Monday, August 14, 2006

Two Important steps to network marketing success.

How's your email inbox been lately? No doubt jammed packed
with the latest, greatest offer promising to make you $1000s
in a matter of days. Your only commitment comprises of
simply signing on the dotted web page.

Sounds to good to be true, right? Well, one way to make good
money online is by leveraging the efforts of others but one
must be careful before jumping in with both feet.

It is important when comtemplating joining a network
marketing program that two important things are in place.

Firstly, you MUST have a product that people will buy and
that you could use yourself. After all if YOU can find a use
for the product then chances are your prospects will be able
to do so too.

Too often I have joined network marketing companies and
found that the product was sub-standard or worse still, the
product came a far off second to the compensation plan,
setting the company up with the possibility of being labled
a "pyramid scheme".

Pyramid schemes focus on the exchange of money and
recruitment - Sure enough it is important to signup others
in order to grow out your team and increase your earnings
but the product should not be so dubious that the company
comes under the scrutiny of the law.

You can find out more about pyramid schemes at the site
below:
http://www.sec.gov/answers/pyramid.htm

One program, that I became involved with recently, attracted
me before I even knew I could make money from promoting it.
Success University offers Self Improvement courses, which is
a genre that I have always been interested in. So, making a
monthly payment to improve my knowledge and earning power
seemed a no brainer to me. The investment seemed small
compared to what I could gain, that's without taking into
consideration the money earned through promoting the product
to others.

The above formula is just one way to check out whether the
product is something that you can sell to others in good
conscience.

Secondly, if you want to make money from your network
marketing company with the least possible effort then you
must look out for a GREAT compensation plan.

This folks is a no brainer - I have been a member of one
particular network marketing program and in spite of the
presence of a great product AND personally recruiting
hundreds or thousands of members, the monthly payout was
comparatively very low. The compensation plan did not
significantly reward me for my efforts and subsequently I
have lost interest in continuing apace. I would much rather
expend the same amount of effort for greater gains.

When perusing the compensation plan ask yourself - Can I
start earning with the least amount of effort and more
importantly will my income grow exponentially through the
time and efforts of both myself and those on my team?

You may also want to find out how others are earning by
searching the online forums. People love to boast and if the
money is being earned then you'll hear about it.

Keep in mind the couple of points above when choosing a
company to put your weight behind and you won't go too far
wrong.

Mal Keenan is the publisher of Home Business Tips
Newsletter:
http://www.home-business-tips-newsletter.com

For a company that offers a UNIQUE, HIGHLY Rewarding
compensation plan and Top Class product check out:
http://jjw1033.successuniversity.com/new.aspx