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A. Andrews and Sons Marketing Group
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What is an income opportunity? Are some "income opportunities" scams? What should you look for in an income opportunity? Which income opportunities are legitamate?
The term income opportunity applies to many different ways of making money. The most common application of the term is to making an income through network marketing companies or mlm's (multi level marketing). Is network marketing legal or are mlm's scams?
To a number of people, mlm's are scams. Other's feel that network marketing companies are as American as apple pie and quire legal. The truth is, they ARE legal and there's quite a few successful ones. Who hasn't heard of Avon, Mary Kay, Arbonne, Melalueca, Shaklee and Amway or Quixstar?
Do mlm's or network marketing companies have a good reputation? It depends, but for the most part, NO. Too many people say I tried that and it didn't work for me; Never again, some say. And a common statistic that flies around the Interenet states that 97% of all people who get into network marketing FAIL. That's a lot of people.
So no wonder it has a bad rap. So many new network marketing companies try to distance themselves from this past image or from traditonal network marketing. Yet, there are thousands of people everyday going on the Internet to join an income opportunity. Should you?
If you read through the pages i have on this website, you will find I don't pull any punches; I tell it like it is. I believe people should be informed because from my own personal experience I can tell you it is one big greedy money sucking world of "opportunities" out there. Don't get caught in the "web".
Additionally, there are numerous income opportunities that turn out to be blatant scams. They pull in a large membership and "run with your money". One company the Government shut down scammed in over 56 million dollars before it was axed. and the government doesn't always come to your rescue. Sometimes the owner of a scam income opportunity just shuts things down and your stuck with nothing.
The other dilemma is that an income opportunity is legit but it simply fails because it is not well funded, it is over funded (the owner is so rich he doesn't care if it fails), it has poor leadership, the product is worthless or doesn't deliver or it has a company favored comp plan (sort of like the Casino's in Vegas).
So are there good network marketing companies and are they really an income opportunity? Yes there are and you would be wise to follow some advise about what to look for and what to do.
Here's what you now need to do:
You must understand what to look for in a network marketing Company. Go here.
You must decide which network marketing Company is best for you? Go here.
You must use a marketing system to promote you and it. I'll show that to you later.
In conclusion, earning an income through an income opportunity should take some serious fore thought, some deep research and some careful planning before you commit to it. I hope you act upon these words and consider their meaning. Please call with any questions or to discuss what else is involved. I have been making money online for years and will be happy to share my experience.
Getting In On The "Ground Floor" of An Income Opportunity:
Occasionally as an Internet Network Marketer, you hear about something before most people or even before it pre-launches because of relationships you've made over the years.
Getting in early or on the ground floor of a real income opportunity could mean a great way to "hit it big". But is this always the case? NO. Getting early information may help you to get some ads, articles and placements on the Internet before others but what good is that if nobody finds it because the Company isn't successful or never gets started.
There was a Company called Our Power Forced Matrix that I knew about. Members were in deep anticipation of a great start with great "placement" in a forced matrix only to find the owner skipped out on everybody. It was a total scam. The ground floor ended up being its burial ground. I'd hardly say that was a "great position".
Then there was "More Than Traffic". An elaborate website was produced to make marketers believe the MMT "system" would not just get them traffic to their website, but guaranteed them "sales", a hundred thousand dollars worth. It too was a total scam and it too took many peoples money before it was exposed. Again, getting in early only meant you were among the many individuals you got scammed.
Another example was Ad Surf Daily. It looked like it was investing people's money and people were led to believe they were paying for "advertising" when in fact the government closed down ASD and confiscated over 56 million dollars. That's a lot of money people laid down and many you got in early kept returning their money to the "system" to make even more. Bad choice..
Unfortunately, there's more. Almost everyday there's some new "money run", some so called income opportunity where all you have to do is join and you'll make money with lines like, "No sponsoring required", "No selling". and "Fully automated cash machine". They all say the same thing. "Give us your money, do nothing, get paid!" There is no business where you can do nothing and get paid. If there were, everyone would do it. Sorry, money does NOT grow on trees.
There is no such business offline in the "real" world, why would there be such a thing in cyber-space? You don't make an income from doing nothing. Don't be fooled and don't be stupid! And don't waste your money on income opportunities that have no products, their products are "information" like e books or downloads or other automated "prosperity" systems.
On the other hand, if you know what to look for in a real income opportunity, then getting in "early" can be like getting a head start before everybody else. So what should you look for?
How To Know If It's a Real Income Opportunity:
Business and Income Opportunity websites are often full of promises and hype that has caused many searchers of additional monthly income to seriously doubt their validity or legitimacy. And you should feel that way, after all there is so much money grabbing garbage on the Internet, it will make your head spin.
So when a really good income opportunity gets presented to you, you may not respond because of a previous bad experience with a Company that went belly up or turned out to be a scam. This is where experience and discernment from someone who knows how to pick them would be a big help. But who has such experience?
Unfortunately, there are far too many income opportunity "advisers", "scam predictor's", "rip off reporters", "I'll help you to market, build your down line, give you spillover" sponsors and opportunity "experts" all too willing to tell you NOT to join business A, B or C but recommend business D, which they just happen to be a part of and are "advising" you to join. You still need to be careful.
Seriously and based on my personal experience, here's what you really need to know. Does the business or income opportunity have a legitimate product? Keep in mind the FTC states categorically that this in itself does not make a Company legitimate. The product does not have to be a physical product like a health or skin care supplement. It could be a "virtual" product like games or software. But which has more value to you and is likely to be used or consumed creating the need to order more?
Is the product something exceptional or a totally break through product? Is it a "first to market" product or is it a "me too"product? If you didn't make a dime from promoting or selling the product, do you think you can still "believe" in it, even continue buying it? After all, it's usually best to use it to know the most you can about it. Is it really "sell-able" and does it have mass appeal? Is it practical? Is it reasonably priced or mlm priced? Would you personally benefit from its use? Would you be excited to share it? Seriously, if not, move on.
For example, cell phones are sell-able and have mass appeal. However, would people change to an "unknown" Company? Would they worry about quality and service with a "Network Marketing Cell Phone Company"? Could they "get out of" their contracts without penalties? Yes, it may be sell-able and have mass appeal but will it be practical? Yet many people have flocked to these cell phone service companies.
What about the Company and its owners? Are they known and what is their reputation? Do an Internet search on them. Has the business or Company been around or is it brand new? Is it stable and financially well backed? Do you know where its located? What kind of branding does it have? What impression do you get from the Company website or their product? Who's recommending it to you? Is there a contact number, a terms and conditions and policy's and procedures posted?
Does it have support and a customer service number? Who's joining it? Google the name of the product or Company and see if there's a lot of sponsored ads for it or "organic listings". If it's popular, there will be a lot of Internet Marketers promoting it. Are there? How long has it been open for business? Who make up the "executive team" and investors?
Let's use a current popular business many people tried to recruit me into, even calling and emailing me asking me to join them. It was called ASD or Ad Surf Daily. For all appearances sake, the Ad Surf Daily members gave the impression that it was legitimate and the owner, Andy Bowdoin, trust worthy (he was even decorated by the US President people said).
Through my own investigation and research (this is what you must always do) I discovered Ad Surf Daily was a Ponzi Scheme. Shortly thereafter, on August 6th, 2008 the Government closed down Ad Cash Generator and arrested Mr. Bowdoin, seizing $56 million dollars in funds. One man who has since published many video's on the matter said he lost $20,000.00 on it! Ouch! That hurts! Don't be misled by "easy", "small", or "one time investments" with promises of large returns on your money. Be especially leary if the Company doesn't allow you to advertise it or wants you to "keep things quiet".
Another example is Web Prosperity. Again, a lot of hype and information was written on it. Supposedly over 100K people joined it (for free) before it launched. Problem was, nobody knew exactly what they were getting. When they finally realized it wasn't so great, I believe a lot of people never paid to join and I'm sure people dropped out steadily since then. Don't join something just because a lot of other people are. Often what is being touted as the best "new idea" on the Internet, is just some same old recycled version of a past failure.
When an income opportunity says it is easy to market (97% fully automated for example), quick to give you money and that you'll make a lot of it in a short period of time, it is usually some version of a scam. Never join something or buy something that teaches you how to market on the Internet without talking to someone you trust and has experience in these matters. This is usually a ploy to suck you in because new and inexperienced income opportunity seekers don't know how to do it and these scammers know it.
To make money with a legitimate income opportunity, you must build your business just like an off line business. This will take time, persistence and lots of hard work. Do you have the time for that? Who can you get to join after you? How will you get them? Will they stay in after they join? Does the network marketing company offer tools for you to market it with?
Another matter you need to consider is what do you understand about the compensation plan? What are the practical numbers and what does signing people up mean for your pocketbook? Are you really going to make any money with it? Will you even break even? Can your sponsor tell you where you'll be "placed" and what that means to you? How many people must you sponsor to make a profit? Can you make a retail profit from selling the products?
Here are my suggestions for answering the door when opportunity (as in income) is knocking:
1. Choose the income opportunity that you'll get excited about, benefit from the use of the product and feel confident there will be others who will feel the same as you. Ask around to see what others think, possibly before you join it or during a "free" trial period or pre-launch.
2. Make sure the Company and owners are well reported on and that the likelihood of its success is long term. If there's a doubt or some "red flags", it will probably come back to bite you in the long run. (You may make some money but if the Company closes down even two years later, all your time invested in it is wasted and your income is lost).
3. "Interview" your potential sponsor. Ask for negatives, weaknesses and problems about the program and keep shopping for a sponsor if he says there are none. Do you like the potential sponsor? Is he available when you need him/her?
4. Ask how your sponsor can help you to market your business and get traffic to your website? If he has no time or ideas then keep looking.
5. Can you afford the program? In addition to joining costs, ask how much you may need to spend to get people signed up through advertising and marketing? How much is the "auto-ship"?
6. When it comes to the comp plan, how many people do you need to sign up to break even and how many do you need to make the profit you're looking for? Do you think you can get that many people signed up and is the program good enough to keep those people in it?
7. Always ask, "Is there anything else I should be asking about this program or business"? An honest sponsor will inform, educate and convey what you need to know before you join, not after. Don't follow a sponsor in everything he joins unless he's your twin brother or has proved himself useful and cooperative. Branch out, perhaps the best new income opportunity will come along, you'll join it and recruit your sponsor in something else..
8. Do not join any network marketing company that has no owner, phone number, support or location listed. Do research before you join, not after. If the website looks like a five year made it, be cautious. Scams arise about once a week.
I've been involved in network marketing long enough to know that it is difficult, time consuming and lots of hard work to make the income that can come from an opportunity. Yet, to receive long term residual income is well worth the effort. So what are some real income opportunities? If they've been around for a long time, is it too late to get into them?
Income opportunities are knocking every day on the Internet, many of which you probably know nothing about. Perhaps the way you do hear about them is through a friend or business acquaintance's email. Ever tried to Google, "real income opportunities", "new income opportunities for 2010", or "income opportunities in pre-launch"? You just might find what you're looking fo
What To Look For In a Real Income Opportunity:
What do you need to know about an income opportunity before you join it? What is a real income opportunity and how can you find a great one?
An income opportunity is another label for an mlm, network marketing company or direct sales company. Some people believe all mlm's are scams, pyramid schemes and illegal. This is simply not true. Some companies like Amway, Avon, Arbonne and Melaleuca have been around for decades.
The ultimate goal of most network marketing companies is to become "the next billion dollar company". That's a lot of money and a lot of work to achieve. One of the fastest growing companies to achieve this has been Mona Vie. It started in 2005 and has apparently reached that level.
Avon brings in over 11 billion and Amway over 8 billion dollars per year. It's hard to argue with success.
Here's what you should look for in an income opportunity before you join it:
1. Who owns it?
If you don't know, don't join. If you can't find out anything on the Internet about them, proceed only if someone you trust recommends them. They will be your boss. If there's any red flags associated with their name, don't ignore them. Even if a person has "changed" you still have to deal with people finding out about the negative stuff in their background. Do you want to do that?
2. Is the Company well financed?
Some companies never get off the ground because they lack financing. If the funds are lacking it's an indication others don't feel the company will do that well. If someone rich or famous is backing the company, this is no guarantee either. Do people like this rich and famous person? Is he really involved or just "lending" his name? How many people are on the Executive Team? A lot suggests good financial backing.
3. What is the product(s)?
Is the product a "me too" product? Not good. Is the product e-books? Run. Are there a lot of products at first? You'll have to advertise them all - that can get expensive. Are they everyday usable products or health supplements people can live without? Are they physical products or does the company offer a service? Service mlm's usually don't last the longest. Is the product "first to market"? That's good. Is it a "me too" product but better than anything out there? Take notice. Is the product affordable? This is extremely important. People don't want to shell out $500 to join unless the product can save them at least that much or sell like hotcakes on a Sunday morning..
4. Where is the Company and can you get a hold of them?
If there's no contact number or physical address or location, don't join. Make sure you know the guarantee and if there is a cancel membership link before you join. If the company is out of the country in which you live, have someone you know in that country verify there is such a location and that the company is registered with the proper formalities. You're better off joining a company that is founded in the country you live.
5. How is the Company "branded"?
Does the company website look like all the others; cars, boats and mansions with hype on the first page? Does it have dollars increasing each second? Is there a push to get in before such and such time passes? Forget it! This website represents YOU. What message does it send to those that see it? Does it look like a Fortune 500 Company or a Company you'd be "Fortunate" to make $500 with?
6. Will the Company last?
You may not be sure of knowing if a Company will last, but you should have a feel for it. Some leaders are in one Company and then another every one or two years. They know the Company will "peak" and weaken and they move on to the next "quick buck". Don't follow these "leaders". Look for a Company with all the ingredients listed here and stick with it. If you can't make money in it, then perhaps an "income opportunity" is not for you.
7. Is the Comp Plan balanced?
Some Comp Plans are in the Company's favor, sort of like large casino's. A balanced Comp Plan will have a way to earn money quickly up front and it will be easy to qualify for rank advancement. it won't "punish" you if you have a slow month or don't produce as much volume.
You don't want "flushing" , "breakage" or "point values" attached to volume so that $1.25 in sales equals $1.00 commissionable volume. That .25 cents goes to the Company. Find out how much the Company pays out of their income and make sure you don't have to sign up 3 to 4 people to qualify for all levels of income.
In conclusion, quite simply, you should be passionate about the product. You should love working for the company and the owner and feel you would be happy to present them even to friends and family. Lastly, you should be paid fairly and well even if you only do small things with the Company. Don't settle for less. You really can make money with an income opportunity.
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