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What Is MLM/Network Marketing?
Here's Wikipedia's description: "Multi-level marketing (MLM), (also called
network marketing, direct selling and referral marketing) is a term that describes a marketing structure used by some companies as part of their overall marketing strategy.
The structure is designed to create a marketing and sales force by compensating promoters of company products not only for sales they personally generate, but also for the
sales of other promoters they introduce to the company, creating a downline of distributors and a hierarchy of multiple levels of compensation in the form of a pyramid.
The products and company are usually marketed directly to consumers and potential business partners by means of relationship referrals and word of mouth marketing."
The mlm business model has been around for years online and offline, and before committing yourself it is essential that you carry out your own due diligence ie. make
an informed decision, after researching the pros and cons, as to whether this is the right business for you.
It is possible to make money, especially with the aid of the internet - more millionaires have been made since the advent of the internet than in any other business. The
crucial thing is to find the right company with the right product, and then build a good team to build your business. Your team is vital, and to build that team you
need to market yourself, not the product. Offer your prospects support and added value, and they will join you. Together you can succeed.
Affiliate Marketing
This business model rewards you for each visitor or customer
you bring to their site through your marketing efforts ie you get paid to sell someone else's product. This is perhaps the easiest way to make money online, but
you need to keep promoting in order to keep earning.
A great place to start, whether you plan to concentrate on network marketing or affiliate marketing, is Commission Maximiser
which optimises any website you choose to earn you additional affiliate commissions (you can take a look here at
my site to see how it works.)
AffiliateJumpstart offers a free ebook, videos and
other useful hints on affiliate marketing online. If you feel that having to promote online is too difficult, but would still like to make some money
online, you can join MyAffiliatePay and for a small one-off payment you can
earn a share of revenue from various related affiliate sites.
Most online sites have an affiliate program, including some social networking sites, so even if you're not setting up a business, you may
already be part of something that you could make money from by promoting it - check in your 'back office' (eg.
Paypal, Ei42 an online shopping
portal etc)
Remember, you should aim to build multiple streams of income, so that you have lots of small amounts coming in rather than expecting
to start earning millions overnight from one miracle program! So every time you join a program, whether its to advertise or educate
yourself, see if there's an affiliate program. Then if it's any good, you can tell other people about it and gradually build up your
earnings empire. I have made steady small amounts from several traffic exchanges, and from other tools I use on a daily basis, so don't discount
this source of income.
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