membership fee of the people they sponsor–up to five levels deep.
Many people are of the misconception that the membership fee of $19.95 is paid for an income opportunity alone. And that they need to sit back and wait for the checks to start coming in. Of course, it wouldn’t be off the mark to say that these people were deceived into thinking so. Many network marketers do not place emphasis on the value of the product they are selling in their advertising campaigns, or what the product really is or offers. All they tout is the potential to make money just by joining. This is an impractical proposition–if everyone pays 19.95 to receive $5000.00, where does the money come from?
A typical network marketing company may offer a cutting edge training center prepared by experts aimed at making an entrepreneur out of you. It will give you all the tools, advice and information you need to run a successful business, online or off. It may include sections for example on “setting up a legal entity”, “bookkeeping and accounting”, “ecommerce and merchant tools”, “self improvement”, “real estate” etc.
And that’s just the tip of the iceberg. If you join a network marketing company, by all means, make use of what you are paying for. Go into the training center, or resources section, or back office, or whatever you call it, and max it out…get your money’s worth. The “two thousand to five thousand dollars per month” will come on the side!
In order to become a successful network marketer and earn a six figure income in the least amount of time, any “Guru” will tell you that you need to understand how to use an autoresponder programmed with a newsletter, ezine or follow up emails. It is an established fact that people tend not to buy into a program on the first pitch. So if you’re thinking of investing your precious time into this lucrative field of business, think “autoresponder, follow up messages, and subscribers”. At first, learning how to use such tools might seem like a daunting task, but like most computer technology, once you get to know it, it becomes pretty simple and transparent.
A typical network marketing company will also provide training, tools and resources on how to recruit others into the company. These may include autoresponder training, Google tutorials, web design and various other advertising strategies. However, to avoid the mass of confusion and possible wastage of money associated with first starting off in network marketing, it is best to join under a successful network marketer who will show you exactly how to copy his/her success in a no-nonsense, simple and step by step process.
By: Patrick Carpen
Posts Tagged ‘Paycheck’
What is Network Marketing?
December 30th, 2009Importance of Network Marketing Training
December 10th, 2009A good MLM training newsletter is worth a million dollars to a distributor in Network Marketing. Unfortunately, most MLM companies’ network marketing training programs consist of barely motivational meetings on conference calls. MLM Network Marketing Training -MLM Success- The Biggest People Principle The Deepest Principle of Human Nature is to be appreciated.
A point of debate about network marketing training is if it’s possible for a “15 Second Appointment Close” to attract people to look at a business opportunity. When good network marketing training is used, it actually can show people how to ad 30-40 enrollments to a network marketing downline weekly. That is The Secret to Network Marketing, as it is all about creating a WildFire of Success in your group, with people who want their life to burn with Success, not mediocrity.
These are the people in your group who “see” the big picture, and know that it is BUILDING a Network Marketing business that will create volume and bigger mlm paychecks. You will hear that many times, and it is a sign that new beginnings are at hand, and many people are looking at doing better and enlarging their MLM business and paycheck in Network Marketing. When the Smartest People in the Room see the hype masters doing their “hype thing”, they smile, and quietly get back to building a mammoth business in MLM and Network marketing by making it all about everyone but themselves.
Many people have “phone-phobia,” and I am amazed that they can talk to anyone on the phone about most anything, but when it comes to this network marketing business, they freeze up and many cannot do it. You want to find the people that are motivated for your network marketing business, and talk to them. At a Private Business reception, or In Home Meeting, you can talk to many people at once, which is more EFFECTIVE than doing all one on one network marketing appointments. » Read more: Importance of Network Marketing Training
The Power of Network Marketing
September 30th, 2009According to a 2006 Yahoo poll, two-thirds of Americans want to venture out and create their own home business.
Most of us have been approached by someone, maybe a friend or family member, who is trying to sell us the latest vitamin or home product. They have just joined “the best company” out there and you need to get in on this deal before it’s too late.
They are Network Marketers.
This is the vision most of us get when we hear the words Network Marketing or Multi-Level Marketing.
But the truth is, when done right, Network Marketing can be one of the most powerful business plans available today. The most important part of the previous sentence is “When done RIGHT”.
Networking allows anyone and everyone the chance to create their own business. Do it for very little money down and start part time after work or on weekends.
The problem:
The lure of easy money and testimonials of a few people who are making 6 figure incomes or tens of thousands of dollars every month have drawn thousands to the ranks of network marketing. They have been promised that they too can achieve this amazing wealth but are never trained to do it. Hence around 95% of them fail.
They warn their friends to stay away and bad mouth any person or plan they see that mentions network marketing. Network marketing has become the most maligned industry in the U.S. today.
So why should you want to start a business that involves Network Marketing. Because the 6 figure income is possible; you just need to get past the negative word of mouth and see how when done properly the Network Marketing Business Plan allows you to do something you love, be your own boss and still make a very nice living.
Here are some of the top reasons you should consider network marketing as your entry into a home based business.
1. Time Leverage – For most of us, we go to work, we put in our 40 hours for the week and we get a paycheck for the hours we put in. We trade our time for money. The only way to make more money is to put in more of our time or if you’re lucky, convince your boss to increase your pay.
Networking Marketing, however, frees you up to increase the time you get paid for. As you build a team and increase the number of people working with you in your downline, you also increase the number of hours worked in the business. You get paid for your 40 hours a week but you also get paid for the hours they put in.
This is leveraging your time.
Now let’s say you decide you only want to work 10 hours this week in your network marketing business. If you have 20 people in your downline that also decide to work 10 hours this week, you will get the benefit of your hours and theirs. That’s a total of 210 hours. Can you imagine trying to work that many hours at your “real” job this week? You only need to put in 30 hours a day!
As J. Paul Getty said, “I would rather earn 1% of 100 peoples efforts than 100% of my own efforts.”
2. Duplication – According to the dictionary duplication means … “To make an exact copy of” or “To repeat”.
For network marketers it means teaching, showing and helping other people to repeat or carry out a series of actions. Duplicating yourself means teaching someone else to follow a simple set of plans and repeat what you are doing. They in turn will duplicate themselves and your business will grow. This will result in your organization growing and taking on a life of its own.
This is how to begin to leverage your time.
3. Residual Income – The true power of network marketing is the power of residual income. It is the ability to get paid over and over for years to come on the hard work you do today.
When you first start your business you have not yet duplicated and therefore don’t have any time leverage. The hard work of planting the seeds will develop and grow into a wonderful harvest. The harvest is the residual income you earn from developing and leading others in planting their seeds.
This duplication creates time leverage and in turn creates a residual payout from the work of the downline you have grown.
Working and helping others to achieve their dreams builds your success. This is the TRUE POWER of NETWORK MARKETING. Your success depends on the success of those you train. It is in your best interest to help those below you and build them up. It’s a business plan of helping others instead of climbing over and stepping on those below you to reach the top.
4. Tax Advantages – Creating a home office can be one of the smartest things you ever do. Having a network marketing business that you work out of your home allows you to take advantage of many tax savings. The only requirement is that you do your work like a business and keep records of all the things you do. A journal is a great way of doing this and it’s easy too!
By having a home office, you can write off part of your house mortgage and the costs to maintain that part of your house. You can write off your car, lunches at the restaurant, trips, and many other things you are already doing. As long as the cost is business related and you document it, you can write it off.
The tax advantages gained by opening up a network marketing business out of your home can save you hundreds if not thousands of dollars each year. So before you have even signed up any downline or sold any product, you are already, in a sense, making money from your home based business.
Network Marketing truly is a powerful business plan. It makes everyone work as a team towards a common goal; A goal of success!
No business works itself.
There is no such thing as free money.
But there is a way to leverage your time, duplicate yourself, and create a residual income that can truly make your dreams come true.
It’s all in the POWER OF NETWORK MARKETING!
By: Michael Tomberlin
