businessflows

What’s Right for You?

Option 1: Market a “Biz Opp” or System

There are a lot of different companies out there who give you the chance to recruit others into the same business arrangement. This is what I refer to as a “Biz Op.” There are numerous main sorts of a Business Opportunity.

A. Multi-Level Marketing

This concept is decidedly not new and chances are, you're familiar with it. MLM has obtained a mediocre reputation amid some groups, as many individuals believe it's associated with a Ponzi scheme. But, this bad report is a result of individuals trying to sell it as something that it’s not.
That coupled with the fact that most individuals simply don’t know how to sell, which is an essential for most MLM companies—it’s incurred a bad reputation.
But, MLM is really a very good business model if you view the facts.

In most MLM companies, you get paid in 2 basic ways:
1. You get paid a commission upon product sales. You are paid a commission if you recruit somebody into the business, by way of their product sales, or maybe a commission paid on their “start Kit”.
2. You likewise are paid residual revenue based upon the sales of your downline (individuals who are signed on underneath you). Commonly, an MLM company collects all product payments and then you get a commission on a weekly or bi-weekly basis. One facet of the MLM Business Model that may be extremely good is the residual income. Contrary to other business models, in MLM you've the chance to create residual revenue—which means even when you’re not bringing in sales yourself, you're still being paid on the sales of your downline.
Traditionally, MLM requires more time to build during the first couple of years, but then you may start to experience a residual income that may far exceed your own sales commissions.
This means, over time, you've the chance to work less while still getting paid.

B. Direct Sales

Direct Sales has grown in fame over the last 4-5 years, particularly in the “Make Money Online” industry. Direct Sales merely means that you get paid a direct commission from sales that you attain.
In most Direct Sales companies, you get paid in the accompanying ways:

1. Commission on Product Sales
Commission is brought in when you sign somebody up in the business opportunity, the commission commonly coming from their product buy.
In a few Direct Sales companies, you might be the one collecting the funds for product sales.
You then hold your commission up front and send in the wholesale amount to the company. Clearly, this is one advantage of some Direct Sales companies—you are paid at once.
A few Direct Sales companies do provide a residual income as well as the up-front
commissions. But most of your revenue will come from the commissions on sales that you personally bring in. One major advantage of marketing a Direct Sales-type business opportunity is that you may bring in significantly higher profits and faster than you may with an MLM company. On the flipside, you don’t have the long-run advantage of a substantial residual revenue.

C. Marketing a Marketing System
This choice is one that many individuals, whether they're in an MLM or Direct Sales
business, sell on the front-end.

Here’s how it goes:
• You drive hits to XYZ Marketing System site.
• You get somebody signed on in the Marketing System.
• Once they're signed on, you (or your sites) present them with your business opportunity.
While this selection may work, it can likewise become exceedingly convoluted and confusing for the prospect. After all, what you’re basically doing is selling somebody on XYZ Marketing System first of all, and then selling your business concern—rather than simply selling him/her on the business concern directly.

Option 2: Sell another person's Product

Now you may be thinking, “How is this unlike Option #1?
Aren’t I selling others products in #1?”
The answer to that is uh-huh. In Option #1, marketing a Business Opportunity / System— you're selling another person’s products. But what I’m mentioning specifically here in Option #2 is the selling of the actual merchandise directly, and not the Business Opportunity or the System.
For instance, in order to be successful at marketing a business opportunity, most of the success and earnings develop as a result of promoting the actual opportunity, or the “story”.

The real product itself isn't commonly the main headlining feature on the front-finaly. Naturally, the products would be mentioned on the back-end, but most individuals lead with the opportunity and not the products.

What we’re bringing up here is straight product sales. There are many primary types of platforms to sell other peoples’ products.
What we’re bringing up here is straight product sales. There are many primary types of platforms to sell other peoples’ products.

C. Affiliate Marketing

Affiliate Marketing is the perfect instance of selling another person's products.
 Here a few examples of sorts of products you may sell as an affiliate marketer:
 • E-books
• Web Based Software / Tools
• Educational Products
• Training
The most perceptible advantage of selling another person’s product is that you don’t have to produce the product.

Most companies that provide affiliate programs likewise provide you with the marketing materials you require to sell the product. As I mentioned, you don’t have to in reality produce the product yourself. Additionally, the majority of individuals who allow others to earn a commission on selling their products already have sites and marketing materials ready for you.

 Option 3: Produce and Sell Your Own Product

 This choice refers to you really making your very own unique product from scratch and selling it in the market. For instance, if you had a unique marketing technique, you may produce your own info product and sell it. You may likewise allow others to sell it through an affiliate program.

While this is thought to be the height of Net Marketing success—having your own products— this isn't for the majority of individuals online. That’s not to state that it can’t be accomplished—individuals do it all the time.

But to accomplish it successfully, it really takes a lot:

You should now have a deeper understanding of how the “Make Money Online” industry functions and what the different options are to have your own Net Business.