I Am NOT a Corporation! But I'll Take the Profits!

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What do you think are the keys to earning BIG BUCKS on theInternet?First, let's break this down into two categories.
Category #1 entailsoffering an extensive line of products, extensive services,depar... What do you think are the keys to earning BIG BUCKS on theInternet?First, let's break this down into two categories.
Category #1 entailsoffering an extensive line of products, extensive services,departmentalizing your web design, accounting, billing, shipping,receiving, marketing, sales, inventory, personnel management,staffing, administration...Whoa! What is this? I am not a corporation! I'm one person with aPC in my bedroom, screaming kids, barking dogs, a skepticalspouse, a regular job, and two hours between the kid's bed time andmine to try and make a difference in all our lives.So, what's category #2?Category #2 is affiliate programs or MLM.Ok great, but what are the keys there? Actually, they are almost theopposite of the keys to success for the category #1 business. Thereare 3 main points, and each intertwines logically with the other.
Herethey are.LOW INVESTMENTPart of the magic of network marketing over the Internet is how littleit takes to get started. In fact, it's a mistake to have a large initialinvestment.
The vast majority of MLM programs cost no more than$50 to join. In real world terms, starting a business for ONLY $50 isunheard of! On the Internet, however, it's a reality.
Many programspay commissions of 40-50% on referrals as well, making a return onyour investment incredibly fast.So why dump a large investment into a program BEFORE you cansee how well it will work for you when you can start much moreeasily with little to lose? Besides, the BIG Bucks do not come fromONE sale, but multiple sales generated by a large network in yourdownline, and that large downline is much more likely to develop ifthe initial cost to joining your program is a small one.GEOMETRIC PROGRESSIONThe real key to success in network marketing is through asuccessful downline. If you are a great recruiter yourself, you will dobetter than someone who isn't, but even still, there is real POWER inthe mathematics of geometric progression in a network.
Ideally, eachperson you recruit joins others in the next level under you, and they inturn create the next level beyond that. The numbers per level growexponentially so long as each member that joins also refers others.Again, low investment is one key that will ensure all referrals will inturn gain referrals themselves.The POWER for creating wealth lies in the numbers, not in anythingyou do individually --- EXCEPT being a good sponsor that helpsdevelop successful downline members.
Remember, working for themonly benefits you. Their success is your success.PROMOTIONThis is the one key shared by all businesses on and offline alike.
Youhave to advertise. It does not matter how good your program is if noone knows it's there.This is where you place your investment and money, not in the initialpurchase.
With a good program, however, you should never have toput outside money into it after your first promotional efforts. You stillkeep your initial investment low by using profits from sales to buy thenext round of advertising, or by using free advertising methods.If a program cannot fund itself after initial promotional efforts, youmust first evaluate the kind of promotion you invested in, and if youdeem that to be sound, you must then evaluate the program itself.Don't just keep pumping money into a program that does not makeenough sales to pay for itself.
If it's not making it, cut your losses andmove on. Find one that does.Unless you are a corporation, the Internet is NOT a place for a largeinvestment.
Invest a little and shoot for a lot.The only other aspect to consider is the product or products you areselling. Investing in programs that offer something of REAL valueWILL achieve better results.
Don't buy into a program based onhow well you like the payout unless that's all you're intending to sell.If you're out to sell something of value both you AND your downlinewill find the job much easier to do.There's still going to be an element of work involved no matter whatanyone tells you. However, the Internet and network marketingthrough an MLM do offer those of you with a PC in your bedroom,screaming kids, barking dogs, a skeptical spouse, a regular job, andtwo hours between the kid's bed time and your own, a way to makea difference in all your lives...
if you work hard, work smart, and DOIT! Source: Free Articles from ArticlesFactory.com .