"So what do I need for my home based business?"
The answer...INTERNET. The internet has made having a home based business more feasible to a greater number of people Every day millions of dollars are exchanged over the internet. Products and services are sold and brought and money is made. There is no reason that you can not be apart of some of those transactions. There is serious money to be made on the World Wide Web. In my opinion, the two most promising internet businesses are Affiliate Marketing and Network Marketing.
Thanks to the internet it is now possible to communicate your business to people across the globe. Networking and building a successful home based business is now easier than ever!
Affiliate Marketing
"What is Affiliate Marketing?"
Affiliate marketing is a form of business that consists of a marketer (you), a company, and a customer. The concept is simple. You as the marketer posts links on your webpage, discussion boards, forums, or blog that leads to a particular company. Everytime a customer uses that link to perform a certain action (which will depend on the company) such as purchasing a product or filling out a form, the company will pay you commission.
"So all I have to do is post a link and I make money?"
Successful affiliate marketers create traffic to their links.
Affiliate Marketing is a simple concept, however; it's not the ticket to making money over night. In order to be a successful affiliate marketer, you have to create traffic to your link or the product you are advertising. Affilite marketers make the most money when they have targeted-quality traffic. For example, if you are an affiliate for a company that sells books on how to learn a second language, then you need to generate traffic to your link which consists of people wanting to learn a second language. Affiliate maketing allows the marketer (you) the potential to make a living marketing products without having products of your own to market. Almost every major company has an affiliate program. Affiliates can make anywhere from 5% to 75% on the sale of products.
The Super Affiliate Handbook
The Super Affiliate Handbook by Rosalind Gardner is in my opinion the most comprehensive how-to affiliate marketing book from a sucessful affiliate marketer. In this affiliate book Rosalind goes through step by step how she makes a [very possible] 6-figure income through affiliate marketing.
Network Marketing
"What is Network Marketing?"
Network Marketing is a form of business that consists of a marketer (you), a company, customers, and other marketers. The concept is simple. You sell a companies products to customers. You sponsor and teach other marketers how to sell the products and be successful. The more products your business sells, the more money you make.
" But Network Marketing looks like a pyramid scheme."
If you think the Network Marketing model looks like a pyramid scheme, then it is safe to say that you think all business models are pyramid schemes. Network marketing is similar to any other sucessful business model. Someone had an idea for a product. They gave others the opportunity to sell their product. Those people gave others the opportunity to sell the product and so on it went. What successful business does not have a product or service to sell? What sucessful business does not have other people involved in the business? The difference between the network marketing model and a traditional business model is that in network maketing each indivudial has the ability to create as much income as they would like. In a network marketing business model, you can make just as much as your sponsor. Take a look at the traditional business model below. The CEO is always at the top. No one under the CEO will have the opportunity to make just as much as the CEO.
Employees will never make more than management. Management will never make more than the executives. The CEO will always be at the top and making the most money!
If you want an opportunity to build a successful business, maximize your earning potential, create a passive income, and the opportunity to create a life of financial freedom and time freedom then Network Marketing is the way to go.
