Saturday, June 4, 2011

Affiliate or Network Marketing?

Here are a few factors for you to take into account before taking the leap of faith into, what can for most be, the unknown.

The first and most essential factor to understand before jumping in and setting up your work from home business is to figure out whether you are looking for an immediate income or residual long term income. Are you looking for a short term gain or a long term thing? That is the question my friend. An affiliate business is set up primarily for those who are looking for an immediate income and a network market caters towards a long term business and income. The aim is to attract more people into your list of people, so that you generate long term income from that source.

Affiliate marketing needs to be built with baby steps, start with 1 or 2 products, then gradually building up your portfolio of products. It's like a person who has just passed his or her driving test and then getting to keys to a Ferrari. It's going to end in disaster, as the driver will be young dumb and full of... testosterone. My advice is give them a 1l sized engine Toyota and let them build up their experience before tackling anything bigger and better.

Network marketing is usually based on a series of different income types, may be as many as seven or eight different income streams. These income streams come from money you earn as a sponsor and from the sales volumes of others within your network. These income streams will flow from those you personally sponsored and from those within your network. This is only one of the many income streams you are likely to find within a business network.

"I would rather earn 1% off the efforts of 100 people than 100% off the efforts of myself"

- J.Paul Getty

Bonuses for sales levels are another type of income within a network. These will differ depending on the network organization itself, but is based on the achievement level of each person within the network. As the income of the network itself increases, your achievements will increase along with the amount of your bonuses. You get paid for other people's efforts... what a shame?

So in conclusion if you want a short term cash injection then affiliate marketing is the route to go down, however if you want a long term income stream then focus on network marketing. And if you are really on the ball then why don't you just do both.

"The way to get started is to quit talking and begin doing"

- Walt Disney

Source: http://ezinearticles.com/6110706

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