MLM-The Perfect Internet Home Based Business

Just because you are searching for an internet home business, doesn't mean that you will find the right one. However, there is a right one and in many cases, the perfect home based business is found in Network Marketing.

December 28, 2008 ( PowerHomeBiz ) - South Carolina, USA -- How many people looking for an Internet home based business find their perfect match? Sadly, not many do. That is such a shame. Just because you are searching for an internet home business, doesn't mean that you will find the right one. However, there is a right one and in many cases, the perfect home based business is found in Network Marketing.

These are tough economic times and more often than not, the decision to start a home based business is not based on the desire to "make a few extra bucks" but instead is driven by the utter need to create a whole new income for the family. As such, the business you become a part of must be first rate-you simply are not in a position to fail.

The fact that you can actually work from home and make a full time income is incredible. Incredible or not, there are probably hundreds of thousands of people doing it right now. In fact, the Internet has many advantages over starting a "brick and mortar" business.

Consider these:

1. Always Open For Business: To start, the Internet is working for you 24 hours a day, 7 days a week. This means you are always open for business. As a result, you can be building your business and generating an income while sleeping. You can wake up in the morning with more clients than when you went to bed last night!

2. Business Partners: Although you can sell products on the Internet, more importantly, you can find business partners there as well. In fact, it is far more profitable to find business partners than it is to sell products retail. Retail sales add to your income, business partners multiply your income. There is a big difference between adding and multiplying.

3. Cost: Let's not forget the cost. Like many, I've put hundreds of thousands of dollars into great businesses only to see them fail and lose all my money, or to see them simply limp along generating no return on my money at all. Now compare that with the cost of starting a MLM business. Generally you can get up and running with only a few hundred dollars in cost. This is simply incredible-in your own business for less than a thousand dollars? Yes.

4. What To Sell?: Information is a great product to sell. Inexpensive information products provide the education that solves problems for people. This is always in demand. And what is the number one type information people are interested in? It is how to make money using the Internet. This fits perfectly with your MLM business because it puts you in a position to educate people on how to make money doing just what you are doing. This results in additional business partners.

5. Traffic: To make money with an Internet-based MLM business you will have to learn to drive traffic to your web page or landing page. How much traffic? You will be a resounding success if you attract as little as 5 - 8 new people a day.

The point I'm trying to make here is that you don't have to have 100 or more visitors a day with an express interest in what you are doing to be a success. In fact in the early days a small number is better than a large number. You need time to learn how to work with your prospects. A modest interest in your business gives you the time to grow. Have you heard the phrase "earn while you learn"? Well that is exactly what you are doing: 1) Spend time with your prospects, 2) convert them to clients, and then 3) coach them to success. That is your agenda for success.

6. The Coach: Now what is the single most important element in making money in a MLM business? It is your coach and his plan for success. The question is simply this: can you reproduce this plan? If the plan is reproducible and you have a coach that will take you step by step through it, then, like your coach, you too will succeed. And this is a fascinating element in Network Marketing, if you are not a success, then neither is your mentor. It is simply in his/her best interest to help you achieve your dreams. By doing so, your mentor is able to achieve his/hers as well. In fact, it is the only way he can do so.

7. You The Person: Keep in mind this important point in your Internet business, it is not easy for people to see you and talk to you. But they need to do that to get comfortable with the idea of partnering with you in your business. So, tell them a lot about yourself. Show them pictures. Add videos. Call them and chat; yes just chat, don't try to sell them anything. Give them an opportunity to get to know and like you. People want to be in business with friendly, honest and knowledgeable people. Be that person.

In summary, an Internet home business is an excellent way to make money, lots of it. Although there are many different ways to make money on the Internet, Network Marketing may be the best of them all.

Resource Information

Author: Ralph E. Bass, Jr.

Ralph Bass is an owner, with his wife, of Digital Transcription Inc. They are also part owners with their son in Kessick.com, a company that designs, sells and installs wine cellars. They are both deeply interested in MLM and in the power of the Internet to build a Network Marketing business. He and his wife have been married for 46 years; they have 5 children and 17 grandchildren.

Beating a bad economy -- from home

StartupNation's Home-Based 100

12/8/2008 12:01 AM ET

While corporate America suffers, the best home-built businesses thrive. StartupNation's Home-Based 100 winners demonstrate the keys to success: Ingenuity and passion.

By StartupNation

The 2008 StartupNation Home-Based 100 list is now in, and one thing is clear: Starting and running a business from home is more mainstream than ever.

The number of contestants in the Home-Based 100 tripled, numbering in the thousands. Votes in support of those businesses increased tenfold, up to a quarter of a million.

Part of that is because our list is becoming better known, of course. But it's also a sign that what home businesses do is of immense interest to more and more Americans, as the do-it-yourself boom expands.

• Slide show: StartupNation's Home-Based 100

Indeed, more than half of all U.S. businesses are now run from kitchen tables, extra bedrooms, basements and garages. Home-based businesses make a $530 billion contribution to the nation's economy each year.

And for many Americans, starting up at home has become a necessity. What appeared to be simply another economic downturn a year ago, when we compiled the first Home-Based 100, has devolved into a far more dire situation. Major economic giants, including Lehman Bros. (LEHMQ, news, msgs), American International Group (AIG, news, msgs) and General Motors (GM, news, msgs), have shown their vulnerability. As corporate titans lay people off by the thousands, many Americans are being forced to find new ways to make a living.

Their criteria? Inexpensive to start. Immediate results.

Enter home-based businesses. Running your own show from home typically requires little more than a skill set and a passion. It has become the stepping-off point for many a newbie entrepreneur.

A recent Wells Fargo study indicated that the average amount of capital required to start a business is approximately $10,000. When you consider that that statistic includes capital-intensive, brick-and-mortar startups, you realize that some home-based businesses can be started on a few hundred dollars.

Just look at 2008 honoree Britt Taylor, who began marketing swords and related merchandise online about two years ago. He threw a few hundred dollars at Google AdWords and has since grown his home-based business to a monthly gross of $30,000, half of which he pockets as profit.

Once again this year, we ranked Home-Based 100 competitors in 10 categories ranging from the serious, such as Best Financial Performers, Recession Busters and Most Innovative, to lighthearted, like Most Slacker-Friendly and Wackiest. The contest has produced a wide-ranging list of entrepreneurs turning their passions into profits -- and here's hoping it inspires a few of you to do the same.

Easier to start every day

Greasing the skids for home-based startups are key solutions that bring home operations to life. Take Home-Based 100 sponsors Microsoft Office Live Small Business and FedEx Office, for example. (Microsoft is the publisher of MSN Money.) They offer free Web site templates and efficient printing and shipping services, respectively, that are optimized for home businesses, and they're among the many companies that have realized the appeal and opportunity the home-based market represents.

Outsourcing plays a role, too, in the growth of home businesses. The ability to outsource certain tasks is simpler than ever. Web design, payroll, accounting services and contract manufacturing, for example, are all available to the at-homer. In many cases, there's another home-based venture that can supply them.

Video on MSN Money

Big battles for small businesses
Small businesses are getting hit especially hard during this economic downturn.

New this year was the priority placed on social media by home-based businesses and their audiences. For the first time, the sense of isolation at home has given way to immense connectivity through online networking.

We've noticed this trend in the blogosphere, which has been lit up with references and links to the StartupNation Home-Based 100, as well as social sites such as Facebook, Twitter, Digg and StumbleUpon, which have driven immense amounts of traffic to contestants' profiles during the competition. This is testimony to the swelling current of conversation that home-based business owners participate in online and the networking and marketing benefits they gain as a result.

You'll see great examples of how home-based entrepreneurs leverage social media by visiting the Highest Vote Getters for 2008.

Continued: A boom among boomers

A boom among boomers

In terms of who is being drawn to home-based business, it's a mix of men and women, young and old. But one group that seems particularly drawn to starting up is the baby-boom generation, as indicated by a huge spike in boomer entries to the Home-Based 100 this year. This group is clearly leveraging skills accumulated during corporate careers and previous entrepreneurial adventures. They're realizing that they can no longer count on long-term corporate careers.

Adding additional impetus, boomers have watched their retirement savings wither with Wall Street, forcing them to figure out ways to replenish their coffers. That helps make the income generated from a home-based business -- whether primary or supplemental -- incredibly appealing to boomers.

For those who are still skeptical about the capacity of a home-based business to generate meaningful income, look no further than the winner of the 2008 Home-Based 100 Best Financial Performers category: a Berkeley, Calif., company called Fetch! Pet Care, which has seen revenue more than double in 2008, to more than $9 million.

Let's talk about passion

But as compelling as the income may be, the winners of the Home-Based 100 confirm again this year that at the center of every home-based business is one driving force: passion.

The opportunity to do what you love, to have proximity to family and pets and the comforts of home while conducting meaningful work, still plays the starring role. Running a business built around a passion adds meaning and direction in life, a welcome antidote to these confusing and disenfranchising times.

For some, this passion is expressed by going green. Fun Photo Guys, the winner in the Greenest category, offering eco-friendly photography services, is a shining example. Kevin Slovick and his partner at the photo business use every extra hour to promote green business practices. He uses his business to influence other business owners and in so doing is creating a better world for the next generation.

One of our Recession Busters honorees has also infused her work with a mission. Karen Conroy created Fundraising for a Cause, which sells cancer-awareness items in bulk so they can be resold at higher prices and the profits then donated to cancer research. It's proving to be far more effective than sticking a hat out for donations.

Our Most Innovative winner, Lee Lonzo and his Kick-Off Program, has followed his passion, too. He's helping freshmen transition into high school more smoothly, a time when statistics show they're vulnerable to dropping out. He's helped more than 100,000 students already.

Also, you'll get a kick out of America's Wackiest and Most Slacker-Friendly home-based businesses.

The startup world shows no signs of slowing down. Whether people join to combat a tough economy, as an alternative to the corporate life or to simply follow their passions, startups are alive and well. Unlike many of the big enterprises out there today, a great number of home-based ventures are still open for business and truly thriving.

This article was reported and written by Rich Sloan for StartupNation.

Network marketing business is one of the most satisfying home based business

December 23, 2008 - 10:11am |
author: fairyjadoo

The network marketing industry has been around now for more than 50 years. It is just simply a direct sale, which is just one of the methods of marketing products and services. In many countries, network marketing is regulated by The Direct Selling Association. It is not same like a scam, scheme, pyramid or ponzi industry.

Network marketing, also called Multi-Level Marketing (MLM) is a rational way of getting product directly to the consumer, and a legitimate way for those doing the marketing to get paid. It is one of the simplest ways to earn an extra income.

Network marketing is also one of the most rewarding home based business opportunities today. The opportunity for success, happiness, wealth and freedom in the foreseeable future is overwhelming. After 50 years the process has evolved and now the new technologies have unlocked the doors to a simpler business model that allows modern communication and e-commerce systems to do a lot of the work for the businessperson. However, even tough network marketing is simple but not necessarily easy.

Network marketing is when you actually recruit other salespeople into an organization or that person becomes your ‘down line’ to sell products. You as well as the recruits get paid on the amount of sales made. The products involved can be anything from physical products such as nutritional products and sports equipments to services such as legal consultant.

The magic happens when you get the snowball effect, and others recruit people too. You can then end up with a large group, so lots of your product is sold.

Nowadays, you generally do not have to handle the product yourself as it can go straight to the customer if you wish. Even better are digital products and online services where there is no delivery is needed at all. The customer gets their products instantly which are very important in this age of instant gratification.

Not to focus only on the negative aspects, however, it is a fact that 95% of newbie who join a network marketing business is doomed to failure. Why is that so? The reasons are they think it is an easy way to becoming rich.

Network marketing is just a simple concept but it is not easy. Those people join a company because they were told that was so easy if you know how to break the ice. To set up, run and maintain the network marketing business definitely consumes lots of your time, hard work, patience, spirit and discipline. However, most people are not ready into the network marketing.

Network marketing business is not easy and lazy methods to start up your own home based business. You will not succeed if you do not have large investment in yourself and your selling. You just can’t be a successful network marketing salesperson with an initial investment of only a few hundreds dollars.

So, what should you do in order to be successful on network marketing business. As we mentioned before, it is not easy but remember it is not impossible too. Do not bother about what you always heard or read except if it makes you aware of the attraction marketing laws and teach you on how to build up your business relationship and branding yourself.

The old methods such as call anyone whom you know, conduct parties or events by inviting your relatives, neighbors, and even co workers, send promotion emails from the list that you bought in bulk are no longer work. You need to know the art of attracting people and this is when it comes the hardest part as you need to develop your skills and keep on practicing. It takes lots of efforts and time.

When you start jump in to network marketing you need to plan such as with whom you want to work with and how your business should look like. A skill is needed to apply strategies that could bring in the people that you are looking for. Sometimes, you do not have to look for them as those people may find you. Then, you can start to build up relationships.

Then this is how attraction marketing laws come to play. In order to attract people to work together with you and buy products from you have to build a strong relationship. You tell them and make them know what is exactly they need and assist them to build and achieve it. Present yourself as nice as possible and gain their trust and make them want you as their leader.

People look for value and whether you can offer value to them for what they need. If you do have, most probably they will listen to you. When you gain more reputation and people are talking about you, people will find you. Therefore, you do not have to go out in order to find prospects anymore.

When these people calling and want to meet you, it is because they are interested to what you have to offer. Then the selling part becoming lesser and easier, as you just need to give further information for something that they already want. So, all you need to do is just close the sale at that moment.

Fortune Hi Tech Marketing - Is It For You?

By jaycep651974

If you have been approached by someone who wants you to join Fortune Hi Tech Marketing (also known as FHTM), there are some important points to consider before signing the dotted line:

1. Who you join under is extremely important. FHTM is a multi level marketing program where your success is determined by your efforts and the efforts of those in your downline whether or not you personally recruited them. At the beginning, your UPLINE is critically important because those will be the people you will need to get yourself trained and get the information you need. Since part of their success will be due to your success, you want to be sure that the person you join under is someone you can work with and can provide you the tools, time and motivation you need.

2. Money can be made in this business in a multitude of ways. You can determine how you want to run your business regardless of how the other members of your upline or downline are running their business. But for ultimate success, aligning with people who share your basic work ethics, styles and commitment levels is beneficial.

3. This program originated in Lexington, Kentucky. There are significantly more agents in Kentucky than in other parts of the country, or world for that matter since FHTM reaches across our borders. FHTM members number less than 100,000. Compare that to Mary Kaye Cosmetics whose representatives exceed 1 million. You haven’t missed the boat. Plenty of opportunities are available.

4. Don’t join FHTM until you are ready to commit to action. While the initial investment in joining the organization is manageable for many people at $299, there are certain milestones that must be achieved before making any money. There is a 60 day window to satisfy the first level requirements. FHTM in many respects sells and promotes customer loyalty to many widely recognized national companies. Everyone who signs on with FHTM should expect and be prepared to be their own first customer.

If you have been hurt by MLM’s (multi-level marketing) in the past, it is worth your time to give FHTM a look. Perhaps your dissatisfaction with MLM’s was because the people you joined with didn’t share your point of view or you really didn’t ask the questions you needed to ask. If you are new to MLMs, this could be the opportunity you are looking for.

This article is the property of barbarakelian.com and you may freely publish it on a website as long as it is not modified in any way.

To ask specific questions, contact Barb Arakelian at barbarakelian@yahoo.com or visit barbarakelian.com.

Elton Beard: What is Residual Income All About?

December 6, 2008 by Eldon Beard

Yesterday, we discussed “linear income“. We talked about some of the long term disadvantages of relying solely on this type of income.

Today, let’s talk about the type of income that a network marketing or MLM business provides - “residual income”. You’ve heard this term often if you’ve been looking at opportunities, because residual income is one of the big benefits of this business.

Residual income is money you earn over and over from completing one job or task. Here is a contrast between linear income and residual income.

Let’s say I write an ebook called “How to Train Your Cat to Obey Commands”. Yeah right. Anyway, I write the ebook and package it up ready to download.

Scenario #1 - I have been hired to write the ebook by an online publisher. The publisher pays me $1000 when I complete the project. That is linear income. I earn it one time for writing the ebook, and move on to another project.

Scenario #2 - I write the ebook and put up a web page to promote it. I do some advertising and set up some affiliate sellers. Every time someone buys a copy of my ebook, I make a net profit of $20. This happens every time someone purchases my ebook, for as long as I choose to sell it. Once I have written the ebook and set it up for sale, it makes money for me while I move on to other things. This is residual income.

See the difference?

Linear income = one project, task, or block of time for your efforts in exchange for a set amount of pay. You never get paid again for that project, task, or block of your time.

Residual income = one project, task, or block of time for your efforts that pays you over and over.

This is why people are so attracted to network marketing and MLM as a home based business. Activities you do today can pay you continuously into the future. In my network marketing business, I make money every month from the efforts of people I sponsored three or four years ago. It’s a great deal!

If you’d like to learn more about how network marketing and MLM work, here is a free movie that explains the concept well. It takes a few minutes to view, but is well worth your time.

Hi, my name is Eldon Beard. After years of seeing all the hype and misinformation used to promote network marketing and MLM, I created "Network Marketing Now" to present a balanced and professional approach to success in our industry. I hope you will find information and tips here that are helpful to you.I have my own successful network marketing business, and would enjoy working with you. Whether you're happy in your current business, or looking for a new business, I'm here to help. Your feedback and suggestions are always appreciated! You can learn more about me here.

Employers shedding jobs as recession deepens

By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer 1 hr 5 mins ago

WASHINGTON – With the economy sinking faster, employers are giving more Americans dreaded pink slips right before the holidays.

The Labor Department releases a new report Friday that's expected to show the employment market deteriorated in November at an alarming clip as the deepening recession engulfed the country.

After bolting to a 14-year high of 6.5 percent in October, the unemployment rate likely climbed to 6.8 percent last month, according to economists' forecasts. If they are right, that would mark the worst showing in 15 years.

Skittish employers, which have slashed 1.2 million jobs this year alone, probably axed another 320,000 last month, economists forecast. If that estimate is correct, it would represent the deepest cut to monthly payrolls since October 2001, when the economy was suffering through a recession following the Sept. 11 terrorist attacks.

Employers are slashing costs to the bone as they try to cope with sagging appetites from customers in the United States as well as in other countries, which are struggling with their own economic troubles.

The carnage — including the worst financial crisis since the 1930s — is hitting a wide range of companies.

Just in recent days, household names like AT&T Inc., DuPont, JPMorgan Chase & Co., as well as jet engine maker Pratt & Whitney, a subsidiary of United Technologies Corp., and mining company Freeport-McMoRan Copper & Gold Inc. announced layoffs.

Fighting for their survival, the chiefs of Chrysler LLC, General Motors Corp. and Ford Motor Co. will return Friday to Capitol Hill to make a pitch to lawmakers for the second straight day for as much as $34 billion in emergency aid.

Worn-out consumers battered by job losses, shrinking nest eggs and tanking home values have retrenched, throwing the economy into a tailspin. As the unemployment rate continues to move higher, consumers will burrow further, dragging the economy down even more, a vicious circle that Washington policymakers are trying to break.

Federal Reserve Chairman Ben Bernanke is expected ratchet down a key interest rate — now near a historic low of 1 percent — by as much as a half-percentage point on Dec. 16 in a bid to breath life into the moribund economy. Bernanke is exploring other economic revival options and wants the government to step up efforts to curb home foreclosures.

Treasury Secretary Henry Paulson, the overseer of a $700 billion financial bailout program, is weighing new initiatives, too, even as his remaining days in office are numbered.

President-elect Barack Obama, who takes office on Jan. 20, has called for a massive economic recovery bill to generate 2.5 million jobs over his first two years in office. House Speaker Nancy Pelosi, D-Calif., has vowed to have a package ready on Inauguration Day for Obama's signature. The measure, which could total $500 billion, would bankroll big public works projects to create jobs, provide aid to states to help with Medicaid costs and provide money toward renewable energy development.

The United States tipped into recession last December, a panel of experts declared earlier this week, confirming what many Americans already thought.

At 12 months and counting, the recession is longer than the 10-month average length of recessions since World War II. The record for the longest recession in the postwar period is 16 months, which was reached in the 1973-75 and 1981-82 downturns. The current recession might end up matching that or setting a record in terms of duration, analysts say.

The 1981-82 recession was the worst in terms of unemployment since the Great Depression. The jobless rate rose as high as 10.8 percent in late 1982, just as the recession ended, before inching down.

Given the current woes, the jobless rate could rise to as high as 8.5 percent by the end of next year, some analysts predict. Projections, however, have to be taken with a grain of salt because all of the uncertainties plaguing the economy. Still, the unemployment rate often peaks after a recession has ended. That's because companies are reluctant to ramp up hiring until they feel certain the recovery has staying power.