If you want to work a bunch of Internet marketers into a frenzy, just bring up MLM, or multilevel marketing. MLM is a popular business model these days, and you don’t have to go too far in any direction to find someone trying to persuade you to join them in their MLM enterprise. They’ll tell you that you can “be your own boss” or “write your own ticket” or that you can just out and out become rich if you join them in their MLM system.
It’s true that there are a number of people who have become financially comfortable through MLM. It’s also true that there are lots of people, and far more of them, truth be told, that have lost a lot of money by investing in an MLM scheme. Surely the truth about multilevel marketing must lie somewhere in the middle, right? Yet, aside from those who have become wealthy, few people have anything good to say about MLM. Why is that?
If you want to make money online, you are going to have to spend some money. That’s just the way it is if you want to earn income doing anything that doesn’t involve a regular, 9-5 job. If you’re going to start your own business so you can work online from home, a few expenses are going to be necessary. That’s true no matter if you’re a complete newbie or an experienced marketer. There are just some fixed costs that go along with any online business, as well as some additional expenses that are going to pop up from time to time.
The fixed expenses are going to include such things as Internet access, as well as Web hosting fees, domain names, and the occasional software product or plugin for your Website. If you’re smart, though, you’ll try to limit your expenses, especially when you’re just starting out. That can be hard for newbies, because when you’re first starting out, you’ll likely be spending time in marketing forums, such as the Warrior forum, and you’ll likely end up on the mailing lists of a number of marketers.
If you’re interested in trying to work online from home, you might be wondering how best to go about it. There are many ways to make money online, and if you do a bit of research into the possible ways of doing so, you’ll likely encounter multilevel marketing, or MLM as it’s often known in the business. While multilevel marketing certainly has its appeal, you really need to understand what you’re getting into if you’re trying to make money online via MLM.
What’s the problem with multilevel marketing? There’s nothing inherently wrong with the business model; it was created to give participants added incentive to work hard. If you work hard in multilevel marketing, you’ll earn money. If you work harder, by helping other people make money with it, you’ll make even more money. The idea is for you to not only participate, but to encourage others to participate and to help them make money. The more of that you do, the more money you’ll make. Then it snowballs from there, and before you know it, you’re rich!
If you’re interested in making money online, you’re going to have to figure out how to do it. If you’ve decided that selling retail products directly isn’t for you, then you might want to participate in selling someone else’s products. That’s fine, and both affiliate marketing and multi-level marketing, or MLM, offer those opportunities. Which is better? Will you make more money with multi-level marketing? Is it a scam? What are the pros and cons?
Regarding the two, I’ll discuss them strictly in terms of how they work on the Internet as you’re likely not interested in selling Amway door to door. Both affiliate marketing and multi-level marketing offer the opportunity to make money by participating in helping another individual or company sell their products. With affiliate marketing, you typically register as an affiliate at the company’s Website (or through a broker, such as Clickbank) and you’re provided with a unique link to provide to your email recipients or Website visitors that tell the company that traffic that goes to their product’s sales page comes from you. That way, if someone clicks on your link and subsequently buys the product, you will receive credit (and commission!) for the sale.