Thursday, January 25, 2007

Frequently Asked Questions About MLM Opportunities

What does MLM mean?

MLM is an acronym that stands for “Multi Level Marketing.” Multi level marketing is a business model wherein you are directed to recruit more members into the network. Anyone that you sign-up into the program is considered one of your first-level members. If your first-level members sign-up other people, then the newcomers are considered your second-level members, and so on and so forth.

Multi level marketing bears a striking similarity to network marketing programs. The main difference lies in how you earn money from each program. In a network marketing scheme you can earn money by selling your partner’s products; you may also earn money by getting more downlines. In an MLM opportunity, on the other hand, you only earn money when you recruit new affiliates or members.

What is a Downline?

“Downline” is a term used to describe people whom you have recruited, directly or indirectly, under the terms of a multi level marketing opportunity. Downlines are most often the source of rewards in an MLM set-up. Generally, the more downlines you have, the higher the income you can expect to have.

What is a Commission Plan?

When deciding on which MLM or network marketing program to join, one of the most important things you should consider is the commission structure. This is the factor that will most directly affect your income under the MLM opportunity.

Usually, you will receive a percentage of sales according to the number and proximity of downlines that you have. For instance, you might to stand to earn 30 percent of first level sales, 20 percent of second level sales, etc., or perhaps 30 percent of a first level recruit’s membership fee. Additionally, most companies offer bonuses to their members when certain sales volumes or recruitment metrics have been reached.

What is an autoship?

An autoship is a unique insurance policy that might be either beneficial or harmful, depending in the person involved. In an MLM or network marketing opportunity, you only get paid once you’ve reached a certain target volume. However, some people sign up for programs and consequently do not do any work at all – and yet expect commissions from the work that other people have done. An autoship policy prevents such people from taking undue advantage of the work of others – it automatically orders a minimum amount of a product or service to be paid for by the representative. This policy does not affect active members, but will certainly be a problem for inactive members.

Anything else I need to know?

Yes. MLM opportunities are excellent moneymaking programs. However, do not make the mistake that everything will be easy or effortless. Multi level marketing is a business, and profits have to be made before commissions are paid out. If you produce, you won’t have to worry about your rewards.

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Is a Home Business Right For You?
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com

Every morning as people wake up and make the commute to work, many dream of the day when they will finally work for themselves. Every time the boss lets someone know that they must give up their weekend plans for the good of the company, people contemplate the benefits of being the owner of their own business.

Are you one of these people?

If you are, it is important to ask yourself some very important questions before you make the uncertain leap into self-employment.

Many dream of the benefits of home business ownership, but few take into account the sacrifices that must be made to bring the dream to fruition. Please don`t make this mistake yourself.

You must approach home business ownership with your eyes wide open. Ask yourself the important questions, and more importantly, answer your own questions openly and honestly.

AN IMPORTANT CONSIDERATION

Are you the type of person who relishes every chance to gather around the water cooler for social interaction?

If so, then home business ownership may not be the right decision for you.

Instead, if you feel that you can be quite content sitting alone at your desk; speaking only to clients and really minding your own home business, then you might have what it takes to succeed as a home business entrepreneur.

If you feel at ease with your own company and don`t need a dozen coworkers milling around your desk, then you, too, could savor the freedoms that will allow you and your family, to live the lifestyle you know you want and deserve.

THE KEY TO HOME BUSINESS SUCCESS

Self-motivation is the key to success when you start a home-based business. You need to possess the ability to push yourself ahead. Your drive and determination will be reinforced with every new sale.

The level of success that you will achieve greatly depends on the time and effort you are willing to plow into your new home business. Your organization, planning and marketing skills, will all be put into practice when you embark on your liberating journey from employee, to being your own boss. In fact, you will be the wearer of many hats and gain a wealth of business experience along the way, when you finally make that commitment to work at home.

YOUR SUCCESS RESTS ENTIRELY UPON YOUR OWN SHOULDERS

You will now be the boss. Are you truly able to work independently? Do you have the drive; the tenacity, to persevere with your home based business? Will you be able to invest the necessary time to nurture it, to watch it grow and see it through, from germination to full, glorious bloom? When you`re the boss, you are responsible for the success of your home business, from A to Z, from disappointments to victory.

When you work at home, it will empower you to achieve many things you were unable to do when you were stuck working for that tyrant boss. Remember him? He`s the guy that wouldn`t let you take time off when your baby was sick...the same guy that called you in to work on a public holiday.

A home business means that you can take good care of your family and make money from home, simultaneously. You will have the best of both worlds! Just think--no more dirty laundry piling up--you can do it while you work. No more scurrying around at the last minute searching for a babysitter either. And no more worrying about getting fired; you`ll be the boss!

IN CONCLUSION...

Stay positive and focused on your home based business, even if, when sales aren`t up to par, you get occasional negative remarks or derogatory comments from people with stuffy, dead-end jobs. Ignore their cutting words and bear in mind that success is the best revenge! Keep your admirable, positive attitude at the forefront and show them what you`re made of!

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