For some people, this is the way to go. I have met a few people over the years that swear by it. I know a few people who make over $100k a year working their multi level marketing program. The unfortunate part about it is that they were the only one making money. No one on their team was duplicating the efforts they were doing. Weather they were selling vitamins, travel, a gas saver product, lotions, potions, pills, candles or juice beverage products, I have tried it all and it was a difficult task for me. Once I ran out of my friends and family to bug about my new business, once I had two or three home parties, I ran out of leads, so I started buying leads in hopes to try to convert some people into my business. That is so much harder than it sounds. Sure I made sales, but by the time I was getting to the next profit level, the people who I brought in 2-3 months ago were dropping like flies. This is why I could never make it to the next big payout level of the commission plan. For some reason, I would always fall short of the next bonus payout or car bonus. Usually, I would fall short of personal volume or group volume or I would have enough on my left side, but not enough on my right side, so I would miss out on the big payouts, month after month.
This got to be the same old stuff you hear about why MLM doesn't work for most people and the only people making money were the people at the top of the pyramid. People with Giant downlines and people that have been in the game for a very long time and lists of tens of thousands of prospects to market to. For any New marketer signing up, good luck. I once watched a stay at home mom put $13,000 into a business to quit within a year. Most of us are smarter than that and would have quit after a few months and maybe only lost $1000 down the drain, but this person was persistent and did not want to fail. So she kept plugging away until they had no money left and when gas prices went to $3.50, the father of the family couldn't afford to put gas in the car. So much for helping out.
The only thing we have found on the internet to work for most people is a direct sales company that pays you 100% of the sale. Organizations That have a price of less than a $1000 to start. This is the only way you have a chance to succeed. Beware of the $1500 to $5000 programs, the start up company and program jumpers. The absolute truth about start ups is that they have no proven track record. You have no idea if they will be in business two years later. Watch out for people who jump ship every time a new program comes out on the internet. Most importantly, be careful of the program that costs more than $1000.00. They are hard to sell, no matter how good it sounds.
I hope this helps your research in determining a company that you can be proud to represent.
There is sometimes confusion about what exactly an affiliate program is, and how you can actually earn a residual income using one. Sometimes you may get confused because you are bombarded with ads telling how you can make large amounts of cash through an affiliate program. Then you receive ads saying that any program offering an unlimited income is a scam. Both are extremes. Affiliate programs are found almost everywhere you look, even with large companies starting to offer them. It is very important that you learn the truth about earning a residual income in an affiliate program before you write it off as a scam.
Affiliate programs have two basic functions:
The first function is to sell a product for a commission. Companies set up affiliate programs so they can get their product marketed by their affiliates. This is not only free marketing for the company, but also allows the affiliates to make a residual income. The company usually gives the affiliate a website where they send customers. The website is coded with the affiliates ID so that every sale made on that website is credited to them, which in turn results in a commission being paid to them. All the affiliate has to do is market their website.
The second function of an affiliate program is to build the program by recruiting new affiliates. Besides selling products, the website also gives people the chance to become an affiliate themselves. When people sign up on an affiliate website, the affiliate then gets a commission on anything the new affiliate sells from their new website. This continues as each affiliate signs up more affiliates. It is a win-win situation for everyone involved. The company is getting an amazing amount of free advertising and all they had to do was set up and monitor the affiliate program. The affiliate members do the rest. Many major companies are seeing the value of affiliate programs and are implementing their own programs.
Many affiliate programs advertise that you can make large amounts of money with their program. While it is true that an affiliate who sells a lot of products and builds a team of affiliates under them who also actively sell and recruit can make a large amount of money, it is not that simple.
First of all, setting up a stable and strong team is difficult. There are so many people looking to make a quick dollar with little effort, that half the people who sign up for these programs never even carry through and end up quitting. The commissions paid to affiliates on the product sales are usually rather low so you need the collective efforts of many team members in order to make substantial commissions. So, it is possible to make a good income, but it will take some time for you to grow your team of fellow affiliates.
Affiliate programs also scare some people due to their close resemblance to a pyramid scheme. Any of you who have been interested in working at home, or building a business have surely heard of a pyramid scheme. A pyramid scheme does involve recruiting people to sign up in order to make money from their efforts, but the main difference, and the reason affiliate programs succeed where pyramid schemes fail, is that affiliate programs have an actual product to sell. If a program has a product to sell that is useful and something people will buy, then it is a legitimate affiliate program and not a pyramid scheme.
Affiliate programs do offer a great way to build residual income, and I do urge you to investigate them more. You can be quite successful with them if you are willing to treat them like your business and work hard.
Both David Lewis & Tom Childs are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
David Lewis has sinced written about articles on various topics from About Branding, Gardening and Work From Home. David Lewis Is A Direct Sales Expert Specializing In Helping Folks Become successful working From Home Through 1on 1 Training, List building, and Driving Targeted Free Traffic & Advertising.. David Lewis's top article generates over 33100 views. to your Favourites.
Tom Childs has sinced written about articles on various topics from Residual Income, Environment and Network Marketing. Tom Childs holds an MBA from the University at Buffalo, and is involved with several highly successful internet businesses.Visit Tom's "Home Business Success Training Journal" Blog Site:. Tom Childs's top article generates over 22200 views. to your Favourites.