Network Marketing Internet Business
Network marketing, also known as multilevel or mlm marketing, usually involves an individual associating themself with a parent company as a contractor or franchisee. Usually you will get a commission on all sales you make as well as any sales from persons who you bring into the business.
There is a lot of confusion between network marketing and pyramid selling which scares people off getting involved, however people should know that there are legitimate network marketing internet business opportunities available.
Compensation Plans
There are several different types of compensation plans, here are the most common.
- Binary: Where you have two legs, a left and a right, and you usually get paid the accumulated commission on your weaker leg.
- Matrix: Is a
Network Marketing Internet Business Scams
Unfortunately there are quite a substantial number of network marketing internet business scams around however it is pretty easy to spot them.
- The most obvious sign is whether or not the only people likely to use the product or service are those involved in the business
- The primary object of the business is to recruit new members rather than sell products or services
- An on going monthly payment is required to make commissions
My Network Marketing Internet Business of Choice
I am involved in several network marketing internet businesses and will list them here along with why I believe they are so successful.
- MonaVie: There are so many companies trying to cash in on the health industry at the moment and many of them are borderline pyramid schemes. MonaVie however is a company I found that only costs $39 to sign up and you can get started selling there product right away with no monthly costs. And the most important factor is that people who are not involved in the business buy the product and love it.
- SFI: SFI has been around for a long time now and has a huge selection of products and services which you can sell. It's free to sign up and you get a lot of free training also. I like SFI due to the extensive amount of resources they have to help your business succeed.
