Are you looking for the best home based business opportunity? Are you sick of working to achieve someone elses dreams? Have you ever felt tired of trading hours for dollars? Do you know what to look for when researching through all the best home based business opportunities?
By the time you finish reading this article, you will have learned why Network Marketing is the best home based business opportunity for anyone looking to earn a great living from home. With the right Network Marketing Company and Sponsor there are no limits to levels of success and dreams you can achieve in your life.
This is truly a great industry to be in if you just do your home work. The key to your success is picking the right Network Marketing Company, the right Sponsor and the company with the best compensation plan.
A few weeks ago Donald Trump was asked on a late night show if he lost his fortune to get back to being a millionaire and he responded by saying I would find the best Network Marketing Company I could and get to work. Donald Trump and Robert T. Kiyosaki wrote a book together titled Why We Want You To Be Rich and in it the only industry they devoted an entire chapter to is Network Marketing. These are two of the greatest mentors of our time on how to achieve success and even they agree with me that this is an industry here to stay.
Network Marketing, has come a long way in the sense that you longer have to go banging on your neighbors doors or annoy family members/friends asking them to go sell some vitamins for you. The internet has opened so many doors for this and every other major industry. Now you can reach your target market which such ease which is why Network Marketing is a great home based business opportunity for anyone who is willing to learn how to market effectively.
When choosing a Network Marketing company to join one of the most important factors that will determine the level of success you will have will be the compensation plan. There are many different compensation plans which include:
One Tier Plans: this is where you would only receive compensation from your personal sales alone
Two Tier Plans: this plan offers compensation to you on your personal sales as well ay sales made by your team of distributors known also as your down line
Pass-up Plans: this is where a specified number of first sales would go directly to your Sponsor (the Person that signed you up) before you would make one cent. I would suggest staying away from these type of programs due to the facts that
1. You will most likely run out of money for advertising before you earn any money
2. In these type of programs your Sponsor will only be making money off your first few sales which gives him little reason to help you down the road
3. You will being putting in so much effort without receiving any type of compensation which is a huge reason over 90% of people who join Network Marketing will not make it in this industry
MLM: which stands for Multi-Level Marketing which is where you will receive commissions on a specified number of levels starting with your sales
Ex. Imagine that you sign up Joe as a new distributor who then signs up Mary who bring in Tony. If your company paid down to 4 levels you would receive a commission on every one of their sales including your own. This is plan incorporated by companied selling lower priced items such as vitamins which can lead to big commissions when you successfully construct a deep down line
There are also additional ways to earn income through Network Marketing that come from the same sales and distributors you bring into the company known as Residual Income. Another source of Residual Income comes from the monthly membership fees that is paid to keep your account with a company active which a portion of this monthly membership fee is paid to your Sponsor as you will receive from every new distributor you Sponsor.
Also, many of the great Network Marketing companies with top priced products have adopted a great way to earn its distributors small commissions off of a small front end item called a Funded Proposal. This is usually an informational product or sample that will sell anywhere from $1-99 that will earn you a commission of anywhere from 30-50%. By using a funded proposal you will have a source of income that is enough to allow you to earn money even from potential prospects who decide not to join. This is very important technique so that you dont run out of advertising money before making the big commisions on the high priced back end sales.
This is a business for those willing to master online and offline marketing, action takers, goal getters not goal setters! If you are ready to take control of your life and do what need to be done in order to give you the live you deserve then you are on the right track.
Go achieve your dreams.
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