I wanted to pass this on from my friend Suzanne Kincaid
(She is the author of Financial Freedom On $1 a Day and founder of
the Universal Peace & Prosperity Foundation. She has been a featured
speaker for numerous radio and TV shows, including The NorthWest
Women's Show and Emmy award winning KOMO TV Northwest Afternoon)
"Traditionally, these are the differences between MLM, Internet, and
Affiliate Marketing.
Network Marketing (NWM) or MLM (Multi-Level Marketing) sell products
as a business opportunity for ongoing residual income. Work once and
get paid again and again. There are certain requirements to qualify
for commissions and higher levels of advancement in the company.
To make money you can sell products to customers and by recruiting
distributors who also want to sell products and find distributors.
You are paid multiple levels of compensation which leverages your
earnings from the efforts of those you have in your Team Network (or
downline). Great opportunity for the average person to start a home
based business.
Internet marketing usually sells digital (virtual) products or
services and you make money by focusing your marketing (or making
sales) online. These are usually one time sales so you need to
continually sell products to keep making money. This is a avenue to
market your business around the world and make some money too.
Affiliate Marketing is when you sell someone else's products to your
contacts and receive a commission for the sale from the vendor or
person who owns the product(s) rather than a company. You are paid
a commission for every person you refer or sell product to.
Some programs will also pay another smaller commission on the
referrals of those you referred or what would be a second level of
income. This creates more leverage however not as much as Multi-
Level compensation.
Multi-Level compensation is termed for commissioned income earned for
3 levels of pay or more.
People who have large networks make money with Affiliate sales
because they have a lot of people to market to. These are also one
time sales so to continue to make money, you need to continue to look
for new prospective buyers.
Multi-Affiliate Programs are my favorite because they are the easiest
to make money with. I call them Treasure MAPs.... :-). You make
money by selling virtual products or services on a monthly
subscription basis that are low cost and have simple multiple level
compensation plans for the greatest leveraging of efforts and
earnings.
Now there are many innovative excited hybrids with a new one nearly
every week. Opportunities are everywhere!
My philosophy is to find a few "business or investment partners" and
help each other build a network with a few selected companies.
Creates diversity, security and a lifetime income with a minimum of
time, energy and money.
Work smarter not harder... :-) "
Gary Bondurant.
503.502.5939
------------------------------------
Need help? Contact Vickie at vics4us@yahoo.com .
http://www.educatingforsuccess.com .
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