Internet Network Marketing requires you to market/distribute/sell a merchant’s services or products. This will require a monthly payment every month for an individual to utilize its services and stay in the business. In return, compensation plan is multi-tiered and can be anywhere from 5 levels deep to infinity. Products could be a domain name and webhosting, monthly tuition or health products. A QUALITY service or product equates to a legitimate MLM program. A program that promotes INFERIOR product or service and generates income because of recruitment fees is an illegal pyramid scam or thinly disguised MLM program. In other words, the product or service (health product, webhosting etc) alone should be good enough to attract paying customers and the MLM aspect is an extra feature to reward referrals sales.
Internet Network Marketing requires duplication. In today’s business world where its vital to keep information from others in order to prosper, MLM however, requires one to educate others, their downline on how to succeed because duplication unlocks the key to MLM success and long term residual income. Leveraging on the efforts of one’s downline is the key to financial freedom, but this can only be justified if you as the upline has contributed to your downline’s welfare and earnings.
Some people make big money in Internet Network Marketing, many do not. The reasons are as follows:
-Lack of Internet Marketing know how
-More of theory and less on practicing Internet Marketing techniques
-Insufficient finance to survive the initial months
-Wrong mindset, perceiving that Internet Network Marketing is a get rich quick scheme
-Unstable Network Marketing company
-Poor Sponsor and Upline support
-Difficult Marketing system to duplicate
-Not taking MASSIVE action at the beginning
When a fledging recruit sees no profits in the initial months, due to procrastination or lack of action, the likelihood of quitting is strong. Which is why it is CRUCIAL to start an Internet Network Marketing business on the right foot and hit the ground running in the early months. It is an online business model that requires MASSIVE action in as short a time as possible. The key to this is to follow in the footsteps of someone who has had success and can help you avoid the pitfalls that sap you of your financial resources. The longer you wait, the less your likelihood of success.
To break out of the failure mould, these are the steps you should take before investing your monthly funds into a Internet Network Marketing program.
Find a reputable network marketing company. Study the comments found in forums and article reviews to learn about the company then decide if it is worth joining. Personally, I prefer a company that has at least 3 to 5 years of history. That way, the company is stable and still has room for growth.
Locate a good internet sponsor. A mentor will help you learn what tools you should use to market your business on the internet, instead of you having to find out yourself by trial and error. Good tools are usually not free, after all, if you pay peanuts, you will get monkeys. One such important tool is an automated article submission program or service. Distributing articles using such a service frees ups your time to focus on other more important aspects of Internet Marketing rather then the tedious process of manual article submission.
To learn more about Internet Network Marketing, visit http://www.FundedSponsoring.WS for ideas on the best Internet Network Marketing home based business. There are normal people who have created a fortune online and these are average people whose tech knowledge was simply to click the receive email icon in outlook express. Taking MASSIVE action with the right tools, company, duplication system, knowledge and sponsor is the key to Internet Network Marketing success.
Originally posted 2010-01-24 17:47:38.