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Network Marketing To Work At Home And Earn Passive Income

Would you like a passive income and work at home? Do you want the freedom to choose your own schedule? Do you want the potential for financial freedom? Be able to live life your way? As you read every word of this article, you will learn how you can achieve financial freedom comfortably.

Points I cover in this article:
* What is a passive income?
* How you can earn a passive income and work at home
* What are the next steps in starting earning a growing passive income and work at home

+ The passive income defined? +
The idea of earning a residual income is a great principle. A passive income is the ability to be able to earn income month after month from your initial efforts. Most people first think of real estate as a form of passive income or having large savings and earning interest. Also dividends from shares and stocks can be considered residual income. The whole point of residual income is that your initial efforts produce long term consistent returns.

Imagine the going on holiday for 6 months, coming back, and you have cash in the bank. All due to your residual income. How do you think billionaires or anyone who works things right is able to go for such a long period on %holiday% without worrying?

A job can be thought of as a form of passive income; however it is not the way we are looking for and your not a robot! You go to get a job and that initial success at the interview grants you an income for a longer period of time. Your boss really understands the side of the coin of passive income. For his initial efforts in finding and employing you, he or she has enabled themselves to make of us a continuous profit.

+ How to earn a passive income and work at home with MLM Network Marketing +
One thing you have to bear in mind with passive income is that it does require work to set up. There is no way you could press a button and automatically earn cash. However, for the people who are committed to making financial freedom a reality, the effort is well worth it.

We have heard that real estate is one form of passive income, but there is another way which has a potential to grow to a vast amounts of passive income regularly. This method of gaining a passive income has created more millionaires in the United States then any other form of passive income or any other method of home biz or career put together.

MLM Network Marketing is used by the rich, and when you take a look at the system presented to you, you start to see why it is a great form of passive income. MLM Network Marketing has such high growth potential as a home home biz opportunity and you get a system laid out in front of you.

The best part of MLM Network Marketing is that you can get started right away, and all for a very small outlay.

+ What’s the next steps in starting earning a growing passive income and work at home +
The next step for you is to find an opportunity that you like. There are many Network Marketing opportunities out there and finding one can be difficult. As you continue reading this article, at you will find my resource box with a link that will take you to the best MLM Marketing opportunity I have found.

After you have found the MLM Marketing opportunity that you like, and you join the MLM Marketing opportunity – it is time to speak of to your upline. Your upline is your key to success in MLM Network Marketing. Your MLM Network Marketing upline can show you the exact road to achieve success in MLM Network Marketing.

Best Tools For Internet Marketing

As a new internet marketer you will be tempted to handle things manually by yourself. This will make you feel more comfortable and not overwhelmed. At the same time, trying to run your business this way can take up quite a lot of time. Why waste your time when there are all sorts of tools out there that you can use to smooth out your process and speed things up? These resources cannot be labelled as shortcuts only. They can do more to help maintain your business in an effective manner. Here are some of the resources that you should utilize.}

A website is one of your most basic needs if you want to start an online business. That’s why you need to choose a web hosting service right away, so you can start to build your site. The web host you choose can have a big impact on your business, so it’s an important choice. It can be a little daunting to make this choice, as it’s something you have to focus on immediately. You want to consider the reputation of the company, along with their rates and the variety of hosting plans they offer. It’s best to choose a company that not only gives you several hosting options, but that makes it simple to switch from one to another whenever you want. Try to find customer reviews for the web hosting company. Can you call on them any time that you need help? Consider all of these things before making a final choice.

Across the board, Internet Marketers use PayPal for transactions for their products and services. Universally accepted, and easy to use, PayPal is the transaction company of choice. That doesn’t mean that you have to use it for your business. Payment processing systems are in abundance – that’s for sure. You might want to try Google Checkout also. Payment processing can be set up through your bank or credit union. Just be sure it is a reliable payment processor. It needs to have a good reputation. It needs to be secure. Before you settle into one payment processor, make sure that you can verify all of these things before going with them.

It is certainly possible to keep track of the money you bring in and the money you send out with a pen and paper. Using Excel would serve you better. If you cannot afford an accountant, the best choice would be to purchase solid bookkeeping software to help you. Using the software will allow you to go from simply jotting numbers down to taking into account your expenses and income made. So when you go to file taxes, your financial information from your bank will be much more easily accessible. Quicken and QuickBooks are just a few of the programs available.

There are all sorts of things that can make your life as an Internet Marketer easier. Sure, when you are just starting out, you are going to be tempted to try to take on everything yourself. Many tools, however, can enable you to build your business faster and make it more profitable. These are just a few things that will help you get properly set up.Source1: view
Source2: marketing, network, network marketing success, network marketing training, network marketing books

Six Requirements For Financial Independence

All of us would like to be financially independent, but what can you actually do to become financially independent?

1. Be in business for yourself
2. Sell a product that is in demand
3. Absolutely guarantee the product
4. Give better service than your competitors
5. Reward those who do the work
6. Attain your success by building the success of others.

One way to gain financial independence is through Network Marketing.

Network marketing as predicted by experts, is showing definite signs of going mainstream. More and more people who previously rejected Network Marketing, are now getting involved, and large companies that used traditional methods of marketing in the past, are now adopting the concept.

What is it? Network Marketing, as it is called today, has been around since the 1950s. Network Marketing originally known as Multi Level Marketing (MLM), is probably one of the most misunderstood concepts in America today.

In Network Marketing, companies move products through a group of independent distributors who buy wholesale, sell retail, and sponsor other people to do the same. For your efforts, you can earn overrides on multi levels of people in your organization.

What is so attractive about this business is that there is no prejudice. Anybody over 18 can prosper and succeed. No color, race, gender, age, employment or educational background can stop you. All you have to do is be open minded and follow the simple steps laid out by your company. You have unlimited earning potential. There is no ceiling. Simple, Fun, Money are three words that can be associated with the most powerful marketing method to distribute products in the 1990s and beyond. Personal growth, along with financial freedom is two of the things you can expect from Network Marketing.

Why Am I So Confused About It?

First, ask yourself what the difference is between Network Marketing and Multi Level Marketing. Nothing! They are one in the same. MLM has been around for forty some odd years now and started as a part time business opportunity. By the middle of the eighties many people were earning substantial amounts of money and were beginning to do the business full time. By this time the phrase “Multi Level Marketing” had a pretty tarnished reputation. Well deserved, we might add. Any new industry is going to have its con artists but this had many. Perhaps that is why a lot of people refer to this as a pyramid scheme (which of course is false).

By this time, John Naisbitt had published his well received and highly successful bestseller “Megatrends” and devoted an entire chapter on networking. We had been doing it subconsciously all along and we still do. So the industry came of age: More and more people were using the phrase, “Network Marketing.” Companies selling growth patterns astronomical in both the quality and quantity of people and found this marketing concept to be a wonderful way to move products in the nineties and beyond. Network Marketing was born.

In Network Marketing you are not a door to door salesman, so lets dispel that myth up front. You are in business for yourself (as an independent agent), but not by yourself. You can have very little start up costs and you buy wholesale and distribute product at retail. But, unlike other marketing methods, you have the ability to build a group of people under you, all distributing a little bit of product everyday and then collecting an override on the organization you helped to create.

Remember, this is a group effort (in business for yourself, but not by yourself) and the big money is in organizational overrides. It is almost like owning a chain of stores, or owning a large marketing distribution company. In traditional business (lets use a corporate sales organization) the sales manager hires by adding new people and assigning territories. If a person gets terminated or resigns, you subtract. If the sales organization has 100 people you will probably have a manager for every 5 people. Traditional business is structured a lot like Network Marketing, but in traditional business you do not collect overrides. How many times have you ever recommended a friend for a job in your company and collected an override for it? But, someone on top did! So, the power lies in the ability for Network Marketers to multiply and duplicate.

You build your organization by going wide and deep. Start by lining five people across. Teach them to line five people across, and have them teach their five people. So everyone is working with five people, just like traditional business. Only now, anybody who has desire and the ability to learn simple concepts has the ability to earn vast sums of money by exposing great products everyday and teaching others to do the same! And in time you will have a bigger sales force, all well managed and trained without the headaches of inventory, paperwork, computers, payroll, and staffing. You are an independent agent, all that is handled by the parent company. Once you have successfully trained five people, you go out and repeat the process again, you will have attrition, but are now multiplying, going wide and deep and just subtracting, not dividing when attrition occurs.

A Little Used Marketing Tool With Outsized Advantages

Michael Port in “Book Yourself Solid” recommends an “Always-Have-Something-To Invite-People-To offer.”

In my opinion this strategy is so effective for financial advisors because it melts negatives likes these:

— Prospects may know next to nothing about you and need to ease into a relationship.

— They may worry about being slammed by a crushing sales pitch.

— They may have had a bad experience with someone providing a similar service.

And the list goes on . . .

But suppose you offered something that introduces you and your services with no risk for your prospects! Simply, you showcased your personality and your expertise in one stroke while sitting comfortably at your desk.

One of our favorites is the complimentary teleseminar.

> Why Teleseminars?

We focus on teleseminars for three reasons:

1) Because they are easy to carry out,
2) Because they are super-convenient for your prospects, and
3) Because teleseminars can be free (look at www.freeconferencecall.com)

Now let’s see about designing this marketing tool for maximum results for financial advisors.

> The Hanson Big 5 Tips For Getting The Most From Your Teleseminars

* Big Tip 1 – Rigorously Hold To Your Schedule

Whether it is a weekly, bi-weekly, or monthly basis — keep it in front of you as a marketing tool you’re committed to.

* Big Tip 2 – Give Your Telseminar Series A Title That Sets You Apart

The name should capture what you do. Ours, for example, could be the Stand Out From The Pack Series. A financial advisor’s could be The Wealth Management Center or The Secure Retirement Hub.

* Big Tip 3 – Talk About Topics That Are Gnawing At Your Prospects

An appropriate general title for your teleseminars keeps the door wide open for a multitude of subjects. That means each week you can present a new on-topic teleseminar and, of course, open it up to questions and answers.

A question, by the way, can develop into a full-blown subject for the next teleseminar and you can invite everyone on the spot.

Also, you don’t have to be the only star of the show. You can invite complementary specialists and interview them. The KEY is to provide value to help listeners solve their toughest problems

And yes, over time, you’ll have a library of topics, and you can repeat.

* Big Tip 4 – Invite The Right People Whether Few Or Many

Your invitation list doesn’t need to be long just a handful of prospects is fine. Or even an audience of one.

Sales consultant Chris Mullins ingeniously uses teleseminars as the keystone of her sales process. She may be talking to a prospect on Wednesday. Once she learns what his or her big issue is, she can say, “I’m giving a teleseminar on that topic on Friday. Please join me.” Then, that troubling issue becomes the main subject for her teleseminar that week.

You may be collecting names from your website in addition to prospects from referrals and networking activities. You can invite them all to your teleseminars, too.

Consider inviting your clients. Certain topics may be just right for your clients and serve to deepen your relationship.

As a financial advisor, you may not, though, have Chris Mullins’ flexibility. Your teleseminar script may require approval by compliance, and that means you do have to plan ahead.

* Big Tip 5 – Have A Follow Up Strategy

Many financial advisors stop too soon. The teleseminar provides an opening to move your prospects along. You can send an email reminding them of the opportunity to get the transcript or to listen to the recording.

Or you can follow up with a short phone call or leave a message for them.

The good feelings from a teleseminar well done (always providing value) carry over when you contact your prospects again. In addition, providing teleseminars on a schedule always keeps you in front of your prospects. A big advantage in an overcrowded, overmarketed field

Advanced Online Marketing: Training for Using The Reverse Funnel System

When a system comes out closing sales completely for you it can sound too good to be true. Yet, The Reverse Funnel System (RFS) is designed to do just this and closes and average of twenty percent on the back end. Meaning if you can get just five people to pay the fifty dollars for the paid survey in a week, you’ll be walking out of your home office with a twelve hundred and fifty dollar week minimum, every week.

So how can you get five people to go through the paid survey in a week? Simply send a hundred people through to your sales page, your own personal copy of RFS.

This can be completed in a number of ways. One I find extremely effective is video marketing and the use of YOU-Tube and Meta-Café. Video marketing is extremely easy for anyone who has a web cam or a small camcorder. All you need to do is record yourself hyping up RFS, giving out free marketing advice, or maybe even just talking about life. This will drive traffic to your URL and if you can build some conversation, maybe a debate in the comments section of your video, you’ll get more views and more traffic.

Now video marketing can also be fun. If you want to spend a little more time than 15 minutes on the video you can design something that will really grab people’s attention. Think super bowl. The most appealing things and what sells THE ABSOLUTE MOST for all major corporations is humor and good looking people, combining them just rocks the boat. But as long as the commercial plays into some emotion while exposing the whole money/potential thing, it will be more effective.

If you’re not the most video friendly personality there is other things you can do to promote your URL, although trust me traffic will be hurt as the use of video’s in cross promotion is one of the most effective free internet marketing methods. Still you can use networking communities to spread the word and well as a number of different written marketing techniques.

But as long as you’re driving traffic, your copy of RFS will be working for you and you will be making money. Get to the nitty gritty of internet marketing and do that marketing, drive that traffic and wait for the paychecks.

Affordable Online Degrees

Accredited online degree costs arms and legs – that’s the general notion of many people who think of acquiring the much talked about online degrees. But the reality is a bit different. It is definitely possible to get an affordable package of the same. Browse the internet, and you will come across a bunch of online degree programs that really costs you low.

A person with high ambitions of achieving a better career always have the option of going for the online college degrees that come in an attractive yet affordable package. This degree can help you make better money, and possibly get that promotion that you have long sought after. One great thing about working towards an on-line degree is that you can work on it anytime you want. By focusing towards your degree, you could complete it in as little as two years depending on how many courses you need.

A recent survey revealed that very often a number of working adults carry out extensive research work on an affordable college degree online. Now the question is what actually motivates that kind of a search? May be enhancement of knowledge related to a specific subject or the hope of reaping some additional benefits of these online courses or just to get that long sought promotion. Whatever may be the reasons there are a number of benefits of these Affordable Online Degrees listed as follows:

1. In case of working adults, the degree can be easily pursued without hampering their full time employment.
2. The affordable online degree makes you all the more competitive in the job market.
3. The degree acts as an additional resource that proves an individual’s set of skills.

Over the internet, you’ll come across a number of online universities and institutes offering you an affordable online college degree. With study material being supplied to the students, these e-learning centers motivate the participant’s efforts by claiming, “The world is your classroom.”

These non-profit, private universities established by the Western governors are focused to offer the U.S. citizens a “cost-effective, high-quality education”. In many cases there is the Federal financial aid that is available for the prospective, eligible students.

Alternative Venture Finance: Federal Grants and Loans

While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business Administration (SBA), and by Small Business Investment Companies (SBICs).

An SBA loan, regardless of whether it is a direct loan from the SBA, or, as is more common, a bank loan guaranteed by the SBA, is essentially a bank loan. The benefit of it versus a traditional bank loan is the rate. SBA rates are typically much less than traditional business loan rates.

In most cases, in a guaranteed SBA bank loan, the SBA guarantees 90 percent of the loan will be repaid to the bank. As such, banks are at much less risk than in most other loans, and are a bit more flexible with regards to who they offer these loans. However, the SBA usually requires the founders of the company to personally guarantee the loans, which makes them risky should the venture collapse.

Alternatively, Small Business Investment Companies (SBICs) are privately organized corporations that are licensed and regulated by the SBA. Small or emerging businesses which qualify for assistance from the SBIC program can receive equity capital and/or long-term loans from these companies. Essentially, these companies provide their own capital, which is supplemented by federal funds, to the companies they fund.

Interestingly, U.S. taxpayers benefits from the SBIC program as tax revenues generated from successful SBIC investments have more than covered the cost of the program. Likewise the program has created hundreds of thousands of jobs.

In summary, SBA and SBIC financing are viable alternatives to financing from angel investors and venture capitalists and should be considered in the capital raising process. Similarly to angel and VC financing, companies seeking SBA and SBIC financing need a strong management team and value proposition, and a highly professional and compelling business plan in order to raise the capital they need.

Advantages of Outsourcing

To a layman, outsourcing would seem like a waste of time and money, as well as an unneeded complication. After all, why send business abroad when the work can probably be done better right at home? To a politician, the issue of outsourcing serves as a fortified objection to taking jobs away from ‘our own countrymen’. Sympathy towards this issue may elicit a few votes, but nothing more.

But to a businessman, outsourcing is a modern day boon. Outsourcing grants businesses the freedom to dump non – core, yet important sectors of its administration on companies specializing in those very individual aspects. Thus, leaving the businessman free to wholly concentrate on those areas of the company that bring in the real moolah.

The most enticing advantage of outsourcing is the cost effective factor. Human resource and IT services in the United States or Europe are not exactly inexpensive. Let’s avoid complicated business jargon and say that outsourcing is basically an option that offers these services at a much, much lower rate i.e., a cheap but highly productive mass work force. Let us take India as an exemplary illustration.

Thousands of highly intelligent people graduate in a variety of fields each year. Almost all of them speak English better than the English, and have dreams of making big money in a short period of time. The boom of BPO’s in the last 10 years has given them a chance to realize those dreams. It provides them with the opportunity to stay close to home and earn almost as much as they would if they took up a job abroad. On an average, an individual would earn $ 300 to $ 500 per month. A small sum to an American, but an Indian would be quite happy with that salary considering the conversion rate. It’s a win – win situation for your business as well as the company you’re outsourcing to.

There is no dearth of candidates willing to suffer incessant night shifts. Due to a constant effort of having to prove themselves, you can be assured of enhanced quality and productivity at all times. The company you outsource to will always be sure to reach your targets, deliver on time, ensure stringent security and maintain a level of productivity which won’t tempt you into taking your business elsewhere. Employees are regularly evaluated and terminated if found wanting in any aspect. The entire process of recruitment and the hassles involved with finding (and sustaining) the right person for the job is taken off your shoulders.

By 2006, in addition to human resources and IT services, companies that take on offshore contracts will also offer tax preparation and back office services. Hundreds of commerce students graduate in India each year and go on to become chartered accountants in a country where there is no dearth of them. Offering these services to countries abroad would be lucrative for both parties. The most advanced security procedures will be employed in this regard.

It all comes down to the money. Let’s face it; we live in a material world. And the technical term for material is moolah. So until the day the cons of outsourcing outweigh the monetary factors (read pros), outsourcing; as a legitimate and lucrative way to do business, is here to stay.

Another Way to Grow Your Virtual Assistant Business

We, as virtual assistants (Vas), generally attempt to grow our business by obtaining more clients or contracts. Now the new strategy is to enlarge our small business by creating a multi-virtual assistant company or organizing a team of Vas to subcontract or outsource projects to. These Vas provide services, which will complement your services rather than compete with them.

More and more virtual assistants are creating multi-virtual assistant companies, while others are subcontracting to other Vas. Normally, virtual assistants who work with multi-virtual assistant organizations or work on a subcontract basis are entrepreneurs themselves. On the other hand, Vas who are in the beginning stages of their business can gain experience and knowledge as business owners while at the same time establish their companies, as well as earn money. Operating a small business requires much more than just knowing how to type or perform any other administrative task.

However, it is a win-win concept because an established virtual assistant (va) can offer more services without having to be skilled in that particular area, as well as have the assistance of up-and-coming Vas. In some cases, a virtual assistant needs a va to help them with administrative tasks. In addition, you have a backup in case of your absence for any reason. Whether you operate a multi-virtual assistant establishment or subcontract to other Vas, you can offer their services in addition to yours.

For example, in an attempt to grow my virtual assistant business and expand my services, I’m applying the subcontracting strategy. I recently organized a team of three Vas with varying skills to subcontract projects to. My core service is word processing services, and the team services include bookkeeping, Real Estate Virtual Assistant (REVA) services, transcription, and website and graphic design. Their services complement mine rather than compete with them. Now I can offer their services in addition to my current offerings. If for any reason I am absent or need assistance with my administrative tasks, every member of the team is able to perform word processing services and provide administrative assistance.

If you are a virtual assistant who is in the process of growing your business or increasing your list of services, consider organizing a team of virtual assistants with various skills. As the virtual assistant industry grows so does the level of available skilled virtual assistants. It is a win-win situation for established virtual assistant companies, up-and-coming virtual assistants, and our clients.

Balance In Direct Sales: Take Time To Watch The Horses

As my direct sales business has grown over the past couple of years, I’ve had seasons where my life has been completely out of balance… it’s then when I have to pull back and reflect and get some perspective on life… including my home business.

A while ago, my daughters and I were out running errands… the usual mega-store run for everything you’ve ever needed or not in bulk, off to deliver an order to a friend and then back home again. We live in a small town and anytime we want to go ANYWHERE outside of our lovely town we have to drive through a beautiful community of horse farms and grand estates.

One horse farm along our usual route is magnificent…rolling hills, lush green grass, beautiful white fence. Each spring the mares and babies are out on the pasture by the road where we drive. I have to be careful when we pass by because we’re all ooooing and aaaahing – people in the cars behind me get mad because I slow down, people in front of me better not slow down because I’m not watching the road and I might rear end them… something about a colt running along side it’s mamma… breathtaking.

What does this have to do with doing a direct sales business? Not much really… except to say that there IS more to life than the business And sometimes you need to stop and watch the horses. It’s amazing – I can be driving along that country road and have my mind completely focused on what I need to do for my business… where I need to be, what I need to get, who I need to call… so much so sometimes that I don’t even hear the kids asking me a question as I’m driving. But when I get to the farm and I hear the kids say, “Oh oh oh.. mom look there’s a baby running”… immediately all the brain rush shuts off and I gaze and admire and remember there are other things to think about.

I am passionate about direct sales. But the reason I’m passionate is because of what I believe it can DO for the women (and men too) that are in the field. Unfortunately I hear of too many women (sorry guys, that’s the majority in our field) who spend too much time NOT taking time to watch the horses… those moments of quiet rest, to reflect on life rather than business.

I guess it’s all about balance. This is nothing new to you I know. So find your horse farm… and enjoy the moment… but remember to keep part of an eye on the car in front of you just in case!