31 Jul 08 Multi-Level Marketing: How To Choose The Best Online MLM Program

How To Choose The Best Online MLM Program

Multi-level marketing (MLM) programs can promise amazing income streams for anyone who would decide to join their ranks.  These MLM programs have become very popular earning opportunities in recent years, given the success they could share for their enrollees.  With the advent of online MLM companies, the industry has flourished even further.  Nowadays, countless people can earn through their MLM efforts from the comforts of their own homes.

But first thing’s first.  To be able to make the most out of an online MLM campaign, you must first enroll with the right MLM program.  Here are 7 tips to help you find the MLM program that would work best for you.

1.) Determine the credibility of the online program you wish to join.  Is it a reputable company with years of experience tucked under its belt?  You wouldn’t want to work hard for an entity that would later on turn out to be a scam, right?  Due diligence is the key.  Do your research before signing up.  All the information you need is right in front of you, and all you need to do is to turn the pages.

2.) How sellable are the MLM program’s products?  Indeed, you’d act as a representative of the program, and you’d be its direct agent.  You could master and employ all the marketing tactics in the world, but if the program’s products are hardly sellable, you won’t be able to realize some profit from the same.  You have to choose a program that sells proven products for a proven market.

3.) How much is the selling point for the MLM program’s products?  You would want a price range that is accessible for many people.  Success with MLM programs does not merely depend on the number of sales you will be able to get, but also the number of recruits you’d be able to invite. The latter is more important for you, in the long run, as they’d become members of your down line from whom you could derive some residual income.

4.) Do you believe in the MLM program’s products?  Donald Trump said in his book, The Art Of The Deal, that you have to believe in your own products if you hope to sell them.  Your belief in your own goods would show with in you will market the same.  If your prospects would find you lacking in confidence with your products, then the deal is as good as dead.  As an affiliate of the MLM program, the manufacturer’s products will be your products as well.  If you wish to sell them efficiently, you’d have to believe in them from the get go.

5.) How competitive is the market that the MLM program is catering to?  A hungry market would be best for your MLM endeavors.  It’s the law of supply and demand at work.

6.) How deep is the tier system for the MLM program?  Eventually, with some solid efforts invested, you’d be able to earn some residual income from the MLM program through the down line you will be able to establish.  You could earn some commissions from the sales that the members of your down line would be able to effectuate.  Usually, this goes down up to the third tier, meaning, you could earn from the sales generated by the members of the down line of the members of your down line.  But the deeper the tier system is, the more profitable the MLM program can be for you.

7.) How much is the commission rate being offered?  Instinctively, you’d want to determine this before anything else.  I’d suggest against it.  Your commission rate should not be the sole factor that would aid your decision.  An MLM program may offer astronomic commission rates, but if the other factors are non-existent (i.e. highly sellable products, a hungry market, etc.), you won’t be able to realize your profits.

A great online MLM program would score favorably in all of the tips we have enumerated in this article.  When confronted with several choices, give yourself some time to study them vis a vis what you have learned above.  Evaluate your options and choose the one that best complies with the factors we have discussed.

Popularity: 17%

24 Jul 08 Amazing Make Money Plan of 2008

Turning Turnkey: An Innovative Packaging Technique To Help Boost Your Sales in 2008

Chances are, you’ve been selling your digital products as they are.  If it’s an eBook, you must have been selling the same for what it is, nothing more, nothing less.  If it’s web space, you must have been offering it for what it’s worth.  If it’s a software program, you have just been promoting its benefits and features with the hopes of bagging some sales.  Granted that you may have been including some bonuses here and there to increase the value of your products, you’re still making your main product as the centerpiece of the deal.

Hence, the success or failure of such a package would ultimately depend on whether or not your main product would be able to deliver.

Throughout the years, however, internet marketers have tried other packaging techniques.  They have experimented with quite a number of these techniques.  Often they failed.  But sometimes, their efforts rewarded them with substantially increased profits.

One of these packaging strategies is what we have come to know as turnkey.  Why “turnkey?”  It’s because these packages are designed to complement one another and provide a total solution for a particular need without anything else that is required.  Solving the problem would be as easy as turning a key, hence the term “turnkey.”

The best way to describe this kind of packaging technique is through an example.

Popularity: 17%

22 Jul 08 Home Income - Broker Joint Venture Deals

How To Broker JV Deals For Fantastic Profit, Without Having To Spend A Single Cent

Let’s try this hypothetical scenario.  Supposing you’re in this position:

1. You don’t have a single cent in your account.
2. You don’t have enough marketing skills to catapult a digital product to the height of prominence.
3. You don’t have a mailing list composed of hundreds, if not thousands, of potential customers.
4. You don’t have any money - at all - to fund the creation and promotion of a digital product online.
5. You don’t have the brand name that commands credibility and immediately increases consumer confidence.

Should you give up on internet marketing?  Should you walk away from the potentials of making tons of cash online?

The uninitiated will say, any of the scenarios above - and more so all of them combined - would be enough to make you surrender the dream of making it big online.  But what do these people know?  Their imaginations are limited.  Their fears are doing all the talking.

You shouldn’t be one of them.  You shouldn’t lose hope.

All you need is an IDEA.

Yes, an IDEA.

Just one great idea can lead you to an online goldmine, and potentially, a windfall of profits that could come your way.

How can this be done when you don’t have the resources, financial or otherwise, to see your idea into actuality?

Have you heard about joint ventures (JV), dear friend?

Joint ventures are partnerships between online marketers who will pull their resources together for the success of one project.  For example, they could promote one product in all of their mailing lists for maximum exposure.  Or they could chip in their own products for one mega-package to increase its value and its salability.  They could promote this in their respective mailing lists with a system that would allow the members of each list to subscribe in the mailing list of the other members.  The effects of this could be long term.

Joint venture partners usually employ some sort of profit sharing scheme which they will agree on beforehand, so that each partner would know how much his share of the pie will be.

Joint ventures are encouraging options for any online businessman for the following reasons:

• They could trim down the expenses since they will be pooling their resources together.
• They could minimize the losses, if ever, since a lot of them would bear the same.
• They could promote the project to a wider audience through their combined number of subscribers.
• Less renowned personalities can piggyback on the credible names of their more popular partners.  This is great for branding purposes and for winning consumer confidence.
• Much can be learned from one another, especially from the more experienced partners.

So, given the scenarios in the first part of this article, where could you fit in with a joint venture?

Well, if you have a great idea, you could become a JV broker.  JV brokering is one of the few online opportunities that would help you garner a lot of profit without having to invest a single cent… for as long as you have the right connections.

If you have befriended established online marketers, or if you know how to contact them the right way, then JV brokering may be the option perfect for you.  All you need, as we have mentioned earlier, is an idea.  It may be your own idea, or someone else’s idea and you’d want to help him make it a reality.

With this idea, you could create a proposal.  This proposal is what you will present to the prospective JV partners you’d want to pool together.  If you proposal is viable and profitable, then there is no reason why your prospects would say no.

How will you get paid?  You could be paid directly based on a rate you have stated beforehand, or you could be paid via the profit sharing scheme that the partners would decide on.  Either way, you’ll get a piece of a pie.

Not bad for someone who only started with plan, right?

Popularity: 18%

16 Jul 08 How To Find The Best Resale Rights Products And Make Profits

Resale rights are quite popular these days.  They have become great alternatives to actually creating your own products.  You won’t have to spend time, money and efforts in preparing some products to sell.  And since these resale rights products will be sold to quite a number of people, the cost of purchasing the same can be kept at a minimum.

But not all resale rights products are built alike.  Some are simply better than others.  When you want to dabble in the potentially rewarding world of resale rights marketing, you have to consider some things in order to secure the best deal for your needs and expectations.  Let’s take a look at the factors you have to look out for to guarantee success with resale rights offers.

• Be on the lookout for products with resale rights that are being offered fresh, meaning, they have never been sold anywhere else before.  A lot of online marketers are interested with product creation alone.  They’d rather leave the marketing aspect of the business to their customers.  These people churn out products and sell the same with resale rights.  It is how they do business.  And since these products will be fresh, the market will respond to them quite well.

• Be on the lookout for products with resale rights that are still at the peak of their market life.  These are products that are still experiencing good sales.  The market has yet to be saturated with these items, and there is a lot of room for you to market the same to the aforementioned audience.

• Be on the lookout for products with resale rights that will be sold to a limited number of people.  Remember, each purchaser of the resale rights to a particular product would be your competitor.  You’d want to have as little competition as possible.  A product with resale rights that is sold to 100 people would limit its profitability.  A product that is sold to 20 or less people would be perfect, as there is enough room in any given market for all players to earn some profit.

• Be on the lookout for products that offer private label rights as well.  Private label rights would allow you to alter the said works, and even name yourself as the author.  Purchase two or more similar products with private label rights and you could mix and match their contents to come up with a totally new work that can be marketed as something fresh and innovative.

• If you’re on a tight budget, then try to find products with resale rights that are at the tail end of their shelf life.  These products should be selling at bargain prices, given the fact that there is little room in the market to sell the same.  How could you earn from them, then?  Well, you could choose to offer them for free to attract the attention of potential leads for your other products.  Or, you could offer a unique selling proposition and support the said product with a battalion of bonuses that cannot be found in other offers.  This would make your package an irresistible option for your target audience.  Or you may even use such products as bonuses to jack up the value of the other products you will be selling.

The bottom line is, with the right resale rights product, you could potentially earn substantial income.  It’s just a matter of finding the most favorable deal for you, and with the tips we have discussed above, there is no doubt that you will be able to procure the best possible deal for your business.

Popularity: 18%

11 Jul 08 Where, Why and How to Buy PLR Products

The Pros And Cons Of Purchasing PLR Products

Every online businessman needs content - PLR Articles.  Whether it is meant to drive traffic to his website for PPC purposes, or whether he plans on using the same to help sell his digital products, he would need content to convey his business message.

But original content is rarely cheap.  Often, online businessmen have to pay around $5 to $15 for a 400 word article.  And a single article is not enough for their purposes.  They need at least 20 of them to jumpstart a content site.  They need at least 50 of them to combine as an eBook.  The amount quickly becomes inaccessible to most online businessmen, especially those who are just starting out.

This is the reason why PLR products have become widely popular in recent months.  PLR stands for private label rights, which basically means the right to alter, alienate, or otherwise dispose of the said products anyway you please.

There are some advantages and disadvantages in availing of PLR products, however.  Let us take a look at them, as well as the solutions around the problems.

Benefits:

• PLR products are cheap.  Since you will be sharing the expenses with other purchasers, you won’t have to contend with the total cost of production by yourself.  An eBook ghostwritten by a freelancer, for example, can range from $200 to as high as $1,000.  But a PLR eBook sold to many people can be sold for a cost below $100.

• PLR products can become excellent search engine fodders, if you’re in PPC business.  All you have to do is to rewrite 25% to 50% of the pieces to avoid being tagged as dupe content.

• PLR products make excellent backbones for your own works.  Since the thoughts and the flow of the ideas are already there, it would be easier for you to work on them and come up with totally unique content.

• PLR products give you total freedom to alter the contents thereof, as well as resell them for any amount you feel is justified.  This means that you could combine PLR articles, for example, to come up with your own eBook.  Or in reverse, you could separate some parts of a PLR eBook to come up with several articles or e-courses.  The possibilities are endless, and you have full liberty to proceed as you wish.

Problems:

• PLR products, if used for website content without changing at least 25% to 50% of what is written, will be susceptible to search engine filtering because of duplicate works.  This can lead to a lower page rank for your website, or worse, a de-indexing for your web pages.  Since 80% of your traffic would come from the search engines, this would be a dire consequence indeed.

• PLR products may be difficult to resell.  A lot of other people would purchase the same product, and each one of them would be your competitor.  Imagine if 2,000 people have purchased the same PLR product, you’d have 1,999 businesses competing for the same market.

• PLR products, if used for article marketing without changing at least 25% to 50% of their content, will be rejected by most article directories.  A lot of article banks these days employ a script that weeds out similar submissions.  The rejection of your PLR articles would be the least of your worries, as worse things can happen, including the outright banning of your account.

Solutions:

• Treat PLR products as the base for whatever marketing tool you have in mind.  If you desire articles for web content or for article marketing purposes, use your PLR articles as basis for an improved work.  Most of the information that could be conveyed is already there.  You’ll be able to save a lot of time on research and organizing your thoughts.  Try to rewrite the pieces, and effectuate a 25% to 50% change to their content.

• You could try article wrapping as well.  Pinpoint the main information of the PLR article.  This should be somewhere in the middle.  Often, PLR articles have information wrapped between an introduction and a conclusion.  Just change the introduction as well as the conclusion, and you’re good to go.

• Hire freelance writers to rewrite your PLR products.  Since the base information is already there, freelance writers can charge you as low as 25% of their normal rates.

• Mix and match.  Do not hesitate to combine two or more articles to come up with a work that is seemingly different from the original materials.

PLR products are great options, especially for budget-conscious online businessmen who are need of content in large amounts.  The disadvantages presented by their nature should not dissuade anyone from considering them as viable solutions to a great need, as there are several solutions that can work around the problems that come with their nature.

Popularity: 22%

09 Jul 08 How To Set A Price For Your Online Product

And How To Use Dynamic Pricing To Boost Your Sales Rate

Internet marketing, by its very name is about promoting your products online.  But to believe that internet marketing is all about, well, marketing, would be quite restrictive.

Assuming that you have already acquainted yourself with the intricacies of product creation as well as the

myriad forms of advertising tactics that can be implemented online, we will now discuss a matter that could make or break your success in internet marketing.

Now, what we will be discussing is a subject that many online businessmen have taken for granted.  It is that very thing that would connect your business to the affirmative action of your visitors.  It is that very thing that would convert your visitors into paying customers.

We’re talking about the price for your product.

How exactly should you price your product?  Naturally, you would want to reach a range that would recover the investments you have made for its creation and promotion.  This is called the break even point.  Anything above the break even point would be considered as your profit.  Naturally, again, you would want to attain as much profit as possible.

So these are the two things that determine price:

1.  how much you have invested; and

2.  how much you want to earn per item

There are two approaches that are generally used when it comes to pricing.  Let’s take a look at them.

1.  Price your product a little over the break even point, and rely on the volume of items you will be able to sell.

2.  Price your product substantially higher than the break even point, so that every sale would reap some substantial rewards.

If you foresee your product to be a hot seller, then the first approach would be the best one for your needs.  You could just rake in your earnings through the several sales you will be able to achieve.

If you foresee slow sales for your product, then the second approach would be more appropriate.  Each sale would give you what you need, and you won’t be pressured to sell a lot of items to realize your earnings.

But both approaches have their own shares of problems.  Pricing your product too low might just give your prospective customers the impression that your product is of inferior quality.  Pricing your product too high would alienate a large segment of the market.

Personally, I say that you should price your product for what it’s worth.  Let the market forces take care of themselves.  If you bestow a fair price for your product, you won’t have to worry about the backlash of consequences.  Each product is a different case, and it merits special attention when it comes to pricing.  Keep this in mind when deciding on the right price for the same.

But here’s a very secret tip: you could use the price of your product to tremendously boost your sales.  Yes, you read that right.  YOU CAN USE THE PRICE OF YOUR PRODUCT TO TREMENDOUSLY BOOST YOUR SALES.  This is through a process called dynamic pricing.  Dynamic pricing can create an urgency that would compel people to purchase your product as soon as possible.

There are some tools that would allow you to implement dynamic pricing for your offers.  The way it works is that you’d offer a product for an amazingly low price, with a warning that after a specified period of time, the price would increase.  This increase would continue until the offer is priced beyond your market’s budget.

For example, an eBook can be offered for a mere $5 today.  After 25 hours, its price would increase by $5.  And after another 24 hours, the price would again increase by $5… and so on and so forth.  The result would be mass hysteria, as the members of your target market would line up in a hurry to purchase your offer while it is cheap.

Dynamic pricing is one of those novel marketing strategies that has proved successful for many online businessmen.  It’s worth the try if you want to experience an immediate rush of incoming orders.

Popularity: 21%

07 Jul 08 Ebay Secrets - Drop Shipper Tactics

Ebay Secret: Finding A Drop Shipper Is Not As Difficult As Advertised

If you have embarked on some online moneymaking venture through the channels made possible by eBay, the virtual world’s most popular marketplace, then you’re sure to be on a constant crusade for some techniques that would help boost the profitability of your trade. Well, I have two words that would help you when it comes to such:

Drop shipping.

Drop shipping involves a contact with a wholesaler, known as a drop shipper. The drop shipper would offer some items for wholesale prices (i.e. big, big discounts). The clincher? There are a couple of them, actually:

1. You’d get to purchase these items at wholesale prices even if you’re going to get them per piece.
2. The drop shipper will take care of shipping the item to the designated location.

Immediately, you will see the potentials for profitability with this setup. You won’t have to buy items for resale. You won’t have to create items for your offers. You just need a relationship with a drop shipper, select from his selection of products, and market the same at eBay. You could place your own markup. And you wouldn’t have to worry about storage space or shipping. Better yet, you wouldn’t be too pressured to make a sale, as your items aren’t technically in stock, rather, they’re with the drop shipper who will be awaiting your word as when to deliver the same to the winning bidder.

Now, here’s what is of the essence. Where could you find drop shippers?

Here’s an important piece of advice: forget about offers that promise to provide a list of drop shippers. More often than not, these lists contain outdated information, dead links and even fabricated entities. This is a fact that has been confirmed by eBay itself.

Here’s another important piece of advice: forget about searching for “drop shipping” or “dropshipping” at Google. The term has been exploited beyond belief that it has almost lost its essence in many content sites.

Here’s a fact that you should know: 80% of manufacturers would be more than happy to do some drop shipping for you. Whereas a couple of years ago, drop shipping was a novel approach to selling items online, nowadays, manufacturers have realized that drop shipping can be an effective evolution of the direct selling model. It’s easier to look for drop shippers today than it was a couple of years ago.

The first thing you have to learn is how to focus. What do you want to sell, exactly? Have you researched the market for it? Is it a profitable market?

The second step should entail researching appropriate products for the market you have chosen. What are available for the same? What, among these choices, do you want to sell?

Subsequent steps would be easy. All that remains to be done is to pinpoint specific manufacturers based from the list you have prepared, and contacting them individually. Ask them if drop shipping is among the services they could offer for willing partners. Chances are, you will get an affirmative reply.

Of course, there are ways to streamline the process. The website www.worldwidebrands.com offers a comprehensive directory of manufacturers that do drop shipping. Unlike the lists that have sprouted all over the internet, this website is very well known for its credibility as well as the equally credible information they offer. Each entry is verified to ensured accuracy. Their service isn’t free, however, but for a serious seller who wishes to make the most out of drop shipping, it would prove to be a good investment.

There are also some dedicated people maintaining websites about their experiences with drop shippers. Take www.webpuffs.com for example. The webmaster offers reviews of the drop shipping manufacturers he encounters, and the information he provides for free is immediately worth a lot.

The bottom line is this: drop shipping can make your eBay business more profitable and more convenient. And finding drop shippers is not as difficult as advertised, if you know how to proceed with the same.

Well, now, you’re in a better position than your competitors.

Popularity: 22%