INTERNET BUSINESS GOLDMINE #6: ONLINE NETWORK MARKETING

Use Network Marketing To Generate a Waterfall of Income, then you can learn to explore new opportunities by promoting network marketing programs on the Internet. With the internet, the possibilities for finding lucrative opportunities and recruiting downlines beyond your physical location become infinite.

With proper training and knowledge in Online Network Marketing, you can finally stop harassing your family and friends to join your MLM and instead use the power of the internet to reach beyond your country, beyond Africa into the world at large to recruit people who are really looking for what you have to sell.

Strengths: Similar to affiliate marketing, you don’t need to see anybody and promote your programs online. You
are no longer limited to your village, town or country. You have the entire world’s Internet users as your prospects for your downline groups.

Weaknesses: Building a network marketing business online is prone to being impersonal. Make sure you do not adopt a ‘build and burn’ mentality.

Opportunities: You can easily recruit more people online compared to doing something offline (where you are limited by time and space)

Threats: Globalization – downlines are not as loyal as they used to be due to the abundance of opportunities available on the Internet.
The concept is too darned simple – you build a network of people and jointly you promote a product or service. At the same time, you try to bring more people into the network. For each person that joins the network, the Upline members earn a commission. Direct sales bring in the money too, but the main commission is brought in through the commissions that the network building generates.

However, the implementation is not quite as simple. Building the network can be formidable to most people. Even so, there are many facilities you get so that you can build the network well.

You get a website from the network marketing company that you join, you can attend physical seminars and webinars and you have access to a host of material, online and offline, where you can learn how to promote your network to the hilt.

You need to remember one thing – joining a network marketing opportunity could be a life-changing experience. You might begin seeing everything in a totally new light. But that’s the way you can earn all those six figure incomes a month.

Two of the most popular network marketing opportunities of the world, Amway (http://www.amway.com/) and Herbalife (http://www.herbalife.com/) promote themselves on a global level. Joining such opportunities carries the great benefit of prevailing goodwill that you can cash upon. Also, they have their own training and orientation programs all over the world which can help you start out on the right foot.

The drawback here is that there are a lot of players in the network marketing (also called multilevel marketing or simply MLM) world. A lot of them are scammers and these are the people who have given the industry a bad name.

You have to particularly beware of pyramid schemes in which people earn only through building a network but don’t have any product to sell. In most parts of the world, pyramid schemes are considered to be illegal and the people involved in such an activity could be prosecuted by the law.

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