Is Anyone Really Making Money Online?

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This question continues to make its way around the internet on a regular basis.

With literally thousands of books and guides about how to make money online, people are still finding themselves frustrated with internet marketing.

How Do You Choose an Internet Business? 

The first place I would start would be with your personality. Do you like to socialize face-to-face, or do you prefer communicating through the internet? If you are an introvert, joining a network marketing business where you must attend hotel meetings and initiate conversations with strangers in order to grow your business is not going to be a good fit. You will be totally outside of your element and will set yourself up to fail, so choose wisely.

Pay close attention to how you were introduced to the business because this is a very good indication to what you may have to do to work your internet business. If someone approached you at the grocery store, or called you from a list of leads, this gives you an idea how the team is growing their business. If you are not comfortable with this method, ask about other methods that the team use to obtain enrollments.

How is the Company Structured? 

Compensation Plans

There are many different ways an internet business can be structured. One way is a binary setup with a left and right leg. Generally, the person who enrolled you will help you build one leg through the form of spillover, leaving you to build the other leg on your own. Between both legs, a certain amount of sales volume must be reached in order to receive a check. For example, if you need a total of 600 sv, you will need to have 400 sv in your right leg and 200 sv in your left leg. If you have 1200 sv in one leg and only 100 in the other leg, you will not receive a check until the volume in the weaker leg reaches enough volume to create a check.

Another way an internet business may be structured is as a forced matrix. This structure is restricted to a certain number of columns and when the maximum number is reached, the very next person who enrolls will be forced to be placed under another person. Forced matrixes creates lots of spillover but the downside is that the enroller chooses where to place the new person. It may or may not be under you, which will affect your residual income.

Then there's the multilevel structure where you can build your internet business as wide or as deep as the company will allow. If you build too wide then it becomes difficult to help your team because the only person benefiting will be you. Building deep is the most stable way to secure long term income.

This leads to my final business structure which is the Powerline. With this type of structure, there is only one line. Everyone who enrolls others will all go into the same powerline. This not only creates volume, but it also creates income that everyone in the powerline can benefit from. In my opinion, this is the best of all the structures and it will pay everyone a lot quicker than the other business structures.

Training & Marketing Tools 

Regardless of which internet business you join, one of the most important decisions you will make is learning how to make your business work. The quality of your internet marketing training is one of the things that will determine whether your business will succeed or fail.

Find out if you are expected to personally train your new business partners, or is there a system in place to do that for you. The less time that you and your business partners spend training others, means more time on marketing your internet business and increasing your income.

Also, if you do not want to call back everyone who inquires about your internet business, make sure the company provides a good follow up system to take care of this for you. Many new internet marketers fail to make the kind of money they dream of, simply because they fail to follow up with their prospects.

Tools you want to look for include promotional websites, weekly training calls, online forums, and recorded audios or videos. Armed with these types of internet marketing training tools will prepare you for direct response marketing and set you up for success for many years to come. You also want to make sure your internet marketing system can track your marketing campaigns. This way you know which of your marketing efforts are bringing in the most traffic.

Visit my blog to learn more about my home business.

Books I Recommend 

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

Amazon Price: $16.47 (as of 07/13/2009) Buy Now
Used Price: $13.97

The Work-At-Home Mom's Guide to Home Business: Stay at Home and Make Money With Wahm.com

Amazon Price: (as of 07/13/2009) Buy Now
Used Price: $0.57

Creative Visualization: Use the Power of Your Imagination to Create What You Want in Your Life (Gawain, Shakti)

Amazon Price: $10.36 (as of 07/13/2009) Buy Now
Used Price: $4.55

Developing Intuition: Practical Guidance for Daily Life

Amazon Price: $11.01 (as of 07/13/2009) Buy Now
Used Price: $0.01

8 Minute Meditation: Quiet Your Mind. Change Your Life.

Amazon Price: $9.97 (as of 07/13/2009) Buy Now
Used Price: $5.21

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