Hello again from kalamazoo! Have you notice that one of the strategies of making money online is to promote multiple streams of income? When you first look at this proposition, it seems that if you have more then one business or affiliate program, you have multiple options of one of the programs making money for you.
Well lets look a little closer. Most affiliate and all MLM programs require you to pay to play, some money to participate in the MLM business. In my example, let us use say 5 low cost mlm programs. Each of these programs cost a one time cost of $40 to join and $10 per month for your monthly membership or product. Thats 5 X $50= $250 up front and you haven't made a dime.
The on going costs for these 5 programs is $10 per month or $50 per month just to carry the 5 mlm programs. You now have 5 multiple streams of debt because you have not made 1 cent. When you have 5 mlm businesses, you can only devote 20% of your time to each of them so your effectiveness for marketing one program is only 20%.
Now if each of these programs is a 2x15 matrix and you have to sponsor at least 2 people on your front line to make any money. This means you need to sponsor 10 people to qualify for you to get a commission. The network marketing industry average is that the average network marketer only sponsors 1.7 people period.
What started out to be insurance by having multiple streams of income really has become multiple streams of debt. You don't have to struggle and slave looking for marketing system to make money online. Use your network marketing smarts and visit: http://www.networkmarketingsmarts.com
james b byrd
1-269-290-3263
Sunday, December 28, 2008
Sunday, December 14, 2008
MLM Scams? -Stop Being The Victim!
Hello again from snowy Michigan. Many networkers are quick to cry mlm scam but are they really a scam or are their some things folk who are new to multi-level marketing don't understand. Really, for you to be successful in online marketing, it takes excellent marketing skills to make excellent money!
When we lack marketing skills, it's easy to be victimized by dishonest folk who are honest 99% of the time but it's the 1% that they won't tell you that can cause you to lose $1000s of your hard earn dollars and precious time because you don't really know the numbers.
I remember about 2 years ago, i joined a company and was on a "heavy hitters" team. I got on all the calls and asked questions and had great passion but i didn't know the numbers. The pay plan was a 4x9 matrix with a one time %10 fast start and paid 4% for each of the level after you had your first 4 on your front line which made allowed you to qualify for the matrix income.
Now notice that the average networker only sponsors about 1.7 people and the life of the average independent distributor is 60- 90 days. I was unable to earn any money because the "law of averages" was against me from the get-go. I could never get the 4 who got 4. The first thought came into my mind was mlm scam.
But you know what? It was no mlm scam but the numbers and the "law of averages" made me a victim. I could have never made money in that mlm unless i had numbers on my side when i joined.(my own downline of 1000s). If someone would have told me that about the numbers, i would have counted the cost. As a online network marketer, make sure you know the numbers and count the cost and avoid becoming a victim!
You will find more information in a ebook classic by Dave Grey..."Stop Being The Victim" by visiting this link www.5dollarbailout.info
james b byrd
1-269-290-3263
http://www.5dollarbailout.com
When we lack marketing skills, it's easy to be victimized by dishonest folk who are honest 99% of the time but it's the 1% that they won't tell you that can cause you to lose $1000s of your hard earn dollars and precious time because you don't really know the numbers.
I remember about 2 years ago, i joined a company and was on a "heavy hitters" team. I got on all the calls and asked questions and had great passion but i didn't know the numbers. The pay plan was a 4x9 matrix with a one time %10 fast start and paid 4% for each of the level after you had your first 4 on your front line which made allowed you to qualify for the matrix income.
Now notice that the average networker only sponsors about 1.7 people and the life of the average independent distributor is 60- 90 days. I was unable to earn any money because the "law of averages" was against me from the get-go. I could never get the 4 who got 4. The first thought came into my mind was mlm scam.
But you know what? It was no mlm scam but the numbers and the "law of averages" made me a victim. I could have never made money in that mlm unless i had numbers on my side when i joined.(my own downline of 1000s). If someone would have told me that about the numbers, i would have counted the cost. As a online network marketer, make sure you know the numbers and count the cost and avoid becoming a victim!
You will find more information in a ebook classic by Dave Grey..."Stop Being The Victim" by visiting this link www.5dollarbailout.info
james b byrd
1-269-290-3263
http://www.5dollarbailout.com
Subscribe to:
Posts (Atom)
Whats Working Now!
