Let me start by saying that I feel the most important issue that you should look at before getting involved with an internet based business is the pay plan. Why, well simply put you can eliminate a lot of ?scams? if you pay attention to what and how they say they will pay you. Even though this is the internet and making money can be easier than working in a shop or in an office the golden rule still applies ? If something seems to good to be true, it probably is? don't fall for these offers or there is a good chance that you will lose whatever you put into it. The kind of pay plan that I myself really like would be the residual pay plan, you may not make as much on the original sale but if it keeps paying you, than you really need to think about what this could mean for your income in a year. This is a decision you will have to make for yourself, but you should be aware of how the pay plan works and fully understand it.
I am going to try to give you the basic structure of an affiliate marketing plan. The plans themselves can have a lot of variation as far as the actual pay and the way they are set-up so I think I will use an example to help make this a little clearer. Let's say that XYZ Company agrees to pay you a commission on every direct sale you make of $50.00 and will pay you an override of $10.00 on all sales made by your personally sponsored recruits. With this example it is easy to see that you can make a nice check just by selling yourself, but if you can get some more people selling and keep selling yourself, your income is going to skyrocket.
Now, Traditional marketing this is one of the hardest and most expensive methods of marketing in my personal opinion. This would include all the traditional forms of sales including the ever so famous ?Door to Door? salesmen. I myself have had more than my fair share of this method and let me tell you it is not easy or even all that much fun. Then from there you could do the phone sales if you do not mind the ?no-call list? and again I can call on personal experience to tell you this is no fun and not always productive. There is also the traditional advertising media, newspaper, television & radio I can not say I have had much experience with any of these as I could not afford it. However, I am sure that there are many, many people and companies in this world that have made their fortunes using these traditional methods of marketing and there will continue to be fortunes made by using these methods. The real trick to any marketing plan is the ability to continue with it until you get the results that you were looking for and you're complete understanding of the law of large numbers. I must apologize to anyone that thinks this sounds one sided but as an insurance agent these traditional methods do not hold many warm feelings for me.
Roth Ira Vs Traditional
Network Marketing relate very closely to the concept of traditional franchise. Why people buy a franchise because it is branded and has a proven system to run the business and can still enjoy a nice return of investment (R.O.I) when execute correctly.
Let's take McDonald's franchise as an example. It may take half a million dollars or more to purchase a McDonald Franchise. After that a specific training system on how to run the business is given to you. You will follow the detailed manual to set up your restaurant, which ingredient to buy and where to order from, learn where the burger and French-fry makers go, what your employees needs to wear, and what to say.
You will also learn how to greet your customers, up-sell and thank them for coming. Every detailed information is all laid down in the manual for the franchise's owner to follow and run the successfully.
But McDonald's Franchise also does not guarantee success. It also depends on the location you pick to run the business, the employee you train and the management team you have. As a McDonald Franchisee, you also are required to pay royalties to the Master Franchisor.
Network Marketing Business is slightly different. You can position yourself as a franchisee and also the master franchisor. You will still be given the proven system to setup your business. But over here, since you are also a master franchisor, you are able to sell the franchise to other interested franchisee. And this is power! Because of this business model, many people are able to earn exponential income from network marketing if follow the step by step system correctly.
The entry level for network marketing is very easy. Anybody with age of eighteen years old and above can start the business already. The low start up cost and system attracts almost any one to kick start the business. Since it is a low investment, they do not approach as seriously as buying a half million dollars McDonald franchise.
Once they join, they do not follow the system, they experiment unproven methods, they promote to people when it's convenient to do so, and treat their business like a hobby. The worst part is that, they do not duplicate their success and develop leaders. That is why; many people did not succeed in the business.
In order to succeed in network marketing, it is very simple. Just follow the proven system and train others to follow the system. That's it!
Both Allen Henderson & Edmund Toh 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.
Allen Henderson has sinced written about articles on various topics from Marketing, Internet Marketing and Computers and The Internet. Allen Henderson is owner of Greensales4u.com and writes on a variety of subjects. To learn more about starting your own home based business earning 6 streams of income visit. Allen Henderson's top article generates over 12100 views. to your Favourites.
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