Archive for February, 2009

With the economy the shape it’s in, quite a few stay at home Moms are finding it hard to justify staying home with the kids. However, it is still doable for a busy Mom to stay home with the kids and make money from home. Most may even discover that this is less stressful than what they expected.

Selecting a work at home opportunity to create money takes determination and some research. They’re many techniques that will work with the life of a stay at home Mom. For you to be successful, any way you decide to take up should be capable of doing only a a little while each day unless you have lots of free time to use. Otherwise, if a work from home opportunity takes up all your time at home, it will be self defeating the reason of you working from home!

A work at home opportunity that many Moms discover useful for earning money during their time at home is Project Payday (you can find a Project Payday review here. By using this method, you will learn how to locate Internet Marketers willing to pay you to fill out offers from major corporations the likes of LifeLock. For this you’ll get anywhere in the neighborhood of twenty five bucks and it’s not unheard of to get more for some offers. Some work at home Moms do a few offers each day.

Online auctions are another quick technique that Mom’s can earn cash at home. There are many means you can use to earn cash from Online auction sites. 1 of the easiest strategies is to watch the Classifieds of your local paper and locate products to resell at a profit. It’s not uncommon to make as much as $1500 every 30 days or so by following this methoc and I know people who’ve made more. The idea that makes this successful is knowing a excellent product when you see one in front of you. Yet another good source of items to list on Ebay is Government Auctions and auctions that Storage companies have because of forfeiture due to unpaid storage fees. You’ll discover these advertised in hometown classified papers. Just be ready to bid on the day of the auction.

Etsy is an online auction site where individuals sell their crafts made at home. A lot of Moms who stay at home have made selling their crafts into a full time business making regular income by selling their crafts on Etsy. This is a popular site that lures a multitudes of individuals looking to purchase one of a kind crafts.

These are just three simple techniques a stay at home Mom can make extra cash. Mom can now start making money instead of thinking of ways of saving money on groceries. Now remember, use some common sense when thinking about work from home jobs to make extra cash from your home.

MLM, also known as Multi Level Marketing, can be an excellent method for achieving your personal and financial dreams when combined with the power of the Internet.

A multi level business model is utilized by hundreds of companies to move their goods and services to the end user.  In this article, my goal is to provide you with information on what this industry IS and what it is NOT.

I want to give you everything you need to make an informed, educated decision about whether or not this business concept is right for you.

Simply put, MLM (as we’ll call it here) is simply a business model for moving products and services from the factory to the marketplace and using a multi level commission payout plan (that’s where the term “multi level” comes in)!  Another term commonly associated with MLM is Network Marketing due to the nature of the program members working together as a team.

There are many myths about MLM companies, including that they are illegal pyramid schemes or scams.  For true MLM companies, nothing could be further from the truth.  Unfortunately, those who believe these myths, simply do not understand how MLM companies work.

First you need to know that Multi Level Marketing companies are 100% legal and many large multi-million dollar companies employ this business model to move their products from production to the end user.  The pyramid shape associated with MLM companies is the same shape as almost all non MLM companies.  There are always more workers in the lower ranks than there are senior managers, Vice Presidents, and CEOs.  If companies were not of this shape, they would collapse.

Some of the best known MLM companies include Amway, Shaklee, Tupperware, Princess House, a subsidiary of Colgate Palmolive, A.L. Williams, Mary Kay Cosmetics, U.S. Sprint, MCI, Melaleuca, and NSA.   These companies have been around for decades.

MLM is an explosive growth field and there are hundreds more MLM companies that, just like other companies, include some that are good and some that are not so good.  Today, more and more Fortune 500 companies are even embracing Network Marketing for a portion of their marketing portfolio!

So what’s the big attraction to MLM companies and programs?  Well, it represents a wonderful opportunity for the “little guy” to start his own business on a part time basis and make a whole lot of  money provided he or she is willing to put in some work!  This is not a get rich quick scheme and work is involved, no matter what some MLM recruiters would like you to believe.

John Paul Getty is often quoted as having said that he would always prefer earning 1% of a hundred peoples efforts than 100% of his own efforts.  And that is precisely what Multi Level Marketing is all about.  The Multi Level Marketing sales force members are not actually employees of the company, but instead they are independent distributors who are compensated for their efforts by commission based on the amount of product moved by not only themselves, but also by those whom they recruit as distributors.

What makes the business “multi level” is that each independent distributor can recruit other independent distributors to work under them and earn a wholesale commission on the amount products their recruited distributors move to consumers.  And this process can go on and on for some designated number of levels.  This chain of distributors is called a downline.

The more recruits a distributor can get under them, the larger their downline and therefore the larger their total commissions.  How many levels a distributor can earn commissions from in their depends upon the particular company’s compensation plan.  Five to seven or more levels is not unusual.

A strong incentive is thus created not only for a distributor to recruit more distributors for their downline, but also to train them to move products as well.  Thus a successful distributor will want to duplicate their success by teaching their downline members how to be successful.  By making their downline members successful, they make themselves more successful.

Those who can successfully recruit, train, and retain can create small fortunes and develop a large stable residual income that will support them for years to come.  Although not easy, it can be quite rewarding.

Millions of people are discovering the advantages of being their own boss and working from home with the MLM business model.  A basic computer, telephone, fax machine, a HUGE ambition, and the knowledge of how to proceed to grow your business are all it really takes!

7 Poor Reasons To Start An Mlm Business

Network marketing, or “MLM” can be a great way to earn everything from a small additional income to a generous full time living.

However, many people join network marketing opportunities without really knowing what they are getting themselves in to. This is probably one of the biggest reasons for the fact that some people have very low thoughts about this type of business.

Mlm works if you do it right. Period. Having said that, here are some bad reasons to join a network marketing program.

1) Earning “easy money”

I know – the mlm-companies are very good a promoting their business as a simple 1-2-3 process that anyone can do and become an instant millionaire. Especially online it has almost become a standard to use super long and totally over hyped sales letters.

This is the equivalent of claiming that anyone who can open a can of beans can be a master chef.

Don’t get me wrong, I do think most people CAN make it in mlm if they put their minds to it. But you must be prepared to learn many new things and you WILL have to work for it. Make no mistake about that!

2) Expecting that “spill over” will do all the work

Many mlm opportunities are built on what’s called a “forced matrix”. For example, in a 3×9 matrix, when you have sponsored your three first new members, the fourth will be placed under the first person you sponsored. This person has thus gained one person in HIS downline, without any effort on his part.

Now, some companies would have you believe that their top recruiters are so effective that the spill over from their marketing will automatically make you, who are joining at the very bottom right now, an instant success.

This is simply a pipe dream – it will never happen. Yes, you probably will get a few people spilled over into your downline, but nowhere near enough to guarantee your success. The sheer width of the matrix on your level, means that there is an enormous amount of representatives that will have to shear any amount of spill over.

And who says the top recruiters are as active as they once where anyway? Worst case scenario, they are now working on something else entirely, because their income in this particular opportunity is already secured.

3) Thinking that a product is so great it will sell itself

This is a classic mistake, because most mlm systems simply aren’t really about the product. This fact is difficult to swallow, I know.

As a greenhorn I remember joining this lottery syndicate-mlm, thinking that “everybody” would want better chances at winning the lottery – right? The disappointment was huge when I discovered the truth – some people even made fun of any attempt to mention this great new thing I had discovered.

Likewise, in mlm, it will not matter if you are selling a breakthrough product that contains every mineral and vitamin under the sun – if you do not understand what network marketing is really all about.

4) Doing an old friend a favor

We have all been there – an old friend you haven’t met for years who suddenly calls you and want to set up a meeting about something he will tell you more about when you meet…

I’m not saying that this couldn’t be a potentially good business. But calling all your friends is a very ineffective way to do mlm, and you should never join any opportunity only to do someone else a favor. Because in the end this is about you, your money and your career.

5) Earning a lot of money in a short period of time

Most mlm testimonials always seem to go something like this:

- In my first month I made $800 and now, in my third month, I have been able to quit my job and…etc.

While not outright lies, testimonials like these are usually collected from individuals who, through luck or skill, managed to join this particular opportunity from the very beginning. They are simply at the top of the pyramid and they often know exactly what they are doing – they’re the mlm experts.

Like most offerings, mlm opportunities have a life cycle that grows rapidly in the beginning. During this phase of explosive growth it can be very easy to sponsor dozens of new people per day, with relatively little effort. After all, this is something entirely new and one well placed ad can do wonders.

However, if you join after this initial explosion, it is much more difficult to see quick results and it requires more effort to attract new people into the business. Patience, knowledge and the right strategy is required to succeed here.

6) Big name X endorses this program

This is somewhat related to the previous point. Mr. Big Hitter has made thousands of dollars with this opportunity already and he is not shy about telling anyone how EASY it was. And he’s probably not lying either. It was easy – for him.

Because, like noted above, he probably got involved in this opportunity long before it was launched to the general public, because he already knows all the right people.

He (or she), also know their stuff, and have the resources (large email lists, advanced Internet marketing tools etc.) to quickly and efficiently let the word out to a large number of people.

If you are relatively new to this game, it is a very bad idea indeed to assume that you instantly could pull off feats worthy of a network marketing guru. Would you compare your golfing abilities to those of Tiger Woods?

I didn’t think so.

7) Thinking this will be a free business to run

I’m not talking about the membership fee of your mlm opportunity here, because that is a given. But many people falsely believe that they can market entirely for free using the Internet.

While it’s true that there are some effective low cost Internet marketing techniques you can use, you should never fool yourself into believing that Internet marketing will be a no cost affair. Moreover, the online competition is usually quite fierce.

To summarize; Mlm can offer an exciting new way to earn money. But your motivation for joining a mlm business shouldn’t be based on one of the misconceptions mentioned above.

Treat your mlm home business like a business, and you will be okay.

You will need web traffic to see visitors for your site with MLM business. You can get this traffic. This is just about the knowledge of what to do and where to do.

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